Author Topic: CRAZY insurance prices  (Read 10331 times)

0 Members and 1 Guest are viewing this topic.

Offline Ammerty

  • post whore
  • *****
  • Posts: 1448
  • Karma: +16/-21
  • Gender: Male
  • GT - AHHHHH!!
CRAZY insurance prices
« on: Mar 24, 2007, 04:50PM »
Ok so as you have guessed im gonna be smacked in the head by my insurance company when i get my licence back, but i do deserve it lol,

get this i'll be driving a twin turbo 300zx, i have done some bad stuff in my laser and TRX and got pinned by the cops over 10 times, the bad stuff i would rather keep to myself, but the insurance is gonna cozt me only just under $5000 a year, and the excess is $3000, $15000 car insured for $13400, i'm just happy i'm getting insurance, no-one else would insure me, I LOVE JUST CAR!! lol

anyways, i'm just wondering if any of you guys are suffering like i am?
« Last Edit: Mar 24, 2007, 05:01PM by Ammerty »
Quote from: SECLUDED

When are you not drunk Ammerty...lol  ::) ;D

Offline Jtas

  • Sarcasminator
  • antrx cruise monkey
  • post whore
  • *****
  • Posts: 4125
  • Karma: +69/-28
  • Gender: Male
Re: CRAZY insurance prices
« Reply #1 on: Mar 24, 2007, 05:10PM »
lets just say you drive your car with that insurance for two years, then you write your car off and have to pay the $3000 excess, you will have paid about 13000 for insurance on a car with an insurance value of 13400.   (yes i realise you wont pay the same amount in the second year, and your cars value will most likely depreciate)

It doesn't make a hell of a lot of sense to me, but I guess thats the price you pay for driving like a dick head :P

Offline bogan_bob

  • antrx.com junkie
  • *****
  • Posts: 806
  • Karma: +16/-6
  • Gender: Male
Re: CRAZY insurance prices
« Reply #2 on: Mar 24, 2007, 05:16PM »
ha i remember i was offered comprehensive insurance on my first car, after having ps extended for 12 months for various reasons, and 1 accident under my belt, of 2200/yr. Problem was it was on a vn commodore i paid 2400 for, which at that stage took me 8 months to save up. Needless to say i only went extended 3rd party....Insurance on my r31 was gong to be 1300 for comprehensive, which i figure keep the car for 2 yrs and i have the cost of insurance back providing i dont make a claim, so i just went fire and theft

Im stressing a bit over what the insurance is going to be like for my legnum, seeing as it will be 1 of the 1st in Aus. I cant even do an online quote cos no one knows what they are


Warning - while you were typing a new reply has been posted. You may wish to review your post.

its a good point Jtas, you beat me to it

http://ozvr4.com - check it out :)

Offline Budgie

  • Dr. B Udgie - AWD FTW
  • Administrator
  • post whore
  • *****
  • Posts: 9411
  • Karma: +131/-33
  • Gender: Male
  • U12-U13
Re: CRAZY insurance prices
« Reply #3 on: Mar 24, 2007, 05:19PM »
3rd party is where its at... put the money you would be spening on insurance into an ING direct account or something.

Its risky, but yeah...
dont piss me off with your pillarless shit captain snappy wrist

Offline Ammerty

  • post whore
  • *****
  • Posts: 1448
  • Karma: +16/-21
  • Gender: Male
  • GT - AHHHHH!!
Re: CRAZY insurance prices
« Reply #4 on: Mar 24, 2007, 05:28PM »
lets just say you drive your car with that insurance for two years, then you write your car off and have to pay the $3000 excess, you will have paid about 13000 for insurance on a car with an insurance value of 13400.   (yes i realise you wont pay the same amount in the second year, and your cars value will most likely depreciate)

It doesn't make a hell of a lot of sense to me, but I guess thats the price you pay for driving like a dick head :P

yeah true, but i figure if i had hit a $50'000 car and i'm in the wrong than 13grand is better than 63grand, so for me its gonna be granny driving only for a VARY long time lol, maybe i should just go for 3rd party insurance, i'm not sure how much that would cozt but i should imagine it would be something like 3500 or close to, i shall research...
Quote from: SECLUDED

When are you not drunk Ammerty...lol  ::) ;D

Offline JelloBello

  • Attesa Driver
  • west oz local moderator
  • post whore
  • *****
  • Posts: 2158
  • Karma: +29/-4
  • Gender: Male
  • Got Pastie?
Re: CRAZY insurance prices
« Reply #5 on: Mar 24, 2007, 05:33PM »
Well with my "offically" perfect driving record just car wanted to slug me $3k a year for the attesa, so i went for 3rd party fire + theft at just $440 a year (theft to the value of 5000).

If it was me I would go just 3rd party... but i dunno dean, I've heard about the way you drive and comprehensive may be a good idea.


slightly off topic but just to clarify:

3rd party covers any damage you do to anyone else car/property (you're at fault)
While Comp. covers that and any damage to your own car (is this right?)
« Last Edit: Mar 24, 2007, 05:34PM by JelloBello »
1994 u13 SSS Attesa ftw. Project thread here
13.876 @ 98.83mph

Offline chr1S

  • r&d team
  • post whore
  • *****
  • Posts: 6995
  • Karma: +117/-116
  • Gender: Male
Re: CRAZY insurance prices
« Reply #6 on: Mar 24, 2007, 05:37PM »
it depends on the company..

most 3rd party - covers other people's property up to whatever million
most full comp - any damage caused in the accident up to whatever million
some 3rd party - covers other people's property and your car (if not your fault) up to x thousand
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.

Quote
to be fair, it wouldn't be ANTRX if we stayed on topic.

and if someone wasn't cranky at Chr1s for something he said...

Offline Ammerty

  • post whore
  • *****
  • Posts: 1448
  • Karma: +16/-21
  • Gender: Male
  • GT - AHHHHH!!
Re: CRAZY insurance prices
« Reply #7 on: Mar 24, 2007, 08:08PM »
but i dunno dean, I've heard about the way you drive and comprehensive may be a good idea.

dude i dont drive like an idiot, if i do speed, i speed well within my limits.
i'm sick of this sh*t. none of you have even seen me drive for over half a year. f*ckn f*ckers.
Quote from: SECLUDED

When are you not drunk Ammerty...lol  ::) ;D

Offline JelloBello

  • Attesa Driver
  • west oz local moderator
  • post whore
  • *****
  • Posts: 2158
  • Karma: +29/-4
  • Gender: Male
  • Got Pastie?
Re: CRAZY insurance prices
« Reply #8 on: Mar 24, 2007, 08:30PM »
lol... my bad.

