Insurance time again...what the go with NRMA?

[Xjas]

So I'm shopping around for comprehensive car insurance because my current insurer wants $1700 for $30000 VE which seem a bit steep, so I get an on-line quote from NRMA for the same value and it comes to $1090, much cheaper but there on-line quoting system doesn't ask about about mods to the car, I read through the PDS and there is also nothing about mods so I rang them and the girl assures me as long as the mods are legal the cars covered to the agreed value ,Hmmmm, its a good price but it seems to good to be true, anyone else had a claim with NRMA under this system and how did it go?

[phat_6ltr]

I've been with NRMA since owning my SS and told them about every single mod that's been done over the years and they've never questioned me once but as said they do have to be legal.. I've got mine insured for 50k and it's an 06 model, I pay $150 per month for full comprehensive, I rate them pretty high cos most of the others I've enquired about always have a catch or limit you on modifications..

Cheers Johnny

[HSVREDSLED]

I was with NRMA for 25 years. I got a tune and OTRCAI. Told the chick at the counter and she said she would have to ring the underwriters. She came back 15 minutes later and said she had just had a round table teleconference and they decided not to offer me future insurance.

25 years driving exeperience NIL INFRINGEMENTS, NIL AT FAULT CLAIMS and I was wiped like a dirty bum. Thank you NRMA.

[aratic]

NRMA's policy is any mods are allowed as long as they are legal. And the value of mods are included in the agreed value

[Wonky]

I think you'll find all the big companies who will insure modded cars, including AAMI who I'm with, have the rider that the mods must be legal and roadworthy. That obviously gives them an out should they choose to take it for many of us, but I guess that's the risk we take. I also believe that if your car is unroadworthy they can wipe your claim only if they can prove the unroadworthiness contributed to the accident. I made an at fault claim on mine just over a year ago and took it to the local AAMI assessment centre to have the repairs authorised. The car was it's normal loud and low self and they didn't blink an eye. Maybe being an old fart has its advantages at times. :D

[HSVREDSLED]

I think you'll find all the big companies who will insure modded cars, including AAMI who I'm with, have the rider that the mods must be legal and roadworthy. That obviously gives them an out should they choose to take it for many of us, but I guess that's the risk we take. I also believe that if your car is unroadworthy they can wipe your claim only if they can prove the unroadworthiness contributed to the accident. I made an at fault claim on mine just over a year ago and took it to the local AAMI assessment centre to have the repairs authorised. The car was it's normal loud and low self and they didn't blink an eye. Maybe being an old fart has its advantages at times. :D

Just got off the phone from NRMA. I told her that I was previously wiped, and asked her if the situation had changed. The girl thrashed it around the office for a while and came back and said they would insure me again so long as the mods are legal.

I poised the question to her. "So if I got an after market exhaust which exceeded the legal db reading s and I had a collision which in no way was attributable to the exhaust, would i be covered?" She said. "No, because the mods to your car must be legal and you have breached the terms of the contract."


Food for thought. Factory standard exhaust are right on the legal db limit, and after markets 99.9% of the time go over....the issue of exposed filters in OTRCAI also rises its head, plus emmisions due to mafless tunes?

[Wonky]

Hmmm, as I said, that's the risk we take when we modify our cars. I guess probably a high percentage of us on here are therefore technically uninsurable, but as far as I can see very, very few of us have ever had claims refused. My mods are all listed with AAMI - not sure whether that's a good or bad thing. :confused:

[BLACK 346]

Just got off the phone from NRMA. I told her that I was previously wiped, and asked her if the situation had changed. The girl thrashed it around the office for a while and came back and said they would insure me again so long as the mods are legal.

I poised the question to her. "So if I got an after market exhaust which exceeded the legal db reading s and I had a collision which in no way was attributable to the exhaust, would i be covered?" She said. "No, because the mods to your car must be legal and you have breached the terms of the contract."


Food for thought. Factory standard exhaust are right on the legal db limit, and after markets 99.9% of the time go over....the issue of exposed filters in OTRCAI also rises its head, plus emmisions due to mafless tunes?

Yeah, I have had similar conversations with AAMI. I think they are happy to take your money, but also would be happy not to pay out when it comes to the crunch. I will stick with Shannons. A quick online AAMI quote (out of curiosity) for my wifes mildly modded Rex came in at a little over double that of our Shannons Policy. When I tried to do a quote on my SS it gave me a message telling me to ring and speak with a consultant.

PS...I was with NRMA for nearly 14 years and had the SS with them when it was Catback and Tune. They ditched us when we moved to Darwin as they did not offer cyclone cover at the time.

[GKW]

So, a few years back I get an OTR, tune and full zorst system on the VE. I call NRMA to advise of the mods. I fortunately get an operator (female) who understands cars and mods and tells me "no issues"..."I had the same done to mind and it's not a problem"....My response "Please note this on my file etc".

A year or two later after a few more mods on the VE, the renewal comes in for a value I deem less than replacement value. A quick chat to NRMA re the "new mods" and I'm covered for twice the value they quoted me. Yep insurance companies make money from not paying claims, but if you force the issue with them, you usually get a result re policy and payout in need.

