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Old 09-03-2015, 09:28 AM   #1
jaydee
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Question Another insurance question for young drivers

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.
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Old 09-03-2015, 09:33 AM   #2
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Default Re: Another insurance question for young drivers

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?
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Old 09-03-2015, 10:38 AM   #3
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Default Re: Another insurance question for young drivers

I'm 20 and my hilux and falcon are both with nrma. Both for around the 4-500 mark per year for full comp.
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Old 09-03-2015, 11:20 AM   #4
Franco Cozzo
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Default Re: Another insurance question for young drivers

Just Car Insurance has been the cheapest for me, you'll find its her age thats the problem.
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Old 09-03-2015, 03:00 PM   #5
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Default Re: Another insurance question for young drivers

Just cars is cheapest for me. 23 with v8 manual falcon ute for 650 a year comprehensive. And Ive had a claim before
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Old 09-03-2015, 03:10 PM   #6
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Default Re: Another insurance question for young drivers

What sort of excess are you blokes with the low figures on?
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Old 09-03-2015, 03:27 PM   #7
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Default Re: Another insurance question for young drivers

Try an insurance broker

AAMI, HBF or RAC member??
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Old 09-03-2015, 04:45 PM   #8
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Default Re: Another insurance question for young drivers

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.
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Old 09-03-2015, 04:47 PM   #9
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Default Re: Another insurance question for young drivers

Quote:
Originally Posted by LG17 View Post
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.
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Old 09-03-2015, 05:35 PM   #10
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Default Re: Another insurance question for young drivers

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.
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Old 09-03-2015, 07:35 PM   #11
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Default Re: Another insurance question for young drivers

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"
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Old 09-03-2015, 07:47 PM   #12
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Default Re: Another insurance question for young drivers

Quote:
Originally Posted by Big Damo View Post
$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.
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