I've never seen you drive (for any extended period of time anyway), and I based what i said on what i've been told as well as what you've said on these forums. Things like (and i quote):

i have done some bad stuff in my laser and TRX and got pinned by the cops over 10 times, the bad stuff i would rather keep to myself

coz its certain im gonna die - its just we want to prevent overs from dieing lol

It's nothing personal dean... I'd hope that losing your license for so long has made you think about the way you drive which obviously isn't like a saint. But i know from personal experience that old habits die hard.
1994 u13 SSS Attesa ftw. Project thread here
13.876 @ 98.83mph

Offline bogan_bob

  • antrx.com junkie
  • *****
  • Posts: 806
  • Karma: +16/-6
  • Gender: Male
Re: CRAZY insurance prices
« Reply #9 on: Mar 24, 2007, 08:36PM »
LOL mm that line of 'i speed well within my limits' is prob why you re in this pickle. You obviously see your limits as greater than that which the law decides  ::)

http://ozvr4.com - check it out :)

Offline Ammerty

  • post whore
  • *****
  • Posts: 1448
  • Karma: +16/-21
  • Gender: Male
  • GT - AHHHHH!!
Re: CRAZY insurance prices
« Reply #10 on: Mar 24, 2007, 08:44PM »
LOL mm that line of 'i speed well within my limits' is prob why you re in this pickle. You obviously see your limits as greater than that which the law decides  ::)

fair enough but who here can say that they haven't felt safe doin 10 over (in certain areas), also i will remind all the wa members that i haven't crashed my trx.

lol... my bad.

I've never seen you drive (for any extended period of time anyway), and I based what i said on what i've been told as well as what you've said on these forums. Things like (and i quote):

It's nothing personal dean... I'd hope that losing your license for so long has made you think about the way you drive which obviously isn't like a saint. But i know from personal experience that old habits die hard.


dw bout it mate, just everyone has been having a go at me all week, i think its bash dean week! lol
« Last Edit: Mar 24, 2007, 08:47PM by Ammerty »
Quote from: SECLUDED

When are you not drunk Ammerty...lol  ::) ;D

Offline rathies

  • I may be going to hell but I'm going in a 4BY
  • post whore
  • *****
  • Posts: 2723
  • Karma: +41/-22
  • Gender: Male
  • Patrol of Doom coming soon
Re: CRAZY insurance prices
« Reply #11 on: Mar 24, 2007, 09:00PM »
bash dean week would be correct. 2nd time you've dug yourself a hole this weekend deany.

No use whinging about problems caused by well..you.
Previous rides: KA24ET TRX,  2000 GUII Patrol 4.2 td, AntrxWA whore TRX owner 4/5, 99 Landrover Discovery TD5
Current Ride(s):  91 GQ Patrol ST-3 RB25DET Converted :)

Offline Jtas

  • Sarcasminator
  • antrx cruise monkey
  • post whore
  • *****
  • Posts: 4125
  • Karma: +69/-28
  • Gender: Male
Re: CRAZY insurance prices
« Reply #12 on: Mar 24, 2007, 10:16PM »
yeah true, but i figure if i had hit a $50'000 car and i'm in the wrong than 13grand is better than 63grand...


dude, that's the whole point of 3rd party insurance!

and AFAIK with 3rd party they don't bring the value of your car into the equation(much), just you and your driving record.  I'd be very suprised if it's anymore than $1000 for third party fire and theft.

Offline Febrile

  • Forum Predator
  • post whore
  • *****
  • Posts: 1159
  • Karma: +36/-13
  • I like having thumbs
Re: CRAZY insurance prices
« Reply #13 on: Mar 26, 2007, 05:19AM »
but the insurance is gonna cozt me only just under $5000 a year

That is a seething fuckload to be spending on insurance.  Your profile says you're 19 - I don't mean to be rude, but if you've got that much money to be pissing away on insurance at your age, then I'm willing to assert that you're squandering your future financial security for the sake of a rather immature (given your apparent driving habits) enthusiasm for boy toys.

Seriously man, rethink your priorities.
« Last Edit: Mar 26, 2007, 05:49AM by Narxysus »
Doo-woop-shoobie-doo-waah

Offline rathies

  • I may be going to hell but I'm going in a 4BY
  • post whore
  • *****
  • Posts: 2723
  • Karma: +41/-22
  • Gender: Male
  • Patrol of Doom coming soon
Re: CRAZY insurance prices
« Reply #14 on: Mar 26, 2007, 11:49PM »
think about it dean, you'll have a nice car but you'll be a pork hunt, will you be able to afford any repairs in the first 6 months? probably not. you need the full comp for the car loan right? not worth it at that price man.
I can imagine you'll be selling this very soon if you go ahead buying it.
Previous rides: KA24ET TRX,  2000 GUII Patrol 4.2 td, AntrxWA whore TRX owner 4/5, 99 Landrover Discovery TD5
Current Ride(s):  91 GQ Patrol ST-3 RB25DET Converted :)

Offline Jono

  • The Wise Man
  • Global Moderator
  • post whore
  • ****
  • Posts: 5748
  • Karma: +159/-40
  • Gender: Male
  • memory boy!
Re: CRAZY insurance prices
« Reply #15 on: Mar 27, 2007, 12:12AM »
That is a seething fuckload to be spending on insurance.  Your profile says you're 19 - I don't mean to be rude, but if you've got that much money to be pissing away on insurance at your age, then I'm willing to assert that you're squandering your future financial security for the sake of a rather immature (given your apparent driving habits) enthusiasm for boy toys.

Seriously man, rethink your priorities.

Agreed.

It just isn't worth pouring that much money into something that will be gone in 5 years' time to make way for another more costly money pit.
#1 Post Wh0re
pringles was here!

Offline Ammerty

  • post whore
  • *****
  • Posts: 1448
  • Karma: +16/-21
  • Gender: Male
  • GT - AHHHHH!!
Re: CRAZY insurance prices
« Reply #16 on: Mar 27, 2007, 12:22AM »
think about it dean, you'll have a nice car but you'll be a pork hunt, will you be able to afford any repairs in the first 6 months? probably not. you need the full comp for the car loan right? not worth it at that price man.
I can imagine you'll be selling this very soon if you go ahead buying it.


no i dont need the full comp for the loan
the insurance has nothing to do with the loan
bash dean week would be correct. 2nd time you've dug yourself a hole this weekend deany.

