Insurance for under 25's

SLYXT · 24-07-2006, 02:51 AM

Hi guys,

My Missus and I have just picked up a 2000 AUII XR8 and as she is under 25 we need to find someone to insure it.
Does anyone know of anyone that will do this? We have tried Shannon’s, AAMI and NRMA and seems NRMA is the only one that will insure the car but there must be others around.

If anyone knows please let me know.

Thanks in advance guys...

qwigybo · 24-07-2006, 04:33 AM

just cars, bit on the pricey side though

SLYXT · 24-07-2006, 04:54 AM

thanks mate. i will submit a quote now.
NRMA wants 220 a month. what kind of monthly payment do you guys think is reasonable?

T_Terror · 24-07-2006, 10:17 AM

Should be a little over a grand per year in my experience.

Id go with JustCars, they seem to offer the best deals for under 25s with performance cars.

Just be thankful you arent driving a turbo import!

SLYXT · 24-07-2006, 04:56 PM

my missus just spoke with justcars and they gave her the following quote.

Car Insurance Quote

Premium Amount
Comprehensive $2,668

Reference No QTE392XXXXXX

Policy Type Comprehensive
Car Use Private
Quote Valid To 07 Aug 2006
No Claim Bonus 40%
Postcode of Insured Address 2500
Date of birth of youngest driver 01 Sep 1982
Gender of youngest driver Female
Year obtained licence 2003
Car has been purchased Yes
Car is privately imported No

What is this?
Excesses
Excesses on your policy are the amounts you have to pay towards each claim.

When one or more excesses apply to your policy, they will be shown on your insurance schedule and updated on your renewal notice. If required by us, you must pay your excess before we make any payment or provide you with any policy benefits.

You will not have to pay an excess if we agree that the driver of your car is not at fault and you give us the name and address of the person who was at fault or the registration number of their car.

The types of excesses are: Standard, Vehicle, Business Use, Age, Named Driver, Accessory, and Theft.

Please see Policy Documents for full details of cover.

Excesses
These are the excesses you must contribute to each claim:

Standard $600
Plus Vehicle $800

If applicable, you may also need to pay one or more of the following excesses in addition to the excesses listed above.

Age Excesses
Female Drivers Aged 16 - 21 $650
Female Drivers Aged 22 - 24 $550
Male Drivers Aged 16 - 21 $700
Male Drivers Aged 22 - 24 $600

Driving History of the Youngest Driver
The driving history of the youngest driver for the past 3 years is:

Claims and Accidents
Nil

Thefts
Nil

Licence Suspensions/Cancellations & Disqualifications
Nil
Your Car
2000 FORD FALCON XR8 AUII F/INJ 4D SEDAN V8 CYL AUTO

You advised us your car has no unrepaired damage
Purchase date Jul 2006
Purchase price $XXXXX

Amount Covered: $9,990
Plus Third Party Property Damage up to $5 million
The amount covered includes all non standard accessories and modifications noted on this policy

What is this?
Has the car been modified?
A modification is an alteration, conversion or change made to your car from its manufacturer’s specifications (e.g. lowering the car’s height by changing/altering the suspension, changing the exhaust system by fitting a larger one, adding a body kit, etc)

Just Car Insurance’s motor policy will only cover your car and its modifications if they are road worthy, legal and we have agreed to cover them in writing.

Modifications we have agreed to cover
You advised us there were no modifications on the car

What is this?
Select any Non-Standard Accessories fitted to the car
These are accessories fitted to your car that did not come standard from the manufacturer. These can include optional extras and/or after market accessories e.g. sound system, alarm, sunroof etc.

Just Car Insurance’s motor policy will only cover your car and its accessories if they are roadworthy, legal and we have agreed to cover them in writing.

Non-standard accessories we have agreed to cover
You advised us there were no non-standard accessories on the car

Endorsements
The Following Item(S) Must Be Fitted To Your Car For Your Car To Be Covered In The Event Of Theft Or Attempted Theft: Australian Standard Immobiliser.

SLYXT · 24-07-2006, 05:01 PM

I thought justcars was a little high considering NRMA told her just now they can do $20,000 cover for $2,587 and $10,000 for $1,920 and monthly payments not one lump sum. i told my missus if i had of known this i would have got a dato 120y lmao.

if anyone knows a better price then NRMA would be good but it looks like we will go with them for now.
Cheers for the help guys.

b2tf · 24-07-2006, 05:03 PM

Interesting, I did a full comp quote for an AU3 XR8 Ute thru NRMA, in my name with only me as the listed driver and I got a figure of roughly $1400. I didnt take it, but I am paying about the same with another company now.

I have 2 accidents on my record, neither at fault though.

**Sorted** · 24-07-2006, 05:13 PM

Why did they quote 40% no claim bonus?

Is it going to be registered in your miss's name?

By miss's do you mean girl friend?
Why do i ask this question - well husband and wife should get the same no claims bonus or rating?

