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Shaun Luckhurst
Tinkerer
SA
TT

Posts: 18
Reg: 07-2005

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Thursday, January 20, 2011 - 08:03 pm, by:  Shaun Luckhurst (Pornus) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Hi,

My current insurer H2P (a subsidiary of RAA) has just increased my premium from $1100 to $2100 ($1000 excess and car valued at $8000) - absolute joke - only reason they give for the hike is the same old line "costs in the insurance industry have increased blah blah".

Now I think i've got an immobiliser fitted but probably not an Aussie standard one. If I turn the remote alarm on (Viper make) and just open the car without disengaging it (the alarm doesn't seem to work anyway since about 2 years ago - very quiet) I cannot fire up the car as it won't turn over when I turn the ignition, until I actually disengage the alarm using my remote then it fires up - I'm assuming thats because I have an immobiliser but maybe not? There's a flashing blue light under the dash when I engage the remote alarm.

What insurance company's should I be talking to that insure TT imports fully comp for reasonable prices?

Will these insurance companys all require an Aussie immobiliser to be fitted as H2P doesn't, which is why I went with them >5 years ago. And if yes how much approx. will an immobiliser cost to buy and fit by a qualified auto electrician?

I'm trying to work out what best to do as do not have too much disposable cash at the moment but I'm not prepared to pay $2100 fully comp as a 40yo with a rating #1 and no previous claims at all.

Help please!!!
David Grima
DieHard
WA
1JZ-GTE TT

Posts: 921
Reg: 07-2007

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Thursday, January 20, 2011 - 08:41 pm, by:  David Grima (Maltezr) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Shaun I suggest you fk them off immediately mate cause your getting ripped off hard! there are so many options out there now so have you tried to look around? I have never heard of H2P to be quite honest.

I currently am with LSV (Lumley Special Vehicles) formerly known as Torque Insurance and have been happy with them so far.... but saying that when my renewal comes in again for this year I may check out and compare Shannons as I have heard of only good things about them.

My last renewal (in 2010) jumped up about $100 bucks compared to the year before to just over $900 for full comprehensive cover to the AGREED value of 12,400 on my TT to give you an idea and I am 31 years old.

Have a read of this thread too to give you more ideas from other members insurers

http://soarercentral.com/sc-forum/messages/3442/20231.html?1281937460

just ring around, surf the websites and compare quotes and policies before you decide, but yeah get rid of the insurer your with cause for a 40 year old you should be paying peanuts compared to someone younger! Good luck with it all Shaun
Jan Christiansson
DieHard
NSW
Soarer V8 SC Manual

Posts: 533
Reg: 07-2005

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Thursday, January 20, 2011 - 09:04 pm, by:  Jan Christiansson (Janoc) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

I pay $82.42/months with Shannons and agreed value of $18.000 I live in Sydney and are 66 years young.
Brett Cutts
DieHard
south australia
UZZ31 V8

Posts: 722
Reg: 07-2008

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Thursday, January 20, 2011 - 10:08 pm, by:  Brett Cutts (Boof390) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

My v8 is about $450 and my tt was about $520 both agreed value for 12k with no alarms with shannons at age 37 with a couple of theft claims, mind you I do have 9 cars and a car trailer insured with them
We should all drive vintage cars for cheap insurance my 1927 chev went down to $72 dollars a year this year for $16000 agreed value including the club rego racing extension option.
Matt Newman
TryHard
QLD
soarer tt

Posts: 358
Reg: 11-2007

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Thursday, January 20, 2011 - 10:17 pm, by:  Matt Newman (Soarersrock) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

mate i pay $1100 for my tt with a 10k value and im 22 im with NRMA
Tim Ross
Goo Roo
Qld
1J + GT35-82R

Posts: 2208
Reg: 09-2007

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Friday, January 21, 2011 - 02:15 am, by:  Tim Ross (Retox) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

PM Sent Shaun
Tom Richards
DieHard
nsw
V8

Posts: 531
Reg: 08-2005

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Friday, January 21, 2011 - 08:36 am, by:  Tom Richards (Tomr) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

shannons best by far. free windscreen a yr, good service, and monthly rates.
Shaun Luckhurst
Tinkerer
SA
TT

