Insurance Companies Rant....

[B1NZ]

The only real exception is AMI as they are a mutual, don't have to return a profit to shareholders.
.

They are the muppets I was with originally, After owning my AE111 Levin for 1 year they increased the premiums by $600p/A, politely told them to $&#$% off and took my business elsewhere.

IMO the "No claims bonus for life" isn't helping, Means everyone will eventually have it then people wont be scared of claiming, so increased claims and then increased premiums for everyone

[MercuryFree]

The only real exception is AMI as they are a mutual, don't have to return a profit to shareholders.
.

They are the muppets I was with originally, After owning my AE111 Levin for 1 year they increased the premiums by $600p/A, politely told them to $&#$% off and took my business elsewhere.

IMO the "No claims bonus for life" isn't helping, Means everyone will eventually have it then people wont be scared of claiming, so increased claims and then increased premiums for everyone

Friend of mine just insured his 1992 Honda Prelude non-vtec (granny spec) with AMI third party...they 'wouldn't cover theft in wellington' 0_o. Told him not to go with AMI but that guy does not listen!

I signed up with state this year and was given an EXCELLENT price compared to what I was paying last year. Gotta love that 65% no claims bonus and 10% linked policy discount...

[Loudtoy]

The only real exception is AMI as they are a mutual, don't have to return a profit to shareholders.
.

They are the muppets I was with originally, After owning my AE111 Levin for 1 year they increased the premiums by $600p/A, politely told them to $&#$% off and took my business elsewhere.

IMO the "No claims bonus for life" isn't helping, Means everyone will eventually have it then people wont be scared of claiming, so increased claims and then increased premiums for everyone

Friend of mine just insured his 1992 Honda Prelude non-vtec (granny spec) with AMI third party...they 'wouldn't cover theft in wellington' 0_o. Told him not to go with AMI but that guy does not listen!

I signed up with state this year and was given an EXCELLENT price compared to what I was paying last year. Gotta love that 65% no claims bonus and 10% linked policy discount...

Pray you never have to make a claim with either tower or state, been there done that switched everything to ami, am paying less in premiums than i was and when we have had to claim have been paid out within a week of the event both times. Interestingly one of the things i had to claim on was a motor bike and a trailer. Stolen at the same time, had the 5g for the trailer withing 3 days, bike was with state and 3 months later the assesor was still trying to decide how much it was worth, had only had it 2 months, had a receipt and photo's and everything, cops found it eventually before i got paid out for it which was lucky cos it was insured for less than what it was really worth

[dnalunchie]

dont know if anyone knows this but medicare, or medisure is an insurence company only for people in the medical field, nurses docs etc and they are the cheapest in nz, to put in perspective when i was 17 i brought 1991 gt legacy turbo, so around 2003, FULL cover was $300 peryear with a $250 excess, ... those were the days

[Alex B]

Reccomend hitting up STRX7's mrs. Did so with a quote on something a bit sporty. Theft excess through Megan was around $2200 cheaper than Clic

[rolla_fxgt]

dont know if anyone knows this but medicare, or medisure is an insurence company only for people in the medical field, nurses docs etc and they are the cheapest in nz, to put in perspective when i was 17 i brought 1991 gt legacy turbo, so around 2003, FULL cover was $300 peryear with a $250 excess, ... those were the days

Yeah had a flatmate with it, and it was ridiculously cheap for him, even his excess was only $200ish, which I couldn't believe. I think its called medical assurance.

[Bling]

Well tower insurance got some good advertising this morning on the breakfast show....

Forget the guys name now... someone will know it... but he does the news or something on tv1.....hmm what i'm trying to spit out is......

Had his bike stolen.... tower have taken 2 months and still waiting for something, sounds like all they will give him is a voucher to go buy another bike. Acceptable for voucher... but 2 f**king months??? What a joke Tower must be... imagine making a claim for a car

[fivebob]

What a joke Tower must be... imagine making a claim for a car

Or in my case a $55k tractor. Took them three months, and a lot of excuses to pay out. As soon as they did I changed insurers and wrote them a letter telling them that I was cancelling the policy because of their unprofessional conduct

[Dell'Orto]

Someone stole your tractor?

I know when my car got stolen, it took NZI 3 months to pay out...apparently they did that just in case the car turned up again.

[fivebob]

Someone stole your tractor?