Is the car financed or fully paid?

**Polyal** · 24-07-2006, 05:14 PM

well I am with RACV, they have been the cheapest, but I will be swapping to shannons soon as RACV isn't happy with my lowering plans.

Just cars is a rip off if you ask me. But I guess some people dont have much of a choice.

Bodat · 24-07-2006, 06:40 PM

Try GIO in NSW

**DJM83** · 24-07-2006, 06:44 PM

Quote:

Originally Posted by Polyal

well I am with RACV, they have been the cheapest, but I will be swapping to shannons soon as RACV isn't happy with my lowering plans.

Just cars is a rip off if you ask me. But I guess some people dont have much of a choice.

i have been with RACV for a while they have been by far the cheapest i have an AUII TE50 paid 1400 per year im 23 my g/f is 20 and i have a special excess as i lost my license nut it only applies if the accident is my fault.
Polly are you lowering to legal limit or lower my oold ED was legal and they didnt mind

wild6 · 24-07-2006, 09:12 PM

how old id ur mrs im 23 and i only pay $1400 a year for my modified series 3 xr8 through just cars (rating 1).
regards from adam

SLYXT · 24-07-2006, 09:18 PM

Quote:

Originally Posted by DRHEMI

Why did they quote 40% no claim bonus?

Is it going to be registered in your miss's name?

By miss's do you mean girl friend?
Why do i ask this question - well husband and wife should get the same no claims bonus or rating?

Is the car financed or fully paid?

yes its rego in her name she is the youngest person that will be driving it. she is 23.
we are not yet married.

Quote:

how old id ur mrs im 23 and i only pay $1400 a year for my modified series 3 xr8 through just cars (rating 1).
regards from adam

did you get a online quote or call them?
my missus called them and did a online quote and was given that crazy price

:

Lukeyson · 25-07-2006, 08:23 AM

Mate Just cars are a rip IMO, i am 25, my mrs is 22 and we been with NRMA with out 2001 XR8's since she was 19 and i was 22, most i ever paid with NRMA was $1300, just cars wanted $2600, currently its $890 for our sedan with NRMA.

BUT , i am classed as country up here in Coffs Harbour so its cheaper, being at Woolongong it may be why your prices are dearer ?

SLYXT · 25-07-2006, 11:00 PM

Yeah thanks mate we took your advice and have just signed up with NRMA for $140 a month, $1680 a year and its a $900 Excess which is great compared with justcars.
o totally overlooked NRMA till i seen your post..
thanks again mate

Funtime25 · 25-07-2006, 11:02 PM

www.budgetdirect.com.au

jimmy_c · 25-07-2006, 11:02 PM

Quote:

Originally Posted by T_Terror

Should be a little over a grand per year in my experience.

Id go with JustCars, they seem to offer the best deals for under 25s with performance cars.

Just be thankful you arent driving a turbo import!

YEP thats what i found with NRMA 1200 give or take a few dollars. Justcars and Suncorp wanted about 2500 with 1000 dollar excess.

wild6 · 28-07-2006, 09:37 PM

i just rang em and that was what i was quoted and it was the cheapest out of all of them,it comes down a fair bit once u turn 21

KUZMIN · 28-07-2006, 10:31 PM

I didnt read any of the things above so it may have already been stated...but if possible put it under an older relative's name (ie dad), and have her as a driver, but him as the main....also re-register the car under his name.
Insurance will be much cheaper, and if she gets fines, etc...just get the relative to send em on in to your adress.
Thats what I am going to do

Muscle_Inc · 28-07-2006, 10:43 PM

NRMA had quoted me $3,700 for an AU XR8 series 3. This is for full comprehensive cover, under 25 and in my name.

**ebxr8240** · 28-07-2006, 11:58 PM

I can't remember back that far!!!!!

jimmy_c · 29-07-2006, 12:36 AM

NRMA full comp, 55ncd, 1450 a year with the only mod being the spoiler that was factory fitted.

SLYXT · 29-07-2006, 01:26 AM

Yeah like XR8fella says, it all depends on location aswell. man if i still lived in Batemans Bay it would have been 350 bucks cheaper a year. but wollongong is a higher rate.

Disciple · 29-07-2006, 11:19 AM

Being under 25 sucks. I had insurance with NRMA for my Ralliart paying $1300/y and the price didn't come down when I hit 25. Did an online quote with AAMI and am now paying $680/y agreed value of $29k with a bunch of mods including $3k stereo, mags, extractors + zorst. Trip huh.

Ghia · 29-07-2006, 11:31 AM

I used Unique Car Insurance for my 200sx.
At the time there were only 2 companie that would insure me (being under 25) Just Cars and Unique.
I made 1 not at fault claim on the 200sx and there were no troubles with Unique's service at all. They were much cheaper than JCI too

XRQTOR · 29-07-2006, 01:45 PM

Just car's will, they are owned by AAMI.