WHat is it with insurance? XR8 vs SS utes

[markb]

Hi,

I'm currentl;y weighing up purchasing an AUIII XR8 ute vs VUSII SS and wanting to look at TCO.

So I get insurance quotes..

AAMI -

SS ute - $1100 pa
XR8 - $2200 WTF!

so SS it is. but I thought I'll go check NRMA

XR8 - $1100
SS ute - $2200 WTF!!!!

What is going on with these mullet heads...is NRMA a holden sponsor and visa versa...

[The Monty]

Insurance companies are whack.
I applied for a quote for insurance if I turboed my car, haed work, cam work, engine work, gearbox work, the absoloute lot that I could tick in the way of mods, and it ended up being $10 per annum cheaper than what I was already paying, no excess change. Work that one out.

[SpoolMan]

Originally Posted by markb

Hi,

I'm currentl;y weighing up purchasing an AUIII XR8 ute vs VUSII SS and wanting to look at TCO.

So I get insurance quotes..

AAMI -

SS ute - $1100 pa
XR8 - $2200 WTF!

so SS it is. but I thought I'll go check NRMA

XR8 - $1100
SS ute - $2200 WTF!!!!

What is going on with these mullet heads...is NRMA a holden sponsor and visa versa...

My brother is 23yo pays $1350 for his BA XR8 with just car insurance and he can have modifications.

[Addz08]

I'm 26 y/o and im paying $1135 for a BA XR8 ute...

[Peuty]

I'm 21 and am paying 1300ish for my XR8 with mods.

[markb]

Originally Posted by Addz08

I'm 26 y/o and im paying $1135 for a BA XR8 ute...

I'm being ripped I expect.. 36 y/o in Sydney (this is probably the issue).

Just weird that the quotes were essentially reversed depending on the company.

[T3rminator]

At age 25 I was looking for a change of cars and rang around to get insurance quotes on a number of cars.

New BA XR8 ute, value $38,000 = premium $1,000pa
95 Holden commodore vs ss, value $15,000 = premium $2,800pa

I asked the operator why a cheaper car with less power was so much more expensive, and why the premium changes on a daily basis.

The answer she gave me was that they don't look purely on the value of the car. Most of the premium is actually calculated off the claims database. Makes sense, the SS was more affordable to inexperience drivers and a lot more claims made. The BA XR8 was new and i guess hardly any claims made. The claims database is updated on a daily basis hence why premium can fluctuate. That is how it was explained to me. I'm guessing NRMA and AAMI maintain seperate databases.

[Bent8]

How's this for whacked in the head...

This was back in Dec 06, both quotes are from the RAC...
My previous car, 02 BA XT (V8) with mods insured for $19,000 cost me $104/mth.

My current ride (2003 BA XR8 with mods) insured for $28,000 costs me $84/mth!!!...this is for a 29yo with no accident history or speeding fines

[DJM83]

New policy taken out soon with Just cars, 1400 p/a 24yo male for my T2 TE50

[Josh_XC]

My BF XR8 is 1100 pa. And im 21. This is with AAMI.
NRMA quotes me 3200 pa. WTF

[XR8 Uterous]

$250 p/a Full comp for a 18yo with a modified EL XR6 insured for 12k.

I'm on my dads works fleet policy

[formerly]

Just got my new BFII XR8 Ute..... NRMA renewal (was in BA XR8 auto) 2300 yet quoted 1800 over the phone.

Rang aami and paying $750 with higher agreed value and hire car included.

And i'm 25 living in Sydney......

easy decision!

[DJM83]

Originally Posted by Josh_XC

My BF XR8 is 1100 pa. And im 21. This is with AAMI.
NRMA quotes me 3200 pa. WTF

Didnt think AAMI insured Under 25's with V8's. I asked them when i had my old AUII XR6 and they wouldnt even insure that :

[Bitmap]

Originally Posted by TE50 056

Didnt think AAMI insured Under 25's with V8's. I asked them when i had my old AUII XR6 and they wouldnt even insure that :

AAMI changed this. They will now insure under 25's but a higher excess if they have a prang. I believe they changed this last year, as originally my wife could not be on my policy (under 25) and I checked with them when I renewed my insurance last year and they said that she now could but with an extra excess.

[Josh_XC]

Originally Posted by TE50 056

Didnt think AAMI insured Under 25's with V8's. I asked them when i had my old AUII XR6 and they wouldnt even insure that :

Yeh they did change this recently. They do now insure under 25's who drive V8's but the excess is a bit higher. If i stuff the car my excess it 1200 dollars, which aint to bad. But i have to talk to them about mod's as i have no idea on there stand on modification for the car.

