Insurance brokers etc

[sfr rob]

Hey guys, just got my annual insurance invoice for next year today, and i am not impressed i must say...

I have a BA Fairmont Ghia 2002 V8. lowered, all the bolt on mods etc.

Now... JUST CAR INSURANCE are charging me $1250.
standard excess $500-
for being 22 = $400
plus my 20 inch wheels are covered aswell, but if i want to claim something they will charge me the above PLUS another $400.

SO... i am after something better, but as I am 22, and own and drive a V8... i am over getting turned away by insurance agency's.

does anyone know of any decent insurance company's that can look past my age...

by the way... i have not had an accident, speeding fine.. etc etc for 4 years now.

[MotherNatureVer2]

Not sure about the age part .... but I am with Shannons ........ Excellent price for agreed value on the Sprint .......

I couldnt find anyone else that could offer a premium of anything even remotely close to the afforability of them ;)

[mowog]

Dont use a Broker...

They always put a margin on top to cover their commisions.

Get online and run quotes... Then call

[Sorted]

Originally Posted by mowog

Dont use a Broker...

They always put a margin on top to cover their commisions.

Get online and run quotes... Then call

So I guess you work for free as well then mowog?

Here is a comparison - you get your car serviced, the mechanic charges you for his labour and also charges you for the parts - does he sell the parts to you for trade and only charges you for his labour - I DONT THINK SO

OR does he forget the labour charge and just charge you for parts..............UN NO !!!!!!!!!!

Also when using a Broker they work on behalf of you where as if you deal with an insurance company they work with their own interests in mind.

TRY this simple test, don't pay your car insurance by your renewal date and have an accident after you renewal date and wait for this answer from an Insurance Company - I am sorry you have not paid your renewal so you are not covered.

Where as if you did that and you were insured through an insurance broker you still will be covered as insurance brokers have credit terms and automatically renew your policy with the insurer.............

Case Closed

On the insurance side the total premium of $1250 is a very good price for some one aged 22 with a V8

Standard excess of $500 is only $50 to $100 more than a std excess on most car insurer's policy's

Being 22 additional excess is $400 - you will have to pay an age excess until you are 25 mate

20 inch wheels additional excess of $500.

If your wheels are stolen you wont have to pay the age excess of $400 as you weren't driving the car

[fmc351]

Something else on behalf of brokers. They can sometimes get a better price in the first place. Often, even with their fee, the price can be lower than if you sought it from the insurer yourself.

I can broker interstate vehicle transport through a major carrier, for less than you can get it direct from said carrier, and I make money from it and you save.

[davocol]

From my experience you will not find anyone cheaper than just car in your circumstances, well I couldn't anyway. 1200 is not that bad at all, sure the excesses are quite high and I can see why you want to sell the 20's, 900 excess is pretty standard at your age.

[sfr rob]

Cheers.. thanks guys..
It's all very helpful.. think i will just stick with this mob till i hit 25 then go with shannons, they seem to be the best for classics and customs.

Cheers
Rob

[Yaw]

Originally Posted by DRHEMI

TRY this simple test, don't pay your car insurance by your renewal date and have an accident after you renewal date and wait for this answer from an Insurance Company - I am sorry you have not paid your renewal so you are not covered.

Where as if you did that and you were insured through an insurance broker you still will be covered as insurance brokers have credit terms and automatically renew your policy with the insurer.............


[

Actually thats not quite true.
By law a renewal must be sent at least 21 days prior to expiry.
Even then if on your renewal Lets for example say its anniversary date is 1st of October each year. The renewal will state that and give you a date of 15 October as payment due date, if it remains unpaid after that, (most) will send a second reminder stating it is overdue wich will extend it 1 week from there before it actually lapses and a claim is denied because it was unpaid.
If during that time you have a claim and the policy has not lapsed the insurer should cover you provided the premium and any excess applciable is paid. Because in thier "normal" circumstances they would have accepted the payment anyway.

[Hally]

20 inch wheels does not make it a custom.......