Bas1ard Insurance componies!!

Yeah.. if she is 22 it might explain it, but also Pay as you drive is not always the best choice... tell her to shop around.
 
ToxicBunny said:
I tend to agree with greylid on this one in calling insurance companies b@stards...

They are only out to maximise their profits, not give the customer the best service.
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All companies are out to maximise their profits. That's how they stay in business. Some use some less than savoury practices to do so though.

WRT insurance companies, many will provide different quotes, based on their risk analyses, excess amounts, additional options, etc. If you don't like a company's quote, choose a different company.
 
Claymore said:
All companies are out to maximise their profits. That's how they stay in business. Some use some less than savoury practices to do so though.

WRT insurance companies, many will provide different quotes, based on their risk analyses, excess amounts, additional options, etc. If you don't like a company's quote, choose a different company.
Click to expand...

ya but the main point of any insurance company is to make tons of cash and pay out as little as possible, screwing the customers!
 
My Pay As You Drive is sitting at 66c per km (was 45c when I started a few years back). The first 0-400km is free (well, not really because there is a minimim monthly charge of R450.00). R2000.00 excess.

So 900km average would cost about R780 ... that's a 2006 RunX RSI with one claim in 2006. I'm 28.

They're ripping her off :/
 
Hehehe. 2004 Astra Coupe Turbo. R550/month. I'm 25. Paid R480 2 years ago (23). Minimun age for this policy is 23 though... Oh, that includes R100 000 home insurance.
 
I'm with Santam. R600 for Isuzu 4x4 LWB and R160k house contents, notebook and digital camera specified. No access. :)
 
Wow... not a great topic for a first post, but you guys (except Nocturnity) are paying WAY too much for insurance. I pay R719 for my Honda S2000 +150K household with fixed excess of R3K... and I'm 24 :confused: Pay as you drive is a waste of time (and money) unless you drive the minimum distance... Even then the minimum on the S2000 was going to be 900, so it made no sense. I have yet to find somebody who this works for. 1st for women is no cheaper than any other insurance company from what I hear.

I agree that insurance companies are blood-suckers for the most part... They are clearly making a ton of money off of people if Hyundai Atos insurance costs can be more than a 177kw convertible for a supposedly high risk indian male under 25 (apparently we can't be trusted with anything remotely fast :eek:)
 
lol.. im 19 and just wrote off my previous car and im still like half the price and my cars twice the value :)
 
Claymore : I know every business is out to maxmise profits, and that I don't inherently have a problem with... but its obviously how they approach this goal that I do have a problem with.

A&G or Dial Direct or something wanted to charge me R1200 pm to insure JUST my car.... and were adamant I'd get it no cheaper anywhere else and of course they palmed me off to Outsurance or something who quoted me a similar figure... Just lucky that I'm skeptical and such otherwise I would have taken one of them up on the offer and be paying WAY too much for insurance.
 
R1000pm does sound high, but here are many things that can cause insurance to be high:

* Under 25 years old (which you mentioned). Also affects your excess a lot.
* Bad insurance history or lack of insurance history (you don't get "no claim bonus" points to reduce you premium). You normally get 1 point per claim free year. There points can reduce your policy premium a stack!
* Parking location.
* Car security (cheap cars are often expensive to insure as they are easy to steal - no immobilizer / alarm / gearlock).

Be careful when comparing the online quoting systems... often they don't take everything into account... often they assume certain conditions that make the quote seem low, but when you get a revised, detailed quote, it is more, due to driver age, no claim bonus status and car security ,etc.

It is also often cheaper to insure home contents and the car than the car on its own! Maybe you get put into a low risk group? I got quotes once that were about 30% cheaper if I added say R50k of home contents insurance!
In the early days insured my car under my parents policy, but was specified as the regular driver and the location of where the car was kept was noted on the policy.

Also, find out what the effect is of upgrading your car security - might reduce premiums. On more expensive cars, it actually pays to have a tracking system installed.

Also when making a claim, you normally loose 2 no claim bonus points, so always think twice before you claim. I normally get my own quote from a panel beater first, and phone the insurance and ask them what my new premium will be if I loose 2 points. Then I work out what will be cheaper in the long run - paying myself for the repairs or paying the higher premiums for 2 years (one year at -2 point and one year at -1 points). I was thinking about making a claim recently, and calculated the break-even point to be R5000.
 
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The age penalty alone is usually ~R2k.:eek: Doesn't change the fact that your sis got a pretty raw deal there.:(
 
greg_SA said:
R1000pm does sound high, but here are many things that can cause insurance to be high:

* Under 25 years old (which you mentioned). Also affects your excess a lot.
* Bad insurance history or lack of insurance history (you don't get "no claim bonus" points to reduce you premium). You normally get 1 point per claim free year. There points can reduce your policy premium a stack!
* Parking location.
* Car security (cheap cars are often expensive to insure as they are easy to steal - no immobilizer / alarm / gearlock).

Be careful when comparing the online quoting systems... often they don't take everything into account... often they assume certain conditions that make the quote seem low, but when you get a revised, detailed quote, it is more, due to driver age, no claim bonus status and car security ,etc.

