Jump to content
car insurance premiums
7 replies to this topic
Posted 26 February 2013 - 08:20 PM
I've just gotten the renewal letter for our car insurance. We've had the car nearly a year and it's the first we've owned in years, so I'm unfamiliar with the norms for insurance like this.
Anyway, the excess for any claim has gone up from $600 to $625.
The premium has gone up from $753 to $808.
I guess I expected increases, but not for increases and the excess to change. Is this a usual sort of change?
This is for a secondhand car that cost $15,000 last year. We haven't made any claims.
Posted 27 February 2013 - 06:05 AM
It's common for insurers to do this - it wouldn't hurt to to a couple of online quote comparisons just to be sure you're getting a decent deal.
Posted 27 February 2013 - 10:02 AM
Thanks foxy_feline. I'm out of touch with what is common practice.
Posted 27 February 2013 - 10:57 AM
Car insurers base their premiums on a wide range of factors. I had a very insightful conversation with an insurance employee last year, basically told me that they gather huge amounts of information on cars - their repair costs etc and the area in which you live -whether it has a high incidence of car theft or car accidents. Thus, the information is changing continually and that's why premiums can fluctuate year to year. I always do at least 5 or 6 online/over the phone quotes each year for each type (except Health) insurance that I buy.
Posted 28 February 2013 - 06:11 PM
That sounds like a huge excess to me! I thought the norm was 300.00 - 350.00??
Posted 28 February 2013 - 08:09 PM
did you have any claims during the year? My excess went from $500 up to $625 with my renewal but I had 2 claims during the year (1 my fault and 1 someone hit me while I was parked and didn't leave details)
Posted 28 February 2013 - 08:16 PM
My premium went up about $140 from one year to the next. I rang around and found it was competitive so thought nothing more of it.
I rang my insurer the day the payment was due to ensure they had the right credit card details, and since I called the consultant 'looked' at my premium to see if I was getting a good deal, and knocked $150 off it on the spot.
Sometimes it is worth questioning it with your insurer.
Posted 28 February 2013 - 08:30 PM
My excess increased to $625 this year with RACV I can't remember what my premium was last year, i think around $700. It was $774 this year.
$28,400 agreed value
1 user(s) are reading this topic
0 members, 1 guests, 0 anonymous users
Complete to online survey and let us know your views on health and fitness to win.
Everyone loves a personalised Christmas present - especially those which have been lovingly created by little hands. These Christmas gifts are so easy that even your toddler will be able to make them.
Our friends at The Sun-Herald are giving you the chance to win a family pass to Taronga Zoo Sydney or Taronga Western Plains Zoo.
I?m not ready for my son to stop believing in Santa yet. But should I treat him like the intelligent and sensible boy that he is and tell the truth, or should I lie, with the good intentions of keeping the magic alive for just a little longer?
More than half a million lights, countless hours of work, a world record - and it's all for a good cause.
Doctors made a shocking discovery when they found a dandelion growing inside 16-month-old?s ear canal.
Introducing the new campaign to help mums and babies around Australia.
Despite safety campaigns by organisations such as Kidsafe, the number of children dying and being injured in driveway accidents has remained steady. One mother shares her story of loss and warns others to pay attention.
Got bored kids? Quickly find the best activities for kids wherever you are in Australia with the Essential Kids app.
Fitness blogger and football wife Caroline Berg Eriksen has come under fire for posting a photo of her amazing post-baby body on Instrgram just four days after giving birth. She has defended the picture saying she is "proud" of what her body has achieved.
A pregnant woman had her baby taken by British social workers after a forced caesarean section - and the child has still not been returned to her.
When kids want something, they'll ask ... and ask ... and ask ... until you cave in. You can teach them to unlearn this annoying tactic by saying just three words.
Babies love getting their little gums around keys - but these ones are cleaner and more fun than the set on your key ring.
Top 5 Articles
Join Essential Baby and Aldi in celebrating Chrismas, with gift guides, the truth about Santa and how to manage christmas while pregnant + lots more.
Breaking Bad, The Great Gatsby and Game of Thrones are all inspiring baby names in the UK this year ? but royal names are on the decline.
To celebrate the launch of this gorgeous new baby skincare range, Essential Baby is giving our readers the chance to win one of ten Little Bairn Essentials Gift Packs.
For a limited time you can save 50% off when you gift unlimited access to The Age or SMH. It's the gift for those you love, who love to know.
Weird poses, surprise photobombs, bizarre editing: these are the wedding photos that should have never seen the light of day.
Get Christmas sorted with this prize bundle of a Playstation3 and Puppeteer game + a PSVita and Little Big Planet game. Enter Now!
Kids love their PILLOW PETS by day and are comforted sleeping with them by night. Enter now for your chance to win!
Here's a selection of vintage boys and girls monikers which have traditionally been used as either nicknames or given names, from the 1880s through to the 1950s.
Free Printable Activities
Free printable acitivity pages like colouring in, cutting, word finders, mazes, maths activities and puzzles.