Gday.We purchased a new car for the wife 16 yrs ago and we figured we should upgrade now for the last time so as not take a big chunk out of the super later on down the track.The agreed value was only 8K and the ins was 350$ per annum .So we picked up a used newer car for 35K and rang the Ins Co .No problem sez the lady on the phone.Now get this .....the agreed value was 38K and the yearly cost is the same as before!! Now if I could just get the van Ins down ! Cheers John
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Westy. Some people I know are like slinkies. They look really funny when you push them downstairs !
Perhaps it could have something to do with availability and cost of spares - a 16 year old car may have difficulty getting panels etc whereas a newer car has better parts/spares/panel availability.
That definitely has an impact on how they assess the "insure-ability" of vehicles.
cheers - John
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2006 Discovery 3 TDV6 SE Auto - 2008 23ft Golden Eagle Hunter Some people feel the rain - the others just get wet - Bob Dylan
we just did the same thing. Brought a brand new tug and went to insure it and the price was great also. I asked the nice lady on the phone why the new vehicle was not much more than the old? She said the "newer cars were easier to fix", just throw away the broken parts put on new ones!
Try this one on Green slip NSW which cover passengers and drivers not at fault.
A 7 seater passenger vehicle $345.00
Motor cycle $684.00 Same cover
Now consider that it doesn't cover driver/ rider at fault so the risk factor to the insurer for a rider is lower than the potential for hurting people within passenger vehicles
So why Double .?????????
Why doesn't this compulsory insurance apply to push bike riders and mobility scooters . If they run you down in a crossing say, there's No insurance cover your on your own
Then there's the optional comprehensive insurance for property damage.
Push bike rider runs into your vehicle , not uncommon for panel damage to run into the thousands but ,he she has no comprehensive vehicle insurance. Where to you recover that cost, IN COURT, more money out of your pocket
Insurance companies always want to insure you vehicle for more than it's really worth it's a bigger policy cost to you but when you claim suddenly the paid out is rapidly reduced and your vehicle written off as unrepairable . Run a policy for a year and 11 months in the vehicle is written off and the payout will be greatly reduced compared to the policy cover you thought you had.
The insurance industry is the greatest legalised scam of all time but you dare not leave home without it and they know it . The profit margins on insurance policies is down right obscene for what you get back
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Pets are welcome but children must be leashed at all times
Friends of ours were sued by an insurance company for damages caused to a vehicle that hit their child who was crossing the road but not at a zebra crossing.
