Car Insurance

Started by RS ZWEI, May 27, 2016, 10:31:58 AM

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RS ZWEI

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 (Written off - rear ended)
2005 Mini Cooper S
2006 Skoda Octavia vRS Combi
2009 Renault Megane 230 R26 (Written off - rear ended)
2013 Renault Megane RS265 Redbull RB8

RobClubley

Insurance pricing generally makes no sense.
1985 ur quattro
1992 Ford Courier - the sensible daily

schattenblau

what about annual premiums ?

monthly payments usually cost more.

$80/mth, $960pa cos orklun !

:P

but yes, insurance companies work in an alternate universe.

slowmo

Current: 2004 MK4 R32 3-door NZ New DBP

Past: 2010 MK6 GTI / 2013 Nissan Leaf LOL / 2007 B7 RS4 / 2006 MK5 R32 / 2005 MK5 GTI / 1998 MK4 GTI / 1997 B5 A4 MTM

vonripsnorter

#4
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 ??

sifty

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.

VW'n

Quote from: sifty 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.

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)

Mike1410

Quote from: sifty on February 20, 2018, 03:52:59 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.

89 Coupe

Quote from: vonripsnorter 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 ??

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 | 1995 Audi 80 Quattro Avant | 1993 Audi UrS4 Avant | 1999 Audi S4 | 2009 Audi S8 | 1995 Toyota Cresta JZX90

mangusta

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

sifty

Quote from: mangusta 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

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

sifty

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

RobClubley

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
1992 Ford Courier - the sensible daily

sifty

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.

RS ZWEI

Quote from: sifty 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.

I guess its an expensive car to repair? Alloy guards etc.
1980 VW Golf GTI Track Car
1995 Audi RS2
2003 Mini Cooper S (Written off - rear ended)
2005 Mini Cooper S
2006 Skoda Octavia vRS Combi
2009 Renault Megane 230 R26 (Written off - rear ended)
2013 Renault Megane RS265 Redbull RB8

sifty

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.

sifty

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!

VW'n

Quote from: sifty 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!

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)

davestokes

Reading this I think I need to shop around. Paying $74/mo in Wellington for my S3

davestokes

Now paying $53/mo with Trade me insurance 8)