Insurance for age 21 is much cheaper?

[falxleo]

Hello all. may i know which insurance company provides for age 21? coz i know some dun provide for age 21 and below.

 

let's say i'm buying a bajaj pulsar next month when i turn 21. the insurance will be much cheaper than when i'm 20 yr old now isit??

 

please help ! thanks all!

[bernardk]

Hello all. may i know which insurance company provides for age 21? coz i know some dun provide for age 21 and below.

 

let's say i'm buying a bajaj pulsar next month when i turn 21. the insurance will be much cheaper than when i'm 20 yr old now isit??

 

please help ! thanks all!

 

Yes.... there is always a discount at certain age. if im not wrong 21, 25, 28, 30, 35

 

Last time 30 is the cheapest, but now they increase to 35.

 

As for your bike Bajaj i think the insurance wont be that high i guess.

 

You can check with NTUC or Mitsui. there are other one which i wouldnt knw. You can bring your log sheet and go to their branch and ask for a quote. No obligations one i remember. or you can call and ask but the price they give in calls and the exact price differs. So do take note on this.

 

Cheers. And happy 21st. Ride safe.

[falxleo]

ohh thanks man. anyone knows roughly how much? i dun have any previous insurance, i have class 2a but buying 2b bike.

 

anyone out there juz bought bajaj pulsar can tell me the insurance u paid? =))

[donhxw]

hmmm... if im not wrong, insurance premiums factors in ur age, bike model, registered year, and road exp.

 

age: older u are, cheaper it gets. cause its alway sadder and as malays say, ke sian, when a young rider dies. eg. 18 yr old rider dies in head on collision with tp bike

 

bike model: apparently any sports bike model will definitely be more ex. reason for high price is cause sport bike more prone to accidents. this reason is supported by statistics from lta n tp if im not wrong, and also sport bike rider claim more often as compared to others.

 

registered year: the longer it has been registered, the more reliable it is on the road. (may be wrong on this)

 

road exp: a guy who been riding for 5 over years will have cheaper insurance as his skills on a bike is viewed as better then when compared to a new rider. more years on road = more skilled = less accident prone = less claims against the insurance company.

(not sure for cases where a cls 2A license holder didnt ride at all from 2B to 2A, as technically he hold license for more then one year, but road exp is zero due to not owning a bike)

 

hope dis helps.

if my info wrong, feel free to correct me.

im still learning everyday

[donhxw]

u could call ntuc for quotation too

just state ur name, ic number, the bike model, yr registered, and also the license plate.

the quotation is actually quite accurate, + - $100

[bernardk]

Sorry ah bro just using your post for TS info. And share some different tots and facts

 

TS please note that most of this terms stated here are cover 1st party issues for pay out reason. If for 3rd party, there is another reason. Which i will state in green

 

hmmm... if im not wrong, insurance premiums factors in ur age, bike model, registered year, and road exp.

 

Correct.

 

age: older u are, cheaper it gets. cause its alway sadder and as malays say, ke sian, when a young rider dies. eg. 18 yr old rider dies in head on collision with tp bike

 

Mabbe... But i think the main reason is that young riders tends to get hot headed easier and ego at stake.

 

bike model: apparently any sports bike model will definitely be more ex. reason for high price is cause sport bike more prone to accidents. this reason is supported by statistics from lta n tp if im not wrong, and also sport bike rider claim more often as compared to others.

 

Main reason is sports bike price are higher due to parts on the bike is higher. i.e bike parts are more expensive.

 

Sports bike rider tends to ride fast and get into accident more often. Cos its stated... SPORTS BIKE

 

registered year: the longer it has been registered, the more reliable it is on the road. (may be wrong on this)

 

Hmmm half on this. Older bikes have source for parts problem. Thus if cover under 1st party, the premium will be higher. Some ins company dun even wanna cover vintage bike like BSA Norton.

 

road exp: a guy who been riding for 5 over years will have cheaper insurance as his skills on a bike is viewed as better then when compared to a new rider. more years on road = more skilled = less accident prone = less claims against the insurance company.

