Insurance: What company, and how much?

Discussion in 'General Technical Discussion' started by Mike, Jul 13, 2007.

  1. Mike

    Mike Guest

    This question was raised by Snickells, and was discussed on our old forum, and can be found here.

    -------------

    Insurance, love it or hate it, its a must. Especially if your gona' go through all the aches and pains of importing from another county.
    I thought it might be a good idea for all of us to list prices on quotes they have received from various insurance company's around Aus.

    So far i have only talked with Shannon's and they have quoted on a 98 legnum with full comprehensive as a daily drive, $1100 per year.
    Although, this is offered on a multi vehicle police with various discounts due to the house and contents on the same policy.
     
  2. kiwibstokes

    kiwibstokes Leaving Skid Marks

    Joined:
    Jul 14, 2007
    Messages:
    574
    Likes Received:
    2
    Location:
    Vic
    First Name:
    Bryan
    Drive:
    2000 Legnum Type-S
    Alright seeing as the cars on the way i looked into this insurance business more, unfortunately my mate the Insurance broker can not help, all the companies didn't like the fact it won't be garaged.

    Shannons said no, because it isn't going to be garaged at night, but also the fact i sometime have it on site at work they were scared it might get backed into or something.

    So Justcars i called came back at $1141 per year, agreed value of $21,000 $1500 Excess if Stolen $1700 At fault accident, bit heavy on the excess i feel but not too bad a price i guess.

    Thats for a 23y/o, Rating 1, 8yr driving history and no loss of license or claims
     
  3. snickells

    snickells Leaving Skid Marks Lifetime Member

    Joined:
    Jul 13, 2007
    Messages:
    3,056
    Likes Received:
    23
    Location:
    Australia
    First Name:
    Anon
    Drive:
    Car
    Seeing as my car has landed, I've activated my insurance with Shannon's.

    Genelle said something about the price dropping once I turn 29, so I asked and got a very nice answer. Now it stands at $1090 per year, 20k agreed value, excess is $500, 28 yr old male with no claims or driving offences and it will be garaged.

    When I turn 29, In like a month, my premium drops down to $850!
     
  4. anon

    anon Guest

    Thats not too shabby. I think my quote was around $1200 from Just Cars (27yo rating 1). I didn't think to call Shannons.

    I went to a broker friend, and she couldn't get me any deals :(
     
  5. Sydo

    Sydo Leaving Skid Marks

    Joined:
    Jul 15, 2007
    Messages:
    632
    Likes Received:
    1
    Location:
    Victoria
    First Name:
    Andy
    Drive:
    Me Crazy
    Shannon's Insurance

    $776.61

    25yr old, rating 1.
    Garaged.
    Agreed value of $17,000
     
  6. BuzzPuppy

    BuzzPuppy OZVR4 Ambassador Lifetime Member

    Joined:
    Aug 7, 2007
    Messages:
    3,100
    Likes Received:
    47
    Location:
    Victoria
    First Name:
    Gavin
    Drive:
    レグナム Super VR-4
    HOW? *laughs*

    Here's mine with no driving offences, etc.

    Super VR4 Legnum, agreed value of $16,000

    Just Cars
    $1060.00 30yo Rating 1 (no garage), postcode 3166
    $1100 standard excess, $1500 theft excess.

    Shannon's
    $1043.00 30yo Rating 1
    $500 excess

    I do need the car to be garaged though (relatively high risk area) with Shannon's and I'm seriously thinking of BUILDING ONE next to the house since it'll be a long term prospect.

    Sydo, how you got to $776.61 is beyond me. Nice work though!
     
  7. Sydo

    Sydo Leaving Skid Marks

    Joined:
    Jul 15, 2007
    Messages:
    632
    Likes Received:
    1
    Location:
    Victoria
    First Name:
    Andy
    Drive:
    Me Crazy
    Yeah it definately was a good price. The reason why it's so good is - at the time of the quote I already had two other vehicles insured with Shannons.

    In real dollar terms, it'll only cost me an extra $36 a month (or $432p/a)!!

    Brilliant really! :)
     
  8. gilly

    gilly Leaving Skid Marks

    Joined:
    Jul 14, 2007
    Messages:
    880
    Likes Received:
    5
    Location:
    SA
    First Name:
    Simon
    Drive:
    2000 Legnum VR4 Type S
    hmm I currently have my car insured with Shannons. When i got my quote i told them the gsr will be sold by the time i insure the legnum so they quoted me based on not having a 2nd car insured with them.

    So maybe i should keep the insurance on the gsr (even if its gone), then get insurance on the legnum at $400 cheaper, then cancel the gsr insurance.
     
  9. Sydo

    Sydo Leaving Skid Marks

    Joined:
    Jul 15, 2007
    Messages:
    632
    Likes Received:
    1
    Location:
    Victoria
    First Name:
    Andy
    Drive:
    Me Crazy
    Good idea in theory.. They 'should' recalculate the Legnum insurance once you've gotten rid of the GSR however.
     
  10. anon

    anon Guest

    Was quoted $985 from Just Cars today....although it will change. I neglected a few things when I was taking into account the value of the car.
     
