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Shannons Wont Insure My Gtr

s15guy

By s15guy,
in R35 GTR

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bob the builder Newbie

bob the builder

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SO lets see here, you can afford a cars thats $180k yet you dont wanna pay 5k a year for insurance, are you going to be able to pay for tyres, brake pads, trans fluid etc?

my guess is no you wont be able too, or is paying 600 dollars a tyre criminal too? so you will run around on $150 nankangs or somthing

hey

where can i get tyres for 600 have been quoted 1100. re; shannons i am on 1 year 1 point good driver bond with real bad history and they accepted me just cool i guess

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MBS206 Grand Master

MBS206

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Posted
+1.

I would have become defensive with my responses as the OP did. Too easy to say to someone your a 'dckhead' and to 'hardn the f up' on a forum. Dare I say with 100% certainty, non of these posters would say anything like this face-to-face.

You obviously don't know me then.

I tell people plenty of times, in pubs, clubs, shopping centres and footpaths that they are dick heads for doing stupid shit.

_8OO5TED_ Mentor

_8OO5TED_

Posted
Posted
I love how people assume that 5k on a 180k car isn't much.

Myt brothers car costs 9.5k to insure BUT it is worth 850k.

Work it out.

i would hate to live in that NANNA state. I would be just like you.

What does your brother drive that is worth $850,000?

fungoolie Community Regular

fungoolie

Posted
Posted
I love how people assume that 5k on a 180k car isn't much.

Myt brothers car costs 9.5k to insure BUT it is worth 850k.

Work it out.

i would hate to live in that NANNA state. I would be just like you.

$5K to insure a car is definitely too much when others are getting the same car insured for less than $2K. Mind you, they have much better driving records which is the sole (good) reason he's been quoted such an amount. You cannot directly compare premiums as a percentage of the purchase price of the car for different value cars simply because exotic cars are generally operated differently to "normal" cars. This is because; a) They do less kms, b) The owners do not park or garage them in risky places due to generally having other cars to use whenever the need arises and c) They are usually driven more carefully due to their inherent value.

Mind you, I still think your accident record is what should be the major factor in determining your premium, not whether or not you've been caught doing 55 in a 50 zone a few times in the past couple years. I wonder what his premium would be if he'd had a few accidents in the past couple years as distinct from getting caught speeding.

Col-GTSX Grand Master

Col-GTSX

Posted
Posted

You want stupid insurance costs...

1973 GTR XU1 (genuine) fully original with 11,000 km on the clock, one owner...

Owner is 61, has a clean history & would never let anything happen to his pride and joy...

Insurance terms;

* Only he can drive the car (no exceptions, or no insurance is given)

* Not to be driven more than 100km in a day

* Not to exceed 5000km per annum

* QLD Club rego (so must comply with all those terms as well)

* Must be inspected on an annual basis

* Must be locked up in the garage of policy address

* A few other little bits, nothing too important

Anyway point being, Shannons insure this car...

$3400 per year with a $25k excess...

My point being, insurance companies all weigh up three things;

* Risk

* Value

* Profit

Then put it into a basic risk of payout ratio based on the car, driver and location...

From these results a premium is calculated & the excess is negotiated...

A car like the Torana mentioned is absolutely irreplaceable, nothing could replace that particular vehicle if it were stolen or destroyed...

As such a price has been placed on its value & even tho its a very low risk car for an accident its the apple of many thieves eye, hence dad never takes it anywhere...

If on the other hand you had a modern supercar (say a 35 GTR for example) if it gets stolen you can easily get another one tomorrow...

That said if its an original Aussie delivered R32 GTR you have in show room condition, well its in the same boat as the Torana mentioned above...

To my point of this, regardless of opinions of many in this thread the insurance company's have only one focus... profit...

So to quote 5k on a r35 for a person with a fairly poor driving history on paper, well thats probably fair infact id go as far to say as cheap compaired to some other justcar users who pay similar for cars worth less than a third the value...

Conclusion: Their here to make a profit and that's what they do well...

handbrake Veteran

handbrake

Posted
Posted

Yes, it is a business after all.

A friend of mine's father was an actuary working for and then CEO of a major financial/insurance firm in Australia, now retired. They have incredibly in depth analyses and formulas they utilise involving the vehicle, customer and parts/labour likely range of claims in the sector and types /frequencies of repairs. He sent me to sleep one night on the turps explaining it all. He and his company make good money, don't fool yourself into thinking it's a right to have cheap insurance. It's one of the most serious businesses out there. Luckily though it can be quite competitive also, so if you haven't called about 10 insurers then chances are you may not have gotten yourself the best deal going around.

