Questions on Car Insurance

[Demon]

I'll transfer car to my name when I'm 30+, when the age loading lessens

 

When you change ownership, you will incur transfer fee. That money can be put to better use.

 

[paperger85]

you can get a quotation from NTUC. No more guesses!

 

 

http://www.income.com.sg/insurance/motor/

[aalphaa]

When you change ownership, you will incur transfer fee. That money can be put to better use.

 

 

Leave the car ownership and insurance at it is. Trust me, I'm tried to do the same thing but I rather not now. Different in cost is like 1k+.

 

Haha, true true true

But then gotta start somewhere right, otherwise can't accumulate the NCD

[rhema83]

I was looking at new cars recently but sort of gave up because of insurance. I'm 25, been riding since 19 (locally) and driving since 21 (in the US). I thought I was mentally prepared when I wanted to buy my own car in Singapore, but man, it was a nasty wake-up call.

 

Side story:

Since I am currently riding a literbike, I naturally looked at more powerful cars, namely Impreza 2.0 RS, Lancer EX 2.0 GT and Civic SI 2.0. (Can't afford WRX, Evolution or Type R) Big mistake. Anything less than a V8-equipped supercar is not going to give the same kind of acceleration or response of a modern sports bike. Found that out when I test drove the Impreza and pushed it to tyre-screeching limits. (But the salesgirl was very sporting and asked me to drive as hard as I wanted. Thumbs up!) The heavy Lancer EX was even more tame. Left the Civic which I'll try this weekend.

 

Back to insurance. I was quoted $3.6K for AIG insurance for the Lancer EX and the Impreza. I am expecting the Civic to be about that range. If I ask my dad to be the non-driving owner, the insurance drops to $2.6K - better but still quite bad.

 

A 40-year-old colleague of mine is driving the previous model Altis and is paying $900+ even though he has 55% NCD and no claim record!

[Demon]

Side story:

Since I am currently riding a literbike, I naturally looked at more powerful cars, namely Impreza 2.0 RS, Lancer EX 2.0 GT and Civic SI 2.0. (Can't afford WRX, Evolution or Type R) Big mistake. Anything less than a V8-equipped supercar is not going to give the same kind of acceleration or response of a modern sports bike. Found that out when I test drove the Impreza and pushed it to tyre-screeching limits. (But the salesgirl was very sporting and asked me to drive as hard as I wanted. Thumbs up!) The heavy Lancer EX was even more tame. Left the Civic which I'll try this weekend.

 

That's not a fair comparison. Even a Porsche GT3 wouldn't match the acceleration of a 600cc sports bike.

 

But why would you want a car that goes like a bomb on the street ?

 

Back to insurance. I was quoted $3.6K for AIG insurance for the Lancer EX and the Impreza. I am expecting the Civic to be about that range. If I ask my dad to be the non-driving owner, the insurance drops to $2.6K - better but still quite bad.

 

A 40-year-old colleague of mine is driving the previous model Altis and is paying $900+ even though he has 55% NCD and no claim record!

 

Unfortunately that's the market rate, and you are further penalised with loading on the premium since you are young.......and dangerous .

[GuiNNeSS]

I was looking at new cars recently but sort of gave up because of insurance. I'm 25, been riding since 19 (locally) and driving since 21 (in the US). I thought I was mentally prepared when I wanted to buy my own car in Singapore, but man, it was a nasty wake-up call.

 

Side story:

Since I am currently riding a literbike, I naturally looked at more powerful cars, namely Impreza 2.0 RS, Lancer EX 2.0 GT and Civic SI 2.0. (Can't afford WRX, Evolution or Type R) Big mistake. Anything less than a V8-equipped supercar is not going to give the same kind of acceleration or response of a modern sports bike. Found that out when I test drove the Impreza and pushed it to tyre-screeching limits. (But the salesgirl was very sporting and asked me to drive as hard as I wanted. Thumbs up!) The heavy Lancer EX was even more tame. Left the Civic which I'll try this weekend.

 

Back to insurance. I was quoted $3.6K for AIG insurance for the Lancer EX and the Impreza. I am expecting the Civic to be about that range. If I ask my dad to be the non-driving owner, the insurance drops to $2.6K - better but still quite bad.

