Australian insurance quotes

[EcoCloudIT]

All the same I got with RACV but with $2k excess.... Before a 10% discount when I bought my other cars across came to $79 per month....after discount $71 per month.

I'm 45 (no under 30s), no accidents/claims, business use so overall it was pretty cheap for me.

-ECIT

 

[ColinA]

All the same I got with RACV but with $2k excess.... Before a 10% discount when I bought my other cars across came to $79 per month....after discount $71 per month.

I'm 45 (no under 30s), no accidents/claims, business use so overall it was pretty cheap for me.

-ECIT

Good deal ECIT! I've tried to get a quote from RACQ however they couldn't do it because the 2016 model is not on their system yet (even though of course the 2016 model is no different to the 2015). The guy is going to give me a call back next week when it is.

 

[EcoCloudIT]

Colina

Just ring during business hours and ask them to request an update via their underwriters....I had to do the same thing with RACV as they only had the 70D listed and not the 70 (they still had the 60 though)....go figure...

-ECIT

 

[JordanM]

I got the same story with RACQ Colin. The quote did come in cheaper than the others on the 2015 model so it's worth hassling them to get them to update their system. I'm going to hassle them again on Monday.

 

[rowdy]

Just had my first renewal for my P85. Was surprised how low the market values are now.

S60 $96,208
S85 $111,807
P85 $133,257

I was unsure how new-for-old would work now with the P85 discontinued (would I get an 85D or P85D?). Was able to switch to agreed value of $170k and am happy with that.

Really think market value is a bad idea with the continual increase in base prices. If your car is written off it'd be a big gap to get a replacement.

 

[cynix]

Really think market value is a bad idea with the continual increase in base prices. If your car is written off it'd be a big gap to get a replacement.

I always thought market value is calculated at the time of write-off, so if say market value was 100,000 when I purchased my policy, then 6 months later the market value goes up to 130,000 and the car is totalled, then I basically paid a really cheap premium to get 130,000 worth of coverage. Is that not the case?

 

[rowdy]

I always thought market value is calculated at the time of write-off, so if say market value was 100,000 when I purchased my policy, then 6 months later the market value goes up to 130,000 and the car is totalled, then I basically paid a really cheap premium to get 130,000 worth of coverage. Is that not the case?

Yes that's correct, but keep in mind $133k for P85 is the current Jan 2016 value (i.e. already factors in the price rises of last year). So if you were to crash in 6 months time and they decide market value has fallen to $125k then they will only pay you $125k. Agreed value is fixed for the 12-month term.

Difference in quotes wasn't too great. Market value $133k was $1600, Agreed value $170k was $2000. Insurer RACV

Just something to think about anyway. It doesn't hurt to ask the insurer what the market value is at the time of renewal. Then you can decide if you are ok with their figure.

 

[Wattup]

New for old for the first 2 years is a great feature to have in a policy. After that many insurance companies use Blue Book data or equivalent which tends to be low. Youi uses actual used car market transaction prices , that plus the 2 year new for old and a very competitve premium albeit with a high excess got them my business.

 

[MDK]

I just renewed my policy - and although my insurer (RAC WA) has a 2 year "new for old" replacement, if the exact model number is no longer available they will pay out the original purchase price instead.

To replace my P85+ (bought at May 2014 prices, with 90c AUD/USD) with an equivalent vehicle with the same options ticked would leave me between $20k and $40k out of pocket.

Increasing my agreed value by $40k only increased my premium by $120 per annum

If you own an S60 or P85 or P85+ at "launch" pricing I suggest you check your policy wording

 

[rowdy]

If you own an S60 or P85 or P85+ at "launch" pricing I suggest you check your policy wording

Looks like the 85kwh pack is being discontinued (already removed from Canadian store). So good advice for S85, 85D and P85D owners too.

 

[ColinA]

I just went with RACQ - 2 year new for old, free windscreen, hire car use etc. A good policy and much cheaper than the next best I could find. I did get a decent discount as my wife's car is also with RACQ.

One thing they confirmed too with the new for old, is that if my 85D gets written off, it will be replaced with a 90D. Happy about that, and I have it in writing.

 

[EcoCloudIT]

Exactly what I have Colin, other than RACV :smile:

-ECIT

 

[garyjac]

The wierdest encounter I had when insuring was with Suncorp. Get a load of this -- "We don't insure imported cars" I was inclined to ask what Suncorp will be insuring in about 3 years when there's no locally made cars. Yet, they have the Tesla Model S on their web site. They just don't accept risk on it. Went to RACQ as well. No problemo there.

 

[ColinA]

I found Suncorp useless. They told me they insure Tesla's, but despite the fact that I'd had a BMW and a Lexus and three houses insured with them over the last 8 years plus, because I'd had a minor at fault claim (a minor car park incident) nearly 3 years earlier they would not insure my Tesla. As a result they have now lost all my business.

 

[Damo11]

Choice of repairer is of utmost importance! I just reversed my P85D into the car park wall, and it has damage to the rear quarter - not a lot as it was only while parking. After a call to Tesla, I was told that there is only one repairer in NSW. So far the quote is $26,500 but they have found more damage underneath so waiting on the assessor... Youi have been great so far. I really wouldn't want the insurer dictating who the repairer will be!

 

[Wattup]

it has damage to the rear quarter - not a lot as it was only while parking. the quote is $26,500 !

This is terrible news for all of us. If it was a minor bingle and costs a whooping $26k to fix then I can expect my premiums from Youi is skyrocket if this is their experience. There are lots of threads on the US forum about Tesla nominated repair shops charging huge prices. Tesla need to get their head out of the sand and get lots of repairers approved so there is some price competition.

 

[raynewman]

This is terrible news for all of us. If it was a minor bingle and costs a whooping $26k to fix then I can expect my premiums from Youi is skyrocket if this is their experience. There are lots of threads on the US forum about Tesla nominated repair shops charging huge prices. Tesla need to get their head out of the sand and get lots of repairers approved so there is some price competition.

I sustained some damage from a hit and run at Stafford City car park. Luckily it was limited to the bumper. At that stage, Tesla didn't have a Brisbane repairer; they had one they had used before (who wanted 'prox $1500). I got the job done for $300 and have passed the name of that repairer on to Tesla. It isn't necessary to use Tesla repairers.

 

[Damo11]

I think so. The repairer they recommend specialise in Lamborghini, Aston Martin and Porsche so the price was expected. Interestingly I assumed it would be the first Tesla that they have done, but they laughed and said that they have 3 others being repaired as we speak.

 

[paulp]

I sustained some damage from a hit and run at Stafford City car park. Luckily it was limited to the bumper. At that stage, Tesla didn't have a Brisbane repairer; they had one they had used before (who wanted 'prox $1500). I got the job done for $300 and have passed the name of that repairer on to Tesla. It isn't necessary to use Tesla repairers.

For scratches and small dents the mobile repairers generally do a great job cost effectively.

 

[reemo]

I am now insured with RACV for $1500 premium with $2000 excess including glass cover.

My car is an 90 which didn't show in their system so the underwriters advised consultant to insure as P85D with market value $148k and they put a note policy that my car is actually a 90.

AAMI quoted me a premium of $3815 which was a big surprise.