F30POST
F30POST
2012-2015 BMW 3-Series and 4-Series Forum
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW 3-Series and 4-Series Forum (F30 / F32) | F30POST > 2012-2019 BMW 3 and 4-Series Forums > Regional Forums > AUSTRALIA > The Aussie Insurance Thread
ARMA SPEED
Post Reply
 
Thread Tools Search this Thread
      07-05-2012, 05:51 PM   #1
MikeVictor
Brigadier General
Australia
209
Rep
3,288
Posts

Drives: anything given a chance
Join Date: Jul 2008
Location: .au

iTrader: (0)

Garage List
Post The Aussie Insurance Thread

I wanted to share some of my thoughts for when it comes to choosing a car insurance policy with the forum as I've been reading a few PDS and shopping quotes around.

I guess first things first - prices are going to differ state by state, your driving history (or how often you broke the 11th commandment "thou shall not get caught"), location, garaging preference, age and vehicle price being the common ones. It also depends on whether the insurer wants your vehicle on their books as some are quite picky about the risk they take on.

So far I've had quotes of $764 pa (RACQ), a couple around $1,550 (NRMA and Shannons/ Suncorp) and one at a tad over $2k. Allianz website wouldn't work for me, but last I knew this is who underwrites the BMW Financial Services insurance policy in Australia.

I tend to look for a few key items:
  • choice of repairer
  • limits on common claims e.g. I found a policy that covered $750 for excess free windscreen replacement, and BMW told me a windscreen would cost me north of $1,300.
  • what the actual market/ agreed value is (usually relevant after year 2 given most companies have a "New for Old" replacement in that period)
  • price (of course)
Where I've found policies to be significantly cheaper than the competition has been a result of a deficit in one of the above areas.

I haven't settled on an insurer for the F30 yet, however I'm leaning toward Shannons given my history with the business and their coverage of my other cars and bikes over the years.

Good hunting and by all means share your experiences.
Appreciate 0
      07-05-2012, 07:22 PM   #2
Chris_F30_335
Private
Australia
5
Rep
79
Posts

Drives: F30 335
Join Date: Jun 2012
Location: Perth

iTrader: (0)

So far I have had two quotes from AAMI, who I insure my existing 2 cars and house with.

Quotes have been in the $1000-1200 pa range. This is with choice of repairer and $400 excess. I have protected no claim old-man driver status.

Of course I am not sure how much use this is as it is for a 335 and I think I have only spotted one other guy on the Oz forums with a 335...

Windscreen $1400 eh? I think its becuase of the HUD - if you have it or not you get a snazzy windscreen... and then of course all the rain/light detection equipment needs to be attached etc... not like the old days $120 and 15 mins, new windscreen!
__________________
DELIVERED! - BMW F30 335i, Mineral White, Luxury Line, 19" 401s, Dynamic M Runing Gear, Variable Sports Steering, Sports Seats, Glass Roof, HUD, Comfort Access, Rear View Camera, Music Interface & all the 335 fruit.
Appreciate 0
      07-05-2012, 08:53 PM   #3
Spikey
Captain
Australia
63
Rep
960
Posts

Drives: erratically
Join Date: Sep 2009
Location: around town~

iTrader: (0)

Hmmm.... ran a few quotes including windscreen & Hire car (only on a 328 sports line cos they don't have the M-sport as an option yet) and for my circumstances have found AAMI and RACQ to be around the $1100 mark. Suncorp and NRMA $1400+

Might stick with AAMI when I do get mine cos i'm already with them, have had no issues with claims. And their hire car policy isn't amount or time limited... I get a hire car until my car is fixed. (which once took 6 weeks due to xmas break)

I'll post something closer to the day of delivery and when the insurers have the M-sport pack as an option
Appreciate 0
      07-05-2012, 09:25 PM   #4
MikeVictor
Brigadier General
Australia
209
Rep
3,288
Posts

Drives: anything given a chance
Join Date: Jul 2008
Location: .au

iTrader: (0)

Garage List
Check the choice if repairer definition with AAMI, it's not quite the way you initially think last I checked .
Appreciate 0
      07-05-2012, 09:39 PM   #5
Spikey
Captain
Australia
63
Rep
960
Posts

Drives: erratically
Join Date: Sep 2009
Location: around town~

iTrader: (0)

Quote:
Originally Posted by Dabaitu View Post
Check the choice if repairer definition with AAMI, it's not quite the way you initially think last I checked .
yea... their definition is:

you choose a repairer and give quote... they choose one and give quote... and they decide who repairs..

