R33 Skyline Insurance Pricing

[adam1982]

Hey All,

Been ages since I last posted on here, Always reading

As the topic title says, I'm chasing peoples suggestions and their rough pricing on insurance for R33's. I know theres a lot of insurance posts on here, i'm still reading through them. A lot seem to be quite old hence this post.

Now, I've had my 33 for about 5 years now. Its always been insured and over the years its got cheaper.. Finally after paying their exorbitant amounts when i was younger!, but this week the insurance company has decided to do the opposite with their 'yearly contract renewal'

Car Details:

1997 R33 GTS-T 5sp

Mag wheels / Lowered

Tint / Alarm & Immob

BOV

3" Exhaust

Always garaged in a full enclosed, locked up garage.

Car is lucky to be driven 2000kms a year

Me:

28 years old

Had my license since 17

No accidents and no claims.

Rating 1 60% NCB (Think its rating one? its the top one, whichever that is)

Clean driving history, not been refused or lost my license or anything like that

Only person who drives the car.

Original Details:

Insured for: $15,200

Full Comp Insurance

Monthly payment: $79.31 Year payment: $868.65

New Details:

Insured for: $12,160

Full Comp Insurance

Monthly payment: $85.28 Year Payment $1023.40

So basically they have reduced the value of my car by $3040 whilst increasing the premium by $154.75. Fun Fun..

So... I'm asking you, fellow skyline owners what you are paying (roughly) for your insurance, how much its insured for (with what mods) and who you are insuring it through?

Hopefully I dont get flamed for 'another insurance post' and hopefully if people post up their details, this might help other people too

Cheers

Adam

[Panko]

Maybe because of the flood, the company lost lots of money so they are trying to get some back.

I'm guessing though. Mine went up last year as well after the hail storm in Melbourne.

But my agreed value is $22,000 though.. so I'm not sure

I could be wrong

[heljon]

1993 R33 GTS-T

mags lowered some mods

Kept in a carport

Shannons insured $12,000 agreed value cost $1000

60% NCB

[jjman]

shannons!

modified r33 gtst. im 30 with essentially a perfect driving history and do less than 5000km a year and it costs me about $550 a year i think.

as it has been said. shannons is more of an interview than a tick box application. sometimes they say yes outside the box, sometimes no when you are inside...

[wrench_]

I just moved here from NZ

27yr old

Clean driving record - no tickets in last 5 years, accidents, claims, theft, fire etc.. nothing..

Shannons wanted $2070 p/a for full insurance on a R33 GTS25T 5spd, some mods, valued at $11,000

Perhaps it is because I have not been in aussie long enough to build up a good rating, but all the NZ companies are owned by aussie ones anyway.

They kept telling me that young kids like me kept writing off skylines. I told them the kiddies write of all types of cars, they just buy more skylines because they are cheap and good cars.

Hardly consider myself to be a 'young kid' at 27, but whatever ><

Justcars was significantly cheaper, and even cheaper again if it was insured under wifes name (who is younger). Go figure.

*Edit: That was also for apartment building style parking, 24hour concierge, CCTV video cover, not private lockup.

Edited February 12, 2011 by wrench_

[GTR-N1]

Original Details:

Insured for: $15,200

New Details:

Insured for: $12,160

Cheers

Adam

What I'm pushing is a different angle.

And this is despite the fact that Just Car has now reduced its competition by taking over Shannons...

If you are peeved at one insurance company reducing your sum insured by an appreciable amount, you can change camps the following year by going to its competition (albeit limited).

The competitor will often (but not always) insure your car for the same amount as it was the year before. Then again, your premium may increase though.

The following year, you might switch back for the same or similar reasons.

On the last renewal of my wife's 530i, AAMI wanted to reduce her sum insured from $37500 to $29000. I called a competitor which insured the said car for $37500 still and the premium only went up by $2/wk