No use whinging about problems caused by well..you.

dude!! i wasnt whinging, i was asking if anyone has the same kinda big bill, to be honest if i was to get full comp on my TRX i would still be paying $4000, and before you ask yes i have called them up and asked.

to add to this i also am not gonna go out and buy some car thats gonna cost me way over what i can afford, $75 a week for the loan + $100 a week to cover my ass is vary easy for my to afford considering the fact that i'm gettin over $500 a week anyway. shit i could easily afford that on half of what i'm getting. Also me being a target for the cops aint gonna matter when its gonna stay stock and i'm gonna be driving like a granny, BOO HOO TO YOU COPPAS! Because i can afford it i am gonna pay double off the loan coz i dont wanna have that hangin over my head for ever, dont worry guys, i have all this stuff sorted.
« Last Edit: Mar 27, 2007, 12:27AM by Ammerty »
Quote from: SECLUDED

When are you not drunk Ammerty...lol  ::) ;D

Offline chr1S

  • r&d team
  • post whore
  • *****
  • Posts: 6995
  • Karma: +117/-116
  • Gender: Male
Re: CRAZY insurance prices
« Reply #17 on: Mar 27, 2007, 09:07AM »
ehh,

brother.

save up, don't get a loan for a car, that's just plain stupid..

cmon.. im 17 and i realise how dumb it is to loan a car.

you pull out 10k, by the time repayments + interest is done, you've paid 13k or so...

ok so after 3 years u've paid off 13k right ?

How much is your car worth now?  8k lol ?

My mate was 16 when he bought his 300 (you know him) he just saved up for it, i bet he feels alot better knowing he doesn't owe anyone that car for money or whatever, just save up, be patient and look around for more (don't tell me you already bought it ?)

 ;)
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.

Quote
to be fair, it wouldn't be ANTRX if we stayed on topic.

and if someone wasn't cranky at Chr1s for something he said...

Offline Taiwan Corsair

  • antrx.com full member
  • ***
  • Posts: 153
  • Karma: +3/-6
  • Gender: Male
Re: CRAZY insurance prices
« Reply #18 on: Mar 27, 2007, 12:01PM »
dude i dont drive like an idiot, if i do speed, i speed well within my limits.

The fact that your able to get the car around a corner at a certain speed without running it into anything does not mean you are within your limits. Accidents happen when there is somthing unexpected. You may be able to take a corner at a certain speed, but what if there is oil on the road, some lookse gravel that wasn't there before, some idiot comeing the other way and cutting the corner... if you were within your limits, but close to them, then there will be no margin for error.

I drive based on the asssumption that around every corner there may be an old lady crossing the street, an overturned oil tanker or somone who thinks he is 'speeding within his limits' coming the other way. Its been a number of years since I've had an accident. My car is my pride and joy and I really don't want it damaged, even a little bit.

A month or two ago I was travelling at 80 and a magna that had been stopped behind some cars that were turning suddenly decided to pull into my lane without signaling. I left a set of very clear tyre marks and managed to avoid him by a margin of abour 30cm. Why? Because I drive with as much manouvering space around me as I can possibly manage. If you want to call your self a skilled driver, then thats the first lesson for you.

*End of rant*

Offline Ammerty

  • post whore
  • *****
  • Posts: 1448
  • Karma: +16/-21
  • Gender: Male
  • GT - AHHHHH!!
Re: CRAZY insurance prices
« Reply #19 on: Mar 31, 2007, 01:42PM »
ok so first of all i dont tailgate, i don't drift arounds corners, i dont cut corners, on the rare occasion that i do speed its usually not more than 10k's over. i'm not an idiot driver, also NONE of you have any kind of authority to "teach me lessons" about my driving as none of you have seen me drive and for the WA members - no-one has seen me drive in over 6 months now, i doubt you can even remember me driving, don't get me started on this sh*t, aiight, and stop getting off the thread topic, INSURANCE PROBLEMS ONLY.
Quote from: SECLUDED

When are you not drunk Ammerty...lol  ::) ;D

Offline rathies

  • I may be going to hell but I'm going in a 4BY
  • post whore
  • *****
  • Posts: 2723
  • Karma: +41/-22
  • Gender: Male
  • Patrol of Doom coming soon
Re: CRAZY insurance prices
« Reply #20 on: Mar 31, 2007, 04:12PM »
well i certainly have alot to say about that. but in regards to insurance mine costs less than that quote  ;D
Previous rides: KA24ET TRX,  2000 GUII Patrol 4.2 td, AntrxWA whore TRX owner 4/5, 99 Landrover Discovery TD5
Current Ride(s):  91 GQ Patrol ST-3 RB25DET Converted :)

Offline slim

  • post whore
  • *****
  • Posts: 1517
  • Karma: +16/-7
  • Gender: Male
  • Nissan Bluebird SSS 1996 ®
    • Pictures
Re: CRAZY insurance prices
« Reply #21 on: Apr 1, 2007, 12:05AM »
Im getting charged some high prices ($1100ish) for my SSS just coz its classed as a sports car, its an aussie bird.
but the good thing its going down at the next payment and so is the excess, 5 year drivng exp.
3rd party was not what i wanted this time around.

Ammerty did you talk to shannons ? they might not insure you coz your under 25?
  • Bosch HID Kit, Clear Side & Front Indicators + Bulbs
  • B&M Shortshifter
  • JVC DVD Touchscreen 5.1 Surround Sound
  • Full Whiteline Kit
  • Tokico Shocks
¤ slim's 1996 SSS Bluebird Project Thread

Offline Taiwan Corsair

  • antrx.com full member
  • ***
  • Posts: 153
  • Karma: +3/-6
  • Gender: Male
Re: CRAZY insurance prices
« Reply #22 on: Apr 2, 2007, 04:16PM »
Stay on topic...

Ok.

Insurance costs me very little and I am planning to keep it that way.

Offline noss

  • Administrator
  • post whore
  • *****
  • Posts: 13882
  • Karma: +278/-50
  • Gender: Male
  • great scott!
    • antrx
Re: CRAZY insurance prices
« Reply #23 on: Apr 2, 2007, 04:31PM »
standard of driving/attitude of driving seems to be a very touchy subject ::)

http://polyfedelicio.us/imgs/ - free image hosting for whatever you like

Offline JelloBello

  • Attesa Driver
  • west oz local moderator
  • post whore
  • *****
  • Posts: 2158
  • Karma: +29/-4
  • Gender: Male
  • Got Pastie?
Re: CRAZY insurance prices
« Reply #24 on: Apr 2, 2007, 05:19PM »
Very good observation noss. I wonder why?


Maybe it's because deep down he knows that he DOES tailgate/speed/attempt to drift (don't we all at some stage?
1994 u13 SSS Attesa ftw. Project thread here
13.876 @ 98.83mph

Offline Abaddon

  • antrx.com full member
  • ***
  • Posts: 161
  • Karma: +6/-5
  • Gender: Male
Re: CRAZY insurance prices
« Reply #25 on: Apr 2, 2007, 05:45PM »
Very good observation noss. I wonder why?


