Insurance! Help Desperately Needed!

[last fairlane]

Im in my sixties
I have been paying insurance since the seventies
and never had a claim
$100 for an AP5 Valiant valued at $600 in 73
and at the time I was earning $150 a week
then i bought a 327 Monaro in 1975 and I paid
$1750 for it yes thats correct in a car yard
and the insurance was $1000 a year as it was classed as a sports car
even though I was married with 3 kids I was still classed as a hoon with a sports car
so todays insurance costs of $2000 for an 18 year old
are pretty cheap in comparison
today I pay $300 for the Mrs BA Ghia($20k)
and $280 for my AU Monty($7K)
and the midlife crisis car costs me $180 a year for the 66 T bird($15k)
on club rego
thanks john

[Zaxx]

Originally Posted by seduced_xr

ive got insurance coming up considering what i make a week im going without big time, that said tho once i get over this and rego in november im free until august next year with all my bills

just do what i do, do as much over time as you can to make a years worth of insurance, then cut back down again.

Exactly. Saved since I was 14 too. (Must be a good time to start :P)

But, yes Mick, I can afford the XR.
And.. The Mods i've done to it, and the Mods I plan to do to it..
2k+ Insurance is a little hefty for anyones standards don't ya think?


Anyway, update is I got a very good price through QBE..
So now, cheaper insurance, which leaves money left over.

Pacemaker 4490's here I come?

[Full Noise]

Originally Posted by kermey

If you can not afford the insurance you cant afford the car!

Best advice ever.

My advice is to sell it. Buy an XT or Futura if you really want a BA Falcon. Then after you’ve crashed it a few times and have a few miles under your belt, then get an XR6.

I wouldn’t go thinking that you’re being hard done by either. The decision to basically price you out of insurance could be the one thing that stops you from killing yourself.

When I was 17, I had the cash to buy an immaculate HZ GTS that had 65,000 k’s on her. My mother wouldn’t help me with insurance and had no option but to let it go. I was an apprentice mechanic and just couldn’t come up with the coin for insurance, so I couldn’t have the car. Simple as that.

This probably stopped me from killing myself.

[minheim]

It is excellent that you are conscious of the need to insure but if you have modded the vehicle and have more mods in mind then I trust you have notified those to your insurer otherwise any claim may be voided.

That said, impressive that you have saved and bought a relatively new and safe car prior to getting your licence. That shows both foresight and discipline.

[XR6Runner]

Hey, Im 22 and I've got a 2006 BF XR6 Turbo. I'm with NRMA and I'm paying $2472 a year and my excess is $700. I don't know, I might have lucked out, but I just got the quote online, called up with the reference number, they asked a few questions and bang, all done. Nobody else listed as the driver, just me.

I went online to get quotes for many different companies, and NRMA gave me the best deal! You should do the same! Good luck!

EDIT: Forgot to mention, its insured for $25,000

[XR6Runner]

Originally Posted by One Six

Exactly. Saved since I was 14 too. (Must be a good time to start :P)

But, yes Mick, I can afford the XR.
And.. The Mods i've done to it, and the Mods I plan to do to it..
2k+ Insurance is a little hefty for anyones standards don't ya think?


Anyway, update is I got a very good price through QBE..
So now, cheaper insurance, which leaves money left over.

Pacemaker 4490's here I come?

You say you can't afford the insurance, how can you afford all your modifications? Are your parents paying for everything?

[FordFalconBF]

Originally Posted by XR6Runner

You say you can't afford the insurance, how can you afford all your modifications? Are your parents paying for everything?

Hope your telling the insurance company about all your mods, because if you have a accident and they find out it's got mods you haven't told them about they won't pay out! Something to think about.

[cjf]

A lot of P plater bashing going on here this thread needs to be closed.

[SEZ213]

I think well done to you for having the ability to save...hell, I never did...and now I drive a pullstart...however, check out AAMI if you're still looking, with modifications, just cars is undewritten by AAMI (a little more expensive), but I've always found AAMI to have the cheapest premiums - and if you own your car outright, it should be a little cheaper again...good luck!

[Full Noise]

Originally Posted by cjf

A lot of P plater bashing going on here this thread needs to be closed.

The OP wanted advice and from what I can see, he’s getting advice.

Why should the thread be closed because you think that there’s “P plate” bashing?

