Insurance Questions - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars

bevans000 · 02-09-2003, 18:28

Hey Guys,

Just wanted to get some feedback regarding insurance companies.

I ordered an new XR8 ute on the weekend and was seeking some advice regarding peoples preferences to insurance companies.

I usually just go through NRMA. Would it be better to use a more specialised insurer or are they OK.

I have 60% NC bonus and good driving history.

thanks for the help.

-bs-

gossman · 02-09-2003, 18:40

go for ford insurance! i did, i'm 21 and they gave me a rating 1 for my turbo ute i'm getting, cost me about $940 to insure it, so give them a go and i reckon they'd be pretty hard to beat!

JR · 02-09-2003, 23:10

Don't start me on Insurance companies!!!

Bevans000, Like you, I thought NRMA were pretty good until I got the BA. I live in the most expensive insurance suburb in Australia (Cabramatta, NSW), and have been with NRMA for about the last 5 years, mainly for a) the convenience of pay-by-the-month, and b) no hassles about lack of a secure garage in my suburb.

I am over 30, and have held a 60% NCB (Rating 1) for 4 years.

The new XR6 was to be insured for an agreed value of $46500, which was the on-road drive away cost. When I switched my NRMA insurance from the old car to the new car, I was informed their full year premium would be $2448.

After initial pre-purchase quotes of around $2000, even I baulked at this increase, and started to shop around. After 3 days of calls, Allianz got my business with a quote of $1349 - a saving of $1099!!!

This policy also includes a new-for-old replacement clause in the first 12 months of the vehicles' life.

While policy prices vary wildly from state to state and suburb to suburb, I feel this difference is indicative of the surcharge you pay to cover the legal costs of the NRMA's continuing legal battles over the make up of its board of directors. As that's not something I feel the need to subsidize, I've gladly taken my business elsewhere.

Apart from the merits of peoples past experience with different companies in regard to the ease of claim experience, I'd say this should at least cause ANYONE who has a current policy with NRMA, that they - like me - would blindly renew each year, to at least look around at the alternatives available.

Many have also recommended FordInsure for new vehicles, and I've not heard anything bad about them, though I am told they don't offer the pay-by-the-month option if that is your preferred method of payment. Perhaps another member could confirm or deny this.

Hope this is of some help.

Cheers
Jason

bevans000 · 02-10-2003, 02:11

I rang NRMA after I posed the question on here. They quoted me $1055.00 for the XR8 ute. Strange hey.

-bs-

JR · 02-10-2003, 04:01

Location is everything in Sydney.

Emu Plains compared to Cabramatta - you may as well be 1000 miles into the bush compared to me - They quoted me over $4500 for an XR8 in my area!!!

Bluey · 02-10-2003, 13:11

Most companies charge extra for pay by the month - usually around $15 - 20 per month or so... in the end the cost works out about the same as putting it on your credit card paying 1/12th off each time and paying the interest.

Vinno · 02-11-2003, 02:26

Yes JR we spoke about NRMA on the newcastle cruise. Maybe you should consider moving out to the plains. It would be good to have some Ford Forumers out hear.

XR8MATT · 02-11-2003, 04:08

Definately steer clear of AAMI. They are the cheapest for me to insure the wife's XR6T ($877) and NRMA is ($1560) but due to all the hassles with the theft of my XR8 we are paying the extra and going with NRMA. Peace of mind and satisfaction basically. The crap we are getting dragged through with AAMI is unbelievable, and it has been just short of 3 months and I still have not been paid out for my car. They have referred it to an external investigation company. We have referred it to our solicitor and he is in the process of filing court proceedings. Father in-law had a mate who had a $3000 old commadore, and it was stolen and when he made a claim they put him through the same crap as us. I wouldn't wish this upon my worst enemy. But, all insurance companies have their perks and lurks. I personally don't know how the bastards sleep at night!

BlueXR6Turbo · 02-11-2003, 06:15

Quote:

Originally posted by XR8MATT
I personally don't know how the bastards sleep at night!

All the money that they steal from us probably makes a very comfortable pillow!