Maybe it's because deep down he knows that he DOES tailgate/speed/attempt to drift (don't we all at some stage?

I think it's a touchy subject because it's a very subjective debate.  Those angelic, perfectionistic, completely law abiding citizens amongst us assume that anyone who isn't like them is a knobhead driver with no common sense.  There are a lot around, but they believe themselves to be heroes, untouchable, who cannot crash and do not care about any other road users or the possibility of the unknown (children on the road, oil slicks etc)

Those of the know your limits variety (Hopefully) actually do have some common sense and do actually know their limits; and can factor into their driving the state of their car, it's responsiveness, road conditions visibility (with regard to weather, blind corners...the unknown), as well as other motorists.  They are the kind of people who wouldn't speed should the speed limits be set appropriately for the particular road in question.  Think about a lot of European countries where the speed limits are higher, the roads aren't necessarily of better quality but they have dramatically lower accident rates;  why because people are more likely to concentrate and choose a speed appropraite to their own driving and the conditions around them.

Take this for example; I got booked a month or so ago for doing 87 in a 60 zone.  Now the road in question is of good condition, it was a bright day with the sun overhead and on a nice quiet Sunday afternoon.  The road is a divided four lane road with bush either side.  What speed limit would you expect?  80?  Probably 100?  Why is it a 60 zone?Because the other side of that bush is a university, and Monday to Friday there are cars parked all over it and pedestrians around.  But it's a fucking Sunday, the uni is closed, there are no parked cars, there are a few other cars;  but I like they are driving sensibly, leaving appropiate gaps, giving way and respecting each other... and one revenue raising policeman parked in the bush with a camera.

Anyway I'm not saying either party is correct but I am pointing out there are three kinds of people involved here:

1) (Claimed) Law Abiding Citizens
2) Those who take some liberties in a sensible manner
3) Knobhead Idiotic Drivers (With no common sense or respect for others)

And to assume otherwise is dumb IMHO


Oh and my insurance is much cheaper, LX Bluebird + 7 years driving with no offences (except the one above after my last insurance quote) = cheap
« Last Edit: Apr 2, 2007, 05:48PM by Abaddon »
"Like a Fish???"

Offline cruizer

  • post whore
  • *****
  • Posts: 2428
  • Karma: +45/-7
  • Gender: Male
Re: CRAZY insurance prices
« Reply #26 on: Apr 2, 2007, 06:11PM »
Quote
... and one revenue raising policeman parked in the bush with a camera.

Not sure why you are calling him a revenue raising policeman if you were clearly exceeding the speed limit. You made the choice to break the law irrrespective of the situation, if its a 60, you go 60 or expect to get popped by the fuzz. No arguement on that debate!

I don't deny that I speed, but i know that if i do and i get caught then its not a problem...because i was breaking the law! Btw i have never been pulled over by a cop other than a bretho, no fines, anything.

Offline chr1S

  • r&d team
  • post whore
  • *****
  • Posts: 6995
  • Karma: +117/-116
  • Gender: Male
Re: CRAZY insurance prices
« Reply #27 on: Apr 2, 2007, 06:23PM »
Quote
Btw i have never been pulled over by a cop other than a bretho, no fines, anything.

careful buddy, i was the same

until.......
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.

Quote
to be fair, it wouldn't be ANTRX if we stayed on topic.

and if someone wasn't cranky at Chr1s for something he said...

Offline rathies

  • I may be going to hell but I'm going in a 4BY
  • post whore
  • *****
  • Posts: 2723
  • Karma: +41/-22
  • Gender: Male
  • Patrol of Doom coming soon
Re: CRAZY insurance prices
« Reply #28 on: Apr 2, 2007, 06:38PM »
Not sure why you are calling him a revenue raising policeman
I heard a very good debate on talk back radio the other day. A bloke had gotten flashed overtaking a truck at 120k's in a 100 zone.
His main arguments were:
- a speed camera doesn't give you a lecture about speeding
- you can't argue with a speed camera
- it took 4 months to see the fine, which he could continue driving like a weapon in that time.

I dont know about other states but over here they crap on about 'speed cameras save lives' all they do is make the police christmas party better.

/end rant.

Previous rides: KA24ET TRX,  2000 GUII Patrol 4.2 td, AntrxWA whore TRX owner 4/5, 99 Landrover Discovery TD5
Current Ride(s):  91 GQ Patrol ST-3 RB25DET Converted :)

Offline slim

  • post whore
  • *****
  • Posts: 1517
  • Karma: +16/-7
  • Gender: Male
  • Nissan Bluebird SSS 1996 ®
    • Pictures
Re: CRAZY insurance prices
« Reply #29 on: Apr 2, 2007, 06:43PM »
im agreeing with rathies WA use them like that a lot.
But rathies the cops still publish where they hide cameras so its our own fault for gettin a camera photos
  • Bosch HID Kit, Clear Side & Front Indicators + Bulbs
  • B&M Shortshifter
  • JVC DVD Touchscreen 5.1 Surround Sound
  • Full Whiteline Kit
  • Tokico Shocks
¤ slim's 1996 SSS Bluebird Project Thread

Offline cruizer

  • post whore
  • *****
  • Posts: 2428
  • Karma: +45/-7
  • Gender: Male
Re: CRAZY insurance prices
« Reply #30 on: Apr 2, 2007, 07:09PM »
Yeh i know chris, but like i said if i get caught i know its my fault, no complaining from me.


Quote
I heard a very good debate on talk back radio the other day. A bloke had gotten flashed overtaking a truck at 120k's in a 100 zone.
His main arguments were:
- a speed camera doesn't give you a lecture about speeding
- you can't argue with a speed camera
- it took 4 months to see the fine, which he could continue driving like a weapon in that time.

I dont know about other states but over here they crap on about 'speed cameras save lives' all they do is make the police christmas party better.

/end rant.


Yeh but IF he wasn't doing over the speed limit their would be no problem with the police....

Offline Abaddon

  • antrx.com full member
  • ***
  • Posts: 161
  • Karma: +6/-5
  • Gender: Male
Re: CRAZY insurance prices
« Reply #31 on: Apr 3, 2007, 12:02PM »
Not sure why you are calling him a revenue raising policeman if you were clearly exceeding the speed limit...Btw i have never been pulled over by a cop other than a bretho, no fines, anything.

