Ok - so I renewed my insurance today and behold ... premium has gone up from $1100 to $1800 ! Im like WTF ..?? and the agreed value of my car has also drop from a last years price of $38,000 to a crappy $19,700 in ONE YEAR ! This is with all my mods included in the premium insurance.

This is with AAMI.

so I decided before renewal I would suss out what NRMA, ALLIANZ, JUST CARS, GIO, etc and to my surprise - insurance was all above $2000 even with 60% no claim for life ! and the value of the car is only worth $19,000.

Apparently - the older our cars get - the more expensive insurance would be regardless of age or no claim bonus only because luxury parts for these cars are becoming rare and expensive ...

<_< i will be upgrading now ...

$70Ks for a IS250 or $57Ks for EVO9 ...

So-

In Aussie 12guys pay an average of $1230, min $600, max $2000, av value $25k

In NZ 14 guys pay an average of $745, min $333, max $1356, av value $20k

yeah same with me joe...down from 35k to 21...but no matter, i plan to never sell this car

EVO9 joe!!! for sure. I didn't know you were thinking about one of those aswell!!! Evos are stupidly quick :) EVO will make an impression ;)

how dare you start @#??#@ EVO rofl

Not that I will be getting an EVO ... its just at the back on my mind that its 20Ks less :) and its such an awesome all round car !

Anyway - I am now with GIO because they were highly recommended.

even try NZI i got told to stay clear or them but they offered me good deal
not a bad company to deal with

Wow, you guys are paying a lot...

I'm with AA Insurance (in NZ) and for comprehensive cover I pay $934.36 a year with a $300 excess and 60% no claims bonus and an AA member discount. I'm 27 too which might explain a bit... Agreed value of $20k.

What is everyone else paying?

2300 AUD p/y with rating 5 NCB, (2 year of non-claimant history with this insurer), $1650 excess ($2400 if i claim on the $4500 worth of wheels), 'agreed' value of 21k, which is abit over half what i originally paid for the car...

18 months ago :(

So you're doing alright jeremy!


Insurance almost isn't worth it. Unless your car gets stolen, or someone runs into you with no insurance.

Thats why its called INSURANCE for "just in case" sceanrios.

If I knew I was never going to have a prang or hit or have the car stolen in the last 5 years I wouldnt have bothered and save myself a heap 'o dollars !

Actually - this is a good idea to see what everyone is paying so you can get an overall feel for the dollars & insurance company

--------------------------------------------------------------

I'll start ...
Depends on where you live will also affect costings - but for privacy reasons, you dont need to disclose where you live.


COPY & PASTE

Car : 99 Lexus IS200 Sports Lux
Insurance Company : GIO
Costs : $1900
Agreed Value : $22, 655
Excess : $750
Age : 30
No Claim Bonus : 60% for life

How old are you? Under 25?

Insurance is definitely worth it.

If someone runs into you and it's their fault they have to pay regardless of whether they have insurance or not.

The major reason I have insurance is for if that happens to me, as it did when I was younger... not pretty being dragged through small claims courts and stuff when you're only 16...

The other reason I have (comprehensive cover) insurance is because it's required by my finance company. But at the end of the day I feel that a $1k a year is fairly well justified should I have a coming together with someones Ferrari... Hate to pay for something like that out of my own pocket.

I really must ring them up and see if going back to factory mags and getting my full licence will make any difference to anything...

Wow.. Insurance is a damn pain... haha..

Location : Brisbane (QLD)
Car : 99 Lexus IS200 Sports Lux
Insurance Company : Suncorp (not the cheapest, but one of the best)
Costs : $1150
Market Value : :(
Excess : $400
Age : 27
No Claim Bonus : 60% for life


Bike : 05 Suzuki GSX-R 600
Insurance Company : AAMI (as Suncorp was $2300!!!!)
Costs : $1000
Market Value : :(
Excess : $400
Age : 27
No Claim Bonus : 60% for life

Car : 2001 Altezza AS200 Z
Insurance Company : AA (NZ)
Costs : $934.36 p/a
Agreed Value : $20,000
Excess : $300
Age : 27
No Claim Bonus : 60% for life
Other discounts: AA membership discount
(I also have a small dispensation for living on the Air Force Base, similar to living in a gated community...)
Location: West Auckland (Officially Waitakere City)

Car: IS200 Sports Lux (2000)
Insurance Company : AAMI
Costs : $1200
Market Value : 26000
Excess : $400
Age : 20
No Claim Bonus : 60%

Car: 2000 Lexus IS200

Insurance CO: JCI
Premium: ~$950 pa
Market value (according to insurance company): $18k
Total agreed value: $25.5k (all mods covered)
Excess: $600
Age: 26
Rating: 1 for life
Location: Melbourne

read the last line of what i said mate!! Its not worth it, unless someone runs into you!

