VASK Forum (VW Audi SportKlub of NZ)

GENERAL => General Discussion => Topic started by: RS ZWEI on May 27, 2016, 10:31:58 AM

Title: Car Insurance
Post by: RS ZWEI 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!

Title: Re: Car Insurance
Post by: RobClubley on May 27, 2016, 11:01:48 AM
Insurance pricing generally makes no sense.
Title: Re: Car Insurance
Post by: schattenblau 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.
Title: Re: Car Insurance
Post by: slowmo on May 27, 2016, 11:12:59 AM
Try Youi  :laugh: :laugh: :laugh:

/sarcasm
Title: Re: Car Insurance
Post by: 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 ??
Title: Re: Car Insurance
Post by: 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.
Title: Re: Car Insurance
Post by: VW'n on February 20, 2018, 05:34:15 PM
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.
Title: Re: Car Insurance
Post by: Mike1410 on February 20, 2018, 05:36:23 PM
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.
Title: Re: Car Insurance
Post by: 89 Coupe on February 20, 2018, 10:23:44 PM
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.
Title: Re: Car Insurance
Post by: 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
Title: Re: Car Insurance
Post by: sifty on February 21, 2018, 10:25:50 AM
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...
Title: Re: Car Insurance
Post by: sifty 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
Title: Re: Car Insurance
Post by: RobClubley 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
Title: Re: Car Insurance
Post by: 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.
Title: Re: Car Insurance
Post by: RS ZWEI on February 21, 2018, 11:06:27 AM
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.
Title: Re: Car Insurance
Post by: sifty 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.
Title: Re: Car Insurance
Post by: 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!
Title: Re: Car Insurance
Post by: VW'n on February 22, 2018, 02:44:30 PM
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.
Title: Re: Car Insurance
Post by: davestokes 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
Title: Re: Car Insurance
Post by: davestokes on February 25, 2018, 07:59:02 PM
Now paying $53/mo with Trade me insurance 8)
Title: Re: Car Insurance
Post by: Stickman on February 27, 2018, 10:25:53 AM
Insurance is odd.

I have both my 1996 Prado TX ($10k) and my 2007 Audi RS4 ($45k) insured with the same insurer. My RS4 is considerably cheaper than the Prado. I don't get it. Also, my RS6 Performance is disproportionately more expensive than either. I suspect that they are using the Southpark insurance bail out model...

https://www.youtube.com/watch?v=wz-PtEJEaqY