Weird insurance?
i just did some online insurance quotes and found it cheaper to insure a VS SS 5L v8 than to insure my VS exec 3.8L v6, the excess is equal for both cars and the v8 has cheaper annual payments.
im a 17 year old male P plater so would have thought the v8 would cost alot more than the v6 and im from perth so v8's are legal for p platers.
anyone have any ideas why this is or if it may be a mistake?
(both are the same year with same modifications and security systems etc just one is an SS 5L v8 and one is a v6 exec)
Banned
it's not just based on power. it sometimes ends up seeming that way but it's based on risk - statistical risk.
bottom line is more people in your age group have claimed on insurance for the 6cyl model (which makes sense) and that makes it a higher risk to the insurance company.
that's very simplistic. their risk calculations are quite complex and can change often.
when i got a quote on my vy wagon,they originally quoted my for an equipe instead of an executive. when i told them it was an executive,it went up and when i questioned why,i was told that basically,there had been more claims with executive wagons than equipe wagons so they are a higher risk.Originally Posted by CSP
seems pretty stupid to me, but at least i understand why now, guess theres a v8 coming my way then.
Banned
why stupid? the higher the risk of a claim against a certain car, the higher the cost for people to insure that car. that's just common sense.
yea but the same inexperienced driver would be at a higher chance to crash in a 5L v8 than in a 3.8L v6 due to the power
Banned
That's just plain BS. It's the people behind the wheel that cause crashes. Not the car they're in. Same as guns don't shoot people. People shoot people.
PAVTEK Race Engines
for once i agree with this guy. rep'n for it too
Beers & Blastbeats
More claims obviously get made for that type of car, thats why it costs more
Let freedom ring with a shotgun blast
Donati..Whoa Green
That wouldn't work either, because if your doing something illegal at the time of a crash (driving a V8 without a permit) then the insurance doesn't have to pay up.
-Democracy must be something more than two wolves and a sheep voting on what to have for dinner.
James Bovard, Civil Libertarian (1994)
-Giving money and power to government is like giving whiskey and car keys to teenage boys.
P.J. O'Rourke, Civil Libertarian
-Government's view of the economy could be summed up in a few short Phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan (1986)
I live in WA, we can drive V8's on P plates.
Donati..Whoa Green
Bastard LOL. In that case go the V8 if ya want. If anyone asks why your driving a V8, say your doing it to save money, LOL.
Last edited by acarmody; 13-09-2010 at 10:12 PM.
-Democracy must be something more than two wolves and a sheep voting on what to have for dinner.
James Bovard, Civil Libertarian (1994)
-Giving money and power to government is like giving whiskey and car keys to teenage boys.
P.J. O'Rourke, Civil Libertarian
-Government's view of the economy could be summed up in a few short Phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan (1986)
haha sounds stupid doesnt it haha, but will do cheers
Nope you are quite wrong.
What about a person behind a go-cart or an F1. Same chance of crashing the go-cart as the F1?
Donati..Whoa Green
1. We are talking about cars, not go-karts or F1 cars
2. Yes, an idiot can crash a go-kart as easily as a F1 car.
-Democracy must be something more than two wolves and a sheep voting on what to have for dinner.
James Bovard, Civil Libertarian (1994)
-Giving money and power to government is like giving whiskey and car keys to teenage boys.
P.J. O'Rourke, Civil Libertarian
-Government's view of the economy could be summed up in a few short Phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan (1986)
Confused with life..
There are more claims with a Holden Executive for example over an Equipe or Berlina because the Executive is a more popular model. More people own them and therefore more claims are made. (and no I don't have statistical proof to all you nitwits, it's just common sence).
Not many P platers get around in V8's i'm sure, that's why it is cheaper to insure. It is laughable that it is setup that way, stupid.
Banned
What does your foot taste like?
Exactly. An inanimate object is not dangerous because of its components. Its operator makes it dangerous through their actions.
so if i buy a ferrari...
My GF tried to call mine Molly....I raged. Still deciding on what I'll call it
Donati..Whoa Green
Then before you crash it let me take it for a spin.
-Democracy must be something more than two wolves and a sheep voting on what to have for dinner.
James Bovard, Civil Libertarian (1994)
-Giving money and power to government is like giving whiskey and car keys to teenage boys.
P.J. O'Rourke, Civil Libertarian
-Government's view of the economy could be summed up in a few short Phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
Ronald Reagan (1986)
YEEHAAAAAAAH
Its not really an age thing. My insurance company charged me the exact same amount for a VS ute and a VS SS ute. I'm in my 30s and have a good driving history, no claims etc. I would've thought they'd charge more for an 8 cyl too.
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