My car insurance is due for renewal. This car is fully paid up and left 2 years before COE expired.
I was thinking should i go for:
1) Comprehensive - about $1600
2) Third Party only - about $900
3) Third Party with Fire and Theft - about $800
How can 3) be cheaper than 2) ???
I think you got it mixed up.
In any case, my advice to you is get 3rd party FT.
With 2 yrs left it means your car is basically worthless even if you total it.
Just paper only so why bother?
If someone hits you, you claim his insurance.
If you hit someone, you are covered with 3rd party, and you can just scrap your car if very serious.
If not serious just touch up and drive on. Only 2 yrs.
If own stupid mistake, just pay for it lah.
Go workshop to claim, always inflated.
Pay from own pocket always much cheaper and quicker.
Fark those b**tards who inflate claims and cause honest people to pay more.