The last 2 times I've had to deal with repairs (both not a fault but still ) it ended up at the same place, Domroy at Moorooka (here in Bris). Can't complain about their work... but have read mixed reviews.

Might see who has a proper 'choice of repairer' then...
Appreciate 0
      07-06-2012, 05:12 AM   #6
Chris_F30_335
Private
Australia
5
Rep
79
Posts

Drives: F30 335
Join Date: Jun 2012
Location: Perth

iTrader: (0)

Quote:
Originally Posted by Dabaitu View Post
Check the choice if repairer definition with AAMI, it's not quite the way you initially think last I checked .
Yep youre dead right. Had to make a claim on my Nissan Murano and yeah you choose one they choose one, then they choose which they go for.

Wasnt a hassle last time. In fact to be honest, for me the hassle was having to choose one - Id much rather they just did it for me.
__________________
DELIVERED! - BMW F30 335i, Mineral White, Luxury Line, 19" 401s, Dynamic M Runing Gear, Variable Sports Steering, Sports Seats, Glass Roof, HUD, Comfort Access, Rear View Camera, Music Interface & all the 335 fruit.
Appreciate 0
      07-08-2012, 03:59 PM   #7
David328M-Sport
Brigadier General
Australia
100
Rep
3,566
Posts

Drives: F30 M-Sport 328i Estoril Blue
Join Date: Jun 2005
Location: Melbourne Australia

iTrader: (0)

I investigated GIO's Platinum car insurance, which offers lifetime new car replacement, no matter how old your initial car you insure with them is at time of claim.

http://www.gio.com.au/car-insurance/...-car-insurance

Other than paying a premium rate compared to other insurers, anyone see any 'downside' to this cover?

I understand that Allianz has a very good reputation for car insurance.
__________________
328i M-Sport, Estoril Blue, Carbon XP 35 Tint, front heated seats, black Dakota, Sports Suspension, Anthracite Headliner, HUD, Pro Nav, Sunroof, hk 600w, Bi-Xenon, 19" 403M wheels, Reversing Camera, DAB+, Xenon, BT Ext Connect, MST turbo intake pipe, MST Cold Air Intake, JB4 on Map 2 with Catless DP produces awesome performance in Sport.
Appreciate 0
      08-13-2012, 06:10 PM   #8
MikeVictor
Brigadier General
Australia
209
Rep
3,288
Posts

Drives: anything given a chance
Join Date: Jul 2008
Location: .au

iTrader: (0)

Garage List
I've been reviewing insurances again the past couple of days given delivery is imminent.

A couple of things I thought to share; if you've got quite a few factory options you probably want to make sure their listed on your insurance certificate; ensure you have an Agreed value policy and check there's not a cap on coverage for options (one insurer I read the PDS for has a cap of 5% or $2,000, whichever is less!); all insurers I've quoted through didn't have the full list of factory options available.

I'm thinking I'll go with Allianz at present (my decision, don't rely on it, read a bunch of PDS like I did and make up your own mind!) - not the cheapest, had the definitions I liked the best and gave me agreed value (subrogation can be a b!tch) with all my options listed.
Appreciate 0
      08-13-2012, 08:47 PM   #9
Spikey
Captain
Australia
63
Rep
960
Posts

Drives: erratically
Join Date: Sep 2009
Location: around town~

iTrader: (0)

yea i tried to do up some quotes for the Msports... but Msport was not listed as an available line yet (not surprised) so the 'included factory defaults' didn't list any of the M-sport defaults like 19" rims etc....

might have to wait til closer to the day or at least until bmw make the m-sport models more publicly aware i guess...
Appreciate 0
      08-31-2012, 04:52 PM   #10
Drk280
Second Lieutenant
Drk280's Avatar
Australia
22
Rep
291
Posts

Drives: 2012 F30
Join Date: Nov 2009
Location: Australia - NSW - Central Coast

iTrader: (0)

