who drives WITHOUT insurance? poll

[buickman]

Originally Posted by Abacus

This is so true, at least so far as it relates to 3rd party property insurance. However, comprehensive should not be mandatory.

I only have 3rd party property damage, for the following reasons:

- After taking into account excess charges and loss of NCB, you need to be in a fairly major stack before its worth putting a claim in your comprehensive policy. I pay $396pa for 3rd party property, NRMA quoted me $1,870 for comprehensive. 2000 AUII V8 Ghia is worth around $14k-ish. Unless I'm going to write the car off or have it stolen every 10 years, I don't see any point in paying the difference. The situation was even more absurd with my EL - market value was about $7k and comprensive insurance would have been about $1,200.

Anyways, I'm insured against the damage I might do to other people. If I wreck my own car, I'll take it on the chin - its nobody elses problem except mine. Sure, if the car gets nicked or I get hit by another uninsured driver with no money, its a bummer, but again its my risk.

At least your sensible to have some type of cover. Some unfortunately think a car accident won't happen to them. I pay just over $300 for 3rd party cover for my Buick for same reason you have mentioned.

[Yaw]

Originally Posted by PirtekGirl76

Interesting point is that some Insurance companies will actually double the excess for young drivers if they are behind the wheel of a vehicle that they are not a named driver on. Sometimes it is a lot cheaper to bite the bullet and pay the extra and have all the facts disclosed rather then find out the bad news when everything turns pear shaped...

There are also a lot of insurance compaines that actually state in their product disclosure statement that if a driver that lives at your address is not listed as a driver on the policy they will deny the claim. READ YOUR PRODUCT DISCLOSURE STAEMENT.
This is true of a lot of insurers.

[LTDHO]

Originally Posted by Yaw

READ YOUR PRODUCT DISCLOSURE STAEMENT..

Ha ha.

No one reads it until after they claim and don't get what they thought. Idiots!

[Sorted]

Originally Posted by Yaw

There are also a lot of insurance compaines that actually state in their product disclosure statement that if a driver that lives at your address is not listed as a driver on the policy they will deny the claim. READ YOUR PRODUCT DISCLOSURE STAEMENT.
This is true of a lot of insurers.

You know why that is?!?!??!!

Is because of the kids, poor little kids cant afford insurance so they insure under their mummy and daddy's name.

This situation has cost insurance company's millions over the years where kids drive so called mummy and daddy's car and have an accident in it or write it off.

They are paying premiums based on the parents being the main drivers but having accidents all over the place.

ITS TIME FOR INSURANCE COMPANYS TO BIGHT BACK

and they are bighting back hard

You cant expect to get the cheapest possible policy out there and have all the thrills of Prestige Policy. eg every driver covered to drive your car

And on closing

IF EVERYONE WAS INSURED ALL INSURANCE POLICYS WOULD BE CHEAPER

If you could only pay your registration if you had motor vehicle insurance what a sweet Australia it would be

And for the people who say they cant afford it or their car is a bomb so there is no use insuring it - Get Third Party Property Damage Only, might cost you $200 for an over 25 year old.

Save you getting your *** sued of if you have an at fault accident and you are left paying for the rest of your life

[buickman]

Originally Posted by DRHEMI

You know why that is?!?!??!!

Is because of the kids, poor little kids cant afford insurance so they insure under their mummy and daddy's name.

This situation has cost insurance company's millions over the years where kids drive so called mummy and daddy's car and have an accident in it or write it off.

They are paying premiums based on the parents being the main drivers but having accidents all over the place.

ITS TIME FOR INSURANCE COMPANYS TO BIGHT BACK

and they are bighting back hard

You cant expect to get the cheapest possible policy out there and have all the thrills of Prestige Policy. eg every driver covered to drive your car

And on closing

IF EVERYONE WAS INSURED ALL INSURANCE POLICYS WOULD BE CHEAPER

If you could only pay your registration if you had motor vehicle insurance what a sweet Australia it would be

And for the people who say they cant afford it or their car is a bomb so there is no use insuring it - Get Third Party Property Damage Only, might cost you $200 for an over 25 year old.

Save you getting your *** sued of if you have an at fault accident and you are left paying for the rest of your life

I've just had my car fixed after a P plater reversed into it & informed my wife he had no insurance but had a mate that can fix cars what a laugh. Well the he is up for nearly $1,500 for repaires plus what adm costs my insurance company is going to add. When he gets the bill he is going to sook up big time. But it will teach him to drive around with no insurance on his car.

[LTDHO]

Originally Posted by DRHEMI

ITS TIME FOR INSURANCE COMPANYS TO BIGHT BACK

This will not happen, people sook enough about insurance companies as it is, the 'bight back' will only make people sook more.

Originally Posted by DRHEMI

You cant expect to get the cheapest possible policy out there and have all the thrills of Prestige Policy. eg every driver covered to drive your car

Everyone expects everyting for nothing. Which is technically steeling! No one looks at is 'value for money'.

