Hey, I'm about to buy my first car and have gone through lots of bank and insurance websites for quotes for loans and comprehensive insurance. I've also looked back at quite a few qgl threads too which helped a bit. With regards to insurance though, is Market Value or Agreed value better? I'm about to buy a 2003 Ford Falcon BA XR6 so I would think market value is the way to go but as I've never had insurance I dunno. Any help would be appreciated.

Also, I had a look at Just Car Insurance as heaps of ppl were praising them in another thread from last month I think but their quote was $2200 compared to $1600 from NRMA fyi for anyone else looking atm.

Holy s***e, xr6 for your first car.

Holy s***e, xr6 for your first car.

yeah alsways good to get a slow s*** box for a first car..

as for your question id say it depends, if you keep the car for long enough then Agreed value is better cause prices drop, but if your a d******* of a driver and expect to crash in the neer feuture then get market value i guess..

Just Car Insurance are the way to go if you have a modified car... Otherwise you'd be better going NRMA or Suncorp etc.

Holy s***e, xr6 for your first car.

Yeah, but I'm not a 16y.o. and I've been driving for a while. I want to buy something decent, spend a bit more money and keep it for 8-10 years.

Ehe. I just went down and had a look at a Volkswagon Polo GTI, but a 1.9L Turbo Diesel in such a small car is probably virtually uninsurable as a first car :P

(Yes yes, I'm almost 24 and CBF getting my license).

See, noone believed me when I said I'd have my CAMS license before I got my road license.

Hurrah! I can be useful, this is what I do for a job.

Typically, agreed value you can be up for spending more. Makes sense when you think about it.

Market Value generally is a lot less than what you think. Places may tell you what the current market value of your car is according to them. So many of the prices I've heard, if I could buy a car at that price I'd be cheering.

Personally, that car I'd try for an agreed value. Might have trouble getting insurance for that car if you're under 25, especially if it is your first insurance. One of the broadest companies for insuring are Shannon's, they do what they consider higher risks, previous DUIs, things like that. Like always though, you pay through the ass for it.

edit: Hold on.... JohnnyD... Haha, man stick with the 6 wheeler

last edited by bobbly_bob at 16:17:56 29/Jul/06