$880 from NRMA with the windscreen cover since my car will have HUD. That's with max no claim and multiple policy and also old man slow driver discount - I use real insurance on my X5 as its $900 compared to the $1800 from NRMA. Haven't contacted others yet
Appreciate 0
      08-31-2012, 05:20 PM   #11
MikeVictor
Brigadier General
Australia
209
Rep
3,288
Posts

Drives: anything given a chance
Join Date: Jul 2008
Location: .au

iTrader: (0)

Garage List
Quote:
Originally Posted by Drk280 View Post
$880 from NRMA with the windscreen cover since my car will have HUD. That's with max no claim and multiple policy and also old man slow driver discount - I use real insurance on my X5 as its $900 compared to the $1800 from NRMA. Haven't contacted others yet
Some of the benefit limits in the NRMA policy were a turn-off for me, it seems to suit more run-of-the-mill, mass-market cars.. Another one of the common policies around also made it very unattractive if you'd ticked a lot of options on your car (I think it was Suncorp/GIO).

For those who (and I suspect most) have financed, again I'd really push you to think about whether you want "market value". In the event of a write-off you could be left with a gap between your finance and your payout. I've seen this bite people when they can't replace "like for like" and they have to settle for an inferior version or have to fund a gap.

For a (admittedly depreciating) $80K+ asset, I reckon reading the insurance is worthwhile for the time it takes.

Still, everyone makes their own choices with these things. Just remember price often translates to benefits.
Appreciate 0
      09-05-2012, 08:45 AM   #12
J1n
Lieutenant Colonel
65
Rep
1,549
Posts

Drives: R8 V8 '14
Join Date: Mar 2012
Location: Melbourne CBD

iTrader: (0)

I've been with AAMI for awhile purely because of convenience and price.

May I ask what prices are premiums u guys are paying?
Appreciate 0
      09-05-2012, 04:06 PM   #13
MikeVictor
Brigadier General
Australia
209
Rep
3,288
Posts

Drives: anything given a chance
Join Date: Jul 2008
Location: .au

iTrader: (0)

Garage List
Quote:
Originally Posted by J1n View Post
I've been with AAMI for awhile purely because of convenience and price.

May I ask what prices are premiums u guys are paying?
Bit of a moot question mate, unless the comparison is coming from your twin who lives in the same suburb and has the same car and driving record.

In short there are too many variables to gauge what you should be paying.
Appreciate 0
      09-06-2012, 06:48 AM   #14
J1n
Lieutenant Colonel
65
Rep
1,549
Posts

Drives: R8 V8 '14
Join Date: Mar 2012
Location: Melbourne CBD

iTrader: (0)

The cheapest I've got quoted was 900 with AAMI, (garaged city apartment)

Last edited by J1n; 09-06-2012 at 08:26 AM..
Appreciate 0
      10-03-2012, 03:42 PM   #15
Spikey
Captain
Australia
63
Rep
960
Posts

Drives: erratically
Join Date: Sep 2009
Location: around town~

iTrader: (0)

Hey guys,

Just a general question to all who have their M-Sports arriving soon (damn you lucky bastards... mines still in SA )

With the insurance for our M-sports F30s, I've noticed on AAMI, NRMA, Alliance, RACQ & pretty much all the other companies, that they have the main 3 lines listed but not the M-sport listed... have you guys had to call up to get a quote/insured?

I ask because each of the lines and indeed our M-sport, all come with differing "factory inclusions". So rather than select the base model and add all the optional stuff on the quote, how have you guys managed to get quoted/insured for your M-sport?

thanks in advance
Appreciate 0
      10-03-2012, 09:26 PM   #16
David328M-Sport
Brigadier General
Australia
100
Rep
3,566
Posts

Drives: F30 M-Sport 328i Estoril Blue
Join Date: Jun 2005
Location: Melbourne Australia

iTrader: (0)

Quote:
Originally Posted by Spikey View Post
With the insurance for our M-sports F30s, I've noticed on AAMI, NRMA, Alliance, RACQ & pretty much all the other companies, that they have the main 3 lines listed but not the M-sport listed... have you guys had to call up to get a quote/insured?

