Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




673 posts

Ultimate Geek


#255981 9-Sep-2019 13:26
Send private message

Hello,

 

Anyone have any experience with getting insurance for a car which has very low annual use? I realised one of our cars had less than 1000 km in the last 12 months and was hoping there was some options out there for reducing my insurance premium as a result - given the car is at risk for a very small proportion of the year. 

 

Its not at the 20 yr mark - so unlikely to satisfy the "classic" criteria, but is also not worth that much (ie probably somewhere between 5-7k maybe) so not worth selling it as it is useful when we need it (eg for towing, extra space or just 2 car flexibility). 

 

Any ideas? 

 

Cheers


Create new topic
9167 posts

Uber Geek

Lifetime subscriber

  #2313748 9-Sep-2019 17:11
Send private message

classic cover or any of those types dont generally care about the age and will insure you will low millage cover, some of the main stream providers will also do the same


19034 posts

Uber Geek

Trusted

  #2313789 9-Sep-2019 18:56
Send private message

 Nice to know. Im about to buy a cheap car JUST for golf. Small, low km (50k or so) just for golf, and maybe some minor running around.

 

Do I need to ask my insurer for this?


 
 
 
 


3253 posts

Uber Geek


  #2313794 9-Sep-2019 19:07
2 people support this post
Send private message

With that low mileage, wouldn't it be cheaper just to hire a rental car and avoid the capital costs and depreciation?  These days in some places there are on-demand cars (Loop).  Taxi's?  Uber?  The travel options are getting better all the time.  





Always be yourself, unless you can be Batman, then always be the Batman



19034 posts

Uber Geek

Trusted

  #2313796 9-Sep-2019 19:11
Send private message

scuwp:

 

With that low mileage, wouldn't it be cheaper just to hire a rental car and avoid the capital costs and depreciation?  These days in some places there are on-demand cars (Loop).  Taxi's?  Uber?  The travel options are getting better all the time.  

 

 

This is NZ we are happy to own a car to sit idle! But financially yes you are right
Rental car means forms , credit card, see one else dings it. If there was a Uber like Lime rental, thats an option


/dev/null
9077 posts

Uber Geek

Moderator
Trusted
Lifetime subscriber

  #2313797 9-Sep-2019 19:14
Send private message

In Wellington we have https://mevo.co.nz/ which is cars on demand via an app. Would be handy in this situation.







673 posts

Ultimate Geek


  #2313812 9-Sep-2019 19:41
Send private message

We live in an area which has very limited access to easily getting a rental or ride share car (already looked at that as an option), and there is still the question of how to get to it if you don't have a mode of transport.
The depreciation on such a cheap car as it stands is so little it's not worth worrying about. The car is otherwise reliable and in good shape and as I mentioned has value to us for keeping it when we need more space or towing etc... so for our situation it makes sense to just retain it.

I asked our current insurer (Ami) and they didn't have a low mileage option, so will have to ring around others (argh) lol

If anyone has any experience or recommendations of such an insurer then let me know.
Thanks

691 posts

Ultimate Geek


  #2313815 9-Sep-2019 19:55
One person supports this post
Send private message

Consider ditching comprehensive cover, and going for either a third party or third party, fire & theft policy.

Given your low mileage decreases your exposure, and given the low value of the car,  it may make financial scene to self insure the first party portion. We do this for our lower mileage car.


 
 
 
 




673 posts

Ultimate Geek


  #2313822 9-Sep-2019 20:05
Send private message

Yeah had tried that avenue also but was surprised at how little difference there was between full and third party

691 posts

Ultimate Geek


  #2313826 9-Sep-2019 20:24
Send private message

E3xtc: Yeah had tried that avenue also but was surprised at how little difference there was between full and third party

 

 

 

Was like $350 vs $750 last time I looked into it. Perhaps you are deemed to be very low risk due to your location or demographic...


1371 posts

Uber Geek


  #2313843 9-Sep-2019 21:30
Send private message

You could try Cove Insurance: https://www.coveinsurance.co.nz/

 

They ask you how many days a week you use your car, as I only use mine 1-2 days per week my quote was 40% cheaper than what I get with State (and that was already cheaper than the other top 5 providers).

 

 


13848 posts

Uber Geek

Trusted
Lifetime subscriber

  #2313863 9-Sep-2019 22:22
Send private message

tdgeek:

 

 Nice to know. Im about to buy a cheap car JUST for golf. Small, low km (50k or so) just for golf, and maybe some minor running around.

 

Do I need to ask my insurer for this?

 

 

 

 

Can you use a car for golf? I know there is a special one named for it, so I suppose you can.

 

Then again the same car was called a Rabbit in Germany, so maybe it's for something different?






35 posts

Geek


  #2317022 13-Sep-2019 10:00
Send private message

jbard:

 

You could try Cove Insurance: https://www.coveinsurance.co.nz/

 

They ask you how many days a week you use your car, as I only use mine 1-2 days per week my quote was 40% cheaper than what I get with State (and that was already cheaper than the other top 5 providers).

 

 

 

 

Thanks for the shoutout! (I work at Cove, and worked with heaps of Geekzone readers to develop Cove into what it is today over on the Startups Forums, back when we were a chatbot based startup).

 

We ask whether you use your car 0-2 days per week, 3 - 5 days per week, or 6 - 7 days per week...simply because of less driving = less chance of crashing. When time allows we'll build in an automatic lookup via API, since the distance travelled is recorded during each WOF so the data is already available.




673 posts

Ultimate Geek


  #2317031 13-Sep-2019 10:07
Send private message

Well I certainly need to make a call then - I went on to the website but evidently my car is a special model :O so need to make an actual phone call :D But the approach seems to be spot on for what I am after. 


Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Withings launches three new devices to help monitor heart health from home
Posted 13-Feb-2020 20:05


Auckland start-up Yourcar matches new car buyers with dealerships
Posted 13-Feb-2020 18:05


School gardens go high tech to teach kids the importance of technology
Posted 13-Feb-2020 11:10


Malwarebytes finds Mac threats outpace Windows for the first time
Posted 13-Feb-2020 08:01


Amazon launches Echo Show 8 in Australia and New Zealand
Posted 8-Feb-2020 20:36


Vodafone New Zealand starts two year partnership with LetsPlay.Live
Posted 28-Jan-2020 11:24


Ring launches indoor-only security camera
Posted 23-Jan-2020 17:26


New report findings will help schools implement the digital technologies curriculum content
Posted 23-Jan-2020 17:25


N4L to upgrade & support wireless internet inside schools
Posted 23-Jan-2020 17:22


Netflix releases 21 Studio Ghibli works
Posted 22-Jan-2020 11:42


Vodafone integrates eSIM into device and wearable roadmap
Posted 17-Jan-2020 09:45


Do you need this camera app? Group investigates privacy implications
Posted 16-Jan-2020 03:30


JBL launches headphones range designed for gaming
Posted 13-Jan-2020 09:59


Withings introduces ScanWatch wearable combining ECG and sleep apnea detection
Posted 9-Jan-2020 18:34


NZ Police releases public app
Posted 8-Jan-2020 11:43



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.