Blunterbryn Posted 8March, 2014 Report Share Posted 8March, 2014 My suncorp insurance d is due for renewal.(only company that would insurance me when I purchased the car.) $1600 for a year. I have spent hours now doing online quotes and calling companies., which all these end with. Contact us or invalid car details mOr driver must be over 40!!!! We don't insure Porsches etc etc etc I'm 27' the car is a cayenne turbo, any recommendations? Cheers Link to comment Share on other sites More sharing options...
SteveF Posted 8March, 2014 Report Share Posted 8March, 2014 I'm with Shannon's and are happy with my insurance deal and they were easy to deal with. Mind you I am in a different age bracket and don't have a turbo. Give them a try. Link to comment Share on other sites More sharing options...
tazzieman Posted 8March, 2014 Report Share Posted 8March, 2014 Big discounts to silverbacks mate. Be patient! Link to comment Share on other sites More sharing options...
Caledonian Posted 8March, 2014 Report Share Posted 8March, 2014 I had the same problems when I was younger,however my problems were with a 1960's Mini Cooper….. Now that I can afford a Porsche (although it's an old one) my insurance is not that expensive, it is not a daily driver and it is a 35 year old car and i'm over 40. So probably not a great comparison to your situation, or is it? This is how insurers see things: 27 years old (Inexperienced driver ) Porsche "Turbo" (Crazy fast and expensive to fix) driven every day = HIGH RISK Over 40 (experienced driver) 35 year old Porsche (can't be that fast and should not be that expensive to repair) only drives it occasionally = LOW RISK Now there are other factors that come in to play when calculating a premium, such as where you live,driving record, previous claims etc. but basically insurance is gambling! Insurers take your premium (bet) and hope you don't have a claim (well at fault ones anyway) so the only way you can get a lower premium is to get older really quick (DO NOT DO THAT) or reduce your risk. I have worked many years in motor claims and i often get asked with policy/insurer i would recommend, they only advise I will give is when you are looking for insurance, look for the policy/cover that suits your needs, then compare prices with comparative products. There usually are some options that reduce the premiums, taking higher XS can reduce the premium but then you are at taking a bit more of the risk yourself (so do you feel lucky?) Try some of the specialist brokers, but make sure they still have the product to suit you needs. Unfortunately and regardless of your or the cars age, owning a Porsche always brings the comments and assumptions "If you can afford a Porsche you can afford the insurance,expensive tyres,high fuel consumption,repairs etc". the Porsche dealers certainly think this way Good luck and let us know how you go. Link to comment Share on other sites More sharing options...
Jimmy Posted 8March, 2014 Report Share Posted 8March, 2014 I think $1600 is not a bad premium considering your age and high performance car. Link to comment Share on other sites More sharing options...
withers Posted 8March, 2014 Report Share Posted 8March, 2014 I agree with Jim, that is not expensive at all when considering what you drive and your age. When I had the GTI Golf, I was getting $4000 quotes and at 35yrs of age rating 1. Link to comment Share on other sites More sharing options...
edgy Posted 8March, 2014 Report Share Posted 8March, 2014 $1600 pa for CTT at that age is good, I was paying a bit more than that a few years ago when I was your age for a diesel X5! Take it and run! Link to comment Share on other sites More sharing options...
Guest Harold Posted 8March, 2014 Report Share Posted 8March, 2014 I am paying circa $2600 (I think) for a new 991S from Porsche insurance. 60% no claim and older than methuselah Link to comment Share on other sites More sharing options...
Blunterbryn Posted 8March, 2014 Author Report Share Posted 8March, 2014 Cheers for the responses guys, I guess I'll stick with suncorp, being the only ones actually offering anything to me. FYI the cayenne is only used on weekends and sometimes in evenings, ( gotta love the 25litres per 100 ) Have another car I clock the kms on during the week for work. I was originally shocked with how cheap the $1600 was when I took the policy, imwas expecting Atleast double.. Just really pissed off only one company on market offers insurance. And here me wanting to buy a Maserati. Guess I'll wait till I'm 40 Link to comment Share on other sites More sharing options...
TINGY Posted 8March, 2014 Report Share Posted 8March, 2014 How about this, I have my car comprehensively insured with NRMA Classic Collectable, the renewal has just turned up in the mail, $154 with a $300 excess, I nearly fell over when I read it, the premium has gone down by $110, go figure. Link to comment Share on other sites More sharing options...
