Greetings All,

Well as a lot of us have now had our RX-8s for about a year it is now insurance renewal time. I got mine today and thought '$57,000' before I opened the letter to find it is actually an agreed value of $58,340, so I was close.

Now I knew it would depreciate but does that sound like a reasonable amount ?(from nearly $70,000) . This is for a car garaged on the Central Coast north of Sydney with a 65% ncb through NRMA. Cost is $1102 - down from $1300 last year.

Can people in NSW let me know what they are being quoted as a renewal value please.

Perhaps they most annoying thing about NRMA is that they keep saying that the leather pack is an option - so listed as options are things like the leather trim which as I told them last year is wrong as the car is standard in this form. Perhaps they are looking at the Wheels magazine listing - they too ignore the leather pack models completely in their price list. I only went with them in the start as they were the cheaper than GIO who handle our other cars. Might need to ask GIO what they would charge.

Regards
Jeffneil

 

I got my letter from Shannons about a week ago, the agreed value was $58k, down fom $64k.

 

dbb how much you paying at shannons?

I have not had my car for a year yet but im paying $3400 yearly Agreed value is 60k.

I will be 25 next year though so lets hope it drops.

Regards
Phillip

 

I'm paying around $1000. Dress circle suburb, parked off street, alarm, rating 1 driver.

 

Adelaide compared to Sydney is amazing

 

/* start city war*/
Yeah, better food and wine, better pubs, less traffic. Nice place to be.
/* end city war */

 

oh my god... hehe

I pay for $1300 garaged. I suppose it will get less next year and GIO apparently very good. Tell you in Nov time

 

I get 20% discount at NRMA so I only pay $820

 

I have 65% no claim bonus at NRMA for that price. NOt very happy but i did expect it.

 

Worth talking to AAMI when you're considering insurance. They have a sliding scale of premiums depending on what excess you wish to nominate -- anywhere from standard $450 excess to a max of $2000.
I am over 25 and have a 60% no claim status. GIO quoted me approximately $970 for an agreed value of $60k with $450 excess and $450 sports car penalty. AAMI quoted $855 for a $450 excess and no sports car penalty. I'm paying $455 with a $2000 excess for an agreed value of $60k.
AAMI will also recognise other companies no claim status. I have had a 60% status with GIO for three years so AAMI, in my first year with them, has automatically given me 70% no claim status for life regardless of the number of claims I make.
It's worth talking to them.

 

Sorry. Meant to say in the last post that the car is a leatherpack and is garaged in Canberra.

 

I don't have agreed value, but if it gets written off within the next 12 months, I get a new one. So I suppose it doesn't really "depreciate" like that in insurance terms.

About $1000 with SuncorpMetway. Excess is a bit heafty, and no under 25's

I always thought agreed value was a better option for older cars, particularly for ones that are restored / good condition / rare.

Shannons is good cause you can get some sort of limited track coverage from what I understand. But it is limited to like $25k or something for an on-track incident. Correct me if I am wrong - just digging deep into the memory banks there.

Cheers,
Hymee.