I ask because each of the lines and indeed our M-sport, all come with differing "factory inclusions". So rather than select the base model and add all the optional stuff on the quote, how have you guys managed to get quoted/insured for your M-sport?

thanks in advance
I have tried the website quotes from a number of insurance companies this week. None had the M-Sport pricing yet. The car has just come into the country, so the pricing should be available within days, I would hope.
__________________
328i M-Sport, Estoril Blue, Carbon XP 35 Tint, front heated seats, black Dakota, Sports Suspension, Anthracite Headliner, HUD, Pro Nav, Sunroof, hk 600w, Bi-Xenon, 19" 403M wheels, Reversing Camera, DAB+, Xenon, BT Ext Connect, MST turbo intake pipe, MST Cold Air Intake, JB4 on Map 2 with Catless DP produces awesome performance in Sport.
Appreciate 0
      10-03-2012, 10:42 PM   #17
J1n
Lieutenant Colonel
65
Rep
1,549
Posts

Drives: R8 V8 '14
Join Date: Mar 2012
Location: Melbourne CBD

iTrader: (0)

I spoke to the guys at AAMI as I'm currently with them I am told to call back a day before I pick up the car and if the car is not in the system, apparently they get a manager to create a new entry. It also means that it needs to be registered to vicroads for them to pick up my car details as well.

I will give u guys an update when I call them Friday night.
Appreciate 0
      10-04-2012, 04:45 AM   #18
J1n
Lieutenant Colonel
65
Rep
1,549
Posts

Drives: R8 V8 '14
Join Date: Mar 2012
Location: Melbourne CBD

iTrader: (0)

Called them today.. OMG it was so difficult as they didn't have it in their system, and they weren't sure how to categorize it.

Please let your insurer know it is a package on top of the base model, it is not listed as a "LINE" . The lady over the phone was nice enough to open the brocher and corrected me there. She had to enter all the options categorized in the M Sports "package". Hopefully I've done the hard yards for anyone going with AAMI.
Appreciate 0
      10-04-2012, 06:29 AM   #19
David328M-Sport
Brigadier General
Australia
100
Rep
3,566
Posts

Drives: F30 M-Sport 328i Estoril Blue
Join Date: Jun 2005
Location: Melbourne Australia

iTrader: (0)

Quote:
Originally Posted by J1n View Post
Called them today.. OMG it was so difficult as they didn't have it in their system, and they weren't sure how to categorize it.
That's very poor from BMW Australia's part. They need to inform the insurance companies about the M-Sport package. Hopefully next week.
__________________
328i M-Sport, Estoril Blue, Carbon XP 35 Tint, front heated seats, black Dakota, Sports Suspension, Anthracite Headliner, HUD, Pro Nav, Sunroof, hk 600w, Bi-Xenon, 19" 403M wheels, Reversing Camera, DAB+, Xenon, BT Ext Connect, MST turbo intake pipe, MST Cold Air Intake, JB4 on Map 2 with Catless DP produces awesome performance in Sport.
Appreciate 0
      10-04-2012, 07:26 AM   #20
fd80
Private
0
Rep
89
Posts

Drives: 328i
Join Date: Aug 2012
Location: Melbourne

iTrader: (0)

Quote:
Originally Posted by David325Australia
Quote:
Originally Posted by J1n View Post
Called them today.. OMG it was so difficult as they didn't have it in their system, and they weren't sure how to categorize it.
That's very poor from BMW Australia's part. They need to inform the insurance companies about the M-Sport package. Hopefully next week.
I'm sure BMW Australia will help you out.... by selling you their BMW insurance... I'm sure it's cheap
Appreciate 0
      10-04-2012, 07:43 AM   #21
J1n
Lieutenant Colonel
65
Rep
1,549
Posts

Drives: R8 V8 '14
Join Date: Mar 2012
Location: Melbourne CBD

iTrader: (0)

Yes 2k cheap >_<
Appreciate 0
      10-04-2012, 03:42 PM   #22
MikeVictor
Brigadier General
Australia
209
Rep
3,288
Posts

Drives: anything given a chance
Join Date: Jul 2008
Location: .au

iTrader: (0)

Garage List
Quote:
Originally Posted by ij05 View Post
I'm sure BMW Australia will help you out.... by selling you their BMW insurance... I'm sure it's cheap
You know it's a white-label Allianz product, yes?
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 05:50 AM.




f30post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST