Insurance Renewal...Excess considerations...

[Ixat]

Hi guys,

 

Insurance due for renewal next month.

 

Received 2 quotes which I would like to use for advise

 

AIG with $20k PA

Premium - $1900

Excess - $2500

- Authorised workshop only

- Car lesser than 3 yrs old can go back Agent.

 

NTUC with $50k PA

Premium - $1500

Excess - $0

- Authorised workshop via Tender

- Car lesser within warranty can go back to Agent but with T&C

 

Any rules, T&C that is pegged to AIG when going back to Agent?

 

Read that it may be more of a hassle to claim with with NTUC. But this hassle will only be experienced when I claim against myself only right? All other scenarios is between me and 3rd party's ins coy or 3rd party with my ins coy ?

 

If i am ready to put up with the hassle, the significant difference in excess is enough to justify to go with NTUC?

 

Thanks for advising!

[Try_conti]

Premium - $1900

Excess - $2500 ?

 

what's ur ride , bro ? Seems quite high on the excess.

[Ixat]

Getz 1.6M 3DR

 

Think its due to age. 22 and driving exp 4yrs.

 

[Try_conti]

piang, looks like AIG cut-throat man.

 

Can try AXA & China Insurance ?

[Galantspeedz]

AXA also slightly high.

 

i be taking china insurance. To the threadstarter, let me know if you wan his contact

[Ixat]

Yes bro please. Would like the contact so I can get more quotes.

 

Any issues with China insurance claims and going back to agent?

 

I have "heard" all this smaller insurance company offer low premium but when want to claim its almost next to impossible.

 

Just want to verify from someone who is actually using them.

 

Cheers

[Ixat]

Bro AXA u got contact?

 

When i received the current quotes at 1500 and 1900 very happy liaoz.

 

Presently paying $2550 for 1st yr from HSBC! and expecting renewal to be at the very most 10% cheaper of $2550. Got extra money that is put away for insurance to do something else now.

Edited December 11, 2006 by Ixat

[Hiphiphoray]

Why dont u ask Guyer or quotation. I just renewal via him recently. Age: 32, Lancer 1.6, $979/- nia. Through India Insurance. when i approach II direct, its a less attractive quote.

 

I think age doesnt matters a lot in insurance........1.9k is kinda high.

[Nutty]

AS usual, for insurance matters, contact fellow forummers GUYVER and see how he can help.

 

I'm one of his satisfied customers.

[Ixat]

Yes! Filled up the online quotation form from Guyver. Waiting for quotes now.

 

So as with the smaller coys...no prob with claiming, agent, etc? A little concern cuz my car is 1yr old only.

 

Cheers

[Ixat]

I think age is the main consideration apparently.

 

Think 26 and under...they charge exorbitantly and never in 3 digits premoum! And 27 onwards can start seeing 3 digits premiums! Saw it for the 2 cases of my gf's bros haha

[Galantspeedz]

Yes bro please. Would like the contact so I can get more quotes.

 

Any issues with China insurance claims and going back to agent?

 

I have "heard" all this smaller insurance company offer low premium but when want to claim its almost next to impossible.

 

Just want to verify from someone who is actually using them.

 

Cheers

 

was with asia insurance b4. not much diffculty when claim just takes very long

but no hassle so far. pmed you

[Nutty]

It doesn't mean smaller company harder to claim.

 

Just ask Aunty Lucy...

[Dneokh]

Contact Guyver.

[Dafansu]

my upcoming renewal in jan still undecided which one to go for

 

Toyota Vios

20% ncd upcoming

28 years old

pass driving in 1998

 

AIG quote: $1370 (before $100 rebate by my agent)

AXA quote: $970

[Ixat]

Can try to squeeze for more rebate.

[Endless_summer]

[Ixat]

One more quote from Liberty

 

Premium $1700

Excess $500

 

Allowed to go back Agent workshop within warranty period....