Insurance questions
-
- Need, more, 5-ing, time....
- Posts: 100
- Joined: Fri May 19, 2006 5:55 am
- Location: UK
Insurance questions
Way back in the 70's, there was compulsory third party insurance
with your car tax/rego. Is this still this case in NZ? I had heard
there was a bit of a problem with uninsured drivers in NZ (as with
UK)...?
What is the attitude of insurers to mods? Premium increase? or is it
difficult to get insurance for a modded Mx5? Anyone hazard a guess
at the percentage premium increase for an FM2? Does the club have a
tame insurer and if so, are they competitive?
I think I saw that modded cars require some sort of certificate of
worthiness. What is involved with this? What needs to be done for a
DIY FM2 for instance?
Is there a perceived difference between Mazda NZ supplied cars and
those imported from Japan? Does this affect premiums?
Are there any 50ish owners with a MkII FM2 (or similar) want to give
an idea of their premium?
--
Regards Terry
Gentlemen. You can't fight in here. This is the War Room!
--
with your car tax/rego. Is this still this case in NZ? I had heard
there was a bit of a problem with uninsured drivers in NZ (as with
UK)...?
What is the attitude of insurers to mods? Premium increase? or is it
difficult to get insurance for a modded Mx5? Anyone hazard a guess
at the percentage premium increase for an FM2? Does the club have a
tame insurer and if so, are they competitive?
I think I saw that modded cars require some sort of certificate of
worthiness. What is involved with this? What needs to be done for a
DIY FM2 for instance?
Is there a perceived difference between Mazda NZ supplied cars and
those imported from Japan? Does this affect premiums?
Are there any 50ish owners with a MkII FM2 (or similar) want to give
an idea of their premium?
--
Regards Terry
Gentlemen. You can't fight in here. This is the War Room!
--
Regards
-Terry
-Terry
Insurance questions
Our 5 has been covered by AA for years and they have been excellent but the
minute I told them it had a roll bar and I wanted the insurance changed from
comprehensive to 3rd party so I could do track work they declined to
continue any insurance at all in any form or shape. However Classic Car
Insurance have given me comprehensive coverage (except on the track or on a
special stage) for $299.07 pa which is barely $50 more than I was paying
with AA.
What does FM2?
minute I told them it had a roll bar and I wanted the insurance changed from
comprehensive to 3rd party so I could do track work they declined to
continue any insurance at all in any form or shape. However Classic Car
Insurance have given me comprehensive coverage (except on the track or on a
special stage) for $299.07 pa which is barely $50 more than I was paying
with AA.
What does FM2?
cheers,
Mark
Mark
Insurance questions
Our 5 has been covered by AA for years and they have been excellent but the
minute I told them it had a roll bar and I wanted the insurance changed from
comprehensive to 3rd party so I could do track work they declined to
continue any insurance at all in any form or shape. However Classic Car
Insurance have given me comprehensive coverage (except on the track or on a
special stage) for $299.07 pa which is barely $50 more than I was paying
with AA.
What does FM2?
minute I told them it had a roll bar and I wanted the insurance changed from
comprehensive to 3rd party so I could do track work they declined to
continue any insurance at all in any form or shape. However Classic Car
Insurance have given me comprehensive coverage (except on the track or on a
special stage) for $299.07 pa which is barely $50 more than I was paying
with AA.
What does FM2?
cheers,
Mark
Mark
Insurance questions
Since I can go back that far, the story was that we had compulsory third
party insurance, which as you say, was paid with the registration fee. This
covered injury to persons only, not damage to property. Essentially, you
nominated an insurance company when you registered the car, they received
the premium, which was a set amount, and, if you injured someone with your
car and were sued, that company indemnified you. If you were injured, you
had to sue the other party, and if you were to blame, you were pretty much
on your own.
It was replaced by the Accident Compensation Levy, in the early 70s, in
which a standard fee applies across the whole of the New Zealand fleet, as
part of our "no fault" accident compensation scheme, and does not take
account of the vehicle type, age of driver or any other similar
considerations.Unlike the old scheme which only benefitted a third party,
this scheme covers all injuries, including any damage you do to yourself.
