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Which insurance is the cheapest and is more detail?


Lamemonster
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your current insurer should be able to provide you the extension.

if not, for new business, other insurers generally dont do short period coverage, but depends on the reason. outright, as you mentioned, most likely budget insurers and NTUC will allow.

 

other than tally your road tax or expiry of COE, other reasons to consider for short term coverage is your NCD. If you do not yet have 50%, to gain the next 10%, you need one year coverage.

 

Hope this helps. PM if you need more

Thanks for the reply.

 

It's not for extension but for a short term drive I got. Have gone with DA which is the cheapest..."AuntyYouSee" came close though.

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One will appreciate and understand why paying slight premium to be insured with a reputable insurance company is worth it. Especially for those who have gone through the insurance claiming process and witness the repair work done on their car by their panel of workshops. Everything translate to dollar and cents. Cheaper preimum usually comes with limited support and crapy repair job by unprofessional workshop. This is something a person needs to understand if saving 20% premium compare a reputatble insurer is worth it for your car that you spent hundred of thousands to own it.

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One will appreciate and understand why paying slight premium to be insured with a reputable insurance company is worth it. Especially for those who have gone through the insurance claiming process and witness the repair work done on their car by their panel of workshops. Everything translate to dollar and cents. Cheaper preimum usually comes with limited support and crapy repair job by unprofessional workshop. This is something a person needs to understand if saving 20% premium compare a reputatble insurer is worth it for your car that you spent hundred of thousands to own it.

Do you have any experience to share?

 

My ride still within 5 years warranty by AD thus I decided to go ahead with what they tied up with. Fwd was cheaper but somehow i find their list of workshops limited

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Well, I had gone through hell in an accident claim that took 8 months to resolve with lousy repair work done by an unprofessional workshop under their listed workshop. I drive an Audi and it is quite a complicated car to repair with all the electronics parts and sensors. The repair workshop do not have a proper tools to repair and end up my car having all sorts of teething issues that they cannot resolve. Had to send to specialist shop to get it fix myself. In the end, my savings of almost $400 a year in premium with this online insurer compared to other reputable insurer brings me endless agony and more spending out of my own pocket. Totally not worth it at all. 

 

From this experience, I learnt to be more careful with choosing a more reputable insurer for my car, especially if a Conti car. If you own a conti car, personally I find AXA is quite competitive in their premiums and their service is good. One key benefit for Audi & VW owners is AXA offer repair by specialist workshop instead of just any Tom, Dick or Harry workshop that repair all cars in general. I find this is a good marketing move by AXA in recognizing the need for specialized workshop to target this pool of customer who prefers their car to be repaired by a specialist. Afterall, we are paying higher insurance premium for Conti cars so it make sense for our cars to be repair by a specialist isn't it?

 

Insurer by AD (due to warranty) is safe in term of workmanship since they are the agent.  But do look out for the high claim amount they will claim from repairing your car. The insurer will bite you back when it is time to renew your premium next year. 

  

 

 

Do you have any experience to share?

My ride still within 5 years warranty by AD thus I decided to go ahead with what they tied up with. Fwd was cheaper but somehow i find their list of workshops limited

 

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Well, I had gone through hell in an accident claim that took 8 months to resolve with lousy repair work done by an unprofessional workshop under their listed workshop. I drive an Audi and it is quite a complicated car to repair with all the electronics parts and sensors. The repair workshop do not have a proper tools to repair and end up my car having all sorts of teething issues that they cannot resolve. Had to send to specialist shop to get it fix myself. In the end, my savings of almost $400 a year in premium with this online insurer compared to other reputable insurer brings me endless agony and more spending out of my own pocket. Totally not worth it at all. 

 

From this experience, I learnt to be more careful with choosing a more reputable insurer for my car, especially if a Conti car. If you own a conti car, personally I find AXA is quite competitive in their premiums and their service is good. One key benefit for Audi & VW owners is AXA offer repair by specialist workshop instead of just any Tom, Dick or Harry workshop that repair all cars in general. I find this is a good marketing move by AXA in recognizing the need for specialized workshop to target this pool of customer who prefers their car to be repaired by a specialist. Afterall, we are paying higher insurance premium for Conti cars so it make sense for our cars to be repair by a specialist isn't it?

 

Insurer by AD (due to warranty) is safe in term of workmanship since they are the agent.  But do look out for the high claim amount they will claim from repairing your car. The insurer will bite you back when it is time to renew your premium next year. 

