Cars put in parent's name

[BJ]

Originally Posted by Psycho Chicken

I'll always have the car in my name and will never let any potential offspring (scary huh?) get it under my name.

You want the car? Pay for it out of your own pocket.

Just what until the day comes and they ask, and it will and you will say yes i no because my daughter is on her Ls and I would hate to see her paying such a high price.

[Brute33]

Originally Posted by Psycho Chicken

I realise that, but if you want a car you should be paying the costs that come with it, not finding shortcuts. You realise it affects insurance prices as a whole?

Seeing as they don't have a conscience , why should anybody else . F##k them. Screw them for every dollar you can , because later in life when you start paying insurance for something other than a car , you'll realise what insurance companies are all about.
Insurance companies have been using young drivers for years as an excuse to charge a bootload more , even when they haven't had an accident. In fact , they've been bleeding everyone for years , no matter who it is , young or old .

I pay what I have to pay to those bunch of leeches and no more. I detest them. :thebirds: :thebirds: :thebirds: :thebirds: :thebirds:

[loxxr6]

You should not be able to insure a car that is not in your name. Period. I would have thought this was already the case but freezer's case shows otherwise.

Fact is if u own your car and your parents insure it in their name for you and an insurance company finds out, you give them enough grounds to refuse your insurance policy/claim coz you lied about who owns the car.

You can't have other people insure things they don't own.

Insurance companies have been using young drivers for years as an excuse to charge a bootload more , even when they haven't had an accident. In fact , they've been bleeding everyone for years , no matter who it is , young or old .

Well if the majority of younger drivers didn't play dodgem car on the road then there wouldn't be higher prices for the rest of us.

Then compound prices with shifty smash repairers who do dodgy jobs and then there's the industry practice of charging different rates for private vs insurance jobs....

I wonder why insurance is so expensive ???

At the end of the day, insurance companies are a business just like anyone else and they pass their costs onto the consumer to make ends meet.

[XR-ENVI]

the rules are there for a reason. Its a pity its not policed enough. there are alot of p-platers out there driving high powered cars. Yes it is easy for an older person to have an accident in a high powered car, but statistics dont lie. Anything that can be put in place to try and avoid deaths of young people in cars is a good thing. I am in my mid 20's and own an xr6t and know the power that it has and sometimes see it as too powerful for me. I think back to when i was on my p's and when my friends were and we always saw ourselves as indescructable. I think it is important for people to get experience in a low powered car before driving high powered cars so banning them on p's is fair enough. HIgh powered cars, inexperience and mates in the back egging people on is not a good mix. SO parentes who allow their children to put their high powered cars in their names are being irresposible, the insurance companies put a high price and/or refuse insurance to young people with high powered cars intelligent reasons. sometimes a young person, who wants to drive a high powered car, doesnt see this. Narelle

[Yaw]

Originally Posted by loxxr6

Fact is if u own your car and your parents insure it in their name for you and an insurance company finds out, you give them enough grounds to refuse your insurance policy/claim coz you lied about who owns the car.

You can't have other people insure things they don't own.



Well if the majority of younger drivers didn't play dodgem car on the road then there wouldn't be higher prices for the rest of us.

Then compound prices with shifty smash repairers who do dodgy jobs and then there's the industry practice of charging different rates for private vs insurance jobs....

I wonder why insurance is so expensive ???

At the end of the day, insurance companies are a business just like anyone else and they pass their costs onto the consumer to make ends meet.

This is not quite correct.
There is no reason in the world you cannot insure someone elses car. (house is a different thing here). Quite often you will have someone that has borrowed a car on the proviso that they get the insurance. Registration DOES NOT PROVE OWNERSHIP anyway. Another for instance. A husband and wife buy a car and register it in one name only lets say the wife, there is no reason why the husband cannot insure it. What you all are getting at here is its cheaper to inusure in your parents name. Where I work regardless of who owns the car the premium and rating is worked from the youngest regular driver. You are kidding yourselves if you think insuring in your parents name is cheaper. You WILL come unstuck at claim time if you have given incorrect info. Not to mention if you have given incorrect info, it will be your parents that suffer on THEIR Insurance history. I dunno about you, but to do that to your parents is a pretty selfish low life thing to do!