It is also often cheaper to insure home contents and the car than the car on its own! Maybe you get put into a low risk group? I got quotes once that were about 30% cheaper if I added say R50k of home contents insurance!
In the early days insured my car under my parents policy, but was specified as the regular driver and the location of where the car was kept was noted on the policy.

Also, find out what the effect is of upgrading your car security - might reduce premiums. On more expensive cars, it actually pays to have a tracking system installed.

Also when making a claim, you normally loose 2 no claim bonus points, so always think twice before you claim. I normally get my own quote from a panel beater first, and phone the insurance and ask them what my new premium will be if I loose 2 points. Then I work out what will be cheaper in the long run - paying myself for the repairs or paying the higher premiums for 2 years (one year at -2 point and one year at -1 points). I was thinking about making a claim recently, and calculated the break-even point to be R5000.
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Thanks man, yea she has SKytrack i Think and an immobilizer .
This claim would be her first so she has cancled it before the claim was processed :)
 
wesleyfraser said:
Just watch out for first for women, my fiance was with them and the charged R600 +- for her citi golf for the first year. After that they put up her premium to something over R900 even though she didn't claim at anytime. Their excuse being that the panel beaters prices have gone up considerably and they were cheaper than anyone else and had to move inline with other insurance comapnies.

I hope this makes sense.
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Yes, but Citi Golfs are extremely high risk vehicles, especially with regards to smash & grabs and hijacks, so expect either a high premium or no premium at all because of the high risk.

ToxicBunny said:
I tend to agree with greylid on this one in calling insurance companies b@stards...

They are only out to maximise their profits, not give the customer the best service.

Greylid : My suggestion is find an insurance broker who deals with M&F or Santam and get them to quote... I am paying R300pm on a golf 4... my excess is like R1500
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I wouldn't trust M&F currently, we were at some panelbeater recently and a lot of them didn't want to repair the car if you were insured with M&F cause there were some issues with regards to them, but I agree, get a broker, imho it's way better and easier... called various companies such as A&G, Budget, DD, etc and none of them wanted to insure me because of my age and because my car was associated as too high risk, called Outsurance (where the share holders always get something out) and they quoted me R2500 per month and an excess of something like R5000... called a broker from Indwe Risk Services and they got me comprehensive insurance for R780 per month at Zurich...

Furthermore, crap like this Hippo.co.za i believe is run by one company which manages or owns all the companies it gives you results from... such as A&G, Budget, DD, etc... all of their online quote system forms look exactly the same and give the same errors, the same goes for hippo...
 
A&G, Budget, Dial Direct and F4W are all part of the same group, thats why you were uninsurable with them.
Ask me i know, i was once declined insurance by them and i was staff:mad:
 
and they try and take every corner when repairing your car. My hilux was repaired so badly by Dial Direct that when I turn left, the wheel catches the body, I've been fighting with them since last year October, the short-term ombudsman has finally gotten them to take my car back in for repairs, going back in on Monday.

I'm shocked at their level of work - their are parts of the body panels that weren't sprayed on the inside...
 
I understand that the Citi Gold is high risk but she was with them for a year at R600. Then for no reason it was put up by almost 50%.

EvoBunny said:
Yes, but Citi Golfs are extremely high risk vehicles, especially with regards to smash & grabs and hijacks, so expect either a high premium or no premium at all because of the high risk.



I wouldn't trust M&F currently, we were at some panelbeater recently and a lot of them didn't want to repair the car if you were insured with M&F cause there were some issues with regards to them, but I agree, get a broker, imho it's way better and easier... called various companies such as A&G, Budget, DD, etc and none of them wanted to insure me because of my age and because my car was associated as too high risk, called Outsurance (where the share holders always get something out) and they quoted me R2500 per month and an excess of something like R5000... called a broker from Indwe Risk Services and they got me comprehensive insurance for R780 per month at Zurich...

Furthermore, crap like this Hippo.co.za i believe is run by one company which manages or owns all the companies it gives you results from... such as A&G, Budget, DD, etc... all of their online quote system forms look exactly the same and give the same errors, the same goes for hippo...
Click to expand...
 
xrapidx said:
and they try and take every corner when repairing your car. My hilux was repaired so badly by Dial Direct that when I turn left, the wheel catches the body, I've been fighting with them since last year October, the short-term ombudsman has finally gotten them to take my car back in for repairs, going back in on Monday.

I'm shocked at their level of work - their are parts of the body panels that weren't sprayed on the inside...
Click to expand...


Did you insist on a toyota approved repairer?
 
Does it not seem abnormal to you that she has to pay R3000 for excess when the damage repair cost is only R3700?
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This is done to avoid claims for "small" damage. it does have the benefit that it can keep your no-claim bonus intact but then means you're short of R3k when they pay for total loss of your vehicle. Which is not too bad.
 
essop1@gp said:
A&G, Budget, Dial Direct and F4W are all part of the same group, thats why you were uninsurable with them.
Ask me i know, i was once declined insurance by them and i was staff:mad:
Click to expand...

Exactly... that's why hippo.co.za is the biggest cr@p ever... it's the parent that created this "new" tool... I wouldn't use hippo at all!
 
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