Anyone Had Trouble With Just Car Insurance?

[Damo_R34]

kahli, you sure you wrote that right? $950 on 17y.o on P's full comp for a year for a turbo car?

[SLED]

hi kahli, I'm guessing that it's insured in your parent's name, yeah?

[Lil Miss 32]

Well I told the lady i want it to be 50% me and 50% my Dad and shes like well when will you be driving it and i said most of the time all week. Same thing with the R33 on my L's i was only paying $1700 and that was 50% me and 50% Leigh on his p's. H2P is heaps good. Excess is only $1100.

Edited October 7, 2008 by Lil Miss 32

[SLED]

sound like it's insured in your Dad's name with you as nominated driver with different excesses depending on who prangs.

[Lil Miss 32]

Prob, but im happy haha. Good insurance!

[Krishy]

Prob, but im happy haha. Good insurance!

Not really

your better off finding out how much excess you gota pay when or if you are involved in a crash and your at fault.

i am guessing it will be both arms and a leg!

The premium and excess that you stated before are prob for your dad

and will not apply to you if u are at fault in a prang

Edited October 7, 2008 by Krishy

[Lil Miss 32]

Like i said before, 32 is insuranced 50% me and 50% my dad. The 33 wasnt insuranced under my dads name, 50% was leigh on his p's with lose of lisence 3 times. Excess wasnt much different.

[Nightcrawler]

Well I told the lady i want it to be 50% me and 50% my Dad and shes like well when will you be driving it and i said most of the time all week. Same thing with the R33 on my L's i was only paying $1700 and that was 50% me and 50% Leigh on his p's. H2P is heaps good. Excess is only $1100.

Unfortunately insurance is only as good as what they pay when you actually have an accident. You might have a TOTALLY different opinion when you went to claim if you wrote the car off and it is insured as 50% you, 50% your Dad. They they pay some private investigator (like Sled) to find out the actual percentages and then they find out you drive it 99% of the time and don't pay out a single dime.

[typevu]

H2P sucks... wanted something around $4.5k when I called for a quote a week back.

[benny_blanco]

I dont know why you guys have had trouble with Shannons.... I was only 20 when I started my policy, had no trouble what so ever... even got a rating 1. and the policy is under my name, my parents arent even on it..

... only catch the excess is bloody expensive. because of the under 25 and turbo excesses.

[rhys5169]

i was under shannons for a few years, they gave me my rating 1, full comp, all the good stuff and i was about 19 at the time i think? but even with my clean record and rating 1 with them they wouldnt touch me in the gtr for a couple years, i plan to go back to them next year/year after......

im now on just cars, 18k value, rating 1, 20 years old, $880 a year full comprehensive......i felt safer on shannons tho

[Luke_ENR34]

im with shannons now as just car couldnt offer agreed value of 30k for my car. Im only 20 to.

pay roughly 1700 a yr, but i pay quarterly and have a 900 excess. Get free windscreen replacement also and all mods are covered.

Wanna try and get it insured for 33k after the next mods.

[Damo_R34]

wow luke, thats awesome. im definately going to try shannons, my car is insured for 23k agreed. better get my current claim out the way first

[Krishy]

I dont know why you guys have had trouble with Shannons.... I was only 20 when I started my policy, had no trouble what so ever... even got a rating 1. and the policy is under my name, my parents arent even on it..

... only catch the excess is bloody expensive. because of the under 25 and turbo excesses.

I am with shannons as well and my excess is only $950

and i am 21 with a r33 gtst

[Dohmar]

kahli, you sure you wrote that right? $950 on 17y.o on P's full comp for a year for a turbo car?

no way in hell anyone gets comprehensive for that much for that age.... my comprehensive insurances have been (all rating 1)

I was paying $1200 thru aami for an r31 executive's (1990, agreed for $4000) comprehensive when I was 22

I was paying $800 thru justcar for my vn commodore (1990, agreed for $2000) when I was 25

I'm now paying $1450 thru shannons for my gtr (1989, import, agreed for $25k) and I'm nearly 30...

Theres just no way, aside from the 50/50 issue that Nightcrawler already mentioned....

-D

[KISIN]

Your policy will quite clearly state whether it is an agreed or market value policy.

Also, check the value at renewal time - they have a habit of changing values while the rest of the policy looks similar.

It should also state what accessories or modifications are covered by the policy, and under what circumstances they will cover them.

You may need the PDS (policy disclosure statement) for the terms of when the accesories will be covered however.

Insurance policies are boring as hell to read, but it is very important to understand them, with the price of cover being as high as it is.

Prob, but im happy haha. Good insurance!

H2P sucks... wanted something around $4.5k when I called for a quote a week back.

H2P are terrible. There is no "agreed value" as such even IF u pick that to start off your insurnace cover with. Had personal experiance with them, and the pay up anything UP TO agreed vlaue - NOT the actuall agreed value. My family lost $5k due to this. I hope u dont have to claim anything with them Missy 32 coz they are major a-holes.

I know ill never give them a call again. Just cars were OK insuring my old R34 on my name only for 1550/year, agreed value and ou could have legal mods as long as you report them to JC. I was 19 then. If/When i get a new import (decent 1) ill try and get in with shannons, coz they sound like the go

Edited October 8, 2008 by KISIN

[Jenkk]

Question...

i have imported a 1998 R34 GT-T white coupe...

NOW - i pain $9350 (around abouts) for the CAR itself

then obviously the import costs + compliance making it around $17700.

now that its in aus, how much would i put down for the car's value for rego n stamp duty etc

any help?

K

[Krishy]

if you want to save some cash ^^^

then put down a dirt cheap price and your stamp duty will be low

from memory stamp duty is 10% of the price of the car.

so the lower the price the cheaper the stamp duty

[Dohmar]

Question...

i have imported a 1998 R34 GT-T white coupe...

NOW - i pain $9350 (around abouts) for the CAR itself

then obviously the import costs + compliance making it around $17700.

now that its in aus, how much would i put down for the car's value for rego n stamp duty etc

any help?

K

For insurance purposes its 17k. The costs of importing and compliancing have to be factored into the claim, because if your car is written off they need to spend that proportionate amount getting you a replacement (or thats how much they'll give u in order to get a replacement)... however for stamp duty, $10k is technically what you paid for the item, so you can save your cash that way... (since stamp duty doesnt apply to parts or labor)

-D

[chops]

if you want to save some cash ^^^

then put down a dirt cheap price and your stamp duty will be low

from memory stamp duty is 10% of the price of the car.

so the lower the price the cheaper the stamp duty

Stamp duty is calculated on the HIGHER of market value or purchase price.

So you can't dodge them too much on it.

http://www.transport.sa.gov.au/news_media/.../stamp_duty.asp - link for rules

http://www.transport.sa.gov.au/fees/stamp_duty_calc.asp - calculator for SA

On a $17,700 car it's like $648, and on $10k it like $340.