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alicerain2020

Question about insurance

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Redbook valuation for that car is between $3,500 - $5,100 so my guess would be "not all that much". :P

 

Sorry, NSWer here.

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Deja Vu strikes again.

 

Practically every insurer has an easy to use online quote generator so WTH would anyone be asking here?

Well, actually 5 years ago that statement wasn't quite true, which would validate my initial claim.

 

Price for a BA is highly variable anyway, from scrap value up to a few or even several grand for an XR6 or XR8 in near new condition.

As for an XR6 XT - they don't exist. XT is the designation they assigned to the base model. XR6 will either be plain XR6 or XR6 T denoting turbo.

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Yeah, I looked for an older post with this and couldn't see one, so benefit of doubt here. :)

 

Deja Vu strikes again.

 

Practically every insurer has an easy to use online quote generator so WTH would anyone be asking here?

Well, actually 5 years ago that statement wasn't quite true, which would validate my initial claim.

 

 

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in QLD "Fire & Theft" is all roughly the same price, $250~350 per year.

 

If you wanted to add cover for YOUR vehicle, I drive a car thats valued at about $4000 (which is funny, because you can't BUY one for less than 10k) and I pay $395 per year full comp.

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Red book value and insurable value are always less than what a car would cost if you bought it from a respectable dealer. Having said that, you can get cars for the red book value from auctions, Gumtree or Craigslist (buyer beware...).

 

As Rybags said, just about every insurer has an online quote generator, even if they don't offer cover until you have actually called them and spoken to someone. My advice would be not to go for the first insurer that comes to mind, but to have a look online and compare prices. Also read the PDS and the insurance contract (these also tend to be published online) so that you know what cover you are paying for exactly. If the insurance is ridiculously cheap, there might be heaps of exclusions or an enormous excess that defeats the whole purpose of getting insurance. Again, buyer beware - it is better to read the fine print (though it might be a bit tedious) and pick a product that suits your risk profile instead of being left high and dry and whingeing about it later.

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I'm not sure about Redbook these days - supposedly not very reliable.

 

As for insurance - in my recent experience it's like they play the discount game to get the newbies onboard then just jack up the price.

A few years ago, I moved from Budget Direct to Coles as they had the cheapest but then they increased it every year to the point where last year I said fuggit and did another look around.

Most competitors beat them or weren't far behind but to my big surprise NRMA came in the cheapest so I went with them.

 

The annoying thing about it all is that these days they don't even have shopfronts, so you're just doing it online or dealing with an offshore call centre.

And the bottom line is that they're just resellers, and likely brokering on behalf of the same multinational giant such as Lloyds.

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