If some uninsured tard hit me, then my insurer will have my car fixed no problem, and it will be up to them to chase the offender for the money. I have a 19 y.o friend who hit a parked taxi in the middle of the road. (long story short, wasnt his fault - who parks a taxi on a blind corner in the middle of a wet night with no lights on??)

he had no insurance (it was his sisters car) so took everything out of his name and put his stuff in other's names. Now there are 4 separate insurance companies chasing him for money because the taxi went on to his 4 other cars (taxi was in neutral with no park brake applied).

Now i know that if i was one of those victims i would rather have my insurer chase my friend for the money, rather than me having to hassle him!

Anyway i'm 20, so that *might* explain the high excess - that and i techincally live in 'gore hill' which is an industrial suburb.

Hopefully when i'm 25 shannons will insure me, and overlook my claims, my driving record and the fact i dont have a garage to park my car in :lol:

Hmmm,

Car: 1999 RS200
Company: AA (NZ)
Agreed Value: $21,772
Age: 26
No Claims: 60%
Location: Not Auckland!
No AA member discount
Windscreen extension

...cost $333.45 p/a

Haha! if you live far enough away from civilisation then you are the only car on the road!

Car: 1998 RS Altezza
Company : STATE
Agree Value : $21000
Age: 30
No Claims:65%
Location : Dunedin
-Roadside Rescue
-Windscreen extension
-Replacements of mods

Cost $384.56 :)

man i was getten ripped hahah

Car: 1999 RS Altezza
Company : NZI
Agree Value : $23000 with 18", exhaust blah blah blah
Age: 23 (at the time)
No Claims:cant remember, explain down the page
Location : Auckland
-Roadside Rescue
-Windscreen extension
-Replacements of mods

Cost $1300pa

this was because of lost of licence and had crashed my 200sx, was paying $900pa for turbo s15

have no changed insurance companies to Insure Direct - Imbroke Corp, very good to deal with

Car : 99 Lexus IS200 Sports Lux
Insurance Company : CGU
Costs : $1156.55
Agreed Value : Current Market Value :(
Excess : $400
Age : 25
No Claim Bonus : 60% for life
- Windscreen extension

Car 99 rs200z
agreed value 20 000
Company Tower( I have house, contents lifestyle block, public liability and 2 other cars on one policy)
60%no claim
Rental cover
$32 a month for the tezza

Car : 2001 lexus is200
Insurance Company :xx assanda
Agreed Value : 24 000
Yearly Payment : 660
Excess : $2200
Age : 17
No Claim Bonus : Nothing

Car : 98 altezza rs
Insurance : nzi
Agreed value : $22.000
Yearly payment : $720
Excess : $100 if crashed,no excess if stolen(5star alarm)
Age : 30
No Claims : 60%

all windows covered unlimited
on road rescue
rental cover

COME ON ALL YOU WOMAN DRIVERS LESS ACCIDENTS rofl rofl rofl

Car: 99 Lexus IS200
Insurance: Shannons
Category: Modified
Agreed Value: $40,000
Yearly Payment: $903
Excess: $500
Age: 51
No Claim: 65% discount

All modifications & accessories listed and covered.

omg such a good deal

Car: 03 Lexus Is300
Insurance: NRMA
Category: Standard
Agreed Value: $40,000
Yearly Payment: $963
Excess: 600
Age: 30
No Claim: 60% no claim

Car: 02 Lexus IS200
Insurance: Just Car
Category: Standard
Agreed Value: $25,000
Yearly Payment: $1477
Excess: $600
Age: 23
No Claim: 60% no claim

Thats a huge yearly payment compared to the others. But damn Flex you paying $1900 !! Is that becuase of the mods you have on the car or something else.

