Comments on: Smash repair costs study

By: Captain Mainwaring

Captain Mainwaring — Sun, 27 Jan 2008 08:21:24 +0000

Hey Anthonii,

That’s three different ways of spelling the same word. The correct one in the context in which you’re using it is the first attempt.

By: ichi ban

ichi ban — Sun, 27 Jan 2008 04:09:07 +0000

Just because the corolla is the cheapest to fix, does not mean the parts are the cheapest. Its also how much damage is done…

By: Dodgeman67

Dodgeman67 — Sat, 26 Jan 2008 23:34:27 +0000

I constantly see people driving around with 1 or no brake lights working. At least try and check them once a week so that you can warn the people behind you of your intentions. I don’t want to find out what it would costs to fix my car or find out what it costs to fix the person I might just hit because they didn’t replace a $2 bulb.

By: pepe_1

pepe_1 — Sat, 26 Jan 2008 23:00:53 +0000

If people were more careful and paid attention instead of playing with there phones and other items in the car this could be reduced.Here on the Gold Coast you constantly see car carriers and tow trucks with small vehicles being taken away from nose to tails.
I have comprehensive insurance. Wouldn’t be without it. but remember just because you haven’t had an accident you still pay in the long run for everyone else. this happens by your premium going up a couple of dollars a year.
Wake up people and pay attention to the brake lights in front of you they are there for a reason….

By: PreetR34

PreetR34 — Sat, 26 Jan 2008 08:39:42 +0000

the commodore has airbags and traction control, and also i am on red Ps

By: Chopstar87

Chopstar87 — Sat, 26 Jan 2008 04:58:40 +0000

Regarding the honda civic and a commodore insurance — the Commodore and laser are more of a Risk… the claim histroies on these vehicle are not the best so there is more of a risk on the vehicle – as most people driving vehicle of that age now are P-plates which are the highest risk on the road to have a crash or do some thing stupid… also the Commodore is a V6… so that would also account againest ya as well as again that is even a higher risk eg more power…. and the vehicle are not as safe… no ESP and other safty equipment

By: Chopstar87

Chopstar87 — Sat, 26 Jan 2008 04:51:32 +0000

hey people…..
as i do work in the insurance industry the repairs costs of a vehicle does cost you when taking a policy out.. even colour of your car can affected the premium eg white is cheaper then say Blue print for exmaple….
also if you start claiming a couple of times one most likly premium will go up and then also a Punitive XS can be added to policy so the XS will be higher for future claims.
for repairs we go by a simple rule of $1000 per panel that has been damaged this increase if a BMW or something…. so i would advised to not to over claim on insurance or you could be paying a lot more then the 1000 for the repairs… me personal would not claim unless damage for Exmaple $2000 or more is worth claiming other wise you will be wasting money in the long run….

By: PreetR34

PreetR34 — Sat, 26 Jan 2008 02:33:11 +0000

Duck, civics are quite cheaps considering their quality and specs
mine was approx 27k for the base spec with alloys, tint, foggies, mats and others.

and also the insurance is not that high either, it is cheaper then our old ford laser and 9yr old commodore both of which are worth less than 10k now

By: Andrew M

Andrew M — Sat, 26 Jan 2008 02:14:55 +0000

Anthonni,
mate i understand that panel beaters get stuff at better prices, but i would still love to see a quote for the replacement of a front bar inc respray etc for $1000.

ive seen a few quotes over my time and its amazing how quickly 2K is racked up.

i had a rear bar done on my ute a while back (nothing to them and pretty common) and from memory it was 2K round figures

By: Jason

Jason — Sat, 26 Jan 2008 01:56:37 +0000

Sorry No Name but companies in the insurance industry regularly lose money and some even do it for years on end! The insurance industry runs on a profit and loss cycle that lasts a number of years between peak and trough. This is a result of fluctuating competition within the insurance industry that drives premiums down to levels that are below cost occasionally. Do a google search and you can read a summary about it online.

How are insurance companies able to maintain this? Easy, they use a number of techniques ranging from favourable tax treatments allowing them to carry forward losses years later, spreading expected claim costs over periods greater than one year, relying on cash reserves to sustain the discount cycle, and issuing more debt or equity if things get really dire. Trust me mate, I’ve just spent the last 6 months at university studying the insurance industry and the things these guys get up to is ridiculous.