Was looking for new car insurance, stumble across this deal
https://www.ozbargain.com.au/node/680904
Now the cashback is $135 not $100
Ends 04/03/2022 08:59 AM
They also have $150 new user discount included in the quote when you seek quote -so potentially more savings
Pays to shop around
Normal terms and conditons from CashRewards applies
$10 for referee and $10 for referrer, after referee makes $20 purchase within 14 days.
Are Australia Post reasonably priced? I'm literally in the process of getting my licence again and buying a car after about 10 years not driving but I haven't actually looked into insurance pricing yet lol
Apparently I need to be prepared and things are quite a bit more expensive these days (probably why I'm leaving it till last)
I'm in my 40s in Melbourne, no claim history ect or bad driving record. Out of interest which company/companies have you found offers the best value?
i just did a quote the price seems reasonable but I've found Bingle to be quite a bit cheaper than any other insurer for some reason. usually around 25% cheaper. in this case, even with the cashback, bingle is still cheaper by around $150.
edit: haven't had to deal with them regarding any claims yet though so YMMV
Thanks! Out of interest how much is a months insurance for a $25-30k vehicle assuming a reasonable excess it used to be $500 but I assume now it would be closer to $1k-$1200 as standard these days?
I usually pay yearly and it's around the 850 at bingle with a 1k excess. so I'd say around 90-100 dollars a month but as I said, do a full round of quotes, should only take an hour or so. I usually keep track with a spreadsheet showing excess, price and other notes.
excess can be altered depending how confidant you are, I usually increase my excess and see how much the price varies. if an increase of more than 100 in excess gets me a discount of more than 40ish dollars then I'll increase it, other than that I won't. I also tend to keep my excess higher compared to the wife's. (in my defence I haven't had an accident in over 10 years, touch wood, and she had 2 running into stationary cars in the past 5)
@Spec: That's better than I thought TBH lol
I can handle that, I'd be similar to you in I'm very unlikely to be in an accident that's my fault anyway but you just never know who it what you'll encounter out there.
It wouldn't have shocked me to hear $2k+ as I've been out of the market so long lol
I'm very unlikely to be in an accident that's my fault anyway
Yet you havn't driven for 10 years, so how would you know that? If anything you may be more likely to be in an accident.
Same here. Do the rounds getting quotes every year and nobody ever comes close to Bingle. $330 a year for full comp w/ $800 excess on a 2015 Corolla. Every other insurer is at least double. Never had to use them though; I'm sure it'll be a disaster.
I got only $50 cheaper than Post. So the cashback is a great offer for me.
If you haven't kept your licence then your premiums are probably gonna be high since one of the questions is how long have you had it.
You just have to do quotes. Just like all insurance and energy providers, the revenue usually works out about the same, but the manner in which they get it depends on how they structure the invcentives for a particular niche.
For example, I use Woolworths Insurance for the wifes car, because:
- it gives me 10% off an online shop every month
- not sure if its a bug, but I get an extra 10% in-store shop with the rewards card
- free access to woolworths gift cards where you get 4% of a woolies gift card.
In a weekly $200 grocery shop, it saves me the following:
Week 1 - $28 (10% Disc Online + GC)
Week 2 - $8 (GC only)
Week 3 - $28 (10% Disc In-store + GC)
Week 4 - $8 (GC only)
Thats roughly $864 savings for me in a year which more than pays for the insurance itself
Wow, my quote came out at about half of what I'm paying for Allianz full comp before the cashback even. Only downsides are $350 excess rather then the $200 I have now, no agreed value and it's Auspost.
$350 excess is a downside? Jesus that's good. What are you paying now?
Answer: $200. I see you ninja edited your post.
$350 isn't bad tbh. I had a $500 excess 10+years ago because it dropped my premiums significantly compared to no excess. I think it was only like 18 months and the savings covered that $500 back then. I honestly thought standard excess would be $1k these days
$350 is very good. Standard would be around $850-$1000 these days.
@Guybrush57: I rock a $900 excess to keep premiums down. I haven’t had an at fault claim for over 10 years so I think it’s been worth it.
@sween64: As the roads get busier, it's probably worth dropping down to the $500 or less mark. Just my thinking. A million extra people every 4 years really does add up if you live anywhere within reach of most capital cities along the east coast.
