Euro Insurance

[foreskinner]

I was wondering if anyone has any info on the average insurance a year for a 03/04 euro is for a 21 yr old?

[Chris_F]

be safe to say under 1000 a year i think - depending on your rating. I'm with suncorp metway and mine is something like 1400 a year (keeping in mind i'm 18)

[nEUROtic]

Mine was 750 through Honda

I am 21, live in Brisbane, car is garaged.

[coladuna]

I'm 23 years old and it's costing me $680 with AAMI in Brisbane.

[foreskinner]

anything under 1000 is great, thanks for the info

[VirIIx]

23 with AAMI in sydney, $1200, 60% NCB.

There are also many threads about this if you do a search.

[PNR888]

hey guys, does any of you have your parents or some one over 25 y.o as your main insurer / policy holder??? otherwise you have to pay a large amount just for under 25 excess.

I paid almost $800 with AMP. in BNE, I am 29. me policy provides me free rental car for up to 14 days if the Euro needs to be at smash repairer.

[ICACHA]

Honda use CGU for their insurance, try giving them a call. They also have less than 10,000kms per year policy if you drive it less than 10K a year which the insurance is slightly less...

[VirIIx]

even if you have your parents as the main insurer, if you have the accident you still fork out a massive excess, and that it also ruins your parents NCB rating.

[EuroAccord13]

24 with Maximum NCB Rating One, AUD$853 with all my mods declared with Just Cars..

And If I am not wrong, being norminated the second driver does not build up your rating with insurance companies... I think..

[2jz]

Honda use CGU for their insurance, try giving them a call. They also have less than 10,000kms per year policy if you drive it less than 10K a year which the insurance is slightly less...
My personal experience is that CGU chooses the repairer purely on price and the work is less than satisfactory. They also want the repairer to use exchange parts (meaning repaired bumper bars etc). They do have lifetime warranty on the repair though.

[adammet04]

Honda use CGU for their insurance, try giving them a call. They also have less than 10,000kms per year policy if you drive it less than 10K a year which the insurance is slightly less...

Im through Allianz through my honda dealer (vic) little more expensive but pay by the month, however they are NOT mod friendly...im sitting pretty on about 1100 a year..but thats cause an idiot friend of mine crashed my previous car once

[albii]

$420 per year with racq insurance in brisbane..iam 28 rating 1 ncb 60%

[VirIIx]

just keep in mind it's hard to determine insurance, also dependent on area.

i know i did a quote for my car for fun of where i lived (north/western) sydney and someone who was inner west, i had to pay close to $800 bux more if i were to move to the inner west.

that's crazy.. but it's sydney for you :b

[Peekay34]

$420 per year with racq insurance in brisbane..iam 28 rating 1 ncb 60%


Gee that is very cheap...Because I put a body kit on mine it costs me around 1300 a year with rating one and 40 years old...and I work for the company I insure with...yuk. I will be changing to Western QBE which is a lot cheaper.

[Nickt]

I pay $890 with AAMI in Melbourne (26yo, rating 1). Most of the quotes were for over $1000.

Geez Brisbane has it good...I should move up there!

[Nikoy]

iam 20 never had an at fault accident before never lost my licence

the cheapest i could get on my 2005 milano red accord euro was
$2000 per year!!!!!!!!!!!!!

i live in a semi dodge area tho the car is always in a car port tho.

[EuroAccord13]

OT : Insurance needs to be built up.. Be prepared to pay lots more for a car when you are young.. Take me for example, my R33 GTS-T Full Comprehensive Insurance cost me $7000 when I was 19.. It was expensive because at that time, it was the only Manual R33 GTS-T Sedan in Australia

Insurance companies look into the Car, how rare it is, the security rating of the car, how popular it is in the "Stolen List", How new the car is to the market etc etc..

People generally advice new drivers/owners to build up their insurance rating by buying a cheapo car first and then progress to a more luxo build i.e Accord Euro etc :).. But then again, if you can afford the insurance, buy your dream car! :D

[Chris_F]

nikoy damn thats expensive , mines like 1400 or so and im only 18, have a stereo installed and 17" aftermarket alloys and the OEM bodykit :confused:

who you with?

