Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




12 posts

Geek
+1 received by user: 1


# 176904 15-Jul-2015 18:11
Send private message

Hi all,

Looking at buying my first car, and have been comparing the premiums costs for multiple basic first cars (Starlets, Civics, Citys etc). Family is with the AA and AMI and have good experience with them, I have heard bad things from Youi.

Checking costs online constantly show Tower being about 50% cheaper for third and third, fire and theft when comparing with the AA, which I thought would be the cheapest.

Tower $207.50 third party with $750 excess (including age excess) for Civic, City etc.

AA $400-500 third party with $1200 excess (including age excess) for the same cars.

Am I missing something here, why is Tower so consistently cheap at the third party price point. The full comprehensive prices match between Tower and the AA at around $900. It's just the thirds party policies that vary so great, and they seem to be identical from what I have read.

Any experience or advice?
Thanks.

View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2
8651 posts

Uber Geek
+1 received by user: 2976

Lifetime subscriber

  # 1344952 15-Jul-2015 18:39
Send private message

its probably based on their assessment matrix, what they base risk on. different matrix different outcomes

i would call a few more companies and get quotes, and dont do online forms, they tend to miss out information that could lower your premium

2271 posts

Uber Geek
+1 received by user: 709

Subscriber

  # 1344955 15-Jul-2015 18:47
Send private message

You could always try a broker. I use a Bay Insurance Brokers. 

 
 
 
 


1818 posts

Uber Geek
+1 received by user: 237

Subscriber

  # 1344956 15-Jul-2015 18:50
Send private message

Are you under 25?  




12 posts

Geek
+1 received by user: 1


  # 1344957 15-Jul-2015 18:53
Send private message

Yes , Just 18. I'm new to all this haha. Wouldn't a broker be expensive?

3182 posts

Uber Geek
+1 received by user: 1640


  # 1344961 15-Jul-2015 19:04
Send private message

mrtoillet: Yes , Just 18. I'm new to all this haha. Wouldn't a broker be expensive?


Normally they are free, the insurance company pays them a commission. 




Always be yourself, unless you can be Batman, then always be the Batman



1672 posts

Uber Geek
+1 received by user: 249


  # 1345104 16-Jul-2015 04:41
Send private message

Different insurance companies can vary hugely in price, so I'm not surprised by the disparity. When you have more stuff to insure (house, contents, car etc) generally you'll get an overall cheaper price getting it all in one place. For you only having a car, shop around like you are doing- contact as many insurers as you can. A broker may be able to get you a better deal but do your own inquiries first.

2514 posts

Uber Geek
+1 received by user: 541
Inactive user


  # 1345106 16-Jul-2015 06:10
Send private message

I have always found AMI to be the cheapest and have made 2 claims without any issues.

The issue with Youi is that to get low premiums you generally have to give up cover in some areas or have a higher excess.

 
 
 
 


3825 posts

Uber Geek
+1 received by user: 1055


  # 1345159 16-Jul-2015 09:08
Send private message

dickytim: I have always found AMI to be the cheapest and have made 2 claims without any issues.
.


... whereas I've always found it the opposite, ie one of the more expensive companies to insure our cars.

Agree with the above advice about ringing up to get quotes; you'll get a more accurate cost that way. Re Tower: it may also be worth trying Fintel, which is essentially a subsidary of Tower. We've both our cars insurered with them, and found not only their premiums cheapest of all we tried (including with Tower) but also good when dealing with claims.

8651 posts

Uber Geek
+1 received by user: 2976

Lifetime subscriber

  # 1345162 16-Jul-2015 09:14
Send private message

no one will have the same expericane as someone else, as everyone has different variables and situations which can lead to different prices.

one person can say xyz was cheaper while someone else might not find this, hence call as many as you can to get quotes or get a broker

2212 posts

Uber Geek
+1 received by user: 187


  # 1345169 16-Jul-2015 09:26
Send private message

I went through the process recently when looking for cover for my new car

Cheapest was AMI, then AA, most expensive was Youi (by over $350)

In the end I decided that I was happy with AA (having been with them for a while) and I got a free duvet out of it :-)

1401 posts

Uber Geek
+1 received by user: 81


  # 1345181 16-Jul-2015 09:42
Send private message

Just went through this process when I got my new car just a month ago. Called up a number of different companies - got a variety of different quotes. Went with the cheapest at the time. I noticed a great disparity between the companies as well- AMI were the cheapest (330 bucks!!) with 500 excess, AA were 428, Tower were about 500, state were about 450ish etc..

