Need opinion regarding renew road tax but without enough insurance coverage...

[sICkbOi-dOt-cOm]

Im sure most of you guys have encountered this...

Want to renew road tax but the insurance period coverage is not enough..

So what u guys did? Renew insurance for a couple more months to cover the rd tax?

Or just get another insurance and terminate the current one???

[loufu]

ask for ins. extension:dot:

[sICkbOi-dOt-cOm]

But if extend... mite as well i get another new insurance and a cheaper rate right?

[binkaz]

extend your insurance to the date such that it coincides with your yearly inspection and roadtax renewal.. not too sure bout the savings of getting a new insurance, but it definately limits the hassle of doing these admin stuff to just once a year

[sICkbOi-dOt-cOm]

True... Any lobang for the cheapest rates in town?? Im on NTUC... seems abit ex...

[loufu]

True... Any lobang for the cheapest rates in town?? Im on NTUC... seems abit ex...

 

i dun think can save much by terminating and buy new de..

 

wat bike u riding? i m oso scouting for new ins. co.... but no luck..

allianz - no coverage for sportsbike

axa - no covererage for abv 400cc sportsbike

mitsui - quoted slightly lesser than NTUC, but i forget to ask inclusive of GST anot.. coz if havent then NTUC still cheaper...

 

PS: even if mitsui quote were cheaper, the differences will not be enough to tempt me to go thru the trouble.. mitsui nid to go kelantan lane while NTUC i can go any nearest branch to renew..

[sICkbOi-dOt-cOm]

Well actually, I've looked at the Road Tax letter behind.. There's a whole list of insurance company.. Maybe can try give a call ask for quotations...

[WildCard]

Well actually, I've looked at the Road Tax letter behind.. There's a whole list of insurance company.. Maybe can try give a call ask for quotations...

 

Those are mostly for cars.

Not all will do for bikes.

[d0n]

But if extend... mite as well i get another new insurance and a cheaper rate right?

 

extension for

 

1. terminate the insurance after using it for a few mths when yr road tax expires as well. you will stand to lose a certain portion of the unused part of the policy. e.g. u used for 3mth but company only refund to u 6mth balance.

 

2. continue w/ the new insurer for 12mths and after which, u do the extension w/ them until the expiry dates of insurance matches the road tax.

 

in the end, it is juz a matter of time that when u have to do extension. either u do now or exactly a year later? my advice is to extend as soon as possible. with the kind of increase in premiums nowadays, even the rise in NCD/NCB is not enough to offset. extend for that few mths now will probably be cheaper as compared to if u do that nxt year or year after.

[sICkbOi-dOt-cOm]

Looks like extending is the best option. Thanks for the input.

[d0n]

Looks like extending is the best option. Thanks for the input.

 

no prob~

do note that for the period extended, the NCD/NCB remains at current levels.

e.g. now having 10% NCD/NCB, if u extend for 3mths, the rate will be at 10% NCD/NCB instead of moving on to next level of 15%.

 

[sICkbOi-dOt-cOm]

My NCD should have been much more but claimed total lost for fire last time...

[sICkbOi-dOt-cOm]

Just webchat with the customer service..

Renew 4-months = $204.57

Renew 1 year = $310.20

 

Can see the diff? Guess renew 1 year is more feasible...