Car Insurance 2019

yjun355 on 04/10/2019 - 07:01

I have Honda Civic (10 years old). I've been with carnextdoor paying around $60 for them to cover my comprehensive insurance.

I'm thinking about ditching their service as I've had no booking for last 3 months.

Just wondering:

A. Any suggestions for comprehensive car insurance? How much roughly does it cost?

B. I haven't looked into it for while but I'm thinking whether I need to pay that $720 a year given the car is worth around $5000-$7000. In case of worse accident just write it off I guess. Mainly do simple City driving.

What do you guys suggest?

Find Me A Bargain Car Insurance Insurance

Comments

  • bohn on 04/10/2019 - 07:16
    +13

    Get comprehensive. No matter what kind of accident you have or who caused it, the insurance company will take care of it and you won't need to post on OzBargain asking how to the get other driver to pay etc ;)

    • brad1-8tsi on 04/10/2019 - 07:24
      +1

      Agree.
      My car is worth $3-4k. I still pay the $800 for convenience.

      OP if you decide against comprehensive, at least get Third Party Property to pay for the other car

      • yjun355 on 04/10/2019 - 08:28

        Thanks. I think third party is compulsory by law.

        • brad1-8tsi on 04/10/2019 - 08:33
          +8

          That is Third Party PERSONAL insurance (CTP Green Slip in NSW). It covers peoples broken bodies and doesn't cover property.

          Third Party Property pays for the repairs to the Mercedes Benz you crash into.

          this explains it very simply.
          https://acornrentals.com.au/car-insurance-works-australia/

          Seriously. Why are people so ignorant on these things?

          • Sammyboy on 04/10/2019 - 08:43
            +2

            @brad1-8tsi: Perhaps not ignorant…just know that they will get away with it in this country, esp if have no savings etc etc. Slap on the wrist, some stupid $5 a week repayment plan and even for that to happen it may take over a year.

          • geoffs87 on 04/10/2019 - 13:25

            @brad1-8tsi: Agree, perhaps not ignorant - but also probably an oversight by many Australians… Given the CTP in NSW is quite expensive, many people might think this covers them for property as well as people. Silly, but concerning.

          • yjun355 on 04/10/2019 - 14:00

            @brad1-8tsi: Thanks for clarifying.

      • salmon123 on 04/10/2019 - 08:48
        +2

        My car is worth $3-4k. I still pay the $800 for convenience.

        Wow … $800/year on premiums, another $600 on excess if you have to make a claim … another $200/year in jacked premiums when you make claim. Pretty expensive convenience.

        • brad1-8tsi on 04/10/2019 - 09:24
          +1

          Yes, I agree. I'm paying lazy tax. I had bigger issues to deal with this year. I'll review and revise next year.

          Excess is more like $800 IIRC. This is the price of "turbo effin whoosh!":-)

    • 87percent on 04/10/2019 - 08:28
      +3

      you should be telling op NOT to get insurance, so he can post a follow up thread in a few months for our enjoyment

      • Skramit on 04/10/2019 - 09:02
        +4

        This guy gets what OzB is really about.

  • original15 on 04/10/2019 - 07:23

    A:
    Checking comprehensive car insurance prices is one of the simplest tasks. go check via all their websites, my experience aami the cheapest but it’s going to depend on your circumstances and vehicle
    Go check them all..

    • Chandler on 05/10/2019 - 17:27

      Depends on the underwriters.

      We were with Suncorp, switched to AAMI when it fell due as they were cheaper (and same underwriter).

      Switched again (to NRMA) when AAMIs premiums jumped up, (supposedly) due to more claims being lodged for my car model.

  • mskeggs on 04/10/2019 - 07:23
    +1

    You will still need 3rd party property insurance, to cover any damage to another car if you crash. That costs me $240. An extra $400 a year isn't worth it for me for an old car, but as bohn says, if you plan to have accidents it is good value.

    • bohn on 04/10/2019 - 07:27

      Planned accidents are not accidents at all ;)
      I still think it's okay to have comp. with old cars. Also not everyone pays as much as you in insurance (admittedly some pay a lot more).

