Just got a quote from Just Cars online:

Premium Amount
Comprehensive $1,272

Your Available Options
Rating One Protection $35


Reference No QTE********



Policy Type Comprehensive
Car Use Private
Quote Valid To 03 Feb 2006
Rating 1
Postcode of Insured Address ****
Date of birth of youngest driver *****1975
Gender of youngest driver Male
Year obtained licence 1992
Car has been purchased Yes
Car is privately imported No

What is this?
Excesses
Excesses on your policy are the amounts you have to pay towards each claim.

When one or more excesses apply to your policy, they will be shown on your insurance schedule and updated on your renewal notice. If required by us, you must pay your excess before we make any payment or provide you with any policy benefits.

You will not have to pay an excess if we agree that the driver of your car is not at fault and you give us the name and address of the person who was at fault or the registration number of their car.

The types of excesses are: Standard, Vehicle, Business Use, Age, Named Driver, Accessory, and Theft.

Please see Policy Documents for full details of cover.

Excesses
These are the excesses you must contribute to each claim:

Standard $450
Plus Vehicle $1,200

If applicable, you may also need to pay one or more of the following excesses in addition to the excesses listed above.

Age Excesses
Female Drivers Aged 16 - 22 $400
Female Drivers Aged 23 - 24 $300
Male Drivers Aged 16 - 22 $650
Male Drivers Aged 23 - 24 $550
Accessory Excess (In Car Sound System) $400
Accessory Excess (Wheels And Tyres (Optional / After Market)) $400

Driving History of the Youngest Driver
The driving history of the youngest driver for the past 3 years is:

Claims and Accidents
Nil

Thefts
Nil

Licence Suspensions/Cancellations & Disqualifications
Nil
Your Car
1999 SUBARU IMPREZA WRX CLUB SPEC MY99 TURBO F/IN 4D SEDAN T

You advised us your car has no unrepaired damage
Purchase date Mar 2005
Purchase price $25,000

Amount Covered: $25,000
Plus Third Party Property Damage up to $5 million
The amount covered includes all non standard accessories and modifications noted on this policy

What is this?
Has the car been modified?
A modification is an alteration, conversion or change made to your car from its manufacturer’s specifications (e.g. lowering the car’s height by changing/altering the suspension, changing the exhaust system by fitting a larger one, adding a body kit, etc)

Just Car Insurance’s motor policy will only cover your car and its modifications if they are road worthy, legal and we have agreed to cover them in writing.

Modifications we have agreed to cover
Air Filter, Blow-Off Valve, Exhaust, Intercooler, Larger Turbo/S, New Computer/Ecu, Suspension Modified, Boost Controller, Taillights, Sports Seats

What is this?
Select any Non-Standard Accessories fitted to the car
These are accessories fitted to your car that did not come standard from the manufacturer. These can include optional extras and/or after market accessories e.g. sound system, alarm, sunroof etc.

Just Car Insurance’s motor policy will only cover your car and its accessories if they are roadworthy, legal and we have agreed to cover them in writing.

Non-standard accessories we have agreed to cover
In Car Sound System $3,000, Wheels And Tyres (Optional / After Market) $2,500, Gauges, Immobiliser, Turbo Timer, Alarm, Sound Proofing, Tinted Windows

Endorsements
The Following Item(S) Must Be Fitted To Your Car For Your Car To Be Covered In The Event Of Theft Or Attempted Theft: Australian Standard Immobiliser.
The Following Modification/S Are Also Fitted To Your Car: Fuel Pump.




So even though they 'cover' your mods, they are not included in the insured price of the car.. If it get's stolen or written off, they only pay out the purchase price, not the purchase price plus mods....

Also if I make an at fault claim my excess will be just under $2.5k!!!!!!