Thread: Insurance Quotes.

Originally Posted by alpick

Got a quote from youi today

2000 td5 auto 130k kms arb bar and winch, black widow drawers, towbar, SLS, UHF, driving lights, dual batt fitout.

Max agreed value they would insure for including all accessories $15900
makes car value about $11900!

other option was market value which was an amount to be assessed after the car is written off, i.e. paying insurance for an unspecified payout amount, Hmmmmm?

but going offroad "up to the max capability of the vehicle" excluding 4wd parks was included.

chose not to go with Youi.

I guess that's based on Redbook wich says your car (without accessories but with 180K + mileage) is worth $8,700 - $10,900 private sale and a dealer would offer you $5,800 - $8,000.

Shannons Insurance
2000 Disco 2 ES TD5 auto 260k, stock as a rock.
insured for $10990 @ $650 per year.

After being with the RACV, I dont mind paying the extra $$$ for the knowledge Shannons wont try to wiggle out of paying....

I've got my 2000 td5 d2 insured with Affinity, due to the 4x4 club discount I get as a LROCV member.

I'm possibly not a good example, as this is the first vehicle I've had anything more than third party on in 20+ years so don't have the gleaming "rating 1" that seems to makes a big the difference to premiums - the policy quotes a 60% NCB discount. I also live in Melbourne's inner north, which isn't particularly great for the risk ratings.

The D2 is insured for market value plus $2500 accessories, windscreen coverage, and 15,000+km travel per year. The premium is $912.85p.a. with no penalty for monthly direct debit.

To put this in context, youi was charging me $1,087pa with a penalty for monthly payment and no windscreen excess. Shannons quoted about 2-300 more than youi so I didn't even bother making a note of the exact amount.


cheers
Paul

Originally Posted by johnb44

racq $583.87 with a $500 excess on my 2004 disco classic at market value

RACV $545 up front $500 excess, agreed value of $13200 (the max theyw ould go ) for 2001 LR Disco V8 auto, both drivers over 25 with no claims in last 5 yrs.

The market value is interesting.

This is Affinity/CGU's definition:

Market value
If you have insured your vehicle for market value, we will at our option:
● replace your vehicle with an equivalent vehicle or pay you its market value at the time of the total loss, plus
● replace all insured accessories or pay you the cost to replace them as new, less depreciation.

Market value means:
The amount of money it would cost to replace your vehicle in your local area with an identical vehicle. We will take into account the condition of your vehicle. This amount includes any GST and stamp duty you must pay for the transfer of ownership of the replacement vehicle.

And Youi's definition:

Market value means the reasonable and expected cost of replacing your car with a car of the same or
a similar make, model and condition at the time of
the loss. Market value does not include any warranty costs, future stamp duty transfer fees or allowance for dealer profit.
Market value includes an allowance for after factory or non-standard accessories up to the amount noted on your policy schedule for After Market Accessories.

That disclaimer I've italicised in the Youi policy is particularly ugly and seems to suggest they will pay out at trade price. It makes me very, very glad I moved to Affinity/CGU.

Originally Posted by OffTrack

I've got my 2000 td5 d2 insured with Affinity, due to the 4x4 club discount I get as a LROCV member.

That sounds pretty good to me! What's Affinity like when it comes to claiming? In my experience RACV will do anything to knock back a claim and Youi was even worse. Youi wouldn’t even cover my wife if she drove my previous car (BA Falcon V8) because at 29 she was too young!

The price isn't as important as the knowledge that the company will be there for you when you need them, not be there to fight you when you need them (RACV...)

Originally Posted by Infiltrator

That sounds pretty good to me! What's Affinity like when it comes to claiming? In my experience RACV will do anything to knock back a claim and Youi was even worse. Youi wouldn’t even cover my wife if she drove my previous car (BA Falcon V8) because at 29 she was too young!

The price isn't as important as the knowledge that the company will be there for you when you need them, not be there to fight you when you need them (RACV...)

Affinity are basically brokers for CGU, so all claims go through CGU. The only claim I've made is for a broken windscreen and I didn't have any dramas on the insurance side of things.

HI All, Just did the insurance thingy on the '02 D2 comprehensive with Alliance. Agreed value of 15k is $850.63 market value was $787.19. Rating 1 with 1 free glass claim a year and 1 bingle claim a yr and not lose the rating 1, big of em! Some of the others I tried were like $1076 for market value only!! :O. so yeah shop around, This was through SSAA insurance brokers in SA, great lot to deal with.