Youi is terrible. Stay far away from them. Their prices are high, and they don’t include as many benefits as other insurers. Try getting quotes from your state’s automotive club (RACQ, RACV, RAA, etc.), or check out other insurers and compare both coverage and price.
That price is way too high. Try Suncorp or Budget Direct. I was in a similar situation a couple of years ago, and my full comp insurance was around $800 with Suncorp.
Rex said:
That price is way too high. Try Suncorp or Budget Direct. I was in a similar situation a couple of years ago, and my full comp insurance was around $800 with Suncorp.
I wonder when we’ll reach the point where comprehensive insurance gets so expensive that you’re better off just putting the money aside for potential repairs and sticking to third-party cover.
Wayne said:
I wonder when we’ll reach the point where comprehensive insurance gets so expensive that you’re better off just putting the money aside for potential repairs and sticking to third-party cover.
It’s already happening in some places. A friend in London bought a car for £3,000 (~$6,000 AUD), and insurance wanted £2,500 for full comp. Even third-party wasn’t cheap—they wanted £800 for that!
@Micah
Car theft is crazy in London. A mate of mine had thieves break into his house just to steal his car keys. Loads of cars over there have steering wheel locks, which you barely see here. Land Rovers are nearly uninsurable because they get stolen so much.
How many quotes have you gotten? $2.9k seems high, but if no other insurers are offering anything better, that might just be your rate.
Get as many quotes as you can. CompareTheMarket can save some time, but it won’t cover everything. There’s no single ‘cheapest’ insurer—it just depends on your specific circumstances.
@DukeJames4
I’ve gotten about 10 quotes so far and still looking. Every single one has been ridiculously expensive compared to what everyone I know is paying. The cheapest I’ve found was $2,000 from Suncorp, but even that seems overpriced based on the comments here.
@Austin
It’s probably just the P-plater tax. I didn’t bother with full comp until I was in my mid-20s. You might need to consider going third-party for now.
Nadine said:
$2.9k is insane. I had a 2014 VF Commodore when I was on my green P’s, and my comprehensive insurance was only $1,500. Definitely shop around more.
That was seven years ago though, and costs have gone up since then. Still, OP’s quote is probably one of those ‘we don’t want your business’ numbers.
That’s way overpriced. Try AAMI, NRMA, or Suncorp. They have policies that allow any driver, but young drivers pay a higher excess if they crash. My nephew has been insured this way and it’s way cheaper than $2.9k.
Vincent said:
Can you insure it under your dad’s name and list yourself as an additional driver? That might cut the cost in half.
That wouldn’t work. Since OP is the main driver, the insurance company would still base the price on him. If they find out he’s the primary driver but not listed as such, they could void the policy entirely.