Jump to content
SAU Community

Fyi: Just Cars Insurance Renewal And Agreed Value

sl33py

By sl33py,
in General Automotive Discussion

 Share

Recommended Posts

sl33py Mentor

sl33py

Posted
Posted

I just got my renewal bill from Just Cars Insurance, and was hoping that the premium would be less than last year. But it wasn't. So I rang up to ask about it, and they said it's only calculated on the type and age of car, the driver's no claims bonus (mine was already at 60%) and because I turned 25 I just avoid the underage excess in the unlucky event something should happen. Fair enough.

BUT, what I did find out is: the guy I spoke to saw my the agreed value of my car and said "jeez, they gave u a bit too little last year" and he said he'd see how much he could bump it up. Sweet! I thought. And he increased the agreed value from 20500 to 21500, new paperwork will be sent out etc. Then I said "so does that apply from now on or do I have to ring up again next time?" and he said that each year the premium is calculated, it will go down to market value again! I don't know how accurate this is, or if it applies to all cars, but I found it very interesting, and I'll definitely be ringing up next year to try and fanagle a higher agreed value out of them again!

I guess sometimes it pays to ring up and ask (nicely) about why things are the way they are, instead of just grumbling about insurance costs like some friends I have :O

Food for thought! I'd be interested to see if it works for anyone else. Try it and let us know!

Jdfnq Proficient

Jdfnq

Posted
Posted

I looked at just cars origionally, however the excess if anything happened added up to be like $1500... And I am over thirty with 60% no claim ....

Went to Shannons and not only was the insurance cheaper(by like over $300), but also the excess was only $500.....

However, as you said it pays to be nice and honest with the insurance guys and it usually pays off....

sl33py Mentor

sl33py

Posted
  • Author
Posted

Yeah, I rang Shannons when I first bought the car and they didn't want to know me because I'm not a member of any car enthusiast groups. Just Cars were the only ppl that would insure me, and the bank my loan is through are the only ppl that would fund me >_< I had to have the car tho haha

lanky71 Veteran

lanky71

Posted
Posted

I am with Just Car and they told me that they only did market value not agreed value.

Not sure if it is a case by case thing or not cause for my R34 GT-T 1998 stock with upgraded stereo it is only insured for $22500...

Me being 22 years old and only have 50% ncd as I had an incident end of last year costs me $2105 but then the excesses add up to $1200 is stollen or $1800 if in a at fault accident. Or something like that coulnd't be bothered to get the paper work out.

Funny thing is, my Alfa was costing me $2800 in insurance and it aint a turbo and it was totally stock...

And that was thru AAMI, Just Car wanted $2500 for it. And it was insured for about the same price as the skyline.

Drew.

Munkyb0y Grand Master

Munkyb0y

Posted
Posted
Yeah, I rang Shannons when I first bought the car and they didn't want to know me because I'm not a member of any car enthusiast groups. Just Cars were the only ppl that would insure me, and the bank my loan is through are the only ppl that would fund me >_< I had to have the car tho haha

but you are a member on this forum. believe it or not, that's enough.

i'm with shannons.

GT-R32 Grand Master

GT-R32

Posted
Posted
Yeah, I rang Shannons when I first bought the car and they didn't want to know me because I'm not a member of any car enthusiast groups. Just Cars were the only ppl that would insure me, and the bank my loan is through are the only ppl that would fund me :P I had to have the car tho haha

Have to agree. The fact you are on here posting, being 'enthusiastic' about your vehicle is enough. The person you got on the phone didn't ask enough questions.

Abo Bob Grand Master

Abo Bob

Posted
Posted
but you are a member on this forum. believe it or not, that's enough.

i'm with shannons.

I think maybe they just didn't understand what you were saying and you got lucky. If that always worked anyone could get an account on SAU for nothing then get a discount by saying that proves they are an enthusiast when actually it only proves you can work the internet.

The various state chapters of SAU don't charge much for membership and it's worth it in more ways than one.

LatinR33 Experienced

LatinR33

Posted
Posted

Yeah I work in insurance and yeah it pays off to call up and enquire nicely. Im with just cars and im on agreed value not to sure why they said they only do market value. Market value is crap!!! It means they work out the value of your car upon your claim. You may think you r car is insured for $20,000 but then the assessor goes aww the market value now is much lower and thats all your going to get.

xRHETTx Mentor

xRHETTx

Posted
Posted

Yeah im on agreed with Just cars too.

They do it, as long as you dont overestimate the value of your car too much.

Also the agreed value automatically goes down by a little each year. (as the car gets older)

kralster Veteran

kralster

Posted
Posted

Well my first year age 20 with a stock R34 GT-t was 2800 a year agreed value 27500.

This year age 21 with a stock R34 GT-t was 1700 a year with agreed value of 30000.

Figure that out.

GT-R32 Grand Master

GT-R32

Posted
Posted
I think maybe they just didn't understand what you were saying and you got lucky. If that always worked anyone could get an account on SAU for nothing then get a discount by saying that proves they are an enthusiast when actually it only proves you can work the internet.

The various state chapters of SAU don't charge much for membership and it's worth it in more ways than one.

It's not about a discount per se, Shannons don't do any official national 'club member' discounts. They used to but not anymore, I was told by a Shannons employee it all stopped because people were joining clubs to get a discount on insurance. It's about getting offered cover by them at all, you can be declined for not fitting their underwriting guidelines.

Shannons insure the 'motoring enthusiast'. It is their main underwriting criteria so you have to demonstrate that. Frequenting a forum of your chosen vehicle or even one you don't have (ie. your favourite or dream car) is one of the hundreds of ways you can show you are into your car(s). Going to car shows, watching car oriented TV shows, reading car magazines, watching motor racing are all ways to show you are into cars.

