R34 Gtr Insurance

[cherring]

Mine was about 1600pa, R32 GTST agreed value 11k, in Sydney.

[nomnomv8]

JustCar Insurance - $2350 p.a with an excess of $2550 for an agreed value of $55,000. The joys of being a young male living in Sydney

Edited May 29, 2012 by nomnomv8

[33GTRV]

i was with just cars and had an agreed value plan and was paying 1700pa for my 33r with declared mods and they just decided to refuse me insurance on my vehicle when it was due to be renewed. Ill never go back. I am now with Lumley who seem.to do mainly special vehicles and are alot more compliant towards our requests. Age is 26, qld

[sydking]

gee i though agreed value was bases on market value of the car.

Either way i think Full comp is a rip off, majority of the time a little prang is not worth putting a claim through as you can buy second hand parts quite cheap.

Think over 5 years for example, at 2k premium thats 10k you could of saved, from that in the event that somethign happnens that 10k goes to repairs?

Then you need to worry about all your mods and if they will casue an exlusion, Then when you disclose them they bump up the quotes.

Dont get my wrong ive always gotten full comp, And as a pl plater in a skyline its not cheap.

Though now ive kind of been swayed to Fire and theft only.

End of the day insurance is a company and they want to make money.

Say you ahve full comp.....someone smahses your car and leaves.....Your stuck paying the excess are you not? who is your insurance company going to chase?

Half the time the repairs are worth more then the agreed value of the car therefore its a write off.

2 exapmles.

Mate bought a daily mirage for 8k, 2 months later gets hit by a truck on the way to work, Company says its a wirte off and he gets 5k market value for the car.

He was not at fault, Yet he looses out by 2k, Plus the money he pays in insurance,

2nd,

Mate runs up the gutter in his bimer, LOL i know..... Puts it thorugh for a claim....Takes it to repair quote and mechanic states They can only use new BMW parts.

front bumber and new wheel required with a few other little things, Bam it more then the agreed market value to wrtie off aswell.

[sydking]

^{Also people, Readd the PDS,}

^{You will find with your excess, There is also an Added Age excess you will need to pay ontop.}

[sydking]

Just another thing, Say you have some decent front end damage, Just car take it to there repairer.

Now...One would assume they would need to use all new Nissan Parts.

So for example New front bar from Nissan, New Front mount from nissan, New Headlights from nissan....ect ect

I doubt they would ever be allowed to use second hand wrecker parts...And there not goign to be jumping on here tralling the for sale threads now are they!

Isent there a new law that came in a little while back that if cirtain parts of the car are damanged its an instant write off. Used to be just chasis damange and now that has changed, I think if any structual part of the car is damaged its delcared an instant write off.

I would be checking with your insurance provider.

[sydking]

Here we go, Found the added excess table

This excess is additional to the standard excess if your car was being driven by a

person in the age ranges shown below at the time of the accident. The age excess

on your Policy depends on where you live.

Male

AGE NSW/ACT VIC QLD SA WA NT TAS

16-21 $500 $700 $600 $650 $650 $650 $400

22-24 $400 $600 $350 $550 $600 $550 $300

Female

AGE NSW/ACT VIC QLD SA WA NT TAS

16-21 $450 $650 $550 $350 $400 $350 $350

22-24 $350 $550 $300 $250 $300 $250 $300

Edited June 1, 2012 by sydking

[sydking]

It also states in there PDS

"Some excesses, like the standard excess, will apply whenever you make a claim, unless you can provide us

the name and address of the responsible party, or their vehicle’s registration number."

So like i said, In a hit and run case....Your coughing up the money still.

[God_speed]

Two things to add;

1. Postcode makes a HUGE difference, particularly in Sydney. I had the Shannons rep on the phone telling me that my quote would be over $1,000 cheaper if the car were stored at my parents' place in the Mountains as opposed to the Inner South West, as they've "had a lot of stuff go missing from your postcode; not just damaged or vandalised; *go missing*".

2. The magic age used to be 25 when the age excess would 'disappear' and you would theoretically pay the same as your 50 y.o. dad, but I was told (again by the Shannons rep) that premiums continue to be higher even once you're over 25. The age threshold that is used to determine the sliding scale increase, also continues to increase itself; i.e. you're not paying "regular" prices until you're well into your late 20s or even early thirties.

Both of these factors will then also differ by each company's internal policy. It definitely pays to shop around!

I'm with Lumley Special Vehicles (underwritten by Wesfarmers). When I originally called them last December, they'd only just started up and were keen for new business (to compete with Shannons). Not sure if that's still the case; but they're definitely worth a shot particularly if they're still trying to steal market share.

Edited June 1, 2012 by God_speed

[sydking]

Also jsut car do not have diffrent rates for how much you drive the car, I stated my car would be driven onnce every two weeks, IF that.

Makes no diff if you dive 500km a day

[B-Boi34]

Wow those are some fairly cheap premiums. My R34 GTT with Just Car was just over $2000 a year with the standard excess. 22 year's old in Brisbane.

To be fair I did lose my licence which bumped it up about $350 for the year.

Agreed value was $21k & they paid out 21k minus the excess coz my car got jacked.

[34GeeTeeTee]

Wow those are some fairly cheap premiums. My R34 GTT with Just Car was just over $2000 a year with the standard excess. 22 year's old in Brisbane.

To be fair I did lose my licence which bumped it up about $350 for the year.

Agreed value was $21k & they paid out 21k minus the excess coz my car got jacked.

Mine WAS up around $2700 when i was 24 due to loss of license and having a GTT, but i have stuck with Just Car all these years and it is down to $1400 or something..... That is with the highest excess etc..... Still have to sort the agreed value though as i think its a bit low but it seems the longer you are with them the better it gets!

[B-Boi34]

Mine WAS up around $2700 when i was 24 due to loss of license and having a GTT, but i have stuck with Just Car all these years and it is down to $1400 or something..... That is with the highest excess etc..... Still have to sort the agreed value though as i think its a bit low but it seems the longer you are with them the better it gets!

Yeah the agreed value went from 21k to $16 500 when I got my renewal notice. Good thing the car got stolen whilst it was still insured for 21k or I would have not been happy.

Really good service though, took 3 weeks to payout & didnt have to provide a single thing apart from the police report number.

[GTR-N1]

^^^ $4,500 difference is quite a sizeable amount too!