The reason I call him a revenue raising policeman is because he set up a speed trap in a stupid location where there was no threat to anybody.  I have no problem with being booked I just think it's a waste of police time and taxpayer/speeder dollars putting a policeman in a place like that, why not put the speed trap in a more built up area (there was one 2 km up the road, which everyone cruising along the road would have slowed down for or deserved to get booked)  The "fuzz" as you put it could have been protecting property and human life instead of some trees beside a perfectly good road.  That's why I was calling him a revenue raising policeman, because he decided to book people on a safe stretch of road where people with common sense may speed.  I wasn't complaining about the fact that I was booked, I was talking about sensible speeding, and because I'm a sensible driver that is the only time in my seven years of driving I have been booked...Had the police car not been concealed by bush I know that I would not have been booked as I was driving to suit the road conditions and visibility and could have slowed to a stop after having seen him.

And btw In my seven years of driving that is the only time a cop has pulled me over and booked me either. So Cruizer, I'm thinking your what 2 maybe 3 years of fine free driving really hasn't earned you enough credibility for me to give a crap what you think.
« Last Edit: Apr 3, 2007, 12:15PM by Abaddon »
"Like a Fish???"

Offline cruizer

  • post whore
  • *****
  • Posts: 2428
  • Karma: +45/-7
  • Gender: Male
Re: CRAZY insurance prices
« Reply #32 on: Apr 3, 2007, 02:04PM »
Ah that burnt abaddon  ???. I wasn't giving you crap, I was merely stating that you broke the law, therefore the cop was well within his rights.
That's why I was calling him a revenue raising policeman, because he decided to book people on a safe stretch of road where people with common sense may speed. 

I love that 'people with common sense may speed' thats like saying, 'people with common sense will willfully break the law'.

So Cruizer, I'm thinking your what 2 maybe 3 years of fine free driving really hasn't earned you enough credibility for me to give a crap what you think.

I'm thinking that your relatively insignificant contribution to this forum doesn't give you any credibility on here. I think considering my relatively decent contribution to this forum gives me some credibilty.

Now back onto topic... ;D
« Last Edit: Apr 3, 2007, 02:11PM by cruizer »

Offline chr1S

  • r&d team
  • post whore
  • *****
  • Posts: 6995
  • Karma: +117/-116
  • Gender: Male
Re: CRAZY insurance prices
« Reply #33 on: Apr 3, 2007, 02:11PM »
this is getting out of hand eh..

abbadon ASAIK hasn't been a bad member to piss others off by whoring, flaming, posting random shit, etc..
cruiser you've been on here a while too but meh

it's not about creditability or whatnot, if someone has a valid point then they're right..

just drop it, it's not worth having an argument over.

If you wish to continue, im sure it will be locked and you guys can do it via PM's.
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.

Quote
to be fair, it wouldn't be ANTRX if we stayed on topic.

and if someone wasn't cranky at Chr1s for something he said...

Offline cruizer

  • post whore
  • *****
  • Posts: 2428
  • Karma: +45/-7
  • Gender: Male
Re: CRAZY insurance prices
« Reply #34 on: Apr 3, 2007, 02:19PM »
Fine...truce, we don't need anymore flame wars or crap on this site. Kinda went south of the topic anyways. Like i said...back on topic.

The high prices of insurance actually make me wonder if its worth it. If you consider the cost of the car, insurance, rego and repairs you wonder if you were better off investing the money...but then again once your driving it's different hey  ;D

Offline chr1S

  • r&d team
  • post whore
  • *****
  • Posts: 6995
  • Karma: +117/-116
  • Gender: Male
Re: CRAZY insurance prices
« Reply #35 on: Apr 3, 2007, 02:27PM »
did you turn 35 years old over night or something ?
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.

Quote
to be fair, it wouldn't be ANTRX if we stayed on topic.

and if someone wasn't cranky at Chr1s for something he said...

Offline cruizer

  • post whore
  • *****
  • Posts: 2428
  • Karma: +45/-7
  • Gender: Male
Re: CRAZY insurance prices
« Reply #36 on: Apr 3, 2007, 02:39PM »
Haha no. But if you think about it logically...if you started investing at this age, by the time you're 40 you'll have enough money to do anything you want with a pintara  ;D
e.g. what the car has cost me so far in the last 2 years:
$1100 rego, $900 insurance, $3500 mods, $2500 upkeep and repairs, $2500 car cost, approx $1000 petrol
= $11,500
If that money was invested in debutures (safe form of investment other than sitting in the bank) at a fixed rate of 8% (fair rate fo current market) after the 2 years you would be looking at having $13,413 approx. Add savings from income and you could have a deposit on a house.
Im just saying that even though people consider a car as an asset it depreciates. Considering accounting definitions though i pretty much consider a car as a liability because it results in future economic outlay.
But i justify i as a hobby  ;D
*Shakes my head at how uni is affecting me*

Offline Abaddon

  • antrx.com full member
  • ***
  • Posts: 161
  • Karma: +6/-5
  • Gender: Male
Re: CRAZY insurance prices
« Reply #37 on: Apr 3, 2007, 04:39PM »
Truce Accepted  :)

But just for the record and so that I finally get my point across for people to think what they will about it:
Ah that burnt abaddon  ???. I wasn't giving you crap, I was merely stating that you broke the law, therefore the cop was well within his rights.
I never said you were giving me crap, merely that I didn't give a crap about your having not been pulled over for any violation in your short period of driving experience.  I never said that the cop was not within his rights, merely that I would have been more comfortable if I had been booked in an area where I felt I was being a threat to society (not that I would have been speeding there)
I love that 'people with common sense may speed' thats like saying, 'people with common sense will willfully break the law'.
That is exactly what I said; I truly believe that a police speed trap would better serve the community when located in a position where speeding will likely cause an accident (residential, severe or blind corners, bad road conditions, locations with a lot of traffic etc).  And yes your average person who has common sense and does consider their own safety, the safety and feelings of other road users and their property can and do speed (cruizer, you yourself admitted to speeding not so long ago) and by doing so 'will willfully break the law'
I'm thinking that your relatively insignificant contribution to this forum doesn't give you any credibility on here. I think considering my relatively decent contribution to this forum gives me some credibilty.

And cruizer, It was not my intention to attack you.  I never mentioned this forum or the credibility of your posts or opinions.  It is still my opinion that I don't think your driving experience without offence, which I too could have expressed for 6.8 years up until a month ago does not mean anything to me or add any strength to your post at all, and until you have been booked you can't go around telling people that you won't have a problem with it.

In short: If you speed you may get caught, no problems with that, i would however prefer if police would focus on catching lawbreakers in locations where there is a significant risk to the community as a whole.  They will make less revenue as most people (with common sense) will slow down in that situation, but there is more chance of saving human life and I for one think that is worthwhile.

cuizer: I just wanted to clear, the air; I didn't want you thinking that I don't like you, or have something against you.

