Hi guys,

I've been lurking in these forums for a few days now, which I stumbled across while looking for accessories for the RX8 I'm about to order. Lots of good content here. :)

One thing I'm not confident on is who I should insure the car with. I've heard good and bad things about a few insurers, and I'd rather benefit from all your experiences than find out the hard way myself.

Thanks!

Mauzl

Don't go CGU, today I had a conversation with them where they exhibited deceitful behaviour to try to get me to use one of their "preferred repairers" and deliberately misinterpret their guarantee, and when I read out their "guarantee" word for word they quickly changed the subject.

I believe CGU, Swann, NRMA/RACV are all owned by IAG - and there a raging court battle going on between NRMA & panel beaters in NSW over thier policy of no choice of repairer and no OEM parts g'tee.
You get what you pay for i suppose!
Anyway, i would suggest GIO, Suncorp, AGI, Shannons (If your car is going to be modified), APIA (if you are over 55) or any other insurer that guarantees OEM parts, provides choice of own repairer and no getting 3 quotes for repair.
Read the Product Disclosure Statement for each insurer that takes your fancy - they can't hide any bullshit in there. :D

im with shannons, and very happy with it :D
of course it all depends on your location/driving history etc :rolleyes:

Rix red8, the court action is interesting, do you have a reference for it?

As we speak i am righting a letter of complaint to CGU regarding this, pointing out that there is no mention of "preferred repairers" in their policy thereby limiting the choice of the insured. I'll be cc'ing this letter to the insurance ombudsman so hopefully they won't laugh it off.

Thanks for the advice guys, all of the info is news to me. :)

I'm 23 years old, so I may have some trouble acquiring insurance if I turbo/super the car at some point. Not long ago I started an IT security company which is going quite well, so I can finally afford an rx8!

I thought Shannons only did classics. My old man has restored a 1924 Oakland Tourer, an Austin 7, and a couple of 1920s tractors, and he insures his stuff with them. Good to see they'd do something like this, though. Would they take someone on of my age?

Thanks again for the help everyone, I really appreciate it. :D

A

I'm with Suncorp Metway - been very happy with the service so far in 9 months of owning the car.
Reasonable price (almost the cheapest)
Two year New Replacement policy

Had to use them twice for two not-at-fault repairs. Got my choice of repairer.

You'll find some insurers won't insure you at all for the stock car let alone modified until you're over 25.

For more info on insurance hassles, see http://www.rx8club.com.au/forum/viewtopic.php?t=284.

Good luck and hope you get a premium that doesn't scare you too much. :)

Shit!

I just got a quote back for some Mazdaspeed parts from a dealer, the spoiler was $3900 and the side skirts was $3500. Eesh. I think I'll be looking at alternative body kits. :mad:

Shit!

I just got a quote back for some Mazdaspeed parts from a dealer, the spoiler was $3900 and the side skirts was $3500. Eesh. I think I'll be looking at alternative body kits. :mad:

hehe - either that or decide that the stock body has grown on you. ;) :D

I got a $1500 insurance quote from Justcar, so it balances out a wee bit. Still....

I think the rear of the car looks unfinished without a spoiler. I must have one! I'm ordering a stock one for now, I may get a new one in 6 months time or so. The stock one looks nice on Omicrons car, and my accessory selection is a bit similar to his.

Cheers!

M

I got a $1500 insurance quote from Justcar, so it balances out a wee bit. Still....

I think the rear of the car looks unfinished without a spoiler. I must have one! I'm ordering a stock one for now, I may get a new one in 6 months time or so. The stock one looks nice on Omicrons car, and my accessory selection is a bit similar to his.

Cheers!

M

See I'm the opposite, I have side skirts and the front air dam but no spoiler. I think it conflicts with the lines of the car.

Mauzl
Before you make any final decisions about insurance, do a search of the Australian Forum for 'insurance'. It should take a couple of hours to read the results but there's a pile of great experience there and it's worth the time.

Ron

I thought Shannons only insure if the car is not for regular driving and you were part of a specialist car club.

I am with GIO. Cant comment as I have luckily not had to use them.

Andrew

I got a $1500 insurance quote from Justcar


Curious how you got a $1500 quote from Justcar considering you are a 23 year old male?

Curious how you got a $1500 quote from Justcar considering you are a 23 year old male?

He's promised not to drive it! :p :D :D

Curious how you got a $1500 quote from Justcar considering you are a 23 year old male?

