Author Topic: Car Insurance  (Read 1007 times)

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Offline RS ZWEI

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Car Insurance
« on: May 27, 2016, 10:31:58 am »
So as many of you know I have had an itch that needs a scratch in the form of the Lupo GTI.
I decided to get a quote for insurance and what blown away on how expensive it was, and then also I assume regional insurance compares to big cities.

So to compare to the RS2:

RS2, full insurance, value of $30,000. Monthly pay: $48.77

Lupo GTI, full insurance, value of $6,000. Monthly pay: $47.70

How does that work? Only a $1 less for a car thats a 5th of the value and a 1/3 of the power.


What shocked me even more is that the current owner of the Lupo thats based in Auckland pays $80 per month for full insurance!

1980 VW Golf GTI Track Car
1995 Audi RS2
2003 Mini Cooper S
2006 Skoda Octavia vRS Combi
2009 Renault Megane 230 R26

Offline RobClubley

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Re: Car Insurance
« Reply #1 on: May 27, 2016, 11:01:48 am »
Insurance pricing generally makes no sense.
1985 ur quattro
2006 A4 3.2 quattro (Not to be modified by order of the wife!)
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Offline schattenblau

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Re: Car Insurance
« Reply #2 on: May 27, 2016, 11:07:34 am »
what about annual premiums ?

monthly payments usually cost more.

$80/mth, $960pa cos orklun !

 :P

but yes, insurance companies work in an alternate universe.

Offline slowmo

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Re: Car Insurance
« Reply #3 on: May 27, 2016, 11:12:59 am »
Try Youi  :laugh: :laugh: :laugh:

/sarcasm
MK6 GTI
B7 RS4

Offline vonripsnorter

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Re: Car Insurance
« Reply #4 on: May 27, 2016, 12:38:03 pm »
Pay Yearly, not monthly.

Is interesting how much insurance is for the very same car & Value in different parts of the country

When we moved from Auckland to Dunedin , Our insurance came down so much I was convinced they had made a mistake & phoned them about it .

Work this out for logic , Its not like we were in a dodgy area in Auckland , we were in the middle of Mt Eden not far from the Mt Eden Village , the cars were both parked off the street & not visible .

When we first moved to Dunedin, one of our cars had no off street parking & we told them this ( so you would naturally think more of a risk )

The insurance for the same car went from $800.00 a year in Auckland to $260.00 in Dunedin & our other car went from $300 a year 3rd party only to some where around $120.00 a year for FULL insurance

Same company, same value on the cars !

We have classic car insurance on our Beetle now, agreed value of $15,000.00 , for $152.00 a year  ($12.67 a month)
Probably be 3 times that in Auckland based on passed experience ??
« Last Edit: May 27, 2016, 12:51:24 pm by vonripsnorter »

Offline sifty

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Re: Car Insurance
« Reply #5 on: February 20, 2018, 03:52:59 pm »
So did you find any decent insurance in the end?

I have the Mk1s insured with AA on a Classic Car policy, but they say the Lupo GTI doesn't qualify as it's not old enough or rare enough.

Evidently 1997 is old enough if the car is considered rare.

Offline VW'n

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Re: Car Insurance
« Reply #6 on: February 20, 2018, 05:34:15 pm »
So did you find any decent insurance in the end?

I have the Mk1s insured with AA on a Classic Car policy, but they say the Lupo GTI doesn't qualify as it's not old enough or rare enough.

Evidently 1997 is old enough if the car is considered rare.

I found different classic car insurers have different takes on what they will insure.
With ami the mk2 golf didn't qualify.
But with classic car it did.
06 B6 Passat Wagon 2L Turbo (Family Wagon)
87 Mk2 Golf silver (the toy)
95 mk3 gti rusty ABF (Sold)
86 Mk2 Golf red (sold)
89 Mk2 Golf blue (sold)
85 Mk2 Golf GTI silver (parted)

Offline Mike1410

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Re: Car Insurance
« Reply #7 on: February 20, 2018, 05:36:23 pm »
Evidently 1997 is old enough if the car is considered rare.

Hmmm, I think it needs to be older than a 1997 car to qualify.  Most of our cars are insured with the AA - but they wouldn't put the Nissan Figaro (1991 and fairly rare in NZ if not elsewhere) on a classic policy as they said it wasn't old enough to be considered a classic (so that's actually with State who offerred a better deal). The AA did however agree to a classic policy on my 1982 Coupe Gt - $85 a year.

Offline 89 Coupe

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Re: Car Insurance
« Reply #8 on: February 20, 2018, 10:23:44 pm »
Pay Yearly, not monthly.

Is interesting how much insurance is for the very same car & Value in different parts of the country

When we moved from Auckland to Dunedin , Our insurance came down so much I was convinced they had made a mistake & phoned them about it .

Work this out for logic , Its not like we were in a dodgy area in Auckland , we were in the middle of Mt Eden not far from the Mt Eden Village , the cars were both parked off the street & not visible .

