[lilkriss]

So this morning I woke up to find my insurance renewal from RACV waiting for me. Historically, I've simply paid it and continued living my life as per usual.

Today however, I decided to call them and ask, "Hello Mr RACV. I see on my policy you state that you have covered my vehicular contraption for what is noted as the market value. May I ask what this market value is my good sir?" to which Mr RACV responded, "Most certainly Mr S2000 owner, you vehicle is covered for a market value of $7,900". I was horrified. Actually, horrified would be grossly understating my response but it seems inappropriate to list down the obscenities that followed. I went on to ask if I could insure my dearest automobile at an agreed value to which Mr RACV responded, "Well of course! You can insure it all the way up to $11,000

In any case, I'm sure you'll all agree that an S2000 (even with half of it missing), is worth a whole lot more than $7,900 (or even $11,000 for that matter).

My question is this. Have any of you fine gentlemen been able to insure your car in the vicinity of $20,000 or more agreed value because to me, $7,900 is an absolute joke.

[kida2k]

I had a similar issue with nrma where the max value they will cover me for is around 24,000 even though I had purchased the car for more than that.


I believe Shannons is the way to go

[ahondafan]

Understand your concern. 19,000 with Suncorp ATM.
May 2012, moved to Shannons. Still 19,000 agreed value, less expensive slightly.

This post has been edited by ahondafan: 01 May 2012 - 11:56 PM

[slackzy]

Same here, was with SGIO and they chopped 4k off the insured value and increased premium by $200 in 1 year. Ended up going with Shannons as well.

[Arian]

Shannons def the way to go. I just renewed my insurance today 2000 model S2K, no mods 60kms insured for 29K...

[ryanswhites2k]

I'm with rhino. I pay $1150 with all mods and insured for $28k for my 2000 model

[imgook]

this has happened because a lot of the people who buy s2k's these days put down prices like $5k on the transfer papers to save on fees.

[Panayiotis]

My agreed value is $36k IIRC, market value was $34k but its always best to pay the extra $100 for agreed as it removes any doubts come a claim.

$7.9k is just plain wrong

This post has been edited by Panayiotis: 15 January 2012 - 11:59 PM

[tak_one_77]

imgook, on 15 January 2012 - 11:51 PM, said:

this has happened because a lot of the people who buy s2k's these days put down prices like $5k on the transfer papers to save on fees.

I think you'll find everyone does that no matter what car.

Age and k's unknown , their market value is looking pretty low. Maybe redbook says that, but there is nothing in the market for that price.

How old and how many k's!? That is the question

[Ten Four]

Mine has 110km 1999 model, just car & sgio both said 11k...... so I don't have comprehensive insurance. (Just 3rd party, locked up in a shed and I don't ever leave it anywhere, no exceptions..)

Things I do for this damn car...

[TheDemons]

I got an online quote from Youi for a 2000 model, with an agreed value of $22,600, and was quoted $16,000 a year. I'm still laughing about it.

[Thebob]

Shannons, choice of repairer, agreed value, and $800 a year cheaper then just cars.

[lilkriss]

Thanks gents, looks like Shannons is the go. The mustang is insured with them so hopefully I'll get a multi policy discount.

[rus21s]

Go with Shannons, My 03 with 70,000km is insured for over 30,0000

[BOSS2K]

im currently with the buzz.
00' ,model on 179xxxkms,
wheels valued 3k
bodykit (diffuser) valued $1500
sound system valued $1500..my agreed value is $18,900 -.-
and i pay 2400 a year and 2200 excess if i have a accident
its under my name and im 21

i got reqouted with aami and they said $3800 a year and im covered $16,500
insurrance companys r taking us for a ride. wen i was 18, my car was agreed value of $36,500 and i paid $785 a year..

This post has been edited by BOSS2K: 18 January 2012 - 09:16 AM

[jowjeh]

I'm with AAMI,

Managed to get 25000 agreed value at a 2300 premium, 1500 excess if i have accident (i'm 21).

but they said they're changing it this year because that's incorrect or something so my next policy i'm screwed.

Good thing, I'm selling the car before then. wasting too much money that I don't have on stupid sh1t like this. the car is NOT worth 15k market value, retards.

[vyets]

when i first got my car it was covered for 33k, but now they want to just cover it for 14k... lucky i have a friend who works at just cars now my car is covered for 23k heheh

its harder and harder to get insurance, spesh for younger kids I thought it was hard back then now days its bs LOL. my missus pays nearly as much as I do and she drives a fiesta

[rus21s]

Just paid my my insurance yesterday with Shannons. My 03model has 72,000 km and insured for $32,000
Paid $1,780. If theres a better deal let me know. They put the price up from last year to $30 but last year the
s2k was for $35,000 and the paperwork this year had $30,000. I said if the value goes down so should the payment?
the opperator said I will increase the value to $32,000.

[lawlcakes]

To the guys that are with Shannons, are you all over 25 years old?

I've heard some people have managed to get insured with and are under 25 and am wondering how...

[rus21s]

yeah im over 25

[Dori*mon]

lawlcakes, on 02 February 2012 - 09:32 PM, said:

To the guys that are with Shannons, are you all over 25 years old?

I've heard some people have managed to get insured with and are under 25 and am wondering how...

Heard if you're under 25 and part of a CAMS approved car club then it's possible.