Do You Folks Experience The Continuous Increase of Comprehensive Car Insurance with Rollin'?

ginger-gin on 13/06/2024 - 14:35
Last edited 13/06/2024 - 16:02

Hi OzB,

With Rollin' since the last promo, currently within this year, there were 3 times increasing payments. We had 3 cars: one 2010 (red P), one 2013 & 2019 (both full) and the price changed:

  • Jan 24 $474.13
  • Apr 24 $519.68
  • Jun 24 $548.48

Let's say if there is no increase from Jun-Dec 24, I am paying avg. $525/mth. There is no breakdown in the statement, so let's say red P accounted for 40%(I get this info from the website quote calculation), each of full pays like $1,890 and there is not a single claim on 3 cars.

So do you think it's still reasonable to keep Rollin'? or should i switch and which one should I choose?

Edit: this is in NSW

Edit 2: Looked thru NRMA ( $778.11/mth), Youi($602.41/mth) and Budget Direct( $581.29/mth) for all 3 cars so for me, rollin' is still better though, with same standard of covers

Financial Car Insurance Insurance

Related Stores

ROLLiN' Insurance (Previously Poncho Insurance)
ROLLiN' Insurance (Previously Poncho Insurance)

Comments

  • Muzeeb on 13/06/2024 - 14:42
    +7

    What sort of cars are we talking here? Seems really expensive.

    Have you obtained online quotes from other mainstream insurers to compare?

    Edit - holy shite. I just did a quote to compare to my racv renewal notice just received. Rollin is double the cost. 600 vs 1200 for a basic $20k hatchback.

    • geekcohen on 13/06/2024 - 14:56
      +4

      Edit - holy shite. I just did a quote to compare to my racv renewal notice just received. Rollin is double the cost. 600 vs 1200 for a basic $20k hatchback.

      Rollin are literally…… rollin' in it

      • Muzeeb on 13/06/2024 - 14:57

        To be fair I get a multi policy/years of membership discount with RACV but it's nowhere near $600.

    • HeWhoKnows on 14/06/2024 - 12:10

      Plenty of online comparison sites
      I use "Compare the market"

      Go here to check:
      https://www.comparethemarket.com.au/car-insurance/

  • Gdsamp on 13/06/2024 - 14:42
    +1

    Everything has to get more expensive year on year so GDP line goes up.
    The only year your premium may not increase could be when youngest driver gets off P's or a driver becomes older than 25.

    annual premiums can sometimes be cheaper depending on the company so it pays to shop around

  • Dollar General on 13/06/2024 - 14:44
    +7

    Insurance companies are making record margins, meanwhile politicians are taking the baseball bat to Colesworth cause they make 4% margins

    • boomramada on 13/06/2024 - 17:06
      +4

      That is because fewer ppl are bit%& about insurance premiums, people just drive without insurance and deal with the consequences later with the MS PAINT diagram.

  • jv on 13/06/2024 - 14:52

    I am paying avg. $525/mth.

    Wow… That's around what I pay per year for each of our cars.

    • boomramada on 13/06/2024 - 15:00
      +3

      OP still a 21 yo P plater and driving a BMW M3 in Elizabeth SA

      • Nugs on 13/06/2024 - 18:04
        +3

        it's Elizabeff
        .

  • CheapandUsed on 13/06/2024 - 14:57
    +3

    is part of Insurance Australia Group (IAG).

    There's your problem

    I am paying avg. $525/mth

    Why are you doing that?

  • WoodYouLikeSomeCash on 13/06/2024 - 15:04
    +1

    Our car is insured for P plater driving, only cost $1100 for the year from Youi. Car value is around $35K (2023 model car).

    • Nugs on 13/06/2024 - 18:06

      "insured for P plater driving"
      insured for and main driver 'can' affect the premium
      .

      • WoodYouLikeSomeCash on 14/06/2024 - 14:36

        Sorry, to clarify the P plater is the only driver on the policy.

        • Nugs on 14/06/2024 - 18:55

          'Sometimes' adding parents as non primary driver reduces premium by a few dollars and avoids an issue on 'some' policies if need to claim because parent prangs the childs car
          .

  • sumyungguy on 13/06/2024 - 15:06

    I believe IAG underwrites NRMA, CGU, ROLLiN’, Coles, RACV so you may want to skip these when doing online quotes.

  • rumblytangara on 13/06/2024 - 15:07
    -1

    You're insuring a car for 500 a month, 6K a year?!

    • Muzeeb on 13/06/2024 - 15:07
      +1

      It's for 3 cars

      • rumblytangara on 13/06/2024 - 15:08

        Thanks, missed that.

        • sumyungguy on 13/06/2024 - 15:08

          I'm still confused as I thought insurance premiums were per vehicle, not a whole family fleet. OP doesn't seem to know the breakdown either.

          • rumblytangara on 13/06/2024 - 15:10

            @sumyungguy: OP is probably just aggregating the cost of 3 quotes?

            Edit:

            There is no breakdown in the statement

            Maybe not! I have absolutely no idea what is going on here.

