Too right it doesn't.All they are doing is risk assessing you and charging you accordingly.Do your darndest to get a good claim free record and also make sure the sods give you a discount when you turn 25, many of them don't automatically.NCB for life policies like AA offer for instance are also worth looking into.I've heard too many stories about people that have loyally lined up to pay their premiums to the same company for 20 years + and still been treated badly in the event of a claim.
franc123,
Oct 3, 1:34am
Yes they do, and more than you would think.Other letters and numbers they don't like are: S-K-Y-L-I-N-E I-M-P-R-E-Z-A L-E-G-A-C-Y T-U-R-B-O 6-C-Y-L-I-N-D-E-R V-8 M-O-D-I-F-I-E-D B-O-D-Y-K-I-T B-I-G-M-A-G-S B-I-G-B-O-R-E-E-X-H-A-U-S-T L-O-W-E-R-E-D (!)
xs1100,
Oct 3, 1:38am
the excess is showing the risk the insurance company is taking with your daughter so quickest way for her to lower it is to prove shes a safe driver by not claiming insurance or having a accident or tickets.quite simple is nt it
gedo1,
Oct 3, 11:02am
What puzzles me about this comment is how unhelpful it is.I mean, why not tell the poster which insurance company it is that gave you this rate.I would also like to know - because if it the same company that does all MY insurances, vehicle or other wise, then I will change companies because it indicates that I and many others are subsidising at risk vehicles/age/experience.C'mon. front up with the info!
gedo1,
Oct 3, 5:06pm
Hmmmm!Ginga4lyfe.Let's see.Turbo Subaru; at 17 years of age; Insurance company aware of all this; then. $150 excess; $180 per annum premium.Please let us know which insurance company - you will be doing us all a favour, when I think about it, because so many of us will want to use them - and.the insurance company will love you for bringing them so much business.So. how about it!
scuba,
Oct 3, 5:19pm
real question is did you ever claim on that policy. usually find there is more to it- insurance companies look for an out when those claims are processed or the car is actually in parents name as main driver/owner and extras are loaded when they find out driver is under 20/ on restricted/turbo / over 2.0 litre engine etc.
foxdonut,
Oct 3, 5:28pm
The excess covers how much damage your kid is going to do to someone else.
If the car is a heap of shit like you say then really the excess should be higher since its more likely to fall apart and cause an accident than a brand new car with more modern driver aides and better equipment. You're not insuring the Civic, you're insuring everything out there that the Civic can run up the back of.
bm4,
Oct 3, 5:29pm
ami is the better one in ourexperience with both our kids old cars with 3rd party the excess is high but rather 1kthan 40k if they hit a new merc
a.woodrow,
Oct 3, 5:30pm
More likely to fall apart! what do you base that on. wof standard is wof standard. Do you have statistics on how many crashes are caused by a car that "fell apart"!
foxdonut,
Oct 3, 5:48pm
Its stands to reason that a CIvic thats done a quarter million miles is going to be less structurally rigid than a Civic that just rolled of the assembly line.
"WOF standard" is a conveinient way to get money out of people every six months, not a yardstick to measure how good a condition your car is in.
gedo1,
Oct 3, 6:05pm
Eh!
marcos1,
Oct 4, 12:41am
You missed one.
R-O-T-A-R-Y
a.woodrow,
Oct 4, 12:46am
Less structurally rigid - but hang on you you said falling apart! and how do you know how many kms the OP's honda has done, they haven't said. So what are you're stats for cars falling apart.!