 

A 40-year-old colleague of mine is driving the previous model Altis and is paying $900+ even though he has 55% NCD and no claim record!

 

coz the hatchback not really that gd in sales, so whack until u happy and hope u might consider. Your insurance high maybe you just convert your license? age and lately preimum high.

[rhema83]

That's not a fair comparison. Even a Porsche GT3 wouldn't match the acceleration of a 600cc sports bike.

 

But why would you want a car that goes like a bomb on the street ?

 

Unfortunately that's the market rate, and you are further penalised with loading on the premium since you are young.......and dangerous .

Ah, I realised that later (luckily not too late) so I am instead looking at bang-for-the-buck and reliability now. Maybe I'll end up with a used Lancer GLX (cheapest made-in-Japan car in town) or Civic 1.8 (very close power-to-weight ratio as the 2.0, with almost all the accessories).

coz the hatchback not really that gd in sales, so whack until u happy and hope u might consider. Your insurance high maybe you just convert your license? age and lately preimum high.

Yeah, the Impreza hatchback has quite low OMV. I think it's because of my age. I converted in 2006 and the salesgirl told me it is not affecting the premium much.

 

Update

Called NTUC Income today. Quoted for the "Classic" comprehensive plan for a 2006 Lancer GLX 1.6M. Darn, it is $4315.60! Salesgirl said it's because NTUC Income increased motor insurance by 20%-30% across the board. WTF. My K4 is also insured by NTUC. Maybe I should change when I renew...

[paperger85]

Ah, I realised that later (luckily not too late) so I am instead looking at bang-for-the-buck and reliability now. Maybe I'll end up with a used Lancer GLX (cheapest made-in-Japan car in town) or Civic 1.8 (very close power-to-weight ratio as the 2.0, with almost all the accessories).

 

Yeah, the Impreza hatchback has quite low OMV. I think it's because of my age. I converted in 2006 and the salesgirl told me it is not affecting the premium much.

 

Update

Called NTUC Income today. Quoted for the "Classic" comprehensive plan for a 2006 Lancer GLX 1.6M. Darn, it is $4315.60! Salesgirl said it's because NTUC Income increased motor insurance by 20%-30% across the board. WTF. My K4 is also insured by NTUC. Maybe I should change when I renew...

 

 

Erm...FYI, NTUC always give the wrong quote. There was once where my friend was quoted wrongly 4 times..

 

Also, its cheaper if you go to a broker. A broker can give discounts!

[gentoro]

Broker can outsource for you to your requirements eg. cheapest or best coverage or more or less excess.

 

 

rhema83: I dun think there is anymore new Lancer GLX ard liao. Last saw for new car (old model) was like last month. If happened to find left over stock, please drop us a post. The old >$40k GLX was last seen in early Feb and I think all sold out.

 

Btw, over the increment of premium, generally every insurance co had increased. I was expecting mine to increase a couple of hundreds at least - prepared myself mentally. Even thou mine was 55% NCD + merit and last year premium at $700+ for my 1.6L car.

[GuiNNeSS]

Ah, I realised that later (luckily not too late) so I am instead looking at bang-for-the-buck and reliability now. Maybe I'll end up with a used Lancer GLX (cheapest made-in-Japan car in town) or Civic 1.8 (very close power-to-weight ratio as the 2.0, with almost all the accessories).

 

Yeah, the Impreza hatchback has quite low OMV. I think it's because of my age. I converted in 2006 and the salesgirl told me it is not affecting the premium much.

 

Update

Called NTUC Income today. Quoted for the "Classic" comprehensive plan for a 2006 Lancer GLX 1.6M. Darn, it is $4315.60! Salesgirl said it's because NTUC Income increased motor insurance by 20%-30% across the board. WTF. My K4 is also insured by NTUC. Maybe I should change when I renew...

 

pardon me, whats classic plan?

 

anyway lately preimum all very high, maybe insurance company losing money so must suck from us

[paperger85]

pardon me, whats classic plan?

 

anyway lately preimum all very high, maybe insurance company losing money so must suck from us

 

if i remember correctly, classic plan is the one where repairs will have to be done by NTUC assigned workshop only.

 

NTUC got alot of plans. Premium plan, premium plus plan, classic plan...blah blah blah....

