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1990 Lancer SE more expensive to insure than my FTO!!! WHY??
Posted: Wed Feb 21, 2007 7:41 pm
by Spud
My wife drives a 1990 Lancer SE. Third Party RACV want $384. I have Third Party on the FTO and it only costs $257. What gives???
Market Value on the Lancer is only $2100. We are thinking of going elswhere with insurance unless it's gonna be the same elsewhere. My wife is a Rating One and is 34 years old too. I simply don't understand. Any ideas?
Posted: Thu Feb 22, 2007 9:18 am
by kazbah
I'd shop around.. that doesnt compute!
Posted: Thu Feb 22, 2007 10:00 am
by FTO338
I had this conversation with one of the people who work in an insurance company before.
Apparetly Lancer is ranked within top 5 of "high risk vehicle", as there are lots of rice boy who stack there lancer and also its very easy to steal for joy ride.
Its a different story when it comes to full comp though....don't know why? insurance companies are just here to milk you...
Posted: Thu Feb 22, 2007 1:43 pm
by Spud
Thanks guys. It not a Lancer you would hot up, well maybe in it's day but only if you had a GSR. So I don't see it being a rice boy's dream lol. You might be onto something with it being easy to steal though FTO338. Being so old would make it very vulnerable I guess. Full Comp was another few hundred dollars as well.
I may shop around and see what else other have to offer.
Thanks again all.
Posted: Fri Feb 23, 2007 3:55 pm
by Spud
LOL the Lancer broke down yesterday, had to get RACV to tow me home.
I'm getting my money's worth now.
Posted: Sat Feb 24, 2007 12:16 pm
by onnzo
My 91 Lancer GSR with a cyborg (1.6 dohc turbo) engine conversion was only $700 pa for full comp!
That is crazy for 3rd party for a se!
Posted: Fri Mar 09, 2007 12:42 pm
by FtoSam
Agreed. Thats way too much. Shop around and im sure you'll find a cheaper quote... That said $257 is pretty cheap for an FTO.