Cars put in parent's name

[HLC]

Originally Posted by Polyal

Mate thats pretty tight. How much could your policy be for a stock AU?

NRMA want $3000+ for it in my name. comprehensive.

i pay $1370 currently.

Originally Posted by Polyal

I see no point paying full comp on any car unless its worth more than say $5k, just wasting your money.

Then again it depends on the individual.

why? my ED was insured for an agreed value of $6300. it had high k's, but was in bloody excellent condition. i was trading it in for $1500, then i crashed it about a week before the deal was to be done.

yes it depends on the individual, but ive seen mates just throw thousands away just because they didnt want to fork out an extra $1000 or so per year. just seems silly to me. i will always insure comprehensively. but yeah, depends on the individual.

[yabby6]

Originally Posted by FordGirl86

They weren't talking about 6 cyl coz as far as i knowits mainly high performance vehicals they are banning P platers for like turbos and v8'S not 6 cyl

they are not only doing turbo, s/c, and all v8s, vicroads is nominating certain 6cyl models which will not be allowed to be driven by P platers

[I FluXx I]

Originally Posted by Green X

Do what you want and If something happens just pay the $700-1000 unlisted driver excess and move on.

Insurance company’s screw you, and will drop you claim any way they can so why should you let them screw you over on Rubbish insurance costs aswell.

I know a guy who had a 2001 TD Landcruiser Stolen last year it was insured for $40,000 and had payed his renewal less that 2 months before it was stolen.

When it was stolen it had just had $3000 worth of accessories added that he hadn’t yet notified the company of.

Car was stolen fairly devested, but thought he would be right, had been with the same insurance company for 20 years, filed his claim, they offered him a $33000 pay out for a car that had just been insured for $40,000 WTF (Basically told em to GET ********), 1 month later and fighting tooth and nailed he got $38500 final pay out from them.

Yeah do the right buy the Insurance Company, LMAO, Pull you head out of the sand, if they can screw you they will.

I have no problem paying up to $2000 for comprehensive insurance, Im paying $1800 now for my ba futura. But Im geting a xr6t turbo soon (paying for it myself). Insurance companys have all quoted me around the 3-4.5k mark. Theres no way im going to pay that. So I will be insuring it and registering it in my mums name. If I have to make a claim I will just pay the extra excess.

Its all well and good for people to say that it is fraud and if you cant afford the insurance you shouldnt have that car. Well I dont have alot of money so it has to be done this way. And Im not going to not have the car I want because other imature dickheads keep crashing there shitbox VR commys into trees and puting up the cost for insurance for 17-25 year olds.
:

[CaRtZ]

Originally Posted by Full Noise

Sorry mate, that comment is absolute bulls**t.

I’m not having a go at you personally, being 18 once myself I can understand your way of thinking, however, I just don’t agree with it. If you can drive your EF for three years and not bend it, you’ll be in a lot better shape to handle a more powerful car when you’re 21.

You can still get into a lot of strife in an EF. They’re not that gutless.
Good luck with your P’s, just don’t go killing yourself.

yeah i can understand all that. it will break the speed limit, it will smoke em up (see avatar pic) and it will get sideways.... in the wet. yeah its no slouch it hits 100 before 10 seconds and will break the speed limit when its required (overtaking and such)

but compare standing on it around a corner in a stock EF to a BA XR6. even and AU. big difference and when the power number comes down there will be more of a differnce.

anyway i went for the "young people should drive appropriate cars" option as in my personal beliefe its true. what is demed an appropriate car is another argumeant entirely

as for insurance i have been quoted 1498 per yr from the RACV and 1487 from AAMI and i didnt tell them about the stereo ($1200) or that it will be getting lowered, tinted and immobiliser alarm.

[GlennBA]

Originally Posted by Full Noise

Is there anyone here that’s ever had to make a total loss claim on a vehicle insured in their parent’s name?


It’s mad for overtaking, until you stuff up.

Until i stuff up? I'm a very careful driver.. i'm not an idio on the road.

To answer the original question in this thread.. my AU forte 6cyl is insured under my mums name, not because i can't afford it but because of whats been done to it. Its not a powerful car.. infact quite the opposite.. no engine modifications.. but if you're my age and want a bodykit or mags the insurance companies charge through the roof. I pay for the insurance, and i am earning a NCB by being listed on the policy.

