Anyone with Coles Car Insurance?

[charliebrown]

I'm currently on RACV for $2000 under parents name.
I obtained a quote from Coles which is only $640 and covers drivers under 25. If i add in my name as another driver, it becomes 1280 which is still a heck of a lot cheaper than RACV.

On RACV, i believe that if i crash, i pay standard + age excess = 950ish
On coles, it'll be the same, however they don't state anywhere their age excess. the standard is 650.

Can anyone give their opinions, or if they are insured with Coles to state their experiences also.

Cheers

PS. i'm 18, with a 98 integra gsi (dc4)

[Bulbasaur]

umm is this coles as in the supermarket? O_O

[MikeyG]

thats what i was thinking

you coles like woolworths

the fuk they doing insurance for?

[V73C]

Because they a nation supermarket maybe they got the dough ???

[yellows2k]

a lot of insurance underwriters are aligning themselves with other national brands. this co-branding has been around for a while. the banks did it many years ago, westpac insurance, st george insurance, etc.
basically, look who the underwriter is. normally its vero, or suncorp, or a big name insurer. how it works is the underwriter is given a criteria in which they can offer policies thru. such as type of car, age restrictions, amount insured, etc.
often, they cannot insure high end luxury or high risk cars such as sports cars. but everyday cars like a magna, or corolla would be their target market.
just read the policy carefully and see who the underwriter is.
i insured with westpac many years ago when i had my s2000, made a claim, no issues.

[u mad?]

lmao @ paying $2K a year insurance for a dc4


lmao

[mugen_ctr]

my old man went with west pac insurance... made a claim few weeks ago, didnt reliaze that it was infact vero insurance that does it an not the actual westpac lol, was wondering why it was vero an not westpac em selfs, i guess all comes down to making more money if the banks paired up with other companies

[act_gooner]

2k, wtf? I pay half that and I'm with AAMI.

[charliebrown]

yeah, lot of "wtf @ 2k"... I DONT KNOW WHY THEY ARE BEING ****S TO ME :(

it shouldn't be THAT high, im 18 + high risk suburb + sports car (shitbox more like it)... FAHH dammit

[michaelz]

coles is doing insurance? next thing you know you'll be able to pickup a cover note for your newly purchased car down the isle.

question is, how cheap is it compared to something generic like justcar.

[charliebrown]

Coles is VERY cheap... for most people at least. Easily the cheapest by a mile for me. Not sure about the quality, hence the thread. They also don't reveal much information in their PDS or website, so i'm suspecting they are dodgy. They don't even mention how much the age excess is. Could be $2000 for <25yo for all we know.

[act_gooner]

Go on other insurer websites, you can put in all your own and your cars details and they can give you a rough estimate on how much your insurance will cost.

[charliebrown]

I've got an estimate from every insurer i can think of and more, RACV works out to be the cheapest at $2000 under parents name. Only second to coles now that i've discovered them.
Surely this is some garbage bs

[act_gooner]

Talk to AAMI. I have a DC4 aswell that it is only slightly over 1k under my parents name with me as an occasional driver. Your car is stock aswell so I don't see why its costing so much.

[charliebrown]

Are you 18 with 0 yrs experience though? and bad suburb?

oh and also, i just tried to do another quote with AAMI, it says they are unable to provide me with an online quote and that i must call or email them. so yeah i wrote in the comment that i bought it from a dealer for blah blah price and that it has extremely low kms (100,000km for a 13 year old car). which is probably why their quote generator effed up. since i think market value for a 98 dc4 is something like 6k?

[michaelz]

$2k full comp right? it's not that bad.

i tried to get full comp on a S14 back in the day when we still had power/weight rules. RACV quoted me $7500 a year full comp. LOL, i can assume 2 things from that quote, either we don't want your business or you're definitely going to write it off in the first year.

