It pays to shop around

[Duke4]

Got my renewal for my insurance on the D4 this month it was for $1,291 about $40 dearer than last year, not that bad but as I always do these days I thought I'd check around.

Went to a couple of those comparison sites and entered my details and got a number of quotes starting at $865 all the way to $5,679.

I chose the second one on the list for $871 because it was an insurance company that I have had before, in fact it was the same insurance company that sent me the renewal for $1,291.

The phone call was interesting,
"Hi, I've decided to not go ahead with the renewal as I have found a much more competitive quote"
"really sir, what price have you been quoted we may be able to match it"
"I have been quoted $871"
"that is a significant difference are you sure that they offer a similar product? can I ask who gave you that quote?"
"sure it was was you" prolonged silence
"do you have a quote number?"
"sure here it is" even longer silence
"Sir, I'm happy to inform you that we will match that quote"

Saved $420 in 10 mins.

[sheerluck]

Had exactly the same issue with Youi. They seem to rely on apathy - once you're in you have to badger them to get a half decent renewal.

[rb30gtr]

I am 30 and have never had any vehicle comprehensively insured, ever. So when inquiring around for prices nothing shocks me.

$871 is a bargain!

Youi wanted over 2 grand from me, and I drive on weekends only.

[CSBrisie]

what was the "site"? (comparison)

[Duke4]

I tried both iSelect and compare the market

Compare the market had more responses

[connock]

One question to ask when getting insurance is , is it covered off road ?
Some don't cover once you leave the roads.
Mine covers me every where except if I'm some where illegally. Just got mine in the post:( but its $779.30 so looking at the amounts on here I'm feeling a bit better.

connock

[Xtreme]

Thanks for the thread.

My CTP (NSW Greenslip) insurance is due and a check has shown that my current insurer is asking $267 (or 50%) more than the insurance comparison check has come up with. I think a phone call will be in order tomorrow.

[CaverD3]

Ring the insurance company each year and have it reduced. Yup they rely on you just paying what they ask.
Just make sure you are covered fro off road if you do go off road.

[Eevo]

so you went with the company that was trying to rip you off in the first place?

[Crimdog]

Hey Connok, who are you with? That's a great price if they cover off road... Hopefully getting a d4 in the next couple off weeks, I want to find a balance of cheap/good!

[stray dingo]

Ring the insurance company each year and have it reduced. Yup they rely on you just paying what they ask.
Just make sure you are covered fro off road if you do go off road.

Also clarify what the selected insurer classes as 'off road'. Most will consider 'off road' as not being on any gazetted (recognised/named/etc) road or track
ie real bush bashing type stuff. If it is a track or road nominated on a proper map, its unlikely be classed as 'off road'

(according to AAMI anyways)

[~Rich~]

I went with Shannon's for extensive cover, anywhere in Aus I'm covered. Also I wanted it to cover whoever drove the car seeing my friend was sharing some of the driving on my last big trip.
$1299 per year but I pay no extra to split into monthly $109 payments.

[eddomak]

Thanks for the thread.

My CTP (NSW Greenslip) insurance is due and a check has shown that my current insurer is asking $267 (or 50%) more than the insurance comparison check has come up with. I think a phone call will be in order tomorrow.

For greenslips, always check out:
MOTOR ACCIDENTS AUTHORITY of New South Wales - Road Safety Research, Motor Accidents Compensation (http://www.maa.nsw.gov.au) (or more precisely the calculator which is at http://http://prices.maa.nsw.gov.au)

[Xtreme]

For greenslips, always check out:
MOTOR ACCIDENTS AUTHORITY of New South Wales - Road Safety Research, Motor Accidents Compensation (http://www.maa.nsw.gov.au) (or more precisely the calculator which is at http://http://prices.maa.nsw.gov.au)

Did that last night and after a phone call this morning paid the reduced rate.
The higher rate was due to the fact that the insurance company had incorrectly recorded an 'at fault accident' in my records.

[101RRS]

I went with Shannon's for extensive cover, anywhere in Aus I'm covered. Also I wanted it to cover whoever drove the car seeing my friend was sharing some of the driving on my last big trip.
$1299 per year but I pay no extra to split into monthly $109 payments.

Shannons are good for classics but not so good for modern everyday drivers. Now I clearly do not know your driving history or circumstances but you are paying nearly double what I pay for my 07 RRS with a well known company.

Garry

[Duke4]

so you went with the company that was trying to rip you off in the first place?

Yes I did, the renewal is an automated response, my company does the same we add a % for a renewal and post it out, 99% continue with the renewal.

Does your insurance company automatically reduce your premium every year? the motto of the story is 'ask and you shall recieve' say nothing and do nothing and nothing will change.

[Eevo]

the motto of the story is 'ask and you shall recieve' say nothing and do nothing and nothing will change.

sounds ethical.
relying on people to be too busy/lazy to get a better deal when the company can offer it

[GregMilner]

Shannons are good for classics but not so good for modern everyday drivers. Now I clearly do not know your driving history or circumstances but you are paying nearly double what I pay for my 07 RRS with a well known company.

Garry

Hi Garry, I'm about to buy a 2012 or 2011 Vogue which I will use off road, eg Gibb River, which company did you go with and do they cover you for off-road?

[Duke4]

sounds ethical.
relying on people to be too busy/lazy to get a better deal when the company can offer it

Sure, call it what you like, I'm sure if you just sit at home companies and government departments will be lining up at your door with money to give back to you.

Can I borrow your rosé coloured glasses

[CaverD3]

Some insurance policies (particularly those that are offered by lease companies or company cars) will only cover on gazetted roads and often only the balloon payment not agreed value. Beware!

[Eevo]

Sure, call it what you like, I'm sure if you just sit at home companies and government departments will be lining up at your door with money to give back to you.


they are charging the consumer extra hoping they wont pick up on it.
charging existing customers more than new customers

when you went online for a quote, it was assuming you were a new customer.

its like they were punishing their existing customers for their loyalty.

[~Rich~]

they are charging the consumer extra hoping they wont pick up on it.
charging existing customers more than new customers

when you went online for a quote, it was assuming you were a new customer.

its like they were punishing their existing customers for their loyalty.

Yep, all our other vehicles get a new policy every year. Get the new customer discount everytime. There is no need to be "Loyal" to any insurance company anymore. Shop around but also get a new online quote from your existing company. As mentioned before if you are lazy / slack and just pay the renewal you will be paying too much.
Rich.

[Canaussie]

As caver said!!
I called youi today as mine went up about 200 for this year back in feb. well I'm glad I called as the helpful bloke lowered down to abou 775 per year with glass and all mods I have done and rental car if vehicle is in for repairs!!