[Green X]

I FluXX I

Agree mate, I have been doing the same for years, Why should I have to pay stupid amounts for insurance because of others stupidity.

They see you are Under 25 and slog you for it, I travel a lot of k’s each year in all sorts of conditions on all sorts of roads but insurance companies don’t see that or the fact that you have never had a accident, never had a speeding fine, and that you are less likely to have a crash cause you can actually drive a car. It’s yep under 25 he must be a Crap driver so it’s time to Pay.

[poppasmurf]

i still owe $3500 for my car and i have it all in my name, i payed $1700 for the first year for insurance which has now come down to under $1000. if you cant afford than u shouldnt have it in the first, it makes it harder for those who do the right thing with preiums going up. its time to stop living under mummie and daddies roof, bet u all still live at home and pay no rent, lol. get your own insurance

[GXL078]

My 351 XC is in my mum's name because she gets pensioner rego and doesnt have a car. Because its registered at her address the insurance is cheaper too. I'm 37.

[Auslandau]

Originally Posted by notty1978

SCARE THE **** OUT OF YOU and you will be worse off
these new laws are only to cause more accidents and they have in the pass

If it does, you dont deserve to drive....let alone get somthing more powerful! The problem is that 'young' people think they can drive at 18! Of course anyone can drive......its experience to cope with everyone else on the roads that takes the time to learn!..........(I am not that old!!!! :yeees: )

Have the car in your parents name by all means as I have done for my son, but have an accident and you may find all those 'discounted' premiums were for nothing! I checked with RACV and you have to be very careful and good at lying when it comes to crunch time!

For parents to 'help' kids get 'illegally powered' cars? They are the ones that should pay the fines or clean up the mess when things go wrong. Yes the system is flawed but it is in the right direction, at least in vic it is power to weight. A blanket ban on V8's is stupid

Insurance is a buisness. Not charity. You can take it or leave it. They take the risk on you as driver and go by stats........SO premiums for higher powered cars, sports cars, ricers etc are at a premium for younger drivers! Prove yourself to them and things will get cheaper! Think about it if you were gambling with your mates.

"Bro, I will give you $500.00 a year but if I smash my fully sik VL you have to pay to get it fixed and buy the BMW I just totalled!" : Would any of you's?????



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[HLC]

Originally Posted by GlennAUII

I'm a very careful driver.. i'm not an idiot on the road.
.

BULLSHIT! thats not what ive heard.....:

[I FluXx I]

Originally Posted by poppasmurf

i still owe $3500 for my car and i have it all in my name, i payed $1700 for the first year for insurance which has now come down to under $1000. if you cant afford than u shouldnt have it in the first, it makes it harder for those who do the right thing with preiums going up. its time to stop living under mummie and daddies roof, bet u all still live at home and pay no rent, lol. get your own insurance

Yeh mate, I still live at home. Im only 18 and I pay board. And to afford the xr6t im geting, im no longer driving to work (taking the train), i dont buy anything and im working a second job to save as much as possible. Im not geting a insurance price based on my stats. Im geting a price based on the average ******** hoon. Like someone else said. They dont give you a disscount if you havnt had an crash, claim or even a speeding fine.

[knighto42]

If you can't afford to insure a particular car in your own name, you can't afford to own that car.

If you're 19 and get quoted $3000 on the car you want - that's what it costs to have one. Insuring it in your parents name is like asking them to chip in the extra money that you don't have. At some point people need to stop relying on other people and either (a) find some way to afford it or (b) buy a car you can actually afford to run.

[Full Noise]

Originally Posted by knighto42

If you can't afford to insure a particular car in your own name, you can't afford to own that car.

I like the way you think, Knighto42. It’s a pity a few more people here don’t think the same way.

[Cooper69S]

I can't help thinking theres a hint of jealousy around... "if i had to pay thousands for insurance then so should everyone else"

insurance is something you have to have, but seriously, who cares how its paid for, so long as the car is insured and if you damage someone's property it will be covered.

the guys on here who are saving thousands a year by insuring in their parents name - forking out all the extra cash to insure it themselves would not give them one single benefit so may as well save the money - they need it more than the insurance companies do - and so long as its all done legally then you're playing by the insurance companies own rules, so who could complain?

You're faced with 2 perfectly legal ways to pay for something. A costs $600, B costs $1800. the end result of both is exactly the same. why would anyone choose B?

one thing i can think of to make it more fair for those who don't have that option of cheap insurance through their family, is insurance companies should remove the huge excess they charge young people who are already paying enormous premiums instead of double dipping and charging a fortune both ends...

