[General] Insurance!!

[Replay]

So its easy to cancel if anything happens, or to enquire about extending and it's package prices.

i'll just google it when i need it..

[ylsonny]

OMG!

another problem arise. the bike shop uncle said that want to get the bike can, wan to pay buy installment can. but the ownership must be the uncle.. it's like WTH.... anyone met with this situation before ?

[jB]

uncle as in bike shop uncle? you got your licence yet dude? if you have the ownership is yours if you make a purchase regardless installment or not..unless you fail to make installment they will tow it backk to shop. if you haven't gotten yr licence, don't waste time, go get it!

[ylsonny]

uncle as in bike shop uncle? you got your licence yet dude? if you have the ownership is yours if you make a purchase regardless installment or not..unless you fail to make installment they will tow it backk to shop. if you haven't gotten yr licence, don't waste time, go get it!

passed already, read my 1st post.
yeah, shop uncle.
what i'm trying to say is, pay by installment.
but ownership must put the bike shop uncle's name..
ridiculous?

[ylsonny]

uncle as in bike shop uncle? you got your licence yet dude? if you have the ownership is yours if you make a purchase regardless installment or not..unless you fail to make installment they will tow it backk to shop. if you haven't gotten yr licence, don't waste time, go get it!

passed already, read my 1st post.
yeah, shop uncle.
what i'm trying to say is, pay by installment.
but ownership must put the bike shop uncle's name..
ridiculous?

[|a|eX|]

i just renew my insurance $178 (ntuc less 20% NCD 5% other discount)... how much u guys pay ?

[queirtus]

i just renew my insurance $178 (ntuc less 20% NCD 5% other discount)... how much u guys pay ?

wats ur age? wonder mine how much sia, renewal in march, about 6 more months to go

[|a|eX|]

i'm 22 this year.

[@h_püi™]

i just renew my insurance $178 (ntuc less 20% NCD 5% other discount)... how much u guys pay ?

ntuc less 20%? how come? that was cheap man or are you have your life insurance with ntuc also ?

[fantom]

if u stay 3 yrs with ntuc with no claims, u r entitled 20% ncd, plus 5% loyalty. n if u buy diectly, another 5%. total 30% less.

[josephsbs]

hi guys
someone pls feedback on this "money saving" suggestion whether it can work or not

case:
young chap buy bike as owner, insurance very expensive ... lets say $1200
if get dad to buy bike, ah pek with experience pay lower premium mah ... lets say $600
then dad add son as sub-rider... will sub-rider premium be <$600?

if much less, good deal coz both dad-n-son can ride the bike... both are covered
any difference in coverage for main & sub-rider?

if this method can work... then many young riders can benefit also

[binkaz]

hi guys
someone pls feedback on this "money saving" suggestion whether it can work or not

case:
young chap buy bike as owner, insurance very expensive ... lets say $1200
if get dad to buy bike, ah pek with experience pay lower premium mah ... lets say $600
then dad add son as sub-rider... will sub-rider premium be <$600?

if much less, good deal coz both dad-n-son can ride the bike... both are covered
any difference in coverage for main & sub-rider?

if this method can work... then many young riders can benefit also

this loop hole has long been covered up.. now the insurance premium takes the age of the youngest rider, so no difference..

[josephsbs]

thanks... i learn something new again today
everyday is a learning experience

[|a|eX|]

hi guys
someone pls feedback on this "money saving" suggestion whether it can work or not

case:
young chap buy bike as owner, insurance very expensive ... lets say $1200
if get dad to buy bike, ah pek with experience pay lower premium mah ... lets say $600
then dad add son as sub-rider... will sub-rider premium be <$600?

if much less, good deal coz both dad-n-son can ride the bike... both are covered
any difference in coverage for main & sub-rider?

if this method can work... then many young riders can benefit also

the bike that i am riding now is under my uncle's name. thats why its so cheap. haha.

