Car insurance

[daddy_4_eyes]

Anyone have any recommendations for which insurer I should go to as an under-25 driver? I'm only looking for 3rd party insurance on a <$8000 car.

 

[Asgardian]

Go to an Insurance Broker that specialises in "hard to place" risks

Trust me, all drivers under 25 are now hard to place

There are some brokers saying they can place under age drivers, VIEW THEM WITH SUSPICION, buyer beware, most are probably okay, but you have to read ALL brochures, application forms AND policy documents BEFORE signing.

Ask about their "dispute resolution" proceedure, if they are any good, they will have printed material about just that exact subject

Seek from the actual insurer acknowledgement of any special risks, circumstances, non-standard items

Seek, in writing, clarification of their standard plus special excesses due in the event of a claim, find out about their attitude regarding policyholder contributions, to items such as tyres, radiators or other mechanical parts, in the event of a claim.

If you deal with a Broker, be aware of what you are paying, and how that figure is arrived at, it could look like this:-

Basic Premium = $
Emergency Services Levy = $
Stamp Duty = $
Brokers Fee = $

TOTAL PREMIUM = $..............

The Broker pockets the "Brokers Fee", plus they earn a commission on the Basic Premium, for car insurance the usual range is 10 to 15%.

Remember, there is the Insurance Council in each state, the Insurance Commissioner, the industry Ombudsman.

Ask questions, get answers in writing, read everything, and ONLY when you are happy, settle the insurance

 

[Joel]

Ring around and find out the cheapest for you.

 

[Squeak]

Originally posted by Joel
Ring around and find out the cheapest for you.

Nah he should go with the one that is the most expensive.

 

[Joel]

Originally posted by Squeak
Nah he should go with the one that is the most expensive.

Shhhh! I was just saying the most obvious thing that came to my head.

 

[daddy_4_eyes]

Thanks Asgardian, thats some sound advice. Much appreciated