N/A insurance?

[bLiNk]

Hey,

Im lookin into buying a N/A skyline for my first car. What can i say... im i realist and im probably gonna crash into somthing. Id luv a turbo but insurance is just stupidly high. So i rang up just cars for insurance on a N/A. They quoted 2.5k a year for 94 stocker than stock R33 GTS. I am guessing i do live in a high risk area with fountian gate being theft and minor car accident central. But i was always under the impression that N/A was much less insurance wise. I am 18 btw with rating 4. Just wondering wat some of you other N/A guys are payin for insurance.

thx

[DaGr81]

lol howd u get a rating of 4 so fast? how many years have u had full comprehensive cover for? to get that rating? im paying 2K full comprehensive its cheap becoz my dads an insurance broker and he cut a deal for me and ive never had insurance before so its pretty damn cheap

but dude 2.5K still fairly expensive u can get it cheaper from other companies

[bLiNk]

I actually rang up aami first as my folks are insured with them. As soon as i said skyline they directed me to just cars... but because my folks are with aami which owns just cars (i think) i get to start my insurance with rating 4 (well 1 better then usual anyways) with either aami or Just cars. Ive never had insurance before. Is your insurance for a N/A or a turbo and are you past the 24 yr old hurdle?

[dayne]

Hey, I've got insurance on a R33 GTS *im 16* and its only insured for me to drive and the only company who would touch me is just cars, i'm only on third party, and thats $649 and something like another $150 for fire and theft aswell...

Hope this helps,

And goodluck, i mose well have got a turbo for the price.. thats what they told me anyways.

Lets hope you'll have better luck then i did.

Dayne

[bLiNk]

Hey, I've got insurance on a R33 GTS *im 16* and its only insured for me to drive and the only company who would touch me is just cars, i'm only on third party, and thats $649 and something like another $150 for fire and theft aswell...

Hope this helps,

And goodluck, i mose well have got a turbo for the price.. thats what they told me anyways.

Lets hope you'll have better luck then i did.

Dayne

Hmm...

It really isnt fair for all you N/A fellas out there. I would think it should be much easier to get reasonable insurance compared to a turbo but it seems to most insurance company's it dont matter particurly if its turbo or not. I mean if u were goin to pay 2.5k insurance for a n/a wouldn't you rather get the turbo for an extra 500 a yr. Still doesnt put me off the line though . im sure ill get a better deal when i get round searchin. for now i think ill just turn a blind eye and keep on savin for the car + insurance

649 for 3rd pary isnt bad.. but i just know im gonna crash :Oops:

[DaGr81]

im not over 25, and i own a gts and gtst both wit full comprehensive, but as i said dads an insurance broker with broking business, got me a good deal, thats a good deal aami got going then, starting wit a rating of 4 nice as ice mate yeah so my insurance for the gtst is actually under my dads name so its only like 1600 or so , if ur gonna get a nice car, dont get third party wat if sum jealous fu-k scratches ur car bad, hows third party gonna help, the guy whos 16, i dont even reccommend going near a skyline till ur on ur greens, a non turbo still pretty powerful lol jkz

[dayne]

Checked my insurance papers today, and its infact $699 3rd party, and $849 for fire and theft..

$1399 excess....

And i get if the car is written off and im not at fault i get $3000 back..

Bonus is im allowed unlimited mod's as long as they're legal!

Which isnt to bad.

And yes, the insurance company really didn't care if it was turbo or non turbo... the fact that i was 16 is what they cared about.

Dayne

[dayne]

the guy whos 16, i dont even reccommend going near a skyline till ur on ur greens, a non turbo still pretty powerful lol jkz

I already have the car :wassup: , and am currently on a workers P's until next friday, which is when i will get my proper P's....

As i said, its got third party on it through just cars aswell! :wassup:

[rushs]

i'm with just cars... but i'm female, rating 1 and 25 so my insurance (come august) will be under $1k

location matters:

(1) when i was looking to buy mine, spoke to a girl who was selling her's and she was 27 and rating 1 - but she was paying $2k

(2) when i was looking to move, got a quote to see how much it would change if i switched subburbs, and it went up by like $600

[bLiNk]

i agree DaGr81, full comp is the only way. You cant expect to be a decent driver when you firsy start. Practice makes perfect. We may like to think we are real safe but in reality where the most dangerous ppls on the road and chances are were gonna crash eventually so comp is a must. 1600 for full comp is damn good for a gtst. When you ring up for a quote can you just blatently say, "hi i want to insure my car i drive everyday under my fathers name so i pay less", or do you have to diguise it a lil' ?