That said, I'm off to car largish car show soon and will get the Shannon's rep over for an appraisal just to see what someone else thinks.

[Xjas]

The impression I got from the girl at NRMA was my mods wouldn't even be listed on the policy.
I dont know how you guys get good prices from Shannons, I have had 2 quotes from them in the past and both times they were more expensive than anyone else.
Not sure which way to go, I am currenty with GIO and I have found their service to be very good and they offer choice of repairer but I dont know if that alone is worth an extra $650 per year.

IMHO Insurance companies dont have enough regulation, they are the only companies that have the right to discrimanate againt someone because of their age, "Australian Pensioners Insurance" FFS, if you opened a business in any other industy and charged someone more because of their age it would be front page news across the country.

[Angeldust]

im with NRMA. I changed to NRMA about 10 years ago now.

Back then i was 25, had a stock VR SS, and suncorp wanted $1600 per year for full comp.

This is way too much to pay, so i decided that even if NRMA were to be not the best of insurers
(ie in how they handled their claims etc) the money saved is worth it. NRMA charged me ~$700 a year
for my VR/VX/VY SS and and over the 10 years thats a saving of almost $10K.

I have had to have 1 claim since i have been with NRMA, and that was about 2 months ago (not at fault)
when a P plater girl ran up my rear bumber. (car is only modded with pacey's, exhasut (no OTRCAI) and
looks very very stock)

NRMA handled it well and i got my car back fixed fairly quickly, and the workshop that did it i would say did a good job.



Well thats my experiance so far.

[6_litre_man]

I just took out a policy with AAMI, as im under 25 a lot of insurance companies wouldnt touch me with my ve ssv ute. Rang AAMI, and got a policy for $1070 a year for $40,000 agreed value. My excess though is $1150 which i dont really mind.

They asked about mods and i said lowered, tuned, OTR and full exhaust and said yep no worries, told them $5000 of additional value i had put on the car and all was good, pretty happy actually :)

Cheers
Matt

[jsme]

Here are my recent quotes from ring arounds. Online quotes are handy, but they'll come right down if you give them a call.

2012 VE SS Ute, 31 years old, Rating 1 blah blah, Mt Isa

Allianz
$1150

Shannons
$980

JustCars
$922

Youi
$842

Budget
$631

AAMI
$507.32

NRMA
$456.58

[Angeldust]

wow, NRMA is cheap.

im paying $650 now for my VY SS, male 36 in brisbane.

location and theft rate may have a lot to do with total cost differences on locations.

[macca_779]

I'm paying $570 with Lumley


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[LOWKEY]

I've been with racv since 18 & when I bought my Hbd gen 3 vy Calais they were too dear in every possible way. Ended up going with Shannon's. $49 a month full comp. car stock as a rock but agreed value of 18k

[motorin on]

I am paying $1070 for a stock VY11 SS auto (AAMI) value $15,500,My premium went up when I moved and I now park on the street
I just did an online quote with AAMI for a 2012 Kia Cerato Koup as a 2nd car value $22k and it is exactly the same premium-go figure

[Xjas]

Just did and on-line quote with AAMI, including listed mods of camshaft, exhaust, extractors, and lowered the price came to $935, I rang GIO they said they drop it to $1660, and that's with GIOs excees being $400 more.
Think its time I change insurers.

[Doco]

I'm with them, but I'm making sure my ute is all legal to avoid any headaches. I think any insurance company would require the mods to be legal, insurance doesn't make you immune to the law, so people who think disclosing all their mods to just car or whoever protects them, not the case. If you cause an at fault accident, and your mods are deemed un roadworthy when assessed, technically the car shouldn't be on the road, and they are within their rights to void the payout.



So I'm shopping around for comprehensive car insurance because my current insurer wants $1700 for $30000 VE which seem a bit steep, so I get an on-line quote from NRMA for the same value and it comes to $1090, much cheaper but there on-line quoting system doesn't ask about about mods to the car, I read through the PDS and there is also nothing about mods so I rang them and the girl assures me as long as the mods are legal the cars covered to the agreed value ,Hmmmm, its a good price but it seems to good to be true, anyone else had a claim with NRMA under this system and how did it go?

[Doco]

$935 is a damn good price! But those mods will still need to be within legal limits or the policy isn't worth jack. Mostly the lowering, keep it above 100mm off the ground, possibly noise too if it's defectable



Just did and on-line quote with AAMI, including listed mods of camshaft, exhaust, extractors, and lowered the price came to $935, I rang GIO they said they drop it to $1660, and that's with GIOs excees being $400 more.
Think its time I change insurers.

[RAWKUS]

Premiums mean SFA in the end. The only reason we have insurance is it's there when you need to make a claim.
I was paying less with AAMI for my cars until they screwed me over on a claim. No issues with the car being illegal or anything, just crap service and unjustified discounting of the payout figure relating to GST and so forth. I got nasty with them and clawed some of it back, but turned me off them for life. Mates in the repair and auto trade all tell stories of them screwing wreckers for 2nd hand parts for repairs. It's because they're so big and powerful like Coles, Woolies and Bunnings they get away with the bullshit that feeds the trade on a drip.
I'm with Youi now and very personalised. I pay $92 full comp per month, business/trade use on my 04 VY Adventra with full zorst and tune and I get to choose who repairs it.