  11. Mel-D

    Mel-D Leaving Skid Marks

    Joined:
    Jul 28, 2007
    Messages:
    579
    Likes Received:
    20
    Location:
    QLD
    First Name:
    Mel
    Drive:
    2012 Ford Focus ST Manual,Tangerine. Evo 6 Blue manual.Had 2004 XR6 Falcon M11 Auto,Yellow GT stripes. 1999 Legnum Manual,White
    Shannons insurance agreed value $16000, No drivers under 40, sorry all you young people Quote 1998 legnum basic excess $500 under 25 nominated $400,not nominated $1500 and approved anti theft dev is fitted.

    Torque motor policy $606.37,No drivers under 40 agreed val $16000 aproved anti theft device fitted. This was the best price most places won't insure imported vehicles
     
  12. [VEER4]

    [VEER4] Guest

    Hey guys just a reminder.. cheaper isnt always the best. As much as you wont want to.. read the product you are buying... TRUST ME!!!
     
  13. leebutts

    leebutts 1 AYC Bar

    Joined:
    Jul 15, 2007
    Messages:
    3,365
    Likes Received:
    44
    Location:
    New Zealand
    First Name:
    Lee
    Drive:
    2001 Golf GTI
    Hi,

    anything in particular we should be looking out for?

    cheers

    Lee
     
  14. mallen

    mallen Leaving Skid Marks

    Joined:
    Jul 17, 2007
    Messages:
    413
    Likes Received:
    0
    Location:
    SA
    First Name:
    Matt
    Drive:
    2000 Legnum VR4 Type S
    By far Shannons were the best when it came to customer service. And I also am led to believe that out of all of the places that insure imports when it comes to a claim they wont screw you as much...

    Anyway that's who I'm going with...
     
  15. [VEER4]

    [VEER4] Guest

    If you are going full comp insurance. Make sure you get an agreed value. And if it is agreed value make sure there is no clause on there stating. ' Agreed value ofrmarket value, which ever is the lesser'... that stings a lot of ppl. As usually market is lesser and thats all you will get paid out.

    Make sure they will cover you mods and get them listed on the policy, in doing this make sure that you increase you total Sum insured to cover the whole package in a total loss situation.

    Also dont just look at the total premium, look at what it will cost you if you pay by the month etc.... sometimes it can be an extra $300.

    Make sure what ever company you choose is an australia company and not an offshore company. I dont think offshore companys have to comply with australian standards.. ( dont quote me on that for all offshore companies)

    The excess to pay can vary greatly between companies too. watchout for hidden xs.

    Free glass cover is a good one too especially if you are covered for personal effects cover... ( mobile phone/cd's etc..)

    Very few companies are authorised to give personal advise to you about their product so if can be hard to get a conversation with them. It really is up to you to look at what your buying...

    It is hard getting good insurance for imports... companies know this and they charge for it too... it sucks!!!
     
  16. [VEER4]

    [VEER4] Guest

    You must have spoken with me then ;)
     
  17. BuzzPuppy

    BuzzPuppy OZVR4 Ambassador Lifetime Member

    Joined:
    Aug 7, 2007
    Messages:
    3,100
    Likes Received:
    47
    Location:
    Victoria
    First Name:
    Gavin
    Drive:
    レグナム Super VR-4
    Hmmm, looks like I'll have to build a garage or carport on a rental house.
     
  18. trounced

    trounced Leaving Skid Marks

    Joined:
    Jul 15, 2007
    Messages:
    668
    Likes Received:
    0
    Location:
    NSW
    First Name:
    Wes
    Drive:
    1997 Mitsubishi Legnum VR4
    does it really make that much difference if the car is garaged ?

    will definately have to garage it then, tell me thou i live in a town with only 11000 in the whole area 25km's radius and yet some guys are talking about main city's and my quote is not much less if not more

    shannons said
    $1120 for comprehensive no garage and im 29 already
    and i already drive a turbo car and have another imported car as well.

    yet people 25 are saying they are getting better insurance

    does anyone know, i have heard that shanons do contents and building as well should i move everything over ?

    we just moved to elders because they did the Delica we have that is an import and no one else did, now elders said they wont do the performance import grrr

    i hate insurance
     
  19. BuzzPuppy

    BuzzPuppy OZVR4 Ambassador Lifetime Member

    Joined:
    Aug 7, 2007
    Messages:
    3,100
    Likes Received:
    47
    Location:
    Victoria
    First Name:
    Gavin
    Drive:
    レグナム Super VR-4
    Ahhh, ok I figured out why mine's so expensive. It's where I live. You see, anyone who lives in the postcode 3166 actually covers a few suburbs. Oakleigh, Oakleigh East, Hughesdale and Huntingdale.

    That's THREE train stations, public car parks, shopping strips, etc.

    So I'm in a high-risk area code, hence why Shannons cannot insure me unless I have a garage.
     
  20. leebutts

    leebutts 1 AYC Bar

    Joined:
    Jul 15, 2007
    Messages:
    3,365
    Likes Received:
    44
    Location:
    New Zealand
    First Name:
    Lee
    Drive:
    2001 Golf GTI
    Shannons: $15k purchase price, $500 excess, youngest driver 26, garaged - $1335, if i bring crappy Excel over as well goes down to $1271. We currently have rating 1 with Suncorp on the Excel.

    Probably high due to my post code, age of youngest driver??

    Waiting on a quote from Just Cars.

    cheers

    Lee
     

Share This Page