Steiny Posted 11July, 2014 Report Share Posted 11July, 2014 That sounds massive. I got full comprehensive with windscreen and 10,000km/year with agreed value for $1,1000. 2008 997. Which provider? Link to comment Share on other sites More sharing options...
Merv Posted 12July, 2014 Report Share Posted 12July, 2014 Suncorp and Enthusiast were almost the same price Wayne. Merv Link to comment Share on other sites More sharing options...
Simonk Posted 16July, 2014 Report Share Posted 16July, 2014 Don't get me started on insurance!!! My Clubby and 3.2 are with RACV so I thought I'd try them for the Cayenne and 996. No multi policy discount. Having multiple cars insured doesn't qualify!!! WTF!!! Cayenne comes in at $1,800. Add my name to the policy and it goes up to $1,980. Yes there's a $180 increase just for being a man!!! 996 comes in at $2,800. Add the wife's name to the policy and it drops to $2,600. That's 3 times the cost of the 3.2 which insured for $10k more. "So you're telling me a newer car, same driver, worth less, is 3 times the cost of my rare more valuable 3.2 even though the policies are identical?" "Well sir, we have more claim data on the 996 so it costs more."Ring Ryno but they weren't interested in a daily driveLumleys win the 996 at $1,900 which is still outrageous but what can I do? They quote the Cayenne at $2,800 so RACV get the Cayenne.When it comes down to it, there isn't a huge choice of insurers either, particularly if you want choice of repairer. Some won't insure if it's not in a lockup garage either. They normally tell you that once they've wasted 20 minutes with you getting all the details. "And the final question sir, will the car be stored over night in a lock up garage?" "No? I'm sorry we can't insure your car"Rant over... Link to comment Share on other sites More sharing options...
edgy Posted 16July, 2014 Report Share Posted 16July, 2014 I feel you ^^ I don't know why insurers seem reluctant to provide multi policy discounts... you'd like to think that you can bundle and save as well as keep things simple with one provider, but year in year out insurers just keep proving that it doesn't pay to be loyal. Link to comment Share on other sites More sharing options...
Coastr Posted 16July, 2014 Report Share Posted 16July, 2014 You guys need to move. Costs me about $600 to insure cars (admittedly not 991s) It's all in the postcode and the driver history. When I bought the Family wagon in Sydney the PO said he had a good deal at 1500. I then proceeded to get cover for same vehicle for $520. Link to comment Share on other sites More sharing options...
Simonk Posted 16July, 2014 Report Share Posted 16July, 2014 You guys need to move. Costs me about $600 to insure cars (admittedly not 991s) It's all in the postcode and the driver history. When I bought the Family wagon in Sydney the PO said he had a good deal at 1500. I then proceeded to get cover for same vehicle for $520. This gets me annoyed too. Mate of mine in Elwood pays the same for his Subaru Liberty as I do for my Clubsport in Bentleigh East. Who'd have thought Elwood was more prone to car theft??? Link to comment Share on other sites More sharing options...
edgy Posted 16July, 2014 Report Share Posted 16July, 2014 You guys need to move. Costs me about $600 to insure cars (admittedly not 991s) It's all in the postcode and the driver history. When I bought the Family wagon in Sydney the PO said he had a good deal at 1500. I then proceeded to get cover for same vehicle for $520. You are right about postcodes... they are really weird I have found, where I live its a good quite little area.. but as a whole (well the council it falls under) it aint the best, actually notorious for crime Yet, where my parents live is far more prestigious, housing prices are 3 times higher however is more expensive than my address? Go figure! Link to comment Share on other sites More sharing options...
Coastr Posted 16July, 2014 Report Share Posted 16July, 2014 It's all in the actuarial tables....those numbers don't lie. I don't think it is solely theft, some postcodes have more crashes as well- I suppose that is to do with traffic congestion and road design. Link to comment Share on other sites More sharing options...
Tit Posted 16July, 2014 Report Share Posted 16July, 2014 We have nrma multi policy discount on our dailies. They have been super easy to deal with for claims. Lumley's have the p-car though. Price aside... The real test is claim time. Btw...How accurate can actuarial tables be? The variation in quotes is often vast and non-sensical... Link to comment Share on other sites More sharing options...
sleazius Posted 16July, 2014 Report Share Posted 16July, 2014 Shannons, 2007 997 S, $2600 on non limited use. I've got 2 weeks to shop around but I'm sure I can do better than that. The thing that goes against me is my postcode is HUGE and there is a small high theft area under the same postcode. Link to comment Share on other sites More sharing options...
Coastr Posted 17July, 2014 Report Share Posted 17July, 2014 We have nrma multi policy discount on our dailies. They have been super easy to deal with for claims. Lumley's have the p-car though. Price aside... The real test is claim time. Btw...How accurate can actuarial tables be? The variation in quotes is often vast and non-sensical... All the actuarial tables do is tell you what the claims rate is like for a given postcode. It's up to the company then to price the risk based on the other factors (vehicle profile, driver profile, use restrictions etc). Sometimes a company will end up with too much business in one segment and so will start pricing up policies in that segment and pricing down policies in another segment to direct the flow of business in a particular direction, in order to better diversify their book. Just like the bookies at the races, when money flows into a particular starter, they'll change the odds on that one to slow down the money coming in and balance their overall book so they're aren't left holding the bag. The name of the game in insurance is balancing the amount of premium with the claims payments. If your paying out too much in claims you need to increase the premium. If you're pricing premium too high then your probably losing business. Insurance companies work by building up a pool of funds and investing it, not by trying to take in more premium than they pay out in claims. Link to comment Share on other sites More sharing options...
Tit Posted 17July, 2014 Report Share Posted 17July, 2014 Genuinely: Thankyou for increasing my knowledge! I hadn't considered those aspects. All the actuarial tables do is tell you what the claims rate is like for a given postcode. It's up to the company then to price the risk based on the other factors (vehicle profile, driver profile, use restrictions etc). Sometimes a company will end up with too much business in one segment and so will start pricing up policies in that segment and pricing down policies in another segment to direct the flow of business in a particular direction, in order to better diversify their book. Just like the bookies at the races, when money flows into a particular starter, they'll change the odds on that one to slow down the money coming in and balance their overall book so they're aren't left holding the bag. The name of the game in insurance is balancing the amount of premium with the claims payments. If your paying out too much in claims you need to increase the premium. If you're pricing premium too high then your probably losing business. Insurance companies work by building up a pool of funds and investing it, not by trying to take in more premium than they pay out in claims. Link to comment Share on other sites More sharing options...
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