It's time again to renew the car insurance for our 2016 Honda HR-V. It really is a good idea to shop around. Don't believe those ads on TV about one insurance company saving you money as we got a quote them once and they were much, much higher. Also don't fall for the ads on Google offering cheaper car insurance. Chances are you can get better by getting quotes direct from the company sites.
We're currently with AAMI. We've been long time customers of AAMI but at some point, AAMI was sold to Suncorp so really, it's now just a name. Plus we've had a very bad experience with a Suncorp repair. Two companies cover 80% of the market so also don't think because you're buying from another brand you're buying from another company.
I decided to visit the sites for Coles, Woolworths and RACV. We have a renewal from AAMI so no need to visit their site. The agree value was around $18,700 and the excess around $800. The following are the prices we found.
Coles - $1,224.17 (Agreed value $18,125 maximum allowed, excess $850)
Woolworths - $680.04 (agree value $18,700, excess $800)
RACV - $757.36 (Agreed value $18,900, excess $825)
AAMI - $770.91 (With discount, Agreed value $18,900, excess $800)
The winner this year appears to be Woolworths Car Insurance.
Car insurance changes all the time so each year when you get your renewal notice, it's prudent to shop around. As you can see from the prices above the range is considerable. I've seen one well advertised company quote roughly three times the price of another well known company so take the advertising with a grain of salt.
Kelvin Eldridge
www.JustLocal.com.au
PS. Web apps I've written which may interest you are: Petrol Cost Calculator, Petrol Prices Melbourne, Nearest Petrol Station and Car Running Cost Calculator
Update: 1/3/2019
As this is a second car driving around 7,000 km per year, decided to change to usage rather than unlimited kms. Used 9,000 as usage so plenty of room for increased usage. The price was reduced to around $541. Interestingly if I took of the older second driver (that's me) the price increased around $60. So if there's an older second driver include them and the price is reduced.
We're currently with AAMI. We've been long time customers of AAMI but at some point, AAMI was sold to Suncorp so really, it's now just a name. Plus we've had a very bad experience with a Suncorp repair. Two companies cover 80% of the market so also don't think because you're buying from another brand you're buying from another company.
I decided to visit the sites for Coles, Woolworths and RACV. We have a renewal from AAMI so no need to visit their site. The agree value was around $18,700 and the excess around $800. The following are the prices we found.
Coles - $1,224.17 (Agreed value $18,125 maximum allowed, excess $850)
Woolworths - $680.04 (agree value $18,700, excess $800)
RACV - $757.36 (Agreed value $18,900, excess $825)
AAMI - $770.91 (With discount, Agreed value $18,900, excess $800)
The winner this year appears to be Woolworths Car Insurance.
Car insurance changes all the time so each year when you get your renewal notice, it's prudent to shop around. As you can see from the prices above the range is considerable. I've seen one well advertised company quote roughly three times the price of another well known company so take the advertising with a grain of salt.
Kelvin Eldridge
www.JustLocal.com.au
PS. Web apps I've written which may interest you are: Petrol Cost Calculator, Petrol Prices Melbourne, Nearest Petrol Station and Car Running Cost Calculator
Update: 1/3/2019
As this is a second car driving around 7,000 km per year, decided to change to usage rather than unlimited kms. Used 9,000 as usage so plenty of room for increased usage. The price was reduced to around $541. Interestingly if I took of the older second driver (that's me) the price increased around $60. So if there's an older second driver include them and the price is reduced.
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