Insurance matter~ Very urgent~ Help needed

[toshiorone]

Hi brothers and sisters. I have a BBIIGG problem now about my insurance.

 

I have bought an insurance from NTUC and my premium for a year is $3461(this HUGE amount because I have claims made on previous bike and

was only 19years old). I have opted for installments (that point of time i

really can't wait to ride S4). So I paid 270+/month. After 5 months cannot

tahan already pay that kind of amount. As if I am paying for car. Bike

installment + insurance installment = brand new car. So I have yet to pay for

my insurance until it was being revoked. Now.... I dont have any insurance.

Arghh................. STRESSSSS

 

 

But now, the accident claims which I had on previous bike had been settled n

CASE CLOSED for all. I still don't know what is my current premium

now. Obviously I cant buy from NTUC anymore.

Anyone know any insurer? Those realllllyyy affordable ones for me to get?

I am 20 yrs old now. Riding CB400.

 

Thanks for spending ur time reading my post n thanks in advance for wanting

to help..

[darky]

if you cannot afford, then sell away. most insurance company are interlinked anyway.

[fufu]

i would advise u dun ride anymore since ur premium so high and cannot afford it. period

[binkaz]

you should sell off your bike and take BMW.. after for 2-3 years, let your insurance premium come down first then start riding again.. everyone pays for their mistakes.. and yes, all the insurance company are linked, they would check with your previous insurance company for claims... some insurance company would not even wanna insure you..

[MiCmAsTa]

You open a link in Chatterbox just to let everyone to come in here to flame you?

 

If you cannot afford then do ride. Take Public. You will get $0.40 rebate if you transfer bus.

[biting_point]

indeed a HUGE amount.. your insurance premium is easily over 1000% of some of the bro and sis here..

 

you should really try to BMW for a few years..

[ghost04]

tats very high...as good as a cl 2 bike wit spare..

[biting_point]

tats very high...as good as a cl 2 bike wit spare..

 

a CL2 insurance is also not that ex.. for a high end sports car like GTR maybe..

 

with that amount, i can buy a almost COE Spec1 with spare..

[phill]

i working in motor claims..

 

yes their suggestion is right.

 

u change other company . the loading and NCD status will be shared.

if u cant afford now then change ur lifestyle. i guess u dun need your bike for a living right?

[PaLmEr]

$3461? That amount can feed my comprehensive policy for my Spec III for almost 7 years.

[chlim]

ya lo..tat amount can lasts mine 3rd party for 24yrs.... :angel:

[ShnHwA-]

indeed a HUGE amount.. your insurance premium is easily over 1000% of some of the bro and sis here..

 

you should really try to BMW for a few years..

 

way over..mine they r loading mi 75% & it coast abt 1300+ obviously i didn't take it..coz it's too ex..furthermore it's 3rd party fire & theft..i chose to change company & get a 3rd party instead..juz tahan a yr or so..coz after my claim incident is close i'll get back my NCD

 

for his case, i think he ramped into 10 ferrari at the back

[toshiorone]

Thanks for the replies and advices guys. I'm not asking u guys to flame me MICMASTA, I just wanna share n accept any advice. =) Thanks. Btw, my claims are all settled. So the premium should be cheaper now right? Im only wondering if there's anyone out there that have the same problem as me and have solved their problem. As in, what insurance company offer the lowest premium. AIA? AXA? Etc, etc...

 

 

Thanks.

[BlackDawn]

Insurance loading typically lasts 3 years. You will be subject to higher premium for this period of time even after the claims are settled because you have a history of claims, no longer a clean slate.

 

Do you have insurance NOW? since you mentioned NTUC cancelled your insurance?

If you don't you'd better not ride your bike. You will in real serious trouble if you do.

 

NTUC is the only company that offers installments, you'll have to prepare a lump sum for your new insurance. Your history of not paying your insurance installments might be shared within the industry, so take note of this.

[toshiorone]

no no. i didnt ramped any cars. I was whacked instead. But there's some %% of wateva bullshit they told me that was loaded bcoz the other party wanted to DIE DIE claim also and therefore no NCD for me. All accidents are police case n I was not at fault for all three accidents. So as for now, current, I think i have back my NCD coz the cases are all closed.

[toshiorone]

OMG.. Three years? TSK TSK TSK.... No hope for me then...

[biting_point]

if you are wacked by other cars or bikes, you should be the one claiming?? and you would not lose your NCD...

dun really understand your situation..

[elf]

if you are wacked by other cars or bikes, you should be the one claiming?? and you would not lose your NCD...

dun really understand your situation..

 

thats why ...

its like i trash your bike and i claim against you ...

[kmax]

no no. i didnt ramped any cars. I was whacked instead. But there's some %% of wateva bullshit they told me that was loaded bcoz the other party wanted to DIE DIE claim also and therefore no NCD for me. All accidents are police case n I was not at fault for all three accidents. So as for now, current, I think i have back my NCD coz the cases are all closed.

 

wow..... ride safe bro.. (if u r still riding)

[MUSHA]

3 accidents and u got whacked by the other parties for the 3 times? There must be a reason why the premium for u is so rocket sky high sia...

 

Isn't it an offense to ride w/o insurance?

[gwzc_mk2]

how come u kanna whacked by other vehicle yet u got claimed instead ar?

isnt it the other way round? and since u say its police case somemore.

[vtec power]

yr insurance price is realli shocking. I dunnoe hw 2 help u. I guess onli vitamin M can do it

[ghost04]

a CL2 insurance is also not that ex.. for a high end sports car like GTR maybe..

 

with that amount, i can buy a almost COE Spec1 with spare..

 

my insurance now is ard 1.5k for a 1000cc sports...

lucky next year will drop to 1k+..

[syarif]

ohh dude. im of the same age as you. still 20 riding cl2a s4. and my insurance is ady 800plus for 3rd party. well, wait till 21 and the price will drop i guess?

[apitBIOL]

3 accidents..no wonder..haha..