It is a Government run scheme, and like all government schemes, pays out
totally inadequate benefits, prevents you suing for more and provides a cash
cow for the Government, because they add ACC levies to just about anything
you can name, particularly motoring. (Only our government could stick
another 5 cents ACC levy on a litre of petrol at a time when the price of
fuel is crippling the economy).
This does nothing to solve the problem of uninsured drivers, as it does not
relate to property insurance in any way. Property insurance is not
compulsory, so, like England, the people who have the most accidents don't
have it, because for them it is "too expensive". However, insurance
companies are much more likely to sue uninsured drivers than they used to
be.
Generally speaking, what you get away with from your insurance company
depends on your record, but it would be difficult for a new, young, client
to insure a highly modified car, and very expensive, if they could find
anyone to take them on. Having a forty year claim free record with the same
company, I could probably insure what I like.
Having said that, some, or probably most, mods will attract higher premiums,
even if you have a good record. The club does not have a tame insurer, but
most companies charge relatively similar premiums for the same risk.
All cars in New Zealand have to be certified as complying with
Roadworthiness Regulations, this is normally done as they are imported, (we
no longer assemble cars in this country) and before they go on sale.
Any subsequent mods to the vehicle which affect its safety or structure have
to be certified, this is done at the same compliance centres and costs about
$350-$400 for most inspections. You can have several mods certified at the
same time, for the same fee.
Cars are, in general, inspected every 6 months for a Warrant of Fitness, not
quite as stringent as a certification, but getting tougher almost by the day
it seems. This costs around $35 to $40.
I guess that there is a psychological difference between NZ new cars (not
just MX 5s) and imports, but in fact, all NZ MX5s were assembled in Japan
anyway, so there is not a lot of difference. The imports are generally
slightly better equipped, and by far the majority of MX5s are imports. Of
course, prior to the import thing kicking off, the MX5 was by no means a
cheap car, it has always been $40Kish, even when that was real money, in the
early 90s. NZ new ones still are, but good imports range from about $27K for
a very late model NB, down to around $7000 for a reasonable 89 NA.
I do not believe that premiums are affected by the cars origin, particularly
for something like an MX5 for which parts are readily available. It may do
for something unusual. The insured value also does not affect the premium as
much as you might think either, as it is only a small factor in the premium,
there are all sorts of levies, including Fire Service, Earthquake and of
course ACC. Your locality does greatly affect premiums, the South Island is
cheaper than the North Island and certain areas of high crime/risk will
boost premiums dramatically. I moved from South Auckland to an area on the
North Shore of Auckland about 6 years ago, and my premiums for all insurance
went down by over 30%.
I am in my mid 50s and paid about $420.00 this year to comprehensively
insure my 94 1800 NA for an agreed $9000. That was with the maximum 60% no
claim rebate. So I guess that, with a bad claims history, you might be up
around $1000.Age will be important, I believe a number of our younger
members pay quite significant premiums, as I would if any under 25 year olds
were driving the car.
I hope that helps
Eric
party insurance, which as you say, was paid with the registration fee. This
covered injury to persons only, not damage to property. Essentially, you
nominated an insurance company when you registered the car, they received
the premium, which was a set amount, and, if you injured someone with your
car and were sued, that company indemnified you. If you were injured, you
had to sue the other party, and if you were to blame, you were pretty much
on your own.
It was replaced by the Accident Compensation Levy, in the early 70s, in
which a standard fee applies across the whole of the New Zealand fleet, as
part of our "no fault" accident compensation scheme, and does not take
account of the vehicle type, age of driver or any other similar
considerations.Unlike the old scheme which only benefitted a third party,
this scheme covers all injuries, including any damage you do to yourself.
It is a Government run scheme, and like all government schemes, pays out
totally inadequate benefits, prevents you suing for more and provides a cash
cow for the Government, because they add ACC levies to just about anything
you can name, particularly motoring. (Only our government could stick
another 5 cents ACC levy on a litre of petrol at a time when the price of
fuel is crippling the economy).
