You're Only Moments Away From Cheap Car Insurance!!!
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Finally, you've found the best place for cheap car insurance - where you can read user reviews of car insurance companies
including:
- AAMI
- RACV
- Budget Direct
- CGU
- GIO
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- NRMA
- Allianz
- Shannons
- Suncorp
- And many more
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You also have access to car insurance quotes, tips & articles, video clips, and heaps of useful information about car insurance. We suggest you start by checking out the 2 most popular sections below.
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Car Insurance Quotes
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Car Insurance Reviews
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"Extra Extra: Who Else Wants Cheap Car Insurance?"
Do you remember when overseas phone calls were over $1 a minute
and people looked for bargain domestic airfares by visiting
different travel agencies? Fortunately, internet technology
has allowed companies to decreases costs and pass on the savings
to the consumer. It’s now common to call overseas for only a few cents
a minute and if you subscribe to receive Tiger Air email, you can get
promotional air tickets for only a few cents (+ taxes).
Yet despite this, many Australians are still paying too much for their car insurance simply because they have not embraced buying car insurance online. Cheap car insurance aims to inform and educate Australians about obtaining cheap car insurance over the internet.
The good news is that spending a couple of minutes on Cheap Car Insurance.com.au
can save you hundreds of dollars, even though you might be
insuring with the same company. That’s right, you might be able
to get cheap car insurance with your existing company simply by buying it online.
10 Great Reasons To Obtain Car Insurance Online
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Ability to review many companies offering car insurance from the comfort of your home
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Ability to obtain Instant car insurance quotes
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Access to user reviews and recommendations to help you find the best cheap car insurance policy
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Ability to post your own review or comment on existing car insurance reviews
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Online insurance policies are typically less expensive (as there are less processing costs involved)
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Ability to fill out the application form “at your own pace” rather than being rushed on the phone
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To obtain car insurance online, there are no forms to sign – all you need is a credit card
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You can obtain car insurance at a time when it suits you, even after hours and on public holidays
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Online applications statistically take less time to complete than over the phone applications
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As you’re filling out the online application form yourself, the information should be more correct
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Our Predictions Were Right!
Find Out Why You WILL SAVE On Your Car Insurance This Year
Apr 19, 2008
Just as Cheap Car Insurance predicted earlier this year, the Australian car insurance market is becoming more competitive due to new players entering the market. Recently ING (traditionally known for their high rate savings rate accounts and use of comedian Billy Connelly) has ventured into car insurance. Apart from car insurance, they also offer home insurance, landlords insurance, travel insurance and other insurance related products.
The entry of ING into the car insurance industry is consistent with the general trends and Cheap Car Insurance observations. Traditional financial companies (such as banks, superannuation and credit societies) have, over time, developed competencies in dealing with risk. Furthermore, they already have a substantial customer base which they can now cross sell their new insurance offerings to.
For example John, a recent Uni graduate, who is applying for a personal loan at the Commonwealth bank to buy a car, might be offered CBA comprehensive car insurance at a reduced rate. This offer provides John with a one-stop-shop solution and also gives him a lower rate on his car insurance.
What does the CBA get out of the deal? A lot as it turns out … as it’s much easier to sell products to existing customers then it is to find new ones. For example, CBA might have spent a fortune on TV advertisements, letter drops, and sponsorship deals just to get John into a Brach for a personal loan. However, once John is there, he can be persuaded to take up CBA car insurance without any further costs. Furthermore, having multiple products with CBA also increases the chance John coming to CBA in the future. When he needs a home loan, John will probably visit his CBA branch first as he already has a personal loan and car insurance with them.
At this point, you may be thinking “that’s nice… but how does that impact my chances of obtaining cheap car insurance?” Well, as banks and general insurance companies start to cross sell to their existing customers, there is pressure on the rest of the industry to lower premiums and remain competitive.
For example, companies such as Budget Direct may introduce special promotions or other incentives to compete with cross-selling by established players. Once a single company offers these incentives, the other insurance companies are bound to follow – benefiting everyone who is looking for car insurance.
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Car Insurance Premiums and States
Finding the Cheapest Car Insurance
Feb 11, 2008
The cost of car insurance
premiums not only varies by state, but also by the location of
consumers within each state. The major reason for the variance, is the
risk perceived by the insurance companies. This article will explore the findings of a recent survey into car insurance
policy costs that was conducted by CANNEX which is a respected
independent specialist research company widely used by governments,
financial institutions, and the media. During their investigation,
CANNEX not only found discrepancies between the costs of like policies
between states, but also found that some particular consumers within
states were paying even more for their policies than the adjusted state
prices would suggest.
