Insurance, What Are You Paying????

[EVL BOS]

Originally Posted by Yaw

what you paid for it is not relevant to the market value of it. It just means you paid more than you should have.

I don't mean that to insult or offend. Its just factual information.

yeah i understand that but as i said to the woman try finding me an xr8 with what mine has for "market value" and i would buy it and i wasn't being rude i was serious, i think what ever resources racv use for the market values need updating cause either its out of touch with the market or the market is out of touch with it self

[WannabeXP]

Car as per sig
Warrnambool, 20 Y.O, No mods bar Gas, $1100 on AAMI
Will be shopping around when its due thats for sure!!!
Cheers Jason

[Yaw]

Originally Posted by EVL BOS

yeah i understand that but as i said to the woman try finding me an xr8 with what mine has for "market value" and i would buy it and i wasn't being rude i was serious, i think what ever resources racv use for the market values need updating cause either its out of touch with the market or the market is out of touch with it self

Usually Glasses Guide or Redbook. both of which are industry recognised.

The data in these publications is updated monthly based on actual sale average sale prices obtained from offical statistics. Keep in mind that Advertised prices that you see in sales ads are usually not the sale price of the vehicle.

[sxckevo]

20/M BA SR $1300 full comp RACV , down from $2100 two years ago. denfinatly to that

Just got my new ute insured for $400 fire/theft RACV, wasnt going to pay a grand a year for a car that cost me $3200

[nfury8]

i pay $550 for full comp used for business on my ba xr8 ute with mods thru AAMI, but i have increased my excess to a total of $2100

[Bakis]

On my XR6 when i was aged between 18 - 21 and dad was main driver and i was secondary i was paying $1100 and Value was $8k, with Shannons.

Now with the Mazda its totally under my name full comp, Agreed value of $33K i pay $1516 and that's at 22yo. Also with Shannons

[EB#]

m/43
North Coast NSW
GIO comprehensive
'03 BA XR6 N/A sedan, modified
Agreed value ($16k I think)
$545 premium
$600 excess

[michael_ozzie]

m/22
N/W Melbourne
RACV comprehensive
As per sig, agreed value (10k)
$945 excess
$850 premium

[prydey]

m/33
Adelaide
CGU insurance (through credit union) full comprehensive
FG XR6
market value
std excess
premium = $530.

also
06 LS Focus LX
market value
std excess
premium = $580

bit puzzling that the fg is almost double the value of the focus and yet the premium is about $50 less.

[sleek7]

m/23
Melbourne
RACV full comp Rating 1. Covers all mods so long as they are legal/roadworthy.
06' BF XR6 turbo
Market val - $1132 premium with $750 excess. The year before premium was $1700...

[hiper]

got this when i was 25 (now 26) so im hoping it goes down a bit

NE melb
CGU full comp
BF XR8 - wheels covered
market value
basic excess $500
1453pa

[jmack]

2 xr8s,xw.xf ghia and the harley 2200 the lot with lsv 38yo limited use as drive company vehicle 6 days a week,all modified,s,chargers,lowered mags etc

[ten[A]cio[U]s]

NRMA - EB 5L Ghia - $600 with agreed value $4017 and car hire and no excess window repair.

GIO - AU 4L Mont with Mods covered - $750 with agreed value $15,000

I will be putting the AU on NRMA next year as it will be around the $650 mark.


22 year old driver.

[Grippy]

Just cars, $1,200 premium, $500 excess, 25 years old

[superpursuit83]

Company ute SGIO

Fully approved blown V8 $620 premium. $750 excess now. (Broke a few bumpers )

[Neeek]

65 Galaxie left-hooker, fully comp, valued at $25,000, garaged, less than 10,000km per annum, 34 year old main driver, no drivers under 30 (although anyone over 30 is covered, I think), $250 excess, no idea about No Claim Discount, costs me $325 a year.

[SLO AU XR8]

22 yr old male, AU XR8 manual, mods listed, $8k agreed value. $890 p/a, $1k excess.