 

make sure you know what the plan includes hor. if yours is a brand new car with 3 yr warranty, please opt for the plan which allows you to go back to your manufacturer. if you choose otherwise, you will not be allowed to bring your car back to your manufacturer even if there is a warranty.

[GuiNNeSS]

ahh crappy sh1t, i didn't see my plan at all

[rhema83]

You guys can try getting some quotes from Mayban Assurance. Remember I said NTUC quoted me more than $4k for a Civic 1.8A? Mayban quoted $2.7k for the same car. That's a huge difference. Granted, this plan does not have courtesy car, free named driver, etc. But it allows servicing at the agent.

 

Finally I see some "light at the end of the tunnel".

[aalphaa]

Wow, didnt know abt the across-the-board increase in insurance premium.

I believe it has got something to do with that silly rule about reporting to idac or duno-wat centres within 24hours

[paperger85]

Wow, didnt know abt the across-the-board increase in insurance premium.

I believe it has got something to do with that silly rule about reporting to idac or duno-wat centres within 24hours

 

 

Iin the past if you settle privately, no insurance company will know that you kanna accident so they wont load your premium.

 

Now that even if you privately settle they will know that you've got accident and will increase your premiums. lol..

[rAjOaNa]

wa

machiam bikes lar

extra plastics cost extra

 

 

ok...........

so, i assume a harmless non powerful 1.3 car.. prolly around 1.8K for my age?

looking at something like hyundai matrix 1.3

 

hahahah

 

or maybe KIA

 

or maybe CHERY

 

 

Bro matrix is not 1.3 its 1.6 or 1.8.

 

Mine is 1.6, my last insurance i paid 1.3k+ for age 25 for an OPC by ntuc. Premiums have gone up.

 

Recently i got quotation for honda JAzz 1.3. normal plate for a 26yr old. was shocked to hear 3.4k.

 

Avante, 1.6 alsmot 2k.

[GuiNNeSS]

jazz insurance ex is becoz of the name "Honda", sames goes to "Subaroo"

[gentoro]

Its not the brand entirely cosing the raise in premium, merely bcos jazz is a hatchback whilst subaru mostly "sport" car. Avante is consider a family saloon. Different companies have different category, be sure ask for many quotes and look throughly (Read the fine print of term and conditions) before committing into any insurance. Plus you have the option of choosing different plans/premiums or up your excess to lower your premium. Be sure to ask throughly to insurance companies also.

[rhema83]

I can summarise quotes for your reference...

 

Subaru Impreza 2.0A RS hatch - $3400+ AIA

Mitsubishi Lancer EX GT 2.0A - $3600+ AIA

Hyundai Avante S 1.6A - $2700+ AIA

Honda Civic 2.0A SI (registered 2006) - $2880+ Mayban

Honda Civic 1.8A VTi-S (registered 2006) - $2700+ Mayban

Lancer 1.6A GLX (registered 2006) - $2400+ Mayban

Subaru WRX 2.0M (registered 2006) - $7000+ !!!

[Arcfire]

Kaoz... sooner or later insurance will cost the same as the car.....

[GuiNNeSS]

Is just a excuse for them to increase annual profits =x

[LordCani]

I can summarise quotes for your reference...

 

Subaru Impreza 2.0A RS hatch - $3400+ AIA

Mitsubishi Lancer EX GT 2.0A - $3600+ AIA

Hyundai Avante S 1.6A - $2700+ AIA

Honda Civic 2.0A SI (registered 2006) - $2880+ Mayban

Honda Civic 1.8A VTi-S (registered 2006) - $2700+ Mayban

Lancer 1.6A GLX (registered 2006) - $2400+ Mayban

Subaru WRX 2.0M (registered 2006) - $7000+ !!!

 

Hi this is based on 0%NCD and below 26 yrs old?

[sendoec]

Chevy spark 0.8A (2007)

Insur: 1200 (NTUC)

Type: Comp

NCD: 0%

Age: 35

Exp: 10+

[ProFatSir]

Mitsubishi lancer cs3 OPC (2007)

Insur: 1154.44 (aviva)

Type: Comprehensive/25yo and above driver

NCD: 40%

Age: 28

Exp: 7+

[theblackmamba]

just like bikes certain brands have a bad reputation and hence have higher insurance

 

subaru especially. just like kawasaki bikes suffer higher insurance across the board vs the other brands