When we first moved to Dunedin, one of our cars had no off street parking & we told them this ( so you would naturally think more of a risk )

The insurance for the same car went from $800.00 a year in Auckland to $260.00 in Dunedin & our other car went from $300 a year 3rd party only to some where around $120.00 a year for FULL insurance

Same company, same value on the cars !

We have classic car insurance on our Beetle now, agreed value of $15,000.00 , for $152.00 a year  ($12.67 a month)
Probably be 3 times that in Auckland based on passed experience ??

Wow! May I ask who your insurer is? They sound great.
1991 BMW E34 535i
1989 Nissan Skyline R32
1993 Nissan Skyline R33 Coupe
1989 Audi Coupe Quattro
1996 Audi UrS6
1994 BMW E34 540i Touring
1994 Audi 80 Avant Quattro

Offline mangusta

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Re: Car Insurance
« Reply #9 on: February 21, 2018, 07:16:20 am »
Try classic car cover..i use them for my b5rs4,agreed value,etc etc 26 bucks a month,and i just put it up to 50 nz.i used them for a ferrari i had too ,both cars have capped millages though(thinks there 5000 k a year).never had any hassle with them..and you can get cover for the track too

Offline sifty

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Re: Car Insurance
« Reply #10 on: February 21, 2018, 10:25:50 am »
Try classic car cover..i use them for my b5rs4,agreed value,etc etc 26 bucks a month,and i just put it up to 50 nz.i used them for a ferrari i had too ,both cars have capped millages though(thinks there 5000 k a year).never had any hassle with them..and you can get cover for the track too

They're quoting me $495 ($41 / month) for a Lupo GTI for $5500 total value...

Offline sifty

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Re: Car Insurance
« Reply #11 on: February 21, 2018, 10:31:50 am »
On AA's own Classic Car Cover page - "What makes a Classic" they car pictured is a circa 2010 Mustang and they say
"Some later model vehicles may also be considered a classic. These are generally rare, hard to find, or are believed to one day be collectable."

https://www.aainsurance.co.nz/living-room/access-to-experts/what-makes-a-car-a-classic.html

Offline RobClubley

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Re: Car Insurance
« Reply #12 on: February 21, 2018, 10:39:58 am »
I'm with AMI for house and all cars.
The quattro is $52 a month fully comp, glass cover, no mileage restrictions, garaged at night in Wellington, agreed value of $45k

Strangely the A4 3.2q is $44.50 a month, same cover, not garaged, but it's worth less than 10k
1985 ur quattro
2006 A4 3.2 quattro (Not to be modified by order of the wife!)
quattro project

Offline sifty

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Re: Car Insurance
« Reply #13 on: February 21, 2018, 10:48:52 am »
I pay $141 per year for the Mk1 GTI covered for $12k.

It makes no sense to me that the Lupo GTI covered for less than half as much - at the same address in the same garage with the same drivers - costs more than 3 times as much.

Offline RS ZWEI

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Re: Car Insurance
« Reply #14 on: February 21, 2018, 11:06:27 am »
I pay $141 per year for the Mk1 GTI covered for $12k.

It makes no sense to me that the Lupo GTI covered for less than half as much - at the same address in the same garage with the same drivers - costs more than 3 times as much.

I guess its an expensive car to repair? Alloy guards etc.
1980 VW Golf GTI Track Car
1995 Audi RS2
2003 Mini Cooper S
2006 Skoda Octavia vRS Combi
2009 Renault Megane 230 R26

Offline sifty

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Re: Car Insurance
« Reply #15 on: February 21, 2018, 02:49:11 pm »
It'd be cheap compared to a B5 RS4 and with it only being insured for $5500 that'd be their maximum exposure on the car.

Best I've found so far is Trademe insurance at $380 / year.

Offline sifty

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Re: Car Insurance
« Reply #16 on: February 22, 2018, 02:30:25 pm »
After some polite discussion with an understanding person at AA they are covering the Lupo as a 'classic' for full cover at $118 per year!

Result!

Offline VW'n

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Re: Car Insurance
« Reply #17 on: February 22, 2018, 02:44:30 pm »
After some polite discussion with an understanding person at AA they are covering the Lupo as a 'classic' for full cover at $118 per year!

Result!

Wow that just shows you how much wriggle room there is if you get the right person.
06 B6 Passat Wagon 2L Turbo (Family Wagon)
87 Mk2 Golf silver (the toy)
95 mk3 gti rusty ABF (Sold)
86 Mk2 Golf red (sold)
89 Mk2 Golf blue (sold)
85 Mk2 Golf GTI silver (parted)

Offline davestokes

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Re: Car Insurance
« Reply #18 on: February 22, 2018, 06:30:34 pm »
Reading this I think I need to shop around. Paying $74/mo in Wellington for my S3

Offline davestokes

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Re: Car Insurance
« Reply #19 on: February 25, 2018, 07:59:02 pm »
Now paying $53/mo with Trade me insurance 8)