Insurance on a 306
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  1. #1
    Fellow Frogger! jfn180's Avatar
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    Insurance on a 306

    hi all

    i`m looking around for a new insurance company i`m with nrma but my car is under my dads name and i`m paying $800 a year,but they don`t know that i`ve done the exhaurst,the thing is that if i put the car under my name is will cost over $1500 as i`m under 25 aswell

    So i`m looking for a new insurance company so that i can put my car under my name and that are cheaper than NRMA,dose anyone know a good company or who a you with,
    my car is a 1997 306 style with the exhaurst and system done to it

    thanks
    johnny

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  2. #2
    Gem
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    Hey,
    I have a rating 2, my car is under my father's name and I am paying $540, for full comp. I was quoted around $800 if I had the car under my name.
    My insurance is with Suncorp.
    A lot of companies have forms you can fill out on the web, that give you an estimate on the amount you pay, then and there.
    You can even try a broker to find the cheapest for you.
    Good luck with it.
    ps my car has no mods.
    ~ gemma ~
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  3. #3
    2000+ Brad's Avatar
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    I too am with Suncorp. I am a rating 1, over 25 and have the stereo insured up to $2000, exhaust and lowering all on record, and I pay $70 a month, thats $840 a year including the extra I pay for paying monthly (about 10% i think). It's insured to market value and I have a $350 excess.
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  4. #4
    Moderator Alan S's Avatar
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    I don't know if this is relevant to non sports cars or not, but one of my sons got full comp on his Nissan GT-R.
    It wasn't cheap, ($2500 premium with $3500 excess) but FWIW, nobody else would touch him, including his father letting him put it onto the paternal handle, but we now know that they are good to deal with when you have a claim (which is exactly why the paternal handle didn't want to get involved) mallet mallet
    Apparently even a demolition expert like him can go back once it's all back together again and get a better premium due him being over 25 by the time the bits get here from Japan....then again at present rate of progress, it could also be covered as a veteran car by then. cry deal

    Alan S cheers!
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  5. #5
    1000+ Posts tekkie's Avatar
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    I am not sure about the parent thing. Just make sure there isnt a clause in there restricting the number of times the car can be driven each month.

    Insurance folk will chase that info up (work people, friends etc) in case there is a major claim, and void it based on that you have driven too many times.

    Im with AAMI and touch wood I wont have to make a claim, but my friends Clio was very professionally handled. And they seem pretty cheap. Some other young people with the swifts tend to rave on about Justcar insurance. Apparently justcar is quite happy with modded cars as well.
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  6. #6
    Moderator Alan S's Avatar
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    This trick about putting it in parents names is a trap unless of course the son or daughter is named as the regular driver or at least as one of the drivers.
    The main reason being that if they aren't they can pay the premium & then after a few years, when they attempt to get it in their own names, they have no driving record as far as the Insurance company is concerned, hence don't get any allowance for no claim & can still have problems getting covered.
    "Riceboy" son has a mate who also had a GT-ST(?) who just happened to get insurance using his fathers name & address, had a memeory lapse as regards the fact it was turbo & didn't mention the car wasn't at the old man's address but was about 90 klms away & then sent it rubber side up down the Bruce Highway. cry
    The Insurance paid it out without question, so he went & bought another one (glutton for punishment) and of course repeated the dose with teh Insurance. A couple of weeks ago, he managed to bounce it off a guide post & into a culvert and totalled this one too, but this time they wiped him like a dirty **** moon
    So when you have problems getting cover even in a parents name, that's the kind of gooses that cause the problem & the reason why I wouldn't buy into it particularly with one of those overrated recycled piles of bolts.

    Alan S 2_cents
    If it ain't broke, use a 12" shifter.....that usually does the trick!!

  7. #7
    rek
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    I must live in a really good area for insurance... I'm 23 (well, 22 when my policy last rolled over) and rating 2, and pay a tad over $1100 for my 2000 GTi6, which is still financed (hopefully not for too long though!) This is through RACV, which as far as I know is the same as NRMA as far as their insurance arm is concerned.

    I've heard one big downside of the "under the parent's name" thing is that you don't accrue a rating history for yourself from most insurance companies.
    Peter
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  8. #8
    1000+ Posts Shobbz's Avatar
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    I have the pug in Dad's name.

    No probs so far. I am listed a a primary driver, I think.............

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  9. #9
    Sense Pug307's Avatar
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    rek:
    I've heard one big downside of the "under the parent's name" thing is that you don't accrue a rating history for yourself from most insurance companies.
    But I guess you have to weigh up the benefits of doing so.

    Starting a fresh with insurance when you're 18 when the car is worth more must surely cost more, than insuring for the first time at 23 with a car now worth less. Even if you ignore the value of the car, at 23 without a record you surely must have a lower risk profile than that of an 18 year old starting out with no insurance record.

