Alrighty then, last night i got the renewal for the comprehensive insurance for the XR6. First the good news, is that the value of the car only dropped by like $140.
But the bad news, the premium for no reason has jumped $300. I have declared a $350 dollar exhaust modifications, which the Ford sales person assured me that my premium will not go up as a result.
I often wonder what makes insurance companies determine the insurance cost of a vehicle. I mean i highly doubt that as cars get older the insurance costs goes up, so that means if i were to insure a Holden Kingswood it would cost me $5000.
We specifically moved to Ford Insure as they were $400 cheaper than other companies as being Ford they gave a sort of incentive to own there specialised vehicle XR's, Tseries and GT's.
What really gets me is, here i am supporting the local industry by buying a local special and seems just for that i get slugged with a premium thats unjustified to boot the car is in Immaculate condition to the point where critically the agreed value of the car at $35k is not high enough considering the car is fully optioned.
At $1800 for insurance i'm getting charged the same as a grey import. And heres the government saying that we should support the local industry etc and not buy grey imports.