Insurance Hike

[KUN26RLux]

I have owned my KUN26R since new in 2014. No insurance claims ever. Premium went from $860.00 last year to $1480.00 this year!
After checking other companies, it appears my premium is cheap.
Agreed value 35k, windscreen option ticked, $1000 excess.

[Gipsy]

Insurance companies have a!ways gouged their customers, it's how they operate.... They know we have very little alternative.

[TheGruffulo]

What is the name of the company? That's ridiculous.

[dave g]

All insurance companies have put up premiums to cover there losses from floods and fires.

[Gipsy]

Yeah and don't pay out... Tell me about it
10 years ago my house was smashed in a storm, roof lifted off and the insurance company wouldn't pay unless I replaced the roof at my expense... $1000 excess and the measly bastards painted the ceiling for $500. Roof cost $10k
I have paid house insurance for over 50 years without any claims so I guess they made a big profit on my premium.

Not so bad if you can prove it wasn't your fault and they can bill the other party's insurance! So who do they bill if a storm did the damage?

What they do count on is that if they don't pay up you will go to another company for insurance only to find out that they are all connected to each other and the underwriter. It's like a daisy chain, as you have claimed you are more of a liability and the premium goes up again!

[Rob_Wood]

Don't forget COVID, Allianz claimed COVID on our claim when Philippines Airlines clearly stated that flights were cancelled due to aircraft breakdowns.. cost us increased flight costs with consular loans just to get home. Phil' Airlines of course refused any suggestions of refunds for the flights they chose to cancel.
2 more mobs I'll do my utmost to avoid using in future.

[KUN26RLux]

What is the name of the company? That's ridiculous.

QBE

[KUN26RLux]

Update. Now insured with GIO. Agreed value 34k. Windscreen box ticked. No hire car. $2695 excess…..yes you read correctly, $2695 excess. Premium $686.00.
As I have never made a claim and paid myself for such misadventures as dented tailgate 5 years ago, I think this will suit me but perhaps not suit everyone.

[trd2000]

mine did the same, but last year. went from $760 when i got it to about 900 after 2 years, then last year went to $1600 and this year was $2k. insane. That's just for 'regular' insurance, only good thing is its now so much that i can compare offroad companies that cover better supposedly.

[dave g]

Have yous got much gear fitted to your hiluxs on the agreed value
What claims have you had

[Rob_Wood]

Have yous got much gear fitted to your hiluxs on the agreed value
What claims have you had

I've got the highest agreed value I could get out of NRMA, but it still doesn't cover the extras, I've been looking at the Club 4X4 policies, but the premiums are just way too high for me.

[dave g]

Rob
33 agreed value for ute extres 34 which includes fitting cost . $67000 $1565 premium $1800 excess
With off road recovery Had 1 claim when I cleaned up a BMW and 1 when a old lady decided to make right turn from the left lane of 3 and got pitted around the front. Both times I had on penal damage at all thanks to the ball bar and side rails just paint and the buffer on the bar still a pain in the but. And at my repairer
Club 4x4 was good to del with both times
So if yous are paying high premiums for 34 and all the extras not covered if you write it off they rub there hands together on the salvage they add the extra

[Rob_Wood]

Rob
33 agreed value for ute extres 34 which includes fitting cost . $67000 $1565 premium $1800 excess
With off road recovery Had 1 claim when I cleaned up a BMW and 1 when a old lady decided to make right turn from the left lane of 3 and got pitted around the front. Both times I had on penal damage at all thanks to the ball bar and side rails just paint and the buffer on the bar still a pain in the but. And at my repairer
Club 4x4 was good to del with both times
So if yous are paying high premiums for 34 and all the extras not covered if you write it off they rub there hands together on the salvage they add the extra

I am aware of all of this, but for a pensioner paying a mortgage where every single penny counts it is impossible to get what most people might consider to be a "Fair Deal". At our level we just take what we can get and suffer the ignominious pain of defeat.

[dave g]

No dig at you Rob or anyone else every body is in deferent financial position. I was just posting out to the ones how are paying the same premiums for the vehicle only they cood caver the lot.

[Rob_Wood]

No dig at you Rob or anyone else every body is in deferent financial position. I was just posting out to the ones how are paying the same premiums for the vehicle only they cood caver the lot.

Dave, it wasn't taken as a dig. In fact if anyone is digging it's the Insurance companies and they seem to be digging in my pockets for gold when there's only Sandstone & Dust.