Haha yeah I realised shortly after posting my comment.
My allianz renewal price just came through. Went with this because it is significantly cheaper as well. My excess is $850 though which is the same as the renewal quote from Allianz, surely you have to compare the quotes based on the same features and excess.
Exactly to your point. When I got my first homeloan through CBA, they had the wealth package which included discount on home and car insurance through them. Car insurance quote they provided looked cheaper after I got them to price match.. but the excess was set higher to get the price to match.
No agreed value is annoying
There's an option for agreed value for me, under the "Insured value of your car" section.
Thanks
"We can only offer to cover your car for Market Value"
Maybe it depends on the age of the car.
Only market value available for me which is sadly not much more than the minimum excess. That said, I'm mainly doing comprehensive cover now because it's not much more than 3rd party property by itself.
Also worth noting this policy doesn't cover theft of items such as car seats or sunnies out of your car unless the car was stolen too (other insurers do cover this)
This offer is $200 less (including cashback) and has a smaller excess than my current insurer but that is with a small agreed value vs pretty much nothing.. either way my car will be written off with any accident (because it's old and worth nothing) so pay $200 more now, get $1200 payout after costs vs cheaper now and no payout. On paper pay more now is better but I have had no accidents for last 10+ years and my car is more likely to fall apart going by previous prevalence which is not covered so leaning toward this offer. I never know where to go with insurance, does my head in
Thats because insurance companies are structured to lose money on a new policy in the first year.
Loyalty has no reward, its business and people need to understand this… you HAVE to get a new quote every year, even if it is with the same provider. It makes zero sense to ever renew any policy.
Quote came up about 30% more expensive than my NRMA.
I have found NRMA to be the most expensive of all. Even after using with their triple-stacked discounts (years loyalty, policy quantity, and no-claim history). If AusPost are 30% more then yikes!
I guess it is because I have been with them for years so they probably couldn't increase my insurance that much. I was just not happy when they increased it now by roughly another $100 but Australia post still came out more expensive.
Yeah quote came out a couple hundred cheaper than what I'm paying. Will switch over
Purchased. And cashrewards tracked email received 10 mins after
Thanks OP. I just signed up as I needed to renew my policy in a week. It ended up around $30 more expensive than the cheapest quote I received for my car (AAMI) but the $135 made up for it.
How long do you have to stay to qualify for the cashback? I change energy providers every 2-3 months to maximise cashback/sign up credits because they end up more than covering even the expensive providers over that time. I might have to look into car insurance and see if bouncing around is equally as profitable but I don't know if I really wanna get put on some bad list when it comes to insurance?? Although these offers usually fall under their marketing budget so probably aren't too concerned about people finessing them other than limiting each person to 1x promotional bonus per year I'd assume.
Time to do some research I guess ;D
Yeah I'm not too sure. I couldn't find a whole lot of information on it. I paid annually.
I change energy providers every 2-3 months to maximise cashback/sign up credits
could you please PM me and tell me more
thanks
It'll depend on how much energy you use and mostly electricity as with gas it's difficult to find big offers and because there's no smart metering it's not as easy to quickly move in and out.
Look at Cash Rewards and see all the companies currently offering cashback it's usually $70-$90 but on occasions some will offer $150 try to find a company that is also offering a sign up credit offer if you sign up online. Now when your first bill arrives call the company and ask why you didn't get the sign up credit (9/10 times they'll manually apply it for you if you are polite even though signing up with CR usually means you aren't eligible) now you usually have to stay for 75 days minimum but regularly the cashback will clear in 6-7 weeks and you can switch again. Basically that's it. Sometimes with gas though you are better off just being in the best plan at full price so every month so the government comparison for both electricity and gas, check for all the sign up offers and try to only do the CR switch when you can double up. Remember only return to the same retailer 12 months after you leave otherwise you risk possibly being ineligible for any Cashback/sign up offer although most don't care so long as it's not really quick 6 months you'll be ok but it is a risk.
Energy Australia are different though as you need to stay for 120 days I think when they have the boosted cashback so keep that in mind they always offer the best cashback but you need to check if it's worth it for your area and usage.
i thought you meant insurance, but i see you wrote energy, being doing that too and with the gov changes lately, being hopping around like a rabbit, $100 here and $50 there. I'm on my 4th electricity provider in the last 6 months lol.