[knighto42]

Originally Posted by Cooper69S

forking out all the extra cash to insure it themselves would not give them one single benefit so may as well save the money

Benefit of knowing you've paid for something yourself, without Mum or Dads help. Benefit of knowing what it means to play by the rules instead of finding a way around them.

Originally Posted by Cooper69S

... and so long as its all done legally...

... You're faced with 2 perfectly legal ways to pay for something...

I'll stand corrected if I'm wrong - but I think you'll find it's not legal (Insurance fraud), which is why insurance comanies deny claims if you're found out.

[notty1978]

Originally Posted by xcgxl

My 351 XC is in my mum's name because she gets pensioner rego and doesnt have a car. Because its registered at her address the insurance is cheaper too. I'm 37.

ha ha Its the only way to go
good on you

[MITCHAY]

Originally Posted by knighto42

Benefit of knowing you've paid for something yourself, without Mum or Dads help. Benefit of knowing what it means to play by the rules instead of finding a way around them.

Just because you can afford it doesn't mean that you shouldn't go for a cheaper alternative.

I pay $3355 and can afford it but if getting a cheaper premium meant signing it over in my mums name I wouldn't even think about doing it, I'd do it!

Sadly not possible for me though.

[Cooper69S]

Originally Posted by knighto42

Benefit of knowing you've paid for something yourself, without Mum or Dads help. Benefit of knowing what it means to play by the rules instead of finding a way around them.

personally i prefer the benefit of thousands of extra dollars in the pocket. there are plenty of other avenues for learning good values in life.
also i wasn't referring to breaking the rules, I said in an earlier post that lying to your insurance company, about something that will likely cause them to cancel the policy should they investigate, means that you may as well be uninsured.

Originally Posted by knighto42

I'll stand corrected if I'm wrong - but I think you'll find it's not legal (Insurance fraud), which is why insurance comanies deny claims if you're found out.

its 14 years since I bought my first car so rules may have changed since then, but i had full comp for $350 when i was 17 and was listed as the main driver for the car - was all fair and above board. Still i can't see that it would be that different now - even if the insurance company charges the same premium as if the young driver was insuring it themselves, they should at the very least get a 60% discount through the parents NCB...
what might make the difference was that my father was the registered owner of my car (he bought the car and i paid him for it) - if it was registered as mine it may have been different

[I FluXx I]

Originally Posted by knighto42

Benefit of knowing you've paid for something yourself, without Mum or Dads help. Benefit of knowing what it means to play by the rules instead of finding a way around them.

I'll stand corrected if I'm wrong - but I think you'll find it's not legal (Insurance fraud), which is why insurance comanies deny claims if you're found out.

I am paying for something myself. Im paying off my ba futura. Im paying $1800 for insurance. And im going to be paying for my xr6t aswell. And this is not with money I get from my parents. Im a first year full time apprentice and work 6 days a week. All the money I get go's into cars + board because that is what I like. I would be able to afford the insurance for the xr6t if ******** P platers stop crashing. Its the only reason the insurance is so high.

And its not fraud. If a claim did have to be made, my mum would say I was driving. I would just end up paying a extra excess.

Note im paying for EVERYTHING myself.

[Green X]

“Benefit of knowing you've paid for something yourself, without Mum or Dads help. Benefit of knowing what it means to play by the rules instead of finding a way around them.”

What, are you serous.

My 4WD is insured in my Bloody uncles name, cause I ant paying $1300 a year when I can pay $800 and if something happens I pay the $700 unlisted driver Excess.

I can afford to pay the $1300 but why the ****** should I just cause I am under 25.

Fact is most of the people like me who have the insurance in another persons name, is because we have shown we are unlikely to make a claim so the other party has offered to put the insurance/ car in there name.

I have had my license for 5 and a bit years and have raked up some 200,000km and my HR Truck license for 3 years, have never had a crash never had a speeding fine and never made a insurance claim for anything so why should I be required to pay a stupid price for my insurance just cause i am under 25.

Now if I were bad drivers and make a claim every second weekend then obviously the other party isn’t going to put his NCB on the line for me are they.

[knighto42]

Originally Posted by Green X

What, are you serous.