[YuGoStaR]

Insurance is a topic that is dear to my heart, and I will explain why.
With some help from my parents, I purchased myself an EL XR6, I was on top of the world, couldn't wait till I got my license, and I've had it for little less than a year now. Not once have I had an accident, been part of one, nothing.
However, trying to get 'reasonable' insurance is just a joke. The lowest quote I have had is for $3100 for full comp, this was like 2 weeks ago, it was even higher than that before. While for third party it was $1600 or so. Trying to put it in parents name is impossible, as it is a 'high performance vehicle' and it is calculated according to the youngest driver on the policy.
Now I don't deny that the Rims, exhaust, lowering job etc. contribute to this, but such a high premium is ridiculous, I mean my friend pays $4300 for full comp on his Type R Integra and it is totally stock. Such premiums are insulting.
While I am here, might I suggest that all these statistics can go kiss my behind...
Just because there are whatever number of fools out there, why the hell should I pay for there idiocy ?? Just because some fool crashed into a pole last week, doesn't mean I will go and try to do a bigger crash, this mentality is wrong. Why must I have to pay for all the other idiots out there, such a system is stupid.
Its not like I leave the car outside with the keys in it, it's in the garage locked up, and that's where it will stay untill I'm 21 or the insurance companies pull their head out.
Living in the western Suburbs and being an 18 year old male looking for insurance on a 'high performance vehicle' (supposedly) is a joke. Seems like as soon as I say western suburns they think I will go kamikaze into a pole next week.
So to all the insurance companies, I salute you, with my middle finger at the ready.

[JC]

Yugostar - you should print out what you have just written, then read it again in 10 years times. You will be shaking your head just like I am now.

You can insure anything that you have an insurable interest in. ie, if you have a stake in something (anything) that may be lost due to an accident of some sort (or at least by an insurable event), then you can insure for that.

So....putting insurance in your parents name on a car that is yours is no problems at all. But the minute you tell the insurance company that you drive it more than 12 times per year - it may as well be in your name, as the premium will be the same, but you would be missing out on building your NCB.

A lot of the time, the only difference between insurance prices for an 18yo male, a 21 yo male and a 24 yo male is the NCB. 60% brings the cost down drastically - 60%, actually. At 10$ per year, it will take from 18 to 23 to build up the NCB to 60%. As soon as you have an accident, there goes 20% of it (if you claim, of course).

Once a male hits 25, premiums drop (it's 21 for females - don't ask me why). They drop again at 30, and that's about it. Why? because statistics show that people who survive the roads to make it beyond 30 have less accidents then those under 30. Therefore the risk of paying out on a policy is less for them, so it makes sense that they should pay less.

[Full Noise]

Is there anyone here that’s ever had to make a total loss claim on a vehicle insured in their parent’s name?

Originally Posted by GlennAUII

I've learnt how to drive in my dads XR6 Turbo from day 1. I don't see what the big deal is, its a good car to learn in. Its mad for overtaking :

It’s mad for overtaking, until you stuff up.

[70caprigt3k]

My XR8 is both registered and insured in my name, Given that its only got 3rd party property with fire and theft $300 is a damn sight cheaper than $4500 a year and if the time comes that the car does get bent i can use the risidual $4200 to fix the thing myself.

[CaRtZ]

ok first off i turned 18 on the 11th of jan and am going for my p's on the 17th.
restrictions are there for a reason. however the restrictions are becoming ridiculous. i have a EF s/wagon with a tare wirght of 1450kg and 157kw @ the fly wheel. this works out to 108kw per tonne. the law restricts to 125kw per tonne. i believe this number is too small. we wont learn to control high powered cars with no experience. then the day we turn 21 and buy a high powered vehicle.... god help us!
as of july 1 2007 the number will go down from 125. us young ppl are in big trouble.
we cant have power coz we have no experience. but when we get power we have no experience. vicious cycle really....

[Full Noise]

Originally Posted by CaRtZ

we cant have power coz we have no experience. but when we get power we have no experience. vicious cycle really....

Sorry mate, that comment is absolute bulls**t.

I’m not having a go at you personally, being 18 once myself I can understand your way of thinking, however, I just don’t agree with it. If you can drive your EF for three years and not bend it, you’ll be in a lot better shape to handle a more powerful car when you’re 21.

You can still get into a lot of strife in an EF. They’re not that gutless.
Good luck with your P’s, just don’t go killing yourself.

[merlin]

Originally Posted by JC

So....putting insurance in your parents name on a car that is yours is no problems at all. But the minute you tell the insurance company that you drive it more than 12 times per year - it may as well be in your name, as the premium will be the same, but you would be missing out on building your NCB.