          • boomramada on 13/06/2024 - 15:14
            -1

            @sumyungguy: Maybe OP is working for Ahmed Mansour for the Australian branch.

            • sumyungguy on 13/06/2024 - 15:20
              +1

              @boomramada: OP appears to be not especially price-sensitive anyway. Who pays P-plater premiums when there are still insurers allowing undeclared and young driver excesses?

              • Muzeeb on 13/06/2024 - 15:22

                @sumyungguy: If I'm reading it correctly as well there is no fixed annual premium. It appears to be month to month and the price can change every month.

                • ginger-gin on 13/06/2024 - 16:03

                  @Muzeeb: yep, that's how Rollin' structured, month by month, no yearly payment

                  • Muzeeb on 13/06/2024 - 16:11
                    +1

                    @ginger-gin: Choose an insurer that gives you a fixed annual premium that you can pay by the month. That way, for 12 months they can't increase the price.

              • boomramada on 13/06/2024 - 15:27

                @sumyungguy: OP needs to rewrite the thread.

  • mboy on 13/06/2024 - 15:23

    I compared car insurance quotes online a few months ago when my annual renewal came around. I included Rollin' in my comparison this year because it was fresh in my mind after seeing their annoying YouTube ads where the hot dog looking character makes those noises.

    Anyway, long story short; Rollin' is not a budget insurer.

    Of the five I compared (Budget Direct, AAMI, RACV, NRMA, Rollin'), Rollin' were the most expensive and almost 3 times as expensive as the cheapest (Budget Direct).

    • sumyungguy on 13/06/2024 - 15:25

      Auto & General underwrites Budget Direct, Qantas, Virgin Money, ING Bank. Suncorp underwrites Suncorp, AAMI, GIO, Apia, Bingle, Shannons.

    • jv on 13/06/2024 - 15:34

      as the cheapest (Budget Direct).

      I found Budget Direct to be twice the cost of AAMI for the same type of policy.

  • askbargain on 13/06/2024 - 15:37
    -6

    Comprehensive car insurance for a 14 year old car lol

    • boomramada on 13/06/2024 - 16:45
      +1

      I got comprehensive for a 14-year-old car and I only pay like $400 per year, I think that's a good price if it gets written off, I get like $4K

  • Taro Milk Tea on 13/06/2024 - 16:18
    +1

    Is it only me that suddenly thinking about Undertaker's entrance song….?

  • altomic on 13/06/2024 - 16:45
    +1

    I just paid/renewed my 3rd party insurance for $395 (annual) for my 2008 VW Jetta that my P-plater kid also occasionally drives. AusPost car insurance - from this deal

  • JimmyF on 13/06/2024 - 17:17
    +3

    Do You Folks Experience The Continuous Increase of Comprehensive Car Insurance

    That is how insurance rolls at the moment. The value of the coverage goes down while the cost of the policy goes up!

    Its funny, our 12 year old car, is worth 1/3 of its value (maybe even less) when we took out the policy, but we now pay 3 times as much for it with zero claims.

    Yes we shop around, the price is crap everywhere.

  • footscrayvic on 14/06/2024 - 07:54
    +1

    Ive been using Bingle for the last few years. Cheaper than the rest but they still increase every year.

    I decided to go with Bingle after a colleague had good outcomes with them after an accident. I haven't had to claim myself yet (touch wood).

  • hazzad on 14/06/2024 - 12:26
    +1

    Insurance has been increasing across the board for last 2-3 years. Car, house, most. Cost of payouts has increased with floods over last 2 years.

  • petestrash on 17/06/2024 - 09:33
    +1

    My non-rollin car insurance went up 40% this year, without any claims. Like you, I rang around to see if I could find better and I couldn't. The previous few years have been in the order of around 5% a year. I think the underwriting costs have gone up, as it seems to be across the board.

  • MagpieSilver on 26/06/2024 - 09:25
    +1

    Yeah, Rollin' used to be great, valuing cars higher than competitors and offering lower premiums, free glass replacement ) once a year) and excess (especially for new drivers.)

    But now they've got a big user base and won some awards, it seems the enshittification has begun.

    Premium creep every month, 'value insured' declines rapidly and if you make any edits to a long held policy, it suddenly gives you a new one that costs more for less cover.

    Then there's the ambiguous danger of 'sum insured' which isn't 'market value'. You can 'boost 15%' (which now adds around 30% to the premium while it used to be fairer). So if you have to claim, and they undervalue, 'sum insured' is potentially less contestable than 'market value'.

    All of which sucks for a company targeting new, less experienced drivers who should be learning and building confidence in doing the right thing.

    And don't get me started on the 'safe and save' app (business users forced into it) that offers a 'discount' for driving like a grandma - city users get super punished based on the style of driving needed in a city - ie: braking unexpectedly.

    • ginger-gin on 26/06/2024 - 16:46

      Totally agree, my car valued for 18k last year, i asked if i could pause the policy, they said no instead of canceling , so i canceled and new policy with higher payment and car valued at 15k - fck me

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