This does nothing to solve the problem of uninsured drivers, as it does not
relate to property insurance in any way. Property insurance is not
compulsory, so, like England, the people who have the most accidents don't
have it, because for them it is "too expensive". However, insurance
companies are much more likely to sue uninsured drivers than they used to
be.
Generally speaking, what you get away with from your insurance company
depends on your record, but it would be difficult for a new, young, client
to insure a highly modified car, and very expensive, if they could find
anyone to take them on. Having a forty year claim free record with the same
company, I could probably insure what I like.
Having said that, some, or probably most, mods will attract higher premiums,
even if you have a good record. The club does not have a tame insurer, but
most companies charge relatively similar premiums for the same risk.
All cars in New Zealand have to be certified as complying with
Roadworthiness Regulations, this is normally done as they are imported, (we
no longer assemble cars in this country) and before they go on sale.
Any subsequent mods to the vehicle which affect its safety or structure have
to be certified, this is done at the same compliance centres and costs about
$350-$400 for most inspections. You can have several mods certified at the
same time, for the same fee.
Cars are, in general, inspected every 6 months for a Warrant of Fitness, not
quite as stringent as a certification, but getting tougher almost by the day
it seems. This costs around $35 to $40.
I guess that there is a psychological difference between NZ new cars (not
just MX 5s) and imports, but in fact, all NZ MX5s were assembled in Japan
anyway, so there is not a lot of difference. The imports are generally
slightly better equipped, and by far the majority of MX5s are imports. Of
course, prior to the import thing kicking off, the MX5 was by no means a
cheap car, it has always been $40Kish, even when that was real money, in the
early 90s. NZ new ones still are, but good imports range from about $27K for
a very late model NB, down to around $7000 for a reasonable 89 NA.
I do not believe that premiums are affected by the cars origin, particularly
for something like an MX5 for which parts are readily available. It may do
for something unusual. The insured value also does not affect the premium as
much as you might think either, as it is only a small factor in the premium,
there are all sorts of levies, including Fire Service, Earthquake and of
course ACC. Your locality does greatly affect premiums, the South Island is
cheaper than the North Island and certain areas of high crime/risk will
boost premiums dramatically. I moved from South Auckland to an area on the
North Shore of Auckland about 6 years ago, and my premiums for all insurance
went down by over 30%.
I am in my mid 50s and paid about $420.00 this year to comprehensively
insure my 94 1800 NA for an agreed $9000. That was with the maximum 60% no
claim rebate. So I guess that, with a bad claims history, you might be up
around $1000.Age will be important, I believe a number of our younger
members pay quite significant premiums, as I would if any under 25 year olds
were driving the car.
I hope that helps
Eric
Insurance questions
Since I can go back that far, the story was that we had compulsory third
party insurance, which as you say, was paid with the registration fee. This
covered injury to persons only, not damage to property. Essentially, you
nominated an insurance company when you registered the car, they received
the premium, which was a set amount, and, if you injured someone with your
car and were sued, that company indemnified you. If you were injured, you
had to sue the other party, and if you were to blame, you were pretty much
on your own.
It was replaced by the Accident Compensation Levy, in the early 70s, in
which a standard fee applies across the whole of the New Zealand fleet, as
part of our "no fault" accident compensation scheme, and does not take
account of the vehicle type, age of driver or any other similar
considerations.Unlike the old scheme which only benefitted a third party,
this scheme covers all injuries, including any damage you do to yourself.
It is a Government run scheme, and like all government schemes, pays out
totally inadequate benefits, prevents you suing for more and provides a cash
cow for the Government, because they add ACC levies to just about anything
you can name, particularly motoring. (Only our government could stick
another 5 cents ACC levy on a litre of petrol at a time when the price of
fuel is crippling the economy).
This does nothing to solve the problem of uninsured drivers, as it does not
relate to property insurance in any way. Property insurance is not
compulsory, so, like England, the people who have the most accidents don't
have it, because for them it is "too expensive". However, insurance
companies are much more likely to sue uninsured drivers than they used to
be.
Generally speaking, what you get away with from your insurance company
depends on your record, but it would be difficult for a new, young, client
to insure a highly modified car, and very expensive, if they could find
anyone to take them on. Having a forty year claim free record with the same
company, I could probably insure what I like.
