Hey,

I'd been wondering what to do about insurance on my almost finished mini project.

After reading all these posts, I rang Shannons..

Insurance on my laid up mini for $15,000 is gonna cost $240. Pretty good.

I'll sleep better now.

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GP

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http://www.reflectionsindigital.com/RID/Mini/Mini.html

ah ha ha, what a joke. check out the $950 excess when they value the car at $1450.

$773 per year??? seems a little odd.

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Daniel the concreter (for now)
1974 mini 1100, fully sick rims, disk brakes, new paint, air conditioning, cruise control,v-tech... wishful thinking

My first mini was insured with Shannons (3rd party, fire & theft).. I was 19 when I wrote it off, and my excess was $1100 all up. The policy cost me a fortune too (at the time), can't remember the premium though.

It's not as odd as it seems.. young drivers with fun cars attract appropriate levels of risk. Just don't crash it for a couple of years

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Gareth.

Hang on.. the purchase price is $6500, but you're insured for up to $1450? Something not quite right there..

You're better off banking the yearly premium rather than handing it to JCs.. after you pay your premium and excess, you're actually behind quite a bit. Have you shopped around?

edit: The way I see that, in the event of an accident with another car, you're (effectively) out of pocket up to $1500ish (depending where in your yearly coverage the accident occurs), which is more than you're going to get back from JCs for your own car. Which means there's not a great deal to be gained by having Full Comp compared to Third Party F&T.

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Gareth.

Try doing the same online quote for my Mini. $773 is piss in bath water.