Insurance Time

Post by **MadKaw** » Wed Mar 15, 2006 1:01 pm

Duane wrote:
Kishy wrote:
Duane wrote: Yeah, he has a personal kwaka site, has close to 1000 people that registered on it....
Wasent talking about this one ya tithead
I resemble that remark. Dave, I'm deeply hurt and offended by being referred to as a tit head, sure, he probably DOESNT know about my defect at birth which ended up with me growing a breast on the left side of my head, HOWEVER, I do not like being referred to like that.

I demand action.

Sorry about this Duane, I'll edit the offending post and change the offensive wording to "conehead"....

Kishy · Post by **Kishy** » Wed Mar 15, 2006 1:47 pm

LOL

Duane & Dave

Mate U think thats bad.. Imagine what I copped when I was locked up
for 10yrs with all red necked crims

You've had a dream run in comparison.

BTW Tithead is acutally my term of endearment. Ask some of the girls
here. They'll tell U the same

Neka79 · Post by **Neka79** » Wed Mar 15, 2006 7:40 pm

TMO82 wrote:Cheapest for me in QLD for my ten were suncorp.$60 per week ($3000 per year) but im only 23 and have only had full comp insurance for two years.No accidents yet though.

good luck with that...its why i sold my zx6r all these yrs ago....
21, paying $4200 or sumthin on insurance...

let us kno how the comparo goes glen (was it glen who was doin it??)

ozx6r · Post by **ozx6r** » Wed Mar 15, 2006 9:52 pm

are there n e brokers here that would like to do some shopping round?

i turn 25 soon and was thinkeren that this will reduces me premiums quite a bit!

going to try and combine or change companys to save hopefully a shyt load

2 cars
bike - zx6r 97
house & content
income protection

so if its worth n e 1 doing it to make some $$$ pm me, if not will call a local broker

Neka79 · Post by **Neka79** » Wed Mar 15, 2006 10:18 pm

ozx6r wrote:are there n e brokers here that would like to do some shopping round?

i turn 25 soon and was thinkeren that this will reduces me premiums quite a bit!

going to try and combine or change companys to save hopefully a shyt load

2 cars
bike - zx6r 97
house & content
income protection

so if its worth n e 1 doing it to make some $$$ pm me, if not will call a local broker

shit mate its not that hard...for $2k ill rip u off as well as they would!!

Kishy · Post by **Kishy** » Wed Mar 15, 2006 11:33 pm

ozx6r wrote:are there n e brokers here that would like to do some shopping round?

i turn 25 soon and was thinkeren that this will reduces me premiums quite a bit!

going to try and combine or change companys to save hopefully a shyt load

2 cars
bike - zx6r 97
house & content
income protection

so if its worth n e 1 doing it to make some $$$ pm me, if not will call a local broker

Check to see if & what you are charged in brokerage fees. May be
cheaper for you to deal direct with insurer yourself.

Also brokers (not all) get a kickback/commission from the insurer (not
all) so using a broker is no guarantee you're getting the best deal.

Thats the advantage of doing the research yourself. Dosent take long at
all. Most insurers have online quotes you can complete & have an online
PDS for you to review the coverage included.

Dont know about income protection quotes on-line tho. Havent come
across an insurers site that has that provision provided.

Glen · Post by **Glen** » Thu Mar 16, 2006 9:12 am

Neka79 wrote:
TMO82 wrote:Cheapest for me in QLD for my ten were suncorp.$60 per week ($3000 per year) but im only 23 and have only had full comp insurance for two years.No accidents yet though.
good luck with that...its why i sold my zx6r all these yrs ago....
21, paying $4200 or sumthin on insurance...

let us kno how the comparo goes glen (was it glen who was doin it??)

No sweat Neka. Ill post the comparo when it's all done and dusted.

Shifty · Post by **Shifty** » Fri Mar 17, 2006 10:20 pm

Check to see if & what you are charged in brokerage fees. May be
cheaper for you to deal direct with insurer yourself.

Also brokers (not all) get a kickback/commission from the insurer (not
all) so using a broker is no guarantee you're getting the best deal.

Thats the advantage of doing the research yourself. Dosent take long at
all. Most insurers have online quotes you can complete & have an online
PDS for you to review the coverage included.

