INSURANCE???

[Logan Sutton]

Gidday people,
My name is Logan Sutton. I am a Graphic Design Director for a company
called I Print & Graphics in New Plymouth.
I have been logging onto the mx5 club web page regularly over the last 6
months or so.
I have been a motor head all my life. My father is a mechanic and my entire
family is into sports cars/roadsters, etc. I have a real interest in MX-5's
and have saved the money to purchase my first one.
However, when pricing around for insurance in the last couple of weeks, I
have come up with 0 results. I am 18 years old. Aparently I can't get
insurance because of my age. I have another thing against me I have lost my
licence once, but I have never had a claim. I am young and earning good
money and would like to be able to be insured to drive the car I have
always wanted. Why is this so hard to do???
Anyway, if anyone can help me out here. I would be much appreciated.
If all works out I'll have my mx-5 in less than a month, just in time for
summer, and will be joining up with the club.
I look forward to hearing back from you.
Regards


Logan Sutton
I Print & Graphics
PO Box 610
Cnr Robe & Vivian Streets
New Plymouth
New Zealand
64 6 759 9951 office
64 21 756 628 mobile
64 6 758 1528 fax

[Graeme Naisbitt]

Logan,
Check out the previous threads, there has just been a large Insurance Survey
carried out. This should help?

Gram

[Mathew]

Logan, the previous discussion is quite interesting, but all you will get out of it is that in the insurance industry variables such as age, gender, location , previous history, vehicle type and the insurance companies themselves can make the difference between quite reasonable rates and obscene amounts. I was in a similar situation a few years back. I was under 21 and trying to insure a Honda CRX (I was working my up to a mx5!). All of the major insurance companies I went to see refused to insure me (the rep from State even laughed in my face!!) even though I had a clean driving record. I did find a smaller insurance company that specialized in insuring "High risk" vehicles (sorry, forgot their name) who would cover me but the premiums were over $1500 a year (+ huge excess) and they had a list the length of your arm with conditions like the car must be alarmed and stored in a locked garage with sensor lighting etc etc. I eventually went through an insurance broker and they in!
sured me for around $1200 a year with the usual excess rates and the only requirement was an alarm (I eventually got away with just an immobilizer after I had to explain to them what it was- I hate alarm sirens with a passion!!). If you still can't find a broker who will insure you, you could always do the old trick of insuring the car under your fathers name and having yourself as a named driver.