Insurance WTF?

[Shortstuff]

Both my cars are insured fully comp through Bingle.

I got my renewal for my SRI-T through and the value had dropped $1000. No problem, I just went online and adjusted it back up,

The renewal for my TS City came through and the insured value went down from $5000 to $3400! WTF? That's dropping by almost 1/3 in 12 months. I went online to put it back up and I can't! The maximum value is now $4000.

What value have people got similar cars insured for and through which company? I was very happy with Bingle but now if the car is written off, I walk away with $2800 after deducting my excess and I there is no way I could replace the car for that.

[hazrd]

I had my TS City insured through bingle for $5500 when I first bought it in 2011. When the renewal came through in 2012, they dropped it to $3800. I wasnt going to try and insure it for more, but I did notice that they wouldnt let me raise it above $4200

I ended up calling Real Insurance and got it insured for $4750 for a premium that worked out about $40 a year less. It wasnt what I wanted, but it was a hell of a lot better than Bingle.

[Shortstuff]

So it might be a standard thing for Bingle. I tried doing a new quote but the highest value I could use was $4200 as well.

I could understand dropping the value $500 in 12 months, but not decreasing it by almost 1/3, especially when the SRI-T dropped by less than 10%!

[DRMAT]

There's no point in staying loyal, every year you pretty much have to do the rounds of every company to get the best deal.

[Shortstuff]

The price of the premium is good, but it's not worth having if I can't replace the car with the payout!

[poita]

Contact Neeko

[hazrd]

What poita said ;)

[JohnBu]

Bingle is just rubbish.

They ask a million questions.

I stuck with Allianz which was cheaper anyway.

Anyway, you don't know your insurance company until you make a claim.


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[Shortstuff]

I just emailed Bingle to ask why this happened. I'll be interested to hear their response.