Insurance Rip Off

You think there’s “free” stuff in the world? That figure is many multiples of what I pay with Shannons for both 500 and 308?

 

Better the devil you know than the one you don't know!

Their all the same at least Shannons gives you the right of repairer and the wreck should that occur ..

 

Wow, I didn't claim anything last year and mine went down 2.2%.

 

I have three vehicles with Shannon’s and just got my renewal for them all. My 360 went up 25% and the other two (non exotics) up by 24%. No claims or windscreens ever.

I think it’s just all insurance premiums going up to cover their costs due to all the floods and other natural disasters they’ve had to pay out on. Surprisingly, our house and contents, also with Shannon’s, didn’t go up at all.


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Could it be claimed on a specific make/models as my premium has moved a little on 4 Pommie OHOS.

 

Suncorp are now the underwriters

 

SUNCORP have owned them for years now


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Owners .

 

Whom owns the auction house ?

 

Carl

 

Carl is Suncorp so yes the auction house as well.

 

How long?

 

10 plus years maybe more , Bob S had sold just before his passing from memory .

 

Hmm I thought it was only a couple of years.
I couldn't find out from my brief google.

 

Lessons on googling are held Friday afternoon 666PM

 

Some great and not-so-great stories can be told of the early years of Shannons in Sydney.

 

They paid up on my GT4 no problems at all, and because I ticked the box that meant $10 was added to my premium for the wreck I also got to keep all of the pieces of the car following the crash

 

well before that incident.

 

I dont look at the premium. Sure premiums go up but its the amount insured that is important.

What Ive seen is they keep the premium the same but devalue the car. I dont fall for that.

 

^^^^^ the interesting bits will anyone else give a better deal?

 

Insurers are in it for the money obviously
They have very clever people doing the maths

Heres the tip

Anything that may lower there risk is inconsequential to them
Thats a bonus
Anything oddball they dont want to know, you are a headache to them

Anything that adds risk=charge more
Now it doesnt matter if its your fault or not they will increase always
Older cars typically mean more $$ premium

 

Me ? I go through Metrix Insurance. I have checked with Shannons and they were much dearer by about 30% on a 488 GTB.

However when the insurance was going to be renewed I saw the price of renewal the same. Then looking at it closer I noticed that the sum insured was only 470 k.

To me that was crap given the price increases on Second hand cars. It was agreed to boost it to 550 K and it was just $500 more.

The point is not the premium ( WELL YES THAT MATTERS ) but the write off compensation hid by ****** head

 

Actually Royal & Sun Alliance bought Shannons in 2000 after the founder died that year. A few years later they renamed their Australian business arm to Promina and merged with Suncorp in 2007.

 

How are you Speedy?

Whom is going to be WDC and WCC?


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