PSA: Don't Forget to Spend a Few Minutes to Quote/Compare Prices for CTP/Insurances

ATangk on 27/06/2023 - 14:44

It makes sense, but with the current economic situation that we are all in, don't forget to to requote your insurances/CTP.

For NSW, it will be https://www.greenslips.nsw.gov.au/. Typically, prices will be within a few dollars, but today as I was about to blindingly renew my CTP, I found that Allianz was $100 cheaper than all the other major offerings.

This goes for everything else, but taking advantage of first policy discounts, I was about to save over 50% on my comprehensive insurance too, going from the renewal cost of $676 to just $316/yr.

Financial

Comments

  • Hybroid on 27/06/2023 - 14:46
    +1

    CTP should all be roughly the same. The $100 off is for "good driver" discount that some of the providers offer.

    QBE does this too but you need to be Australian citizen/drivers license, over 30 and no demerits.

    • ATangk on 27/06/2023 - 14:48

      Im not over 30 nor zero demerits. But it still was $100 off.

  • Some Human on 27/06/2023 - 15:05
    +1

    AAMI is always cheaper for me. For a while they were even cheaper than themselves, so I'd just buy a new policy every time.

    • soan papdi on 27/06/2023 - 20:09

      Every time I get a new quote from AAMI for my car and current address, it's always more expensive than my renewal price. If I plug in my neighbour's address, it's significantly cheaper. Makes me think that the quotes service looks up existing customers and cheats to make the renewal look cheap and that cheaper prices are only good for the first year, as they want new customers.

      • kerfuffle on 27/06/2023 - 20:14

        That's the same with me and my next-door neighbour. I think it's because they're on a corner block where people are less likely to use their driveway to do three-point turns (unlike my driveway)

        • soan papdi on 27/06/2023 - 20:23

          Possible but I doubt the algorithm is that advanced. I noticed the same phenomenon when I used to live in a block of units. My neighbouring unit's address gave me a $700 quote but my own address (while being a policy holder) gave me $1100. We had a shared driveway, nothing fancy.

  • randomusername2017 on 27/06/2023 - 17:18

    comprehensive insurance $316/yr.

    What sort of car/area?

    • Nugs on 27/06/2023 - 17:28

      "comprehensive insurance $316/yr.
      What sort of car/area?"

      age, history, no claim bonus, and more factors
      late 2022 policies
      wife - late 40s, 2004 XT Forester auto, full comp $245 (restricted to drivers aged over 40 only though)
      daughter - 20, 2008 XS Forester manual, full comp $735
      .

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