Bloody hell, the nitrogen scam episode doesn’t allow comments, bugger that , I’m here. Imagine a large aircraft tyre air filled with moisture pooling at the lowest point flying at -40*c. Expose the landing gear at a cold if not freezing airport, the instant zero to 125mph (smoke time) and a sliver of ice a bit like a knife is released inside the tyre, only then would I recommend dry nitrogen, I know of a fool who spools BS ,d I just laugh

Yep. In this predicament now. Have always gone for the highest agreed value available as my vehicle has a few upgrades, and saw this video too late. The payout is going to fall well short of replacement cost, even if I could find a comparable car that was available. Looks like we'll be getting whatever overpriced buzzbox is available for the time being, and looking at what we really want a few years down the track. I suspect the reverberations of this market event on prices will be felt for years. Will used car prices crash when new car supply catches up with demand and eveyone who has put off upgrading finally does? Then when increased demand from people upgrading returns back to the mean; will new car prices come down as well? Could take a number of years for all that to play out.

Keep your old car until there is a glut of new cars.

My old insurer (state based motoring association) would not agree to the current market value of my car. Went to a well known classic car insurer, no dramas whatsoever on value, and a competitive rate.

There is no Olight link!

Thanks for that John, it woke me up. 15 year old Civic, agreed value was $4,700. APIA would only go to $5,400, but you'll need double that to get an equivalent vehicle. While on the phone the person suggested Shannons and actually transferred my call through. Straight away I was offered $10K, the monthly premium only about 1% more! Happy days. Thanks again… Don

Don''t need a tweeting dh John. Hail the size of golf balls seriously dented my 11 y.o. Sorento on the 20th November on the north coast NSW. No glass damage (including panoramic glass roof) so still quite driveable. Assessors initially told me all fixable … go home and relax until Feb 2022 when they would get around to restoring it's good looks. Insurer rang me a week later and said the submitted fix bill of $16500 was a bit rich and how about we give you $13200. (…and if I wanted to keep it they would let me have it for $4K – no insurance). I baulked at the low valuation and suggested they have a good look at online second hand values on which I would be depending for a replacement. They reminded me of current Redbook values and suggested I could lodge an appeal and forward my own found examples, but they had to be exactly the same model and only for sale within my state of NSW, with similar mileage. Unfortunately the one in Tassie asking $21K didn't count! I don't know that Redbook has taken the prices being asked in the real world into account.
While we love to complain, the Insurers perform a pretty essential function and in events like this are at the mercy of the repairers who can bung it on. Probably for the same reasons as the construction and many other industries … shortage of parts supply, shortage of labour and uncertainty. There are going to be some pretty massive salvage auctions after this crazy season has finished.

Auto & General underwrite car insurance for almost all the shop-fronts (AAMI, Alliance, etc.). So with no underlieing competition there is little product differentiation.
+$200 for greed value over market value.
+$200 for repairer of choice (car not put on trailer to find cheapest repairer).
I have not looked for more scams.
If there's an insurer who doesn't charge for these extras please name them.

Fact fact fact

Really good point. Thanks. Correct, I’ve been using agreed value for 20+ years (decades). But yes, it’s now dead wrong.

It's too hard for me to hate this ten minutes and thirteen seconds of advice. Liked once again.

?? ??

A Dodger dealership tried selling me a almost $5k warranty on a $15k truck. Oh and you had to bring it to them for constant fluid changes or warranty no good. Hell in a few years they could get $1000’s in fluid changes. Needless to say I refused their kind offer to purchase their highly overpriced warranty. Dipshits, I change my own oil. The truck is still going strong without spending $1000’s more

In the UK you can get GAP insurance which gives a replacement new car in the event of an accident that wipes out the current car.

Hmmmm, Mille Jovovich. What was that video about again? I can only remember Mille.

That's been the insurance conundrum for longer than any of us have been alive. Your collision premium doesn't go down, but the car book value does. They'll only pay up to the book value at the time of the loss, even though your premium is based on full valuation.

Don't use carsales for valuation. They haven't changed my car's value for the past 2 years.

Hello John,
In the case of a car that is actually appreciating in value, for example, a S2000 or a Supra, how would one work with insurance?
What if I have added aftermarket parts and I would like these to be covered as well?
Thank you!

Try and buy a 2nd hand landcruiser … the prices are ridiculous !

Cardigan is a painful
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