Common sense says dont buy insurance. Look at me , driving for 25 years no accidents. If i have had full cover on my modified cars over that time id be looking at $1000 per year , thats $25,000.00 down the Sh*t hole. VS maybe having a crash. cost to me $0.00. Ive got 25 years driving left in me , i'll take my chances. And if it does happen i'll plead poverty and pay it off at $10 per week, over 25 years thats $13,000.00 , less than most full insurance cover over the same period
petermcg,
Oct 25, 11:20am
I still insure my house but phasing out motor vehicle insurance, and have 3 uninsured at the moment. It depends on the value of the car sometimes wether it is worth it or not.
elect70,
Oct 25, 12:02pm
Funny i thinkingthe opposite with household insurancegoing up300 % for EQC & around60% for general I wonder if its worth it . Unless live near an active fault . Then there is the realrisk of the insurance cobeing unable to meet claims( like AMI ) &restbeingforeign owned wouldnt bebacked by NZ govt if another bigclaim happens .Even govtcouldnt meet its EQC claims if the same thing happened tomorrow .
vtecintegra,
Oct 25, 12:05pm
It doesn't work like that
bevharris1938,
Oct 25, 3:40pm
How else does it work if you have no money !
mrfxit,
Oct 25, 3:52pm
Doesn't seem possible, but you would have even less if you had an accident & YOU were in the wrong
pollymay,
Oct 25, 4:03pm
You've obviously never had a wheel fall off or anything like that. I've towed 100k worth of race gear from Auckland to Palmerston North and a primera on the desert road crossed the line in dreamland. Couldn't move over was too heavy to swerve so I just braced, they barely cleared before the horn and lights made then shit their pants. If they had hit the wheels and axles on the covered trailer the whole rig would of left the road and doing near 100 weighing that much there would be large medical costs (if not straight dead) as well as a full top speedway rig written off and a bunch of tool chests etc, not to mention the truck. I'm not exaggerating, a well setup with covered trailer, spares, car, new quadbike, gensets, floodlights etc costs mega dollars. You don't even have to step out of line, that balljoint might just decide that pothole you hit was its last stand and then the car decides that big flash rig is a nice thing to hit.
If I lived through something like that I'd be ready to tear a new asshole into someone uninsured to.
fryan1962,
Oct 25, 4:11pm
I was travelling at 8klm a guy coming the opposite direction at 80klm I am not careless driver.the other driver had a hypo attack diabetic he passed out came across centre median strip and was airbourne we had a head on he then bounced off me and hit another 4 careful drivers new jag ripping out its diff.I had insurance I would not like to be in the position of his insurance possibly declining his claim as he was not medicating himself.interesting so man self righteous drivers in here saying how good they are
ninja_man,
Oct 25, 4:16pm
3rd party should be made compulsory. to many idiots crashing into innocent drivers then not paying for the damage
pollymay,
Oct 25, 4:20pm
Get full cover then. Pretty simple, prices will ramp with compulsory and you;ll be paying the same as what you do for full cover now as you do for third party under a compulsory scheme, probably more. It's pretty much non-debatable prices will go up cause of compulsory, Just look at international forums and what people with compulsory pay per MONTH, forget logic or why they shouldn't cause they will.
rpvr,
Oct 25, 6:42pm
No it shouldn't, this is what pushes premiums up, and we all suffer the increased costs to insure the virtually uninsurable. 3rd party should be compulsory but each driver should produce their own insurance certificate (minimum of 3rd party) to register their vehicle. If a driver is so high-risk that they can't get cover, then no rego, no car. That's the way it should be and how it is in the UK. You need to have a current insurance disc on the windscreen along with WOF.
mugenb20b,
Oct 25, 6:49pm
No it doesn't. It depends on the damage that you may cause to the other vehicle. Your $10 car can still create $10 000 damage to any car.
probuild3,
Oct 25, 6:55pm
What a pathetic comment, grow up
brummoi,
Oct 25, 10:04pm
untwist yer knickers, pb. It was tongue in cheek and aimed at all the smug gits who reckon they're such good drivers that they could never cause enough damage to justify paying for insurance. The fact is, any driver could be liable for writing off a merc and wankish comments along the lines of paying off the damage at $10 pw for 20 years or whatever just illustrate that these drivers are too irresponsible to be on the road at all.
aktow,
Oct 25, 11:23pm
you think like that. there is seizure of goods,, there are plenty of cases where people have applied to the courts for assets seizure,, they can take every thing you own .
aktow,
Oct 25, 11:30pm
i would add $70 extra on to 6 month rego and $140 on twelve months rego for 3rd party insurance. if you can show you have insurance then the added cost does not apply. i got 3rd party insurance last week for $145 for the year,
bellky,
Oct 26, 7:21am
that was a good price!
mrfxit,
Oct 26, 8:58am
Would be interesting to know what car & licence/ approx age & whats been covered
aktow,
Oct 30, 3:44am
sorry i replied to you on friday and i don't know why it was taken off. the car is a 1993 toyota corolla ,, full 3rd party which covers fire and theft,any driver over 25 years old. there isa $200 excess.
mrfxit,
Oct 30, 7:00am
Mmmmm thats pretty good, well done so far . Of course, claiming could be a different matter, I would imagine theres some fairly strict conditions to claims written in the fine print, but not a problem as long as you are 100% in the right. Far better then not being insured at all
lookoutas,
Oct 30, 8:03am
That's all OK - but what if that poor sole who's car you've just taken out, is on the bones of their arse and will never be able to replace the car that they have 3rd party cover on while you have nothing, and will now be paying them back at $10/week while they walk everywhere. Hope you will feel good about yourself. It's not how clever or good you think you are. Be responsible. The unforeseen has already been covered.
It never ceases to amaze me how little people who advocate CTP actually know about insurance.
lookoutas,
Oct 30, 9:33am
Shudup crzyhrse - I know that, I'm in the trade, even given that advise on here. You just stuffed my argumentive jolt:) What if they happen to have a nice 20K car, and will now have to revert to a 3K crappa with their insurance payout, because some clever uninsured dickhead is paying them $10/week.
crzyhrse,
Oct 30, 9:44am
Well, it's my position that if you have a $20k car and choose to either no have insurance or just 3rd Party then suffer a loss then that's really their really own problem to deal with - just like the uninsured in Quakechurch. That's one of the reasons I don't drive a $20k car too. Not even $10k. Not even $5k.
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