Posts: 19
Reg: 07-2005

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Sunday, January 23, 2011 - 02:44 pm, by:  Shaun Luckhurst (Pornus) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Cheers guys. Moved to Shannons (they refused me 5 years ago for some reason) for an acceptable price.
John O'Brien
Tinkerer
NSW
jzz30 TT

Posts: 52
Reg: 11-2010

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Wednesday, June 08, 2011 - 12:20 am, by:  John O'Brien (Ziggy) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

It may be of interest to some to know that many insurance companies ( including the NRMA ) do not consider a car to be fully insured until the last monthly payment of the year is made.
They like it if you pay by the month cos if you crash your car and you've only made two payments they need only pay out 2/12ths of the agreed sum.
David Grima
Goo Roo
WA
1JZ-GTE TT

Posts: 1104
Reg: 07-2007

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Wednesday, June 08, 2011 - 12:30 am, by:  David Grima (Maltezr) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

yep very good point John...
Brett Cutts
DieHard
south australia
UZZ31 V8

Posts: 735
Reg: 07-2008

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Wednesday, June 08, 2011 - 12:34 am, by:  Brett Cutts (Boof390) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

I have had a couple of claims with shannons with monthly payments and have had no problems with a total loss payout. The outstanding balance for the premium on that vehicle was deducted from the final payout figure as well as excess but there was never any question of the pay out value
John O'Brien
Tinkerer
NSW
jzz30 TT

Posts: 53
Reg: 11-2010

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Wednesday, June 08, 2011 - 08:33 am, by:  John O'Brien (Ziggy) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

That seems a more civilised way to do it Brett. from what I've heard shannons seems to be one of the best.
Vincent Chan
TryHard
nsw
v8

Posts: 125
Reg: 12-2010

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Wednesday, June 08, 2011 - 08:56 am, by:  Vincent Chan (Vincent191) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

All my cars are with Shannons and I am happy with them.
Steven Anderson
DieHard
NSW
UZZ31 Manual

Posts: 610
Reg: 05-2006

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Wednesday, June 08, 2011 - 03:04 pm, by:  Steven Anderson (Cusscuss) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)


David Grima wrote on Wednesday, June 08, 2011 - 12:30 am:

It may be of interest to some to know that many insurance companies ( including the NRMA ) do not consider a car to be fully insured until the last monthly payment of the year is made.
They like it if you pay by the month cos if you crash your car and you've only made two payments they need only pay out 2/12ths of the agreed sum.




Uhh, thats a pretty wild claim, do you actually have any personal experience with something like that.
Joshua Rao
Goo Roo
WA
TT (for sale $5.2k), 97 Blk UZZ31, 97 JZZ30 vvti turbo white manual, 96 vvti turbo manual, Legnum VR4, MR2 sw20, Alfa 156

Posts: 2601
Reg: 09-2006

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Wednesday, June 08, 2011 - 03:56 pm, by:  Joshua Rao (Soaren1) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

mate a new installed immob will not cost much at all
Craig Webber
DieHard
Vic
TT and LS400

Posts: 913
Reg: 07-2005

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Wednesday, June 08, 2011 - 07:34 pm, by:  Craig Webber (Soarr) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

I have all three cars with Shannons.
1984 Wb V8 ute ,2005 Astra & full mod soarer all agreed
value, all up cost for the lot just on $1,400 dollars.
And also have house & cont/insurance with them.
David Grima
Goo Roo
WA
1JZ-GTE TT

Posts: 1106
Reg: 07-2007

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Wednesday, June 08, 2011 - 08:29 pm, by:  David Grima (Maltezr) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)


Steven Anderson wrote on Wednesday, June 08, 2011 - 03:04 pm:

Uhh, thats a pretty wild claim, do you actually have any personal experience with something like that.




