Car insureance for under 25's with v8's

[Emmzy]

Hey all,

Looking for feedback from people under 25 with a v8/turbo ...

Anybody have comp insureance approved? or any companies that allow under 25's to drive a v8 with a over 25 year old main driver?

Any feedback would be great!

[robbyj]

not sure what companies allow it, but best bet would be to get the main driver to ring his insurance company and get you added as a "sometimes" driver or whatever it is.

Would be worth ringing a few up too and getting different quotes as they may want to sting you.

[XRFutura]

i'm 22, got an FPV GT with an agreed value of $38,000 and I got full comp through NRMA with a premium of $1100, basic exess of $800 and age excess of $200, which I didnt think was to bad for my age.

Seeing that GIO wanted $1600 for my EL and would even touch me with the GT.

[TheZHLANE]

Im with shannons, started at 19yo with zh / 351, insured for 9k full comp and it costs under 500 a year.

[Emmzy]

Just searched NRMA and its not for SA people .. eeek!!!
TheZHLANE ... how did you get covered? I checked out shannons and they say must be over 25??

[Franco Cozzo]

Give JustCar a go.

[kenz]

Ive been with just cars since I was 22 when I got a v8 so about 3yrs now. Agreed value and my premium was/is about $900. I think excess is about $2000ish though

[TheZHLANE]

Originally Posted by Emmzy

Just searched NRMA and its not for SA people .. eeek!!!
TheZHLANE ... how did you get covered? I checked out shannons and they say must be over 25??

I rang up when i bought my car and just gave them my details. They never asked about being over 25?

[Bossxr8]

I've never had a problem getting any of my V8's insured, and i've had them since I was 18.

[Emmzy]

I've only had problems since the new law came in with people under 25 on their p's aint allowed v8's/turbos ... even though i havent had my ps for 4 years

[TheZHLANE]

Originally Posted by Emmzy

I've only had problems since the new law came in with people under 25 on their p's aint allowed v8's/turbos ... even though i havent had my ps for 4 years

Good ol' W.A.

[Emmzy]

Stoopid SA! Can't believe RAA wont cover anybody under 25 now!! I had my ba turbz with them for 3 years even! GOD! What is the world comming too :(

[scottyg938]

Im 19 and have my BA xr8 insure with aami, didnt have any problems finding insurance companies

[lamborghinifan]

22, 1x "at fault", 1x v8, $590 full comprehensive, racq, beaten by 10% by nrma. :-)

[kempy311]

Got my FG xr8 through just car value of about $36000 costs about $3000 a year but better then rac which want $6000

[Cheese3]

i got my T3 at 21, im 23 now and its about 1000 a year now, was 1600 at first.

aami didnt want to know me, rac was only company to insure ne

[a-total-tool]

I'm 24, with a EL Ghia V8. Insured with Shannons for the last 2 years. All mods listed (cam, exhaust, manual, bodykit, sunroof etc). No At fault claims, a few speeding fines. $972 for $10k agreed value.

Because I am under 25, I basically had to prove that I was an 'enthusiast' before they would even complete the quote.

[350125GO]

20 Y/O, 67 Fastback Galaxie 6.4L is 500ish a year for full comp on Shannons, agreed value 25K.

[scottyg938]

Originally Posted by a-total-tool

I'm 24, with a EL Ghia V8. Insured with Shannons for the last 2 years. All mods listed (cam, exhaust, manual, bodykit, sunroof etc). No At fault claims, a few speeding fines. $972 for $10k agreed value.

Because I am under 25, I basically had to prove that I was an 'enthusiast' before they would even complete the quote.

How did you prove to them you are an enthusiast?

[Streets]

Originally Posted by a-total-tool

I'm 24, with a EL Ghia V8. Insured with Shannons for the last 2 years. All mods listed (cam, exhaust, manual, bodykit, sunroof etc). No At fault claims, a few speeding fines. $972 for $10k agreed value.

Because I am under 25, I basically had to prove that I was an 'enthusiast' before they would even complete the quote.

Originally Posted by 350125GO

20 Y/O, 67 Fastback Galaxie 6.4L is 500ish a year for full comp on Shannons, agreed value 25K.

How come a younger person pays less for more cover when they are living in the same area? Is it just the speeding fines that would increase the premium?

[xisled]

Originally Posted by Streets

How come a younger person pays less for more cover when they are living in the same area? Is it just the speeding fines that would increase the premium?

Different car with a different set of stats.

I am 27 live outter western subs of Melbourne and it cost me just over $1700 a year to insure my BA GT. I did have the GT insured when I was 25 and 26 always been with Just Car, but I know AAMI will insure it to.

[Jadey_Baby]

I'm 23 and have a 03 Subaru Impreza WRX STI. Insured for $25,000 including mods (didnt need to list what mods) with RACV

[Cam]

I had my AU insured with Shannons whilst under 25, due to the list of mods they were happy to insure it for 20k, was 1500 a year.. No bad driving histoty which helps..

[a-total-tool]

Originally Posted by Streets

How come a younger person pays less for more cover when they are living in the same area? Is it just the speeding fines that would increase the premium?

As has been said before, it depends on the car and it's security stats. While it is most likely easier to steal the older car, a lot less of these would be stolen annually than the EF/EL falcon (such as mine)

Originally Posted by scottyg938

How did you prove to them you are an enthusiast?

Because I am running a typical run of the mill car (not something that an enthusiast would typically own), I did this by listing the extensive list of mods done to the car (as mentioned earlier, I have a lot. i bought the car off a fordmods member, he did not even recognise it as his old car lol)

[350125GO]

Originally Posted by Streets

How come a younger person pays less for more cover when they are living in the same area? Is it just the speeding fines that would increase the premium?

I believe it would have something to do with the drivers history (I have had one ticket, pulling out right, 1 day after they put the sign up 3 years ago ) and my car (not a car that people hoon in).

[ray38l]

It depends on the car. I asked why my v8 calais was cheaper to insure then an ss of the same year. I was told less claims are made on a calais. The ss even though the same engine and power wise was dearer because of the history associated with the model. Just car are pretty lenient with v8's for young people.

[LaurieO]

20 y/o, and RAA wouldn’t insure me for my new GS. They put me on to another department who quoted me $7500!! Justcars did it for $2000, and you can adjust the excess too.

I didn’t try Shannons though, a mate said they are hard to get insurance with?

[mrghia]

Iv had insurance with Shannons for 7yrs now iv never had any problems with them I found them easy to get insurance with and prices a similar to justcar as they are part of the same I have got 3 cars with full comp ins and all agreed value and I have the house and content ins with them to and it's all under $150 a month. And i only turnt 25 last yr too.

[Josh_XC]

I was 22 had a BF XR8 insured with AAMI was 900 a year and basic exess of $800.

[LOWBA6]

Im with SGIC here in SA and theyre great! Just Car are also pretty good too.