Is your credit rating effected by all the credit checks?
No issues at all, I don't think many energy companies actually do a credit check although some definitely do. Either way I've actually profited from electricity/gas over the last few years. Not much but if you count the free energy even compared to the cheapest plans I've done pretty well. I'm not suggesting you need to be as full on as me but even if look to switch every 4-6 months you can take a chunk outta your expected costs.
We have 2 cars and wife was WFH for past 2 years hence we never renewed insurance on her car for past 8 months. Would that scenario impacts OR bump up the premium?
I don't believe it will have any impact. Usually the only question asked is something like "who is your current or most recent insurer".
Impacts no claim maybe
Wouldn't want to have an impact with no insurance.
Are they offering agreed value or market value only? i got dicked over with market value over the pandemic when market really was more than almost what I bought it for but they were working off market value from year prior tried to rip me off over 7k..
I had the option to select either.
A couple others including myself were only offered market value only. You and a lot of others have been in the same boat, I know hearing that doesn't make taking a 7k bath any easier though. I would have pushed them and showed them what the current market was on your car then stuck to my guns.
Yeah was a 3mth battle, luckily the value kept going up during that time.. very odd for that to happen but pandemic weirdness..
Bingle can get in the bin.
Damn I literally just signed up yesterday oh well.
Just cancel and take out another policy.
I mean with this insurance at $100 cashback.
@gottacatchemall, did your CB track immediately after the the sign up? Eg. before actual policy start date.
I am keen to jump on board but try to pay it with a CC that's coming next week.
Me too, so annoying!! If the policy organised yesterday is cancelled and taken out again to get the $135 CB, I gather Australia Post won't give the $150 new user discount as it could be considered not a new policy?
Insurance is as good when the claim time comes. Are they any good and which repairer ? Can we choose our own ?
You can select choice of repairer but it will increase your premium a little.
Cashback is only eligible on car insurance purchases. What about the CTP?
Is there $135 profit in ctp?
How long do you need to hold policy for?
$135? I expected a Cartier watch.
Well you just need to join Toll and deliver a 10+ million major project above satisfactory level. Piece of cake mate.
darn $200 more than my current car insurance provider
what am I doing wrong
Just did this about 2 hours ago, anyone received the tracking yet?
Yeah got tracking 10mins after purchasing
I clicked through and bought a couple of hours ago, click tracked, but no purchase tracking
Did purchase track come straight through for anybody?
I have lots of do not track, disabled ad blockers etc through Brave browser, worried it's been lost along the way
Tracking is close to instant for this merchant. I'd strongly suggest not using Brave browser as by its very nature, it has a lot of inbuilt privacy protection that plays havoc with affiliate tracking, and is almost certainly the reason you're having issues. Please use a clean browser such as Edge with no add-ons, or better still use the Cashrewards mobile app and you'll find tracking will improve heaps :)
thanks for replying
Biggest Cashback ever for me and blew it through no fault of my own
This is why I hardly ever bother, certainly not if saving is dependant on cash back
I get that I need to be careful and make sure I comply but becomes a pain, trying to keep secure online against benefitting from referrals and tracking etc
I will try to remember to switch to the app if I bother again
@davlap: No worries at all. Can't you cancel the policy and re-buy? Failing that, you can lodge a claim after 7 days and we'll do our best to get your money, but only if Aus Post deems it was attributed to Cashrewards. Sorry I can't be more helpful than this :)
@tightarse: Thanks, I will put in a claim, but was hoping to know earlier in case I want to keep my existing renewal. It's with woollies and 10% off monthly shop, so without Cashback I might stick with them
I saw above if you cancel and buy again you don't get $150 off as new user
Your replies have been appreciated, I know I should have been more alert when clicking through
Hi Store rep, I bought it last Friday (4 March) however hasn't been tracked. It's in the 'Click history' list though but there is no ' Send a claim' button for me send to support. What next please?
@One2Share: Hi. The 'send claim' button will appear after 7 days from click time. Any issues, let me know :)
Does Everyone knows can I sign up now and start the policy for the future date (end of March)? Or the policy needs to start now?
Yes, you certainly can. Just choose your start date when completing the online form.
So Cashrewards won't reject my cashback as the policy has a future start date?
