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7M-Brisbane
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Brisbane
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November 2002

Re: HELP need insurance for supra...	Thu, 01 January 2004 00:32

Be careful about dislosing your modifications. Your signature says that you have a few things done. My understanding is that most mainstream underwriters won't touch much in the way of modified cars - particularly modified turbo cars. I was with the RACQ a few years back (same thing, but in QLD) and they weren't even offering cover with a 3" exhaust on my VL turbo, 2.5" was the max. Clarify that they have all of your modifications listed - get everything in writing - or you're just wasting your money. Also, it's good that people are slowly understanding that different suburbs have an affect on pricing. One thing that people don't seem to get is that it's claims COSTS not claims FREQUENCY. If there are a handful of $50k cars written off in one postcode, and hundreds of minor accidents in another postcode.. the one with hundreds of accidents would be similarly priced if not cheaper! Same goes for cars... insurers don't just look at how many claims, how powerful the car is, or what stigma is attached - they look at repair costs. An example - in my experience the BA Falcon range is generally cheap on insurance. Why? Because most front end parts (eg headlights) commonly damaged in an accident are half the price of the same part on an AU model... which means they have low claims costs [Report message to a moderator]

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