A lot of the time, the only difference between insurance prices for an 18yo male, a 21 yo male and a 24 yo male is the NCB. 60% brings the cost down drastically - 60%, actually. At 10$ per year, it will take from 18 to 23 to build up the NCB to 60%. As soon as you have an accident, there goes 20% of it (if you claim, of course).

Once a male hits 25, premiums drop (it's 21 for females - don't ask me why). They drop again at 30, and that's about it. Why? because statistics show that people who survive the roads to make it beyond 30 have less accidents then those under 30. Therefore the risk of paying out on a policy is less for them, so it makes sense that they should pay less.

Exactly - I had full 60%NCB on my 23rd (or maybe 22nd?) birthday - makes a big difference. Though I have always owned "high performance" cars and never paid over $2000 for insurance (and I live in Syndey) - maybe you guys paying more should have less accidents and speeding fines... :

[Polyal]

Yeah I dont know where some of these qoutes are coming from, im glad my Ghia is only $600 per year...lol

If you knew they would be so high why did you get your car in the first place?

Insuring it in someone else's name is soft, the price is high for a good reason.

Although, I recently put my GF on my policy, and she is 1.5 years younger than me, and it went down by $20. Not much I know, but I was expecting it to go up if anything.

yawn at another thread with P platers having a cry

[glenneaux]

Strange huh.. you guys are getting huge premium quotes..

(i get quoted $900 and something for full comp on my EBII fairmont, i'm 20 btw)

I just did a full comp quote on racv's site for a 2006 bf2 xr6t with $1k worth of mods, insured for $50k and i get quoted $1585.

If only i could afford an xr6t (and be allowed to drive it..), i might be able to afford to insure it.

[I FluXx I]

my up and coming xr6t is going to be registered and insured in my mums name. Im in wa so I can legally drive a turbo. BUt there is no way im paying what the insurance companys have quoted me. $4500 for insurance! Its a bloody rort and I wont pay it

[HLC]

I'm 19, (p-plater), and my car is in my parents name. (i still pay for it)

that is only to get cheaper insurance though. the power restrictions do not apply to me.

[HLC]

Originally Posted by Full Noise

Is there anyone here that’s ever had to make a total loss claim on a vehicle insured in their parent’s name?

Yes, on my old ED. NRMA paid up in 5 days.

[Allen]

Im 19, and all three of my cars have been in my name... 2 of which were 5.0 windsors, I've always had to pay stupid insurance premiums myself...

Although I would be perfectly capable of driving my dads car, it would be illegal simply due to the power of the thing (Landau, with injected 429CJ)
I drove it once on my L's, and I doubt i'll get behind the wheel for at least 2 years, and its for a good reason... I can handle my Fairlane V8 no worries, but the Landau is far to potent for me at the moment...

So, yes I think it is irrisponsible to have the car in your parents name, just for the sake of more power...

[Polyal]

Originally Posted by HLC

I'm 19, (p-plater), and my car is in my parents name. (i still pay for it)

that is only to get cheaper insurance though. the power restrictions do not apply to me.

Mate thats pretty tight. How much could your policy be for a stock AU?

[notty1978]

If mum and dad dont mind do it kids for many years have been in fast cars and its the only way you will learn if you dont when you get older you will get one later on and it will SCARE THE **** OUT OF YOU and you will be worse off
these new laws are only to cause more accidents and they have in the pass

[MITCHAY]

Originally Posted by Polyal

Mate thats pretty tight. How much could your policy be for a stock AU?

Better in his pocket then theirs!

My TX5 was registered and insured like that. $800 comprehensive a year for a car we bought for $4k! But I didn't pay for any of it so couldn't care less.

I own my WRX completely which I bought when I was 19. The premium is calculated on the youngest driver so it would mean nothing if I put it in my mums name.

I can tell you now the TX5 was way less safe then my WRX.

[XAGSV8]

What ever happened to a crappy first car with third party insurance. My parents would not buy me a car and certainly not put the insurance in there name. It was about teaching me responsibility for my own actions and how to budget money. If I could not afford to keep the car on the road it was my problem. The benifit of this other then teaching me life lessons was my insurance got cheaper faster because I have had a policy for longer. Once you get to a rating 1 there is not much to pay at all.