I guess it does depend on your situation and its pretty unique. There is nothing you can do except shop around. Make sure the excess etc is the same so you have a baseline for comparison.

Btw, my older car was a Honda Jazz 2006 and I was paying less than 300 for third party fire and theft with AA for the last 2 years that I have had the car - didnt need to make any claims in that time, but I had found them to be the easiest to deal with.

2091 posts

Uber Geek
+1 received by user: 849


  # 1345183 16-Jul-2015 09:45
Send private message

Well done for not being an uninsured douchecanoe on the road.

As has been said, online quotes only go so far - best to ring the big players and see what they can do for you. Note down all your standard info so it is easier.

Having the car under a parent with you as an under 25 is an option, but I believe this depends on who the main driver is and the policy of the insurer.

As you have seen higher excess will normally mean lower premium - that is a balancing act.

I have had quotes from Tower in the past which were clearly a "go away we don't want to insure you" price. Don't really blame them (2L Turbo, 19 years old). We have all our insurances with AMI and they gave us a good discount on adding under 25s to my car (The 2L turbo).


1889 posts

Uber Geek
+1 received by user: 317


  # 1345401 16-Jul-2015 12:51
Send private message

Good on you for getting insurance.  Just a few tips that will make things dramatically easier for you.

- Put the car in your parents name and have them sign you on as a dedicated driver.  It will cost you a third of what it might if you were to try and get it on your own!

- Don't get insurance with Youi.  They are fine at the beginning and you deal with people in this country who are great to deal with.  As soon as you want to leave or cancel your policy, you're put on to the Australians.  They are pushy as hell and will keep you on the phone for as long as possible, try to upsell you several times not taking no for an answer.  Then finally, make you feel like crap for leaving them.  Never again.

- Carry and pen and pad with you in the car at all times.  Make sure you have a camera/phone capable of taking pictures.  Never admit fault and get the police to attend the scene.

Good luck! :)





Sometimes what you don't get is a blessing in disguise!

252 posts

Ultimate Geek
+1 received by user: 115


  # 1345411 16-Jul-2015 13:07
Send private message

AA insurance is often very picky, and the pricing probably reflects that you are not their target market.




Try my latest project, a Cisco type 5 enable secret password cracker written in javascript!

3082 posts

Uber Geek
+1 received by user: 500

Trusted
Subscriber

  # 1346918 18-Jul-2015 18:53
Send private message

DravidDavid: 
- Don't get insurance with Youi.  They are fine at the beginning and you deal with people in this country who are great to deal with.  As soon as you want to leave or cancel your policy, you're put on to the Australians.  They are pushy as hell and will keep you on the phone for as long as possible, try to upsell you several times not taking no for an answer.  Then finally, make you feel like crap for leaving them.  Never again.


Not true... it's the Australians that are good... its the South Africans that are the ones to avoid.

 1 | 2
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

New Zealand government unveils new digital service to make business easier
Posted 16-Jul-2019 17:35


Scientists unveil image of quantum entanglement
Posted 13-Jul-2019 06:00


Hackers to be challenged at University of Waikato
Posted 12-Jul-2019 21:34


OPPO Reno Z now available in New Zealand
Posted 12-Jul-2019 21:28


Sony introduces WF-1000XM3 wireless headphones with noise cancellation
Posted 8-Jul-2019 16:56


Xero announces new smarter tools, push into the North American market
Posted 19-Jun-2019 17:20


New report by Unisys shows New Zealanders want action by social platform companies and police to monitor social media sites
Posted 19-Jun-2019 17:09


ASB adds Google Pay option to contactless payments
Posted 19-Jun-2019 17:05


New Zealand PC Market declines on the back of high channel inventory, IDC reports
Posted 18-Jun-2019 17:35


Air New Zealand uses drones to inspect aircraft
Posted 17-Jun-2019 15:39


TCL Electronics launches its first-ever 8K TV
Posted 17-Jun-2019 15:18


E-scooter share scheme launches in Wellington
Posted 17-Jun-2019 12:34


Anyone can broadcast with Kordia Pop Up TV
Posted 13-Jun-2019 10:51


Volvo and Uber present production vehicle ready for self-driving
Posted 13-Jun-2019 10:47


100,000 customers connected to fibre broadband network through Enable
Posted 13-Jun-2019 10:35



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.