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Old 07-05-2004, 21:22   #1 (permalink)
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Have Swann Insurance gone nuts ?

Just received my renewal notice ,as my GT is coming up to be year old.
Last year i paid $1,759 for Comprehensive,NCB Protection ,Rating 1,No Finance on it and Market value which would have been $93,000 all up,which was not bad i thought.Well this years Premium has gone up to $3,301.01, as you can well imagine i was a bit flabbergast about it,looks like i'll be shopping around which dosent surprise me at all from what i hear about Ford Insure and their Insurance Broker Swann Insurance.Looks like they dont want our bussiness,in the mean time i'm waiting on a phone call from the manager to explain their reasons,should be interesting to hear their comments.
Cheers John
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Old 07-05-2004, 22:23   #2 (permalink)
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Re: Have Swann Insurance gone nuts ?

Reason they have put the premium up - because they can...
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Old 07-05-2004, 22:42   #3 (permalink)
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Re: Have Swann Insurance gone nuts ?

Quote:
Originally Posted by GTP 320
Just received my renewal notice ,as my GT is coming up to be year old.
Last year i paid $1,759 for Comprehensive,NCB Protection ,Rating 1,No Finance on it and Market value which would have been $93,000 all up,which was not bad i thought.Well this years Premium has gone up to $3,301.01, as you can well imagine i was a bit flabbergast about it,looks like i'll be shopping around which dosent surprise me at all from what i hear about Ford Insure and their Insurance Broker Swann Insurance.Looks like they dont want our bussiness,in the mean time i'm waiting on a phone call from the manager to explain their reasons,should be interesting to hear their comments.
Cheers John
Is that for an agreed value or market. If it is for market then they are doubly ripping you off. If it is agreed value what value do you have it insured for?

Steven
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Old 07-05-2004, 22:54   #4 (permalink)
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Re: Have Swann Insurance gone nuts ?

There has been a thread about this, and as it turns out, after the first year they just about double their premium for everyone. So don't feel too bad.
Start shopping around.
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Old 07-05-2004, 23:00   #5 (permalink)
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Re: Have Swann Insurance gone nuts ?

An intelligence test, eh Tick4d? To see if you're dumb enough to just pay it? Wonder if that's part of the agreement with Ford?
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Old 07-06-2004, 01:42   #6 (permalink)
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Re: Have Swann Insurance gone nuts ?

So what are the best prices around for the GTs, anyone with ideas ?
Cheers John
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Old 07-06-2004, 01:48   #7 (permalink)
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Re: Have Swann Insurance gone nuts ?

That's what they do John, and I'm affraid your biggest problem now if you look around at another insurer is finding one that will cover your mod's, mine also went up this yr but not as much as your's.
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Old 07-06-2004, 01:51   #8 (permalink)
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Re: Have Swann Insurance gone nuts ?

Quote:
Originally Posted by GTP 320
So what are the best prices around for the GTs, anyone with ideas ?
Cheers John
John, i work for CGU and could probably work you out a very competetive quote if you want to drop me a pm with you details.

Cheers,
Brad
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Old 07-06-2004, 01:57   #9 (permalink)
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Re: Have Swann Insurance gone nuts ?

I Believe most insurance companys have raised prices since last year, my 2003 rodeo is insured for 42k, first policy was $450, this year they want $580 ?
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Old 07-06-2004, 03:01   #10 (permalink)
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Re: Have Swann Insurance gone nuts ?

I ended up with CGU after doing the same exercise - mine had much the same rise as yours and I ended up with $1280 with CGU. A couple of others were in the same ball park but the CGU policy looked like the better deal.

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