Now back onto topic... ;D
"Like a Fish???"

Offline Taiwan Corsair

  • antrx.com full member
  • ***
  • Posts: 153
  • Karma: +3/-6
  • Gender: Male
Re: CRAZY insurance prices
« Reply #38 on: Apr 3, 2007, 04:40PM »
If you invested it in an agressively managed share fund you could expect it to double in value every five or six years. The diversification reduces the risk to almost nothing (especially if its managed by somone competent) and at that rate you could expect to have... a lot of money one day

Offline Taiwan Corsair

  • antrx.com full member
  • ***
  • Posts: 153
  • Karma: +3/-6
  • Gender: Male
Re: CRAZY insurance prices
« Reply #39 on: Apr 3, 2007, 04:41PM »
I hope my rant didn't start you guys off on some kind of feud...

Offline chr1S

  • r&d team
  • post whore
  • *****
  • Posts: 6995
  • Karma: +117/-116
  • Gender: Male
Re: CRAZY insurance prices
« Reply #40 on: Apr 3, 2007, 04:53PM »
Quote
Haha no. But if you think about it logically...if you started investing at this age, by the time you're 40 you'll have enough money to do anything you want with a pintara 

and don't you think at that age you would have alot of other better things to worry about ?

such as your kids in high school and the future possibility of expenses such as university. get your fun out of the way now IMO, if you save it for later, you'll regret it heh...

you got the chance, go for it !
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.

Quote
to be fair, it wouldn't be ANTRX if we stayed on topic.

and if someone wasn't cranky at Chr1s for something he said...

Offline Abaddon

  • antrx.com full member
  • ***
  • Posts: 161
  • Karma: +6/-5
  • Gender: Male
Re: CRAZY insurance prices
« Reply #41 on: Apr 3, 2007, 04:57PM »
It's true, cars cost a lot, and they mostly don't ever give much back.

But the question is, do you need a car.

My answer is yes, public transport is too much of a hassle for me as it will keep me from making money.  So I need a car.  I haven't got the option to invest all that car money and be a bit richer.  The question is how much can I afford to spend.

And you need registration, upkeep & repairs and petrol.

If you want mods and upgrades, awesome, buy them.

I for one don't need a uber sweet sick ass quick pretty car.  Sure I like the idea of having one, and I would enjoy having one.  And I can afford to buy one.

Since this post is about insurance I guess I should get to the point.  So the question financially is...Do you need insurance?

Now everyone needs third party insurance.  I personally can't afford to buy a new Ferarri if I write one off.

But if I crash my car (or it's stolen) I can afford to buy myself a new vehicle which will suit my needs.  Not my wants, it may not be nearly as cool as the car I currently have.  But it will suit my needs.  So I guess I can look at the option of not taking out comprehensive insurance, investing the money I spend on comprehensive insurance.  Pretty soon I'll save more than the value of my car and at that point I'm better off than if I had comprehensive insurance.  And if I crash my car I can buy something just as cool, if not better than my current car.  You risk losing your pride and joy and driving a crapheap, but the financial gains seem pretty worthwhile.

Just a thought... 8)

Anyone done this?

"Like a Fish???"

Offline Budgie

  • Dr. B Udgie - AWD FTW
  • Administrator
  • post whore
  • *****
  • Posts: 9411
  • Karma: +131/-33
  • Gender: Male
  • U12-U13
Re: CRAZY insurance prices
« Reply #42 on: Apr 3, 2007, 05:22PM »
Anyone done this?

My bluebird is not insured.  Has not been for a year or so...  But I don't drive it more than 100km every two weeks now.  When it was insured it has always been 3rd party, anything more was just not worth it!  Better to save the money.

My TRX is soon to be 3rd party insured, as I drive in heavy traffic six times a week on the western side of melbourne.  The car is rock solid, brakes well, tyres are good, but coming into winter I can't afford to go into the back of a merc for whatever reason and have to pay for it out of my own pocket.  This car is my A ---> B car and does the job brilliantly.

You could say the bluebird is my 'hobby'
dont piss me off with your pillarless shit captain snappy wrist

Offline cruizer

  • post whore
  • *****
  • Posts: 2428
  • Karma: +45/-7
  • Gender: Male
Re: CRAZY insurance prices
« Reply #43 on: Apr 3, 2007, 07:50PM »
and don't you think at that age you would have alot of other better things to worry about ?

such as your kids in high school and the future possibility of expenses such as university. get your fun out of the way now IMO, if you save it for later, you'll regret it heh...

you got the chance, go for it !

Thats what I tell my parents atleast twice a week! Now I'm going to tell them you said it and their is no argument  ;D

If you invested it in an agressively managed share fund you could expect it to double in value every five or six years. The diversification reduces the risk to almost nothing (especially if its managed by somone competent) and at that rate you could expect to have... a lot of money one day

Yeh agree with that, I just didn't want to come out saying that because people would be like "shares aren't a very safe investment rah rah". If you know what you are doing you can expect to make much money.

Yeh see I wonder the same thing abaddon. The next car i want to get is a turbo rwd...therefore i'm going to get raped for insurance. There is no way i will spend $2000 on comprehensive insurance a year if the car costs me less than $10,000! I would love comprehensive insurance BUT i think there is a certain limit. Depends if you know your rate of return will cover expenses in the event you have an accident.

I guess it almost like a trade off:
1. Pay alot for comprehensive and have peace of mind and financial security (i.e. you know you won't have to buy a new car);
2. Pay less for 3rd party and ensure you put the other money somewhere smart (invested, even if you invest low risk you still make $1000 a year.)

Things are much more fun when we are friends :D

Offline Ammerty

  • post whore
  • *****
  • Posts: 1448
  • Karma: +16/-21
  • Gender: Male
  • GT - AHHHHH!!
Re: CRAZY insurance prices
« Reply #44 on: Apr 3, 2007, 08:18PM »
i have so obviously broken the law before, now i'm not one to argue with a cop if he's giving me a fine but does anyone actually beleive that speed cameras make people slow down?
i think if the cops really want people to slow down n their not just revenue raising the camera would be in plain sight, and at least people would slow down for that but as soon as they start to hide its not to slow us down its only to catch us, and take our moneys. I can also tell you one thing for sure, a person is ALOT more likely to speed like a mad-man (just after a camera) when they are infact mad (p*ssed off), because they just got flashed, and a p*ssed off person is gonna go alot faster too.
Quote from: SECLUDED

