Another insurance question for young drivers

[jaydee]

My 21 year old daughter has just purchased a Suzuki Swift for $7000 and my regular insurance company wants $700 (that's 10% of it's value) to insure it.

Just chasing the names of some company's that a 21 year old with a good driving record could go to that other young drivers can recommend.
Cheers.

[Yellow_Festiva]

Just pump the details through any online calculator you can find.

You will notice that a few share a very similar format / layout. I think that's because they are actually owned by the same company.

Try AAMI, Coles, Budget Direct.

For that value, would it worth going 3rd party property with fire and theft? I think they insure to $5k?

[2002au]

I'm 20 and my hilux and falcon are both with nrma. Both for around the 4-500 mark per year for full comp.

[Franco Cozzo]

Just Car Insurance has been the cheapest for me, you'll find its her age thats the problem.

[baker1]

Just cars is cheapest for me. 23 with v8 manual falcon ute for 650 a year comprehensive. And Ive had a claim before

[LG17]

What sort of excess are you blokes with the low figures on?

[05_ENFORCER]

Try an insurance broker

AAMI, HBF or RAC member??
.

[99AUXR]

Im 21 and pay NZ 1000 and excess is a further 1000, free class cover. Same insurance company since I had my first car and no claims has made my rates pretty cheap.

[Franco Cozzo]

Originally Posted by LG17

What sort of excess are you blokes with the low figures on?

$650 standard excess + $700 for under 25 male driver

Focus insured full comprehensive at $16,000 with:

- Intercooler
- Suspension modifications
- Turbo upgrade
- Full exhaust
- Rear sway bar

All listed on policy for $888/year.

[FGX335]

That's not so bad. I was 19 and bought a 1989 DA LTD for $5,500. Everyone wanted $2K+ to insure it, and NRMA was light years cheaper at $1,180. Still stupid money, but they have generally always been cheapest (except for 2014). Put my XR8 through them for around $600 a year, insured for $60K, but I am 33 now.

So $700 doesn't sound too bad, but just shop around to make sure that is the best price possible.

[jaydee]

Thanks guys, did some on line stuff.
Just Cars very expensive, got sick of doing so many so I went to Meerkats, Comparethemarket.com.au what a saviour, Budget at $526.
"Winner of Money Magazine's Cheapest Car Insurance - 2014 & 2015. Winner CANSTAR award for Outstanding Value Car Insurance 2007-2014. Winner of ServiceRage award for Australia's Happiest Car & Home Insurance Customers 2014"

[LG17]

Originally Posted by Big Damo

$650 standard excess + $700 for under 25 male driver

Focus insured full comprehensive at $16,000 with:

- Intercooler
- Suspension modifications
- Turbo upgrade
- Full exhaust
- Rear sway bar

All listed on policy for $888/year.

Thanks!
That explains the cheaper prices.
Those excesses are high for mine.