[Xjas]

Got an updated policy from GIO via e-mail today (they cut a few dollars off to $1660 after I complained about the price) and had a quick read though it and noticed somenthing strange, my exhaust, cold air intake and suspension mods were listed as factory accessories rather than mods (had been like this since I took out the policy with them) , so I rang them to check if that was how it was supposed to be and they say no they should have been listed under mods, they made the changes to correct the policy and then informed that due to the "mods" to my car my new premium was now $2050 and my excess had gone up to $1800, WTF?, needless to say I'm now with NRMA, half the price and a $1000 excess for the same agreed value.
Funny thing is my wifes Corolla is due next week, GIO wants ~$700, got a quote from NRMA and they are also ~$700... how weird is that?

[glaz350]

The best i could find is through iselect and that was with budget direct $1020 $650 excess 43yo driver 65% no claim, garaged sydney.GIO NRMA AAMI were alot more expensive like
over $1500.

[tacka007]

im shannons for everything house car and ute. shannons was only one that would insure all my mods to agreed value and there house cover also covers you for flood and you always get some one nice and that speaks English on the phone

[Wonky]

I'm with Youi now and very personalised. I pay $92 full comp per month, business/trade use on my 04 VY Adventra with full zorst and tune and I get to choose who repairs it.

At the time I read it I almost commented that I didn't think Youi insured modded cars and http://www.ls1.com.au/forum/showthread.php?157881 seems to confirm that???? :confused:

[mattnsw]

I'm with Youi now and very personalised. I pay $92 full comp per month, business/trade use on my 04 VY Adventra with full zorst and tune and I get to choose who repairs it.


You’re paying $1104 a year for a 2004 VY Adventurer.
They must be good, I pay $720 for a VE Ute with Allianz.

Youi knocked my brother back for mods on his VE SSV Sedan.

How much do Youi give you if it's a write off?

[6_litre_man]

You’re paying $1104 a year for a 2004 VY Adventurer.
They must be good, I pay $720 for a VE Ute with Allianz.

Youi knocked my brother back for mods on his VE SSV Sedan.

How much do Youi give you if it's a write off?

Im 24 and youi were going to insure me and my SSV with its mods for agreed value of $32,000 but the premium was going to be $2200

Cheers
Matt

[motorin on]

The best i could find is through iselect and that was with budget direct $1020 $650 excess 43yo driver 65% no claim, garaged sydney.GIO NRMA AAMI were alot more expensive like
over $1500.
insurance companies are strange animals-I in Sydney also but older.I pay less,park on the streetd .I started a Youi thread and it was posted that Youi don't touch V8's,I guess you have a v8 of some sort,so who knows what is going on

[sjhugh]

Im 24 and youi were going to insure me and my SSV with its mods for agreed value of $32,000 but the premium was going to be $2200

Cheers
Matt


That’s their way of saying we don’t want you unless you are stupid enough to pay more than double for our service.


I hate insurance time, the quotes are always all over the place. The time it takes ringing around to try and sort it out is such a waste. And the number of times I’ve received renewals that cost more than if I phone them for a new quote is close to theft. Shows how much most companies think of loyal customers, they hope you’ll just pay the renewal without checking.


.

[Hos]

I pay $51 a month with SGIC, $400 excess, market value on our 2010 SSV sportwagon. I do live in regional SA.No mods listed as pretty much any mod is illegal, and if the vehicle is a total loss it's only really lowered, has a catback etc. Providing tyres etc are roadworthy, generally insurers don't look too deep for minor claims. I have had no issues claiming with SGIC, deal with the local girls in the office when need be. If you want to be certain of no problems when claiming, best to leave your car stock standard and well maintained.

Hos

[jono0309]

This is something I am trying to get my head around, rediculous prices if your under 25.
My gf is only 20 and is in the process of buying a VW Eos (cabriolet passat basically) but it has the low-powered 147TSI (Turbo 2L) engine and the prices are through the roof, up to $2300, but the agreed value is always very good, but all insurance companies will give you a higher agreed value if you pay extra or if your a loyal customer.

Very tedious having to go through many websites getting inaccurate quotes.

[macca_779]

I was paying 700 as an under 25. Didn't drop much when I got over


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[Doco]

Something to look out for. NRMA will most likely not payout a claim if you have anything not certified on your car that should be, including a non standard exhaust or intake.


Dear Paul,

If you modify your car in anyway that requires an engineers certificate, and you do not obtain that required certificate, then we may not pay for any claim lodged from that time onwards.

As I said before, if you hold Comprehensive car insurance with NRMA, modifications and accessories are acceptable, provided the vehicle meets registration requirements in their state or territory.

Yours sincerely

Jen
eCustomer Team
NRMA INSURANCE, SGIO & SGIC

Email: eCustomerteam@iag.com.au

NRMA Insurance, SGIO, SGIC & Buzz Insurance
are members of Insurance Australia Group (IAG)