Golf Mk6 Insurance

[elephino]

Back in the mid-90s, I heard of an 18yr old whose parents bought him a Maxda RX-7 - $18,000 for insurance.

[Corey_R]

Absolutely.

I am finally at the age and drving experience to get semi reasonable premiums.

28yo NRMA $1111 (exactly).

As you know, I was with NRMA with my 2008 Polo GTI. I actually just left them to go back to Shannons, because for whatever reason, even though I've had no accidents in 5+ years, made no claims, and haven't changed the car in any way, my premium went up 33% to $1200 this year. For a $24k car driven by a 30+ y/o. Go figure! So I'm with Shannons again, paying under $1k and paying "by the month" (with no additional fees to do so).

[elisiX]

Good to know Corey.

I'm not quite sure if I will be sticking with NRMA once I visit Derek for my APR tune.

[Maverick]

It looks like im fresh out of luck.

AAMI and Just Car will not cover the entire value of the car, so I dont want to go with them
GIO will not insure me unless im over 25
HBA will noo insure me unless im over 23
Alianz will not insure me because im too young (they did not state when I could however)

Which just leaves RACV which want about $2100 depending on how I do the excess's.

What other companys do people recommend? Regards.

You will have to compromise. you can't drive it until late October anyway but you will still be paying the same for insurance in that time. RACV at $2100 is a good price, you're going to have to accept that insurance is that much and this is something you should have looked at before you purchased. I'd be expecting more like $3-3500 given your lack of experience, age, type of car and the propensity for your generation to wrap cars around trees.

[elisiX]

Don't sweat it. Shop around and just do your best.

It really is something to look into before buying.

[Maverick]

Always so diplomatic Mav.

Would you like me to sugarcoat the truth? He should have considered insurance before purchasing the car, no point complaining about it now especially when you consider that the price he's been quoted is quite good given the circumstances and that most insurance companies refuse to insure him.

[iBoost]

That's a pretty decent price imo for your age.

I had an S15 200sx (modified) when I was 20 and paid $3800 the first year, and $2900 the second year. I knew it was expensive but it was all I wanted at that stage and I decided I'd cop the insurance premiums in order to have that car for a couple of years before buying a property.

Unfortunately that's just the way it goes when your young. If you can't afford the insurance, you can't afford the car.

[Simz]

should try nrma?
i am like 24 live in a pretty crappy suburb with thefts rampant and stuff had license for 6 years on a 118tsi it only costs me $876 for comprehensive with 2k excess and market value

[Corey_R]

should try nrma?

He already has... RACV is the "Victorian branch" of NRMA.

[Pauly]

Yeah - I'm not really sure why Pauly is complaining about $2100 to insure his brand new $45k+ sports car. Considering his age, I would have thought it'd have been much more than that. Hell, back in the 90's it cost me $1300 to insure a $15k Corolla. $2100 for a GTI today when you're a teenager is a bargain!

I suppose I worded it wrong, the $2100ish doesnt bother me. Its the fact I have limited choice. So I dont know if I could get a better deal due to only RACV allowing me to insure with them. Which isnt a bad thing, ive head good things about RACV.

But yeah the lack of choice is a bummer.

[Pauly]

You will have to compromise. you can't drive it until late October anyway but you will still be paying the same for insurance in that time. RACV at $2100 is a good price, you're going to have to accept that insurance is that much and this is something you should have looked at before you purchased. I'd be expecting more like $3-3500 given your lack of experience, age, type of car and the propensity for your generation to wrap cars around trees.

Regardless of if I cant drive it until October legally. The car needs to be insured before it leaves the showroom. There is no way im getting the car driven from the show room to my home with the chance of having an accident.

The Money as I said is not an issue to me. Its the lack of choice that kind of surprised me.

[elisiX]

I've had to deal with NRMA (RACV) a few times in recent years.

My car was hit in the back a year or so ago and they were straight onto getting it repaired and chasing the other party.

Just recently I had a break in at my home and had a considering number of valuable items taken. Again, they came through perfectly.

IMO, NRMA is a little more expensive in Sydney but from my experience, you pay the extra bit for a hassle free relationship.

[Pauly]

Would you like me to sugarcoat the truth? He should have considered insurance before purchasing the car, no point complaining about it now especially when you consider that the price he's been quoted is quite good given the circumstances and that most insurance companies refuse to insure him.

Thanks for that Maverick, its nice to know the insurance is quite good considering. As I said, due to the lack of being able to compare with other decent insurance companies, I have no idea if its good or bad.

RACV it is then.

[Maverick]

Thanks for that Maverick, its nice to know the insurance is quite good considering. As I said, due to the lack of being able to compare with other decent insurance companies, I have no idea if its good or bad.

RACV it is then.

In a year you will find you can have more choice to move around and once you get over 25 providing you have a clean insurance record the premiums will drop substantially. Most of the members on the forums with GTI's seem to pay $800-1000 for a GTI with decent cover and that's for over 30 so $2000 is good value considering the extra risk you pose statistically.

[Pauly]

In a year you will find you can have more choice to move around and once you get over 25 providing you have a clean insurance record the premiums will drop substantially. Most of the members on the forums with GTI's seem to pay $800-1000 for a GTI with decent cover and that's for over 30 so $2000 is good value considering the extra risk you pose statistically.

Well thats great to know then!!! Again, thanks Maverick.