Do you reckon the insurance premium will go up that much because insurance is the last thing I wanna spend extra money on :/
Arden Blue 2013 Astra PJ GTC OPC
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2013 Ford Focus ST
Calibra - The only car that will institutionalise you and send you broke in the mean time
I wouldn't suspect premiums to increase by more than the average car due to Opel pulling out.
Parts will be available locally for at least 10 years.
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Soon to be for sale, 2003 SRiT in silver, 160,000k's, all in all a tidy well maintained car. All reasonable offers considered.
I dont work in insurance, but I can at least provide you with some experience I have had with this.
I insured my last car for $23k as agreed value when I purchased it. 2 years went by and I found that my policy kept going up. When I contacted them, they said that because my car was an "agreed" value, and was higher than what the car was actually worth in the market, my premium went up. Once I changed it to market value, my premium started to drop.
Bit of a cop out imo but one of those things where I just rolled with the punches
Sure, we dont have to worry about viking raids or scurvy anymore, but instead we make a daily routine of sitting in flimsy, fibreglass (or metal) boxes full of gasoline which are propelled in opposing directions on the freeway at velocities matching that of low flying aircraft.
This is a roundabout way of saying that cars are dangerous....
Thanks Hazrd, i'm not too concerened about the premium going up though-what does worry me is after a couple of years they say no more to an agreed value, or they screw you over if it's stolen or written off and re-neg on the agreed value
Now that the price has dropped somewhat and market Value is around 35k for an OPC (sourced from car sales) i'd hate to pay my 47.5k have it stolen and then receive 35k, i would be out 12.5k plus what i paid for the insurance, so all up over 13k loss
Soon to be for sale, 2003 SRiT in silver, 160,000k's, all in all a tidy well maintained car. All reasonable offers considered.
Agreed value is agreed value, it's legally binding and they can't go back on it.
That why generally you pay more for insurance if the car is in for agreed value not market value
2013 Ford Focus ST
Calibra - The only car that will institutionalise you and send you broke in the mean time
what poita and hazrd said. Some insurance companies have new for old replacement in the first 2 years or so, then just drop it to market value. it'll lower your insuarnce premium significantly. Besides that, you wouldn't be able to but a new OPC anyways.
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http://www.opelaus.com/forums/showth...554#post821554
Thanks for the advice, i guess the best bet is to talk to my insurance company for a definate answer
Soon to be for sale, 2003 SRiT in silver, 160,000k's, all in all a tidy well maintained car. All reasonable offers considered.
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