As for speeding or other traffic infringements, there is mo excuse, regardless of what state you are in. Speed limits and the way they are enforced are not something I necessarily agree on but regardless you need to be smart enough to play the game. If you don't you just end up looking stupid when you get the fines.

Kujotk Grand Master

Kujotk

Posted
Posted
He has Blue Lp640. Pics are in the SuperCar spotted thread in the NSW section.

isn't it for sale? Blue 640 with bout 7400km still under new warranty and he wants to buy a LP560 GT race car instead? If so then I technically know your bro

Kujotk Grand Master

Kujotk

Posted
Posted

Loss of licence doesn't alter your premium much anyway.....It reduces the chance of some one giving you insurance, but it doesn't change the premiums much if at all. Fungoolie is right when it is accident record that determines the biggest chunk of premiums. It all makes sense now with why my own insurance is so cheap....

Harey Veteran

Harey

Posted
Posted
i would, and regularly do to people who tell me that they were caught speeding, etc. whether i know them or not. especially if i know them. my mate just got his licence back for the 10th time or something like that. he usually loses it in the first 6 months of getting it back because he only has 4 points. i constantly tell him he's a cockhead. i have customers coming in to buy bikes because they lost their licence. i tell them they are stupid as well.

OMG mad082 called me a cockhead!!! Life over... :)

mad082 Grand Master

mad082

Posted
Posted
You want stupid insurance costs...

1973 GTR XU1 (genuine) fully original with 11,000 km on the clock, one owner...

Owner is 61, has a clean history & would never let anything happen to his pride and joy...

Insurance terms;

* Only he can drive the car (no exceptions, or no insurance is given)

* Not to be driven more than 100km in a day

* Not to exceed 5000km per annum

* QLD Club rego (so must comply with all those terms as well)

* Must be inspected on an annual basis

* Must be locked up in the garage of policy address

* A few other little bits, nothing too important

<snip>

is the club rego a requirement, or did he decide to go that route? the reason i ask is that a lot of hot rod guys put their rods on club rego because it is cheaper and the car doesn't have to be as roadworthy to get it. a lot of the hot rods would never pass a roadworthy to get it fully registered. also if you have club rego you can only drive the car to club meets/cruises/shows. you can't just drive it to the shops to get milk. my in-laws are in a rod club and one of the members went on a cruise where they stayed over night. he drove the car to go out for tea and was booked for it cause the car was only on club rego, and driving out to tea wasn't classified as as part of the club cruise (cause it wasn't a club dinner).

Col-GTSX Grand Master

Col-GTSX

Posted
Posted
is the club rego a requirement, or did he decide to go that route? the reason i ask is that a lot of hot rod guys put their rods on club rego because it is cheaper and the car doesn't have to be as roadworthy to get it. a lot of the hot rods would never pass a roadworthy to get it fully registered. also if you have club rego you can only drive the car to club meets/cruises/shows. you can't just drive it to the shops to get milk. my in-laws are in a rod club and one of the members went on a cruise where they stayed over night. he drove the car to go out for tea and was booked for it cause the car was only on club rego, and driving out to tea wasn't classified as as part of the club cruise (cause it wasn't a club dinner).

In short its not needed... He just does not drive it much at all really...

So why pay for rego it wont use... I mean almost 40 year old car with that many km's you get the picture...

Drift Motorsport Community Regular

Drift Motorsport

Posted
Posted

From the website:

Our Staff

Our Instructors and staff have all spent many years devoted to training in their specialised fields. All our martial arts instructors have attained a certain level of expertise to qualify them as teachers and also mentors.

Dr. Peter Lewis

Dr. Peter Lewis is the senior kung fu instructor of Malvern Health & Fitness. He has thirty years experience teaching martial arts. He has trained with a variety of styles including several styles of kung fu, karate, tae kwon do and unarmed combat. Peter has trained with special-forces in both Australia and Thailand. Dr. Lewis is a sports physician specialising in martial arts injuries. He works out of the Re-Creation Medical Centre and has been the ringside physician for approximately 15,000 bouts. He has looked after boxing, kickboxing, karate, and tae kwon do fights. Dr. Lewis has been involved in officiating at all levels of martial arts including judging refereeing, ringside doctor, trainer and corner-man, ring announcer and rules co-coordinator. He has officiated at some of the most important fights of all time in over 30 cities around the world. Peter has trained with world champions and internationally recognised instructors in many countries. Dr. Lewis has extensive experience at treating physical trauma and also as an expert witness in assault cases. Through his experience of the medical aspects of martial arts training Dr. Lewis has devised a unique perspective on training that focuses on the health benefits of martial arts. He has a special interest in core body stability, skills acquisition, aerobic and anaerobic fitness, flexibility and sparring skills.

S15guy = Dr Peter Lewis?

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