Jump to content
SAU Community

Recommended Posts

  • Replies 904
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted Images

It's price to risk though. I think it would more so be a coincidence that the rates are higher in the major centres anyway as they tend to contain both the more affluent people AND the riff raff.

It is supposed to be yes. But would you think Canberra is a greater risk then Brisbane? Because that is what the rates say...

It is supposed to be yes. But would you think Canberra is a greater risk then Brisbane? Because that is what the rates say...

yes, cause everyone goes there for porn,fireworks and pot :) :) hehehe

scorp32 - leave 31's out of it mate!

i was given a quote of $4500 for a $11000 R32 GTST from Young and Cool. I almost fell off my chair.

This is for a full licence holder, age 20, clean history(not even a parking ticket). He said is was because i park it in an "unsecure carpark" when im at work. They ask where u park at work.

Best ive found, and the only company that will insure me, is Just Cars at $750 for fire and theft or $2000 for comprehensive. When i claim with full insurance, its $2300!!!

Me and my buddies decided to self insure, we opened a deposit only account and started putting in monthly instalments. soon had a fair bit of money to cover damages there are a few rules though. but we all got third party property damage to cover the other guy. Its not for the average joe but it makes a mile of sense. if you want in or some details as to how it works just PM me.. works for me.

So, what if you crash into each other?

And what if your car is a total loss? If we are talking about a cheapish sort of car it makes sense, but not if your car is worth in excess of 5k- unless you are all making large contributions each month. And if one of you dips into the fund and uses all of it- what happens to the other guys if they need it soon thereafter? I'd rather have the security of knowing that I can simply call on my insurer if required. Plus I wouldn't want to risk a sh!tfight with my mates everytime someone needs to use the money.

thats how insurance companys make money, they hope every one will hope for worst, they get your money and the share holders live it up.

we put in $1200 a year each member, if you sell you car and want out - you take your money, I had an R32 in the scheme, sold the car and put an extra $1800 in the wallet from saved insurance.

All involved where prepared to pay the first $1000 for damages (like excess). In my case the first year of contribution and excess could have bought me a half-cut with all cosmetics, and mechanical bits to sell to reduce total cost.

Fact is most accidents are less than $3000 of damage, if you claim in the first year on that you only draw $800 of the other guys funds. Like I said there is a lot of things we have considered and put in place. This isn't for every one..... What many don't factor in is the excess they have to pay on a claim with a company. if your policy cost you $1250 and your excess is $1500 then its gunna cost you $2700 to claim in the first year $3950 in the 2nd ect. ect. (then check their total pay-out figure its criminal one of the guys was offered $4000 for a 92 sss bluebird sr20t after $2500 excess)

Bag it / Pull it to bits / it aint for the faint!.....................carry on

Edited by R34GT-T
thats how insurance companys make money, they hope every one will hope for worst, they get your money and the share holders live it up.

we put in $1200 a year each member, if you sell you car and want out - you take your money, I had an R32 in the scheme, sold the car and put an extra $1800 in the wallet from saved insurance.

All involved where prepared to pay the first $1000 for damages (like excess). In my case the first year of contribution and excess could have bought me a half-cut with all cosmetics, and mechanical bits to sell to reduce total cost.

Fact is most accidents are less than $3000 of damage, if you claim in the first year on that you only draw $800 of the other guys funds. Like I said there is a lot of things we have considered and put in place. This isn't for every one..... What many don't factor in is the excess they have to pay on a claim with a company. if your policy cost you $1250 and your excess is $1500 then its gunna cost you $2700 to claim in the first year $3950 in the 2nd ect. ect. (then check their total pay-out figure its criminal one of the guys was offered $4000 for a 92 sss bluebird sr20t after $2500 excess)

Bag it / Pull it to bits / it aint for the faint!.....................carry on

That's all well and good however as I said... expensive total loss= up the creek. And not all companies have such phenomenal excesses. I can see how it could potentially be of some use to an under 25 however. Plus I really couldn't be stuffed putting in the effort to monitor my mates contributions. It seems like you guys are keen tho!

Edited by ScorpR32
  • 3 weeks later...

VIGIL have insured me finally after stuffing me around for a month. They have finally insured me for 3 months and said i cannot renew my insurance after that because their policy JUST CHANGED and cannot insure under 26 year olds. They said everyone who is under 26 yo and have insurance with us will have their insurance cancelled and cannot renew again with us. They are the most unprofessional company i have ever dealt with!! SO BEWARE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • 1 month later...
Me and my buddies decided to self insure, we opened a deposit only account and started putting in monthly instalments. soon had a fair bit of money to cover damages there are a few rules though. but we all got third party property damage to cover the other guy. Its not for the average joe but it makes a mile of sense. if you want in or some details as to how it works just PM me.. works for me.