[pauljh74]

I ran a quote through Youi - keeping in mind my insurance is $1073.
My car is garaged at home, parked on company premises during the day when at work, does less than 15000km/year, yet the quote was $1800

[MexicanBatman]

CGU $680pa

29 m very high rish suburb in Melbourne

G6E turbo

Interestingly much much much cheaper than anywhere else, previous insurer shannons which were cheap on previous cars wanted 1k more

[DJM83]

Cant beleive some of the premiums paid here. I guess age is a big factor, when i got my old T2 TE50 in 2006 i was 23 first year of insurance was $1800~. It was still about $900 when i got rid of it, so my XR5 is cheaper and insured for twice as much

[csv8]

Originally Posted by prydey

m/33
Adelaide
CGU insurance (through credit union) full comprehensive
FG XR6
market value
std excess
premium = $530.

also
06 LS Focus LX
market value
std excess
premium = $580

bit puzzling that the fg is almost double the value of the focus and yet the premium is about $50 less.

I have the same problem with my Fez and the Fairmont Ghia. AAMI told me "its because the Fez is European and parts are more expensive and harder to source than a Falcon model"

[v8 hurricane]

AAMI - 900 bucks

2008 FG XT - 20,000km
20y/o with claim in 2008
safe driver reward discount
full comprehensive
around 1000+ excess

[NFURY8 Ute]

Originally Posted by SM1DY

BA MKII XR8 Ute
22yr old, Gold Coast
Agreed $23K $1088pa $800 excess
No history on any violations or claims

whos that with?

[sgt_doofey]

Originally Posted by csv8

I have the same problem with my Fez and the Fairmont Ghia. AAMI told me "its because the Fez is European and parts are more expensive and harder to source than a Falcon model"

Funny thing is, our 2006 Peugeot isn't much more expensive to insure than my 14yo Falcon? Difference is $80pa. Being a Euro, I would have thought that the cost difference would have been higher than that. Falcon = $400pa. Peugeot = $480pa.

[seduced_xr]

18 $1980 a year 2003 BA falcon agreed at 26k

[Glen 5150]

Originally Posted by DJM83

Cant beleive some of the premiums paid here. I guess age is a big factor, when i got my old T2 TE50 in 2006 i was 23 first year of insurance was $1800~. It was still about $900 when i got rid of it, so my XR5 is cheaper and insured for twice as much

Yeah the prices here are unbelievable. Thats one of the main reasons i started the thread to give blokes a bit of guide, and maybe give them some incentive to shop around. I realize its all to do with age/history/postcode, but some of these prices are all over the place. But i guess its all relative? In 1989, i was 19 and owned a 1986 AS Telstar TX5 turbo and it was regarded as a performance car (stop laughing!!!). I think the insurance was around $800-$900, which was a hell of a lot of money for 1989. So i guess when you see young blokes paying $2000+, maybe insurance hasnt gone up that much at all in 20 odd years?

[Bushbasher]

Both cars in my sig. with all listed mods, youngest driver 37yo, with CGU, 60% NCB, $300 basic excess, 1 free windscreen a year per car for $900 pa. Can make 1 claim per 12 month billing cycle and not lose NCB. Eg, made 2 claims in 2 years on my old NF, second time a write off, both roo strikes and still got to keep the NCB. can't complain about that.


Bushbasher

[BPXR6T]

Shannons done the best deal for my bunch of cars,

XB GT - $150(laid up cover)
Porsche Boxster - $800(limited use policy)
Nissan Navara 4x4 - $312(daily driver)
XH Panel Van - $450(daily driver)
XF Falcon Ute - $102(daily driver)

I'm rating 1 65% no claim bonus which makes a huge difference. I done an only quote for the Navara the other day with 0% no claim and it came to $1245. I done it again with 65% no claim bonus and it came to $500. Then when I called they took into account my other policies and dropped it to $312.