Having said that, some, or probably most, mods will attract higher premiums,
even if you have a good record. The club does not have a tame insurer, but
most companies charge relatively similar premiums for the same risk.
All cars in New Zealand have to be certified as complying with
Roadworthiness Regulations, this is normally done as they are imported, (we
no longer assemble cars in this country) and before they go on sale.
Any subsequent mods to the vehicle which affect its safety or structure have
to be certified, this is done at the same compliance centres and costs about
$350-$400 for most inspections. You can have several mods certified at the
same time, for the same fee.
Cars are, in general, inspected every 6 months for a Warrant of Fitness, not
quite as stringent as a certification, but getting tougher almost by the day
it seems. This costs around $35 to $40.
I guess that there is a psychological difference between NZ new cars (not
just MX 5s) and imports, but in fact, all NZ MX5s were assembled in Japan
anyway, so there is not a lot of difference. The imports are generally
slightly better equipped, and by far the majority of MX5s are imports. Of
course, prior to the import thing kicking off, the MX5 was by no means a
cheap car, it has always been $40Kish, even when that was real money, in the
early 90s. NZ new ones still are, but good imports range from about $27K for
a very late model NB, down to around $7000 for a reasonable 89 NA.
I do not believe that premiums are affected by the cars origin, particularly
for something like an MX5 for which parts are readily available. It may do
for something unusual. The insured value also does not affect the premium as
much as you might think either, as it is only a small factor in the premium,
there are all sorts of levies, including Fire Service, Earthquake and of
course ACC. Your locality does greatly affect premiums, the South Island is
cheaper than the North Island and certain areas of high crime/risk will
boost premiums dramatically. I moved from South Auckland to an area on the
North Shore of Auckland about 6 years ago, and my premiums for all insurance
went down by over 30%.
I am in my mid 50s and paid about $420.00 this year to comprehensively
insure my 94 1800 NA for an agreed $9000. That was with the maximum 60% no
claim rebate. So I guess that, with a bad claims history, you might be up
around $1000.Age will be important, I believe a number of our younger
members pay quite significant premiums, as I would if any under 25 year olds
were driving the car.
I hope that helps
Eric
party insurance, which as you say, was paid with the registration fee. This
covered injury to persons only, not damage to property. Essentially, you
nominated an insurance company when you registered the car, they received
the premium, which was a set amount, and, if you injured someone with your
car and were sued, that company indemnified you. If you were injured, you
had to sue the other party, and if you were to blame, you were pretty much
on your own.
It was replaced by the Accident Compensation Levy, in the early 70s, in
which a standard fee applies across the whole of the New Zealand fleet, as
part of our "no fault" accident compensation scheme, and does not take
account of the vehicle type, age of driver or any other similar
considerations.Unlike the old scheme which only benefitted a third party,
this scheme covers all injuries, including any damage you do to yourself.
It is a Government run scheme, and like all government schemes, pays out
totally inadequate benefits, prevents you suing for more and provides a cash
cow for the Government, because they add ACC levies to just about anything
you can name, particularly motoring. (Only our government could stick
another 5 cents ACC levy on a litre of petrol at a time when the price of
fuel is crippling the economy).
This does nothing to solve the problem of uninsured drivers, as it does not
relate to property insurance in any way. Property insurance is not
compulsory, so, like England, the people who have the most accidents don't
have it, because for them it is "too expensive". However, insurance
companies are much more likely to sue uninsured drivers than they used to
be.
Generally speaking, what you get away with from your insurance company
depends on your record, but it would be difficult for a new, young, client
to insure a highly modified car, and very expensive, if they could find
anyone to take them on. Having a forty year claim free record with the same
company, I could probably insure what I like.
Having said that, some, or probably most, mods will attract higher premiums,
even if you have a good record. The club does not have a tame insurer, but
most companies charge relatively similar premiums for the same risk.
All cars in New Zealand have to be certified as complying with
Roadworthiness Regulations, this is normally done as they are imported, (we
no longer assemble cars in this country) and before they go on sale.
