WTK: vehicle insurance

[dorgy]

Considering going to N&M to buy ah NP300 navara. But jus wanna know how much I lookin to pay for insurance . lookin at d $2400 a month deal dey have. Anyone could give me an idea on d insurance I hada pay for d basic navara tink d price is $169000 and also if in cases like these if fully comprehensive insurance is mandatory or u can go third party? Dis is my first time at buying a brand new vehicle

[narine]

If you are using a bank to finance the purchase of the vehicle, then the bank will mandate that you take out fully comprehensive insurance (to secure their share in the asset). A rough estimate for insurance is 10% of the value. However, when you include your discounts (no-claim etc) the premium normally goes down. I paid $9,000 insurance premium (Colfire) for a $297,000 vehicle. Hope this helps.

[Kenjo]

T vehicles are also a little more expensive but I can't say the exact amount more

[Joshie23]

A lot of insurance companies have facilities whereby you can call and get a quotation over the phone; just give them the necessary information and you're good..Colfire actually gives you a number so that you can 'save' your quotation and should you choose to insure with them, they'll be able to pull the info and save you some time..in addition to that, most financial institutions allow you add the cost of the 1st year's insurance to the loan so as to avoid you forking out a hefty sum of money on top of a DP and other costs..

[dorgy]

Thanks a lot guys

[dorgy]

Thanks a lot guys