I'm also curious too, i already tried them and as far as i can remember they wouldn't insure me because the cars value was too high for someone under 25.. similar story for young and cool. I'm just 24 and the ONLY one i could find who would even insure me was NRMA which is 2500 a year with an 850 excess parked in a gararge in Canberra.

With the shit-fight going on within the industry right now, avoid NRMA like a hole in the head.

The way they are screwing up everything right now, you better steer clear of all the heat. Would be a shame getting caught up in the mess they have caused.

GIO are the same as Suncorp.

I started off with AAMI as they were significantly cheaper (and wasn't too concerned about the lack of repairer choice). Last renewal I switched to Suncorp as they were only $25 dearer and I get choice of repairer.

I've only ever had one insurance claim and it was for home and contents with Suncorp. They were extremely easy to deal with and even waived my excess when I elected to do some of the minor repairs myself as some stuff that was damaged as about to be renovated. Only thing to watch with them is the renewal cost. I've heard of situations a few years back where people have had renewals higher than if they quoted as a new customer... so it pays to double check every year.

I'm with AAMI and I would recommend them. Competitive premium. The catch is that my car is not insured for under 25's, so they might not insure you. I've had to make 2 claims in anger already, and the whole process was a breeze. Not so good that I plan on making any more claims in the near future, but much less painful than I anticipated.

I'm with AAMI and I would recommend them. Competitive premium. The catch is that my car is not insured for under 25's, so they might not insure you. I've had to make 2 claims in anger already, and the whole process was a breeze. Not so good that I plan on making any more claims in the near future, but much less painful than I anticipated.

they wouldnt touh me with the 8 or my last car simply because im under 30 :rolleyes: and even if i was 30, they premium would be on the wrong side of $8K anyway :rolleyes:

Greetings All
Ours is insured with NRMA - has been since new as they were the only mob capable if insuring a $70,000 car for $1,000.

2 years later the agreed value is now $53,900 and NRMA wanted about $1000 again so they got the job - I have just paid the extra $70 to nominate my own repairer on this policy - and you can take it anywhere YOU choose - no argument - so it is $70 well spent. Our other 2 cars have been with GIO for years but the best they could do for the RX-8 was $1400+ and an agreed value of only $49,000 so they naturally didn't get the business on the RX-8 this time around.

This is on the NSW Central Coast so of course anyone in the centre of a city is going to pay more - not sure where you are Mauzl but shop around and you might save a $ or two !

Enjoy the car - we sure do.
Regards
Jeffneil

I'm 22yr old female, wif Justcar $1170 rating 1

OK MissRX8 how do you get a RATING ONE at 22, have you been doing dodgy tax returns for an insurance clerk? :rolleyes:

My fiancee works for insurance company :)

Hehe... AAMI started me off wit rating 5 instead of 6, because my parents are rating 1.
So...
18yrs old = rating 5
19yrs old = rating 4
20yrs old = rating 3
21yrs old = rating 2
22yrs old = rating 1

Not to hijack this thread, but which insurers will also cover you for 'track days' and the like? I'd like to take my car onto the track at some stage (once I find out how/where to do it!) and my current insurerer, western QBE, won't do it. I've heard Allianz is pretty good?

Try Shannons

My fiancee works for insurance company :)


Has there been an announcement I missed? :o :( :confused:

Cheers,
Hymee.

No Missed Announcement,

Kalli has many fiancees and is well known at breaking hearts here on the forum :D

I'm 22yr old female, wif Justcar $1170 rating 1

Yeah, my final premium was about $1400 including all my extras. I'm 23, rating 1, no felonies. :D

If I put a supercharger in, my premium only goes up $300 a year! I found that pretty surprising. Its a bit sus, so I think I'll go over the fine print before I sign up.

Cheers,

M

Yeah, my final premium was about $1400 including all my extras. I'm 23, rating 1, no felonies. :D

If I put a supercharger in, my premium only goes up $300 a year! I found that pretty surprising. Its a bit sus, so I think I'll go over the fine print before I sign up.

Cheers,

M

If you want the catch to Just car insurance here it is.....
They insure for market value NOT agreed value, this means if you write your car off 99% of the time you will be left with a hefty payout figure ($10,000 +) on your finance. Additionally the market value is less luxury car tax, stamp duty, registration and any other costs that are NOT part of the actual price of the physical vehicle itself.
Yes the insurance is cheap, however if you have a large claim in the event of a write off, keep in mind that you will be substantially out of pocket.

