Insurance Problem Question

[snoopy4eva]

Hey all,

I'm planning on getting a r34 Gtt around June but i have an insurance question.

I'll be 21 when i get the car and i live in Canberra.

My problem is this...

In november last year i had a small micro sleep due to stress of exams while i was driving and crashed my car into the side railing. Nothing serious but the damage was more than the car was insured for (it was just a Hyundai Lantra 95 model). The insurance was under NRMA and was handled by my parents but it is recorded that I was the one that caused the accident.

Now how much of a problem does this pose for me? I'm assuming this would need to be declared right? I'm thinking Just Car.

Edited February 8, 2008 by snoopy4eva

[Skyrin3]

Your Premium being 21 is going to be huge, its turbo and you have had an accident and its am import as well. I would expect no less then $3000 a year for full comp on a GTT. Justcar would be the way to go. I am 22 and justcar was the only company that would insure my gtst and it was $1900 but i had never had an accident.

I would just ring around its free to get a quote

[snoopy4eva]

ok i just gave them a call and they said i'm looking at $2900. Which is better than i was expecting.

Not declaring the accident would be illegal right?

[casuarina26]

I've just insured my R34 GT-V with Shannons I'm 49 & it cost me just over a $1000 (twice my commodore's premium), you can pay by the month with Shannons & it doesn't cost any more. NRMA was about $1200 or $1300 to pay by the month Shannons was cheaper than Just Car.

[DLOOOK]

Shannons will generally touch you if u are 24>. Maybe go through a broker, cos with Just Cars they will rape you on excess ($2000-$3000k)

[joeyjoejoejuniorshabadoo]

ok i just gave them a call and they said i'm looking at $2900. Which is better than i was expecting.

Not declaring the accident would be illegal right?

it would be f**king stupid... might as well just burn the $2900 and drive round uninsured

[evil_weevil]

They need to know everything. Tell them otherwise if you had a claim, they can decline it and there goes your cash!

[snoopy4eva]

will do. cheers guys!