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  10. #10
    Moderator Alan S's Avatar
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    Pug307:
    rek:
    I've heard one big downside of the "under the parent's name" thing is that you don't accrue a rating history for yourself from most insurance companies.
    But I guess you have to weigh up the benefits of doing so.

    Starting a fresh with insurance when you're 18 when the car is worth more must surely cost more, than insuring for the first time at 23 with a car now worth less. Even if you ignore the value of the car, at 23 without a record you surely must have a lower risk profile than that of an 18 year old starting out with no insurance record.
    That's just the problem Justin, you don't until you get ovwe 25, by which stage you could have "the Little Woman" in tow and if she decides to start to drive after she gets married, as some do, you're behind the 8 ball until you're 30.
    The companies who specialise in younger drivers such as the one my fellow's in are a better option or in the case of using a parents name but nominating the sibling as main driver/a driver means the no claim credits are carried over and often the penalty is a slightly higher premium but a MUCH higher excess. This way, the onus is on the younger driver to (a) Drive more carefully or (b) Not make a claim if they have a bump. cry wink

    Alan S wink
    If it ain't broke, use a 12" shifter.....that usually does the trick!!

  11. #11
    Gem
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    With Suncorp I am listed as one of the major drivers, even though it is under my fathers name, and I have gotten an insurance rating.
    Depends on who you go through I guess.
    ~ gemma ~
    '95 306 S16
    [MYS16]

    Azide tastes nice on my cereal.

  12. #12
    Fellow Frogger!
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    26 and in Sth West Sydney (the worst area in Aust for ins.) 60%/Rating 1. I pay $1200 through Young & Cool (yes it's a real coy) I'm covered autmotaiclly for stereo $1000 and wheels $1000. Also, they'll cover exhaust, lowered suspension, etc for about $50-$100 per year xtra.

  13. #13
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    just cars will insure anyone..... but at a price $$$$$.
    and their excess for me with my last car was $3500.

    i'm now with GIO (i think) and have gotten around the insurance under a parents name by having the car registed and insured under "dual ownership" with my mum, was $1500 which inclulded $7500 for sound system, loss of licence + all infringments, i get my own rating and if i clain i get the benifits of 60% ncb coz my mum is on the policy.
    excess is $700 for me (19, loss of licence).

    GOOD LUCK.

  14. #14
    1000+ Posts CHRI'S16's Avatar
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    ....as wrote in another thread, beig with Shanons, under me and only me, full comp is $1400. Including all the little mods and how i drive it, and were i live and my CAMS number etc.
    Much better than my 1st few years, $4800 full comp.... ouch! with NRMA. - chris

    ps - all the time was under my name, and now i have protected 50%NCB.
    ... ptui!

  15. #15
    Fellow Frogger! jfn180's Avatar
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    hi all

    well i try aami and they want nothing to do with me because i have done the exhaust ,so i`m looking at are few more companys in the next few days,

    i`m 22yrs old the car is pay off i have never loss my licences,i never had a speeding fine or anything like that (touch wood)i live south of sydney, and they still want over $1700 that shits me
    97`black 306 style sold JFN 306
    04 Black 206 GTI 180 JFN 180 FOR SALE
    I HATE V8 LANDCRUISERS


    WEST TIGERS= PREMIERS 05

  16. #16
    Moderator Alan S's Avatar
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    Johnny,

    This is who my son got his GT-R through..(don't tell 'em you know him & you might be alright) eek! mallet

    <a href="http://www.youngandcool.com.au/links.html" target="_blank">http://www.youngandcool.com.au/links.html</a>

    Besides your driving record, a car alarm/immobiliser, sometimes a fire extinguisher, whether the car is locked in a garage and the postcode of the area in which you live all have a bearing on premium. cry
    In years gone by, even anyone known as a "total abstainer" got good rates. They were usually non drinkers & non smokers so even some of those things could be used to lower the premium, in fact there was one company called "Ansvar" and it used to be that you had to sign a stat. dec. that you were a total abstainer so as to qualify for insurance. If you got done for DUI you were in deep shi+ when they found out, particularly if you were involved in an accident.

    Alan S 2_cents
    If it ain't broke, use a 12" shifter.....that usually does the trick!!

  17. #17
    1000+ Posts tekkie's Avatar
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    jfn306:
    hi all

    well i try aami and they want nothing to do with me because i have done the exhaust ,so i`m looking at are few more companys in the next few days,

    i`m 22yrs old the car is pay off i have never loss my licences,i never had a speeding fine or anything like that (touch wood)i live south of sydney, and they still want over $1700 that shits me
    what do you mean "done exhaust"....
    you mean to say you arent allowed to exchange a faulty exhaust system for the non-oem?
    Ask them to inspect the car. Dot tell them anything over the phone. Just ask for the inspection. Or go elsewhere.
    .
    1300cc's of jap buzzbox delivered the times below.

    EC 1:54.6 , Wakefield 1:13.15 , OP (short) 52.00 , OP GP 1:24.40


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