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Thread: Mk6 GTI insurance

  1. #1
    Join Date
    Sep 2009
    Perth, NOR

    Mk6 GTI insurance

    Had a bit of a look about but cannot find anything posted within the past ~12 months on the insurance topic. Interested to see who others are insured with (premium, value etc)

    Renewal just came (RAC here in Western Australia) and have been left pretty disappointed with the agreed value.

    MY11, MK6 GTI (5-door DSG)
    $78/month (I get a small discount for being a RAC member and driving less than 5000km/year)
    $500 excess
    Agreed value: $15,440 (this is the maximum).

    FYI: There is no market value option (though I don't think this would help given Redbook value is $11k-14k).

    Most online insurers appear to return similar figure via their online quotes.

    Interestingly if I was to search around the market similar examples (MY11-MY12 under 80k kms), I'm looking at values between $18-26k.

  2. #2
    Join Date
    Aug 2010
    Adelaide, SA
    Users Country Flag

    The problem right now is Redbook has lost any resemblance of usefulness in guiding values and they may as well shut the whole thing down - even the carsales trolls are low balling well above those values.

    The flipside is carsales values right now are inflated by at least 10% due to events this year, and the fact that everyone just prices off the market.. effectively it's a self fulfilling bubble.

    Unfortunately neither will help your problem. The truth lies somewhere between the two extremes and you might be stuck hoping you can argue market value exceeds agreed, or see if someone like Shannons will take into account a higher value if car is clean and/or any mods.

    --- FS: 2016 Golf GTI 40 years, white, DSG, 18,xxxkm -------------------------------------------------------------------
    2019 Audi SQ5 | 2016 Golf GTI CS + OZ UL HLTs | Retired: 2018 Audi RS3 sportback + OZ Leggera HLTs
    2017 Golf R Wolfsburg Sportwagen | 2016 BMW 340i + M-Performance tune/exhaust | 2015 Audi S3 sedan
    2014 Golf GTI + OZ Leggera HLTs | 2012 Polo 77TSI (hers) | 2010 Golf GTI Stage 2 + OZ ST LMs

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