Welcome to the Australian Ford Forums forum.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.

Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated.

Go Back   Australian Ford Forums > Club and Speciality Forums > Forum Community Car Clubs > AU Falcon.com.au

Reply
 
Thread Tools Display Modes
Old 10-06-2019, 08:41 AM   #1
Peuty
Afterburner + skids =
Donating Member1
 
Peuty's Avatar
 
Join Date: Dec 2004
Location: Skidsville
Posts: 12,133
Default Insurance thread

Hello everyone

So I got my renewal from Shannon's for the XR8 this week and the cheeky buggers are charging me almost 10% of the value of my car in premiums per year.

~$600 a year for just over 7k worth of cover. I want to look around but am conscious that a lot of insurers don't really want to be involved with our cars anymore so want to see who everyone is with.

So if you are comfortable sharing, what do you pay per year? Who are you with? What's the excess etc?

Surely I'm being stitched up!
__________________
Speed Kills. So buy an AU XR8 and live forever.

Oo\===/oO
Peuty is offline   Reply With Quote Multi-Quote with this Post
Old 10-06-2019, 09:24 AM   #2
Peuty
Afterburner + skids =
Donating Member1
 
Peuty's Avatar
 
Join Date: Dec 2004
Location: Skidsville
Posts: 12,133
Default Re: Insurance thread

Aaand i posted this in the wrong area - can a mod pretty please put this in the main AUFalcon.com subforum?
__________________
Speed Kills. So buy an AU XR8 and live forever.

Oo\===/oO
Peuty is offline   Reply With Quote Multi-Quote with this Post
Old 10-06-2019, 09:59 AM   #3
fordomatic
Donating Member
Donating Member1
 
fordomatic's Avatar
 
Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,525
Default Re: Insurance thread

I just third party my XR8 as they all want around $70 a month for agreed value of 10k, not worth it for me.

The T3 is with Lumleys, 5000km a year, agreed value of 28k and $60 a month with salvage rights and choice of repairer. I’ll be changing to enthusiast insurance which is 4000km a year and $45 a month.

I’d comp insure the XR8 but why would I pay more for 1/3rd the value of the T3 it’s actually rediculous. It costs me $12.50 a month for third party and unless it got written off bad I’d recoup 5k easily in parts. I’ve taken the gamble.
__________________
Proud owner of the ugliest Ford ever made
fordomatic is offline   Reply With Quote Multi-Quote with this Post
5 users like this post:
Old 10-06-2019, 10:09 AM   #4
Peuty
Afterburner + skids =
Donating Member1
 
Peuty's Avatar
 
Join Date: Dec 2004
Location: Skidsville
Posts: 12,133
Default Re: Insurance thread

Thanks mate, this is exactly the intel I was after. Going third party was also a consideration and your thought process does make sense.

Reality is if I crashed the XR8, even in a minor way, Shannon's would probably write the thing off anyway. In which case I'd part the thing out.
__________________
Speed Kills. So buy an AU XR8 and live forever.

Oo\===/oO
Peuty is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 10-06-2019, 11:05 AM   #5
GasoLane
Former BTIKD
Donating Member2
 
GasoLane's Avatar
 
Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,233
Default Re: Insurance thread

This isn't my patch Dan but I've asked another Mod to move it.

I'm with Coles, which used to be Wesfarmers but is now owned by the NRMA group. Car is insured for agreed value $17,760 and costs $684 pa with a $700 excess.

I bumped into a Roo last year causing $10,500 damage. Policy was renewed in January this year with no price increase.

RE: 3rd party property ins. With the Kangaroo population around here I'm not at all interested

Edit....monthly is $57
__________________
Dying at your job is natures way of saying that you're in the wrong line of work.
GasoLane is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 10-06-2019, 11:20 AM   #6
fordomatic
Donating Member
Donating Member1
 
fordomatic's Avatar
 
Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,525
Default Re: Insurance thread

Gaso, the problem is AUXR8’s you won’t get agreed value higher than 5k on the cheap insurance companies. On top of that if you go market value and you get hit you’ll get 3k and they get your car.

I delved pretty deep into my decision, like all things it’s a gamble.
__________________
Proud owner of the ugliest Ford ever made
fordomatic is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 10-06-2019, 11:26 AM   #7
PG2
#neuteredlyfe
Donating Member2
 
PG2's Avatar
 
Join Date: Apr 2012
Posts: 10,302
Default Re: Insurance thread

To insure my car it costs me effectively $37.50 per month for an agreed value of $6000.

