Car insurance increase

blah99

blah99

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Dial direct has decided to increase my car insurance from 640 To 770 per month. Thats nearly 20% increase! On top of that they also increased my basic access from 2500 to 7500 ! Called mi way and they quoted me 700 with 2500 Access. Anyone else got a shock in annual car insurance increase? I think its time to move elsewhere.
 
It definitely is time to move. Heck, my Santam-based brokers decreased the premium because... THE CAR IS CHEAPER NOW THAN A YEAR AGO! Yes, your read it here folks, your car is worth less now and can thus be insured for less (unless your insurer allows you cover to the amount you bought the car for).
 
supersunbird said:
It definitely is time to move. Heck, my Santam-based brokers decreased the premium because... THE CAR IS CHEAPER NOW THAN A YEAR AGO! Yes, your read it here folks, your car is worth less now and can thus be insured for less (unless your insurer allows you cover to the amount you bought the car for).
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Is that possible? I know they have a thing called "Top Up" if your car is insured at market value of R80 000 and you owe R95 000, you can take a top up of R15 000.

The crap thing about insurers is, they don't adjust your car value at all, so if you pay a premium of a R90 000 car, but the market value is R50 000, they will only pay R50 000.:(
 
kiepie said:
Is that possible? I know they have a thing called "Top Up" if your car is insured at market value of R80 000 and you owe R95 000, you can take a top up of R15 000.

The crap thing about insurers is, they don't adjust your car value at all, so if you pay a premium of a R90 000 car, but the market value is R50 000, they will only pay R50 000.:(
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But I just told you they adjusted mine... out of their own even :( Why won't you believe me? :(

Anyhow, if you pay more than what the car is worth you are overinsured and pissing money away.
 
supersunbird said:
Anyhow, if you pay more than what the car is worth you are overinsured and pissing money away.
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True. If it's stolen or written off, you get book value, regardless of what you insure it for. A good broker will tell you this, and adjust your vehicle value downwards each year. My old bakkie's hit rock bottom - can't insure it for any less.
 
Outsurance quoted me R1400 pm for my Buell XB9SX!!!! I got insurance through a broker for R231.... "cut out the middleman"? The middleman saved me R1100 pm!
Also got my car's insurance down from R1050 to R800 (it's insured for business use).
 
Friggs said:
Outsurance quoted me R1400 pm for my Buell XB9SX!!!! I got insurance through a broker for R231.... "cut out the middleman"? The middleman saved me R1100 pm!
Also got my car's insurance down from R1050 to R800 (it's insured for business use).
Click to expand...

Be thankful you never went with outsurance - wait till you have to make a claim with those criminals.

Brokers FTW - mines a sweet old duck, best broker ever. She's saved us a fortune and always gives good advice.
 
supersunbird said:
But I just told you they adjusted mine... out of their own even :( Why won't you believe me? :(

Anyhow, if you pay more than what the car is worth you are overinsured and pissing money away.
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Didn't say I didn't believe you, if it sound that why, sorry. :)

It's just with my Santam brokers they don't, and that p1sses me off. It's better if they do decrease the value on there own, it ends up saving you money. :)
 
You should evaluate your insurance every year, they are all a bunch of sharks, so find the cheapest shark out there.

And as mentioned before, your car's insurance is suppose to decrease every year as the value of your car decreases.

Just try this, if you are with outsurance, just phone them and tell them you want to know why your premium for your car is not decreasing, they will try to convince you that parts are getting more expensive blah blah blah. But just keep on hammering them, soon they will tell you that you are a valued customer and will be inline for a decrease in premiums as a bonus.

I tried it twice, and every time I was a "valued" customer, that got a bonus discount

EDIT: Oh and stay away from dial direct or budget insurance, they are both underwritten by Auto and General, and A&G is notorious for going to the ends of the earth to disqualify your claim. A Buddy of mine was with them, and one evening at the flat where he stayed, the wind blew over these large plastic garbage bins which scratched his car. He called A&G, the came out, and the guy actually went and checked the tires, stating that if the tires were a little bit worn, they would not pay out
 
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Gothan said:
You should evaluate your insurance every year, they are all a bunch of sharks, so find the cheapest shark out there.

And as mentioned before, your car's insurance is suppose to decrease every year as the value of your car decreases.

Just try this, if you are with outsurance, just phone them and tell them you want to know why your premium for your car is not decreasing, they will try to convince you that parts are getting more expensive blah blah blah. But just keep on hammering them, soon they will tell you that you are a valued customer and will be inline for a decrease in premiums as a bonus.

I tried it twice, and every time I was a "valued" customer, that got a bonus discount

EDIT: Oh and stay away from dial direct or budget insurance, they are both underwritten by Auto and General, and A&G is notorious for going to the ends of the earth to disqualify your claim. A Buddy of mine was with them, and one evening at the flat where he stayed, the wind blew over these large plastic garbage bins which scratched his car. He called A&G, the came out, and the guy actually went and checked the tires, stating that if the tires were a little bit worn, they would not pay out
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+1.

All those "phone today" insurers should be avoided like the plague. Had a claim for a stolen car repudiated by Dial Direct. :mad:
 
Regent hiked my premium by 60%! Needless to say they lost one client in the same week. I too went to mi-way. There were 3 people at work with regent and each one had a humungous premium increase and moved. So add that bunch to the list of money grabbers... er.. insurers to avoid.
 
blah99 said:
Dial direct has decided to increase my car insurance from 640 To 770 per month. Thats nearly 20% increase! On top of that they also increased my basic access from 2500 to 7500 ! Called mi way and they quoted me 700 with 2500 Access. Anyone else got a shock in annual car insurance increase? I think its time to move elsewhere.
Click to expand...

Erm, yep, it would seem they are all pushing up their prices quite hard. My total insurance went from around R1600 to R2500 ... between 25% and 30% increase on our vehicles. I politely cancelled my policies :)
 
See for everyone 1 that leaves due the premium they catch 10 who don't, they are sneaky and make loads of money by doing this.

All these places that say cut out the middleman work out more expensive than using the middleman.

I got quoted 750 for my fiancee's car, she is 26 and obviously female :p so i cannot see why dial direct and outsurance would be so high, then i called hollard and average around 350 a month on pay as you drive and it would have been 490 for full cover. She was paying standard bank 650 and then they upped it by a 100 bucks and she left for hollard.
 
Friggs said:
Outsurance quoted me R1400 pm for my Buell XB9SX!!!! I got insurance through a broker for R231.... "cut out the middleman"? The middleman saved me R1100 pm!
Also got my car's insurance down from R1050 to R800 (it's insured for business use).
Click to expand...

They quoted me R570 for a R 200 000 car.

Did u try Hippo.co.za or Multi-Insurance brokers?
 
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