Was originally with AAMI, and noticed they had quietly dropped my covered rate to $7,500. If I was willing to pay more, I could be insured for $10,500 max. This is for a 2008 top spec Nissan 350z, which you couldn't look at for anything less than $17,000. My premiums for comprehensive were about to go up to $141 a month (despite being with them for 5 years with no claims) so I checked with Shannons, and they covered to $20,000 for $146 a month. Always pays to check how much you're covered, as if my car was written off, I'd be getting less than half it's worth. Outrageous.
It's definitely not worth being "loyal" to an insurance company. My partner was with RACV for years, but his last bill I just noped at. He was all "but my silver loyalty card and discounts" 🤦🏼♀️Shopped around and got a deal that was exactly the same coverage and T's & C's for almost $1,000 less. I asked, "is your loyalty worth a thousand bucks?" 😆