Insurance Quotes...

[The_Hawk]

Like most of us I'm always up to save a buck, so sitting here I just saw an add for youi and thought i would have a look see since the ad was talking about being cheaper if you catch public transport and don't drive to work... you know, they don't assume things about you...

As I started entering my details I decided to list the car as a stock standard then start adding mods to see how far I could push it.

For a little background, 30 year old male driver, perfect history, car garaged in NSW 2560.

So, like I said, listed with no mods far an agreed value of $8,100 (the highest they let me go)... so the annual premium?

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.
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$1732

W.T.F.? I pay less than that for TWO cars with Shannons WITH all my mods listed, both for agreed values.


In other news I have to hunt up the company my mate uses, he has an old Torana with a modern Commodore V6, custom paint, wheels, drive line, interior etc etc, probably under insured at $30k, same age and experience as me. AFAIK the only condition on his insurance is no more than 7,000km a year (although I need to check what else if anything is really behind it)... but his YEARLY full comprehensive insurance premium... LESS THAN $300. Thats right, THREE HUNDRED. Did I mention he also lives in NSW 2560?

How are these things so different?

[Treza360]

Ah insurers what a joke. I pay less than that for my car with Shannons with all my mods listed and being 25 years old.
Cheers,
Trent

[Manaz]

My annual premium is less than $900 through Shannons for my Bora V6 4Motion, all mods listed, agreed value of $22k. I'm 32 years old, clean driving record.

Budget Direct would be another one that I reckon would be a laugh.

EDIT: Actually, they're not hideous. $902 for the year, listed as modified (though most mods not detailed).

[Treza360]

Heh I used to look forward to being 25 and getting "cheap" insurance. Now it looks like I get to look forward to being 30.
Cheers,
Trent

[greasykitchen]

Heh I used to look forward to being 25 and getting "cheap" insurance. Now it looks like I get to look forward to being 30.
Cheers,
Trent

Well, when I turned 30 my premium didn't drop, only increased slightly like it does every year

(BTW I pay about $350-$400 with Shannons for agreed value, no off-street parking in a busy area for the Mk1)

[The_Hawk]

Yeah, it's dodgy as all hell how some people have new GTI's, modified insured for bigger $$ and still pay less than me in the a Mk3

And yeah, under 25 changed to under 30 in the last year or so, sucks.

[gregozedobe]

You seem to have forgotten some very pertinent information :

Insurance companies only exist to :

1 Pay high salaries and bonuses to their executives and directors, and

2 Maximise profits for shareholders

(and yes, I believe I got the order correct).

Unfortunately they are not there to give us cheap (or even reasonably priced) insurance for our cars.

So if they want to charge "too much" the only thing you can do is see if someone else offers better insurance (remember the premium is only one of many important factors to consider when buying insurance, and the cover you get will suddenly be far more important than how much it cost you if you ever do make a claim).

[MissVuks]

Ah insurers what a joke. I pay less than that for my car with Shannons with all my mods listed and being 25 years old.
Cheers,
Trent

i called up shannons just out of curiosity - they quoted me 2650 compared to the 1400 im paying now!

[Treza360]

i called up shannons just out of curiosity - they quoted me 2650 compared to the 1400 im paying now!

But insurance is always expenisve for 21 year olds...

As a 24 year old with less mods than I have now they wanted ~4600 a year for insurance.

[MissVuks]

But insurance is always expenisve for 21 year olds...

As a 24 year old with less mods than I have now they wanted ~4600 a year for insurance.

HAHA 21 with 4 years experience maybe perhaps its just because i live in the ghetto that is western sydney LOL

[andrew]

01 bora. over 35. stock standart just a bodykit

im with gio . 2 months ago i got my renewal i use to pay 1037 and it was insured for 18200. this year im paying 993 but its insured for 14.800
next year they will surely say ten

[DIDZ]

i called up shannons just out of curiosity - they quoted me 2650 compared to the 1400 im paying now!

LOL ! I got quoted about that figure by Shannons also. 28, clean driving history.

Go figure.

[Blitzen]

I just got on board with AAMI. I got away with all mods listed, less than glowing driving history, 10 years driving experiance, and I have rating protection. All said an done, my premium came to $688 with an agreed value of $22,500.

[Manaz]

HAHA 21 with 4 years experience maybe perhaps its just because i live in the ghetto that is western sydney LOL

I'm Western Sydney too you know!

My guess is that you're young, driving a modified turbo car, and their underwriters see you as a risk. It's unfortunate, even unfair, but that'd be my guess.

Shannons have been really good for me - I was a little worried after they got bought by their new owners, but I was impressed when I did finally talk to them.

[The_Hawk]

Got both my green slips through Shannons now too, cheapest option I could find for both cars.