Historic rego

[wbute]

Not so. The more kms a car is driven & the more days it is on the road the higher the risk. Historic rego is worked out to be 2/7 of 'normal rego because on average it is only going to be on the road 2 days max. out of 7. The green slip component is also much lower for reasons mentioned above. It's like comprehensive insurance, if you're 21 years old & drive a VT SS to work every day, do 25,000 km per year & live in Liverpool in Sydney, the odds are that you will have a smash or have it stolen inside its 1st year. If, on the other hand you are 60 years old, retired, drive a Peugeot 206 5,000 km per year & live in Canberra, the odds are much, much lower of having any insurance claim. The cost of insurance policies reflect this risk. Dr Terry

The risk is equal once the car is out the drive regardless of how many times it's on the road. The opportunity is lessened.
I am all for cheaper rego and insurance though.
I guess Shannon's offer $50 a year comprehensive insurance on a $40000 restored Sandman because it's on Historic plates? The reasons should be the same. It's only on the road a few times a year?