Ouch I forgot how much it costs to run a car!

[bigfoot]

Comprehensive $616 (NRMA)
Green Slip $526 (seems to have gone up heaps in the last few years...MCIS levy?)
Rego $274

Then add in servicing, petrol, tolls, etc and it soon adds up.

Just dont get me started on electricity prices!

[ill0gitech]

Green Slip $526 (seems to have gone up heaps in the last few years...MCIS levy?)

MCIS factors up to 39.5% of your Green Slip - depending on where you live
The Motor Accidents Authority have detailed why rates are increasing in 2013 - and that's mostly because insurers have cried foul over the claim increases, as well as their returns.

As for electricity, I blame the state government, AusGrid and IPART

[PoloGTI14]

You'll be paying yearly for the coloured plates

No, $Zero annual fee for standard coloured plates.

As for a Greenslip costing the same as car x - this isn't unusual.

Correct, cost changes with postcode and NRMA membership. MAA Premium Determination Guidelines provide basis for the premiums. Probably what mostly matters is did it cost the same or less than last year, in this case yes, albeit a different vehicle located at the same address.

some countries go as far as to use colour of the car as an underwriting criteria

Maybe so, but I am insuring my vehicle in NSW.

Where do you live & what's your excess?

Northern Sydney, excess $800. Original quote was $407 but I added one of the optional extras. My cover isn't the Comprehensive Plus product NRMA offers. A number of loyalty discounts and insured for market value; they replace a new car anyway. Premium difference between $800 and $650 excess is about $50 p.a., so I am taking a gamble that I will not make an at-fault claim in the next two years.

Cost for the Comprehensive insurance was one of the reasons I purchased the car.

[ill0gitech]

No, $Zero annual fee for standard coloured plates.

Awesome, this looks to be a recent change, as when I looked into doing this in the past it did have a fee to it, which is why I went to NRL plates, as it was a higher initial cost, but the same annual cost. Ditto with my motorbike, I went with personalised plates as it was only a little more than coloured ones.

[Lemonskin]

No, $Zero annual fee for standard coloured plates.

Really? I didnt know that. Oh well, mine are custom coloured and they only cost $99/year. Did you pay the $220 order fee?

Northern Sydney, excess $800. Original quote was $407 but I added one of the optional extras. My cover isn't the Comprehensive Plus product NRMA offers. A number of loyalty discounts and insured for market value; they replace a new car anyway. Premium difference between $800 and $650 excess is about $50 p.a., so I am taking a gamble that I will not make an at-fault claim in the next two years.

Hmmm still surprising its that low but loyalty discounts must really add up! I didn't get any loyalty discount as I haven't registered a car for 4 years. But I went with the full comprehensive insurance with $650 excess (but stupidly not windscreen insurance )

[wai]

You'll be paying yearly for the coloured plates

The coloured plates (no choice other than standard numbering) were introduced to lure those with the older non-reflective ones. This is because the reflective plates provide a better laser reflector!

I don't know if you heard, but one of the colours produced a washed out numberplate when the speed/red light cameras went off. I understand they were withdearn/replaced when this was discovered.

[wai]

Comprehensive $616 (NRMA)
Green Slip $526 (seems to have gone up heaps in the last few years...MCIS levy?)
Rego $274

Then add in servicing, petrol, tolls, etc and it soon adds up.

Just dont get me started on electricity prices!

Yes, it costs a lot to just have the car sitting in the driveway just ready to go for that drive. I remember discouraging my niece from getting a car when she was at university because she didn't really need it with good public transport where she was.

[bigfoot]

Motorists face $50 rise in cost of green slips

[Lemonskin]

Greeeeeaat. Like Green slips aren't expensive enough.

[ill0gitech]

Well at least you can wait until 2014 for that, since you only just regoed
The fire service levy being moved from home insurance policies to residents may come and bite you before then

[wai]

Insurance companies take no risks at all. When no claims are made that pocket the profits, and when claims are made that they have not provisioned for, they simply charge higher premiums. Once the claims are met, the policies remain high giving them higher profits.

Something to think about with any form of optional insurance.

It is like a casino. Individuals may win in some obscure instances, however the "house" ALWAYS wins.

[Lemonskin]

Another little expense on Friday. I got a car loan approved and the car is security on it. Told NRMA and they told me that bumped my premium up by $65! What the heck? Anyone know why that should happen? What difference does it make to NRMA if the car is financed?

[Hail22]

Just an FYI...car insurance is still pretty darn good here in Australia compared to Europe (trust me you don't see a lot of GTI's, Golf R's etc).

[PoloDave]

actually not 100% true, at least overe here golf 6 GTI is more common than the Polo GTI. That said, insurance is unreasonable and car prices are about 20% more than our neighbour Germany Maybe we like paying more for our cars, I don't know.

Golf R is rare-ish but all in all, nearly every 100km highway trip I make I will see at least 1 GTI (or other sport model of different brand) on the road

edit: just did some math: My insurance is €1560 a year (full insurance, all damage, including self inflicted + passengers covered) but that goes down every year without damage to about 80% discount after 15 years. It's a lot higher than posted here but we don't have to pay for anything else but road tax

[Guest001]

Another little expense on Friday. I got a car loan approved and the car is security on it. Told NRMA and they told me that bumped my premium up by $65! What the heck? Anyone know why that should happen? What difference does it make to NRMA if the car is financed?

Probably because the finance company is part owner and should you prang it terminally can claim ownership of a certain amount of it.

If you paid cash its yours and no one else's and so the insurance company would pay you out and take the remains to sell or whatever.

Most HP contracts say the article is not yours until its fully paid for so until then you are driving around in the insurance company's car, sort of.