Car Insurance

[Eav00l]

Hi guys,

i know there is a 100 topics on this but here is my situation.

because ive claimed a theft in the last 12months i cant get insurance.,

the only place is Just cars, cost me $1930 and insured for $19500

i literally cant find any other place to do it.

I have tried

young and kool

famous

unique

shannons

nrma

gio

suncorp

aami

does any one know anywhere where i might get a reasonable amount for being insured i mean i dont mind paying th $2000 but for $20,000 thats a bit rich.

PLEASE IM DYING HERE

[Beer Baron]

mate, i hate to say it but i'm not surpised. that's the way it goes.

[raz0r$harP.UK]

That's not a terribly excessive amount. And you are able to negotiate the value somewhat with Just Cars provided you give some good reasons.

[Blitz]

Why did you not organise your insurance before buying the car?

Futhermore im not sure why you are complaining about the price after your last insurer paid out "$30-40k" for your last GTS-T

Like Beer Baron, I am not surprised.

[Beer Baron]

I'm am actually surprised it's so cheap!! do they know about your previous car? $2k a year is not too bad i reckon over all.

[Links]

How old are you? How long have you had your license? Have you had insurance before?

I'm 22 - with Just Cars - 50% no claim - $2000 insured for $21,000.. welcome to Sydney and it's insurance prices.. not much you can do..

Sorry if i'm sounding rude - but unfortunately if you own a turbo import that's what they charge.. alot of places won't touch them - NRMA and AAMI for one..

NRMA - must be sold in production in Australia

AAMI - default you to Just Cars as they underwrite them..

Famous - have trouble competing with Just Cars if you haven't had insurance before as they won't give you a decent no-claim..

Edited September 20, 2005 by Links

[LANFOH]

2k sounds about right, but theres heaps of variables they look at to determine this ie age, previous claims, area you leave the car,driving record etc etc. How old are you? if your under 25 this is cheap. And if you got 30-40 k pay out what are you worried about?

[Eav00l]

im 23, the $2000 premium is not a problem its more the fact they will only insure me for $19000 for the car.

[Beer Baron]

it's a 33 GTST right?

[Ronin 09]

im 23, the $2000 premium is not a problem its more the fact they will only insure me for $19000 for the car.

<{POST_SNAPBACK}>

that's market value on a 33... ?

[Beer Baron]

yeah, but when you have previously insured a car for $40k then received that payout when the car dissapeared i imagine it would be hard to settle for $19K.

[Links]

Insurance companies use a market bracket system - what year is your car? they also look at how much you paid and than come to an agreement with you.

My 1998 R33 has a market value bracket of $20,000 - $23,000, unless yours is similar to this - I would expect the market value to be the same.

Unfortunately that's how they work - you will also find that the following year the market value will drop.. it's the way it goes..

If you feel it is worth more - than you need to have a chat to them and possibly they will raise it, thing is it will be difficult to get it above the bracket for market value..

Edited September 21, 2005 by Links

[Ronin 09]

yep but if you raise the agreed value your premium goes up...

[Eav00l]

yes 93 r33 gtst

[TommO]

I reckon $2k a year is about on par with what everone in sydney and within the range for that car.

[siksII]

well how much did u buy the car for?

and do u have evidence that you bought it for that much, ie. wrote it down for paying stamp duty when you bought the car?

[Liz]

yeah i agree 2k isn't bad, specially after a big pay out.

[siksII]

i dont see why you would want to insure it for more than 19k, seeing that most 95gtsts sell for less than that, and there is no hard value u can put on them ie. redbook.

hence the question who much did u get it for..

and if u did get get it for more im pretty sure u would have to have some proof that u did pay more for it, ie stamp duty when u bought the car.

[silver gts-t]

i just got off the phone to just cars, they want $3100+ to insure me for $14000....they can go pull themselves

count yourself lucky

[Blitz]

i just got off the phone to just cars, they want $3100+ to insure me for $14000....they can go pull themselves

count yourself lucky

How old are you John? How much NCB? Hows your driving history?