What do u think?? (insurance q)

mosman69 · 24-10-2006, 02:47 PM

Alright here is the deal, need to get my car insured...
A few options but i though i would draw on the previous experience of forum members.
I can get third part for $219, fire and theft for $300
Comprehensive for $847. but i can do whats called a flexi premium where i can increase my excess in order to lower my premium.
My current premium is $900, if i increase it to $2400 i can drop my premium on comprehensive to $420

I drive an ED fairmont and while i love my car i think its only worth about $4000 but its $4000 i dont have if needed to replace it in case of an accident. my train of thought is im not likely to have an accident every three years and even with the massive excess it works out cheaper if i have only one accident every 4 years.

The other point to consider is should i just go for third party or something??
I can always cry poor to the olds and he will prob pay up to half of the comprehensive, its an option but i don't think that he should have to pay for my insurance (ie the risk of ME having an accident)

Opinions????