New South Wales has the highest policy prices of any Australian
state due to higher population density. Dense population increases the
chances of not only accidents occurring to the vehicle, but also the
likelihood of the vehicle being stolen. The study found that residents
of New South Wales pay on the average 68% more than the national
average for car insurance
policies. They also found that men under the age of 25 were paying up
to $1,879 more for their coverage. The cheapest quote obtained by
CANNEX for this age group was $899, while the most expensive quote they
obtained was $2,777. The average quote for males under 25 was $1,775.
Victorian motorists also pay above the national average for car insurance
due to the large population of the state and the associated risks
involved. Victorian motorists, on average, pay 8% more than the
national average for car insurance.
Young men and women under 25 can both save over 55% on their premiums
by comparing offers, while families (parents with young drivers) in
Victoria can be asked to pay up to 60% more for comparable policies
from different insurance companies.
Queensland motorists pay on average 12% less than the national average,
although the figures show that all motorists in Queensland have the
potential to save an average of 49% on their premiums by comparing
quotes, with the average saving to the consumer being $560. Young men
are again being asked to pay the biggest discrepancy in prices, with
possible savings available of $850.
South Australians pay 18% less than the national average for their car insurance
policies, but the study showed that all drivers could still achieve
savings of more than 36% if they are prepared to compare the prices
being offered. The group who stand to make the largest savings in South
Australia are the car connoisseurs who can make a potential saving in dollar terms of $604.
Western Australians also pay 18% less than the national average,
with an average potential saving of $456 overall. Young drivers could
potentially save over $700, while mature drivers in WA have the
smallest potential of savings of any of age group in the country at
$276.
Tasmanian drivers pay 33% less for their insurance
premiums than the national average. However Tasmanians should shop
around as potential savings of nearly 50% can be achieved by many
sectors of the market. Young Tasmanian drivers are asked to pay more
for their insurance than many young drivers throughout the rest of the country.
These findings are not surprising as most Australians have always known
that people living in metropolitan areas tend to pay more for car insurance
especially in such density populated cities such as Sydney and
Melbourne. However, the report does provide concrete statistics which
could be reviewed when choosing your car insurance policy.
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Cheapest Car Insurance - Does it Really Exist?
Dec 7, 2007
The short answer to this question is YES! The long answer
is that you will have to be prepared to do your homework and spend some
time researching various companies and policies to ensure you really are getting a bargain and getting the policy you want at a reasonable price.
The car insurance market in this country is getting more competitive all the time and this competition is translating into price reductions on insurance all over Australia. Traditionally, however, Australians have been very loyal customers to their chosen insurance
companies and have not always taken advantage of offers made by other
companies. Be honest. Haven’t you been guilty of just signing the
renewal and sending off the check to your existing insurance
company without shopping around to find out if you can get a better
deal? I am not ashamed to admit I have been guilty of this for years.
A recent study by CANNEX, a well respected independent research
company, has shown that savings to the average consumer of 40% or more
are possible all over the country. CANNEX surveyed hundreds of
different products provided by numerous different insurance
companies in every state of Australia (they did not survey the Northern
Territory and assumed the ACT would reflect NSW figures.) The variances
between the top quotes they received and the cheapest quotes for
drivers of a particular age were huge. In some cases, the dollar
differences between the quotes for the same products for the same
drivers were nearly $1000. The CANNEX survey included all drivers from
under 25 years, old men and women, through to senior drivers and even car
connoisseurs (those people with expensive luxury vehicles.) They found
that every group of consumers in every state could make savings on
comparable products by shopping around.
A warning for people who are looking for a bargain on their insurance.
Real savings can be made, but ensure you are comparing like products
and are not comparing apples with oranges! When you get a quote, make
sure of what is covered and just as important, what is not
covered! When you find a cheaper product, you need to be sure
that it really is a cheaper quote for the same product, and not an
inferior product that does not offer you the same level of protection.
Likewise, you may find a product at the same price or a slightly higher
price, that offers you benefits that you are not entitled to under
another policy.
Many car insurance
companies now offer quotes on the Internet where you type in the
relevant details and are then provided with a quote for the policy. A
good suggestion is to obtain quotes from as many companies as possible
in order to narrow your choices down to a short list that you can then
research further as to the details and inclusions or exclusions of the
respective policies.
