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Coles Car Insurance - Pick Your Price

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Coles Car Insurance - Pick Your Price
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frondono on 15/10/2015 - 12:24 financialservices.coles.com.au (966 clicks)
Last edited 15/10/2015 - 16:12 by 1 other user

I'm not sure if this qualifies for a deal, but my last hack? was pretty popular after someone else posted it as a deal.

Coles car insurance will basically let you pick your price as long as you don't get too greedy.

I recently changed over and saved $400 on my annual premiums.

steps:

start quote

when you come to the question: Who is you current or recent insurer? select: I don't know

fill out the rest

when you come to the end with the quotes, down the bottom it will say: apply for price beat guarantee. click it

this is where the fun starts, type in the price that you deem worthy and see if it accepts, I tried 3 times and it accepted all 3 times and I finally settled on the last one as it was a pretty good deal and I wanted to lock it in.

Flybuys card holders look to benefit greatly as well.

Mod: Proceed at your own risk, as per terms of service: "The price beat guarantee in the relevant Offer will not apply where WIL determines that there is insufficient evidence of the proposed renewal premium amount or, if applicable, the existing premium paid or payable. Without limiting this, WIL may require you to provide your renewal notice with your current insurer and/or your current insurance policy as evidence of the amount of premium paid or payable. If WIL requests that you provide proof of insurance then you must do so before the end of 7 days of the request."

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  • jv on 15/10/2015 - 12:25
    +1

    This belongs in the forums

  • openmp123 on 15/10/2015 - 12:25
    +1

    but they are shit

    • harryzee on 15/10/2015 - 12:27

      Based on what?

    • 51ngh on 15/10/2015 - 12:29
      +2

      Negative. Me and my wife had had a claim each and they were fine to deal with !!
      They even had our preferred smash repairer covered.

      • BuyoTheCat on 15/10/2015 - 12:37
        +21

        did you run into each others car?

        • nocure on 15/10/2015 - 12:41
          +1

          Doubly jeopardy.

        • 51ngh on 15/10/2015 - 12:45
          +1

          lol, good one !

      • dealman on 15/10/2015 - 12:41

        Ditto,
        They covered my preferred smash repairer, no problems whatsoever

  • [Deactivated] on 15/10/2015 - 12:30
    -1

    horrible deal.
    not worthy a post

  • blahman on 15/10/2015 - 12:31
    -1

    You'll pay for it on the next renewal cycle

    • frondono on 15/10/2015 - 12:32
      +12

      there's no loyalty in insurance anymore, that's why I changed.

      • locapez on 15/10/2015 - 13:07

        I've been with coles for 5 years with no claims, when I tried to join with a different car (old one is joint with my sister) they told me they don't give a discount for multiple accounts and only price match for people over 30. Let's just say I went with a different company. So much for loyalty.

        • thorpef1 on 15/10/2015 - 13:17

          I am only 28 and I just insured my car with them and they did the price match

    • Gavman on 15/10/2015 - 12:34
      +3

      Yeh So what.. just switch to someone else after a year. Everyone's premiums get bumped on renewal - its not prone to just Coles Insurance.

    • yojabbajabba on 15/10/2015 - 12:43
      +3

      I've just got my second renewal from Coles Insurace and they've kept my policy and excess the same two years running.

      • Gavman on 15/10/2015 - 13:24
        +1

        Yet the Market Value of your car drops each year.

    • Matt88 on 15/10/2015 - 12:43
      +2

      I have Coles car insurance and the renewal this year was exactly the same price that I paid last year. I didn't bother shopping around again this year and just paid it knowing that I got a good price last year.

    • [Deactivated] on 15/10/2015 - 12:50

      Well then don't renew.
      We used the Woolies $100 price beat with out renewal.
      Then coles caled up asking why we didn't renew, and they beat woolies by 10% & matched their pay monthly.
      So it's now down to under $30/mth in inner north Melb.

      • busterau on 15/10/2015 - 14:28

        So you were able to cancel the Woolworths policy as you were paying by the month in order to take up the new offer from Coles if I read what your saying correctly?

        • [Deactivated] on 15/10/2015 - 21:03

          we actually never started it. But you can do that.

      • Skinnerr on 15/10/2015 - 21:47

        30 p/m
        3rd party im thinking?

        • [Deactivated] on 16/10/2015 - 09:05

          nope comprehensive on a 2013 holden wagon.

          when I said we never started, we organised woolies insurance 2 weeks in advancew & then cancelled before the first payment.

    • YOLO on 15/10/2015 - 13:12
      +1

      My Coles Insurance came up for renewal and the policy and excess were exactly the same as last year. Even though I had claimed for hail damage and a chipped windscreen.
      So I reapplied for the upgraded Coles Insurance - Comprehensive Plus cover and quoted their own renewal price. They beat their own price :) so I now have higher cover, a lower excess and more added extras. Very happy with Coles Insurance.

  • sistermay on 15/10/2015 - 12:35
    +3

    All I can say is read their policy doc to make sure what IS and what IS NOT covered. My property manager used to tell me the only time you can tell if an insurance company is good is when you lodge a claim. Most of the time the reputable ones tend to be expensive but they are speedy in paying out claims and reasonable to deal with. One of my client has a recent horror experience dealing with a company called Resilium, took almost 6 months of mucking around then decline his claim. All I say is check the details otherwise the bargain upfront might not be a bargain after all folks.