Duncan Grand Master

Duncan

Posted
Posted

umm actually shannons certainly do offer discounts, and they are significant, I just got many hundreds of dollars off my insurance.

You need to hold a CAMS license, they will ask the number. All you need is an L2S which is $85 + being a member of a CAMS club like SAU NSW orr SAU Vic.

GT-R32 Grand Master

GT-R32

Posted
Posted
umm actually shannons certainly do offer discounts, and they are significant, I just got many hundreds of dollars off my insurance.

You need to hold a CAMS license, they will ask the number. All you need is an L2S which is $85 + being a member of a CAMS club like SAU NSW orr SAU Vic.

I ment 'official'. Who did you speak to there?

GT-R32 Grand Master

GT-R32

Posted
Posted

Yeah and underwriters load or discount to their discretion depending on the sitiuation of the client (competitors etc. - aside from built ins like multi vehicles), and also depends on their level. They may refer to higher up for either.

_8OO5TED_ Mentor

_8OO5TED_

Posted
Posted (edited)

The CAMS discount is official and loading and discount otherwise, is almost non-existant now. Shannons policy benefits speak for themselves :P

Edited by _8OO5TED_
GT-R32 Grand Master

GT-R32

Posted
Posted
The CAMS discount is official and loading and discount otherwise, is almost non-existant now. Shannons policy benefits speak for themselves :thumbsup:

I stand corrected! Cool. :D Things move quite quickly, and I s'pose premiums are going to be more consistent now (apart from the massive, obvious state differences).

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing


  • Similar Content

  • Latest Posts

    • GoHashiriya
      From Japan and back to Europe, my sh*tbox R34 GTT

      By GoHashiriya · Posted

      Cheers. Skyline is back on the menu, can’t get rid of it. It’s like a child you don’t want, or herpes 
    • Dose Pipe Sutututu
      From Japan and back to Europe, my sh*tbox R34 GTT

      By Dose Pipe Sutututu · Posted

      Welcome back brother 
    • GoHashiriya
      From Japan and back to Europe, my sh*tbox R34 GTT

      By GoHashiriya · Posted

      I got back to Japan in January and was keen to get back on track as quickly as possible. Europe is god-awful for track accessibility (by comparison), so I picked up a first-gen GT86 in December just to have something I could jump into right away. The Skyline came over in a container this time and landed in early January. It was a bit battered after Europe, though—I refused to do anything beyond essential upkeep while it was over there. The clutch master cylinder gave out, and so did the power steering. I didn’t even bother changing the oil; it was the same stuff that went in just before I left Japan the first time. Naughty. Power steering parts would’ve cost double with shipping and taxes, so knowing I’d be heading back to Japan, I just postponed it and powered through the arm workout. It took a solid three months to get the car back on the road. Registration was a nightmare this time around. There were a bunch of BS fees to navigate, and sourcing parts was a headache. I needed stock seats for shaken, mistakenly blew 34k JPY on some ENR34 seats—which, of course, didn’t fit—then ended up having the car’s technical sheet amended to register it as a two-seater with the Brides. Then there’s the GT86. Amazing car. Does everything I want it to do. Parts are cheap, easy to find, and I don’t care what anyone says—it’s super rewarding to drive. I’ve done a few basic mods: diff ratio, coilovers, discs, pads, seat, etc. It already had a new exhaust manifold and the 180kph limiter removed, so I assume it’s running some kind of map. I’ve just been thrashing it at the track non-stop—mostly Fuji Speedway now, since I need something with higher speed after all that autobahn time. The wheels on the R34 always pissed me off—too big, and it was a nightmare getting tires to fit properly under the arches. So I threw in the towel and bought something that fits better. Looks way cleaner too (at least to me)—less hotboy, less attention-seeking. Still an R34, though. Now for future plans. There are a few things still outstanding with the car. First up, the rear subframe needs an overhaul—that’s priority one. Next, I need to figure out an engine rebuild plan. No timeline yet, but I want to keep it economical—not cutting corners, just not throwing tens of thousands at a mechanic I can barely communicate with. And finally, paint. Plus a bit of tidying up here and there.  
    • The Bogan
      NC MX5

      By The Bogan · Posted

      Nope, needed to clearance under the bar a little with a heat gun, a 1/2" extension as the "clearancer", and big hammer, I was aware of this from the onset, they fit a 2.0 with this intake no problems, but, the 2.5 is around 15mm taller than a 2.0, so "clearancing" was required  It "just" touched when test fitting, now, I have about 10mm of clearance  You cannot see where it was done, and so far, there's no contact when giving it the beans Happy days
    • GoHashiriya
      From Japan and back to Europe, my sh*tbox R34 GTT

      By GoHashiriya · Posted

      It's been a while since I've updated this thread. The last year (and some) has been very hectic. In the second-half of 2024 I took the R34 on a trip through Germany, Italy, France and Switzerland - it was f*cking great. I got a little annoyed with the attention the car was getting around Europe and really didn't drive it that much. I could barely work on the car since I was living in an inner-city apartment (with underground parking). During the trip, the car lost power steering in France - split hose - and I ended up driving around 4,000kms with no power steering.  There were a few Nurburgring trips here and there, but in total the R34 amassed just shy of 7,000kms on European roads. Long story short, I broke up with the reason I was transferred to Europe for and requested to be moved back to Japan. The E90, loved it. It was a sunk cost of around EUR 10,000 and I sold it to a friend for EUR 1,500 just to get rid of it quickly. Trust me, moving countries f*cking sucks and I could not be bothered to be as methodical as I was the first time around.
×
×
  • Create New...