Damn insurance

[Quirky]

When i had my Corolla, i had it insured for an agreed value of $5,000 , didnt ask me what modifications ive done either, apart from wheels, i just told them 1990 Toyota Corolla, fuel injected. I guess it changes when the car is worth a little bit more though

[Mad Murphy]

When i had my Corolla, i had it insured for an agreed value of $5,000 , didnt ask me what modifications ive done either, apart from wheels, i just told them 1990 Toyota Corolla, fuel injected. I guess it changes when the car is worth a little bit more though

And if you don't declare your mods your policy is effectively useless. They'll take one look at your car when you go to make a claim and say no. Insurance companies aren't nice, they don't care about you and the only thing they're interested in is profits. They'll do anything they can to get outa paying.

[Adydas]

When i had my Corolla, i had it insured for an agreed value of $5,000 , didnt ask me what modifications ive done either, apart from wheels, i just told them 1990 Toyota Corolla, fuel injected. I guess it changes when the car is worth a little bit more though

And if you don't declare your mods your policy is effectively useless. They'll take one look at your car when you go to make a claim and say no. Insurance companies aren't nice, they don't care about you and the only thing they're interested in is profits. They'll do anything they can to get outa paying.

Well said, thats a good reason why insuring a car under your perants fraudulantly when your the primary driver can hurt you when you go to make a claim..

[method]

When i had my Corolla, i had it insured for an agreed value of $5,000 , didnt ask me what modifications ive done either, apart from wheels, i just told them 1990 Toyota Corolla, fuel injected. I guess it changes when the car is worth a little bit more though

And if you don't declare your mods your policy is effectively useless. They'll take one look at your car when you go to make a claim and say no. Insurance companies aren't nice, they don't care about you and the only thing they're interested in is profits. They'll do anything they can to get outa paying.

Well said, thats a good reason why insuring a car under your perants fraudulantly when your the primary driver can hurt you when you go to make a claim..

But how will they ever know you were the primary driver?
Im Still trying to get insurance on my 76 corolla with a 4age.
Tried JRI but they could not get me agreed value insurance.
Other policies ive tried have been around the 1400pa mark.. for market value...

I was paying less on my modded evo for full insurance! And market value would have been way more than the corolla.
Im not prepared to pay for full insurance if its at market value, they could say the market value is anything between 2k and 10k...
Im trying to get a agreed value of 10k which isn't unreasonable.

At the moment i don't have insurance so im not really driving the car.
Im thinking of transferring the ownership under my parents name then trying to get insurance again.

[tsoob]

im over 25 so just need to get agreed value did they come and see the car or what?

[rollaholic]

And if you don't declare your mods your policy is effectively useless. They'll take one look at your car when you go to make a claim and say no. Insurance companies aren't nice, they don't care about you and the only thing they're interested in is profits. They'll do anything they can to get outa paying.

i have a friend who works for an insurance company, she said they could probably decline more than half of all claims they receive (not just car insurance) due to all the clauses in the policies, but they pay unless a claim is blatantly BS - because it would be terrible for customer retention if they only paid half of all claims.

[tsoob]

ok so i am emailing the insurance people that leon suggested, is it better to give them more info or less info when it comes to mods?
here is the list so far.

No accidents
No convictions
5 star alarm
Double lock up garage
Yes I am the only driver to be insured
I had insurance for 1 year with NAC no claims.


Before I start on the mods, this has been a project car over the last 12 months and Is nearly completed so I will list assuming it is all done.
Mods:

Advanti wheels 17”
Kyb shocks front
Monroe shocks rear
Dobi springs all round
Jvc stereo head unit (stereo not yet complete est value $1000 once fully installed)
Fresh paint job

Engine
Engine just been rebuilt, new rings, bearings and all gaskets.
Garret t3 turbo
Custom exhaust manifold
Tial 38mm exhaust
Blitz blow off valve
450x300x300 front mount intercooler
Custom intercooler piping (receipt for $1000 work done)
Microtech lt10s ecu
Mitsibushi evo fuel injectors
Walbro 500hp fuel pump
New radiator
New radiator fan
Custom exhaust system

[2LTR Rona]

the more info you can give them about specifics the better, can also include that its been certed as well

I also included a replacement value on some of the stuff I listed i.e. Mags

everything I listed was then clearly listed on my policy .

and that was through john rae as well

[TRD_ZERO]

There is probably no need to be posting your adress on here you never know who might be watching.

[tsoob]

shit thanks i didnt realise i cut and paste from the email .

[Bling]

.
New radiator
New radiator fan

no offense, but if you think you'll get cover with items such as these you might be mistaken




I guess it can't hurt to have more detail, but things such as shocks and spring brands I wouldn't have thought would be necessary to mention, i'd just say lowered. (my 2c) too much info and they might wonder about it

[tsoob]

yeah thats what i was thinking, dont want to be ott but then dont wanna get $&#$% up my a nus if i need to claim

[Quirky]

Just wondering, before i go to bed.
If i was to buy a cheap car, say...a 1.3 / 1.6lt Suzuki Swift, Reged and Wof'd for maybe $300, and then insure it under my name, then with the car i could either drive it or just leave it some where in the backyard.
Would that be a good idea to build a history with insurance?

(doesnt have to be a Swift, any cheap insurance type car)

The car, i reckon $500 max, reg: $220, and wof $90 per year.
Would probably work out to be cheaper at the end of it, eg when im 21 or 25 etc..no?

[Bling]

Cheapest option is for you to sell the Levin, buy something of less value as you suggest (doesn't have to be that cheap tho) and drive it for a few years, you'll then have full no claims bonus if you don't write it off and will be set to buy a newer car in a few years time.

Paying for a policy on the Levin with NO no claims bonus is never going to be cheap. With 60% off the policy price tho it soon drops down.

I owned a $2k car for nearly 4 years (got it when I was 17), by the time I went for the Levin I had at least 40% no claims under my belt.

[RevolutionStarlet89]

Im insured with NAC, rang them yesterday about insuring another Toyota this time a Trueno, With 2 tickets on my belt (speeding, Noisey Exhust) and just having written off my Levin i insured with them, my new trueno i valued at $5000 is $2 cheapers a year then insuring my Levin for $3000........ Go figure

[Quirky]

Cheapest option is for you to sell the Levin, buy something of less value as you suggest (doesn't have to be that cheap tho) and drive it for a few years, you'll then have full no claims bonus if you don't write it off and will be set to buy a newer car in a few years time.

Paying for a policy on the Levin with NO no claims bonus is never going to be cheap. With 60% off the policy price tho it soon drops down.

I owned a $2k car for nearly 4 years (got it when I was 17), by the time I went for the Levin I had at least 40% no claims under my belt.

But i worked ever so hard, and i rewarded myself with a "decent" car, with the help of insurance payout etc...

[barryogen]

But i worked ever so hard, and i rewarded myself with a "decent" car, with the help of insurance payout etc...

you bought a car without checking what the insurance would cost you first?

[Dell'Orto]

But how will they ever know you were the primary driver?

Private investigators.

[rolla_fxgt]

Just a query for that john rae email addie Leon kindly posted, is that valid nation wide or is it better to use a local dunners agent for them if they have one?
Reason i ask is after State's great new system change & all its problems i'm gona change all my insurance & rst of my family is thinking of changing their's too

[Leon]

Just a query for that john rae email addie Leon kindly posted, is that valid nation wide or is it better to use a local dunners agent for them if they have one?
Reason i ask is after State's great new system change & all its problems i'm gona change all my insurance & rst of my family is thinking of changing their's too

That's nationwide. I'm in Wellington, and they're in New Plymouth I think!