If it does cost you $12.50 for third party property then effectively it is costing me $20 per month to insure my XR8 comprehensively.

For $20 per month, I don't have to worry about if someone hits me and trying to get them to pay for it. If I have an accident, I give my version of events to the insurance company and they look after it all.

As you say, it is a risk whether you insure it or not.
PG2 is offline   Reply With Quote Multi-Quote with this Post
5 users like this post:
Old 10-06-2019, 11:57 AM   #8
fordomatic
Donating Member
Donating Member1
 
fordomatic's Avatar
 
Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,525
Default Re: Insurance thread

Quote:
Originally Posted by PG2 View Post
To insure my car it costs me effectively $37.50 per month for an agreed value of $6000.

If it does cost you $12.50 for third party property then effectively it is costing me $20 per month to insure my XR8 comprehensively.

For $20 per month, I don't have to worry about if someone hits me and trying to get them to pay for it. If I have an accident, I give my version of events to the insurance company and they look after it all.

As you say, it is a risk whether you insure it or not.
It all depends on where you live as well, of course, I can’t even get close to that figure, closest I could get is $50 a month with no salvage rights. I want salvage rights, a lot of money in parts on my car I’d want off.

I’m not trying to sell third party either, I have comp on the T3. For me $800 a year for 10k agreed is crazy. With my third party I get $5500 if the other party is at fault and no insurance. Any hit in these cars is going to write them off pretty much.
__________________
Proud owner of the ugliest Ford ever made
fordomatic is offline   Reply With Quote Multi-Quote with this Post
4 users like this post:
Old 11-06-2019, 07:21 PM   #9
Strattos
Regular Member
 
Strattos's Avatar
 
Join Date: Oct 2011
Location: Mildura
Posts: 353
Default Re: Insurance thread

Good timing with this thread, as I've just received my Shannon's renewal and definitely looking to review as it's getting ridiculous.

Renewal for me is $928 for agreed value of $7000. Excess is $650.

Seems a bit rich compared to the figures you guys have been quoting. I've informed Shannons of the mods to my car in the previous quote when I signed up - would that have increased it this much?

I live in country Victoria. Am 45 and have no accidents, traffic infringements or claims in the past five years.
__________________
Current: 2000 AUII XR8 manual ute.
1966 XP Pursuit ute.
2012 Honda Euro manual (daily drive)

Past: 1984 XE Falcon sedan 4.1L.
Strattos is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 12-06-2019, 11:59 AM   #10
Peuty
Afterburner + skids =
Donating Member1
 
Peuty's Avatar
 
Join Date: Dec 2004
Location: Skidsville
Posts: 12,133
Default Re: Insurance thread

Well it's nice to know that it isn't just me being stitched up on full comp with Shannons.

I called them up and asked what the go was, they managed to trim the premium a little bit, but not by much. As far as I am concerned, $600 a year for a nearly twenty year old Falcon is a bit steep.
__________________
Speed Kills. So buy an AU XR8 and live forever.

Oo\===/oO
Peuty is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 12-06-2019, 02:47 PM   #11
PridenJoy
Donating Member
Donating Member1
 
Join Date: Nov 2011
Location: Melbourne
Posts: 4,591
Valued Contributor: For members whose non technical contributions are worthy of recognition. - Issue reason: For his contributions to the forum, especially showcased with his highly detailed AU build threads. He is a fountain of AU knowledge. 
Default Re: Insurance thread

All my cars are with Enthusiast.

My XR8 is insured for $20k and roughly $45 a month with salvage rights.
PridenJoy is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 12-06-2019, 04:36 PM   #12
galaxy xr8
Giddy up.
 
galaxy xr8's Avatar
 
Join Date: Dec 2004
Location: Kramerica Industries.
Posts: 15,626
Default Re: Insurance thread

Mine is with Lumleys I think for memory around $50 a month, with an agreed value of 18k, it's one of the four vehicles I own that I don't have to each year when renewal time comes round , that I have to ring up and bump up the agreed value, I have been with them for a few years now and they have maintained that agreed value throughout the whole process.
galaxy xr8 is online now   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 12-06-2019, 07:16 PM   #13
Strattos
Regular Member
 
