SLO:KE Posted October 31, 2008 Report Posted October 31, 2008 hey guys!! I'm having heaps of trouble trying to insure my new ke55 rolla. I'm 18 and its being insured under parents name with my as a nominated driver. nrma, racv and just car insurance HATE the modifications and shannons don't let 18 year olds drive. even thoe ALL mods are 100% legal and engineered. can anyone help me at all or recommend a company that will insure me. thanks Quote
67Rolla-Ken Posted October 31, 2008 Report Posted October 31, 2008 Just cars wouldn't even cover some of the cars in their adds... Good luck. Once your 25 Shannons are the way to go, but untill then I have no idea. Quote
irokin Posted October 31, 2008 Report Posted October 31, 2008 Do you need full comprehensive (which IMO is kinda a waste of money for an old corolla) or just 3rd party (+fire/theft?)? Quote
kangaroosa Posted October 31, 2008 Report Posted October 31, 2008 (edited) I had my Corolla insured with Shannons from when I was about 21 y/old. Maybe their policy has changed since then? Have you tried calling them back at different times to see if you get onto a different operator that is more obliging? Even dropping into one of their offices may be more successful. Worst case could be that you get the car insured through shannons, but in your parents name. Surely they wouldnt be that strict as to not let 18 y/olds be nominated drivers. Just cars either didnt want my business or the operator was having a bad day when he quoted me a $1500 full comp premium for my (at the time) $1600 market value Corolla. Shannons now insures it for $4000 with a $400 premium. You probably already know, but Shannons only offer Full Comp or Third Party only. Fire and Theft are not on offer. Maybe has something to do with the higher risk of the insured cars being stolen due to their modified and valuable nature. Have you tried this company? I have never dealt with them myself. Famous Insurance Edited October 31, 2008 by kangaroosa Quote
coln72 Posted October 31, 2008 Report Posted October 31, 2008 The only way the old man could get his FE Holden (std except for 7" chromies) insured was through an insurance broker. Cause of its age none of the major companies would touch it. Quote
Redwarf Posted October 31, 2008 Report Posted October 31, 2008 (edited) hey guys!!I'm having heaps of trouble trying to insure my new ke55 rolla. I'm 18 and its being insured under parents name with my as a nominated driver. nrma, racv and just car insurance HATE the modifications and shannons don't let 18 year olds drive. even thoe ALL mods are 100% legal and engineered. can anyone help me at all or recommend a company that will insure me. thanks What mods are done to the car, and can you legally drive it on P-plates? Are you the registered owner or your parents? Edited November 1, 2008 by Redwarf Quote
philbey Posted October 31, 2008 Report Posted October 31, 2008 Give us some details: What's done to the car, why did they knock you back, what reason did they cite etc. I insured an engineered CA18 Turbo Bluebird wagon with Vigil car insurance when I was about 20-21. Fire and Theft, about 800 bucks a year. Just Cars have huge excesses, and their policies are quite inflexible. I insured my '78 911 with them because Shannons weren't convinced (when I was under 25) that I was a genuine Porsche fan, instead of a cashed up young bloke. Shannons are looking at hardcore enthusiasts, not blokes that have tricked up their old jap banger. They will ask you some difficult questions before they insure you. As far as they're concerned, you are driving a common as muck corolla with a big engine, definitely not the market they're after. CGU insured my Ke16 full comp for about 250 bucks. When I put the 911 onto Shannons after 1 year of Just Cars, I put the rolla on with them for about the same money, 250 bucks, covered for 5000! Quote
SLO:KE Posted November 3, 2008 Author Report Posted November 3, 2008 its a black ke 55 2 door coupe pro respray 2tg conversion with extractors, twin solex carbies full recaro interior, momo wheel and knob 2tg box hi ace diff,brake booster celica front disks and calipers sun roof 17'' simmons everything is 100% engineerd but they wtill don't like it. one guy told me the 2tg was way to powerfull for that size of car and to unsafe. and thats coming from the same guy that didnt know what water cooling was..... I'm ringing famous car insurance tomoro thanks for the help guys! Quote
Redwarf Posted November 3, 2008 Report Posted November 3, 2008 (edited) I'll ask again, is the car rego's to you or your parents? Just because it's engineered, doesn't mean they have to insure it. You, being 18 are at the highest risk point of your driving life, which already makes insurance companies cringe. The fact that you are trying to get around it by being a nominated driver may seem like a good idea ATM, but if it can be proven that you are the primary driver, the insurer doesn't have to pay up. Hence myquestion about who's name it's rego'd under. It's essentially not the car they don't like (mostly), it's you. They consider an 18 YO in a modified vehicle too bigger risk to insure. I have a PRC spec KE35 with all your mods and more, and it costs me $350 fully comp. I'm 36. Edited November 3, 2008 by Redwarf Quote
TOYRLA Posted November 3, 2008 Report Posted November 3, 2008 GIO mate, i had a ke25 4age insured for $10,000 and it cost me under 300 bucks. i was about 21. give them a call now, they don't close i think Quote
kangaroosa Posted November 3, 2008 Report Posted November 3, 2008 (edited) I'm ringing famous car insurance tomorothanks for the help guys! I filled out their online quote form and got a reply today. They wont insure anything worth under $5000. So they basically didnt give me anymore info than that. Agreed value may be the only way to get insurance through them. As for GIO - I just spent 10mins on hold in a supposed que waiting to get a quote. Then I got disconnected. So i called back and smashed random keys on the number pad to get onto an operator.......who then told me that the quotes department is only open from 6am til 10pm. So myself and others (realistically) would have been waiting until 6am before an operator actually picked up. Maybe they have a good scam going with the phone company. Edited November 3, 2008 by kangaroosa Quote
orangeLJ Posted November 3, 2008 Report Posted November 3, 2008 GIO have a vintage and veterans insurance policy that covers vehicles over 30 years of age. My 1973 LJ torana is covered for $16,000 full comprohensive (I'm 20, had my licence suspended, 2 30km/h speeding fines etc etc) and I only pay $340 a year. Registered and insured in my name since I was 17. Insured for $10,000 when I was 17, fresh P plater, modified car and it only used to cost me $289 a year. They are cool with modifications aslong as they are legal and you notify them. Quote
kangaroosa Posted November 4, 2008 Report Posted November 4, 2008 (edited) GIO have a vintage and veterans insurance policy that covers vehicles over 30 years of age. My 1973 LJ torana is covered for $16,000 full comprohensive (I'm 20, had my licence suspended, 2 30km/h speeding fines etc etc) and I only pay $340 a year. Registered and insured in my name since I was 17. Insured for $10,000 when I was 17, fresh P plater, modified car and it only used to cost me $289 a year. They are cool with modifications aslong as they are legal and you notify them. I just called GIO for a quote under their Veterans and Vintage policy. 1975 Cars and Older. My 1974 Corolla with 12A Rotary etc. (as long as its engineered and roadworthy) Full Comp Insurance - Insured for $10,000 $450 Excess $322.50 Premium Full Comp Insurance - Insured for $15,000 $450 Excess $350 Premium The policy carries all the benefits of the regular full comp policies apparently. I'll be reading the fine print. But it looks like Goodbye Shannons!! Edited November 4, 2008 by kangaroosa Quote
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