Eddy Posted 8March, 2014 Report Share Posted 8March, 2014 I use RACV and have no problems. I pay less than 1000. But I will pay 1500 if it is my fault. Link to comment Share on other sites More sharing options...
Steiny Posted 8March, 2014 Report Share Posted 8March, 2014 I insured with Suncorp my 997S 12 months ago as all the quotes I got on-line were way more expensive. Suncorp came in at $1100 comprehensive but when I actually called them they gave me a 15% discount because I had 2 cars with third party insurance with them. I paid $980 for 12 months which was a great deal. Just got my renewal today and the insurance has gone up to $1175 but they've reduced my vehicle value from$105K down to $88K. So I'm paying $200 more for $15K less value. I still think they're the best option but will be ringing them to increase the value cover. I think, each year, go on-line and get multiple quotes. Don't be concerned about changing insurance companies each year to get a better deal. Link to comment Share on other sites More sharing options...
ArthurK Posted 8March, 2014 Report Share Posted 8March, 2014 MB Prestige will insure you - They were the only insurance company to insure me when I bought the 993. I remember the night before I was going to be picking it up and all the insurance companies basically laughed at me saying we dont insure 27 year old driving porsches. PCM insured me with MB Prestige. It didnt even cross my mind when I was buying the car. I still use them today for the 991 Link to comment Share on other sites More sharing options...
OZ930 Posted 8March, 2014 Report Share Posted 8March, 2014 If your car is your weekend toy, Shannons offer a limited use Full Comprehensive policy. Options were 3 days per month or 3 days per week. The best part is that the days are cumulative, so what you don't use during one period carries over to the next. I did ask how they would keep track of vehicle use and they just said "we have resources" e.g. traffic cameras etc Link to comment Share on other sites More sharing options...
clutch-monkey Posted 8March, 2014 Report Share Posted 8March, 2014 I think $1600 is not a bad premium considering your age and high performance car. i've never been charged that much for an insurance premium in my life, and i've been with shannons with my 911 since i was 22. not even the GT3 cost me that much, though it was close! Link to comment Share on other sites More sharing options...
Caledonian Posted 8March, 2014 Report Share Posted 8March, 2014 Just got my renewal today and the insurance has gone up to $1175 but they've reduced my vehicle value from$105K down to $88K. So I'm paying $200 more for $15K less value. I still think they're the best option but will be ringing them to increase the value cover. I would recommend you check what type of policy you have "Market value or agreed value" and don't take for granted what the operator tells you, read your policy carefully. Suncorp recently launched a new policy range and the previous one could be a bit unclear around this subject. Link to comment Share on other sites More sharing options...
Guest Harold Posted 9March, 2014 Report Share Posted 9March, 2014 The excess amount greatly varies the premium. Link to comment Share on other sites More sharing options...
Steiny Posted 10March, 2014 Report Share Posted 10March, 2014 I would recommend you check what type of policy you have "Market value or agreed value" and don't take for granted what the operator tells you, read your policy carefully. Suncorp recently launched a new policy range and the previous one could be a bit unclear around this subject. In July 2013 they moved to AAI as the underwriters. When you take out a policy you can nominate an cover value between a predetermined range (at that time it was from 90-110K). You can up the agreed value but the premium costs more. I think it was about $300 to increase to the upper value. Might try MB Prestige for a quote. Link to comment Share on other sites More sharing options...
Steiny Posted 12March, 2014 Report Share Posted 12March, 2014 Ok - so the policy is whatever is listed on the document is the amount that SunCorp pays out. There's no negotiation with an assessor as to what the car might be worth in the event of total loss. This is a good approach because I've had the experience of trying to negotiate for the upper end of market vale. Anyhow, an increase of 10k equates to a $200 rise in premium. Affordable but still shopping. Link to comment Share on other sites More sharing options...
CarreraG50 Posted 13March, 2014 Report Share Posted 13March, 2014 Try this guy-: Joe WajnbergOperations Associate 119 Salmon StreetPort Melbourne Vic 3207Phone : + 61 1300 711 911 Fax : + 61 3 9645 4765 jwajnberg@porscheinsurance.com.auwww.alliance-group.com.au OR http://www.justcarinsurance.com.au/ I have no experience with the latter, however a young guy(24) I work with, got his MY13 WRX insured with them. Link to comment Share on other sites More sharing options...
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