132tsi Insurance Agreed Value

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11-07-2018, 05:12 PM
FlyTSI

132tsi Insurance Agreed Value

Hi all,

We are currently getting comprehensive insurance quotes for 132tsi with all options and have found the maximum agreed value offered by insurance companies is more than 10% less than the RRP (even with options selected on quote). I was just wondering if anyone else has noticed this and/or if I am missing something e.g. it does't include GST. I enquired with one of the insurance companies but they couldn't provide an answer.

Appreciate if anyone can provide more information or experiences.

Thanks Fly
11-07-2018, 05:16 PM
ian

I had a new for old policy with GIO but when i moved to QLD , Suncorp refused to carry on with the policy and it lapsed to a normal agreed value policy,
11-07-2018, 05:27 PM
Errol1098

A new car has a lot of government charges in the cost like Stamp Duty, GST. I'm with NRMA new for old policy to cover that aspect.
11-07-2018, 05:46 PM
Grugly

Quote:

Originally Posted by Errol1098

A new car has a lot of government charges in the cost like Stamp Duty, GST. I'm with NRMA new for old policy to cover that aspect.

Yep, I went with new for old so agreed value was not required.

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11-07-2018, 05:54 PM
FlyTSI

Quote:

Originally Posted by Errol1098

A new car has a lot of government charges in the cost like Stamp Duty, GST. I'm with NRMA new for old policy to cover that aspect.

Thanks. I notice a lot of companies offer new for old but was unsure how this fits in with market value/agreed value. I assume it reverts to your selected option after the new for old period has expired.