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Ultimate Geek
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Topic # 231927 20-Mar-2018 18:21
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Hello

 

Who do you use and why ?

 

I was considering Trademe Insurance but haven't seen any reviews or consumer feedback yet

 

 

 

 


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  Reply # 1980652 20-Mar-2018 18:37
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AMI, found them to be the cheapest, already had to make a claim and it was settled easily enough.




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  Reply # 1980659 20-Mar-2018 19:03
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lNomNoml:

 

AMI, found them to be the cheapest, already had to make a claim and it was settled easily enough.

 

 

Thank you for the reply

 

I just entered in the same parameters to their own-line quote tool and they were 50% more than the lowest (Trademe) and State!

 

 

 

 

 

 


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  Reply # 1980661 20-Mar-2018 19:07
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I joined Trademe insurance about 2 years back and no issues so far but never made s claim

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  Reply # 1980679 20-Mar-2018 19:50
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Every year I play this game by shopping around for my car insurance.

 

Was with AMI before but stuck to the AA for the last 4 years as AMI was unable to beat the price for a full comprehensive policy.

 

 


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  Reply # 1980682 20-Mar-2018 19:58
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I recently got three quotes; Tower were the cheapest, BNZ were $100 more, and AMI were another $300. That made AMI more than 60% more expensive than Tower for comparable cover! It was also surprising that AMI was so much more expensive than BNZ considering they are both underwritten by IAG.

 

Ultimately you should look at all of your insurance needs collectively because most insurers will offer a package discount. In the end I went with BNZ because I felt that, on balance, they offered the best combination of price, coverage, stability and customer service across both car and contents.

 

If you don't bank with BNZ then maybe approach your current bank for a quote.

 

This article is also a useful read.




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  Reply # 1980689 20-Mar-2018 20:06
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alasta:

 

This article is also a useful read.

 

 

Thx for that read it last night ;)

 

As much as I'd like to get a multi policy discount, it would seem that due to an embargo on Wgtn since the Kaikoura quake I am limited in who I can have all policies with, I'm happy to keep my house and contents with AA but they are not competitive on car :( hence exploring options

 

 

 

 

 

 


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  Reply # 1980692 20-Mar-2018 20:19
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xlinknz:

 

alasta:

 

This article is also a useful read.

 

 

Thx for that read it last night ;)

 

As much as I'd like to get a multi policy discount, it would seem that due to an embargo on Wgtn since the Kaikoura quake I am limited in who I can have all policies with, I'm happy to keep my house and contents with AA but they are not competitive on car :( hence exploring options

 

 

I was surprised when BNZ told me that the Kaikoura earthquake embargo was still in place. Initially they told me that I could leave my contents insurance with the incumbent provider and they would still honour the package discount price on my car insurance, but in the end they were able to bend the rules to give me contents cover anyway.

 

I'm wondering how long the earthquake embargo is going to drag on for, because I can see it potentially causing me headaches when my new house gets built next year. 


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  Reply # 1980850 21-Mar-2018 08:59
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I find these posts (the ones that look at cheapest/best price which I know isn't what the OP asked for - being "recommendations", but its the way the threads inevitably go) sort of amusing, because what is cheap for one person is totally irrelevant to another. You need to do the ground work, get a clear picture of what insurance you need and ring up a bunch of them and ask for quotes using the same parameters. 

 

Comparing the guys in my immediate team here at work we pretty much all use different companies, because of different rates/risks...eg I have been an AA member for over 25 years but have never taken insurance out with them because they are always prohibitively expensive for some reason. I usually do it each year or so, and so far (for the last 5 at least) I have not changed from AMI, who after various claims etc are good to deal with and reasonably priced (for my circumstances).


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  Reply # 1980869 21-Mar-2018 09:31
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+1 for AMI they've been very good to me.

 

I've only ever heard very bad things about Youi.

 

 


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  Reply # 1980902 21-Mar-2018 10:22
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For me AA were pretty competitive for my comprehensive car cover and in my recent claim they have been excellent to deal with - I pushed for a non-network repairer to ensure my new car warranty wasn't impacted and they approved what would have been a more expensive quote very quickly. Granted, I wasn't at fault, but still...

 

 

 

For the saving of maybe $100 a year to go with the cheapest option, it wasn't worth potentially sacrificing the claims service IMO.





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  Reply # 1980908 21-Mar-2018 10:30
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Interesting thing to look out for as my partner was recently involved in an accident (not her fault) and the car was written off. If you, like me, pay your insurance annually to save 10% - it appears that you are not entitled to the balance of that premium if your car is written off and the policy ended. I'm unsure if it was just AMI's policy, but has anyone else found similar?


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  Reply # 1980945 21-Mar-2018 11:42
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With AMI, never had any issues but then never had to make a big claim. Few minor things sorted very easily. Wouldn't ever touch Youi. 


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  Reply # 1980946 21-Mar-2018 11:42
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"When the premium is not to be returned.

 

Where there has been no failure of consideration, inasmuch as the risk has attached. There is clearly no failure of consideration when the assured during the currency of the policy suffers a loss and recovers the full sum assured; he has revived the protection for which he paid and cannot claim a return of part of the premium on the ground that while the policy is unexpired the policy is exhausted."

 

The Insurance Institute of New Zealand booklet "Law of Fire and Accident Insurance" 1974

 

The above is a fancy way of saying that you have paid your insurer to cover the risk of loss for a period. A loss has occurred and a claim has been paid. Thus the contract between you and the insurer has achieved what you both intended so there is no fault in the contract which would give rise to a part refund.


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  Reply # 1980978 21-Mar-2018 12:44
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Likewise paying monthly, the remaining balance of the annual amount is deducted from the settlement payment.

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  Reply # 1980981 21-Mar-2018 12:59
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Don't use price as a core driver for finding an insurance company to provide Car Cover, you need to look at what is actually offered and that it suits you.

 

Example: AA Insurance offer Agreed Value (which slowly decreases each year) so in the event of a write-off you know what you get, whereas I believe Youi do Market Value so you don't know what you are getting in the event of a write-off.

 

You should be able to at least see a sample policy wording on each company's website so make sure you know what the main features of each policy is before you settle on a company.


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