title question

[Synchro909]

Originally Posted by Mitch//pa

Hi Synchro,
Thanks for getting back it sounds like your system may be better. here each insured person chooses their bodily injury limits and thats where it caps out at. on the antique autos our agreed value is similar but to get the salvage back it will cost you 10% of the pay out. when a person registers a car over there since it also comes with that bodily injury insurance how much is it? and how often does it have to be renewed?

Thanks Mitch

Mitch (and others)
Here, there is no reduction in what you get for a wreck. The agreed value is the agreed value but the insurance companies probably find there is no financial benefit for them to try to sell the wreck so they take the easy route - leave it where it is.
As for the cost of registration, for a modern car or an antique on "full registration", it varies a little depending on the size of the car but a good average would be about $600+ per year paid annually.
Now that I've said that, I'm going to add another layer of info. I live in Victoria so I'll tell of our system but other states are similar. For cars over 25 years old we can get a special deal known as a Club Permit. The road authority (VicRoads) runs a system where properly constituted clubs are recognised by them and members of those clubs can get a permit to drive their cars 45 or 90 days per year. The cost is about a pro-rata for the full registration and includes the personal insurance coverage. The driver MUST fill in a log book each time he drives the car, thus keeping track of the days allowed. Failure to complete the log book means you are driving an unregistered car and they have no tolerance for that. The driver must also be a financial member of his club for the period of the permit.
So, for about $70, we get to drive our antique cars on 45 days each year which is plenty for most. For an extra fee, we can buy another 45 days but no more in the 12 month period. I recently drove all the way around Australia towing a camper trailer (9,000 miles) behind one of my A's and did it on a 90 day Club Permit so for us, it is an economical and viable system we value. So much so, that if we become aware of someone cheating on it, an individual or a club will inform VicRoads so that the offender loses the benefit of the system and its integrity is maintained. Fines for breaking the rules are severe. Just one penalty means that paying full registration would have been cheaper.
Hope that gives you an idea how it works here,
Regards,
Synchro