Insurance for the mustang

[Frostee]

Keep in mind first 12 months is full replacement value.
Some offer 24 months full replacement value.

My Policy is 24 Months full replacement value.

I insured for the maximum value that they would, given the long wait time for a replacement car. I figured that if it was written of in the first two years, I would have the option to pay more for a Dealer car that was marked up.

Seriously, this whole insurance things is a lottery. It's actually a Market - prices go up, prices go down all the time.

I don't know the exact details, but it's my understanding that ALL of the Insurance Companies in Australia fall under two or three Underwriters. It's a market full of products that confuse.

My advice is work out what you need covered, and what you expect if there's an issue. Call around and ask very clear questions as to what is and isn't covered.

If you buy on price of the Policy you may be screwed when it comes to a claim.

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[lovesny2001]

AU post is quoting me $938 with agreed value, which is fantastic. Anyone have a experience with AU Post Car Insurance? I am wondering if they are easy to contact for claims and accidents.

Anyone else have experience with AU post car insurance? Pls share your thoughts.

 

[Frostee]

Anyone else have experience with AU post car insurance? Pls share your thoughts.

Ive had no direct experience but found this

http://www.productreview.com.au/p/australia-post-car-insurance.html

https://mozo.com.au/rate-and-review/australia-post/car-insurance-reviews

 

[Erez]

Is it a convertible? I just called AAMI again but they will not go above the $59,000 as agreed value for a GT. Are you sure "full replacement" value does not stop at the "highest value (i.e. $59,000 in my case) I would read the fine print.

Anyway, I guess it is RACV for me.

My Policy is 24 Months full replacement value.

I insured for the maximum value that they would, given the long wait time for a replacement car. I figured that if it was written of in the first two years, I would have the option to pay more for a Dealer car that was marked up.

Seriously, this whole insurance things is a lottery. It's actually a Market - prices go up, prices go down all the time.

I don't know the exact details, but it's my understanding that ALL of the Insurance Companies in Australia fall under two or three Underwriters. It's a market full of products that confuse.

My advice is work out what you need covered, and what you expect if there's an issue. Call around and ask very clear questions as to what is and isn't covered.

If you buy on price of the Policy you may be screwed when it comes to a claim.

 

[Frostee]

No it's is a GT Coupe

It is agreed value at the highest amount that they would allow. Can't explain why they won't let you do it, in fact the option to insure at the amount that I have was offered to me. In this way as the "market value" declines over time my insured value will move relatively but always be above market value.

I am located in Melbourne

Is it a convertible? I just called AAMI again but they will not go above the $59,000 as agreed value for a GT. Are you sure "full replacement" value does not stop at the "highest value (i.e. $59,000 in my case) I would read the fine print.

Anyway, I guess it is RACV for me.

 

[w0rt3x]

As I previously mentioned I did my homework and got quotes from over 15 insurers. Best value for money I got was from RYNO. Best cover (replacement OR $63k agreed, choice of my own repairer etc.), lowest excess ($500), $1700 premium (somewhere in the middle compared to the rest of the quotes). This might be the best option for those whose age starts with '2'

 

[Erez]

Unfortunately I start with a '3' and even that will not last long...
[MENTION=20388]Frostee[/MENTION] - I found the difference... Your is an Auto right?
It is amazing that a GT auto gets a top value of $77K while the exact same model in Manual stays at $59K. Could be a mistake in their system.

 

[Erez]

Yep. A flaw in their system. I have got them to notice this and will get a quote soon. Let's see if they will appriciate the fact I just fixed them an issue that probably lost them quite a bit of business

 

[Frostee]

Unfortunately I start with a '3' and even that will not last long...
[MENTION=20388]Frostee[/MENTION] - I found the difference... Your is an Auto right?
It is amazing that a GT auto gets a top value of $77K while the exact same model in Manual stays at $59K. Could be a mistake in their system.

Yes indeed it is an auto.

 

[Erez]

Yep. A flaw in their system. I have got them to notice this and will get a quote soon. Let's see if they will appriciate the fact I just fixed them an issue that probably lost them quite a bit of business

Surprise Surprise, they did not move an inch, and are more expensive than RACV.

 

[MetsGT]

Hi Everyone,

Called Budget today to check what it would cost me to add another car to my policy. They couldn't tell me exactly as it hasn't been built yet. Anyway, got a quote of $2,300.

However, when asked about modifications I said exhaust and was told that if I replace it, they will not cover it?

Is this standard or just Budget?

Thanks

 

[ICON]

Hi Everyone,

Called Budget today to check what it would cost me to add another car to my policy. They couldn't tell me exactly as it hasn't been built yet. Anyway, got a quote of $2,300.

However, when asked about modifications I said exhaust and was told that if I replace it, they will not cover it?

Is this standard or just Budget?

Thanks

That's usually the case with most insurance companies since they won't insure modified cars.

 

[Mustang76]

That's usually the case with most insurance companies since they won't insure modified cars.

Yep my last car was with budget and went to them first for a quote and straight away any mods and your out, sorry captain risky :doh: but no mods and no leaping buildings in your car.

 

[MetsGT]

So is there any known insurer's that do provide the cover even with mods? Or does everyone take a risk and hope for the best?

 

[Myke]

So is there any known insurer's that do provide the cover even with mods? Or does everyone take a risk and hope for the best?

I would like to know other people's approach to this as well please.

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