Strattos's Avatar
 
Join Date: Oct 2011
Location: Mildura
Posts: 353
Default Re: Insurance thread

Based on your deals Sam and Galaxy, think I'll be giving Enthusiast and Lumleys a bell....
__________________
Current: 2000 AUII XR8 manual ute.
1966 XP Pursuit ute.
2012 Honda Euro manual (daily drive)

Past: 1984 XE Falcon sedan 4.1L.
Strattos is offline   Reply With Quote Multi-Quote with this Post
4 users like this post:
Old 13-06-2019, 10:16 AM   #14
falcongt4me
TSCoA member Qld
 
falcongt4me's Avatar
 
Join Date: Jul 2005
Location: In a house on a hill
Posts: 702
Default Re: Insurance thread

Famous is another one to consider and is comparative to Enthusiast mileage to mileage.

Just be aware that Enthusiast stipulate mileage (km) per year and their premium is based on that. If you go over it during the insured period you will have to fork out more accordingly or you won't be covered.

Enthusiast are cheap if you do little km's per year whereas Famous allow a little more flexibility ie weekend driver not daily.

fyi
__________________
Cheers,
Martin Mac.


2002 AUIII TS50 Liquid Silver #206 (ex NZ)


T-Series Club of Australia member; QLD

falcongt4me is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 13-06-2019, 07:44 PM   #15
Strattos
Regular Member
 
Strattos's Avatar
 
Join Date: Oct 2011
Location: Mildura
Posts: 353
Default Re: Insurance thread

Got a quote from Enthusiast today, and what a difference.

Just under $398 premium, for agreed value of $10,000. $650 excess. I chose 6000kms/year for the quote. Looking into some of the finer print but looks the goods given the kms I normally do each year - one of the things I'm checking for is the need to keep a log book to record kms.

Not sure how much the premium goes up with additional kms a year, but I might get revised quote for 8000 for a bit of a buffer and see how much the premium goes up.

But so far night and day compared the Shannons renewal quote in my earlier post.

Just on Enthusiast though - was digging around while researching today and found the following story, which relates to Enthusiast's parent company. I know nothing about the finance/insurance world and how it works - is this of any concern?

https://www.insurancenews.com.au/cor...nder-new-owner
__________________
Current: 2000 AUII XR8 manual ute.
1966 XP Pursuit ute.
2012 Honda Euro manual (daily drive)

Past: 1984 XE Falcon sedan 4.1L.
Strattos is offline   Reply With Quote Multi-Quote with this Post
Old 13-06-2019, 08:42 PM   #16
Whitey-AMG
AWD Assassin
 
Whitey-AMG's Avatar
 
Join Date: Dec 2004
Posts: 8,193
Default Re: Insurance thread

Quote:
Originally Posted by Strattos View Post
Got a quote from Enthusiast today, and what a difference.

Just under $398 premium, for agreed value of $10,000. $650 excess. I chose 6000kms/year for the quote. Looking into some of the finer print but looks the goods given the kms I normally do each year - one of the things I'm checking for is the need to keep a log book to record kms.

Not sure how much the premium goes up with additional kms a year, but I might get revised quote for 8000 for a bit of a buffer and see how much the premium goes up.

But so far night and day compared the Shannons renewal quote in my earlier post.

Just on Enthusiast though - was digging around while researching today and found the following story, which relates to Enthusiast's parent company. I know nothing about the finance/insurance world and how it works - is this of any concern?

https://www.insurancenews.com.au/cor...nder-new-owner
Reputable underwriters are APRA registered. It gives you some peace of mind that they are legit and functioning correctly and to a standard.

https://www.apra.gov.au/register-general-insurance
__________________
Old RIDE
2006 BFGT
Gone but not forgotten

New RIDE
2018 AMG Mercedes A45
Angry AWD assassin
Whitey-AMG is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 13-06-2019, 10:05 PM   #17
FTE217
T3/Sprint8
Donating Member2
 
FTE217's Avatar
 
Join Date: Jan 2005
Location: Australia
Posts: 15,871
Default Re: Insurance thread

Ryno is my go to after I got the pooops with Shannons.
__________________
Tickfords T3/TS50 '02
Sprint8 manual Sept 24 '16
Daily Macan GTS
"Don't believe everything you read on the internet. Abraham Lincoln"
FTE217 is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 01-10-2019, 05:45 PM   #18
Peuty
Afterburner + skids =
Donating Member1
 
Peuty's Avatar
 
Join Date: Dec 2004
Location: Skidsville
Posts: 12,133
Default Re: Insurance thread

Just to bump this thread - I finally got around to switching my cover from Shannons to Enthusiast. $200 cheaper premium, with salvage rights and 5000km per year. I'm fairly happy with that.