As for Steve Bracks he was voted in and these laws are there because of that. Even if you don't like the laws you still have to obey them.

[BAFalconXT]

South Australia has no intension of making these laws as they have been proven not to work. The under 25 road toll in SA has dropped 30% this year... Compare that with NSW and VIC....

[Grasshoppr]

To all those cheating the system, to get the discounted premium you have to lie to the insurance company, and guess what??? Thats fraud. Some maybe lucky and have not got themselves into trouble, but it is only a matter of time.

For those P platers who are having a winge, do as JC has advised. Write it down and keep it safe for 10 years. You will be amazed at how experience changes your views

[Polyal]

Originally Posted by GSWXA

What ever happened to a crappy first car with third party insurance. My parents would not buy me a car and certainly not put the insurance in there name. It was about teaching me responsibility for my own actions and how to budget money. If I could not afford to keep the car on the road it was my problem. The benifit of this other then teaching me life lessons was my insurance got cheaper faster because I have had a policy for longer. Once you get to a rating 1 there is not much to pay at all.

As for Steve Bracks he was voted in and these laws are there because of that. Even if you don't like the laws you still have to obey them.

I agree. I had an EA for my first car, brought it for $6k (LOL...ripped off!) and I only had full comp for my first year.

I see no point paying full comp on any car unless its worth more than say $5k, just wasting your money.

Then again it depends on the individual.

[MITCHAY]

Originally Posted by GSWXA

What ever happened to a crappy first car with third party insurance. My parents would not buy me a car and certainly not put the insurance in there name. It was about teaching me responsibility for my own actions and how to budget money. If I could not afford to keep the car on the road it was my problem. The benifit of this other then teaching me life lessons was my insurance got cheaper faster because I have had a policy for longer. Once you get to a rating 1 there is not much to pay at all.

I didn't pay anything on my first car bar upkeep and petrol. I know how to budget money, that's why I own my car now and not a cheap one either!

As if you wouldn't appreciate it or knock it back if they did the same thing for you?

Originally Posted by BLKPhoon

To all those cheating the system, to get the discounted premium you have to lie to the insurance company, and guess what??? Thats fraud. Some maybe lucky and have not got themselves into trouble, but it is only a matter of time.

If you tell the insurance company that you are the nominated driver you are fine. We got our discount because of multiple policies with the same company.

[Cooper69S]

its not a good idea to lie to insurance companies, at least not about things they're likely to find out if they do any investigating - if they're likely to cancel the policy when you claim, you may as well be uninsured.

that being said, if an insurance company will give you cheap(er) insurance in your parents name after you have told them you are the main driver, then good for you - anyone who suggests you shouldn't use this option is nothing more than a spoilsport...
it was about 14 years ago so insurance company rules might have changed, but my first 2 cars were registered and insured in my parents names. i was listed as driver 95% my dad 5% (he drove it sometimes) and full comp insurance was under $350. because i was listed as a driver, the experience was counted towards my own NCB and my first insurance in my own name was on 60% NCB - i'd had no accidents so to suggest my doing it this way affected other people's premiums would be rubbish...

[blackers10]

im 20 yo turning 21.. i own my fairlane(well paying it off) and i pay the full comp insurance of $1500 odd per year (Started as $2500 when i got it a year and a half ago)

[joe260]

Originally Posted by lizardmech

Whats the reason for banning P platers from 6 cylinder BA falcons, I really hope to find out one day.

They weren't talking about 6 cyl coz as far as i knowits mainly high performance vehicals they are banning P platers for like turbos and v8'S not 6 cyl

[Green X]

Do what you want and If something happens just pay the $700-1000 unlisted driver excess and move on.

Insurance company’s screw you, and will drop you claim any way they can so why should you let them screw you over on Rubbish insurance costs aswell.

I know a guy who had a 2001 TD Landcruiser Stolen last year it was insured for $40,000 and had payed his renewal less that 2 months before it was stolen.

When it was stolen it had just had $3000 worth of accessories added that he hadn’t yet notified the company of.

Car was stolen fairly devested, but thought he would be right, had been with the same insurance company for 20 years, filed his claim, they offered him a $33000 pay out for a car that had just been insured for $40,000 WTF (Basically told em to GET ********), 1 month later and fighting tooth and nailed he got $38500 final pay out from them.

Yeah do the right buy the Insurance Company, LMAO, Pull you head out of the sand, if they can screw you they will.