Originally Posted by DRHEMI

IF EVERYONE WAS INSURED ALL INSURANCE POLICYS WOULD BE CHEAPER

If you could only pay your registration if you had motor vehicle insurance what a sweet Australia it would be

And for the people who say they cant afford it or their car is a bomb so there is no use insuring it - Get Third Party Property Damage Only, might cost you $200 for an over 25 year old.

Save you getting your *** sued of if you have an at fault accident and you are left paying for the rest of your life

It's needs to be mandatory. But will never be. After wasting money some people can't afford it and they will complain

[Jason[98.EL]]

i learnt the hard way

i let my insurance on the torana laps and guess what

i hit a new commy hardly put a dint in it and it cost me around 10 grand

so i now have atleaast third party fire and theft on my cars

the el has full comp

jason

[coyote]

Does anybody know if you can get a 3rd party insurance policy when using a trade plate. (QLD)
i know the trade plate has the compulsury 3rd party personal, what i am looking for is a policy for property.
I use a trade plate quite regularly moving unregistered cars.

[Penelope Pitstop]

Originally Posted by coyote

Does anybody know if you can get a 3rd party insurance policy when using a trade plate. (QLD)
i know the trade plate has the compulsury 3rd party personal, what i am looking for is a policy for property.
I use a trade plate quite regularly moving unregistered cars.

No because a car must be registered before taking out property insurance.

[LTDHO]

Originally Posted by coyote

Does anybody know if you can get a 3rd party insurance policy when using a trade plate. (QLD)
i know the trade plate has the compulsury 3rd party personal, what i am looking for is a policy for property.
I use a trade plate quite regularly moving unregistered cars.

Trade plates are held by businesses that should have insurance on their cars!

[EL_Alley_Cat]

I'm extremely povy at the moment, have very little money to my name at all (uni student) but I still manage to put fuel in my car and pay for comprehensive insurance (month by month) and save a little every week towards rego and the compulsory 3rd party insurance i cant afford to mod my car properly, so I don't, I started to need new tyres so I saved up early and got them before it became too dangerous, if I can do it anyone can!! lol

[Pyroay]

What anoyes me nis you cant take out 3rd party fire and theft for the value of the vehicle.

What use is fire and therft if it only cover my car for $5k when the replacement cost of my EL would be close to $100,000k

It has to be full comp or nothing for me...

[coyote]

Originally Posted by LTDHO

Trade plates are held by businesses that should have insurance on their cars!

Thats fine but what happens when you are moving other peoples cars
That said my major concern as these cars (except the new ones) ar low in value is to cover me for any damage I might do to someone elses property
Ie lapse in concentration driving old dunger and run into a GT how do I get cover for that?????????

[jabba]

Originally Posted by Pyroay

What anoyes me nis you cant take out 3rd party fire and theft for the value of the vehicle.

What use is fire and therft if it only cover my car for $5k when the replacement cost of my EL would be close to $100,000k

It has to be full comp or nothing for me...

You spent near $100K on an EL.. : I am sure there are better things you could of spent 100K on....

[XRQTOR]

Originally Posted by jabba

You spent near $100K on an EL.. : I am sure there are better things you could of spent 100K on....

Stuff knows. This is for a Ba, new engine $15,ooo, F1 procharger kit & fuel system $17,ooo, custom 9" setup $5ooo (Guess), Clutch & gear box mods $4,ooo, call it $1o,ooo for paint and another $1o,ooo for a custom interiour, $1o,ooo for an audio install.

Not to mention that this engine setup is good for 13oo+rwhp.

So $71,ooo ontop of the purchase price of the car, you wouln't be buying a new car and doing all that to it so a used Ba xr8 will run about $25,ooo-3o,ooo. Thats still only $1oo,ooo

[deankdx]

Originally Posted by Pyroay

What anoyes me nis you cant take out 3rd party fire and theft for the value of the vehicle.

What use is fire and therft if it only cover my car for $5k when the replacement cost of my EL would be close to $100,000k

It has to be full comp or nothing for me...

yeah, i think its wrong too, from when i had My EBXR6 and XG ute,
but with your car can you actually get a policy that insures for $100k? what is the premium for that amount?

[heckaz performance]

:thebirds: No insurance due to writing off an EB Fairmont ghia 6 weeks after purchase. I only made one payment on it before writing it off, and buying an EF which now has a smashed rear quarter, and 2 smashed 17's. Still, shells are cheap!!!!!!!!!!!! :thebirds:

[jabba]

Originally Posted by XRQTOR

Stuff knows. This is for a Ba, new engine $15,ooo, F1 procharger kit & fuel system $17,ooo, custom 9" setup $5ooo (Guess), Clutch & gear box mods $4,ooo, call it $1o,ooo for paint and another $1o,ooo for a custom interiour, $1o,ooo for an audio install.

Not to mention that this engine setup is good for 13oo+rwhp.

