Help...insurance for Ferrari's

[Janne328]

Originally Posted by wrxmike

1: I would imagine the agreed value on your GTB is quite high - hence the premium.
2: Club plates do reduce the premium
3: The garage location ( postcode) has a remarkeable influence on the premium.

M

Yes...so Armadale in WA would get a differing premium to Armadale in Victoria!

[wrxmike]

Originally Posted by Janne328

Yes...so Armadale in WA would get a differing premium to Armadale in Victoria!

Probably. Especially if they spell it Armidale
Adjacent postcode can give different premiums

M

[Aircon]

Originally Posted by Janne328

But I only have 1 Ferrari...not 60 you dope!

hehehehe

[Aircon]

Brettski, my car is insured for less than yours, and as mike said, historic rego helps.

[greg246]

Originally Posted by Aircon

Brettski, my car is insured for less than yours, and as mike said, historic rego helps.

$50k?

I'm with Shannons as well, no issues getting insurance. The premium is also affected by how many km you indicate you will do

[moretti]

Originally Posted by greg246

$50k?

I'm with Shannons as well, no issues getting insurance. The premium is also affected by how many km you indicate you will do

Shannons as well, had no issues when the GT4 died, paid up inside 2 weeks, current QV insured for agreed value for under $1000

[Ferrarinw2]

I've had Shannons for over 25 years never had an issue,including a claim for a racecar for over 20k.

[XTREMEIND]

I repair cars for both Shannons and Dawes, both are very good to deal with but I am starting to fall over the Dawes side of the fence. Shannons are underwritten by Suncorp (AAMI) and I am seeing some AAMI practices now being taken on by Shannons, they are starting to sublet their assessing out to commercial companies and quite often I get assessors out here that have no clue what they are talking about because they have been assessing Holdens and Falcons all their lives and have no idea of the time and care that has to be taken with older cars, all the arguing ect that I have to do with them can hold the repair time up whilst I get the vehicle re assessed by somebody higher up the ladder. Dawes are now underwritten by Wesfarmers and so are LSV, they too use contractors to assess the work but generally they have specialist people for specialist cars and to date they have just left me to determine how the car SHOULD be repaired and not how they want it repaired. All my insurance here is through Lumley as they were nearly half the price of Shannons, my personal XR8 Falcon was quoted at $990 by Shannons and $510 by Lumley, you would think Shannons would at least try and compete.

[PAP 348]

Originally Posted by Aircon

I rang shannons....they gave me a quote....I accepted. No issues...no problems...couldn't have been easier.

+1

$1299 with an agreed value/very limited usage policy for my 348 every year.

[greg246]

Originally Posted by PAP 348

+1

$1299 with an agreed value/very limited usage policy for my 348 every year.

seems expensive for a value of $50k

[simon klein]

Originally Posted by PAP 348

+1

$1299 with an agreed value/very limited usage policy for my 348 every year.

Yep,shannons,2 Ferraris',1 6 cyl VW,1 Alfa,5 other classics +1 daily driver landcruiser:$2000.

[Ferrarinw2]

Must be the name Ferrari and the claims,my insurance with Shannons on the Jag and the MG is $1,070 a year and thats for 600k in total insurance.

[greg246]

Originally Posted by BlackJag

Must be the name Ferrari and the claims,my insurance with Shannons on the Jag and the MG is $1,070 a year and thats for 600k in total insurance.

600k, seriously go **** yourself, lol

[Ferrarinw2]

Originally Posted by greg246

600k, seriously go **** yourself, lol

are you another doctor ,who is dopped up on illegal drugs?
Think about it,I'm over 50,own the cars,secure area,on club plates,quality area were stored,no claims in personel name in over 25 years and limited useage.

[Ferrarinw2]

Originally Posted by greg246

600k, seriously go **** yourself, lol

its know as rate for risk.

[greg246]

Originally Posted by BlackJag

are you another doctor ,who is dopped up on illegal drugs?
Think about it,I'm over 50,own the cars,secure area,on club plates,quality area were stored,no claims in personel name in over 25 years and limited useage.

Yes. Premium is fine, agreed value of $600k is a joke. I'm going ring Shannons and tell them you are scamming them. It's guys like you that raise the premiums for the rest of us. While I'm at it I'll call the ATO as well. Pensioner with $600k cars :shakeshead:

[Horse]

Originally Posted by BlackJag

Must be the name Ferrari and the claims,my insurance with Shannons on the Jag and the MG is $1,070 a year and thats for 600k in total insurance.

Originally Posted by greg246

600k, seriously go **** yourself, lol

typing error, 60K.

[Ferrarinw2]

Originally Posted by greg246

Yes. Premium is fine, agreed value of $600k is a joke. I'm going ring Shannons and tell them you are scamming them. It's guys like you that raise the premiums for the rest of us. While I'm at it I'll call the ATO as well. Pensioner with $600k cars :shakeshead:

its called repacement value.
For that matter the Boxer was cheap to insure as well,the Bentley's annual premium was pocket money,and those cars are expensive to repair being coachbuilt,were do you find a panel for one or a radiator,you don't.

[greg246]

Originally Posted by Horse

typing error, 60K.

Ah, OK, apologies to the pensioner

[FAZZ308QV]

Shannons have been very good to me-my 308 has an agreed value of $65 000 and the premium is just over $800 on club plates.
I had my Stag, Alfa Sud Sprint, first gen CR-X, '69 Stingray and 911 3.2 all insured by them and EVERY time, they were the cheapest.
I concur that Janne has been hard done by Shannons. I do agree with WRXMIKE that post code has a large bearing on premiums but given I live next to the MCG and have those stark raving Collingwood fans to deal with every other week, my premiums should be through the roof.
You should see what they do to my bins if I forget to take them in before a match.