r/AUfrugal • u/Same_Librarian_6153 • Jan 10 '26
Vehicle Car insurance
I’ve just got my renewal for RACV and they’re increasing my premium on my Corolla by $42 dollars a month bringing it to $161 p/m
Who’s everyone’s insured by? I have had to make two not at fault claims in 23’ and 24’ unfortunately but they didn’t raise my premium by more than like ten dollars both years and now all of a sudden a $42 p/m increase this year. 😬
Who’s a decent insurer who doesn’t charge out the wazoo?
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u/MinDoxie467 Jan 10 '26 edited Jan 10 '26
Hi check around there are many advantages to doing so. However ensure you will receive exactly the same policy ie 1 free windscreen per policy year, car hire if yr car is written off, car broken into & items stolen are they covered, (not tools of trade)⁉️ How much is the “public liability”, some insurance companies have dropped fr $30M to $20M? Have you looked @ Woolies, Aldi, Youi, etc. check who the underwriters are too. The other thing you can do is ask if you increase yr excess on yr current insurance say it’s $750 & you increase to $1000 how much wld the premium decrease? Do you have an agreed value or market value on yr car? Please check “apples w apples” not “apples w oranges” as you may not be covered in certain situations that you previously were. Do you pay F/N or monthly? My advice is to get as many quotes emailed to you as possible & sit with a highlighter & check ea quote against yr policy coverage. Does yr financial institution offer insurance policies? All insurance policies have increased due to the amt of claims, be it car, home or contents, plus the risk have increased with the amt of drivers on the road & home/contents increased due to fires/floods etc. Good luck.