Cheaper car insurance is available

Cliff R · Post by **Cliff R** » Sun Jul 22, 2012 9:08 am

Have now had the MY passed for rego for its 30th year and thought I would ask my car insurer (NRMA) if there were any options for cheaper insurance due to its age.
Have a look at this extract from the NRMA web site.

"If you own a car, motorcycle or scooter that’s more than 15 years old and keep it for recreational purposes read on about our NRMA Insurance Veteran, Vintage and Classic Vehicle Insurance.
Whether your pride and joy is a classic (15 years or older), vintage (made between 1919 and 1930) or veteran (pre-1919), we can provide cover for its agreed value against accidental damage, theft, fire, storm, flood and more"

Basicall, if your car is over 15 years old, its NOT your main mode of transport, and you are only going to do 900ks a year Classic insurance is the way to go and my comprehensive insurance went from about $175.00 to something like $115.00.
All this suited me and it may suit others.

YouTube · Post by **El_Freddo** » Wed Jul 25, 2012 12:53 am

Cliff R wrote:Basically, if your car is over 15 years old, its NOT your main mode of transport, and you are only going to do 900ks a year Classic insurance is the way to go and my comprehensive insurance went from about $175.00 to something like $115.00.
All this suited me and it may suit others.

Only 900kms per YEAR?? For a recreational vehicle that's not a lot in my book - one interstate trip to check out an area and that's it for the year!

I can understand those keeping the odometre reading low for a vehicle that's going to appreciate in value but a true recreational vehicle where you're going to actually use it it doesn't seem viable to me. If you do end up in a prang/making a claim the insurance company will be closely scrutinising the km usage!

Not for everyone, but I understand it will suit others who may have showroom quality cars, I for one am not one of these people

Cheers

Bennie

Cliff R · Post by **Cliff R** » Wed Jul 25, 2012 7:25 pm

The 900 a year suits me and you are right it is not much for a true req vehicle.
This figure is not mentioned in the literature but I was certainly asked over the phone if I would exceed this when I was setting the insurance up. If anyone goes this path maybe they could ask and let us know why 900 and not more.

B00sting · Post by **B00sting** » Thu Jul 26, 2012 3:27 pm

I use shannons. multi policy discount.
i have one car on full comp but laid up (restoration insurance), my latest on full comp and the brumby is only 3rd party. after the ej25 conversion its getting redone for 10k full comp minimum. coincidentally i just got my latest insurance today and no dramas even up to 15k full comp on a brumby so long as you have receipts and its legit.

however, i dont know what the premium will be lol...