I signed up yesterday for a policy commencing mid March (if only I'd waited an extra day to apply) and I received confirmation of my $100 CB pretty much straight away.
If I need to sign up two insurance does this stack the $135*2 or do i need to sign up for another account
Was thinking of doing our second car also. Would have to set another cashrewards account though as can only claim once
Thanks. no problem can get the wife's account
$1800 for full comprehensive. Fully paid off 2014 Mazda 3, no claims, no damage, no demerits, not parked on the street, low k's and still with the $900 excess.
Something seems wrong here.
Wow! Others are indicating prices half that price for similar. Crazy! That's the kind of price I'm worried about (I'm in process of getting back on the road again after 10 years) and if that's the price for a 2014 I shudder to think what a new one is going to cost.
Yeah, I don’t know how others are getting such low quotes. I’ve checked with AAMI, QBE, Budget, GIO…everything is $1400+ (well except for Budget, but they’re still $1050).
I live in a good suburb as well. Insurance is a joke…
Have you tried Shannon’s. Might be worth a try. Choice of repairers too.,
does this include third party?
Well that's a bit sus.. the quote I did this morning came in at $321 for full comp with options. I wasn't able to complete the purchase due to lack of time. I just entered in all of the details again and suddenly the price jumped an extra $100.
I got a different premium when I did the quote straight on the AP car insurance website vs via CW link. $20 difference - every part of the policy is identical. Perhaps your quote earlier in the day was on the AP car insurance website directly?
No, i definitely clicked through the Cashrewards app on both instances.
$1920 for me, no points, clean record etc.
When they are more expensive than Youi, that's a problem
Currently unable to even get a quote as I am located in SEQ. Error saying they are unable to offer online quotes due to the natural disaster in place. Am currently with them, got a previous cashback. Couldn't find details about being excluded/waiting periods so was going to have a look at prices. Will have to wait a little longer it seems.
I'm on the Sunny Coast and had no problems. Insured an 05 Subie outback just now and with the default excess of $850 it was only $122 so if the cashback works I would have made a profit!
I reduced the excess and added windscreen to get it up to $160ish so policy cost should be about $25 vs $350 that NRMA wanted. Winning!
Thanks OP.
Just jumped in for a 2003 ute $144 annual with $1150 excess before CB. So would be only a few bucks to pay. :D
Does anyone know if you need to pay annually? Or can you pay monthly and get the cb? Keen to move 2 of my insurance policies across.
I don’t believe anyone has commented on the hire car option for an at fault accident. The Australia Post policy appears to only pay for 14 days car hire whilst your car is being repaired.
Be aware that at the current time, due to Covid and lack of available parts, repairs are taking a lot longer than usual. My son recently had an at fault minor accident where his car is not drivable and he has been advised that due to parts required to be imported, his car will not been repaired for about 4 months! His car is a 2012 Mazda so quite a common car. Thankfully, he had added the car hire option to his policy and his insurer covers unlimited car hire until the repairs are completed. The cost of the car hire alone will be at least $6,000.
So you need to look at everything and not just the premium and work out if you can go without your car for a long period of time if you are in an accident. You also may think you don’t need the hire car option as you are a good driver and if not at fault the other person’s insurer will cover this. I was unlucky enough to have my car severely damaged, by a hit and run driver, whilst parked not long ago. As we were unable to identify the driver there was no car hire provided by my insurer. It was such an inconvenience.
Based on my son’s and my recent experiences, I will now always add unlimited car hire option to any future policies. I also will only insure for Agreed Value so there can be no dispute if a payout is required. I get quotes from several insurers every year at renewal and thoroughly check all the inclusions/exclusions. I don’t mind if I pay a slightly higher premium for the extra peace of mind. If you have a newish or expensive car, I would also recommend you consider having choice of repairer included in policy.
Has any one signed up and not received tracking from Cashrewards? Normally i get it straight away but this time I have not got anything yet.
I haven't either, it's been 3 days now =/
Did a shop for Myer this morning and that one went through straight away..
Hope I get it, I did 2 policies. Still worked out $500 cheaper though excluding cashback.
Does this include third party policies?
We are unable to provide you a quote online today due to a current natural hazard event.
worth noting this is white labelled QBE Insurance — read the PDS and ensure coverage is right for you but price, inclusions and incentives stacked up, love it.