Apvman 2nd Gear December 3, 2009 Share December 3, 2009 Went to renew my car insurance recently and seems like the premium keeps increasing and never decrease loh even with my NCD of 50%. Not much difference as compared to my last year premium. When ask the insurance company, knn always same old excuses. Got many PPLE CLAIMS, no choice, up the premium for all drivers. Whats that got to do with drivers like us who never even do any claims at all? Seriously, is our very efficient watchguard, CASE or whatever doing anything to prevent overclaiming by drivers who involved in accidents..... All sleeping on the job! ↡ Advertisement Link to post Share on other sites More sharing options...
Joshterran 1st Gear December 3, 2009 Share December 3, 2009 Went to renew my car insurance recently and seems like the premium keeps increasing and never decrease loh even with my NCD of 50%. Not much difference as compared to my last year premium. When ask the insurance company, knn always same old excuses. Got many PPLE CLAIMS, no choice, up the premium for all drivers. Whats that got to do with drivers like us who never even do any claims at all? Seriously, is our very efficient watchguard, CASE or whatever doing anything to prevent overclaiming by drivers who involved in accidents..... All sleeping on the job! Hi, Dun bother to depend on CASE (it will NEVER work) My advice is that you start hunting/calling all available insurance companies to ask for quote. Try O.A.C, EQ Insurance or Tokio Marine, these companies gave me a better quote (low excess and low premium) compared to the bod boys (N**C) I advocate that insurance companies should look at driver's past history (claim or no claim) instead of overall profitability. People whom has not claim anything for the past years should not be penalised. Anyway, I have just renew with Tokio Marine about $ 650 (50% + 5%) for a 3 yrs old saloon car with 0 excess (Outdoor sales vocation) Happy searching. Cheers. Link to post Share on other sites More sharing options...
TangoElite 6th Gear December 3, 2009 Share December 3, 2009 actually every year the car depreciates, the insured value of the car is getting lesser and lesser signficantly, car depreciation is easily at least $5k per year .. also with every year that passes, the driver will have more experience and also age goes higher, so premium should really drop naturally i really dont know why must increase premium at all, even maintain premium also should be unlikely..... if they say more accidents and more people claim, then those people who claimed will have no more NCD and higher premium, they should earn back from that pool instead and not those innocent guys .... Link to post Share on other sites More sharing options...
inlinesix Supersonic December 3, 2009 Share December 3, 2009 I have mentioned b4 that as of June 2009, the whole industry motor business is making loss. Therefore, increase in premiium is foreseeable. The only way for it to go down is reduction in claims. Our local mkt is so small, however, there are so many insurance co around. Therefore, there is no economy of scales to make $ unless there is reduction in claims. On the other hand, when compare quote, make sure the terms & conditions is the same. Link to post Share on other sites More sharing options...
Takumi21 2nd Gear December 3, 2009 Share December 3, 2009 hmm.. 1 yr can only chop you once... of course they chop bah! Link to post Share on other sites More sharing options...
Dc5r Neutral Newbie December 3, 2009 Share December 3, 2009 LL still have to buy... Not much diff as last year consider lucky... There are some i heard after additional 10% NCD... premium is higher than previous year. It all depends on what car you drive... Link to post Share on other sites More sharing options...
Vikinkwok Neutral Newbie December 3, 2009 Share December 3, 2009 Just wondering which other company provides installment plans? Thanks. Link to post Share on other sites More sharing options...
So_nice 6th Gear December 3, 2009 Share December 3, 2009 LL still have to buy... Not much diff as last year consider lucky... There are some i heard after additional 10% NCD... premium is higher than previous year. It all depends on what car you drive... me lah. here is wat happened: 1st yr wif ntuc 0% ncd: 1.1k 2nd yr wif ntuc 10% ncd: 1.3k 3rd yr wif ntuc 20% ncd: 1.3k zzzzzzzzz anyway i said bye bye to them already. now wif axa, 950 Link to post Share on other sites More sharing options...
So_nice 6th Gear December 3, 2009 Share December 3, 2009 u can make use of credit cards. Link to post Share on other sites More sharing options...
Strat 6th Gear December 3, 2009 Share December 3, 2009 why are the insurance so ex? 1 reason - because the the cars here in sg are expensive. Link to post Share on other sites More sharing options...
Dc5r Neutral Newbie December 3, 2009 Share December 3, 2009 Just wondering which other company provides installment plans? Thanks. can look for www.sgcarinsurer.com. Got from them and they help me save quite a fair bit. Think they got a few installment plan but need credit card. Link to post Share on other sites More sharing options...
Suv8 1st Gear December 3, 2009 Share December 3, 2009 I've posted it on here before but just for info: In S'pore 3 year old Altis Corolla 1.6l auto S$880 pa. In UK 3 year old Corolla 1.4l manual S$200 pa Both insurances with the standard excess. Something wrong somewhere. I am gonna try the suggestion of Tokio Marine next year. er, have you tot how much a 3-year old Corolla costs in UK vs a 3 year old Corolla costs in Singapore? so, not really apple to apple. cars are so much cheaper overeseas yet their premiums are more expensive than here. I read that injury claims payout there are 10 times higher than Singapore's, hence, even more expensice premiums... My premium increased by 20% though I had 50% NCD...sigh. Fact of life, costs of living in Spore is high- electricity, ERP, road-tax, parking, school bus transport, public transport, property prices, tell me something which has gone done. Link to post Share on other sites More sharing options...
Nismoblack76 Neutral Newbie December 3, 2009 Share December 3, 2009 Just wondering which other company provides installment plans? Thanks. bro if got lobang in that do pm me aite thanks cheers Link to post Share on other sites More sharing options...
Jasonlim8213 Neutral Newbie December 3, 2009 Share December 3, 2009 find a insurance broker to do all the finding for u la. if u guys need please let me know can intro one good broker to u. Link to post Share on other sites More sharing options...
BoneStock 5th Gear December 4, 2009 Share December 4, 2009 just renewed mine with hsbc. $660 50% NCD...try getting a quote from them Link to post Share on other sites More sharing options...
Apvman 2nd Gear December 4, 2009 Author Share December 4, 2009 just renewed mine with hsbc. $660 50% NCD...try getting a quote from them didnt know hsbc is into car insurance nowadays. Next time then try liao.. tooo late for me Link to post Share on other sites More sharing options...
Kb27 Supersonic December 4, 2009 Share December 4, 2009 I don't care about insurance company loyalty. The cheapest premium I get, I jump over. In spite of rising insurance premium, I managed to pay slightly lower each year: 2004 - AIG $950 2005 - AIG $850 10% ncd 2006 - AXA $800 20% ncd 2007 - RSA $600 30% ncd 2008 - MSIG $700 40% ncd 2009 - RSA/Marsh $600 50% ncd Link to post Share on other sites More sharing options...
Apvman 2nd Gear December 4, 2009 Author Share December 4, 2009 I don't care about insurance company loyalty. The cheapest premium I get, I jump over. In spite of rising insurance premium, I managed to pay slightly lower each year: 2004 - AIG $950 2005 - AIG $850 10% ncd 2006 - AXA $800 20% ncd 2007 - RSA $600 30% ncd 2008 - MSIG $700 40% ncd 2009 - RSA/Marsh $600 50% ncd Gd to you... my insurance keeps increasing every year... so every year headache for me... KNN. Now heckcare. Go for the cheapest ↡ Advertisement Link to post Share on other sites More sharing options...
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