Steve i didnt say that, John obrien did LOL
Matthew Sharpe
Goo Roo
North Island
JZZ31

Posts: 6366
Reg: 10-2005

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Thursday, June 09, 2011 - 04:21 pm, by:  Matthew Sharpe (Madmatt) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Never heard that one before! I did get screwed over once when I wrote off my Nissan at the start of a new year and lost $1000 for the rest of the years insurance, gone with the car - so I moved to monthly payments specifically to avoid that situation again.
Daniel Clarke
Goo Roo
NSW
TT 2.5L 6 cylinder

Posts: 6341
Reg: 03-2006

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Friday, June 10, 2011 - 07:16 pm, by:  Daniel Clarke (Dieseltrain) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Mathew , that wont fix the problem . If you have 10 months left on your policy at time of accident/claim , you will then have the 10 months worth of repayments deducted from your payout .

Doesnt work in the way your thinking . Otherwise it would be a monthly policy , which doesnt exist . You still have a 12 mth policy , but are paying by installments .
John O'Brien
Tinkerer
NSW
jzz30 TT

Posts: 54
Reg: 11-2010

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Monday, June 13, 2011 - 08:13 am, by:  John O'Brien (Ziggy) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Hmm ok it's been a while since I had anything to do with insurance companies. I've done a bit of research and it isn't at bad as I made out.
These days the general practice seems to be to deduct the remaining installments from the final payout.
Still the main point is there, that they are not required to pay out the full agreed sum until the last payment has been made.
Matthew Sharpe
Goo Roo
North Island
JZZ31

Posts: 6368
Reg: 10-2005

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Monday, June 13, 2011 - 09:24 am, by:  Matthew Sharpe (Madmatt) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)


Daniel Clarke wrote on Friday, June 10, 2011 - 07:16 pm:




Must be different in NZ then, as when they wrote off my UZZ30 I'm sure it was not at the renewal date, but they gave me the full agreed value.
Daniel Clarke
Goo Roo
NSW
TT 2.5L 6 cylinder

Posts: 6348
Reg: 03-2006

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Monday, June 13, 2011 - 12:05 pm, by:  Daniel Clarke (Dieseltrain) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Thats crazy Matthew though . Buy a car for a bargain , insure it fro crazy price , pay 1 mth , write it off , claim payout , BIngo , thousands in front ???

I though USA was crazy ,hehe .
Matthew Sharpe
Goo Roo
North Island
JZZ31

Posts: 6371
Reg: 10-2005

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Tuesday, June 14, 2011 - 10:26 am, by:  Matthew Sharpe (Madmatt) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

I wouldn't be that far ahead, my annual insurance bill even back then was only something like $700 a year - $60ish a month - now its more like $500 a year. Remember I'm an old bugger :-) I would have been 29 when then UZZ30 was written off.

May even be some part of my policy from having had insurance with them for so long? For example one I have "earned" is no loss of no-claims on own fault accidents, simply because I've been insured with them forever, and have hardly made any own fault claims.
Tim Ross
Goo Roo
Qld
1J + GT35-82R

Posts: 2381
Reg: 09-2007

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Sunday, June 26, 2011 - 12:47 am, by:  Tim Ross (Retox) Quote hilighted text Edit Post Delete Post Print Post   View Post/Check IP (Moderator/Admin Only) Move Post (Moderator/Admin Only)

Seems the quote button doesnt want to work for me... However in response to Johns statement of "Still the main point is there, that they are not required to pay out the full agreed sum until the last payment has been made."

An insurance policy is a binding contract between the insurer and the policy holder.

The insurer agrees to cover the vehicle as outlined on the policy schedule for a period of 12 months in return for a premium.

Pay by the month is nothing more an a option to assist clients with budgeting this expense. As mentioned above, it certainly does not mean you have a 'monthly' insurance policy. The term remains 12 months.

The fact is that if a vehicle is written off, the policy has served its function, and you have got exactly what you paid for.

If you had paid in full at the renewal/inception, you wouldnt be entitled to a refund of pro-rata premium... so what would make you think you dont need to pay the outstanding instalments? It is crazy for an insurer to demand owed monies from you (excess/remaining instalments) only to hand it back to you again in the form of a write-off payout, hence why the practice of deducting any amounts owed from the payout is widely adopted

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