[SVD]

Originally Posted by Iggypoppin'

I had full comprehensive insurance on my BA XR6 for 794 per year, 2500$ excess. Sometimes you just can't win

in reality sometimes it just pays to not drive a 'high risk' vehicle on P's!
i pay just shy of $2k for my three cars only one of which is standard:
My Pulsar SSS (1988) is listed under me with me as driver and all mods listed (exhaust, suspension, brakes, stereo, wheels)
that is $560 full comp agreed value ($4,000, $1200 excess)
My TRX Bluebird is as above, also all mods covered (twin SU's, extractors, exhaust, suspension, brakes, wheels, stereo, interior seats)
that is $670 full comp agreed value ($6,500, $850 excess)
And my EF Ghia is as above no mods is covered for the price of $745 market value, which is more then i could ever sell it for ($5,500, $1000 excess)

All that is with AAMI (in Melbourne) Im only 20, but! some insurers give you discounts for completing driver training and what not i got a 15% decrease in my insurance and premiums by completing their driver training which was free...

'High risk' p-plate cars will carry high insurance and excess's, it is that simple, don't like it, don't own one.

Good luck with the insurance hunt!

[GasoLane]

Originally Posted by cjf

A lot of P plater bashing going on here this thread needs to be closed.

Hmm, I've just read all the posts. Which one(s) were P plater bashing?

[The G6ET Spot]

Originally Posted by Full Noise

Best advice ever.

My advice is to sell it. Buy an XT or Futura if you really want a BA Falcon. Then after you’ve crashed it a few times and have a few miles under your belt, then get an XR6.

I wouldn’t go thinking that you’re being hard done by either. The decision to basically price you out of insurance could be the one thing that stops you from killing yourself.

Why would pricing him out of insurance for an XR6 possibly stop him from killing himself over an XT or Futura. They are all the same car except for the body kit for crying out loud.

Maybe you should think about what you are going to say before writing it.

[tranquilized]

Well firstly, just up the page the OP said he has his insurance sorted, so good work there.

Just an observation though: whats the point in owning an XR6 as a P Plater? Why not just drive an XT or Fairmont? With a few minor mods (wheels & suspention) you'll have immediately surpassed an XR6 performance-wise, but without (I assume) the huge insurance premiums.

[Franco Cozzo]

Dad originally had me under his name on my car but AAMI told him I won't be covered if I have an accident, so its going up to $2040 a year now for my 09 Fiesta from $530...

I'm thinking of just getting an old banger, chucking on 3rd party insurance.

[DJM83]

Originally Posted by seduced_xr

i had a BA XR6 a week after i got my Ps.

their like $15 000. i saved since i was 14 to get one.. i keep trying to tell people.. just because i have the car doesnt mean i have money, its all in the car lol

there lies the problem, you spent outside your budget, i mean who buys a car without adding in the insurance, rego etc? Yeah its all well and good 'Ive got an XR6 and im on my L/P's rah rah, but i cant afford to insure and regsiter it. IMO these 2 factors should always be taken into account when purchasing a car. Ive always done so, i bought my T2 TE50 when i was 22 and yeah the insurance was high $1900~ i could still afford it.
Moral to the story do your reasearch b efore buying simple.

[tranquilized]

Originally Posted by Big Damo

Dad originally had me under his name on my car but AAMI told him I won't be covered if I have an accident, so its going up to $2040 a year now for my 09 Fiesta from $530...

I'm thinking of just getting an old banger, chucking on 3rd party insurance.

Insurance companies dictating what people drive makes me sick. This is a perfect example of a young driver being forced out of a totally sensible and safe, clean modern car, into some 'old banger' just because of insurance company statistics. Young drivers in modern non performance cars should have access to affordable insurance.

[Full Noise]

Originally Posted by The G6ET Spot

Why would pricing him out of insurance for an XR6 possibly stop him from killing himself over an XT or Futura. They are all the same car except for the body kit for crying out loud.

Maybe you should think about what you are going to say before writing it.

My mistake and thanks for pointing that out. For some reason I thought that he was talking about an XR6 T, not a standard XR6.

Having said that, I don’t back away from anything else I’ve said in the post.

[hawke]

If you put your car in someone elses name, and that person has no financial interest in its loss or damage, the insurer can legitimatly claim that their insured has no insurable interest in the car, and choose not to pay.