Shannons weren't terribly interested in keeping me as a customer when i called up to compare the quote from Enthusiast, despite them pointing out I had been with them since 2008.
__________________
Speed Kills. So buy an AU XR8 and live forever.

Oo\===/oO
Peuty is offline   Reply With Quote Multi-Quote with this Post
3 users like this post:
Old 01-10-2019, 08:27 PM   #19
fordomatic
Donating Member
Donating Member1
 
fordomatic's Avatar
 
Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,525
Default Re: Insurance thread

Quote:
Originally Posted by Peuty View Post
Just to bump this thread - I finally got around to switching my cover from Shannons to Enthusiast. $200 cheaper premium, with salvage rights and 5000km per year. I'm fairly happy with that.

Shannons weren't terribly interested in keeping me as a customer when i called up to compare the quote from Enthusiast, despite them pointing out I had been with them since 2008.
Yeh, all my AU's are now with enthusiast. One of the T Series Club members just had a claim with them and couldn't praise them enough. No other insurance company could even come close to the price I got with enthusiast.
__________________
Proud owner of the ugliest Ford ever made
fordomatic is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 02-10-2019, 11:50 AM   #20
macman
FF.Com.Au Hardcore
 
macman's Avatar
 
Join Date: Jun 2006
Location: Western Australia
Posts: 2,195
Default Re: Insurance thread

My AU2 Ghia is with SGIO 3rd party for $200 a year, but this also includes up to $5,000 damage to my vehicle if the other driver is at fault and uninsured.

Like fordomatic says above, I figure this is the most logical choice for any of my cars worth >$5,000. At the end of the day, although my AU Ghia is a nice car, I would be struggling to sell it for $2,500 on a good day.

If I cause repairable damage to my car, I will bear the cost. If I write it off, I know I should be able to get $2,500 back from parts (give or take).

Obviously if someone else hits my car and IS insured, their insurance sorts it out anyway so I think that effectively covers me well.
macman is offline   Reply With Quote Multi-Quote with this Post
Old 02-10-2019, 03:27 PM   #21
Peuty
Afterburner + skids =
Donating Member1
 
Peuty's Avatar
 
Join Date: Dec 2004
Location: Skidsville
Posts: 12,133
Default Re: Insurance thread

Thats a decent strategy too macman
__________________
Speed Kills. So buy an AU XR8 and live forever.

Oo\===/oO
Peuty is offline   Reply With Quote Multi-Quote with this Post
Old 02-10-2019, 03:49 PM   #22
73 4V XB
Frankenford pilot
Donating Member1
 
73 4V XB's Avatar
 
Join Date: Feb 2008
Posts: 18,270
Default Re: Insurance thread

What’s the go with the km limits on Lumley insurance. I’ve been with them for ~5 years and never been asked or told about limited km’s. Could it be that I’m on club reg maybe
__________________
Cheers Bretto


73 XB GT
Last of the Big Ports
73 4V XB is online now   Reply With Quote Multi-Quote with this Post
Old 22-10-2019, 03:09 PM   #23
ebv8
FF.Com.Au Hardcore
 
ebv8's Avatar
 
Join Date: Jan 2005
Location: Wollongong
Posts: 3,109
Default Re: Insurance thread

i have my AU1 Futura insured for $7k with shanons and pay about $600pa
to get to the agreed value i listed all mods and work done and they came to that figure
i think if you have low km's they will insure high

My BA GT is insured with enthusiast for $30k with salvage rights laid up for about $400pa, shannons would only insure for $18k and that was $500pa, shannons didn't care it was a 1of1 or any of that
__________________
CURRENT RIDES
BA GT Mk1 #0009 - Narooma Blue
SY Ghia AWD
Black VZ LX8 Adventra
Holden HX 50th Anniversary
AU Saloon Car racecar
1980 GS1000ST - Wes Cooley Rep
ebv8 is offline   Reply With Quote Multi-Quote with this Post
Reply

Thread Tools
Display Modes

Forum Jump


All times are GMT +11. The time now is 08:44 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Other than what is legally copyrighted by the respective owners, this site is copyright www.fordforums.com.au
Positive SSL