And I think you'll find a few avics along to chew your ears about the level of wof inspections in NZ, they do a pretty good job about keeping the deathtraps off the roads
aj254,
Oct 4, 1:46am
$1k excess is better than what I did,(18yrs old+no insurance+4x4hilux)+ almost new commodore+nose to tail =$4k repair bill. You can check the maths if you like!
ninja_man,
Oct 4, 1:49am
i think my excess is 750, im 18 with full license and drive an integra type r. Im insured with Tower, cheapest by far for me!
bm4,
Oct 4, 2:28am
and another expensive stereo system
aimz_bj,
Oct 4, 4:08am
Im 24 withafull license and have been driving since I was 15 and my excess is $950!
crzyhrse,
Oct 4, 4:20am
Ummmm that's how insurance works.
foxdonut,
Oct 4, 5:17am
WOF / VTNZ testing is a rudimentary checklist of basic issues to look at. My mother has a CRX Del Sol parked in the garage that leaks when it rains. It didn't when it was built, this means that the rubber around the targa top has decayed, as well as the chassis has twisted (likely, since it has no roofline rigidity) after 19 years and 180k of road vibration, reinforced by all the squeaks and rattles inside the car when you drive it.
The engine has never had a full overhaul and even the most rudimentary knowledge of mechanics would tell a person after thousands of hours of operation at high temperature, bits of metal are going to warp and glaze, meaning that its going to make less power and use more fuel than when it was built.
I've NEVER heard of a WOF station doing a water saturation test, dynometer test or checking a cambelt or valve clearances as part of a standard check.
The CRX has a WOF right now, is it mechanically sound! Of course not, the timing belt could snap tomorrow and it leaks when it rains. If I ran it on a Dyno I could practically guarantee it would be down at least 20 horses.
On the plus side though we know it "isn't too noisy" and had at least 5mm of tread a few months ago when she paid 60 bucks for some apprentice level mechanic to tick some boxes on his sheet.
Also its a safe bet that someone describing a car as a "standard shit bomb first car" is describing a car thats closer to "falling apart" than "concours de elegance best of show".
compchick,
Oct 4, 6:51am
Yup State refused to insure my bog standard Primera full cover, would only insure 3rd party once I had an amp/sub installed (it wasn't high end stuff).Was told it's "now a high risk vehicle" and that I'd probably need to get insurance with NAC.So I phoned NZI got full cover straight away no hassles and cheaper.Always pays to ring and check first before making any modifications to your vehicle >_<
gedo1,
Oct 4, 11:36am
I agree; it IS how insurance works - but only to a degree.My point is that if there are clear anomalies in the procedures and poorly laid examples like the one originally claimed (high risk vehicle/high risk age/low premiums/low excess) then I and surely many others want their insurance company to deliver a system that looks after the low risk group.Cutting our costs.And THAT'S how insurance works!
crzyhrse,
Oct 4, 2:54pm
Or perhaps you simply have the perception of risk blown completely out of proportion in your mind.
lady71,
Oct 4, 4:05pm
thats the way it is.both sons have full cover on all their cars and yes one drives a late model skyline and the other at 6'6" a falcon.leg room. they both pay $1400 excess and said happy to as their cars are not cheap. and before anyone asks both have full licences and they have no demirit points either. They love cars and both work full time to pay for them. Also get ones that have failed wof's and fix them up as a hobby.Been so lucky with them, just a good story for all those that have had 'sons' in trouble with vehicles.
matarautrader,
Oct 4, 4:21pm
Just insured our kids car. Daughter (18) has stock 1992 Nissan Sentra, son (17) has 1978 Toyota Corona with mags. Insured them under parents name but kids listed as main drivers for 3rd party only. Excess of about $1500 for each, but by listing under our name cost of insurance about $200 for each car. Seemed very reasonable. We are not insuring for their cars but for what they hit.
gedo1,
Oct 4, 5:27pm
Thanks for your comment crzyhrse. I did wonder if it may appear that I have that perception so this morning checked with friend who is CEO for NZ and AUS of a large Insurance Underwriter company.Strangely enough he said I had basically and quite succinctly described the basis of risk assessment by Insurance companies.So I then asked if there was an at risk group which insurance companies took into account.Darn it I was right again.Youth, powerful vehicles (naming certain brands) and more.Oh, well.always pays to check these things, don't you agree!
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