 

Did your previous insurer have a "my own workshop" option ? 

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Did your previous insurer have a "my own workshop" option ?

Nope, in fact most insurers do not have. So far I only know AXA & Tokio Marine provide this option for Audi & VW owners. Not sure about other brands. Edited by Savvydriver
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Nope, in fact most insurers do not have. So far I only know AXA & Tokio Marine provide this option for Audi & VW owners. Not sure about other brands.

 

AIG, DirectAsia, Liberty all provide that option - but have either higher excess or higher premum... Not just AXA and TM..

 

Also, I've had my fair share of problems with the more "premium" insurance companies as well. It's not so much the companies as much as it is the reporting centres that they appoint.

 

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AIG, DirectAsia, Liberty all provide that option - but have either higher excess or higher premum... Not just AXA and TM..

 

Also, I've had my fair share of problems with the more "premium" insurance companies as well. It's not so much the companies as much as it is the reporting centres that they appoint.

 

Yes, “own workshop” option means you have to pay higher premium and excess. But if you choose to go to their panel of authorised workshop, you do not have to pay the premium.

 

For most insurers, their panel workshop are general repair shop that serve all makes and models. For AXA & TM, VAG Singapore (specialised in Audi & VW) is under their panel workshop that aim to serve Audi & VW owners like me (I was told and was sold immediately). So no additional premium or excess. As the matter of fact, the premium was cheaper than MSIG that I was with previously.

 

That’s the difference between “own workshop” option and “panel workshop” option. Problem is, I only see this scheme for Audi & VW owners, hope they will look into getting more specialised workshop for other makes in their panel to benefit other more popular Conti car (Beemers & Merc) owners as well.

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Time to reknew car insurance.

 

With AIGfrom KIA.

They have a low mileage discount.

 

NTUC have a low mileage discount also but if I read things correctly you have to have some sort of gadget installed in your car to check low mileage.  Anyone had this gadget installed???  If so any comment?

 

Decided to go with AIG.

 

With full NCD, OPC discount etc etc the missus paid S$560 iirc for comprehensive,

 

Edited by Neutrino
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One will appreciate and understand why paying slight premium to be insured with a reputable insurance company is worth it. Especially for those who have gone through the insurance claiming process and witness the repair work done on their car by their panel of workshops. Everything translate to dollar and cents. Cheaper preimum usually comes with limited support and crapy repair job by unprofessional workshop. This is something a person needs to understand if saving 20% premium compare a reputatble insurer is worth it for your car that you spent hundred of thousands to own it.

If one is worrying about the repair work qualty, even if it is the cheapest insurance company, one can still choose to add on to select our own prefer workshop
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AIG, DirectAsia, Liberty all provide that option - but have either higher excess or higher premum... Not just AXA and TM..

 

Also, I've had my fair share of problems with the more "premium" insurance companies as well. It's not so much the companies as much as it is the reporting centres that they appoint.

 

I have been using this option on DirectAsia, Budget and HLassurance before. It is just less than $200 extra. Still cheaper than those premium one Edited by Lotr8445r
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which insurance is the cheapest for newbie with no NCD? 30+ driver

if you are open to it, can try MSIG Umax plan. It is based on driver behaviour. I think this plan could be suitable for a new but mature driver.

PM me if you want to know more.

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if you are open to it, can try MSIG Umax plan. It is based on driver behaviour. I think this plan could be suitable for a new but mature driver.

PM me if you want to know more.

 

Insurance agent huh?

:XD:

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Insurance agent huh?

:XD:

yeah. but in all honesty, dont really know the full effect of these usage / behavioural based plans.

One concern I had was if I took up the plan, and since it doesn't use NCD, will I still accrue NCD along the years.

So apparently it does.

Also one thing to note about the MSIG Umax plan, it is based on driver behaviour as opposed to drive usage. eg, how hard you accelerate, brake or go into corners vs how far your drive.

Just some points to take note off when considering these type of plans.

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yeah. but in all honesty, dont really know the full effect of these usage / behavioural based plans.

One concern I had was if I took up the plan, and since it doesn't use NCD, will I still accrue NCD along the years.

So apparently it does.

Also one thing to note about the MSIG Umax plan, it is based on driver behaviour as opposed to drive usage. eg, how hard you accelerate, brake or go into corners vs how far your drive.

Just some points to take note off when considering these type of plans.

 

MSIG will install a telematic device in your car hor.

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