Insurance options opinions sought!!

Post by **kazbah** » Mon Apr 04, 2005 4:43 pm

I know we have worked this topic to death, but I have a bit of a conundrum. I'm due to renew my insurance with Famous Classic Car Insurance. The premium is $849.59, but if I want to pay by the month they add another 10% therefore $934.59... and they will only take it from a bank account not a credit card account. Now their clauses read as follows

1. Insured for $17500.00 or market value whichever is less

2. $500 basic excess with an additional $1000 (ie $1500) for theft and an additional $2000 (ie $2500) for single vehicle accident. So if I get run off the road I lose $2500 off my policy...
3. One free windscreen per year without paying excess or effecting no claim bonus
4. Can protect ncb but at a cost (havent found out how much yet)

I then got a quote from Shannons and their clauses read as follows:

1. Insured for agreed $17,500
2. $500 excess no matter what - theft, single car accident etc
3. One free windscreen per year as above
4. Automatic ncb protection after 3 yrs insurance without a claim - but indicated they may waive the 3 years and give it to me straight out

Cost is $1295.31 but they dont charge any extra for pay by the month and will take from credit card or bank account

Both let you choose your repairer.

Now an extra $360 in my pocket is one thing but I pay insurance to protect myself against what could happen, and I suppose when something happens the last thing I want is to be hit in the back pocket then.....

So to my point..... Which, in your opinion represents the best value???

I'd value your feedback peoples......

Thanks

mxysxy · Post by **mxysxy** » Mon Apr 04, 2005 5:04 pm

Kazbah,
If I have to chose between above two deals,
I would definately go with Shannon, and pay it monthly.
You pay for the insurance to cover your damage, if something goes wrong. However, paying $2500 seems to me paying for the damage itself. Anything over that price is almost a write off anyways.

Post by **kazbah** » Mon Apr 04, 2005 5:48 pm

Teania wrote:You might also want to try DAWES. They came in the cheapest for both Robert and I..... but I don't know if they do monthly payments.....

You can get a quote online. www.dawes.com.au

Might be worth a try.

Cheers
Tanya

Hi Tanya,

Yeah I got a quote from them too. They came in at $1148.61 plus 6% to protect ncb. Their excess is the same as Shannons and the windscreen option is the same but they dont do pay by month....

Post by **kazbah** » Mon Apr 04, 2005 7:08 pm

Well it's amazing what you can do when you pester and cajole (I know some people on the site have experienced this

) But for the same price I got Famous to get rid of the $2000 excess and reduce the theft excess to $500. They wouldnt come to the party about agreed value but said that they would pay for me to get a car as close as possible to what I have if mine should get totaled. I can also have one claim per year and not effect my ncb.... I'm happy.......

The moral of this story ....... Dont be afraid to ask!!!!

D-TRAIN · Post by **D-TRAIN** » Mon Apr 04, 2005 8:16 pm

kazbah wrote:Well it's amazing what you can do when you pester and cajole (I know some people on the site have experienced this ) But for the same price I got Famous to get rid of the $2000 excess and reduce the theft excess to $500. They wouldnt come to the party about agreed value but said that they would pay for me to get a car as close as possible to what I have if mine should get totaled. I can also have one claim per year and not effect my ncb.... I'm happy.......

The moral of this story ....... Dont be afraid to ask!!!!

I was just about to suggest that. I've done that with Famous as well, and came out smiling also. At the end of the day, if they are smart, they would do whatever it takes to keep a customer.

jonowong · Post by **jonowong** » Mon Apr 04, 2005 10:30 pm

i cant get insurance anywhere no matter how hard i try