Which is better? Car in my name or wife's?

[Mahjong74]

Your wife cannot transfer her NCD to you

cos NCD is non-transferable. Tie to person and

not vehicle.

 

If you are the principal driver, you should

registered the car under your name. And the

car insurance under your name and your wife

as additional driver.

 

It is better for you to start building your

NCD now than later.

 

1 more thing, make sure when you change the

car ownership to your name, you should still be

the first owner of the car.

Edited June 15, 2008 by Mahjong74

[Evoluzio]

There should also be an excess for any 'unnamed' driver that gets into an accident when driving the car. I believe it should be close to 2.5k. Working out the sums, isn't it around the same as the other 2 options? To close up any open-ends, do check with the insurer for the excess amount for the 'unnamed' driver.

[Evoluzio]

From agents and friends, I understand that NCD can be transferred from parent to child. Between spouses I'm not too sure.

[Apollo]

fwah... i abit mountain turtle.. when car insurance climb until so high.

 

i only pay ard $600+ on premium.

 

coming to 1 ear soon... go hike arh?

[Earthforge]

"Your wife cannot transfer her NCD to you cos NCD is non-transferable. Tie to person and

not vehicle."

 

Was told by Agent that the NCD can be transferred from my wife to I when we change vehicle. Of cos, if I dont get a new car, means I will never have NCD.

[Earthforge]

"1 more thing, make sure when you change the car ownership to your name, you should still be the first owner of the car."

 

By car ownership, since I have not taken possesion of the car, all I need to do is to tell the Authorised Dealer to change it to my name?

[Alpha78]

Old man driving fambily far = cheap insurance

Young man / new license driving tiong chia = expensive insurance

[Alpha78]

If you think you are a safe driver, with low possibility of getting into an accident which is your fault, then by all means register under your own name, which you mentioned the premium is even cheaper than your wife's.

[Mahjong74]

Good to hear that nowadays NCD can be transfer.

But better start it asap.

[Apollo]

i drive lowlee... slow slow difficult to langga. no one wanna come langga me.

[Solar]

off topic a little.. if a person sells his car and goes overseas for a couple of years.. when he returns, is he able to retain his NCD?

[Lobangking88]

Yes u can transfer NCD between wife to husband only when he/she changes car.

[Lobangking88]

for Kah motors, i believe you must take the in house insurance to be able to enjoy the in-house insurance discount...

 

Yes u can get the inhouse discount, after collecting ur car n CANCEL AXA immediately and pay a small penalty. $50 at times.

Do up another policy asap.

 

Cheers

[Lobangking88]

after 12mths it lapses.

[Sci10213]

My Kah Motor salesperson isnt the best. Not thorough and very vague.

 

In any case, do I have the option to chose my owned insurance company or do I need to stick to the Kah Motor one? I believe its AIG which I have told explains the high premiums and excesses.

 

Firstly I dun tink the underwriter is AIG. Becos KAH Motors is tied with either AXA or Allianz for new cars while AIG is tied to Borneo Motors.

 

Moreover, AIG new policies do not have the "higher excess for 26 years or less than 2 year driving experience" clause liao. They have switched to age group policies.

[Earthforge]

"Firstly I dun tink the underwriter is AIG. Becos KAH Motors is tied with either AXA or Allianz for new cars while AIG is tied to Borneo Motors"

 

You might be right there, I remember it starts with an A but cannot remember which was which.

 

Any recommendations for insurers for myself?

[Sci10213]

off topic a little.. if a person sells his car and goes overseas for a couple of years.. when he returns, is he able to retain his NCD?

 

No

[Cbx750p]

The guys are right ! You got to build up your own NCB sooner or later and hiding behind the wife is not a good start !

 

Furthermore, if you decide to dumb the wife, you can still keep the car but if it is her name, she would claim that she owns it ! ....okay,sorry, just joking !

 

My buddy have been driving for the past 20 odd years and guess what, he does not have any NCB because it was all the cars were registered in the BOSS's name ! As long as he don't dumb the boss or gets dumbed, he gets to enjoy low insurance premiums.

 

In conclusion, get a start yourself ! Don't ride on your better half !