Fazda
Honorary Master
Great stuff Dinky! PM the OP so that you know that he has read your post.
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Reducing insurance
- Thread starter CathJ
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Great stuff Dinky! PM the OP so that you know that he has read your post.
MartyMarts
Spontaneous Interruption
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I was hijacked in July 2009 and Outsurance paid the claim out within a week. The car was still insured so they dealt with the bank and sorted it all out without much intervention from me. IIRC, I didn't even have to pay an excess. I often think that I might be paying too much for insurance but then again you have to ask yourself - when the proverbial sh-t hits the fan, are things going to go smoothly or are you going to have to deal with k@k and fine-print clauses in your insurance contract that you weren't aware of?
Bona Botse
A little insight goes a long way
can you guys with brokers that you're happy with please inbox me your brokers' details? also with outsurance and i'm feeling the hurt each month. thanks!
dlk001
Executive Member
+1 If you get a good broker, the "No Excess" option will actually cost less than going directly to Santam with an Excess. I've used Indwe Risk Services from 2003 to 2008 and they always negotiated good deals with Santam with No Excess.
Oldish thread, but would like to add: I used to be with Outsurance, but after the situation with the 2 large claims last year as well as my families history with A&G, I opted for the broker route,
I am now with Zurich, via a broker, and beside the fact that they do not offer roadside assitance yet (which I have via Mccarthy for a certain period as a result), they do provide comprehensive insurance, decent excesses and the "no excess" option for first claim every year and a capped maximum 5% excess amount for every claim, the "downside" being a minimum of R1000.00 for anything excluding windscreen. I am now paying sub R800.00 a month for home content, all-risk (to the value of R16000.00), and car insurance, as opposed to R2000.00 with Outsurance.
I realise that I have a bad record due to a write off, but it seems rediculous to be paying that much. I played open cards with Outsurance, but they refused to reduce the premium.
Oh well
(Having read other comments as well, thought I might as well post this in case someone needs the info in the future...)
Find out from your insurer which option they insure your car at; some go with retail value, some with book value... Get an amount out of them. They have a book from which they pick up the value of the car, and that is the rate at which they insure it. If you ask them to insure it at X amount, you will pay the premium of X amount, but they will only pay out the amount listed in that book, regardless of it being insured for X amount as far as you're concerned. So get that value from them. If you owe more on the car than the value they specify, then you need to add 'top-up' or 'credit shortfall' insurance.
The value of your car (ie the amount in their book) does fall a bit every month. They will not lower the premium unless you ask, though. So make a point of calling them every 3-6 months and asking that they re-adjust your premium.
Also remember that a lower premium will likely have an excess requirement.
I've always had better luck with brokers, who can negotiate better deals for you and are an extra line of defence when the **** hits the fan.
I've just cancelled insurance with Zurich via a broker, and they do offer roadside assistance. You might want to check that one with your broker again.
F
Former member 61586
Guest
if your insurance ever goes up in a year where you havent claimed then you are being screwed over.
1. you didnt claim, so obviously your risk profile should improve thus lowering your premium.
2. you got older, which also improves your risk profile and should thus lower your premium.
3. your car depreciated by quite a margin, and thus you are being insured for less value thus your premiums should decrease.
1. you didnt claim, so obviously your risk profile should improve thus lowering your premium.
2. you got older, which also improves your risk profile and should thus lower your premium.
3. your car depreciated by quite a margin, and thus you are being insured for less value thus your premiums should decrease.
pulling wire
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My excess is R3000. I have a deal with Hollard insurance where my premium is based on the number of km's I drive per month. My premium is very reasonable I think.
I'll check on that, perhaps there was some sort of miscommunication. May I ask why you cancelled with them?
SaiyanZ
Executive Member
What is your premium and how much is financed? I'm thinking of getting a quote for per km insurance. Since I moved close to work I only do a 3km round trip per day. So only around 60-70kms a month for work. o.0 The rest of the time will be weekend driving so doubt I'd do much more than 500km per month. (Single for now, so I'm not a taxi driver)
This, plain and simple! I have to fight with Outsurance every year, even when I haven't claimed and I've been a client for more than 5 years
Rouxenator
Dank meme lord
Your insurance should come down each year as your cars value go down and you don't claim - it should not go up. I have a 2010 Corsa 1.4 and a 2001 Astra 1.6 on my policy, been claim free for 7 years and I am paying R600 p.m. for both cars. It also helps that these cars are seen as low risk cars (not too fast and no one wants to steal them).
I am with outsurance claimed last year for another idiots stupidity he had some green k@k toyota 4x4 hit my fender and smashed my light on my getz(only costed 6K) outsurance raised my premium , so last year (in december) i called dial direct asking for a quote they quoted me R400 Less! so I called outsurance telling them i wanted to cancel my insurance as i got a better rate with dial direct dude on phone says hang on and puts me on hold(talks to the manager) and says because I am a loyal customer they will reduce it by R450 so i landed up saving R450 now i am smiling 
D3x!
Banned
I am with outsurance claimed last year for another idiots stupidity he had some green k@k toyota 4x4 hit my fender and smashed my light on my getz(only costed 6K) outsurance raised my premium , so last year (in december) i called dial direct asking for a quote they quoted me R400 Less! so I called outsurance telling them i wanted to cancel my insurance as i got a better rate with dial direct dude on phone says hang on and puts me on hold(talks to the manager) and says because I am a loyal customer they will reduce it by R450 so i landed up saving R450 now i am smiling
now call my broker and get an even better premium and service
now call my broker and get an even better premium and service
hmmmm PM.. Details
Rouxenator
Dank meme lord
... and says because I am a loyal customer they will reduce it by R450 so i landed up saving R450 now i am smiling
So they admitted to screwing you over all the time until you called. Nice.
I dont mind paying because outsurance is really one of the best some ppl will beg to differ! I learnt the hard way i was insured by some unheard of insurance company when i had my previous car got stolen, they took close to 4 months to pay and after calculated their ridiculous excess policy for me being under 25 i had to pay 23K on the car now that is getting screwed over!!!
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Rouxenator
Dank meme lord
I suppose there is some sense in sticking with the same company - you build up a reputation with them so thats good. Glad they were willing to make things better for you.
Thats is true and insurance companies are very reluctant to pay your claim if you have only been a client for a couple of months, so moving around is not the best idea.