[josephsbs]

the bike that i am riding now is under my uncle's name. thats why its so cheap. haha.

huh? does it mean this "money saving scheme" still can work?

[allankoh11]

this loop hole has long been covered up.. now the insurance premium takes the age of the youngest rider, so no difference..

Yap.... so find 60 years old uncle also no use.... take the younger 1 age

[|a|eX|]

the money saving scheme worked when i started riding 3 yrs back. now it dun work.. haha

[jeffrey83]

i was with Mitsui in 2005- 2007... was riding sp... costs me $297.

this june just changed motor to cbr400... took Ntuc ...$329....

when i check with Ntuc...they gave me a quotation of $297......coz i changing to Phatom 200.... i am 24 this year..

called up AXA to ask, they say basic is $250..... with gst is $267.50... coz my one is new case, as i am getting a new policy with them..

can u guys advise me?

my Ntuc current one not even 1 year wor.. so dun think can enjoy any rebates...

but long term lei?..

kindda support Ntuc lei..

Advices?

[slutgarden]

try to survery around, ask different companies might give different qoutes.

different staffs from the same company might give different qoutes too.

i got mine 2nd party for $886. kinda cheap i guess which was around 4 months ago by NTUC.


most prob i ride a phantom, and my dad/sis/mom is her client. heh heh.

got the whole family covered up by the same staff..

well anyways, another qoute i got from NTUC as well for 2nd party = $1k++

if you want cheap cheap, wait till 21. by then, you can take your 2a, class 2, and insurance will be cheaper, if you buy a 2b bike. no pplates too!.

[zoom13]

Manage to dig up this thread.

Other than pricing for FV Ta200, wld like to check the procedure to get the insurance cert done up. Which company cheapest and easier to settle for 3rd Party Fire & Theft?

I am 27 this yr and passed my 2b in 2003.

[gwzc_mk2]

Manage to dig up this thread.

Other than pricing for FV Ta200, wld like to check the procedure to get the insurance cert done up. Which company cheapest and easier to settle for 3rd Party Fire & Theft?

I am 27 this yr and passed my 2b in 2003.

i got quote from AXA for FX plate TA200 for $270 2nd party. Bike shop quote me $300 for same thing. 28 this yr with 1 yr riding exp. hope this helps

[zoom13]

Thanks.....

[gysmily]

Check NTUC. Price might be lesser but you'll have to go there directly. There's one in Jurong East.

[TheYasMan]

Did a check yesterday after i finally collected my newest insurance cert.
Prices for someone like me on 3rd party (bearing in mind the price hikes in 2007 for young riders):

AXA (my current one) - $288 + $20 (GST) = $308.
Mitsui - $920 without GST.

[zoom13]

TheYasMan, does it include fire and theft or just third party only?

Where to get AXA ah?

[Replay]

miitsui is freaking expensive sia!!!

[zoom13]

staying at sembawang...can i check where is the nearest NTUC or AXA available for me to do up the insurance cert?

Thanks.

[Replay]

google it..

[zoom13]

err...thanks..

[queirtus]

Did a check yesterday after i finally collected my newest insurance cert.
Prices for someone like me on 3rd party (bearing in mind the price hikes in 2007 for young riders):

AXA (my current one) - $288 + $20 (GST) = $308.
Mitsui - $920 without GST.

wow yas ure making me think of changing to AXA sia....

[queirtus]

just got a online quote from NTUC


Thank You for your enquiry. Our motor quotation is Premium * S$167

how come so cheap sia?

anyone think the online quote reliable?

[gysmily]

just got a online quote from NTUC


Thank You for your enquiry. Our motor quotation is Premium * S$167

how come so cheap sia?

anyone think the online quote reliable?

I believe it is. I've been using NTUC for as long as i can remember. Did insurance job before and NTUC seem to be the lowest of all the about 30 insurance company in singapore.
But in the event if you need to make any claims, you must go to their Authorised worshop unless its a 3rd party claims.
Another thing is that, you'll will have to go direct to their branch for better pricing.
AIG and AXA they are one of the most expensive insurance premium but claimming very easy no hassle.
So my advice is, if youre buying 3rd party insurance then best to use NTUC. Make no much different in claimming term and agreement.

