Sib

That stuff with brokers really sucks, i actually work for an insurance company and through that, and my families experience with pur old insurance company, and now trough the AON brokers, i know thay can get you insurance on things other people wouldn't touch, like my brother who lost his licence at 19 going 50km/h over the speed limit and our broker got him covered and is paying less that when he was just insured with our old insurance company direct. But then again at this stage i dont need insurance...i just sell it. I just say check your policy wordings really carefully and if you dont understand call and ask, and like Andrew said, disclose everything. Also do call around before taking out cover, because i know plenty of people here who are just out for the sale, and won't necessarily give you the best deal unless you make them.

Have you ever tried insuring something through a broker compared to through a company direct, they will inevitably get things done for you that you cant on your own, and banks are underwritten by larger companys but it is their staff who you deal with, and they have separate policy wordings, and can often offer better deals than the company's who underwrite them. as far as where you live, i meant that it doesnt matter if you live with your parents or are flatting...obviously it costs more in cities than small towns and more in manukau than the shore, but that wasnt what i was referring to

sorry to be nitpicky, just that you didnt specify ownership, just went by where they live which doesnt impact insurance. oh and named driver is different to main driver, in that you can have loads of people noted as named drivers and as far as the bumper goes, better safe than sorry, depending on who you talk to they may or may not note in it the policy but may instead just make a note somewhere else, or not care. But as long as you declare everything they have to honour it, and its only major mods they'll make a fuss about.

oh and it doesnt matter where you live... its about ownership but if you dont live at home they may check out ownership more readily. and for where you drive it as long its not for work purposes ie carrying stock or taking fare paying passengers etc then its no prob

Actually thats not quite true. First of all being that you cant insure something you dont own, therefore if your parents own it then they have the insured name, but if you own it (and motochek will tell any curious insurer about ownership then it has to be in your name. Also when you insure a car it has to be rated on the main driver, thats why they ask for age/sex etc for the main driver when doinga quote. Thats how the premium gets rated since it takes into account the likelyhood of you having a claim going by the amount of claims (and money spent on them) that people similar to you have had. so if you own the car, it must be in your name or the insurance is wrong. if they own the car, but you drive it all the time then you muct be noted as main driver. If you get caught lying to the insurance company they wont be all too happy,will cancel the policy, decline claims and you will be required to disclose it to any other inurance company for the rest of your life - so good luck getting insured with a mainstream insurance company after that! And as for the no claims disc - if you dont start having the insurance in your own name, or with you as main driver, then you dont get the disc forbeing insured and not claiming - it will stay with your parents - so you'll still have top premium when you finally insure for yourself.

If you insure under your parents name when it's actually your car yuou are in fact comitting insurance fraud..(thats illegal ) as was mentioned earlier if they investigate, which they may well do, the claim will be declined and insurance void (policy condition cancellation as you did not fully disclose) so you will have been paying money for nothing but then again, you may get away with it so up to you i guess Brokers will always be best as they can get insurance company's to cover things they wouldn't normally and know who will and won't do what Banks also can be sweet and get away with a lot more than the company's that underwrite for them do otherwise NAC will insure anyone for a price, if your olds have insurance they may be able to pressure the big companies to do it but xs will be huge, and i'm guessing insure direct is fintels version of IAG (state/nzi) National Auto Club. Oh and BMW aren't really a problem it's the mods and things that'll kill ya!