Dont know about income protection quotes on-line tho. Havent come
across an insurers site that has that provision provided.

That's correct, but misleading at the same time. Depending on who you are dealing with, most brokers/agents will get a commission and will also charge a fee for their time. The fee is normally pretty negotiable but some brokers would rather lose the business than write it without an arrangement fee, and the commission will have been negotiated wih the insurer in advance. Brokers and agents are required to provide you with a statement of any affiliations, commissions, fees or charges being paid.

Just like everything to do with insurance, people don't read what they're given and therefore make their decision based on part facts... then bitch and moan when they find something out later.

As far as a broker/agent being more expensive, that is not necessarily the case and often it is quite the opposite. The commission paid to a broker/agent is what they are paid to do the servicing of the policy. Eg. the insurer might charge $1000 to insure you plus cover all the day-to-day maintenance like paperwork, policy changes, claims, renewals, etc.

Instead, you might go through a broker who takes a $300 commission to cover policy maintenance, and then forward the insurer their $700 for the actual insurance itself. Add to that the fact that brokers can often offer insurance you can't get directly (eg. some companies don't sell business insurance directly but you can get it from them through a broker), and in some cases have discretionary discounts available, then you can often get a better deal through a broker.

I know, because I have both worked for an insurer AND an intermediary.

Kishy · Post by **Kishy** » Fri Mar 17, 2006 11:11 pm

Shifty wrote:Add to that the fact that brokers can often offer insurance you can't get directly (eg. some companies don't sell business insurance directly but you can get it from them through a broker), and in some cases have discretionary discounts available, then you can often get a better deal through a broker.

I know, because I have both worked for an insurer AND an intermediary.

That wouldnt be the case with all the main insurers everyone knows about
because they all deal directly with the public.. well not here in Melb anyways.

Obviously thats not the case in your state.

Shifty · Post by **Shifty** » Sun Mar 19, 2006 7:46 am

I'm sorry but you're mistaken, I worked for an Australia-wide insurer for 4 years and they only offered car, home & CTP insurance directly... all other products were available only through brokers.

Ads · Post by **Ads** » Mon Mar 20, 2006 2:44 pm

If your a member of MRA WQBE will give you 5% discount, and 14 months for the price of 12.

Dark_Angel · Post by **Dark_Angel** » Mon Mar 20, 2006 3:54 pm

try these -

Arista – IC Frith ph. 1300 274 782 (good cover)

NRMA - ph 132 132 (only try for a price comparision, cove ris crap)

GIO - ph 131 010 (very pricey.. as they dont specialise in bikes)

Swann – only do quotes via bike deals (regardless of if u bought ur bike from them or not)

Shannons – ph. 13 46 46 (must have full licence for 4 years)
https://secure.shannons.com.au/webapp/s ... o=02&cp=01

Western QBE – ph 1300 762 885/ 133 723 opt. 2 (good cover)

Piranha Insurance – ph 1800 650 077 (broker)

i work for an insurance broker.. and depending on their company proceedures they can actually charge u a fair bit in broker fees.. its all crap i know.

ur best bet is to deal direct with an insurance company that specialise with motor bike insurance. as their rates and coverage is by far better than say.. nrma or now gio...

in my travels arista and western qbe have been my better options...

Kishy · Post by **Kishy** » Mon Mar 20, 2006 5:44 pm

Dark_Angel wrote:
i work for an insurance broker.. and depending on their company proceedures they can actually charge u a fair bit in broker fees.. its all crap i know.

ur best bet is to deal direct with an insurance company that specialise with motor bike insurance.

Thanx for confirming that mate

Dark_Angel · Post by **Dark_Angel** » Tue Mar 21, 2006 3:27 pm

no probs.. i mean have to admit most fees are dependant on the person quoting.. have to say sometimes if a client has been hell difficult or a mad bitch.. hell yeah i'll bump up the fee... but in saying that most of the brokers u'll deal with that specialise in bikes - will have a standard fee to charge - whether it be a certain % of your premium or based on a table. eg.
premium $500 = $50 fee plus gst
premium $800 = $80 fee plus gst etc...
(all comes down to their company guidelines and all that other boring shite)