[Nikoy]

honda insurance

every other company i called said the same thing.

The car is also under my business name not mine and is insured for business use as its my work car as well as my home car this also increases premiums.

[yfin]

iam 20 never had an at fault accident before never lost my licence

the cheapest i could get on my 2005 milano red accord euro was
$2000 per year!!!!!!!!!!!!!

i live in a semi dodge area tho the car is always in a car port tho.

Peekay - your policy sounds unusually high. I am AAMI - 29 - rating 1 - $705 (inc aftermarket items listed on policy)

Re the $2000 quote - why don't you insure it under your parents name with you nominated as a driver? I did this for years - some people told me not to do that as you don't build a rating. It is bulltish. When I was 25 I was offered rating 1 immediately and never had insurance in my own name before.

[VirIIx]

Re the $2000 quote - why don't you insure it under your parents name with you nominated as a driver? I did this for years - some people told me not to do that as you don't build a rating. It is bulltish. When I was 25 I was offered rating 1 immediately and never had insurance in my own name before.

If you are a listed driver without any accidents etc, you will benefit heaps.

In my case i wasn't a listed driver, but i was considered one of the 3rd party ppl who could drive it and was insured for.

Before i got my euro, i did some phone calls and quotes and told them i drove my parents car without issues for years and was offered rating 1.

[Nikoy]

Peekay - your policy sounds unusually high. I am AAMI - 29 - rating 1 - $705 (inc aftermarket items listed on policy)

Re the $2000 quote - why don't you insure it under your parents name with you nominated as a driver? I did this for years - some people told me not to do that as you don't build a rating. It is bulltish. When I was 25 I was offered rating 1 immediately and never had insurance in my own name before.

I couldnt have the car registered under my parents name. The car is leased under my business name therfore the car must be registered under the owner of the business otherwise it negates any tax rideoff i gain from leasing the vehicle.

[jnc]

my mate is paying 760 a year on 40% ncb.

[fongyfong]

i quoted myself for a accord euro i got quoted something like 1200 for a 40k car, but my 96 accord vtis is 1800 for a 12k car, now i thought that the more expensive the car is the, the more insurance would cost, guess i was wrong, how do they work out the yearly premium

[albii]

basically risk of accident factor and parts.

[Peekay34]

Peekay - your policy sounds unusually high. I am AAMI - 29 - rating 1 - $705 (inc aftermarket items listed on policy)

Re the $2000 quote - why don't you insure it under your parents name with you nominated as a driver? I did this for years - some people told me not to do that as you don't build a rating. It is bulltish. When I was 25 I was offered rating 1 immediately and never had insurance in my own name before.


Mate the reason it is so high is beacuse of the Honda body kit. This makes the policy expensive. Because it is not factory fit. I will be switching to western QBE this week as they policy is only $820.

[fongyfong]

whats the # or website to western qbe?

[Peekay34]

Because of the mods to the car QBE will now not insure me two weeks ago they would......Oh well wil have to stick with works insurance even though very expensive.

[Peekay34]

Changed the insurance now insured with RACV less than a grand with all the mods including the exhaust I will be fitting in a week or two..funny thing though the insurance costs a whole heap less but is still underwritten by the company I work for ..go figure.

[Nickt]

Changed the insurance now insured with RACV less than a grand with all the mods including the exhaust I will be fitting in a week or two..funny thing though the insurance costs a whole heap less but is still underwritten by the company I work for ..go figure.

That's strange because my mate is a team leader at RACV and could not insure me for less than $1800!!!

Best bet is to go to AAMI...they will give you a rating 1 if you have been driving for 5 years without an at fault claim. My wife just turned 23 and they gave her a rating 1 and she has never had insurance in her name and they did not increase my premium to have her noted on the policy, only thing is the age excess (an additional $350) is payable if she is driving. Also no extra for cosmetic modifications and up to three performance mods!!!

(For the record, suspension is a performance mod, wider wheels are performance mods, but wheels up to two inches larger in diameter and the same width are cosmetic - go figure!) :confused:

[Peekay34]

Ahh yes but I get staff pricing on the policy.....and AAMI won't touch them my father in law is in the panel shop repair industry and won't touch AAMI cars.

