[oz question] what is the best insurance company to go with??

[x5TT]

my ride: x5 sd sports with $20k equip.

I'm in Melbourne and I'm 24 years old.

What is the best insurance company to go with. I have tried to get a quote from RACV, just wondering is there any better option?

[LCJcCmW]

hi mate. i found GIO to be way cheaper than a few i've looked at though i'm in a higher age bracket than you btw, Wheels magazine has the x5 cheapest to insure compared to the ml-350 & the Q7 and its when i went thru the comparison parameters that i discovered GIO was the insurer used....

[x5TT]

But I put pretty much the same parameters, RACV gives me $200 less than GIO

[g-unit]

I have on order an almost identical car!!!
X5 3.0sd sapphire black with nevada camel brown.

I just got a quote from RAA ere in adelaide - $1350. My wife and i are 25.

Out of interest when is yours due for delivery?

[x5TT]

$1350! it sounds good

Is RAA only available in Adelaide?

My car is now in dealership and I can pick up at any time.

[g-unit]

Not sure whether you can use outside of RAA. maybe checkout their website raa.com.au

[LVR]

We are with Allianz after making comparisons....

[carlgo]

Having worked both the insurance and the repair sides of the aisle, I recommend a company that has a local agent, or an independent agent who can pick between several companies. They get a commission, so they try to help you out. The internet companies employ fictitious, albeit hot, cartoon girls and they can't help you!

All this is especially important if you have a nice car and other property. You just get better service and often have access to better repair shops. You do not want your X in the cheap shop, believe me!

[x5TT]

Originally Posted by carlgo

Having worked both the insurance and the repair sides of the aisle, I recommend a company that has a local agent, or an independent agent who can pick between several companies. They get a commission, so they try to help you out. The internet companies employ fictitious, albeit hot, cartoon girls and they can't help you!

All this is especially important if you have a nice car and other property. You just get better service and often have access to better repair shops. You do not want your X in the cheap shop, believe me!

I believe so. choosing from an independent agent would be a great idea.

one more question, by picking a really HIGH excess, it could gives a VERY low premium. I know it depends on the behaviour of the driver. But I have 7 years driving experience and have no accident before, so I'm a safe driver...(so far, at least) In that case, is it a wise choice to pick a high excess?

[carlgo]

Originally Posted by x5TT

I believe so. choosing from an independent agent would be a great idea.

one more question, by picking a really HIGH excess, it could gives a VERY low premium. I know it depends on the behaviour of the driver. But I have 7 years driving experience and have no accident before, so I'm a safe driver...(so far, at least) In that case, is it a wise choice to pick a high excess?

I believe you are referring to what we call a deductible in the US. I, for example, have a $500 deductible which means if I run the X into a tree I have to pay the first $500. I have had $1000 deductibles before because I worked in a shop and could either do things myself or at least get it wholesale.

You save money with a high deductible, assuming your bank allows it, but it is painful to pay if you have a problem. My advice is to get the largest excess/deductible you could handle in the event of an accident.

Also, we have collision coverage (the typical accidents we have been referring to) and comprehensive coverage which covers fire, floods and other acts of nature, theft, broken glass, vandalism and such. Most people have a lower deductible for that. Of course, the cost of a new windshield today would support a whole village of lepers for a year.