The principal issue is that while an insurable interest is not requried at the start of the poilcy, one is certinally needed when the loss occurs.

Be careful.

[SVD]

Originally Posted by The G6ET Spot

Why would pricing him out of insurance for an XR6 possibly stop him from killing himself over an XT or Futura. They are all the same car except for the body kit for crying out loud.

Maybe you should think about what you are going to say before writing it.

True they may be the same car mechanically, but i believe just the Badge (XR...) gives younger owners a bigger Ego. It happened to a mate of mine, just because it was an XR he thought it was about 11ty billion times quicker and better handling and more powerful then just a XT, think about what a p-plater is more likely to say to his/her mates 'come on ill go show you what my new XR! can do, its a sports car!!!' or... 'come on ill go show you what my XT can do! its a stock base spec car!'

my 2c's


And further more, insurance companies don't dictate what people drive, people dictate what people can drive.
And if you want the insurance companies not to see an XR as a non performance car, then tell Ford to stop marketing them as one.

[talkativebanana]

It is interesting to see just how many parents feel that it is ok to have their child's car insured under their own names without having them listed as a driver. If the child is the registered owner of the car the insurance policy needs to be under their own name as a policy holder (the child is the one with the insurable interest - the rightful owner of the car, and the one who would get paid in the event of a claim).

Further to this while admittedly nobody likes paying insurance, it is a necessary evil. However all insurance companies have their guidelines that they operate by. And like any company does they will have 'target markets' determined through what they see to be acceptable risks and they will therefore price accordingly. If you get a quote off an insurance company that you find too high or unreasonable they do it for a reason. Chances are there is a company out there that is more suited to taking on your particular risk and will therefore charge a better premium.

The bottom line here is that you need to be honest when you are insuring anything or else when it comes time to claim you will be in for a world of hurt. You don't want to be in a situation where you're insurance is treated as not having existed just because you didn't tell them that your child is actually a driver of the car.

Good to see the P-Platers & Learners with so much common sense when it comes to buying safe modern cars and covering their buts when it comes to insuring them! Enjoy driving once your on your P's One Six!

[SLO AU XR8]

Originally Posted by DJM83

there lies the problem, you spent outside your budget, i mean who buys a car without adding in the insurance, rego etc? Yeah its all well and good 'Ive got an XR6 and im on my L/P's rah rah, but i cant afford to insure and regsiter it. IMO these 2 factors should always be taken into account when purchasing a car. Ive always done so, i bought my T2 TE50 when i was 22 and yeah the insurance was high $1900~ i could still afford it.
Moral to the story do your reasearch b efore buying simple.

Great post Dallas! I'm in a similar position to you. I bought my XR8 when I was 19, Insurance was $2200/yr, but now (3 yrs later, I'm 22) is $1200/yr for $14k. It would cost my parents $100 less for full comp @ $14k on an AU XR8!

[seduced_xr]

Deffinately think you need to get out of this thread full noise, nice P plater bashing.. we're only allowed to have an XT and we're going to crash it hey..

in the year ive had my BA ive put 1 2cm mark on the rear bar. by reversing into a bin full speed... (dumb ****).

[Zaxx]

Originally Posted by seduced_xr

Deffinately think you need to get out of this thread full noise, nice P plater bashing.. we're only allowed to have an XT and we're going to crash it hey..

in the year ive had my BA ive put 1 2cm mark on the rear bar. by reversing into a bin full speed... (dumb ****).

Aha.
I really didn't expect this to go the way it has.
And to be frank, let em' bash us all they want. I honestly couldn't care less.

And for those who think I didn't factor it in?
I bought it before my L's and rang the insurance people. The prices they gave were more than reasonable.
It was the hidden stuff that popped up when I rang to change it to P's.
Hence, I changed insurance.

To Full Noise. XT, Fairmont, XR.. Exact same car minus Body Kit.
And to be honest, I like the look of the XR's as i'm sure SeducedXR would agree. The interior, the body, all that blah blah.. XT's just not the same?

And so what? Maybe we aim a little higher than other P platers? But good for us I say. Because I think it's the P platers like us, (Me and Seduced) That actually respect the cars they've worked their asses off for >_<

For whoever, questioned mods. They've all been declared..

And for whoever asked if my Parents were paying for it.
I say nopes. I'm still at school and I work every night til well past 9.
So I can afford the few mods i've done, each of which I research before conducting them, so I know it's worthwhile.


