thread: $10,000 loan for an 18 year old??

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  1. #1
    Registered User

    Mar 2006
    soon to be somewhere exotic
    1,550

    insurance for an under 25 driver is very expensive - more than $1,000 a year (add on more for that if the vehicle is under finance) - heck our FPV alone insured by one of the larger ones was $2,000 a year and that was with both drivers over the age of 25 (and they cancelled all our policies when I notified them of a modification to my car) - now we're with Shannons and the 5 cars (3 imports - 2 american & 1 japanese; 1 performance vehicle and 1 highly modified "normal" car) was about $2,000 a year (2 insured to race & 1 a weekend only driver), now that we've sold the FPV our insurance has dropped by $900 a year.

  2. #2
    Lucy in the sky with diamonds.

    Jan 2005
    Funky Town, Vic
    7,070

    Well this is great.

    She just left in her new VT (it's quite nice). She only has extended 3rd party insurance. FFS! She is complaining fully comp costs too much.

    Dammit - just as I was thinking she probably has her head screwed on.....