[act_gooner]

Are you 18 with 0 yrs experience though? and bad suburb?

oh and also, i just tried to do another quote with AAMI, it says they are unable to provide me with an online quote and that i must call or email them. so yeah i wrote in the comment that i bought it from a dealer for blah blah price and that it has extremely low kms (100,000km for a 13 year old car). which is probably why their quote generator effed up. since i think market value for a 98 dc4 is something like 6k?

I was 19 when I bought it and in a fairly average suburb, this is Canberra though so a little different.

[charliebrown]

Wow... Got an email back from aami with my quote! The details I put in were dads name with me as secondary driver.
$722 pa full comp. Agreed value of $6500 (the fk I paid 10000!). Excesses are 550 + 450 + 95. Okay the 722 is looking the sweet. What do you think I should do? Switch? Coles or aami? Racv obviously ripping me off

[viinnh]

my mum's paying 1k for 2 way insurance on a 05 mazda 6 and my sister is paying the same amount on a 04 euro, my sister had it whenshe was 24. and now its still the same :S

thier with just car's cheapest we found. im with just car for my eg but 1 way. 246 bucks lol

[xenonkuraz]

I am with Coles (Wesfarmers) Insurance. I got the 5% discount for working with them. However they wouldn't insure my porsche boxster because of my age, but they were happy to insure the civic. Pretty good premium too.

[act_gooner]

Wow... Got an email back from aami with my quote! The details I put in were dads name with me as secondary driver.
$722 pa full comp. Agreed value of $6500 (the fk I paid 10000!). Excesses are 550 + 450 + 95. Okay the 722 is looking the sweet. What do you think I should do? Switch? Coles or aami? Racv obviously ripping me off

I think most insurance companies will undervalue your car, but 6.5k isn't that bad. If I got that for my car if it was in a bad accident I'd be happy.

[charliebrown]

What mods have you got on your car? And how much did it increase your premium? I'm wondering because if it doesn't increase too much, was gonna chuck on an axleback muffler and a CAI, which don't increase performance much at all so it shouldn't go up

[mugen_ctr]

unless its shanon or justcar, odds are they wont insure u OR they will double the price as such...

Unless ur mods are $$$$, than really u gotta ask ur self, is it worth paying more than just saying its non modded... I know for fact, a few guys i knw have modded GTR's insure it with all mods as the parts alone add up to the cars value an that i can see when its worth paying more to insure ur vehicle with mods, but as with alot of the cars around, with mild mods, id say its not worth paying more money to protect a simple exhaust or air filter (unless the exhaust is a titanium system lol)

Yes there is the risk of should an accident happen they mite void ur claim... BUT thats a risk...An one im willing to take, as well as hundreds of others with modded cars

[act_gooner]

^^+1.
Man, I only have a sound and exhaust system and pod filter, have not bothered telling the insurance company as they will probably up my insurance for these very basic and simple mods. Pod filter is a 2 minute job to return it to the original one, my exhaust system was a bit pricey but it was a risk I'm willing to take and the sound system is piss easy to part out anyway.

[charliebrown]

Ahh yeah, i guess it's really not worth doing basic mods at the risk of voiding insurance then. What about getting rims to replace steelies? Is that considered a violation of insurance policy? Or if you notify them, will they double your premium?

[act_gooner]

Every decision you make in life has an opportunity cost. It depends on how much you value having a nice car.

[charliebrown]

I called up AAMI... they said if i want my name on dad's policy it will be $2500... otherwise it's $750ish if just under my dad's name and i'm occasional driver.

So basically the bottom line is... $750 pa + $1100 excess if i claim with AAMI

Coles is $650 pa with cover for under 25yo, but i don't know how much their age excess is. Not listed anywhere and they haven't replied to my fkn email.

RACV is $1000 under dad's name only, and if i crash, it's like $2200 excess to claim. If i add my name in, the premium goes to $2000 pa + 1000 excess to claim. What a rip...