I know when my car got stolen, it took NZI 3 months to pay out...apparently they did that just in case the car turned up again.

Nah, it burned to a crisp. \

[MAD FX]

IMO the "No claims bonus for life" isn't helping, Means everyone will eventually have it then people wont be scared of claiming, so increased claims and then increased premiums for everyone Confused


Funnily enough I was with Vero at the time AA introduced that (AA are part of the Vero group) and talked to the actuaries about it, apparently they took something like a 3% reduction in premium to do it. The NCB thing doesn't work as the full premium is so high that no one pays it, they all get a discount or find some way around it (parents insure their car), they'd be better off starting at the full NCD and penalising those who claim.

Actually an aside, that myth about females being better drivers, women in their 40's have a big spike in claims...but thats because they all insure their kids cars in their names. The useless crap I know...

[Dragger_Dan]

Rear engine FTW! Does it switch ends on high speed turns like a porsche?

[fivebob]

Rear engine FTW! Does it switch ends on high speed turns like a porsche?

Nah, it's a Ferrari

[Leon]

Pry you never have to make a claim with either tower or state,

Contents insurance, State. Submitted claim by email 5pm ish Friday. Got phone call Monday morning from State insurance. She got my bank account details, and put the money into my account.

Fingers crossed any car claims I have go that easily.

[rx7guy]

Ive got third party through towes insurance brokers in hamilton, Ive gone from a 1300 sentra to an fxgt to an ae85 with 4age and adjustables over about a year and still paying the same amount.

[pureadrenalin]

Pry you never have to make a claim with either tower or state,

Contents insurance, State. Submitted claim by email 5pm ish Friday. Got phone call Monday morning from State insurance. She got my bank account details, and put the money into my account.

Fingers crossed any car claims I have go that easily.

Mine have been. They haven't been thefts tho, just damage.
I drop it off on the pannel shop, pick it up a few days later. Haven't had to do a thing. Good on state so far from my perspective.

[B1NZ]

Haven't had any e-mails requesting a quote yet... >>megan@bayinsurance.co.nz<<

yes you have

[MercuryFree]

The only real exception is AMI as they are a mutual, don't have to return a profit to shareholders.
.

They are the muppets I was with originally, After owning my AE111 Levin for 1 year they increased the premiums by $600p/A, politely told them to $&#$% off and took my business elsewhere.

IMO the "No claims bonus for life" isn't helping, Means everyone will eventually have it then people wont be scared of claiming, so increased claims and then increased premiums for everyone

Friend of mine just insured his 1992 Honda Prelude non-vtec (granny spec) with AMI third party...they 'wouldn't cover theft in wellington' 0_o. Told him not to go with AMI but that guy does not listen!

I signed up with state this year and was given an EXCELLENT price compared to what I was paying last year. Gotta love that 65% no claims bonus and 10% linked policy discount...

Pray you never have to make a claim with either tower or state, been there done that switched everything to ami, am paying less in premiums than i was and when we have had to claim have been paid out within a week of the event both times. Interestingly one of the things i had to claim on was a motor bike and a trailer. Stolen at the same time, had the 5g for the trailer withing 3 days, bike was with state and 3 months later the assesor was still trying to decide how much it was worth, had only had it 2 months, had a receipt and photo's and everything, cops found it eventually before i got paid out for it which was lucky cos it was insured for less than what it was really worth

Interesting. I'd heard that State used to be as you say but in recent times they've pulled their finger out

[Loudtoy]

Pry you never have to make a claim with either tower or state,

Contents insurance, State. Submitted claim by email 5pm ish Friday. Got phone call Monday morning from State insurance. She got my bank account details, and put the money into my account.

Fingers crossed any car claims I have go that easily.

Mine have been. They haven't been thefts tho, just damage.
I drop it off on the pannel shop, pick it up a few days later. Haven't had to do a thing. Good on state so far from my perspective.

Only going with experience not hearsay

[dirty1]

We had a corolla that was rear-ended buy someone, we are insured with AMI. The car was insured for agreed value of $3300. Had a payment within a week. Then two weeks after that, AMI rung and said that because the other driver is insured with them but with only 3rd party they don’t pay the agreed value but they get an independent value and pay out that amount. Now they are paying us an extra $1200.
Wicked, paid insurance premiums for a car insured for $3300 and then get paid $4500.
It must help to have 2 cars, a house and contents all with one company.