The WB van is back from the shop (pics to come soon, I promise!). Straight and new paint, so I'm thinking it is time to upgrade my insurance from third party fire and theft to something more comprehensive. Just wondering which insurance companies everyone is with and what to look for in insurance types? I'm with RACQ currently but willing to shop around.
How do you judge what your vehicle is worth in $$$?
i used to be with shannons who are ok... did me good when my muralled VR wagon got trashed by a kangaroo. However, for some reason, I struggled with them when trying to insure my 83WB. They kept telling me it's a Belmont. Anywho, they were ok, but, we had a guy from Lumley come and visit a VCV meeting one nite and we discussed insurance with him. I later decided to get them to quote me and it's heaps cheaper for the same cover, the only difference is that rather than insuring for daily driver, it's insured for occasional drive.... so that saves me some $. Fine print is pretty much the same in both policies. I've not had to make a claim (touch wood....), but I haven't heard any negative re their service. I"ve also tried others like AAMI, HBA, RACV etc..... but none would recognise a vehicle that old....the kids on the phone were too young to understand what I was talking about....lol. Good luck.
it's here and I love it!!
I'm keen to hear from anyone with "Laid up" vehicle insurance as well, who with and what you pay.
The 3 times I've dealt with them, I've found Shannons to be very good on the phone - I guess it depends on who you get on the day. When I first insured the Brock wagon, there was nothing there for them to work off. It took the guy a bit of extra effort, but they were able to open up a new category listing for it, and insure it for what it is, not just a generic vehicle. At that time I also shifted the house & contents over as well - after he sold me on the tools & parts coverage.
Some time later I phoned them back to add a 6L VE Calais V to the policy as a daily drive, and the fellow I got on the phone asked me if I wanted to increase the agreed value of the Brock, as he thought it was too low for "such a rare Brock with the even rarer stroker option" - I was amazed that he even realised what it was. I commented positively on his knowledge & he told me he was a hot rodder from Adelaide, who had to give up his manual labour job due to an injury, but could easily sit at a desk & work a computer, so he applied for the role & got it. At that time, he told me they were actively seeking car & bike people for thier phone consultant roles, to give the customers a better experience. I guess it worked in my case. The other times I dealt with a hot rodder & modified commodore guy from Canberra (Chris for those who know him) and I've also had a bike fanatic, who understood cars too.
I haven't had to claim, but my father-in-law has had 2 claims with them on the same car - first was a write-off when a kid in an uninsured car turned in front of him (he kept the wreck). He restored it, had it inspected by the Shannons rep, and they were happy to insure it again. A few years later it was totalled on the freeway, and they were happy to pay him out & again he kept the wreck. This time he sold the wreck to a friend who is restoring it (didn't want to test the theory that bad luck comes in 3s). Each time they were great to deal with, understood the passion about the vehicle, and the situation. Payouts were quick & hassle free too. I have had mates in the Brock scene change to other insurance companies, citing savings of $x etc, but I haven't even worried about trying, as Shannon's premiums are very reasonable, and their service (for me & my relatives) has been excellent.
--- Updated ---
Again - Shannons. Their agreed value suggestion was at the top end of the scale I had in mind - but they explained the cost of replacing things is normally a lot higher than people think, and people who do a lot of resto work themselves tend to under-value the cost of fixing/replacing things.Originally Posted by playwme
Back then for me it was $186/yr. The cost would probably depend more on your location & other policies with them, more than the actual agreed value. The premium doesn't vary much when they increase the agreed value - another $15k simply added $30/yr to mine.
i was with nrma vintage and veteran for years but moved over to shannons for a few reasons..1 being better cover for less money and also nrma would not do my shed..took everything to shannons including my house which got the shed covered automatically for 10k.
i had 2 claims with nrma and they were ok but i had 1 claim with shannons and they were fantastic to the point that it was almost annoying.
i looked at lumleys a while back but didnt see any advantage to changing from shannons with the policy i have which covers 9 cars and 1 harley..plus house and shed on another policy.
laid up on hq ls350 coupe for 16k is $115.62
laid up on hq gts 350 coupe for 85k is $338.
laid up on our 71 transam for 50k is $202.49
club rego for 69 ram air 3 gto for 63k is $271.37
full rego on injected wb van for 25k is $420.72.
the boss womans vx ss is the dearest at 14k for $527.60
harley is an 82 wide glide shovel and its at 12k for $223.56
Last edited by ozbox; 24-10-2011 at 01:58 PM.
Thanks guys. Good to get some figures before I start the ring around!
A couple of quick calls so far:
RACQ yearly premium $569 ($500excess) for $6700 worth of vehicle (maximum they will do for my WB van)
Shannons yearly premium $487 ($500excess) for $9000 agreed value. Daily drive rates. Would drop to $360 for limited use under 2 days per week.
How would they know if you were using daily or limited use?
The km logged at each annual pink slip would be one way.
If you made a claim, and they investigated it, then an interview with a neighbour or work colleague could spill the beans too - seen this happen to 2 mates when I was younger - one was not insured to drive his mother's new fairlane on a regular basis, wrote it off, and the neighbour told the investigator he drove her to the station every day. They refused the claim.
Best way is to keep it real and there be no problems,keep the cover like the usage
I'm also with Shannons. I had the van on "laid up" insurance for $15,000.00 while I was building it then converted it to full comp when I got rego. I think "laid up" was only about $110.00 per year. They insured it for $28,000.00 and the premium only went up by $20.00-$30.00 per year but as a "limited use" vehicle. Thats Ok as I only drive it on weekends anyway. I also get a discount for multiple cars because I have the Chev and the hot rod insured with them as well as my house and contents. The thing I like with Shannons is I have wreck retention rights so, if something does happen, at least I get to keep my cars.
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