[TheYasMan]

For your age, NTUC that cheap? I really doubt it.
The pricings are somewhat along the line of Mitsui's, so long as i know.. At least for 2006-2007.

[gysmily]

For your age, NTUC that cheap? I really doubt it.
The pricings are somewhat along the line of Mitsui's, so long as i know.
But i understand AXA and some companies dont insure new or <20 year old riders.

Not sure about Mitsui's. True, age and what you do play a factor. To those who required renewal check it out first and compare, wont burn your finger.
Another thing about NTUC the price is always lesser when you go to their branch directly.

Good luck.....and may the force be with you....

[zoom13]

hmm...i got an online quote from NTUC yday also...
it was 288 based on 20% NCD and 30+ yrs old, which both I am not eligible..so be prepared to pay higher..

prob head down to the AMK branch to get it sorted out...

i rem i paid 500+ 4 yrs ago when i just passed and bought my first phantom...

[queirtus]

For your age, NTUC that cheap? I really doubt it.
The pricings are somewhat along the line of Mitsui's, so long as i know.. At least for 2006-2007.

yas, u know my age wat u and me almost same age.

and besides maybe its coz of the 2 years riding experience thingy?

[queirtus]

uhm guys does bike plate plays a part too? maybe thats why cheap?

coz mine is FR plate, next year gonna mati liao =(

[fantom]

just got a online quote from NTUC


Thank You for your enquiry. Our motor quotation is Premium * S$167

how come so cheap sia?

anyone think the online quote reliable?

ask for the quotation on the phone better. the online quoted me more.

[Joncfk]

i'm riding TA200 FV plate
24 yrs old

axa $267
ntuc $541
misu $881

[TheYasMan]

yas, u know my age wat u and me almost same age.

and besides maybe its coz of the 2 years riding experience thingy?

uhm guys does bike plate plays a part too? maybe thats why cheap?

coz mine is FR plate, next year gonna mati liao =(

2 years riding experience plays little or no effect, to have caused such a low quotation. Did you say your age clearly? It's pretty crazy to pay -that- little for our age bro.

Maybe your old bike's age got to do with it, yeah. Never considered it.
I dont know.

i'm riding TA200 FV plate
24 yrs old

axa $267
ntuc $541
misu $881

Exactly how i thought the graph chart stands as of 2006 till now.

[zoom13]

so strange..called all the number of the respective companies and they refer me to the same broker or agent...

anyway NTUC quote 400 for TPFT...364 for AXA... wondering if there is a need to get fire and theft coverage or just third party will do...

i dun intend to go JB la..just concerned abt those pple burning my bike at HDB flats...haha...

[Metalfyre]

I realised my insurance is the cheapest.

[Replay]

SHARE IT WITH US!!

[jB]

I realised my insurance is the cheapest.

for which bike of yours?

[Metalfyre]

phantom lor...$108 3rd party

i think even my r6 insurance is cheaper than some ppl here..TPFT at $683

[queirtus]

phantom lor...$108 3rd party

i think even my r6 insurance is cheaper than some ppl here..TPFT at $683

coz u old man mah

[zoom13]

wan to check with u guys..

for AXA, when u selling yr bike and stop riding, will they return you a portion of the remaining premium not utlisied?

i know NTUC will refund 85% of the remainder...

[Replay]

call and ask lor.. usually they will charge you admin fee, unless u signing up for another premium..

[jB]

phantom lor...$108 3rd party

i think even my r6 insurance is cheaper than some ppl here..TPFT at $683

grrrr... %&&%$^#*&%&^!?!?! I wanna change my mitsui to alliance already..Wonder how do I go about it took the number from Gohkm and will they help me terminate my mitsui insurance and stuff? hmm..

[zoom13]

ok..thot u guys might know...
will call tmr..