When are you not drunk Ammerty...lol  ::) ;D

Offline rathies

  • I may be going to hell but I'm going in a 4BY
  • post whore
  • *****
  • Posts: 2723
  • Karma: +41/-22
  • Gender: Male
  • Patrol of Doom coming soon
Re: CRAZY speed camera ranting
« Reply #45 on: Apr 3, 2007, 09:25PM »
mm we need a speed camera rant thread. I think its funny how they say on the radio after the news 'by travelling at just 65k's in a 60 zone you are twice as likely to be involved in a serious crash'

umm shit, thats weird, considering the aus design rule allows speedos to be out by upto 10k's. I dont like it when road safety authorities preach this shit when they didn't even pass year 10 science.
I got told by mr blogs once (when getting a fine for following another car too close) it takes 40m to stop from 60ks', first of all even a shopping trolley stops quicker than that. second of all I bet the coppa wouldn't say that if he pulled over a V8 supercar or something with brakes bigger than his ego.

as soon as you get into a car your chance of dying goes up 10fold, maybe they should encourage us to become a nation of push-bike riders.
« Last Edit: Apr 3, 2007, 09:27PM by rathies »
Previous rides: KA24ET TRX,  2000 GUII Patrol 4.2 td, AntrxWA whore TRX owner 4/5, 99 Landrover Discovery TD5
Current Ride(s):  91 GQ Patrol ST-3 RB25DET Converted :)

Offline chr1S

  • r&d team
  • post whore
  • *****
  • Posts: 6995
  • Karma: +117/-116
  • Gender: Male
Re: CRAZY insurance prices
« Reply #46 on: Apr 3, 2007, 10:04PM »
Quote
but does anyone actually beleive that speed cameras make people slow down?

no, you slow down before them then go back to what u were doing after it lol
Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand.

Quote
to be fair, it wouldn't be ANTRX if we stayed on topic.

and if someone wasn't cranky at Chr1s for something he said...

Offline slim

  • post whore
  • *****
  • Posts: 1517
  • Karma: +16/-7
  • Gender: Male
  • Nissan Bluebird SSS 1996 ®
    • Pictures
Re: CRAZY speed camera rant
« Reply #47 on: Apr 3, 2007, 10:58PM »
maybe we should get the European cameras where they know the distance between the sensors,
the time it will take a car doing the speed limit to travel between the sensors.
year ten science again !

SO if you are exceeding the speed limit then camera goes flash !!
Also should be used to keep track of people going under speed limits !! ( a +- 5kph)

2 problems here:
1 - only really good on free/highways, closed roads with no exits.
     But could be used to get people speeding throu trafic lights, damn
2-  pull over after going past a sensor and wait for time to past then carry on speeding, European have them fixed locations.


  • Bosch HID Kit, Clear Side & Front Indicators + Bulbs
  • B&M Shortshifter
  • JVC DVD Touchscreen 5.1 Surround Sound
  • Full Whiteline Kit
  • Tokico Shocks
¤ slim's 1996 SSS Bluebird Project Thread

Offline JelloBello

  • Attesa Driver
  • west oz local moderator
  • post whore
  • *****
  • Posts: 2158
  • Karma: +29/-4
  • Gender: Male
  • Got Pastie?
Re: CRAZY insurance prices
« Reply #48 on: Apr 3, 2007, 11:06PM »
There was a thing on fixed speed camera's in Australia on A Current Affair tonight (I wasn't watching it just heard bits and pieces). Apparently they've been trialling them in NSW and hope to soon roll them out Australia wide.
1994 u13 SSS Attesa ftw. Project thread here
13.876 @ 98.83mph

Offline rathies

  • I may be going to hell but I'm going in a 4BY
  • post whore
  • *****
  • Posts: 2723
  • Karma: +41/-22
  • Gender: Male
  • Patrol of Doom coming soon
Re: CRAZY insurance prices
« Reply #49 on: Apr 3, 2007, 11:14PM »
nah keep em in NSW, we dont need thier paranoia over here.
Previous rides: KA24ET TRX,  2000 GUII Patrol 4.2 td, AntrxWA whore TRX owner 4/5, 99 Landrover Discovery TD5
Current Ride(s):  91 GQ Patrol ST-3 RB25DET Converted :)

Offline Febrile

  • Forum Predator
  • post whore
  • *****
  • Posts: 1159
  • Karma: +36/-13
  • I like having thumbs
Re: CRAZY insurance prices
« Reply #50 on: Apr 3, 2007, 11:36PM »
Anyone done this?

I bought my Corsair for $3700 in Jan 2001.  I could have been paying $1000 per year for comprehensive, but I just opted for 3rd party.  I am still driving the car, and have never needed comprehensive insurance, so there you go.

It's just a choice of risk, and how much you are willing to take on, given the rewards involved.
Doo-woop-shoobie-doo-waah

Offline Taiwan Corsair

  • antrx.com full member
  • ***
  • Posts: 153
  • Karma: +3/-6
  • Gender: Male
Re: CRAZY insurance prices
« Reply #51 on: Apr 4, 2007, 05:19PM »
does anyone actually beleive that speed cameras make people slow down?

If speed cameras were plainly visible, then everyone could speed as much as they like, safe in the knowledge that if there was a camera, they would see it and be able to slow down in time to avoid a fine. Its the thought that there might be one lurking almost anywhere that puts a doubt in most people's minds, is it not? I've never been caught speeding, mostly because I know I can't afford to pay the fine.

I just signed up for 3rd party insurance today. Its costing me $279 for the year, which I'm paying in monthely installments. I have no previous insurance, so I don't have a rateing yet. On a car that I only paid $2400 for, I don't see the need for comprehensive and I have an alarm to deter theives. It seems to me to make a lot of financial sense. If somone without insurance hits me, I've got just enough cover to replace the car (preferably with one I can install my mods on) and if I make a mistake, at least I don't have to cover some vast amount of money for whatever I run into. I don't plan to have an accident, but the roade can be an unpredictable place. Driving sensibly and not taking unneccessary risks is the first line of defence and always will be... against speeding tickets and against accidents.

We already have fixed speed cameras in Victoria. Quite a few of them. People know where they are and slow down for them, but at least they keep people on their toes: you have to concentrate on your drveing to know when your getting to one.
« Last Edit: Apr 4, 2007, 05:22PM by Taiwan Corsair »

Offline Jono

  • The Wise Man
  • Global Moderator
  • post whore
  • ****
  • Posts: 5748
  • Karma: +159/-40
  • Gender: Male
  • memory boy!
Re: CRAZY insurance prices
« Reply #52 on: Apr 4, 2007, 08:44PM »
I've been paying about $240 a year for third party property, fire and theft cover in almost three years of driving, which means I've spent about $700 on insurance. This is a total amount over two cars. If I had have opted for full comprehensive insurance I would have spent near $4k.