Any subsequent mods to the vehicle which affect its safety or structure have
to be certified, this is done at the same compliance centres and costs about
$350-$400 for most inspections. You can have several mods certified at the
same time, for the same fee.
Cars are, in general, inspected every 6 months for a Warrant of Fitness, not
quite as stringent as a certification, but getting tougher almost by the day
it seems. This costs around $35 to $40.
I guess that there is a psychological difference between NZ new cars (not
just MX 5s) and imports, but in fact, all NZ MX5s were assembled in Japan
anyway, so there is not a lot of difference. The imports are generally
slightly better equipped, and by far the majority of MX5s are imports. Of
course, prior to the import thing kicking off, the MX5 was by no means a
cheap car, it has always been $40Kish, even when that was real money, in the
early 90s. NZ new ones still are, but good imports range from about $27K for
a very late model NB, down to around $7000 for a reasonable 89 NA.
I do not believe that premiums are affected by the cars origin, particularly
for something like an MX5 for which parts are readily available. It may do
for something unusual. The insured value also does not affect the premium as
much as you might think either, as it is only a small factor in the premium,
there are all sorts of levies, including Fire Service, Earthquake and of
course ACC. Your locality does greatly affect premiums, the South Island is
cheaper than the North Island and certain areas of high crime/risk will
boost premiums dramatically. I moved from South Auckland to an area on the
North Shore of Auckland about 6 years ago, and my premiums for all insurance
went down by over 30%.
I am in my mid 50s and paid about $420.00 this year to comprehensively
insure my 94 1800 NA for an agreed $9000. That was with the maximum 60% no
claim rebate. So I guess that, with a bad claims history, you might be up
around $1000.Age will be important, I believe a number of our younger
members pay quite significant premiums, as I would if any under 25 year olds
were driving the car.
I hope that helps
Eric
Insurance questions
Where abouts are you insured, (as in what part of NZ) and, if it is not a
rude question, how much for? I am also with AA and the premium you quote is
way under what I pay. If you were paying around $250 for what I am paying
over $400 for, I shall really be asking them why!
Eric
rude question, how much for? I am also with AA and the premium you quote is
way under what I pay. If you were paying around $250 for what I am paying
over $400 for, I shall really be asking them why!
Eric
Insurance questions
Where abouts are you insured, (as in what part of NZ) and, if it is not a
rude question, how much for? I am also with AA and the premium you quote is
way under what I pay. If you were paying around $250 for what I am paying
over $400 for, I shall really be asking them why!
Eric
rude question, how much for? I am also with AA and the premium you quote is
way under what I pay. If you were paying around $250 for what I am paying
over $400 for, I shall really be asking them why!
Eric
-
- Tentative sideways sliding....
- Posts: 48
- Joined: Sat May 20, 2006 12:31 am
- Location: Wellington
Insurance questions
Terry
As far as I can work out the rego includes a contribution to the ACC
(Accident Compensation Corporation) and for 2005/6 is $126 per year. There
is also a contribution of 5.78c per litre of petrol.
The ACC covers for bodily injury caused for all victims of a road crash
including pedestrians and passengers.
So this would be the equivalent of the Road Traffic Act in the UK. Therefore
due to this cover there is no requirement for car insurance, so there is a
large problem with uninsured drivers and damage they cause to property, e.g.
other cars.
Regards
John
As far as I can work out the rego includes a contribution to the ACC
(Accident Compensation Corporation) and for 2005/6 is $126 per year. There
is also a contribution of 5.78c per litre of petrol.
The ACC covers for bodily injury caused for all victims of a road crash
including pedestrians and passengers.
So this would be the equivalent of the Road Traffic Act in the UK. Therefore
due to this cover there is no requirement for car insurance, so there is a
large problem with uninsured drivers and damage they cause to property, e.g.
other cars.
Regards
John
John
White 94 NA 1800cc
White 94 NA 1800cc
-
- Tentative sideways sliding....
- Posts: 48
- Joined: Sat May 20, 2006 12:31 am
- Location: Wellington
Insurance questions
Terry
As far as I can work out the rego includes a contribution to the ACC
(Accident Compensation Corporation) and for 2005/6 is $126 per year. There
is also a contribution of 5.78c per litre of petrol.
