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Car Insurance Renewal

Nash10

By Nash10,
in General Car Discussion

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Eversman

Eversman

Neutral Newbie

Hi guys, i need some help. Just received my Insurance renewal notice and its damn expensive. Like 200+ more then what i paid last year.

 

I'm only 23 years old with 1+ year driving experience. For comprehensive i have to pay $3k+

 

So right now i'll like to use my Uncle name(51 years old, 30+ years driving experience) to buy insurance for my car. Problem is the car is registered under my name when i bought it last year.

 

So the question is: how do i go about doing it, buying insurance under my Uncle name for a lower premium while able to drive the car myself.

 

Pls advise. Thank you.

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Lootster

Lootster

Neutral Newbie

Hi guys, i need some help. Just received my Insurance renewal notice and its damn expensive. Like 200+ more then what i paid last year.

 

I'm only 23 years old with 1+ year driving experience. For comprehensive i have to pay $3k+

 

So right now i'll like to use my Uncle name(51 years old, 30+ years driving experience) to buy insurance for my car. Problem is the car is registered under my name when i bought it last year.

 

So the question is: how do i go about doing it, buying insurance under my Uncle name for a lower premium while able to drive the car myself.

 

Pls advise. Thank you.

 

Unless you transfer the vehicle if not cant do that

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Ivan96935sg

Ivan96935sg

Neutral Newbie

Hi guys, i need some help. Just received my Insurance renewal notice and its damn expensive. Like 200+ more then what i paid last year.

 

I'm only 23 years old with 1+ year driving experience. For comprehensive i have to pay $3k+

 

So right now i'll like to use my Uncle name(51 years old, 30+ years driving experience) to buy insurance for my car. Problem is the car is registered under my name when i bought it last year.

 

So the question is: how do i go about doing it, buying insurance under my Uncle name for a lower premium while able to drive the car myself.

 

Pls advise. Thank you.

 

You can change ownership of vehicle to your uncle but then the financing got to be re-arrange again.....change of owner=transfer fees to LTA...... [sweatdrop]

 

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Eversman

Eversman

Neutral Newbie

like that meaning i'll incur more interest in the process of reloan.. so mafan.. guess i have to pay insurance under my name..

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JJ_TAN

JJ_TAN

Neutral Newbie

If you were able to transfer the ownership under your uncle's name, and put yourself as a named driver, your premium will still be high based on your profile loaded.

 

If you do not put yourself as a named driver, you will incur additional excess of $2000-$3000 depending on insurance.

 

So its more a case of paying 1st or paying only when you have an accident, sort of like a LPPL situation, if you have an accident.

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Babymazda

Babymazda

Neutral Newbie

hi all,

 

I've always relied on this agency, I-N-S Group to help souce for the cheapest quote in the market since I've started driving 5 years ago. It's like providing a one stop service for their customers. I was being introduced by my fren to this website and I'm totally satisfied with their resouceful quotations & service.

 

totally no obligations, you can email them for quotations however I prefer to talk to them. :)

 

check out: www.i-n-s.com.sg

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Chongster

Chongster

6th Gear

my letter just came $1758.29

NCD 10%

company AXA

Cover Comprehensive

car: coupe

age: 35

 

anyone think can get cheaper? 1.5 yrs ago had a small accident, i think claim was about $6k

just wondering how much wld 3rd party roughly be? my car is fully paid.

 

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Jordanplus

Jordanplus

1st Gear

just recieved my letter of renewal from untylucy, new premium $1100+ with 30% NCB, excess $600 & windscreen excess &100. last year paid $1000+, not really increase much. but got quo from MSIG $980, Excess $500 & no windscreen excess. AXA quo me $2500+...... [hur] .

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JJ_TAN

JJ_TAN

Neutral Newbie

MSIG is trying to reduce their portfolio of car insurance coverage, thus not offering competitive rates to secure business.

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Ryanhonda

Ryanhonda

Neutral Newbie

Well.. car insurance rate are going up. Companies that used to provide competitive rates are no longer give good premiums..

 

Good to get more quotes before paying.

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Turret

Turret

Clutched

 

Putting the bad claim experiences we used to hear aside about Income, I am quite impressed how efficient Income generates quotation out. Within 15 minutes by telephones, the sale person is able to give me quotes for different insurance plans including third parties.

 

In my case, the quotes given by income is the most competitive so far.. about $1300 for comprehensive plan for 1 year plus driving experience n above 35 yo.

 

This $1300 is based on using Income own motor shop. If any workshop, cost about $1600 which is still the lowest among all I can find.

 

I am considering Income workshop even though my car is under warranty for 3 years by AD. Is it worthwhile to pay $300-$400 just to cover under AD workshop. It is a problem of probability which I have to ponder over these few days to decide which plan to go for.

 

If the fault is clearly not yours in an accident, you can still go to your AD workshop for servicing and claim from the other party. So the morale of the story is to drive safely.

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Turret

Turret

Clutched

some more information to share about my renewal experiences...

 

nowadays, Drive Shield by MSIG and AIG are the most un-friendly towards drivers which has less than 2 years driving experiences by imposing a high excess of $2000 - $3000.

 

Especially AIG, when i received my renewal notice, they have upped the definition of new drivers from 1 year to 2 years... and their excess is now $600 + $3000. ridiculous and absurb.

 

Car insurance is one where loyalty does not count.

 

Hope those newbie bro/sis who are renewing their policies can forget about contacting them for quotation... [rolleyes]

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Ootb

Ootb

Neutral Newbie
(edited)

Dear All,

 

We are currently looking for respondents to fill in a 30 mins self-completion online survey to find out the satisfaction of car owners with their policies.

 

Selected respondents who fit our criteria will need to undergo a 5 mins phone screening to assess suitability before finally invited to complete the online survey.

Will be paid $50 after survey.

 

Interested respondents, plese kindly fill out the following and mail to [email protected]

 

Name:

Age:

Gender:

Contact:

Make of car:

Renewal month of car insurance:

 

1 Only Singapore citizens and PR may apply.

2 Respondents must not have taken part in any interview/survey related to cars in the past 6 months.

Edited by Ootb
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Blueray

Blueray

Hypersonic

 

did my renewal with AA, best deal at that time was with HSBC Ins and AA throw in 1 year free membership.

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