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03-14-2014, 05:20 AM | #1 |
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Insurance
Just got my GIO insurance renewal, the buggers dropped the agreed price by 16k, increased the excess to $600 and kept the premium the same!
How does less risk equal the same premium? Premium was $2k. Went onto the compare insurance website and signed up with AI Insurance for half that, with choice of repairer, same excess and for less than 1k. If GIO hadn't tried to gouge me I wouldn't have gotten pissed off and left. Stupid buggers.
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03-14-2014, 06:03 AM | #4 |
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I got a quote from Shannon's, was $1790 a year driving it only on weekends. With HBF, daily use $990. I do get a discount with HBF though as we have full health cover etc, but its only 10%.
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03-14-2014, 06:10 AM | #5 |
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Looks like I am not getting value for my money.
But Con raised a very valid point. I never quiet understood how premium climbs whilst value decreases. One may argue that car value naturally decreases and the risk of breaking down increases therefore the insurance premium increases to make up for the probability of breaking down a year late being greater... |
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03-14-2014, 10:11 PM | #6 |
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Don't know, I was wondering if anybody else was using them. I put my brother onto it for his M3 after I signed up. I guess proof will be in the pudding when I have to make a claim.
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03-14-2014, 11:35 PM | #7 | |
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By-the-way, I don't work for Allianz.
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Last edited by aussiem3; 03-14-2014 at 11:51 PM.. |
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03-15-2014, 05:44 PM | #8 | |
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03-15-2014, 10:33 PM | #11 |
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Yeah, I get ripped off no matter where I go.
the only quote under $2000 was justcar. I think Coles / Woolworths were 3.1k each... All because I live in the city... |
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03-15-2014, 10:54 PM | #12 |
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About $700 a year US for my 08 E92 in Southern California for comparison.
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03-16-2014, 04:26 AM | #13 | |
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03-16-2014, 07:10 AM | #14 |
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Take the matter up with them. This is not right.
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03-16-2014, 08:10 PM | #15 |
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See the OP I've already left them for AI Insurance. Now paying $852 for 100k cover with a $600 excess. I'm 45 years of age.
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