The ACC covers for bodily injury caused for all victims of a road crash
including pedestrians and passengers.
So this would be the equivalent of the Road Traffic Act in the UK. Therefore
due to this cover there is no requirement for car insurance, so there is a
large problem with uninsured drivers and damage they cause to property, e.g.
other cars.
Regards
John
As far as I can work out the rego includes a contribution to the ACC
(Accident Compensation Corporation) and for 2005/6 is $126 per year. There
is also a contribution of 5.78c per litre of petrol.
The ACC covers for bodily injury caused for all victims of a road crash
including pedestrians and passengers.
So this would be the equivalent of the Road Traffic Act in the UK. Therefore
due to this cover there is no requirement for car insurance, so there is a
large problem with uninsured drivers and damage they cause to property, e.g.
other cars.
Regards
John
John
White 94 NA 1800cc
White 94 NA 1800cc
Insurance questions
Wellington and it was the same in Rotorua. With AA the car was insured for
$7500 (1990) and with Classic Car Insurance $10000.
$7500 (1990) and with Classic Car Insurance $10000.
cheers,
Mark
Mark
Insurance questions
Wellington and it was the same in Rotorua. With AA the car was insured for
$7500 (1990) and with Classic Car Insurance $10000.
$7500 (1990) and with Classic Car Insurance $10000.
cheers,
Mark
Mark
Insurance questions
where you live can make 40-50% dollar difference-due to theft satistics,
im in auckland high $400s for $10,000 cover with imobiliser alarm. Mike
im in auckland high $400s for $10,000 cover with imobiliser alarm. Mike
Insurance questions
where you live can make 40-50% dollar difference-due to theft satistics,
im in auckland high $400s for $10,000 cover with imobiliser alarm. Mike
im in auckland high $400s for $10,000 cover with imobiliser alarm. Mike
Insurance questions
I pay for a $ 15000 .- full cover 55 + 60 % no claim and no alarm
in car (only $ 15 p/jaar less (State ) NZ $ 334.10 Wellington
regio
( must say have all my insurances with them )
BERT
*********************
in car (only $ 15 p/jaar less (State ) NZ $ 334.10 Wellington
regio
( must say have all my insurances with them )
BERT
*********************
Insurance questions
I pay for a $ 15000 .- full cover 55 + 60 % no claim and no alarm
in car (only $ 15 p/jaar less (State ) NZ $ 334.10 Wellington
regio
( must say have all my insurances with them )
BERT
*********************
in car (only $ 15 p/jaar less (State ) NZ $ 334.10 Wellington
regio
( must say have all my insurances with them )
BERT
*********************
Insurance questions
If it's of interest, here in New Plymouth I pay on a 1998 RS $327.71 with
AMI agreed value $18000 ??? with over 55 and 60% no claim.
--
Internal Virus Database is out-of-date.
Checked by AVG Anti-Virus.
Version: 7.0.323 / Virus Database: 267.0.0 - Release Date: 27/05/2005
AMI agreed value $18000 ??? with over 55 and 60% no claim.
--
Internal Virus Database is out-of-date.
Checked by AVG Anti-Virus.
Version: 7.0.323 / Virus Database: 267.0.0 - Release Date: 27/05/2005
Insurance questions
If it's of interest, here in New Plymouth I pay on a 1998 RS $327.71 with
AMI agreed value $18000 ??? with over 55 and 60% no claim.
--
Internal Virus Database is out-of-date.
Checked by AVG Anti-Virus.
Version: 7.0.323 / Virus Database: 267.0.0 - Release Date: 27/05/2005
AMI agreed value $18000 ??? with over 55 and 60% no claim.
--
Internal Virus Database is out-of-date.
Checked by AVG Anti-Virus.
Version: 7.0.323 / Virus Database: 267.0.0 - Release Date: 27/05/2005
Insurance questions
This tends to bear out what I was saying about regions being important in
determining premium, Auckland, with it's heavier traffic and higher car
theft stats is seen as a greater risk.
