Insurance for P-Platers?
#1
Posted 08 March 2010 - 11:35 AM
I am in the process of buying a supra, and have been looking at various insurance providers to cover it.
After looking very thoroughly, i found SGIC will cover me (As a second driver), but only for an agreed value of $7480. Unfortunately this amount will not cover the total car costs, and i will not be fully covered in the occurence of an accident.
I have looked at AAMI, Just Car, Allianz, Budget Direct, ING, You I, CGU, and Shannons, all of which either do not insure a supra, or criteria must be met in order to do so. In order to get my supra insured, i believe that i may have to go to a broker, is this true?
Also, as this is a car club, and if i were to pay the membership fee ($20?), what am i entitled to, and would i have benefits in insuring a supra?
Thanking you,
Jacob
#2
Posted 08 March 2010 - 01:07 PM
Best idea get parent to insure car and you be a nominated driver. Wont help you get an insurance history but get your P's over and then worry about that.
#3
Posted 08 March 2010 - 01:25 PM
im with justcars right now, im pretty sure they insure all supras, but is abit pircy. when i was going to buy a jza80 for 30k they want 3k a year and 3.5k excess fee... that just put me off...
#4
Posted 08 March 2010 - 01:51 PM
AAMI, SGIC, Allianz, all won't cover imported JZA80's, if they quoted you it must have been for an older Australian delivered supra because that agreed value is stupid..
Companies such as Just Cars or Shannons, Or Famous Insurance would be your options for an import, and especially as your on your P's.
#5
Posted 08 March 2010 - 03:44 PM
Secondly, RAA covered my MA70 import but they wanted 2500 premium for 12000 coverage so I said no and just chose 3rd party. . .
Thirdly, AAMI can get screwed IMO, I'm up for 2k+ excess for my work vehicle that I crashed. . . Don't give them a cent!
Anyways the A80 guys will likely be more help. . .
www.youngandcool.com.au aka Famous Car Insurance will if your 20+ (excess 1000+10%of mods or 2000 if at fault and you haven't done a driving course)
#6
Posted 08 March 2010 - 08:03 PM
As for Just Car Insurance, i would not be covered if the supra was under my mothers name, as Just Cars goes by the youngest driver, which means anyone under the age of the nominated driver will not be covered.
As for Shannons, they basically told me and my mother that i could not get car insurance with them, unless i was part of some car club, and that i needed to provide evidence in doing so.
SGIC seems to be the best option yet, but they will only cover me up to $7480, which doesnt even cover the total price of the car. They said that the reason for this is because SGIC go by the domestic value of the car which goes up to the maximum of $7480. ( I guess this must be due to Toyota Australia importing supra's into their dealerships bak in the day?)....
Anyway i guess my best option would be to go see a broker, anyone had any good experiences with a certain broker?
Thanks,
Jacob
#7
Posted 08 March 2010 - 08:21 PM
Why don't you cover the car under your name with Just Cars, not your mums, can't you just insure it under you?
$7480 sounds completely bogus too, redbook.com.au doesn't even mark that as the value i wouldn't think.
This post has been edited by Murry: 08 March 2010 - 08:22 PM
#8
Posted 08 March 2010 - 08:28 PM
#9
Posted 08 March 2010 - 08:30 PM
#10
Posted 08 March 2010 - 08:37 PM
It's under 400 a year, so its ok.
I'll be looking into getting my car fully compo'd in the next month or so once my rebuild is done, hopefully with agreed value.
I'll let you know how I go.
#11
Posted 08 March 2010 - 09:02 PM
When I was on my P's I was with CGU, but I didnt own the supra then. They're really helpful and I found their customer service to be great. Im sure you could get away with your mum paying the insurance and yourself as a nominated driver, it might be a little cheaper than Just Car. But it all depends on the supra, most places wont even touch an import these days.

















