I have rang a few places up to get some prices for EL Fairmint Ghia's. Most of the quotes haven't been that bad, about $1400 for a 19 year old, rating 3 driver, which is only about $150 more than my XF would cost. But as soon as I say the word 'exhaust', they straight away tell me that they won't cover me. I asked a guy at AAMI why this is, and he sidestepped the issue completley, so I kept asking why me adding 7 bhp to a car will instantly make it a deathtrap? Then I asked about lowering and bigger mags/tyres, and he didn't really like that idea either.
I don't want to drive a stock car (YUCK!!) and I don't want to be refused insurance if I stove into the back of a BMW or something like that because I have a set of extractors.
Does everyone insure their modified cars as stock, or have they found a company that has found an understanding company??
aami wont allow any modifications to a falcon if your under 25.
nrma does me fine, wheels, suspension, alarm, tint, towbar, stereo, exhaust.. $1100! .. age 21
xr kit too
im with Just Cars Insurance at the moment. $719 a year full comp with suspension, exhaust, wheels. The only problem is its named driver only policy, so no1 but me can drive the car (apart from my dad as he is the other named driver). im 22 Rating 1
Dunno about the rest of the states but here in QLD RACQ allows up to 3inch exhausts and whateva the legal lowerin limit is.. I dont have comprahensive (If i smash my car, its my own fault) but i pay $250pa for 3rd party liability and fire plus theft. Which will cover me against repairs to any BMW Im not too worried about damage to my car as EB repairs are fairly cheap to do yerself..
I'm 25 and am fully comprehensively insured for an EB 5ltr for the last 2 years. I think I'm a rating 2 possibly 1 but I'm only paying $555 pa. I have lowered the car to legal limits with an alarm, 2 1/2" exhaust and the such and ahve no problems. I'm with SGIC in Adelaide and they have been great with claims I had to make in the past when it wasn't my fault! Even if it was, I don't think I would have any problems.
I reccomend doin your homework on the matter and seeing whats out there.
Perhaps you may have to wait a while befor making mods.
I'm insured with SGIC and I can do anything I want to my car (so long as it's legal) for $714 per year (I'm rating 3 I'm 21 and it's an EB but they said it's the same for any 90's model falcon)
Cheers for the replies everyone. I'm going to make a real effort and call every place in the phone book after the hols. It's good to see that other people in a similar sort of age bracket can actually have mods insured. I would have to go comprehensive tho.
Wow....my last insurance bill was around $300 (age 31 at rating 1), for a smaller but similarly valued car to say a 90-92 Falcon.
Unfortunately for you younger guys ;o) , insurance companies tend to work of past statistics to manage their risk. Someone at 21 years or under who makes performance enhancements to their vehicle?...Well, no offence to any here, but if I was an insurance company I'd probably want out of that particular market myself - so hence your prices are higher. The insurer's statistics will probably show that this class of driver is a much higher risk than say, a 51 yo male who drives a stock standard Ford Fairmont.
'But I'm a good driver!! I won't have an accident!', I hear you say. How often do you hear somebody profess that they are a bad driver and might need to claim on their insurance? Indeed, I remember being quite proud of my driving skills, until I totalled my first car (must have been oil on the road or something ;o).
I must agree with Martin, i rang Ford Insure today and they quoted me $379 for my ED XR6 with the mods. I am 29 rating one(that helps a little bit), they said as long as the mods were legal they have no problems.
Glad to hear some other people with similar age and insurance costs...
Im 22 and paying $1,218/year for my 1998 EL which is insured for about $19k with all the mods included. My mags and stezza are insured separately - Im with RACV and I have recently gained rating 3 (20% no claim bonus), although prior to this I was paying in excess of $2000!!
As I have lowered my EL, I have not yet advised RACV as it may increase my premium! :nothpy:
I would doubt that an insurance company would check for mods anyway. The legislation covering these institutions also prevents them from not paying where undisclosed factors cannot have played a role in the accident (although, the insurer might say that there is a link between people who make mods and incidence of accidents - therefore the insured was not paying sufficiently for the risk category - and the policy is void).
But on the insurer not paying attention to mods: My recent accident involved an AU Falcon with two bald tyres on a wet road. When I was at the insurers depot I checked out the tyres on the other car (same insurer - I had not paid much attention to the vehicle at the accident scene) - probably a little vindictive of me (but I was pretty pissed off at losing my own car), but I pointed out the tyres to the assessors, who had already looked at the vehicle but not noticed the tyres (of course, they did when I pointed them out ;o). So, they may not really pay much attention to your vehicle!
Im insured with shannos car insurance. all my mods are listed and covered and the car is at an agreed value of 21K. all this and it only costs me $560 a year. btw im 24 and rating 1 tho.
I just got onto www.youngandcool.com.au to get an online quote, for an EL Fairmont 5 Litre with exhaust and lowered, wait.... $3750!! I laughed a lot when I saw that. It does say on their site though that it's only a rough estimate.
I am tossing up on getting a 6 or 8, I would much rather a V8, but I still don't know if anyone will insure me.
NRMA, rating 3, el fairmont, 20y/o, mags, towbar, lowered 30mm, tinted, $600 p/a. Other than that $1400 was the cheapest. They tried to get me for me wheels being to wide, but i proved that they wern't. They annoyed me with their office skills aswell. And in 2 weeks, i'll get it back from the smash repairers
Benno 4.0 OUCH!!! Why were you revering at 60 km/h??
I rand young and cool today, for an EL Fairmont V8, lowered, mags, exhaust, stereo $1700 p.a. I'm almost 20 rating 3, but the car has to have a 3 point engine immobiliser. Does the smartlock have 3 point??
The guy had to confirm that he could insure my car as it was over 150000 km's.
20 yr old, rating 5 (one claim since driving), ED Futura insured for 9750, they want $1286. Thats not too bad considering that i had told them about my lowered suspension. Its definately the best price that i have gotten with the suspension listed.
I think CGU was 40 bux cheaper... but i cannot have ANY mods at all .
Cheers
Will
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