Eric
determining premium, Auckland, with it's heavier traffic and higher car
theft stats is seen as a greater risk.
Eric
Insurance questions
This tends to bear out what I was saying about regions being important in
determining premium, Auckland, with it's heavier traffic and higher car
theft stats is seen as a greater risk.
Eric
determining premium, Auckland, with it's heavier traffic and higher car
theft stats is seen as a greater risk.
Eric
Insurance questions
Auckland,
AMI Agreed Value (wouldn't have any other kind!) of $8500 on my '91
Premium $381.49 (plus fire serv levy, gst, glass excess buy-out = $463.75)
No under 25 cover, no claims 60%, over 55 discount, $250 excess, $750
excess on theft, conversion & malicious damage claims (I guess this
means soft top slashing!)
The combination of Auckland and agreed value probably push this up by
comparison to some.
Ross Bryon
1991 BRG V-Spec Roadster | OL MAN |
Auckland
On 18 Jul 2005, at 7:15 AM, Eric & Ann West wrote:
[...]
AMI Agreed Value (wouldn't have any other kind!) of $8500 on my '91
Premium $381.49 (plus fire serv levy, gst, glass excess buy-out = $463.75)
No under 25 cover, no claims 60%, over 55 discount, $250 excess, $750
excess on theft, conversion & malicious damage claims (I guess this
means soft top slashing!)
The combination of Auckland and agreed value probably push this up by
comparison to some.
Ross Bryon
1991 BRG V-Spec Roadster | OL MAN |
Auckland
On 18 Jul 2005, at 7:15 AM, Eric & Ann West wrote:
[...]
Insurance questions
Auckland,
AMI Agreed Value (wouldn't have any other kind!) of $8500 on my '91
Premium $381.49 (plus fire serv levy, gst, glass excess buy-out = $463.75)
No under 25 cover, no claims 60%, over 55 discount, $250 excess, $750
excess on theft, conversion & malicious damage claims (I guess this
means soft top slashing!)
The combination of Auckland and agreed value probably push this up by
comparison to some.
Ross Bryon
1991 BRG V-Spec Roadster | OL MAN |
Auckland
On 18 Jul 2005, at 7:15 AM, Eric & Ann West wrote:
[...]
AMI Agreed Value (wouldn't have any other kind!) of $8500 on my '91
Premium $381.49 (plus fire serv levy, gst, glass excess buy-out = $463.75)
No under 25 cover, no claims 60%, over 55 discount, $250 excess, $750
excess on theft, conversion & malicious damage claims (I guess this
means soft top slashing!)
The combination of Auckland and agreed value probably push this up by
comparison to some.
Ross Bryon
1991 BRG V-Spec Roadster | OL MAN |
Auckland
On 18 Jul 2005, at 7:15 AM, Eric & Ann West wrote:
[...]
Insurance questions
Ross
Not sure your $8,500 agreed value is the great deal you might think it is.
#1 Your car, given all the work and extras, I suspect may be worth more
than $8,500
#2 Some insurance companies calculate insurance premium based on value
ranges, for example same insurance premium for a car worth between
$5,000 - $10,000.
Consequently my insurance stats:
Insurer: SIS
Insured: at market value
Premium: $549.21
Includes: fire and theft, GST, $1 million 3rd party liability - good to
have when you drive at 170kms/hr on rare occasions
No under 24 discount, 45% no claims discount, over 50 discount, $250
excess, only $250 excess on theft & malicious damage, NO excess on
windscreen replacement.
Given our 15% no claims differential (and my more favourable car value
and lower excesses) I'm not sure you have a great deal. I wouldn't be
surprised if there is even a better deal than mine in Auckland.
Regards
William
Provocateurs of
Corporate Performance and Personal Growth!
KASE Consulting Group Ltd.
www.kase.co.nz
bill@kase.co.nz
T: 64 9 523 5238
M: 64 21 366 999
F: 64 9 523 2619
Not sure your $8,500 agreed value is the great deal you might think it is.
