Car Insurance

[Grayfox]

Yes.

If hurt someone, they sue me for $9,999,999,999.

Insurance saves my butt if the worst happens.

 

[Shaun]

Shaun we do have roadworthy tests.

Yeah, I meant yearly roadworthies.
We don't down here but you guys in NSW do don't you?

Cheers Shaun.

 

[Sureboss]

If you are just starting to drive.

You will most likely get a cheap car, so why not get third party cover.

Shaun we do have roadworthy tests.

Pinkslips.

As others have mentioned it's often cheaper to buy fully comprehensive than third party. Wasn't for me but the difference was so small I went fully comp.

One of the questions you have to answer here is, "where is the vehicle normally kept overnight?" for me it was cheaper to say on the road than on the drive. I live on a road that has two schools on it and will have heavy traffic at certain times of the day, it's a secure area.

 

[Grayfox]

Yeah, I meant yearly roadworthies.
We don't down here but you guys in NSW do don't you?

Cheers Shaun.

Each year you need to get a pink slip which has to pass in order for you to get the car registered.

You do not need a pink slip if your car is 5 years old or less.

 

[Imari]

Each year you need to get a pink slip which has to pass in order for you to get the car registered.

You do not need a pink slip if your car is 5 years old or less.

You don't in Vic. You need to get a roadworthy when the car changes ownership, but otherwise there's no periodic inspections at all. Registration you just pay for and they send you the sticker. I could drive my car for the next 10 years and never have it inspected, completely legally.

I think it's a bit scary to be honest. I'd rather know that the other cars on the road have to have a check that their wheels aren't suddenly going to fall off at least once a year.

 

[Grayfox]

I know, but I think it's the state governments fault.

They get revenue from defect notices given out by police, if you had pink slips and a car was too costly to fix, it is off the road.

If it is off the road that means no revenue.

 

[ilikewaffles11]

I wouldn't right now, like someone else said I'd wait until I have more income. The car I want (Which is a MK2 Supra) will cost an arm and a leg I'm sure because it's a sports car, with a WHOOPING 161HP.

 

[sumbrownkid]

I can't wait until I turn 25 so my rates would drop.

 

[PeterJB]

I wouldn't bother with it. I would simply drive with caution and hope that motorists would to, though I can't exactly count on that.

 

[Jubby]

This is a good question. I've probably paid in thousands in insurance premiums (has to be less than $20,000) and I'll probably pay in $100,000 over the course of my life to cover both myself and my wife. This would include homeowners, automobile, and personal liability.

Will I be happy to pay it? No. Would I do without it? No. Would I change what I have to cover? Yes. I sleep pretty good at night knowing that if something tragic happens, I'm covered. I think about some tricky attorney can sue me (and win) for hundreds of thousands of dollars for medical bills for something that isn't my fault, I'm covered and I won't lose all of my possessions trying to pay it off. Yes, this brings up a point of the legal/civil court issue, but I'll stick to the point.

Comedian Chris Rock put it best. It isn't insurance. It's in-case-🤬-happens. Granted, he was talking about medical, but it still applies. Here's his take, if you aren't aware.

CAUTION: ADULT LANGUAGE

 

[Pupik]

Riddle me this: What the hell kind of sense does it make to have insurance that is more expensive than the car you bought it for?

There's also the chance you damage property worth a lot more than that! Figure in bodily injury, because a $5000 doctor bill is chump change in just about any nation that operates a hospital.

I keep insurance because I'm not the best driver on the road, but everyone else thinks they are. There's also nothing stopping any able-bodied (and some not-really-able-bodied) people from driving a vehicle with no insurance, without a valid license, and I expect my insurance company to cover me from that, since nobody else steps up to the plate in that instance.

 

[lbsf1]

Just got insurance for a 2006 Ford Fiesta, with me (aged 17) on my parents insurance it is only about £800 compared to £1700 for my own insurance.




Disclaimer: They actually will be the main driver so it isn't fronting.

 

[kikie]

I would prefer the security of having insurance, so yes I'd still get an insurance policy

If you asked if I would pay for road tax, I'd definitely NOT pay any road tax anymore. I now, that's not the question, just saying.

 

[ziopaperone]

Here in the good old SSR of Italy, we use a Bonus-Malus system (similar, but not equal to the UK's NCD).

Until 2007, you entered at the 14th level, and got promoted to the next lower-price class after an accident-free year or got demoted by TWO classes for any kind of accident in which you had responsibility, whether it was total or partial.

From 2007 onwards, a new law states that you can "borrow" the class from any cohabiting relative.

We're (or better, my father is) paying 530€ yearly for a '08 1.0L Yaris, being in 4th class. That sum includes: no excesses; NCD protection; reimbursement of any legal expenses following an accident and a "massimale" (that is the maximum sum your insurance will pay if you cause an accident) of 50 million Euros (you could even hit our former Prime Minister Berlusconi without having to pay anything out of your pocket )