[Nickt]

Ah ha! So my "mate" who said he was trying to look after me obviously did not try hard enough!!!

I still like AAMI

[yfin]

Ah ha! So my "mate" who said he was trying to look after me obviously did not try hard enough!!!

I still like AAMI

All the insurance companies can be difficult when they want to be. AAMI probably has the worst reputation in terms of resisting or being difficult with claims. I am with AAMI but have never made a claim. I agree they are good with modifications. I will stick with them at the moment as they seem to offer the best price.

[EuroAccord13]

Don't even get me started on AAMI... Mmmmph..

[fongyfong]

whats the # or website to western qbe?

[Nickt]

Don't even get me started on AAMI... Mmmmph..

Problems with AAMI? Please explain? I have also heard they can be stubborn with claims, but I like the fact that a person actually answers the phone when you call! :D

[Peekay34]

Originally Posted by fongyfong

whats the # or website to western qbe?


Look in the phone book mate.

[Stargazer]

just keep in mind it's hard to determine insurance, also dependent on area.

i know i did a quote for my car for fun of where i lived (north/western) sydney and someone who was inner west, i had to pay close to $800 bux more if i were to move to the inner west.

that's crazy.. but it's sydney for you :b

Yep, I live in the inner-western part of Sydney and NRMA charge me 1700 bucks (25 y.o driver, 65% n.c.b for life).

Also, in reference to another post, your n.c.b should build up if you're a named driver on another (eg. your parent's) policy. I was pretty much on my mum's policy as a second driver for 5+ years. You should mention it specifically when you take out your premiums.

[h22a accord]

whats the f*&k you guys have got it cheap!!!!!!

i am 25, drive a 94 accord vti, had no at fault accidents, have 60% no claim bonus as as far as the insurance company is concerened the car is stock as a rock and i still pay nearly $800 a year for a car that has an agreed value of $7200.00


that sheet really pisses me off.


I think i should go to just cars or something and get proper car insurance.

[VirIIx]

my mates own civics 94 and 95, they're same age as me, pay like 2200 or so for insurance.. hehe

it's just the type of vehicle as well, keep that in mind.

lots of young people drive civics, especially older ones, more accidents - so they're gonna charge you more

[Lepperfish]

Are these quotes you guys have been stating for comprehensive insurance ?

[LOC888]

You people are paying really good premiums. Mine is 1700 with AAMI. All mods declared with them. Just wondering, are u people insuring at agreed value or market value?

[yfin]

Are these quotes you guys have been stating for comprehensive insurance ?

It is a $35k+ car. I don't think anyone here would be stupid enough to insure a Euro with just 3rd party, fire, theft.

[euro77]

966 with Just Car Insurance, rating 1, all mods covered

[VirIIx]

i just got hit with my greenslip.. $566 - that's outrageous.. if i was a year older (25) $330 odd bux, and the bad thing is my b'day is in october. Rego/insurance is June - rawted :(

[D168]

I am just wondering for all the premium below $1000 :confused: Do you choose a higher excess fee to reduce the premium such as Flexi-Premium from AAMI? It can cut your premium up to 50%.

[Lepperfish]

I am just wondering for all the premium below $1000 :confused: Do you choose a higher excess fee to reduce the premium such as Flexi-Premium from AAMI? It can cut your premium up to 50%.

Good question? :cool:

[yfin]

You people are paying really good premiums. Mine is 1700 with AAMI. All mods declared with them. Just wondering, are u people insuring at agreed value or market value?

I am with AAMI - I think the way my policy works is an agreed value of $35,000 or thereabouts (standard model 04). Re the question about higher excess - mine is standard excess of $400 and policy is $705.

[V205]

What's the reason he would't touch AAMI cars?



Ahh yes but I get staff pricing on the policy.....and AAMI won't touch them my father in law is in the panel shop repair industry and won't touch AAMI cars.

[Peekay34]

They dictate what panels/spares the repairers use so you could end up with Taiwanese copies or Second Hand panels. Not saying this is the case for the Honda but it does say that on the small print of their policies or did last time I looked at them.