So $71,ooo ontop of the purchase price of the car, you wouln't be buying a new car and doing all that to it so a used Ba xr8 will run about $25,ooo-3o,ooo. Thats still only $1oo,ooo

FNNN ME, dosn't take long to add up to 6 digits. But for me, If I were ever to spend that kind of money on a Ford, I would hang my self. There are much better cars you can by for 100K... However, if the car is used to generate business, I can sort of understand why he has spent the Cash.......

[vegabass]

Originally Posted by jabba

You spent near $100K on an EL.. : I am sure there are better things you could of spent 100K on....

Hey Jabba, you say some stupid things sometimes. Yeah I have spent more on my EL than buying the car but I enjoy it. There are plenty of things you could spend 100k on but Pyroay "Chose" to spend it on his pride and joy.

I’m sure his car is cheaper than kids.

Back on topic, I have full comp insurance on my car. I would leave my driveway with out.

[Sorted]

If Third Party Property Damage Only Insurance was compulsary when you paid registration all insurance premiums would be cheaper across the board.

They should do it like the yanks - you have to produce registration and insurance if you get pulled over and if you dont have both you are fined or the car is towed.

And you can only renew your registration if you have a current insurance policy.

All these people that complain insurance is too expensive so then they dont have any at all

Third party property damage for over 25's is $200.00

[XRQTOR]

Originally Posted by DRHEMI

If Third Party Property Damage Only Insurance was compulsary when you paid registration all insurance premiums would be cheaper across the board.

They should do it like the yanks - you have to produce registration and insurance if you get pulled over and if you dont have both you are fined or the car is towed.

And you can only renew your registration if you have a current insurance policy.

All these people that complain insurance is too expensive so then they dont have any at all

Third party property damage for over 25's is $200.00

Should make them pay the insurance before you can put rego on the car.

[Yaw]

Originally Posted by coyote

Does anybody know if you can get a 3rd party insurance policy when using a trade plate. (QLD)
i know the trade plate has the compulsury 3rd party personal, what i am looking for is a policy for property.
I use a trade plate quite regularly moving unregistered cars.

If you have a legit trade plate you MUST be a business to have a trade plate.
That being the case you need a business insurance that will cover propety liability like that, it would be a complete business package.

If however you are "borrowing" a mates Trade plates YOU are not covered by the CTP offered on the trade plates and you could have some expensive problems.

[xwchick]

I always drive with full cover.
I have friends (with third-party cover) that had to park both there cars on the side of the road because there was no of road parking, they lost there cars because a teen driver with no insurance crashed into both cars (weighting them off) when he fell asleep behind the wheel late at night.
The court made him pay $5-$10 a week to them.

[megsy]

Originally Posted by drhemi

Third party property damage for over 25's is $200.00

im 20 now and am paying less than 200 for my 3rd party fire + theft although ive had the policy for 3 years without a claim or fine

[coyote]

Originally Posted by Yaw

If you have a legit trade plate you MUST be a business to have a trade plate.
That being the case you need a business insurance that will cover propety liability like that, it would be a complete business package.

If however you are "borrowing" a mates Trade plates YOU are not covered by the CTP offered on the trade plates and you could have some expensive problems.

Yes it is a legit trade plate
Yes I am a Business www.onspotpaint.com and yes you can get a complete policy for all business needs, however in small business sometimes the costs of such policies is not feasable,( a quote i was given was more than 10% of my turnover - NOT Profit - Turnover) I have been trying to get a policy JUST for the use of the trade plate

[XCGS351]

I have no sympathy for anyone who doesn't have insurance, you got to be a moron not to have one.

I had an accident last week I'm fully insured but the guy who I hit which was his fault has an international drivers licence and didn't have insurance. What has me dumbfounded at the moment is this guy has hired a lawyer to get his car repaired claiming I'm at fault.

So no money to pay for insurance but has money to pay for a lawyer?......WTF?

[Sorted]

Originally Posted by megsy

im 20 now and am paying less than 200 for my 3rd party fire + theft although ive had the policy for 3 years without a claim or fine

Just goes to show how cheap insurance is and there is no excuse on this earth not to have insurance on your car.

[ronwest]

Originally Posted by coyote

I have been trying to get a policy JUST for the use of the trade plate

I would try an insurance broker (actually I would try a few).

I've had some odd insurance requirements over the years and *all* could have been met.... for a price.

However, insurance (for someone of your age) should not be a prob and like most other industries is reasonably competitive.

edit: a free plug for coyote. He does *very* good work.

[coyote]

Originally Posted by ronwest

edit: a free plug for coyote. He does *very* good work.

Many thanks that has got to be worth a discount on your next job LOL

Have tried several brokers but they keep trying to bundle it with other things that I can not afford. and none of my existing insurers are interested on my terms either

[Craney]

Originally Posted by GreenEL

I know I wouldn't like to be without insurance. How would you be if you went through a shop front or a house without it? Bankrupt I'd say.

Thats it. Rear ending a seven series beemer is one thing, swerving to avoid the wayward child/ old dude/ moron scooter courier and mounting the curb at 60 clicks for a bit of impromptu parking in the BMW showroom would be a whole other world. Long live expensive insurance.