Do anyone know AAMI's stand on car mods when there under 25

[GTP-814]

Originally Posted by markb

Hi,

I'm currentl;y weighing up purchasing an AUIII XR8 ute vs VUSII SS and wanting to look at TCO.

So I get insurance quotes..

AAMI -

SS ute - $1100 pa
XR8 - $2200 WTF!

so SS it is. but I thought I'll go check NRMA

XR8 - $1100
SS ute - $2200 WTF!!!!

What is going on with these mullet heads...is NRMA a holden sponsor and visa versa...

try Ryno Insurance in Brisbane. You will be surprised on the difference

[Addz08]

Originally Posted by markb

I'm being ripped I expect.. 36 y/o in Sydney (this is probably the issue).

Just weird that the quotes were essentially reversed depending on the company.

yeah mate i,d say Sydney may be the issue, possibly higher rate of theft.. etc

[deesun]

Originally Posted by T3rminator

The answer she gave me was that they don't look purely on the value of the car. Most of the premium is actually calculated off the claims database. Makes sense, the SS was more affordable to inexperience drivers and a lot more claims made. The BA XR8 was new and i guess hardly any claims made. The claims database is updated on a daily basis hence why premium can fluctuate. That is how it was explained to me. I'm guessing NRMA and AAMI maintain seperate databases.

On this basis a VL should cost $10,000 a year to insure, Wouldn't mind betting theres a lot of VL's running around without insurance at all.

[HLC]

my car isnt even in my name lol

and its 1200 p/a full comp.

with mods as long as they are roadworthy according to NRMA.

only had one infringment. and im 20.

[Patrol351]

Originally Posted by Josh_XC

My BF XR8 is 1100 pa. And im 21. This is with AAMI.
NRMA quotes me 3200 pa. WTF

AAMI quoted me 5000 for BF xr8 and i'm 26 :S

[Josh_XC]

Originally Posted by Patrol351

AAMI quoted me 5000 for BF xr8 and i'm 26 :S

Umm wtf are u serious. How long ago though and whats ur driving record?

I actually called AAMI today and asked about mod's. If i wanna put a CAI on my car its gonna increase my insurance cost by 950 dollars pa. WTF. Where do they pull these numbers from.

Can anyone recommend a good insurance company that will insure a person under 25 driving a V8 and wants to do mods that wont cost 1000 dollars per mod

[Lukeyson]

I am 26, paying $770 for AUII XR8 with agreed value of $20k, thats with NRMA

[sprjenkins]

Originally Posted by Josh_XC

Umm wtf are u serious. How long ago though and whats ur driving record?

I actually called AAMI today and asked about mod's. If i wanna put a CAI on my car its gonna increase my insurance cost by 950 dollars pa. WTF. Where do they pull these numbers from.

Can anyone recommend a good insurance company that will insure a person under 25 driving a V8 and wants to do mods that wont cost 1000 dollars per mod

Yes but i'm not going to because I already have in about 10 threads before this one. Try the search function

[leojvs]

geez, im 26, clean driving record, and I pay $1100 for a STOCK VS V6 5 spd ute. Then I pay the same for the Buick V8. 7.5l, 1 of 3 registered in NSW that I know of, so it aint as common as the Ute. Then the XC. That was $900.fhark me. I did get it down to 500 odd, but geez. The insurance for the ute has gone up too, with the value going down. Time to sell it, and get a job with a company car.....

[351@GT]

900, worked ba xr8 @ 35k, 25yo

[DJM83]

Originally Posted by Josh_XC

Umm wtf are u serious. How long ago though and whats ur driving record?

I actually called AAMI today and asked about mod's. If i wanna put a CAI on my car its gonna increase my insurance cost by 950 dollars pa. WTF. Where do they pull these numbers from.

Can anyone recommend a good insurance company that will insure a person under 25 driving a V8 and wants to do mods that wont cost 1000 dollars per mod

Just cars seems ok

[punktured]

Josh_XC, how are you with AAMI with a XR8? They wouldn't touch me with a V8 at that age. With Just Cars now and paying $1600, before that i was paying $2000 with RACV

[RonH]

2006 XR8 6 speed manual,
upgraded Wheels, Stereo, Leather Seats, All the slap on extras, RRP new. $56000.00

Suncorp: $706.76.
Hire Car and Glass. Market Value, No insurance for drivers under 25.

Shannons: $642.40. Agreed Value. $36000.00. This is the maximum they would insure the car for.