[viinnh]

my civic eg i put every mod on it, rims ( priced it ), sound system ( priced it ) , paint job put my eg value as 5k. and listed other mods on it from small to big. even my after market tail lights, lugnuts, exhaust, everything and im only on 1 way insurance. the reason i put everymod id because what if it wasnt my fault. some body hit into me. id lose my modifications

EDIT: and with justcar i tryed it. mucking around with more mods or less. the price didnt go up. it stayed the same

[charliebrown]

Would bolting on an axleback muffler fall under "exhaust modifications"? Cos if yes, simply bolting one on would increase my premium by $70 ish =/

[viinnh]

go find a diffrence insurance.

[mugen_ctr]

Would bolting on an axleback muffler fall under "exhaust modifications"? Cos if yes, simply bolting one on would increase my premium by $70 ish =/

If ur like the rest of us, as said previously, dont worry about it... keep the policy as no modifications, unless its a super uber, cool expensive titanium exhaust than dont bother with it

[charliebrown]

If ur like the rest of us, as said previously, dont worry about it... keep the policy as no modifications, unless its a super uber, cool expensive titanium exhaust than dont bother with it

Voiding policy?

[mugen_ctr]

ur call at the end of the day weather u tell them about ur mods or not, if u think its worth paying the extra for the extra cover

Like me an many other, its a risk we choose to take, simply cause of financial reasons, well for me it is LOL, an anyways, even if u do insure the part, its still deemed illegal.,... especially exhaust, epa reasons, so more to think about, so really, ask urself this, even if u do insure it, what if u get defected for it? Are u still willing to pay extra dispite it being off the car?

Its the little things really

An yes a axle back falls under exhaust mod

[charliebrown]

How can you know if a mod is illegal? And are P-platers in Melb even allowed to mod? I just got my red P's today :D it feels so different driving.. people don't stay far away and slow down when you indicate hahah

[ninzee]

r u sure ur insurance gets void for that cause my m8 claimed after having an accident and all they did was just not pay him for wateva wasnt listed, for eg. he didnt get money for his system

[charliebrown]

r u sure ur insurance gets void for that cause my m8 claimed after having an accident and all they did was just not pay him for wateva wasnt listed, for eg. he didnt get money for his system

Maybe you could say he was lucky? All insurance companies state it in their PDS that they have the right to refuse any claim if he didn't notify them there was a system installed i believe.

[waix]

Every decision you make in life has an opportunity cost. It depends on how much you value having a nice car.

A lesson in economics, good going haha

[mugen_ctr]

r u sure ur insurance gets void for that cause my m8 claimed after having an accident and all they did was just not pay him for wateva wasnt listed, for eg. he didnt get money for his system

All comes down to the the company an how harsh they evaulate the car with processing claims... I dont personally know anyone that has ever gone through that experience, but from what iev been told, brothers misses works with AAMI... that can happen, its worst with ppl with coilovers, wide rims to name a few, any thing that can be deemed to create a more hazardeous vehicle to say. I doubt u can argue that ur vehicle is made safer with those mods, as again the situation falls under that u have illegal mods, not adr approved

But generally sound system they dont care about, its more so the illegal mods ppl do, suspension mods, cutting the reo bar to fit cooler

[act_gooner]

A lesson in economics, good going haha

Lol, economics applies to everything.

[Swordie]

When comparing Insurance companies be aware value car insured for.

Coles for example may have an attractive premium. it agreed value could be significantly lower.

[khanguskhan]

Correct, iselect tends to lead you to this company called Aria? I think, and they value a DC2R for about 10g's, and I ended up going with BUPA, valued at 16, and in the case of an accident, if you compare the pda side by side, BUPA offers way more.

[JDM EP3]

I would stay away from iselects policies, they have an interest in selling you that cover due to them receiving a nice kickback from the insurer. Its also an insurer that is for high risk people and for those that have made a stack of claims in 5 years. I also know that due to this reason people have a very hard time claiming.
Oh and BUPA are a health insurance company, not only that their health covers suck and pay out crap so I can imagine their car insurance not being any better.

[khanguskhan]

Wrong my repairer had very hard troubles cause they do very good work but bupa us decent on ther list