Insurance - I'm soooo confused?
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  1. #1
    Sans Pond. STALLED's Avatar
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    Default Insurance - I'm soooo confused?

    Hey,

    Well I have been offered to drive a car in the family, Holden Commodore - (It still has a lion badge ) and it has an agreed insurance value of $7000.

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    Well dad has been on the phone to the insurer and now we dont know what to do regarding insurance? We are having problems working out the greenslip and the comprehensive insurance situation.

    Dad has informed the insurance company that I am a "un-nominated" driver for the comprehensive insurance - fair enough but if i do make a claim (fingers crossed that I dont have to) the excess is greater than being a nominated driver - understood completely!

    With the greenslip (this is what puzzles me) is that I am a "un-nominated" driver on the greenslip with just the age of the youngest driver on the car being put down on the policy - is this correct?

    What is the difference in being a nominated driver on the greenslip and a un-nominated driver on the greeenslip?

    The man which dad was talking to over the phone said that the amount for the greenslip would remain the same for the 1st year yet go up in price for the second?

    I am really lost here, can someone please help me out?

    Anyways thanks heaps!

    Stalled
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  2. #2
    Member radioactiveman's Avatar
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    Sounds weird, but then again, most insurance fine print does.

    Apparently younger drivers have to pay more for greenslips than older drivers, but I'm not sure about this. Maybe it's an age thing.



    Jamie

  3. #3
    Fellow Frogger! chris's Avatar
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    There's no such thing as a "nominated" or "un-nominated" driver for a greenslip. The idea of a greenslip is third party injury insurance for other people hurt in a crash. It's calculated (supposedly) on the risk of the car being crashed -- basically the age of the youngest driver, 'cos it's obviously that simple .

    You only pay for the greenslip yearly (at rego time) so it's really very generous of them not to make you pay for another one until then... can you tell I have a low opinion of the system?

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  4. #4
    1000+ Posts brenno's Avatar
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    Nominating my 16 year old sister as youngest driver made my CTP cheaper than nominating my 18 year old brothers. Weird.

  5. #5
    Tadpole Earth Yoda's Avatar
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    Default A restriction, there is.

    An `un-nominated driver`, A restricted number of times per year to drive, has he not?

    Exceed this number and meet an accident, the force will be unkind.
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  6. #6
    Sans Pond. STALLED's Avatar
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    Hey,

    After questioning dad further - he said that my age is on the greenslip.

    I think there must of been a mixup with the whole "nominated" and "unnominated" driver situation?

    Anyways, all sorted out now - thanks for the help!

    Stalled
    2005 Renault Clio 182 Cup

    2011 Renault Megane 250 Cup Trophee - Sold

    1997 Peugeot 406 2.0 Manual - On Loan

    2004 Citroen C3 1.4 80th Anniversary (RIP)

  7. #7
    Member Certifiable's Avatar
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    One day you will want comprehensive insurance in your own name on a car that's worth something. This can be horrifyingly expensive in the first years. My advice is to work your way to Rating One on something that's worth nothing. This would involve the policy being in your name, but you probably wouldn't have to own the car.
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  8. #8
    1000+ Posts bowie's Avatar
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    oh.. and when the ask you if you have ever had your license suspended, dont say twice

    the conversation tends to end rather quickly

    Lying is the best option. they'll never have access to your driving record so they'l never know either which way

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