Am I being ripped off? - Page 2

Josh_XC · 20-10-2007, 12:54 PM

Quote:

Originally Posted by Mr_4.0

my car is full comp.

$68 a month and $800 excess.

geez guys....... and im only 22.

thats with RACV. some ppl are getting ripped!

Im pretty close to that. im 78 dollars a month and 860 excess. And im 21 and got a BF XR8. I had to do a advanced driver course which i loved anyway, to get this price form my insurance.

old_phoon · 20-10-2007, 01:28 PM

[QUOTE=fairlane_ghia]I haven't spoken to them just yet.

As for my details, they aren't aware that the car has been lowered yet.

You should make sure any insurance company are aware of your mods - particularly lowering a car. You run a very real risk of having any insurance claim rejected if you haven't told them.

FRDXR6 · 20-10-2007, 01:32 PM

Quote:

Originally Posted by DRHEMI

Try Budget Direct, Young and Cool, GIO, I think CGU have a modified car policy now, unsure what its called though

Well the premium still be $620 with $300 excess when you start driving the car after you get your licence back?

As all i can see their risk at the moment is a car which is parked at your house?

I Believe Young & Cool now comes under Famous Classic Car Insurance (i.e. Dawes).

How did i find this out? I had a policy with FCCI which i wanted to cancel. As per polciy booklet i sent them a signed letter outlining the cancellation. Three weeks pass and i wonder why i havnt heard from them. So i call them up and a message plays informing me Young & Cool has merged with FCCI, ok thats all cool. I explain to the operator about my letter and she says "...oh it probably got lost we moved to NSW from Perth" even though their website at this stage still had their WA postal address and they made no effort to inform policy holders of the change. So she gives me a number of some guy to call to cancel, i send him the letter again. Two weeks pass i call and he sais he never recieved my email :togo: . So i sent it again and then a week later i get a confirmation saying my policy cancelled. Great i think, then i read on oh if you want the outstanding amount of your premium refunded contact this guy (no numbers or address just a bigpond email address). So I am now in the process of chasing this guy down for my refund!

This is the biggest load of ever dealing with these people!

\END OFF-TOPIC RANT

Josh_XC · 20-10-2007, 01:32 PM

Quote:

Originally Posted by old_phoon

You should make sure any insurance company are aware of your mods - particularly lowering a car. You run a very real risk of having any insurance claim rejected if you haven't told them.

Yeh that was my one condition if i mod the car i have to tell them. Its just a simple phone call but can save you an insurance claim rejection.

NAPARM · 20-10-2007, 03:13 PM

[QUOTE=old_phoon]

Quote:

Originally Posted by fairlane_ghia

You should make sure any insurance company are aware of your mods - particularly lowering a car. You run a very real risk of having any insurance claim rejected if you haven't told them.

All depends, not all companies check out the cars they are paying claims on.
I got a car repaired a few years ago that was lower than the insurance company would allow and i had no dramas.

Allen · 23-10-2007, 02:48 PM

It was my intention to notify them of the mods, I simply never got around to doing so.

I spoke to Just Car insurance and they told me the reason for the increases was simply due to me being in a higher risk age/sex group... Jerks...

Anyway, I now have full comp with Shannons, who were fine with my age/driving record/mods etc, and it wont cost me much more than what I would be paying from Just Car insurance for their 3rd party cover.

So, to answer my own question; Yes I was being ripped off.

**Polyal** · 23-10-2007, 02:54 PM

Quote:

Originally Posted by fairlane_ghia

It was my intention to notify them of the mods, I simply never got around to doing so.

I spoke to Just Car insurance and they told me the reason for the increases was simply due to me being in a higher risk age/sex group... Jerks...

Anyway, I now have full comp with Shannons, who were fine with my age/driving record/mods etc, and it wont cost me much more than what I would be paying from Just Car insurance for their 3rd party cover.

So, to answer my own question; Yes I was being ripped off.

Good to hear you have it sorted.

Shannons are excellent, I had to end up finishing the conversation last time I called as he was that interested; well worth it, and you get so much more with them. Free windscreen claim, choice of repairer etc etc.

Yaw · 23-10-2007, 05:38 PM

Age brackets are one thing, but what a lot of people don't realise also is that reinsurance in the last 12 months has risen over 30% for insurers, so the cost also gets passed on to the consumer, when talking about home insurance the reinsurance on that has risen over 40% in the last 12 months.