Insurance quotes for Australian M3?

[mattclar]

I spoke to huddle a few weeks ago and they said they were gettin the M3 on their system and had a list of people to call once it was ready, I havent heard anything back.... has anyone else?!

 

[MichaelVorst]

GIO $1200 Parramatta region SR+

 

[jaykaye]

GIO $1200 Parramatta region SR+

At what excess?

 

[Jays200]

 

[m4rtin]

This forum is where insurance talk should go Insurance quotes for Australian M3?
I personally found AIG (via a broker) to be the best, apart from Comminsure who I don't trust

Why don’t you trust CommInsure?

 

[Candleflame]

one good thing about comminsure is also that they do not care where the vehicle stays (i.e. garage vs driveway) and that they do not care how many km the vehicle is driven.

 

[rdwlf]

Anyone found some good business registration insurance quotes in NSW? AAMI seems to be the cheapest I have found. NRMA was stupidly expensive

 

[Dakah3]

Just got my RACWA quote for SR+, $625 annual premium, with $600 excess for $72,000 agreed value.
Premium includes no claim bonus protection.
Pleasantly surprised , was expecting something over $1500 as haven't had car insurance in nearly 10 years.

 

[stedes]

Anyone found some good business registration insurance quotes in NSW? AAMI seems to be the cheapest I have found. NRMA was stupidly expensive

Aami was 3k for me for the P+ (1000 xs, garaged) with only named drivers (44 and 49 - clean licenses and full NC). CBA so far cheapest -around 2.2k

 

[rdwlf]

Allianz quoted me $5000 today for a garaged sr+ in sydney compared to AAMI of $1500. What a ridiculous difference

 

[Shrike_AU]

QBE $4,400 what are they smoking

 

[Danforged]

Just did the Insurance rounds.
FWIW the top three for me (Full comp, 2 drivers, 30+, no claims, Melbourne) in order were:
GIO
AAMI
CBA

Cheapest I could get was 1300 odd a year.

ANZ wanted to charge me 7k a year and were the worst by far

 

[Jas.S60]

Just did the Insurance rounds.
FWIW the top three for me (Full comp, 2 drivers, 30+, no claims, Melbourne) in order were:
GIO
AAMI
CBA

Cheapest I could get was 1300 odd a year.

ANZ wanted to charge me 7k a year and were the worst by far

Have you tried Suncorp directly (instead of going through GIO)? I was able to get mine done by about 200 dollars.

 

[m4rtin]

Just did the Insurance rounds.
FWIW the top three for me (Full comp, 2 drivers, 30+, no claims, Melbourne) in order were:
GIO
AAMI
CBA

Cheapest I could get was 1300 odd a year.

ANZ wanted to charge me 7k a year and were the worst by far

Assume this is for SR+ ?

 

[m4rtin]

Why don’t you trust CommInsure?

@thomasw ^

 

[Danforged]

Have you tried Suncorp directly (instead of going through GIO)? I was able to get mine done by about 200 dollars.

I tried them online and it was a fair bit worse.

Assume this is for SR+ ?

Yes SR+ sorry

 

[thomasw]

Why don’t you trust CommInsure?

Has anyone used them and had to claim?
I don't really know for sure but reading them it seems you get what you pay for in terms of service, lots of bad stories around and issues with claims (there is likely to be with any big insurer, so hard to say for sure they are worse, but from various reading it seems like it to me). And they don't allow choice of repairer, which concerns me. My crash repairer mate didn't recommend them but couldn't say much about them as he hadn't dealt with them much, presumably because his shop isn't is their 'network' or owned by them.

 

[dasn]

Whats everyone's view on market value or agreed value? Elon promised our Tesla would be an appreciating asset right? Right?

On a more serious note, which should I go for? Market or Agreed?

 

[OzVic]

And they don't allow choice of repairer, which concerns me. My crash repairer mate didn't recommend them but couldn't say much about them as he hadn't dealt with them much, presumably because his shop isn't is their 'network' or owned by them.

Strange, goes against the quote I've got. It says 'Choose your own repairer'.

The below is with $1700 excess and glass cover added. Performance. Market value (2 years new for old replacement).

 

[Tigger]

When I checked with RACV, they confirmed that the 'Market Value' policy provides new for old replacement during the first 2 years of ownership. If the car cannot be repaired, they will replace it with the a new car of the same model. If the model has been updated, then the replacement will be a new car of the updated version. If the car is discontinued, then they will try to find an equivalent, but if no equivalent exists they will pay out based on market value at time of accident considering age mileage etc.

Basically, you will get a new car and will only be left out of pocket if Tesla stops making the Model 3 within the next 2 years.

The insurance premium quote was a couple of hundred dollars cheaper at Market Value vs Agreed Value (at total cost including GST, LCT, delivery fee, etc.) Personally, I am planning to go with Market Value for the first 2 years then reassess the premium differential at that point again.