Australian (ASX) Stock Market Forum

Insurance Rip-offs - You won't believe this!

Compared to last year, how much was your insurance renewal?

  • Less than last year

    Votes: 1 4.2%
  • About the same

    Votes: 8 33.3%
  • 15% or more

    Votes: 9 37.5%
  • 30% or more

    Votes: 1 4.2%
  • 50% or more

    Votes: 3 12.5%
  • More than 100%, they tried to rip me like Minty!

    Votes: 2 8.3%

  • Total voters
27 February 2008
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would probably be a smart move by some switched on insurance ppl to actually have a read of threads like this .


5 January 2007
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I been with AAMI for years no hassle, most renewal are non issue, a few percent increase here and there
4 September 2008
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I am with the insurance company that sound like aliens for car insurance.

Last year our car premium went up $200, no claim at all during the year. I rang them and asked what was going on and they just said that that was the way it went, all premiums went up over time. I thought that was pretty lame.

So I rang around a few others to get a price and they were all about the same as the original non inflated price I was paying.

I rang aliens back as a new customer, gave them all the details, got the quote and it was cheaper than the original non inflated quote. The noob on the end of the phone then asked who your current provider of insurance is and I replied you are. He asked didn’t you get a renewal in the post, I said yep but the premium was inflated, so I called a few people and got quotes. You won! He said good thing you rang.

He cancelled the old policy wrote a new one and for the sake of a few phone calls saved nearly 300 bucks and stuck it up em.



Krusty the Klown

Embittered Komedy Legend
27 May 2009
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On querying a premium increase, I can't remember which company it was, I was told that total claims paid out in this postcode was the reason for the increase even though I didn't make a claim.

So it seems whether it's natural disaster claims or theft, the more of it in your area, the premium goes up. It seems along the lines of a previous post of adjusting the risk factors

I recently got a quote from the "pay for the km you drive" company for 15,000km per year - the quote was $1,250, where every other insurer was about $465 regardless of travel.

This is the great value they advertise?????
27 August 2007
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Thank you Krusty the Klown, I spent ages putting heaps of requested info into the same pay for how much you drive insurer's website to get a quote. After having spend around 10mins doing this when I pressed to get a quote it said 'sorry we are having technical difficulties'. It seems from your post I wasn't missing much anyway. I have also found Australian Pensioners insurance dearer than other Co's when I got a quote for car insurance. The same with Ansvar who insure non drinkers so you would think the premiums to be lower, from my enquiry not so. As always caveat emptor:2twocents