Insurance Price increases?

[AE86less]

I just wondered if insurance prices had increased in the last little while? (3-4 months)

About 4 months ago I was in the process of getting my aw insured (I crashed the day before i confirmed the policy ) At this stage I had the car valued at $3.5k, I was quoted $710.08 p/y by John Rae Insurance.

After I crashed I decided not to pay insurance for a car i wouldn't be driving, so I didn't bother. I got back to the person I was dealing with at John Rae with a new value of $4.5k and she said due to price increases the best she could do was $1,482.68.

This is exactly $772.60 more, or more than double the original quote. I expected the premium to go up with the car insured for more but I simply can't believe that price increases in no more than 4 months would double the price. Should I be complaining?

[cogent]

That must be a damn near mint AW for a value of $4.5k

[AE86less]

It is.

Perfect panel work, no rust, brand new paint, 25km since a $3.5k engine and clutch rebuild by toyota which was done in 1993.

[Voyeur]

Did you tell them it had been crashed, and repaired? this often increases the cost of the premium, as it shows a history of possible claims.

[AE86less]

No I didn't. There is no official record of the crash anywhere, only a chunk of bark missing on a tree in Howick.

They already knew about my previous crash and tickets, i did it all legit the first time.

[Voyeur]

Do you have a mortgage, or long history with a bank, just rang mine to enquire. 4.5k cover $500 excess full insurance for over 25 = $14.26 per fortnight (BNZ premiercare) but i have a mortgage home & contents insurance, 2 cars and a motorbike insured with them. IAG is the insurance underwriter. try them

[AE86less]

I have a 13 year history with ASB (been there since I was 5). When I went to them (before I tried John Rae) they said $1200 p/y for 3rd party and wouldn't give me full cover.

EDIT: Would it be cheaper if I insured my other 2 cars with them for a while? Just 3rd party? Neither of them are drivable.

[Voyeur]

I had the same problem when i was with westpac, and the wife did with asb, now we have a mortgage and are with bnz, everythin is sweet
I would ring the local bnz, and asked to be put though to insurance, ask the questions, they may try and sway you to the dark side, but its worth a try. For a $900 a year saving i would swap banks

[AE86less]

I had the same problem when i was with westpac, and the wife did with asb, now we have a mortgage and are with bnz, everythin is sweet
I would ring the local bnz, and asked to be put though to insurance, ask the questions, they may try and sway you to the dark side, but its worth a try. For a $900 a year saving i would swap banks

QFT.

I guess i'll just have to try shopping around again.

It said in the consumer magazine that insurance prices have come down since last year...

[cogent]

Can anyone reccomend a good insurance agent for me to try for insurance?
car is a 1996 RX7, catback exhaust, headunit, 17" wheels and some mazdaspeed strutbraces.
im 20, turning 21 in a week, 2 speeding tickets (neither more than 15k over) and 1 ticket for no wof (i was outside the garage i was going to!). Have full license. car is alarmed and garaged each night, cannot be seen from the road. garaged in a rural area.

Currently with NAC who are loving the $1500 premium.

[AE86less]

[/thread hijack]

[Bling]

yep mine went up at its annual renewal a couple months back. not much tho as I hadn't changed anything on my policy.

perhaps it comes down to mainly the increase in value in your case, I dunno. Try ask for a price for the original value and see what they come to you with.

[neo]

Yeah all my automotive insurance policies increased this year. My insurance with John Ray went up 30% for the racecar...

Too many ppl crashing , also note the insurance for car club events has gone up also, so expect the events to cost more

[GTCRSHR]

Try Insure direct, heres the number 0800 505 885

they gave me insurance on my corolla with mods

quite reasonable at under 500 per year

alarm and garaged make a big difference to them from what i could figure out

great to deal with

[flygt4]

i am with insure direct tho i have heard some bad stories about them.
they have been prompy with my glass cover claims though.
i found i jumped up 20$ a month just by moving house from tawa to upper hutt when i changed from restricted to full license they also claimed i has reached their minimum premium and there was no reduction