Enthusiast Insurance

[parrot]

Been quoted $630 to insure a modified AE86 at $8000 agreed value plus salvage rights by a well known insurer of such things. This with my stating it will be on a 45 day club reg permit.

 

That works out at $14 per trip, with every likelihood it will do less than 45 days a year.

 

Is it just me, or is that a little pricey? Interested to know what others are paying for similar situations.

 

Note, I'm a rating 1, no finance, locked in a garage and close to 50 years old.......

[67Rolla-Ken]

Sounds about the same as mine but I'll have to check. I'll see if I can find my policy tonight.

[oh what a nissan feeling!]

Mine is insured for $520 per year as a second car, which they define as driven approx 2 days a week.

 

Club rego doesnt help that price really as my brothers car is on club, and has the same approx 2 days per week on it.

 

Agreed value does not seem to change the premium either we have found.

 

Lock up garage? good nieghbourhood? they are the other 2 factors i guess.

[B-Lugg]

I was quoted $1342 full comprehensive with salvage with an agreed value of $6000. I have a clean driving record with zero at fault claims. Fully locked up garage and as a car not driven daily (2-5 trips weekly), no finance also.

 

Although I'm very young (and still building rating), I'm responsible as hell on the roads which I understand doesn't change a thing.

I'm going to pay my cars worth in insurance in a short few years.

 

Your quote is still too high in opinion, mine is just absolutely ridiculous.

Edited September 16, 2014 by B-Lugg

[kickn5k]

My 11 is insured for 10k and cost $580 last year.

That's salvage no questions asked, glass cover and my choice of repairer. Oh yeah I'm rating 1 for life too.

[KEI069]

Man that does seem excessive. Maybe the AE86 is a high theft risk ( as in desirable ).

Peechs only cost me $300 a year full comp, agreed value of $13000. And used as a daily driver.

I do have four cars insured with the same company though.

[67Rolla-Ken]

I pay $110.00 per month for 2 cars. Covered for $7500ea, one limited(no) use, the other as a daily. Both locked up in a garage. I'm over 30, and have no at fault crashes.

[ke70dave]

Who was that quote through parott? Shannons? Insurance quotes are hard to compare as they are very dependant on location.

[LittleRedSpirit]

Shannons is generally a pretty expensive insurer. I had NRMA tell me my work truck had dropped 2500 in value that they would pay out, and they still wanted to increase my premium to $1100 a year from $890 and the only reason they could give for wanting more money for less insurance is that the model of car is repaired or payed out on frequently. I dropped em like a hot rock, and moved everythng to suncorp, and insured the Celica and the Truck for under $1000 with full comp and agreed values of $12000 and $4600 respectively.

 

Shop around! Try a broker even, sometimes they can forge you a policy from thin air.

[oh what a nissan feeling!]

Yep it's worth shopping around. My missus R34 skyrine got quoted at $1200 through Shannon, it has a list of bolt on mods but has no mod plates required. Went through suncorp for under half that price. The problem comes when you have mod plates, I attempted to insure the Pajero through suncorp, it has engine trans mod plate, they wouldn't touch it. It's through Shannons.

[shy_77c]

I'm paying $690 for two cars, a ke 30 sr20 agreed value 2 5k and 1968 crown agreed value 10k. This falls under extreme limited use. There is definition with Shannon what extreme limited use is. As mentioned earlier I dare say theft risk would play a huge part.

[parrot]

Yes through Shannon's. I only got salvage rights due to having owned the car so long (early 90's).

 

It would be fair to say I live in one of Melbourne's "blue ribbon" suburbs, so the postcode shouldn't really be contributing I wouldn't think.

 

They are due to call me soon so perhaps I can query the extreme limited use thing.

 

I also got them to quote me for laid up cover on the KE15 plus routine insurance on my daily which was additional cost (quite reasonable)

 

years back I had a good relationship with Torque Insurance on the AE86. I might try them, if they still exist.

[altezzaclub]

That works out at $14 per trip

 

That's the correct way to look at it! Yes, its hellish expensive, but I don't know the answer.

 

The Altezza is about $600 at Shannons and the two KE70s aren't insured, only 3rd Party property.

[parrot]

They called today. Got the spiel, and told I get 365 days per year theft cover whilst it is sitting in the shed, which I think I knew.

 

Seriously though, the premiums are out of all proportion for what will be a rarely driven car. I don't expect it to be free, but also I don't expect it to be that much. Our other current model daily driver cars are worth 5 - 6 times the value of the AE86, driven daily and the premium is roughly the same.

 

I see Torque are part of Lumley's now, along with Swann etc. so will see what they have to say