Yeah I am serious. Look, I'm sorry if this offends you or anyone else, because it's just my opinion and is not directed at you or anyone else in particular, but I think that at some stage people need to stand on their own two feet and take financial responsibility for themselves. I don't think that insuring a car through a parent/relative in order to get a cheaper premium is doing that. I'll wait for the comments of "I'm paying it all myself, so I AM taking financial responsibility" - you're not really paying it ALL though are you? Without Mum and Dad's help you'd have to pay the same amount everyone else your age has to pay.

When does it stop?
25 - when you're eligible for a regular premium? By then Mum and Dad might have an over 50's discount which is cheaper again - better stay on their insurance!

Mods - Sorry if this has gone a bit off topic.

[MITCHAY]

So long as they are paying the money, how isn't it standing on two feet?

Originally Posted by I FluXx I

I am paying for something myself. Im paying off my ba futura. Im paying $1800 for insurance. And im going to be paying for my xr6t aswell.

Good on you mate. The way I see it as that you can pay $1800 for a car that is no where deserving of the premium ($1800 for a Futura = get ******) or buy a car you are totally happy with even if it costs more.

My mate was paying $3500 for a BA XR6. I pay less than that and my car is not only faster but more expensive to repair.

[knighto42]

Originally Posted by MITCHAY

So long as they are paying the money, how isn't it standing on two feet?

I beleive that getting a cheaper premium by relying on other people lying to an insurance company for you isn't standing on your own two feet.

Anyway, like I said this is just my opinion, which unfortunately seems to be offending some people, so now that I've given it I'll leave it at that.

[MITCHAY]

Originally Posted by knighto42

I beleive that getting a cheaper premium by relying on other people lying to an insurance company for you isn't standing on your own two feet.

Anyway, like I said this is just my opinion, which unfortunately seems to be offending some people, so now that I've given it I'll leave it at that.

If you declare the regular driver how is it lying?

Like I said before multiple policies with the same company can get you a discount just like the age/driving record of your parents.

[knighto42]

Originally Posted by MITCHAY

If you declare the regular driver how is it lying?

More than one person has said that they're not listed as a driver on 'their parents' insurance policy on their car. They're the people I'm talking about.

Originally Posted by MITCHAY

Like I said before multiple policies with the same company can get you a discount just like the age/driving record of your parents.

You can get the discount from multiple 'family' policies from an insurance company without the car being insured in your parents name.

[Grasshoppr]

Originally Posted by I FluXx I

Its all well and good for people to say that it is fraud and if you cant afford the insurance you shouldnt have that car. Well I dont have alot of money so it has to be done this way. :

That is the other problem regarding the issues in this thread. Young people want everything NOW! The mentality that you know you can not afford to TOTALLY own and insure the car YOURSELF means that you can not afford to own the car. People these days are always looking for ways around the system rather than understanding that these types of actions are directly responsible for insurance companies jacking up prices and look for every reason to not pay a claim. I hate the way insurance has become a painful thing for everyone, but it is only due to people trying to lie or cheat the system that this becomes the world we live in.

So when all you young ones complain about paying for higher premiums because some ****** in his VL commy stacks into a tree. Just remember that by you cheating the system, you are contributing to this just as much.

[MITCHAY]

With insurance being a rip off in general, you bet your *** I'm going to explore every avenue to get a cheaper price.

Insurance companies do the same when it comes to paying out, if they even do.

[BAFalconXT]

It is insurance companies job to rip off as many people as they can, everyone should shop around and get the best price they can. Who should complain about young people wanting things now. They work hard, then they should get what they want however they can get it.

[Green X]

Mate I not offended buy you opinion if that’s the way you feel No worries.

It’s not like I asked them to do it, they said they would do it cause they don’t believe it is right that i should need to pay that much to insure my car.

In life you get shafted enough buy Governments, Corporations and people in general at one time or another so anything you can do to help yourself out a little you do.

The way the world is built, you don’t get anywhere buy playing buy the rules, you need to bend them to you advantage.

[378ute]

The best one I've heard is that whilst you can drive any sort of car when your on L plates (you are under supervision), the day you get your license you are limited to the type of car you can drive. Take this to the next level, if you get an automatic drivers license, that is all you can drive for the first 3 years, you cannot drive a manual even under full supervision, even with L plates on (you already have a license). You actually lose 3 demerit points for driving with L plates showing. Yet on 1st day of year 4, that same inexperinced P plate driver can jump into a manual supercharged V8 (without any supervision) The laws are an ***.