Car Insurance in NSW vs WA (Comprehensive)

LOzbogans on 09/03/2020 - 14:05

Want to get your opinions on car insurance.

I had a 2019 Kia Cerato base model, insured with AAMI when it was first bought in July 2019 at agreed value of $23k - which is the value set by AAMI (minimum, for replacement value in the first 2 years if anything happens). I had two additional drivers on the policy. Back then I paid $595 with extras including windscreen and hire car.

Now 10 months later, I have moved to NSW so I was trying to update my address with AAMI. Then they said my premium for the remaining 3-4 months will be increased by $165. I asked what my premium would be for the full year on renewal, then they said it would be around $1,050.

I understand the insurance could be more expensive in NSW, but how can they justify going from $595 to $1,050? Note my car will still be parked in a garage. AAMI staff said driving in NSW is more dangerous due to the increased number of cars, but is it twice as dangerous as driving in WA?

Could you guys please recommend a decent insurer and share your opinions on this steep increase!

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Comments

  • spackbace on 09/03/2020 - 14:08
    +2

    Search online for insurance quotes? Easy enough to do…

  • Ozbogans on 09/03/2020 - 14:10

    As I am new to NSW, I am not familiar with local insurers such as NRMA so would welcome any opinions. thanks

  • DashCam AKA Rolts on 09/03/2020 - 14:22
    +1
    According to a Meerkat or two, you should try
    https://www.comparethemarket.com.au/car-insurance/australia/new-south-wales/
    Or for non-meerkat preference:
    https://www.iselect.com.au/car/
  • Ozbogans on 09/03/2020 - 14:33
    +1

    don't want to get lots of marketing calls from these brokers =( it's stressful have to "chat" with them

    • zrmx on 10/03/2020 - 01:15

      I often just use 0400000000 for the contact number field and so far it works, and no annoying follow-up calls.

      Bingle, GIO and AAMI (and maybe more?) are all part of AAI i.e. Suncorp. Bingle is giving me the cheapest quote for getting a new toyota corolla, but only comes in Market Value option. Then AAMI is cheapest for Agreed Value option (GIO was more expensive for both).

      NRMA can be a good option in terms of covering cars of high costs/high performance, or if you've had a few claims before (it was the cheapest option for me when getting cover for a Golf R).

      QBE, youi can be quite cheap if you have good driving history, and no claiming history (they gave me insanely high quotes, like >50% more than NRMA after I had made claims with other insurers). Same for the third-party reselling names, e.g. Coles, Woolworths, AusPost, ING etc.

      CTP is a breeze to compare between insurers thanks to the now available NSW government comparison tool. However, for comprehensive car insurance, one is still rewarded when you shop around for quotes (quite do-able online).

  • Ryanek on 09/03/2020 - 14:38
    +1

    Bingle has been great. I made a claim and did everything online, no human interaction required.

  • Ughhh on 09/03/2020 - 15:51
    +2

    Even the street you live in can make a difference.

    • Ocker on 09/03/2020 - 15:58
      +1

      And the house number of the street

      • kerfuffle on 09/03/2020 - 16:34

        Can confirm this theory. Neighbour to my left has cheaper insurance and I think that’s because they live on the corner, so everyone does their three point turns on my driveway rather than theirs

  • nubzy on 09/03/2020 - 17:27

    Insurance costs have shot up a lot over the past few years in Sydney. Average would be between $700-$900 per year but it can be much higher.

  • lovetodiscuss on 11/03/2020 - 11:54

    I think they take into consideration a series of factors mainly related to model of the car, year of manufacture, location and most importantly claims made by the model/year. If in NSW/Sydney there were a lot of accidents caused by this model/made, it will be more expensive in premium. For example, if in WA, older people like to drive cerato, but in Syd, younger drivers, you might get a spike in premium.

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