Damn Insurance companies !!! :angry:

Car : 2001 Altezza Gita AS300 L
Insurance Company : PIC Insurance (small broker, underwritten by Vero)
Costs : $780 p/a
Agreed Value : $22,500 + GST
Excess : $300
Age : 31
No Claim Bonus : unsure
Location: East Auckland (Officially Manuaku City)

This is "Comprehensive Business Cover" - works out cheaper for some reason. :unsure:

Car: 2002 IS200
Age: 21
Location: Near Newcastle
Insurance: Comprehensive Agreed Value (mods noted) with Allianz for $25K
Price: $595
Excess: $200
NCB: 50%
coming up for renewal soon, hoping to get it cheaper
CTP Greenslip: $250

i work in insurance so i get good deals :D

Car: 99 RS200 Z
Insurance Company: TFS (Toyota Financial Services)
Location: Auckland
Agreed Value: $16,000
Yearly: $800.00
Excess: $250 for over 25 + 500 for under 25 + 1000 for under 21
Age: 21
No Claims Bonus: 0% (first car insured under them...)

came today-

AMI insurance

RS200z in Auckland

Agreed Value $18000

Excess $250

I'm 57 and no-one under 25 is insured.

Premium $468 !!

I await with great anticipation the comparable figures for insurance in Orange.

Car : 00 Lexus IS200 Sports Lux
Insurance Company : Just-Car
Costs : $1,802pa
Agreed Value : $22,000
Excess : std $600 plus $400 Vehicle Excess = $1000 total.
Age : 27
No Claim Bonus : 60% for life (which seems to mean squat in my case)
Mods noted: Lowered

For all that have full comprehensive for around the $1,000 pa mark, you guys are doing well. Was told that it was the area that my car was kept at night is classed as high risk so hence up went the premium.

Apparently, they don’t care that my car sleeps in a locked double-brick garage, behind a locked 6ft gated property and that is parked in a secured underground parking during work hours.

The Dam insurance Fockers (all of them in NSW), deem my car as being in the same risk as my neighbor’s car who parks on the street at night and leaves it at the train station during the day.

All that they are concerned about is the location of where it sleeps at night. Damn Fockers!!!

Talk about stand-over tactics.....

AMI Insurance (North Shore, Auckland)
2000 Toyota Altezza
Agreed Value $20,000

Age 32

Excess $250
No under 25 drivers
60% no claim

Premium $474.29 + GST & Fire Levy
$28 Glass excess buy-out

Ok since everyone else has, here is mine:

Inbroke Corp Ltd.
1998 Toyota Altezza RS200Z
Agreed Value: $20,000
Age: 19
Excess:
- Young driver excess age under 21 - $1250
- Fire theft and malicious damage: $1500
- Windscreen $100
Monthly premium: $113.25
Named Drivers only: ME!! (and anyone over 25).
No claims bonus: 2 or more consecutive claim free and insured year (Not sure what this means...)

I'm dying just having to pay for insurance... Might look into getting signed up with NAC, apparently they are really good for youngsters like myself haha.

Toyota insurance

1999 altezza RS200z
Insured value $22000
modified
yearly $888
excess $200
age 30
insured for anyone over 25
Free windscreen cover
rest of glass excess value
genuine parts only used in repairs.

my last car was insured with inbroke also


i wouldnt go with NAC, ive heard to many bad storys with them, not paying out adn shit like that

AMI Insurance

Age: 29
2002 Altezza RS200-Z 6MT
Agreed value $22,000
Factory stock
5-star alarm (AVS 5S, triple immobilizers)
No under-25 cover, don't have anyone that young going near my car :P
30% no-claims
Excess -
Nil on glass break claims (if anyones smashes any windows)
$250 fire damage claims
$500 malicious damage (Restricted license)
$500 at-fault excess (Restricted license)
$250 for any other drivers over-25

Premium: $71.08/month = $852.96/year :)

Updated for current fees as of September '07. When I get my full, the excess drops to $250, which is the standard cost for fully licensed drivers.

Just switched from Tower to AA

Car: 1999 RS200z (Stock)
111 700 Km's
Agreed Value: $13 999
Professionally installed alarm
new Rims & tires

Full no claim bonus (even though I had a claim with Tower last year)
No drivers under 25, Wife & I named drivers

$649 a year

Just Car in Aussie

Value $12000

Excess $1100

Premium $1403!!!

Do I hear the sound of something being ripped off here... :angry:

Don't go just car greeneyes, they are owned by AAMI and getting a claim through them is impossible.
I've found westren QBE is generally the cheapest.
RACQ are also good.
Suncorp is good at claims too but generally expensive unless you have multiple policies

Thanks for that- I will keep at it next week.

We've got a couple of houses in Qld to put on it too.