Youi Insurance - any feedback ?

[RedMk2Gti]

I just got few comprehensive insurance quotes :-

Youi - $495
NRMA - $989

It's a massive difference, the only worry (according to Youi's PDS) is I can not choose my own repairer. Are anyone here insured with Youi ? did you have any issue with them ?

[gerhard]

They are very eager to get your money.

I did a quote with them for my seldom used Jackaroo, started at a nice sounding $330, but by the time I put back the things that were needed (such as another driver being covered, essential when off-roading) it was back to within a few dollars of my normal AAMI premium of $500ish.

I wonder if they are just as eager to pay out, or whether they will nit-pick for the tiniest loophole to avoid a claim.

I decided not to find out and went with AAMI again.

Edit: Their "Market Value" was also $4000 LESS than AAMI for a total loss situation.

[RedMk2Gti]

Edit: Their "Market Value" was also $4000 LESS than AAMI for a total loss situation.

Do you know any real case as such, Gerhard ? otherwise how do you know what's the market value without a real claim was involved.

[gerhard]

Do you know any real case as such, Gerhard ? otherwise how do you know what's the market value without a real claim was involved.

You know the market value because you ask them the question "what is the market value according to Youi?" They will tell you what it is, but of course if when you claim it is evident your car is a heap of crap, it will have a lesser value than a car of "normal" condition for age.

[Treza360]

They won't insure me. Car is too awesome.
Love how they go on about how they ask questions and find out how you use your car, I barely got into it before they said no (too many improvements).
It seems to me that who they are really catering for and looking to get as customers is the city office worker. Ie. Car is only driven to the train station and is only used on weekends and to go to the shops.
Oh well much there are much better and more specialised insurers out there.
Cheers,
Trent

[RedMk2Gti]

It's a 'go' for me.

Youi agreed value $10000, premium $495.
AAMI only insure for $6600 for $599.00 if I want agreed value.

I know it may be fun when I need claim but let's see. For up front money it's clear who'll get business.

[DIDZ]

No go for me.

The website doesn't even come up, I won't even bother.

[Golf Loon]

Ring Shannons Eric.

Insure your classic car at agreed value and get cheap prices on your daily, including windscreen cover, agreed value and choice of repairer.

And its CHEAP!!!!

[Nefarious]

I've been recently doing the insurance quoting rounds for a V5 Bora, and Youi came up to be one of the more expensive companies, at close to $1450. Post code is Bathurst, record is good and I drive 8mins to work, car is garaged and no claims, though im 27 years old.

Youi called me today to follow up and I told them my story, and the only reason given for the higher price was that I was a single male

AAMI came up cheap at around $920, just cars not far behind at $950, BINGLE was $790.00 with agreed value of $13400, and the cheapest of the lot was ALLIANZ in the low $700.00 mark. Suncorp was around the $3k mark lol

[evorobin]

I used to be with shannons but my "dangerous driving" (read speeding) charge meant I had to go elsewhere. Been with SGIC and they are great when it comes to sorting claims asap.

My mate just insured his 5 series after I recommended them and they also were cheapest quote he had. The only downside is I'm not sure you get to choose repairer.

[woosh73]

insurance

i'm currently with Shannons for the 06 polo gti - $502.00 and agreed for $20k which was the amount of paid for it. Never had to put a claim in so i don't know how they are on coughing up the moula.

They also insured my Maxi Caddy , Mazda 6 and 94 harley so i get a good discount.

[mikinoz]

I have 3rd party as I really could not care how hard they are to deal with. They were so cheap it was fantastic. You also find that they are much more specific with details, so you may be careful if you use incorrect info and then get caught not using it how they think you use it.

Virgin are also in the market now - http://virginmoney.com.au/car-insurance/

[jettapilot]

When my renewal was due I got a few online quotes. My AAMI renewal was cheaper than all except the AAMI online quote??? Curious, I called them to find out why?

Their answer - the online quotes are cheaper because they are there to get new business and we'll get our money back over the next couple of years.

On the whole, I'd say insurance companies are B*******. The sort of business you want shares in but not to be a customer

[Goon]

They won't insure me! I'm a drunkard who got booked for refusing a drink driving test, when I was moving my car 2 feet (& Obviously drunk). Can't wait till my 3 years is over, and I don't have to tell insurers this detail..!! So embarrassing!

[Blitzen]

After a pricing debarkle with NRMA, I had a look at Shannons(wouldn't insure me as I have a car port, and not a garage), then did the AAMI online quote. I listed all of my mods (that I could), including the chip, and that I have had an at fault accident in the last 12 months, and it came back with just over $600.

With options, my final payment was $688, I then rang them up and listed my other mods at no extra cost to my premium, so I'm not complaining about that.