#1 Your car, given all the work and extras, I suspect may be worth more
than $8,500
#2 Some insurance companies calculate insurance premium based on value
ranges, for example same insurance premium for a car worth between
$5,000 - $10,000.
Consequently my insurance stats:
Insurer: SIS
Insured: at market value
Premium: $549.21
Includes: fire and theft, GST, $1 million 3rd party liability - good to
have when you drive at 170kms/hr on rare occasions
No under 24 discount, 45% no claims discount, over 50 discount, $250
excess, only $250 excess on theft & malicious damage, NO excess on
windscreen replacement.
Given our 15% no claims differential (and my more favourable car value
and lower excesses) I'm not sure you have a great deal. I wouldn't be
surprised if there is even a better deal than mine in Auckland.
Regards
William
Provocateurs of
Corporate Performance and Personal Growth!
KASE Consulting Group Ltd.
www.kase.co.nz
bill@kase.co.nz
T: 64 9 523 5238
M: 64 21 366 999
F: 64 9 523 2619
Insurance questions
Ross
Not sure your $8,500 agreed value is the great deal you might think it is.
#1 Your car, given all the work and extras, I suspect may be worth more
than $8,500
#2 Some insurance companies calculate insurance premium based on value
ranges, for example same insurance premium for a car worth between
$5,000 - $10,000.
Consequently my insurance stats:
Insurer: SIS
Insured: at market value
Premium: $549.21
Includes: fire and theft, GST, $1 million 3rd party liability - good to
have when you drive at 170kms/hr on rare occasions
No under 24 discount, 45% no claims discount, over 50 discount, $250
excess, only $250 excess on theft & malicious damage, NO excess on
windscreen replacement.
Given our 15% no claims differential (and my more favourable car value
and lower excesses) I'm not sure you have a great deal. I wouldn't be
surprised if there is even a better deal than mine in Auckland.
Regards
William
Provocateurs of
Corporate Performance and Personal Growth!
KASE Consulting Group Ltd.
www.kase.co.nz
bill@kase.co.nz
T: 64 9 523 5238
M: 64 21 366 999
F: 64 9 523 2619
Not sure your $8,500 agreed value is the great deal you might think it is.
#1 Your car, given all the work and extras, I suspect may be worth more
than $8,500
#2 Some insurance companies calculate insurance premium based on value
ranges, for example same insurance premium for a car worth between
$5,000 - $10,000.
Consequently my insurance stats:
Insurer: SIS
Insured: at market value
Premium: $549.21
Includes: fire and theft, GST, $1 million 3rd party liability - good to
have when you drive at 170kms/hr on rare occasions
No under 24 discount, 45% no claims discount, over 50 discount, $250
excess, only $250 excess on theft & malicious damage, NO excess on
windscreen replacement.
Given our 15% no claims differential (and my more favourable car value
and lower excesses) I'm not sure you have a great deal. I wouldn't be
surprised if there is even a better deal than mine in Auckland.
Regards
William
Provocateurs of
Corporate Performance and Personal Growth!
KASE Consulting Group Ltd.
www.kase.co.nz
bill@kase.co.nz
T: 64 9 523 5238
M: 64 21 366 999
F: 64 9 523 2619
Insurance questions
Hi all
Just contact SIS myself because it seemed a great deal, I was going to
change, but wasn't allowed. Seems that they only insure people over
50!! And I am 24 years off that =(
Ken McNoe
Phone: 09 483 8237
Mobile: 021 536 911
Just contact SIS myself because it seemed a great deal, I was going to
change, but wasn't allowed. Seems that they only insure people over
50!! And I am 24 years off that =(
Ken McNoe
Phone: 09 483 8237
Mobile: 021 536 911
Insurance questions
Hi all
Just contact SIS myself because it seemed a great deal, I was going to
change, but wasn't allowed. Seems that they only insure people over
50!! And I am 24 years off that =(
Ken McNoe
Phone: 09 483 8237
Mobile: 021 536 911
Just contact SIS myself because it seemed a great deal, I was going to
change, but wasn't allowed. Seems that they only insure people over
50!! And I am 24 years off that =(
Ken McNoe
Phone: 09 483 8237
Mobile: 021 536 911
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