Is It Just Me Or Have Insurance Premiums Skyrocketed?

[zebra]

Serious.jpg?

My commodore is cheap as through Shannon's

Could prob get a better deal elsewhere too, but I like shannons

Don't forget it isnt just the value of a car it's the cost of replacement parts

What's a windscreen for an r34 worth? Or a front guard or bumper? Compared to a new hsv?

So IMO if you expect your imported, hard to get parts for high risk car to be cheap to insure than you have another thing coming

But it does seem to be limited to skylines though, the soarer and supra were much cheaper than the r33.

Because when was the last time you saw a soarer on the news for crashing though a house after street racing

[Cassbo]

For me, JCI charged me half in comparison to last year's premium for my Riceline...

[oweban]

Yep - brand new driver's window for a VT commodore would be a couple hundred from O'Briens - same window for my R33 was $1800 from Nissan. $1800!!!!!! Thank gawd I didn't have to pay for it.

And THAT is why insurance premiums are high for imports. Replacing busted with new parts costs a BOMB.

[34GeeTeeTee]

Windscreens are cheap at least..... $295 fitted! They arent covered by Just Car but it doesnt matter.

[R31Nismoid]

nah, its more cause Australian companies are crooks and monopolise industries and the gov lets it happen

I bet the majority of them are underwritten by the same big 4-5 global co's anyway.

Shannons & Just Cars are now under Suncorp for instance

[cherring]

Shannons & Just Cars are now under Suncorp for instance

Really? Wasn't Just Car under AAMI before??

[sydking]

$1400 here, r33 gtr (justcar) standard excess

Under 25

Really? far out my quote was like 3k pa under 25. Did you disclose every mod? i think thats what got me.

[BlackTemplar]

Might be worth ringing up and getting a quote from Lumley SV. I got a quote from Just Car, and Lumleys was almost half of what Just Car was

insert disclaimer here about different circumstances etc

[R31Nismoid]

Really? Wasn't Just Car under AAMI before??

Suncorp own AAMI as well

[oweban]

ITT Suncorp owns the rights to your life

[sydking]

Suncorp own AAMI as well

Yes they also own, Apia, Just Car Insurance, Shannons, InsureMyRide, Vero, Terri Scheer, Bingle, CIL, Asteron and Tyndall insurance brands in Australia, and Vero, Asteron, Guardian Trust, Tyndall, Vero Marine, Vero Liability, AA Insurance, SIS, CMV/AXIOM, Mariner, Comprehensive Travel Insurance and Autosure brands in New Zealand

Id say there doing quite well with there foot in the insurance industry

I know through Asteron alone our company puts in about $200k of premuims per year. Which is stuff all.

[GTR-N1]

Ash's right.

Suncorp owns AAMI, Just Car, Shannon's, Aust Alliance & Aust Pensioners' Insurance.

Wesfarmers owns Lumleys SV, Bunnings, Coles, Target

Edit* I just saw sydking's post

[R31Nismoid]

The higher up the food chain in a lot of larer business you go, you'll find the same groups on many of the varying subsidiaries in various industry - some even compete against each other! but end of the day profits end up in the one place.

It's very interesting if you wanted to look into it.

Wesfarmers is another big one to dig around and find they have thier fingers in MANY pies as Terry said

[sydking]

The higher up the food chain in a lot of larer business you go, you'll find the same groups on many of the varying subsidiaries in various industry - some even compete against each other! but end of the day profits end up in the one place.

It's very interesting if you wanted to look into it.

Wesfarmers is another big one to dig around and find they have thier fingers in MANY pies as Terry said

Yep, Like the old duracell vs energiser battery adds. They were the same company. If im correct its called Black marketing

[ianjb]

The higher up the food chain in a lot of larer business you go, you'll find the same groups on many of the varying subsidiaries in various industry - some even compete against each other! but end of the day profits end up in the one place.

It's very interesting if you wanted to look into it.

Wesfarmers is another big one to dig around and find they have thier fingers in MANY pies as Terry said

westarmers is formerly Coles Myer right?

Are all these "Owned" by or just backed / underwritten by the big co's?

I know allianz and GIO underwrite a lot of insurance in aus

[GT-T 1998]

im 22 with a gt-t with 2 crashes within the past 2years, crashed the work car twice lucky not the skyline .

with enough mods to almost tick all the boxes on just car website and its $1975 this year valve $18700 excess $1400.

first year with just car was 2600

second year 2200

this year 1975

cant complain

[R31Nismoid]

westarmers is formerly Coles Myer right?

Are all these "Owned" by or just backed / underwritten by the big co's?

I know allianz and GIO underwrite a lot of insurance in aus

Owned in most cases

Kinda not really on topic anymore though lol. Underwritten is another point entirely as well haha.

[D_I_F]

doesnt matter what these guys pay. unless they live at same address, same driving history, same car, value, usage, claims history, multi vehicle discounts, other discounts, garaging etc etc blah blah if the price wasnt the same id ask around, however as everyone is different, everyones premium will be different. plus its a GTR. if you had a pre 80s classic with Shannons then you'd be laughing, but an import/GTR in western Sydney - bend over!!

+2

Differences in premiums due to different geographical locations is one thing, but a near-doubling of premiums in the space of a couple of years is another. I'm thinking that the reduced prices of imports means more hoons can afford them, write them off and subsequently make an insurance claim? That's probably behind the increased premiums. Anyway it just seemed odd that premiums had gone up a considerable amount since I last had a GTR.

Mate everything goes up, if you want the car it's just something you have to take into consideration.

Why don't you move to a better area?

nah, its more cause Australian companies are crooks and monopolise industries and the gov lets it happen I bet the majority of them are underwritten by the same big 4-5 global co's anyway.

Maybe you should take a look at the loss ratio on the cars..

Shannons & Just Cars are now under Suncorp for instance

They are owned by Suncorp, not underwritten..

Suncorp own AAMI as well

Really? Wasn't Just Car under AAMI before??

Just Cars is still underwritten by AAMI..

westarmers is formerly Coles Myer right? Are all these "Owned" by or just backed / underwritten by the big co's? I know allianz and GIO underwrite a lot of insurance in aus

GIO are owned again by suncorp

[Hadouken]

Really? far out my quote was like 3k pa under 25. Did you disclose every mod? i think thats what got me.

Check this,

All mods listed and if i move from sydney to central coast i get $200 back

[oweban]

If I move from Liverpool back home to Albion Park Rail, my premiums are about half