Cheers

If you want the catch to Just car insurance here it is.....
They insure for market value NOT agreed value, this means if you write your car off 99% of the time you will be left with a hefty payout figure ($10,000 +) on your finance. Additionally the market value is less luxury car tax, stamp duty, registration and any other costs that are NOT part of the actual price of the physical vehicle itself.
Yes the insurance is cheap, however if you have a large claim in the event of a write off, keep in mind that you will be substantially out of pocket.

Cheers


Thats correct. The 1 thing i dont like about justcar is that its under market value, and they seem to tip the figure bit lower then the norm. When my car got re-insured this year, I got quote from another company and the market value they were going to insure it under was higher then that of wat justcar stated on my form...... well rang em up and they bumped my market figure up a bit and bit more then wat the other company was offering. Excess is still less then wat I was told at the other insurance.

The other thing with justcar is that doesnt it mainly offer insurance to people with modded cars? so thats sort of a catch isnt it? they offer lower premiums to get people with modded cars to go with em. Also I believe since the target market would be the under 25s, id like to think the premiums are a bit better priced. The other insurance company quoted me $2000 rating 2, and I hadnt even told them my mods, they ask me would u like to continue? Im like but i havent told u my mods, they say well u will continue and tell us. yer rite.. then my premium will be $3000.

I figure 2 more years until i can sift to another insurance company.

But even tho i am rating 1 wit justcar, its not a rating 1 protection. Not like AAMI offers rating 1 for life. I had to pay $35 for the protection. Which just means that if i claim this yr my rating wont drop next year. All my mods are covered also.

I heard Justcars treat claims badly.

I only had dealing with AAMI for cliams and they are not good repairs. Talking colour matching a white car and they could not do it and insist it is the same colour; and I have to sell the car with a different colour at the rear bumper. Lucky the buyer did not notice :p

Everyone has a bad insurer story. If you believed 'em all you'd be left with no-one to insure with.

Let's face it, insurer's are in it to make money off you, not look after your best interests.

It's up to you to do the research on the best policy options for you and then pick the premium you can best stomach. Everything after that is details that will vary depending on individual branches and claims personnel.

I've found there is no substitute for taking an active interest in any claim you lodge and keeping them up to the mark on the repair outcome by complaining loudly should the work be sub-standard. Of course, it helps once you get a bit older (there's got to be something good about it!) as you get treated a bit more seriously.

Well taka i have no choice
Its limited as to who will insure under 25s with powerful cars

That is so true Revolver and I think I get the insurance to make sure I got covered when an idiot hit me when I park my car.

Car insurance... How to rationally think about insurance, from the punters point of view...

I'll bet you $(premium) amount that I (car owner) will make a claim this year. If I don't make a claim, you (insurance co.) win the bet and keep my money. If I do make a claim I win the bet, but I'll pay you $(a whole bunch more in excess) as well, and you'll fix my car for me. Also, if I win the bet, you won't let me bet next year unless I make a larger bet.

Cheers,
Hymee.

:duck: :D

(sorry for the satire)

..and then there is a hail storm...:(

There's not too much satire in that Hymee.

Insurance is just risk management. another word for risk management - gambling!! ;) :D

hehehe, I bet the tax man $$ each year that I've paid him enough to leave me alone.

Car insurance... How to rationally think about insurance, from the punters point of view...

I'll bet you $(premium) amount that I (car owner) will make a claim this year. If I don't make a claim, you (insurance co.) win the bet and keep my money. If I do make a claim I win the bet, but I'll pay you $(a whole bunch more in excess) as well, and you'll fix my car for me. Also, if I win the bet, you won't let me bet next year unless I make a larger bet.

Cheers,
Hymee.

:duck: :D

(sorry for the satire)

It hurts, but I can't really afford to live without it. Maybe I should start an insurance company, then maybe I could. :D

M

I so <3 my new 8.

Its so sleek inside, and outside.
The screech of the intakes makes the car sound so awesome.
The power range is unbelievable, from the couple of times I've allowed it over 3krpm.
Its just.. omg. Wicked!

M

Welcome to that special place....I can see the silly grin from here ;)

hehe, always nice to see someone in love... ;) :D :D

Getting some photos today. I got out of the car when parking it and stopped to admire it (top floor of highrise carpark) and it struck me as a great spot. I'll post them soon.

M