Please help with insurence!

[Mllcg]

yes it is 16k with 4k excess. anyway, for a 19 yrs old wanted to drive WRX, he don't have much choice.

 

This 16k can be used to pay for my car insurance for the next 20 years

 

is it possible for him to have a higher excess and lower premium? 16k? can cover half my car loan already. or the road tax for the rest of the car's life with the extras for season parking until scrap.

 

he can only be 2nd driver.

[Mahjong74]

is it possible for him to have a higher excess and lower premium? 16k? can cover half my car loan already. or the road tax for the rest of the car's life with the extras for season parking until scrap.

 

he can only be 2nd driver.

 

Actually I am still drinking kopi with my insurance friend.

 

According to his experience for quotations that he has done,

 

for main driver age between 19 to 21 yrs old who wanted to buy WRX,

 

the insurance range from 13k to 16k with excess about 3 to 5k.

 

According to him, most probably NOT more than 3 insurance companies are

 

willing to take in this kind of business.

[Elfenstar]

19yr old boy boy,

 

please check the passenger seats, may have lots of 'other juices'... keep your pampers on too! buy evo, likely all carmat are wet too. good luck to your 2nd hand buy..

 

cheers for the juices left behind ..

 

He's the 19yr old not the previous owner... the juices apply only if the previous owner was young too

[Mllcg]

Actually I am still drinking kopi with my insurance friend.

 

According to his experience for quotations that he has done,

 

for main driver age between 19 to 21 yrs old who wanted to buy WRX,

 

the insurance range from 13k to 16k with excess about 3 to 5k.

 

According to him, most probably NOT more than 3 insurance companies are

 

willing to take in this kind of business.

 

btw, is his quote for 3rd party or comprehensive?

[Mahjong74]

comprehensive

[Mllcg]

comprehensive

 

ok la. if 16k for 3rd party. lols

 

anyway, u got to assume the TS is a p plater.

 

so how much is the 3rd party assuming comprehensive is 16k?

[Mahjong74]

Well, my friend also no idea cos he has never quoted 3rd party before

for WRX.

 

Anyway, my friend informed that it's not recommended for 3rd party

 

for WRX and also not sure whether any insurance company willing to take in 3rd party insurance

 

coverage for main driver 19yrs old driving WRX.

[Expertz]

he can only be 2nd driver.

 

some insurance companies only allow 2nd driver to be 25years and above or no p plate

i'm not sure if its legal for him to purchase under parent's name and drive, it might still be illegal because the insurance doesn't cover him so technically he's still driving without valid insurance

[Whathefish]

16k? I think is it cheaper for u to sell back the car

[Ichibawa]

19 years old and a powerful car.... does it mean our premium is going to be more expensive?

 

And TS couldn't even spell insurance right.... doh!!

[Fresh]

lol... oh great. keep us informed of whether you can get insurance, how much it is, or you have to ask your daddy or mummy to use their name, and how long your ride stays on the road.

[Galantspeedz]

i have feeling he bought the car liao... then dealer tell him about insurance..... who wanna bet?

[Kerwen]

16k can redeem my loan liao haha

[Jj5599]

Car ownership can be transferred without insurance coverage?

[Wolfy3769]

This is the kind of irresponsible parenthood we see alot in Singapore...

 

19yo..so i think probably the car was pay by the parent... if pay by parent sure have the say over the type of car the 19yo going to drive... just close both eye and bought the car for the kid...

 

19yo and WRX.. is a deadly combo...i believe alot of ppl will agreed...

 

 

[Alg]

$16k to him should not be a problem since he mentioned he die die must insured himself. Must be paperworks all done. Dealer laughing all the way to bank liao................

 

Just hope he not going to kill or injured other people.

[Jj5599]

But how to get ownership transferred without insurance coverage?

 

He should have budget threshold leh, $16k for insurance per year!

[Tinwhoong]

Most insurance companies will not accept a 19 year old dirving WRX. It is considered a high risk. I had worked in insurance company and I was told by my udnerwriters that these group is considered inexperienced driver. In addition, 19 year old driving WRX will have a high tendency to speed and it will be high risk of accident.

 

A sane underwriter will reject it outright. Good luck for your search. Even if your parents buy the insurance and add you as secondary driver, it is still a high risk and it will still come with a higher premium.