Insurance knock-back by Suncorp

Sue and jeff,
Had same problem in Adelaide. Tried to find out what it would cost to insure a Silverado, SGIC said we would have to put our home and contents as well as our other car insurance with them or they would not insure it. AAMI said a Silverado is not on their list. Spoke to Shannons and they were terrific, reasonable quote and pleasant about it all. Just Car Insurance quoted a silly premium and $7000 and $14000 excess for accident and theft respectively. Try Shannons.

Jim

Hi Sue & Geoff

Insurance companies want it all their way, don't they?

Way back when i was a teenager working for an Elders branch which included insurance agency, because of the high percentage of motor vehicle claims, insurers started knocking back insurance for a single vehicle and would only cover if they got the whole package, eg including house and contents. It is even harder trying to get insurance for a teenager's vehicle, and if you can get it, premiums and excesses make it hardly worthwhile. Even harder getting insurance for an underage driver/owner who has a special licence to get to work.

When my renewal came this year (through an Elders Insurance Broker), i was horrified to see the premium for the F250 was over $1,000 so questioned it and the Broker went back to the underwriter and reduced it to just under $1,000. We have it insured at what we paid for it, but the insurer always has the clause something like "or market value if this is less". Fair enough in a way, otherwise we could all go out and insure our vehicles for squillions and then have a write-off accident. For some reason, the Red Book has the F250 valued at way below what we are paying, although it is supposed to reflect recent sales.

Motherhen

AAMI insure our F250 heaps of mods no problems $90,000 agreed value for under $800.00