      • dasher86 on 04/10/2019 - 08:03

        If you plan to fail what have you done?

    • yjun355 on 14/12/2019 - 05:35

      Who is your insurer?
      What what happens when you are not at fault?

  • GangGang on 04/10/2019 - 08:20

    Don't forget with third party, fire & theft insurance.

    • Your car is covered for market value for fire & theft. Usually up to $10k.
    • Damage to other property.
    • Accidents caused by other cars, if you can prove it.

    Downside is your car will not be covered if you're at fault. Now weigh out is it worth having comp insurance on an old car.

  • dogboy on 04/10/2019 - 08:23

    If you go through Budget Direct/Coles or one of the other really budget insurers, you should only be looking at $500/year.

    • yjun355 on 04/10/2019 - 08:29

      Thanks. I'll check those two

      • RockyRaccoon on 04/10/2019 - 08:43
        +1

        Try Woolworths, and there is a coupon that gives you $100 gift card back. Good price for this year, next year shop around again.

        https://www.ozbargain.com.au/node/463081

        and the code still works (as of 2 days ago when i used it)

        In my case it ended up cheaper than others 3rd party property rates.

        Also you can elect a number of kilometres to use each year and save even more if that suits you.

        • ravBlr1982 on 04/10/2019 - 09:57

          i agree , woolworths is cheapest when compared to budget direct/coles. i did mine 2 months back and woolworths is cheaper

          • CrankyCarrot on 04/10/2019 - 13:24

            @ravBlr1982: Has anyone claimed with Woolworths? Wondering what experiences were like when it came to the crunch, so to speak.

  • CrankyCarrot on 04/10/2019 - 13:46

    When you start a new policy, they always ask how many KM you do per year - which I assume affects the premium.

    How do they actually track that if they don't also ask how many are on the clock when you open the policy or make a claim?

    • crentist on 04/10/2019 - 15:46

      I think they do ask? And it does affect the premium.
      Been caught on the wrong side of that before. They can refuse cover if you've gone over whatever numbers they've recorded somewhere.

      • CrankyCarrot on 04/10/2019 - 15:48

        I mean what if you just underestimated?

        The online quote things don't ask for kms done already - maybe when you do final signup?

        Also Bingle seems to be waay cheaper than the others, like $550 vs $1000+ for me. Just how bad of an idea to is it to go with them?

        • RockyRaccoon on 04/10/2019 - 16:09

          You don’t give it for the quote, you give it when you sign up.

          If you underestimate you can call them and change the number - obviously for a cost. You can over estimate, just your premium will be higher. At some point unlimited kms work out cheaper, you can play with that on thequote

          • CrankyCarrot on 04/10/2019 - 17:16

            @RockyRaccoon: Right. I doubt I'd do over much over 10,000kms unless working for a ride-share company.

            Do you know if you can cut the policy short and get a refund on the rest of the year, if you sell the car for instance?

  • The tiger on 05/10/2019 - 13:27

    Try Coles insurance . Reasonable rate if you get a quote on internet. Unlike AAMI which charges double excesses I.e. standard excess of $650.00 + additional excess you add on, they just charge you the higher excess amount ( if the accident is due to your fault).

    • yjun355 on 14/10/2019 - 10:23

      This was high. Quoted around $750. I am currently paying $720

  • nikey2k27 on 14/10/2019 - 07:50

    progressive insurance

  • yjun355 on 14/12/2019 - 05:40
    +1

    I'm contemplating to get third party cover.
    Does look like I need theft and fire.

    Do people know what happens when you are in accident and not at fault.

  • The tiger on 14/12/2019 - 09:23

    Yoman,
    “Do people know what happens when you are in accident and not at fault.”
    Some years ago I was with AAMI third party cover, and the above case happened to me. AAMI just pushed me aside without rendering any help. I suggest you go for compressive with high excess ( to bring down premium sum), so when not in fault the insurance company will do the job; if in fault let your car be written off then.

    • yjun355 on 14/12/2019 - 12:52

      That's a good tip.
      So what was outcome in your case? You chases other drivers insurance yourself?

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