I crashed the first car (tired '82 Celica). Put it on its side on a dirt road in the second day of having it on the road. Lots of panel damage down one side, broken rear view mirror and a bent bumper and tie-rod. I fixed it up for a total of $106 which I spent on a "Bugger" sticker ;D and a set of second hand lights for the car, one of which I needed. I made up a new bumper out of scrap steel my dad had lying around and straightened everything else out as best I could, and left the paint scrapes and dings on the car as it wasn't worth fixing because it was so old and run-down. I drove it regularly for 3 months after the accident. Sure, it didn't look good, but it got me around, and it didn't look all that spesh before I pranged it either.

I have had one accident in my second car which was my fault, I ran into the back of an old camry in stop-start traffic. I broke 5 of the 6 lights on the front of the car, pushed the bumper bar in and bent the bonnet up. That cost me $250 all up which included second hand lights, a second hand bonnet and some filler and matt black paint which is still on it today. The owner of the Camry never contacted me. To get the bonnet painted would probably cost me about $250-300.

If I had have had full comp. I would still have been better off fixing both cars myself because the excess would have been more than what I spent on repairs.

The joys of owning old, cheap cars :)
#1 Post Wh0re
pringles was here!

Offline Ammerty

  • post whore
  • *****
  • Posts: 1448
  • Karma: +16/-21
  • Gender: Male
  • GT - AHHHHH!!
Re: CRAZY speed camera ranting
« Reply #53 on: Apr 4, 2007, 08:49PM »
mm we need a speed camera rant thread.

lol done mate  :D


wow this speed camera stuff became a bit of a hot topic - here, continue rant :D
http://www.antrx.com/smf/index.php?topic=13061.new;boardseen#new
« Last Edit: Apr 4, 2007, 08:56PM by Ammerty »
Quote from: SECLUDED

When are you not drunk Ammerty...lol  ::) ;D

Offline Ammerty

  • post whore
  • *****
  • Posts: 1448
  • Karma: +16/-21
  • Gender: Male
  • GT - AHHHHH!!
Re: CRAZY insurance prices
« Reply #54 on: Apr 4, 2007, 09:08PM »
aiight so to continue from one of my previous posts i am going to opt for third party (fire and theft included), its gonna cost $380 a year, SO MUCH BETTER THAN $5000.
Quote from: SECLUDED

When are you not drunk Ammerty...lol  ::) ;D

Offline Febrile

  • Forum Predator
  • post whore
  • *****
  • Posts: 1159
  • Karma: +36/-13
  • I like having thumbs
Re: CRAZY insurance prices
« Reply #55 on: Apr 4, 2007, 09:43PM »
aiight so to continue from one of my previous posts i am going to opt for third party (fire and theft included), its gonna cost $380 a year, SO MUCH BETTER THAN $5000.

Indeed - now just eliminate yourself as being a possible accident factor, then you only have to worry about others, and cautious driving can minimise that as well.  Also, bear in mind that in the long run (i.e. your entire life), insurance will always be a loss for you (unless you're an outlying statistic, which you assure us you no longer are  ;D). 

If it was a fair game, there would be no insurance companies, because they'd make no profit.  So on average, the insurance companies must recieve more money than they pay, which in turn means that the average person purchasing insurance will pay more money than they receive.

So I guess you could say it's not even an option of risk - the average person will always be better off not having insurance, at any arbitrary point in time.  The only real factor is your temporal location in this 'average' - your situation is a good example, Ammerty - you've taken a loan for your car, so presumably you don't have the money to replace it right now, hence the desire for insurance.  But unless you're a total bum, I think we can safely say that you will be able to afford another car at some point in your life.

The joys of owning old, cheap cars :)

This is a really good point, and is something that I find myself increasingly interested in as an economics student growing up in this era of global warming, human impact on the planet etc.

So many of us are willing to trade our time for money which we spend on intangible benefits (like the prestige of owning a new car) which impart an ambiguous level of utility.  But though our time is essentially free, and we are all endowed with roughly the same amount of it, the things we trade for it are not free - resources are consumed/embodied the things we get.

A question I find myself constantly asking is - do we have a responsibility to not constantly seek to better our standard of living, as measured by what we consume?  A core assumption of classical economics is non-satiation - the notion that more is always better than less.  But is this a valid assumption? 

Given the finite nature of resources, but the infinite time available to mankind as a species (i.e. so long as we can keep breeding, we keep producing people who are automatically, freely endowed with time they can trade by labouring etc), should we be saying "Hey, you know, I'm comfortable with this life, and I don't need anything else" more than we do now?
Doo-woop-shoobie-doo-waah

Offline bogan_bob

  • antrx.com junkie
  • *****
  • Posts: 806
  • Karma: +16/-6
  • Gender: Male
Re: CRAZY insurance prices
« Reply #56 on: Apr 4, 2007, 10:22PM »
aiight so to continue from one of my previous posts i am going to opt for third party (fire and theft included), its gonna cost $380 a year, SO MUCH BETTER THAN $5000.

awww WTF fire and theft on my R31 is $410  :o >:( oops should pay that too its due next week  :P insurance company [i seem to suffer from tourettes]s

http://ozvr4.com - check it out :)

Offline Taiwan Corsair

  • antrx.com full member
  • ***
  • Posts: 153
  • Karma: +3/-6
  • Gender: Male
Re: CRAZY insurance prices
« Reply #57 on: Apr 5, 2007, 12:43PM »
There are some people who would indeed argue that the kind of economy we have now, based on continual growth of everything, including consumption, is inherantly unsustainable. Continual growth is not possible with finite resources. People (like Peter Costello) who seem to think way to improve people's lives is to grow the populations so as to grow consumption and therefor increase whealth seem to me to be very short sighted. What if the reason that growth in the population is slowing in Australia is because there is a natural, perhaps biological mechanism that prevents overcrowding. If we overcome that artificially, then what? We'll destroy the place. We'll fill up the land till there's nowhere left for trees.

As for the statistis... I think some of us have demonstrated that they have a very very high probability of crashing their car in the next year or so, and the rest of us have to bear the cost... if indeed we decide to have insurance. I had none until very recently, like I said, and turned out to save me money. The thing is though, when I was driving in heavy traffic, at night, in the rain... well I couldn't really enjoy it as much because I was worried about denting somthing expensive. No to say I plan to throw caution to the wind... but I have gained a (perhaps rather abstract and intangible) benefit from 3rd party insurance. Peace of mind.

I think about 90% of what we spend our money on these days falls into that 'intangible' category. Travel, education... its all for the sake of ideas, but that doesn't mean its not worthwhile: it just means ideas are very very important. People are willing to die, fight wars etc. for ideas.