[DaGr81]

or u can just get ur dad to do it? hahaha man its not just about how carefully we drive, its about wat jealous fu-ks can and will do to our pride n joy, how cut will u be wen sum fag scratches ur car and uve only got third party? or how cut will u be wen u crash into sum1 and ur insurance only pays to fix the other persons car and urs has to stay in the garage until u can scrape together the money to get it running again, and being young people we are, we cant exactly afford for that to happen unless ofcourse our parents are loaded in which case u shud be driving a gtr and have full comprehensive at 7800 dollars for sum1 my age

im more scared of sum1 scratching my car

but yeah

[Tizzle]

when my r32 was non turbo i was 18 and rating 5 was paying about 350 third party. Now it has the series 2 rb25det in it im 19, and rating 4 and my insurance didnt rise at all, only my excess, although the insurance company did say that when i get the new policy in july (i changed halfway through my years payment) to expect that it may go up $10 or $20.

when i hit 20 though and rating 3 planning to go full comp just for peace of mind. only reason im not going full comp now is that just car insurance dont have pay by the month up here in qld.

[ASYLUM]

mine is about $850 per annum, fully comp. i'm over 25 and am with HBF

[stÖrmy]

whats this stuff about rating ??

[bLiNk]

whats this stuff about rating ??

If you dont claim on your insurance for a period of time your rating increases. eg rating 1 is say 60% off your premium. When you first start driving you are at rating 5 (i think) eg. 0% and if you have at fault accitdents your rating decreases meaning you pay a % more. It is a method insurance company's use to stop people claiming on very small amounts and also rewards long term customers.

I aint had insurance before but thats the way i understand it works

:jump:

[r33skylinegtst]

I was told by Just Cars i think, that the fact the car has a turbo only changes the policy by $200-$400. I managed to get insurance in my dad's name through another company. It also helped that the car was registered under his name as well.

He was the one who enquired about the insurance, because it would seem suss to an insurance company if you call up asking it to be under your dad's name. Just search around and you'll find something eventually.

[NA_R33]

im 19 rating 4 and pay 1800 bucks full comp its NA but in essence its in the same class as a turbo, my GTR on the other hand well lets say there not alot of change from 4k for insurance..

[scottman]

dayne

Mr.R33

i'm in the same boat as u man but i changed my Mine and got a Silvia and pasted on the skyline

I pay about the same so silvias and Skylines must be the same and yes just cars was the only ones to touch me to My silvias NA till i get my P's cause then no one has to ride with me and Mum won't Sit in a turbo She is Scared i'm Saving for motor atm still got 3 months till P's

Starting to think about a GTR r32 but i don't wanta get 3rd party on one so i'll have to wait till i'm like 21 at least

[Greg]

This may provoke some thought.

Suppose the car in question has a total market value of $16,000 (market value of car in stock form + market value of modifications)

SCENARIO 1 - FULL COMPREHENSIVE INSURANCE

Premium - $2,080

Car's insured value - $13,000

In the event of a write off:

Insurance payout: $13,000

Less excess paid: ($1,850)

Less premium lost: ($2,080)

Net amount recovered: $9,070

Recovery: 57%

SCENARIO 2 - 3rd PARTY PROPERTY INSURANCE

Premium - $400

In the event of a write off:

Salvage value of wreck: $5,000

Premium saved (ie by not paying full com): $1,680 (difference between full comp & 3rd party)

Excess saved (by not claiming): $1,850

Net amount recovered: $8,530

Recovery: 53%

SUMMARY

Try performing the above calculation with a premium of $4,000 and it soon becomes apparent that, in the above scenario you are actually better off without insurance (in the event of a write off).

As long as you can drive, full comp is not worth it in my opinion. Better insurance would be an excellent alarm system, a few advanced driver training courses and a skidpan day.

IMO full comp insurance becomes attractive:

a) when your car is worth more than $20k and/or

B) when your premium and excess are reasonable (ie rating 1 over 25)

ABOUT 3RD PARTY FIRE THEFT

Just Cars offered me $4,000 fire and theft cover. If you read the fine print, you will find that, for example, if your car is recovered from being stolen with $5,000 damage, the insurance company will declare your car a write off, pay you $4,000 and take your car. Well this is the understanding I got from reading the fine print, please correct me if I am wrong.

[bLiNk]

Thx heaps Greg. That really puts it into percpective. I just always just asumed having full comp in the event of a writeoff was by far the best option. But with that Logic and, dam thats some bloody good logic, it seems its pretty much never worth it for us youngens. That post is the single most helpful thing ive read on this whole site and we all know thats sayin alot.

Thx agian