One last suggestion. In order to save on your car insurance
costs, approach your current insurer and ask if they can match or even
improve upon a cheaper quote you have obtained from another company.
You’ll never know unless you ask!
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"Buyer Beware! What to Avoid when Searching for Car Insurance"
Dec 2, 2007
In the current economic climate (rising interest rates and higher
fuel prices), we are all trying to get the best value for our dollar. Car insurance is an area where there are significant savings that can be made, but often at a cost.
The main consideration when looking for cheap car insurance,
is what do you get for your money? Is a policy that saves you $100 a
year really a saving in the long run if they won’t pay you a reasonable
value for your car? Ask any insurance company what they consider the value of your car
to be before you sign the contract. You may be unpleasantly surprised
when you learn the price range they are willing to pay if your car is written off. You need to be sure that the bottom value they quote is as close as possible to what you believe your car
is worth. If the range offered does not meet your expectations, you may
need to inquire about obtaining an “agreed value” policy – this will
cost you a little more, but at least you will know that you have enough
money to replace your car if it is written off.
Many people try to save money when buying a policy by reducing the
amount of extras they purchase. Cutting unnecessary extras can save you
money, but be careful what you forego. A hire car for a certain period of time while your car
is repaired may be unnecessary for someone who has easy access to
public transport, but if you live in a rural area, or you are disabled
or have small children to transport, it may be necessary for you to
have access to a vehicle and the cost of hiring the car yourself will far outweigh any “savings” you achieved by not taking this option in the insurance.
The customer service you receive from the company you buy your policy from should also be consideration when buying cheap car insurance.
Will they take your claim over the phone or do you need to spend hours
filling out paper work or worse. For example, do you still have to
lodge the claim in person at their office? Will they make you
feel like a criminal or a valued customer when you lodge your claim?
Does the company you are considering have good or bad reviews from
other consumers? Ask your friends and family if they have ever had any
dealings with the company, or search the Internet for feedback or
complaints about them. You will find many sites on the web, including
this site, where this sort of information is available.
The basic advice when searching for cheap insurance
is to decide on your minimum requirements from the policy, and
read the fine print to ensure that the policy you buy will meet these
requirements. In general, always read the fine print so you know
exactly what you are and are not covered for, and if you don’t like
what you see, walk away and research another policy and or insurance company.
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Car Insurance the Henry Ford Way (any colour as long as it's black)
Are there Genuine Differences between Car Insurance Companies?
Nov 21, 2007
The basic policies of major car insurance
companies are all remarkably similar. The differences only become
obvious when you look at the policy cost and the extra benefits you
receive from a particular insurance provider.
If you sign up for comprehensive insurance, you may be offered the availability of a hire car for a certain amount of time while your car is being repaired, or until your claim is paid out, or if your car is recovered in the event of a theft. The period that this hire car is available may vary between companies, or even depending upon the policy premium you paid.
The length of the time the average claim takes to be processed may also
vary between companies and it is something you should inquire about.
What will you do if the company provides you with a car for 7 days, but will not finalise your claim for a month or two?
Another difference between insurance companies, is whether or not you get the choice of who repairs your car, or if you are obligated to send the vehicle to a repair company chosen by the insurance
company. You may be more comfortable of the work performed by someone
you know, or you may be able to find a mechanic who can repair and
return your car to you faster than the company selected by the insurance
company. Also, who pays the costs of having your vehicle towed to
your chosen repairer (if they allow you to choose) or if there is a
maximum distance they will pay to have the vehicle towed, requiring you
have to cover the cost for the extra distance?
Some companies offer accommodation to the policy holder if the
accident occurs a certain distance from home. However, the distance
from home required to qualify for this benefit as well as the length of
stay in the accommodation, varies between insurance
companies-- and some don’t offer this service at all.
Another difference is the maximum value covered for possessions
that are stolen from inside your vehicle or damaged in the accident.
There are many add-ons and small variations not only between
companies but even in the same policy depending upon whether you pay
extra for them—for example you can pay extra to have your windscreen
insured so that you file a claim for a broken windscreen,- it does not
affect your no-claim bonus, nor will you have to pay the normal excess.
The excess payable, and what does and does not affect your no-claim
bonus, will also vary markedly between insurance companies.
The best advice is that you carefully read the fine print of the
policy, know exactly what you are covered for or not, and what
additional costs you may incur, before you sign the policy.
Feel free to get a 2 minute car insurance quote , view car insurance reviews
or just continue reading
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