Discovery Insure Petrol Refund

It works, and but they cap it at a max of about R250 per month...
 
Discovery wants to make people better drivers. Each insured vehicle will be equipped with a tracking device (“DQ-Track”), which will not only measure the position of the vehicle, but also your driving behavior.
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crazy
 
brucem said:
It works, and but they cap it at a max of about R250 per month...
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Hmmm that's not quite right. They have a reward system based on driving habits and knowledge, similar to their vitality system. This system gives you a score every month and you can receive a maximum of 40% back on the rand value of that score.

For example:
I score 650 points in march but spend 1100 on fuel. If I have the max of 40% savings, I'll get back 40% of the 650 which is about R300. Now if my wife is exactly the same, we receive back R600 in total.

It's not dificult to ramp a score over 700 so it's kind of worth it.
 
None of the dq knowledge can be used to refute a claim. It's sole purpose is to do the scoring and ant-theft.
 
They're covering this by having higher premiums from what I remember..

They quoted me a stupid premium (slightly lower than Outsurance by not by much)
 
ToxicBunny said:
They're covering this by having higher premiums from what I remember..

They quoted me a stupid premium (slightly lower than Outsurance by not by much)
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Depends on vehicle and risk, my premiums ( 2 cars + household ) went from R2k to R1.6k a month when I switched. Also with the free trackers, my wifes vehicle now had a tracking device and I saved R215 on my old tracking device which I discontinued. So add that with the fuel money back, even if lets say it's something like R500 thats R500+R215+R300(from prem differance) and thats R1k back in my pocket a month that I used to have to spend on necessities.

Never mind the additional Drive discounts to my current Vitality status.
 
ToxicBunny said:
They're covering this by having higher premiums from what I remember..

They quoted me a stupid premium (slightly lower than Outsurance by not by much)
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Its weird, they actually quoted me lower. Insurance company models are pretty screwed up anyway
 
pistolero said:
Its weird, they actually quoted me lower. Insurance company models are pretty screwed up anyway
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Always shop around for Insurance and see whats offered. Outsurance have always been R300-R400 more than others for me but if you want loyalty then get a dog. Go where you feel is best bang for buck.

Been with A&G, Outsurance,Hamford, Hollard and Discovery.
 
Kosmik said:
Depends on vehicle and risk, my premiums ( 2 cars + household ) went from R2k to R1.6k a month when I switched. Also with the free trackers, my wifes vehicle now had a tracking device and I saved R215 on my old tracking device which I discontinued. So add that with the fuel money back, even if lets say it's something like R500 thats R500+R215+R300(from prem differance) and thats R1k back in my pocket a month that I used to have to spend on necessities.

Never mind the additional Drive discounts to my current Vitality status.
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Yet my wife and I pay R700 for two cars & household from Hollard (via a broker) with an excess of R2500 - so no need for a tracker for us. But with all insurance you cannot say just because I'm saving with company x you are also going to save with them. Its all needs and risk based.
 
Yep, that's why I say shop around.

Btw, the 2K was with Hollard :p What vehicles btw? Ours are a corrola d4d excl and a i20.
 
The premium wasn't too bad ... I was quoted very slightly higher than what I'm paying now, which no one has come close to. Add in the discounts and it's better.

I didn't like the tracking, even though they say they won't track you. Perhaps they're subpoened or something for the bumper bashing at 65km/h in a 60 zone. Silly example, but the worry is there
 
Dolby, the inverse could apply too. I found out through my tracking unit that my damn service dealer left my car idling for 30 minutes in what I suspect was some bastard enjoying my climate control on his lunch break. At work, we have combined video/audio/tracker units, they have actually saved us a good couple bucks on insurance with videos showing the story and other vehicles where we we're "witnesses" and involved have been asked for too.
 
http://www.swissfin.co.za/en/news/82-newsflash-july-2011.html

With the launch of Discovery Insure, the company started competing in the short-term market. Not unsurprisingly, the financial services firm has put together incentives such as 40% rebate on fuel costs.

The main features of the new product are as follows:

Clients have to insure at least one vehicle comprehensively and can add buildings, contents etc.
Discovery wants to make people better drivers. Each insured vehicle will be equipped with a tracking device (“DQ-Track”), which will not only measure the position of the vehicle, but also your driving behavior.
Clients can subscribe to “Vitality Drive” for which you get rewards for improving your driving style.
You can get a refund of up to 40% of your fuel costs at BP petrol stations only.
You have to do an annual car check up at Tiger Wheel and Tyre, do online questionnaires etc. to prove that you are a responsible driver.
Advantages of Discovery’s offering
Fuel cost refund (limited to R 1000 p.m. maximum spend)
Heavy accidents will immediately trigger an emergency signal through the tracking device to Discovery to respond to the accident.
Car hire is automatically included.
No excess payable if you are not at fault (theft, hijacking, hail, storm or fire).
Roadside assistance included.
SmartService is aimed at providing a hassle-free car claims experience.
A smartphone application can be downloaded to assist you with motor claims.
Boosted Vitality and Discovery Credit Card rewards
The fuel rewards can be allocated to an excess funder account. The funds can be used to offset your excess in the event of a car claim.
The “All Risk” section gives you the “estimated maximum loss”, which means you do not have to specify all the articles to take away from home.
Contents over R 750’000 must be valued free of charge before they can be insured.

Disadvantages of Discovery’s offering

All claims are handled via a call centre. There is no broker involvement at all.
The policy is not ideal for drivers that accelerate fast, brake hard, go fast through corners, drive at night / weekends and travel long distances.
No commercially owned policies are possible.
Funds from the excess funder account can only be withdrawn after 3 years.
Only monthly policies are possible.
You have to sign a consent form so that Discovery can share information with other insurers or use it for credit checks.
Unlike other insurers, your policy cancellation period is 30 days.
A copy of the police report is necessary to process certain claims. Knowing the level of service of SAPS, this might create delays in handling a claim.
Vehicles will only be covered comprehensively once inspected by Discovery. Until then the cover will be 3rd party only.
Cars cannot be insured by telephone on short notice (e.g. on a Friday afternoon), due to the processes involved.
You have co-payments if you use providers out of Discovery’s network, such as repairs to windscreens, towing services etc.
If you have an accident outside the borders of South Africa, you are liable to get the vehicle to the border, thereafter Discovery will pay for the towing/transport.
Foreigners must have a South African driver’s license within 12 months of having become a permanent resident.
Personal liability is only valid in South Africa.
The DQ could be used in the event of an accident and your claim could be repudiated if you were speeding etc.
If your house is unoccupied for more than 60 days, you have to apply for cover and Discovery could decline insurance cover.


Comment
We have analyzed the policy benefits and welcome Discovery’s offering – it is a new approach to the insurance market and brings in new elements. It is certainly aimed at the motor insurance market and no real differences were brought in regarding contents and buildings insurance.
The policy will only suit policyholders that fall in the category of responsible drivers. The proposition suits drivers that have a BP station nearby and that use the Discovery credit card.
For more information or a quote, please contact our short-term insurance department or Mr. Kenny Williamson.
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:(
 
I got a really good quote savings of about 2500 on my household and car insurance. Saw the BIG BROTHER crap together with thm being underwritten by Hollard and I ran. This from soemone whose business it is to sue insurance companies.
 
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