..

[Zaxx]

Originally Posted by talkativebanana

It is interesting to see just how many parents feel that it is ok to have their child's car insured under their own names without having them listed as a driver. If the child is the registered owner of the car the insurance policy needs to be under their own name as a policy holder (the child is the one with the insurable interest - the rightful owner of the car, and the one who would get paid in the event of a claim).

Further to this while admittedly nobody likes paying insurance, it is a necessary evil. However all insurance companies have their guidelines that they operate by. And like any company does they will have 'target markets' determined through what they see to be acceptable risks and they will therefore price accordingly. If you get a quote off an insurance company that you find too high or unreasonable they do it for a reason. Chances are there is a company out there that is more suited to taking on your particular risk and will therefore charge a better premium.

The bottom line here is that you need to be honest when you are insuring anything or else when it comes time to claim you will be in for a world of hurt. You don't want to be in a situation where you're insurance is treated as not having existed just because you didn't tell them that your child is actually a driver of the car.

Good to see the P-Platers & Learners with so much common sense when it comes to buying safe modern cars and covering their buts when it comes to insuring them! Enjoy driving once your on your P's One Six!

Thanks mate.
And as i've said in a post or so above, the insurance issue is sorted, and i'll be keeping her, and looking after her.
And yeah, as you said, i'd rather be in a modern car, not just for looks and comfortability (If that's a word o_O) But for the safety aspect of things as well, and without the chance of it dying on any given occasion.

I know a few P platers, that have just stuck their cars under third party insurance. And some that haven't even bothered to do that.
Which I think is a tad silly, not to mention unresponsible.
You smash up another blokes car, and you've got third party. Fine. He's covered. But you?
Not sure many P platers, have the money to replace a car, and if it's a decent car that they've outlayed a bit of cash for, then the repercussions of paying that back, could devastate them financially for years.

I had to have Full Comp on mine. And I doubt i'd have had it any other way.

Enjoy driving once your on your P's One Six!

Thankyou I most certainly will.
Not too long now :P

[Zaxx]

Originally Posted by minheim

It is excellent that you are conscious of the need to insure but if you have modded the vehicle and have more mods in mind then I trust you have notified those to your insurer otherwise any claim may be voided.

That said, impressive that you have saved and bought a relatively new and safe car prior to getting your licence. That shows both foresight and discipline.

Thankyou kind sir.

And yeah, all been declared, and noted.
All when we changed insurers, we told them.

[Feathers]

Not sure where you're located, but have you also made sure that the mods you have/are planning are legal for you to have as a P plater?

[Full Noise]

Originally Posted by seduced_xr

Deffinately think you need to get out of this thread full noise, nice P plater bashing.. we're only allowed to have an XT and we're going to crash it hey..

Stop sooking like a girl. I couldn’t care less what you drive but I bet that you’ll eventually crash it, hopefully only in a minor way.

Originally Posted by seduced_xr

in the year ive had my BA ive put 1 2cm mark on the rear bar. by reversing into a bin full speed... (dumb ****).

Originally Posted by seduced_xr

BA Falcon XR6 in Winter White, 4 Speed Auto - Premium Sound, Reverse Sensors, Custom Plates, GT spoiler, "XR" Style Ford Badges, Silver Upper and Lower Grill, BF Tail Lights, Blue LED Interior Lights, XR6T catback, DBA 4000 Slotted Rotors, 20% tint

Wow, you backed into a rubbish bin. What do you want, a medal or a chest to pin it on? Maybe that GT rear spoiler shorted out your super flash reverse sensors or the vibration from your “fully sick” premium sub caused your rear view mirror fall off.

You could always try looking over your shoulder when you reverse.

[RepSpec]

hate to say it mate but get used to paying high premiums until your 25.

im 23 turning 24 in december and have a bog stock BAmk2 dedicated lpg wagon. im paying just shy of $1000 full comp with a rating 1. but the excess is still $900.

death, taxes and bills. unless you win tattslotto, its never gonna get better

[Franco Cozzo]

Falcon, Fiesta or Jap Import, insurance is still going to kick you in the groin when you're 18, doesn't matter what you drive. Third party is cheap for us but who wants third party on their $15,000 car?

Insurance companies prefer we don't own or drive cars it seems.