73 replies to this topic

[Jordan]

Okay, so I got my car insurance information today.

I am currently with AAMI, no problems there, BUT:
New insurance policy came through, along with a phone call saying that, Seeing as my car has hit 12 Years Old, the agreed value has dropped from $8700 to $6500. Thats bullshit. The Annual Insurance is $784 with an excess of $625 + $1400.


So Im asking you, who are you with and what do you pay, I have 3 weeks of insurance left, and am hoping for a much better deal.



Thanks
-Jordan

[Adam]

Jordan, agreed value, or market value?

[Ben_20EJT]

i paid mine just befor xmas, im with aami and have a gold rateing or some crap. im paying $1500 for full comp and argreed value of $13000. but ive been getting lots of quotes for different types off subys and JUST CAR came up tops and had better deals. id just say, make a few calls and shop around.

[Meadyyy]

You dont agree to this value You win haha

[skillionaire]

Hi,

Market value can change, but your agreed is what you've specified within reason.

Shop around, get a cheaper quote, and tell AAMI you want them to beat it. Not just match it, because you're already uneasy about what next year might bring with them.

Cheers,
Nik

[Jordan]

Hi,

Market value can change, but your agreed is what you've specified within reason.

Shop around, get a cheaper quote, and tell AAMI you want them to beat it. Not just match it, because you're already uneasy about what next year might bring with them.

Cheers,
Nik

Yeah, dads been with them for 7 years claim free. Will Do.

[skillionaire]

Hi,

Is it under your Dad's name? Are you named as the primary?

If the answer to this is yes and yes, just get your Dad to say you've bought your own car which you are insuring yourself, and make you an occasional on the policy.

Cheers,
Nik

[aekOne]

I used to be with AAMI but now I’ve got both cars insured through Shannons. I think I pay about $750 for the Foz with agreed value of $18,000 and my Liberty costs $350 (limited use) with agreed value of $20,000

I also get a discount for having my CAMS licence

[Jordan]

Hi,

Is it under your Dad's name? Are you named as the primary?

If the answer to this is yes and yes, just get your Dad to say you've bought your own car which you are insuring yourself, and make you an occasional on the policy.

Cheers,
Nik

Car policy and car are in dads name, with me as an occasional driver.

[skillionaire]

Hi,


Comparing insurance prices is redundant as everyone has a different situation.

Jordan is on his P's, Aek.

@Jordan: Exactly what I'd do. Be confident that you can get a better deal. You can.

Cheers,
Nik

[Morgan]

That's a big drop in value! I sold my Liberty a few months before it turned 12 so I can't comment on that.

Definitely shop around though, or at least call AAMI and bump that value up. There's gotta be a better deal out there.

Alternate plan, sell car and buy something else?

[Xon]

That's a little confusing, how can they drop the agreed value without you agreeing with it?

[Jordan]

That's a little confusing, how can they drop the agreed value without you agreeing with it?

I think it was agreed value at market price.

[skillionaire]

Hi,

They can change it whenever they so please, but to be fully agreed you have to.... well, agree to it.

They do this so that when you say you want it insured for more, they bump up your premium to counter. Or more recently, they seem to boost the excess - because noone ever thinks that anything is ever going to go wrong - why the are you buying insurance if you don't think anything is going to happen.... Ugh. People.

Cheers,
Nik

[Jordan]

Yeah, well....

I've got quotes from Just Car and Budget Direct, cheapest is just car with $2.588/year and an excess of $1100.

That.

[skillionaire]

Hi,

What the hell? Do you live in the Bronx or something?

Cheers,
Nik

[Jordan]

Castle Hill.

Cause im a Red P plater, insurance is Fukked.

[Morgan]

Get other quotes in your dads name.

I'm still going under my dads name because it's just not worth it otherwise

[Jordan]

Get other quotes in your dads name.

I'm still going under my dads name because it's just not worth it otherwise

I am, But you have to list the age of the youngest insured driver. Me.

[Morgan]

Ah right. That's an advantage with AAMI. Even if you are the youngest driver, you don't have to list it.