That is the essence of insurance and its beginnings: Risk sharing.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



  • Similar Content

  • Latest Posts

    • Thanks for all the replies fellas. Gonna finish putting it back together and see how it handles the set up. If it starts pinging it’ll be parked.
    • Well, I can recommend the partial AV system translation CD I ordered from Car Audio Workshop in NZ. Whilst it didn't address the date issue, it has conveniently translated on-screen menu items into English, and now allows the GPS-received time to be offset in hours rather than minutes, so I can display Eastern Australian time accurately ( and bump it by another hour when daylight savings starts ).
    • Yuh, if it's 45°C outside, my car is driving in it.
    • I'd be curious to hear more. Otherwise, have you driven a modern x-trail? I wonder how it compares. Here in Australia they are/were popular for rentals and fleet vehicles. I have been in some and my impression was they are bad. But, this may have been very different in the 2000s at a good trim level. Twenty years is plenty of time to make the model worse. I do very much agree with the 2 silver cars in the garage approach. But, not driving because it's too hot would not leave a lot of time in the year for many Australians. I don't think you need to worry too much unless the car has actual issues with overheating. 
    • Back again. I returned to Japan in Jul/Aug to spend time with the car on my birthday and remind myself what all the sacrifice and compromise is for. It happened to line up with the monthly morning meet in Okutama, which I have been wanting to go to for a long time. It's a unique event at a unique spot with really rare, interesting, and quirky cars. It's where all the oldheads and OGs gather. The nighttime scene at DKF certainly has its place and should be experienced if you're into cars, but there's too much bad attention and negativity around it now. IMO the better time is Sunday morning at DKF or Okutama; it's more chill and relaxed. I'm glad I was finally able to go, but not sure it's worth the drive from all the way from Nagoya immediately the day before, unless I was already staying in Tokyo for the days right before the meet, because you have to wake up quite early to make it in time. Funnily enough though I didn't drive the car all that much this trip because it was just too damn hot. While there were zero issues and running temps were nominal and the A/C was strong, RBs already run crazy hot as it is. Sure, it took it all like a champ but something about driving these cars in the ridiculous heat/humidity bothers me and makes me feel like I'm asking too much of it. I'm just me being weird and treating the car like a living thing with feelings; I'm mechanically sympathetic to a fault. Instead I was mainly driving something else around - a KX4(silver) 2001 X-Trail GT, that I acquired in May. There's a few different flavors to choose from with Xs, but visually it's the Nissan version of the Honda CR-V. Mechanically it's a whole different story as this, being the top-trim GT, has an SR20VET mated to a four-speed auto and full-time AWD! It was a very affordable buy in exceptional condition inside and out, with very low mileage...only 48k kms. Most likely it was owned by an older person who kept it garaged and well-maintained, so I'm really happy with how it all worked out. It literally needs zero attention at the moment, albeit except for some minor visual touch-ups. I wanted something quirky, interesting, and practical and for sure it handily delivers on all three of those aspects. I was immediately able to utilize the cargo and passenger capacity to its full extent. It's a lot of fun to drive and is quite punchy through 1st and 2nd. It's very unassuming -in the twisty bits it's a lot more composed than one would think at a glance- and it'll be even better once I get better tires on it(yes, it's an SUV but still a little boat-y for my liking). So...now I have two golden-era Nissans in silver. One sports car and one that does everything else; the perfect two-car solution I think👍 The rest of the trip...I was able to turn my stressed brain off and enjoy it, although I didn't quite get to do as much as I thought. I did some interesting things, met some interesting people, and happened into some interesting situations however, that's all for another post though only if people really want to know. Project-wise, I went back to Mine's again to discuss more plans and am hoping to wrap that up real soon; keep watching this space if that interests you. Additionally, while working in the tormenting sweatbox that is the warehouse, I was able to organize most of the myriad of parts that my friend is storing for me along with the cars, and the 34 has a nice little spot carved out for it: And since it can get so stupid hot in there, that made it all the more easy -after I was standing there looking at the car and said 'f**k it'- to finally remove all the damn gauges that have mostly been an eyesore all this time. Huzzah. The heat basically makes the adhesive backing on the gauge mounts more pliable to work with, so it was far less stressful getting this done. I didn't fully clean it up or chase the wiring though; that will happen once I have the car in closer possession. Another major reason to remove all that stuff is to give people less reasons to get in my car and steal s**t while it's being exported/imported when/if the time comes, which leads us to my next point... ...and that is even though it's time in Japan is technically almost up since it's a November car and the X would be coming in March, I'm still not entirely sure where my life and career is headed; I don't really know what the future looks like and where I'm going to end up. I feel there's a great deal of uncertainty with me and as a result of that, it feels like I'm at a crossroads moreso now than any point in my life thus far and there are some choices I need to make. Yes, I've had some years to consider things and prepare myself, however too much has happened in that time to maintain confidence and everything feels so up in the air; tenuous one might say. Simply put, there's just too much nonsense going on right now from multiple vectors. Admittedly, I'm struggling to stay in the game and keep my eyes on the prize. So much so in fact, that very recently I came the closest I ever have before to calling it quits outright; selling everything and moving on and not looking back. The astute among you will pick up on key subtext within this paragraph. In the meantime I've still managed to slowly acquire some final bits for the car, but it feels nice knowing there's not much left to get and I'm almost across that finish line; I have almost everything I'll ever want for my interpretation and expression on what it is I think an R34 should be. 'til later.
×
×
  • Create New...