Insurance

chris · Post by **chris** » Mon May 14, 2012 3:19 pm

Ok, so long story short I am 18 Y.O. and have had a claim as I was run off the road and the driver didn't stop.

I can only just afford third party fire and theft.

What I am wondering.. is is a MX-5 a high theft rate? according to Club Auto it has a really high theft rate?

Growler · Post by **Growler** » Mon May 14, 2012 4:35 pm

Top 10 Stolen Cars (Source: AA Insurance claims data 2007-2011)

1. Honda Torneo
2. Nissan Elgrand
3. Subaru Impreza
4. Subaru Forester
5. Subaru Legacy
6. Nissan Skyline
7. Nissan Presea
8. Mitsubishi Libero
9. Nissan Cefiro
10. Nissan Sunny

The biggest problem is that the soft top is easy to get into.
Premiums are naturally going to be high because you are 18!

chris · Post by **chris** » Mon May 14, 2012 4:38 pm

I understand the high premiums... but I think that $1020 for third Party Fire and Theft is a bit excessive?

Born_disturbed · Post by **Born_disturbed** » Mon May 14, 2012 4:39 pm

Ha im 22 with a clean record and no claims and i think mine is higher than that... However im on full cover

chris · Post by **chris** » Mon May 14, 2012 4:47 pm

Hmmm bloody insurance! haha I got quoted $1500 premium and $1500 excess. the cars value is $3200 ..

Born_disturbed · Post by **Born_disturbed** » Mon May 14, 2012 4:49 pm

paid 1k

Insured straight away for 3400 ha

I know my excess is 900 cant remember the rest, this is with Clic

SLYDIT · Post by **SLYDIT** » Mon May 14, 2012 7:15 pm

mx5's ARE NOT a high theft rate...

in fact i dont know of anyone in the club who has had theirs stolen. more likely to have your soft top slashed so some loser can steal your $.50 in loose change and a cd.
MX5's are cheap to fix, not very powerful, low crash rate...god only knows wy insurance companies seem to hate them so much.
if your worried about theft then invest in one of the $180 GPS tracking devices so you can locate the car straight away if stolen

chris · Post by **chris** » Mon May 14, 2012 7:24 pm

^ BRILLIANT! I had thought about those but never really thought of it as a replacement over theft insurance....

Mr. Shine · Post by **Mr. Shine** » Mon May 14, 2012 7:37 pm

25 years old and I pay something like $650 per year for full cover with State (and have done for the past couple of years before turning 25), thats insured for $6000 including suspension modifications and hard top. If you're really stuck you could try NAC, they seem to charge about $1200 no matter what you drive or how long you've been insured with them.

chris · Post by **chris** » Mon May 14, 2012 7:42 pm

Cheers! I will defo give them a go!

being 18 really sucks!

WideOpenThrottle · Post by **WideOpenThrottle** » Mon May 14, 2012 9:02 pm

Also try Towes ins Brokers in Te Aroha.....a few years ago my sons turbo skyline for him was $400 odd and he was 20 at the time.

fiveisalive · Post by **fiveisalive** » Mon May 14, 2012 11:33 pm

chris wrote:being 18 really sucks!

Wait till you get to 40!!

Angreal · Post by **Angreal** » Tue May 15, 2012 12:11 am

Growler wrote:Top 10 Stolen Cars (Source: AA Insurance claims data 2007-2011)

1. Honda Torneo
2. Nissan Elgrand
3. Subaru Impreza
4. Subaru Forester
5. Subaru Legacy
6. Nissan Skyline
7. Nissan Presea
8. Mitsubishi Libero
9. Nissan Cefiro
10. Nissan Sunny

The biggest problem is that the soft top is easy to get into.
Premiums are naturally going to be high because you are 18!

What the hell. The Nissan sunny is not a car I'd have thought top 10 worthy. Mind you I don't know a few of those nissa s listed, but the sunny? To me its a cheap rental car...

Angreal · Post by **Angreal** » Tue May 15, 2012 12:14 am

Mr. Shine wrote:25 years old and I pay something like $650 per year for full cover with State (and have done for the past couple of years before turning 25), thats insured for $6000 including suspension modifications and hard top. If you're really stuck you could try NAC, they seem to charge about $1200 no matter what you drive or how long you've been insured with them.

Awesome, you just described me. Might give them a call tomorrow to get a quote. Been with AA for years at about 300/year on third party

ham · Post by **ham** » Tue May 15, 2012 8:10 am

Is it really worth full insurance on a car under 5k. With premiums like those quoted above after a few years you have paid for a new car. Third party a must though. $120 through AMI but I'm old

Bwarp · Post by **Bwarp** » Tue May 15, 2012 8:44 am

I'm 22 and have full cover with state for about $600 a year or so. Excess is quite high because of the type of car it is (gutless manual RWD 2seater sports car)....

Insured for $3000.

old scrubber · Post by **old scrubber** » Tue May 15, 2012 9:04 am

try a broker, they shop around for the best price, or try and lump it in with the olds house insurance

Furai · Post by **Furai** » Tue May 15, 2012 9:22 am

17 when I got my insurance 18 now, just over $1000 a year full cover with club auto and Ive written off a car. Main driver everything's in my name.

Growler · Post by **Growler** » Tue May 15, 2012 10:20 am

SLYDIT wrote:mx5's ARE NOT a high theft rate...
in fact i dont know of anyone in the club who has had theirs stolen. more likely to have your soft top slashed so some loser can steal your $.50 in loose change and a cd.
MX5's are cheap to fix, not very powerful, low crash rate...god only knows wy insurance companies seem to hate them so much.
if your worried about theft then invest in one of the $180 GPS tracking devices so you can locate the car straight away if stolen

I have know a couple of members in the past who have had thier car stolen - just for a joyride mind...
And as the MX5 gets popular with the "younger" guys with drifting etc, I'm sure the theft rate will increase...

Angreal wrote:What the hell. The Nissan sunny is not a car I'd have thought top 10 worthy. Mind you I don't know a few of those nissa s listed, but the sunny? To me its a cheap rental car...

Its because they are very easy to break into and start. I had one recently that was stolen off the property (Luckliy the local Detective was walking home from work that night and called his mates. Both offenders were caught down the road and are now in jail). When I went to get parts to repair it, the wrecker had a whole stack of rear quarterlite windows and ignition modules....as he sells them often!

Angreal · Post by **Angreal** » Tue May 15, 2012 10:33 am

I suppose it makes sense. Break in, free petrol until it runs out or something like that

chris · Post by **chris** » Tue May 15, 2012 11:13 am

Hmmmmm... I think 3rd party with GPS tracker is the way to go!

Plus more freedom when it comes to modifications with 3rd party.. And there really is little point in getting full cover!

Mr. Shine · Post by **Mr. Shine** » Tue May 15, 2012 11:17 am

chris wrote:And there really is little point in getting full cover!

Unless someone without insurance runs into you and you're left having to chase them up, potentially through the Court system, all by yourself. Assuming you even manage to get their details.

Kieran · Post by **Kieran** » Tue May 15, 2012 11:18 am

Im 19 and have full coverage on my 5 Ive had 3 claims in the past and my insurance is $600 a year through a broker and Im insured to drive anything

Oh yeah and mines insured for $9000

Born_disturbed · Post by **Born_disturbed** » Tue May 15, 2012 11:37 am

Name this Broker... ive been looking at seeing one

Kieran · Post by **Kieran** » Tue May 15, 2012 11:52 am

Hornibrooke Dolan
http://www.hdltd.co.nz/

Im a contract worker though so my 5 is covered through my business

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