    • Gavman on 15/10/2015 - 13:28
      +1

      The fact no ones heard of Resilium says a lot. The company is probably run from someone garage.

      Coles on the other hand is backed by one of the biggest companies in Australia!

  • suchislife12 on 15/10/2015 - 12:39
    +13

    Technically a failure of your duty of disclosure. You're lying to the insurance company in order to obtain a premium discount. If they find out they can deny your claim. It's also taking advantage of an otherwise pretty cool system. Ruins it for genuine users.

    As for coles insurance..they're not that bad. Product Review tends to portray all insurance companies in bad light. This is beacuse an unhappy customer is 10x more likely to complain.

    • [Deactivated] on 15/10/2015 - 12:57

      How does it invalidate your claim?
      You're not providing false information about your vehicle, driving history, age, suburb or anything relevant relating to your risk.

      I agree with you about Coles, their South African call centre staff is nice, polite and easy to deal with.
      And I'd say your underestimating the 10:1 complaints.

      • suchislife12 on 15/10/2015 - 13:04
        +1

        'When answering our questions, you must be honest and you have a duty under the Insurance Contracts Act 1984 (Cth) to tell us anything known to you, and which a reasonable person in the circumstances, would include in answer to the question.'

        When they ask the price of your current insurer you would have reasonably known that you lied about the premium.

        Contract law is complex. It's not simply questions that increase risk…duty of disclosure applies to ANY question they ask you in the course of obtaining a policy.

        I have seen insurance companies deny claims because the person lied about their former insurance company ie putting NRMA instead of aami. This would be no different.

      • inherentchoice on 15/10/2015 - 13:08

        It's providing false information about a competitor's price.

        • rokkz on 15/10/2015 - 18:36

          agreed, false information from the get go.

          Can imagine, sir to validate your claim and price offered please provide record of you previous insurance policy and price.

    • frondono on 15/10/2015 - 13:03

      I can't find anything in the terms and conditions to support this.

  • CVonC on 15/10/2015 - 12:47

    coles have always been so expensive for me. woolies is good with its $100 wish giftcard and no penalty for monthly payments

  • Saturday on 15/10/2015 - 12:55

    I remember using their online quoting system when i genuinely had a better quote from another insurer. They may also asked me to provide the quote afterwards, don't quite remember. This "pick your price" is not right.

  • inherentchoice on 15/10/2015 - 13:05
    +3

    this is where the fun starts, type in the price that you deem worthy

    I would say it's more like fraud and deception than fun.

    It's breaching the T&C's of the price beat offer. To be eligible you must already hold a comparable policy and switch it. Furthermore, Coles may well catch up with anyone who simply provides a made up price:

    The price beat guarantee in the relevant Offer will not apply where WIL determines that there is insufficient evidence of the proposed renewal premium amount or, if applicable, the existing premium paid or payable. Without limiting this, WIL may require you to provide
    your renewal notice with your current insurer and/or your current insurance policy as evidence of the amount of premium paid or payable. If WIL requests that you provide proof of insurance then you must do so before the end of 7 days of the request.

    Would be interesting to hear if Coles does call your bluff.

    • malouphix on 15/10/2015 - 13:35

      Get a quote or price match from someone else to match the hacked quote?

      • inherentchoice on 15/10/2015 - 14:19

        They guarantee to beat your current price. Like I said the price beat offer only applies if you're switching from a competitor.

  • Ritz on 15/10/2015 - 13:28

    I completely agree with what Sistermay says that you only know if the company is good upon lodging a claim. I have been with Coles for the last 3 years, and now have a claim in place. I have provided them with all the details of the third party who accepted his fault on the spot. However, it's now been 2 weeks and Coles have not even contacted him, laying part blame on Mr saying I was reversing. This is a money grabbing exercise from them, I feel, out of my excess since the hit from the third party was to the side of my car coming out from a stationary parked spot. This person has accepted the blame and provided all his details as well.
    My next renewal is due soon and guess what I am not renewing with them, BEAWRE.

    • suchislife12 on 15/10/2015 - 13:41
      -1

      Were you reversing….if so regardless (unless he was also reversing) you are at fault

    • cozmo on 15/10/2015 - 13:48

      If the party who hit you had accepted blame… why go through your insurance company…. just deal with his.

  • Ritz on 15/10/2015 - 13:55

    The situation is I had stopped to charge gears from R to D when this give simply reversed from his parked car into my car. How am I to be blamed?

    • suchislife12 on 16/10/2015 - 13:51

      Well then you weren't reversing….what gave them the impression that you where? Contact the FOS

  • Mad Max on 15/10/2015 - 14:05

    No problems with them so far

  • edrift on 15/10/2015 - 17:48

    this hack worked for me previously but when i tried it a couple months ago when i bought a new car, it no longer worked.

    I think i was insured with them for 3 years without incident, getting a $600 excess for an agreed value of $20,000 when the car was only worth around $10,000 market value.
    Never actually needed to claim but it did provide me with the cheapest and best value insurance for those 3 years.

  • Skinnerr on 15/10/2015 - 21:50

    Lol you guys think you have it bad? I had to fork out $1400 for comprehensive for my 1st car with GIO who was the best mix of cheapest/best. Allianz, RACV and YOUI all wanted over 3k for 1 year of insurance.

  • thydzik on 16/10/2015 - 01:52

    significantly beat my renewal price. I hope I don't need it.

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