(not sure for cases where a cls 2A license holder didnt ride at all from 2B to 2A, as technically he hold license for more then one year, but road exp is zero due to not owning a bike)

 

INS company dun really bother if you have riding in the pass years. Just that you dun have a discounted NCD (No Claim Discount). Maximum for bike NCD is only 20%

 

hope dis helps.

if my info wrong, feel free to correct me.

im still learning everyday

 

me too. share share ah dun mind

[falxleo]

hahaha. waa i thank you guys for keeping my post alive and putting in so much helpful information la. really thanks alot. hee.

but still i wan to roughly know the price. LOL! NTUC havent get back to me leh! sianz.

anyway, don, i 2 more months to ORD. =P

[loufu]

hahaha. waa i thank you guys for keeping my post alive and putting in so much helpful information la. really thanks alot. hee.

but still i wan to roughly know the price. LOL! NTUC havent get back to me leh! sianz.

anyway, don, i 2 more months to ORD. =P

 

havent get back?? u send snail mail ar?? haha...

 

u can directly call the hotline.. tell them u want to get quotation for motorcycle ins. then they will redirect you or giv u a no. to call.. then u can get the quotes imm. after u talk to the person in charge of the quotation.

 

 

and the quote is valid for a certain no. of days.. forget isit 3 or 7 or wat..

 

PS: they will nid to noe some info.. ie; bike plate, age, when u get ur license, 1st, 2nd or 3rd party u wanna buy..

[squarebox]

i bought my bike with 3rd party @ $400 @ sep'08

Riding exp : 1 month

Age: 22 that year but havent pass my bday so paid 21yr old price.

 

this year @ $375 @ aug'09

[bernardk]

i bought my bike with 3rd party @ $400 @ sep'08

Riding exp : 1 month

Age: 22 that year but havent pass my bday so paid 21yr old price.

 

this year @ $375 @ aug'09

 

Wa $400??? Cover wat bike?

[tyheghir]

Ya it will be great if they both get active on this forum...

and share their exp. with gaming...

 

:shy::cheers:

 

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[falxleo]

no la. not snail mail. zzz they lik say they will call me back. they did la.

they say i now 20 yr old insurance is lik 1000++ la. wth! lol

den i say after 21yr old den my 3rd party fire and theft is only $600+.

so i'd rather wait lor. since my bday is only 1 month away from now.

besides NTUC, can some kind soul list the other companies? coz i dunno which one got motorbike. some only got motor car. thanks

[dragonforce]

no la. not snail mail. zzz they lik say they will call me back. they did la.

they say i now 20 yr old insurance is lik 1000++ la. wth! lol

den i say after 21yr old den my 3rd party fire and theft is only $600+.

so i'd rather wait lor. since my bday is only 1 month away from now.

besides NTUC, can some kind soul list the other companies? coz i dunno which one got motorbike. some only got motor car. thanks

ntuc, axa (anda), mitsui just to name a few..

[squarebox]

Wa $400??? Cover wat bike?

 

'08 Honda Wave S

 

400 is more than the actually insurance cost becuase i'm under installment if not, it will be even cheaper.

I'm using AXA.

 

NU*C doesn't do 3rd party claim for u.

[Aalex82]

'08 Honda Wave S

 

400 is more than the actually insurance cost becuase i'm under installment if not, it will be even cheaper.

I'm using AXA.

 

NU*C doesn't do 3rd party claim for u.

 

didn't noe that insurance is more ex when under installment..

[bernardk]

didn't noe that insurance is more ex when under installment..

 

Yes it does, cos if you are still under hire purchase, the agent who gives you the loan will force you to take coverage for 1st party. If not, the bike crash and total lost, the agent got nothing to take back which is a risk they wont wanna take. Unless the loan is from a bike shop whom you knw, but also they minimum would require you to take 2nd party coverage.

[cancunphoto12]

Yes it does, cos if you are still under hire purchase, the agent who gives you the loan will force you to take coverage for 1st party. If not, the bike crash and total lost, the agent got nothing to take back which is a risk they wont wanna take. Unless the loan is from a bike shop whom you knw, but also they minimum would require you to take 2nd party coverage.

 

I was registered at your forum. I have printed the test message. Do not delete, please.

Just wanted to say thanks to everyone for the warm/scary welcome,I'm really looking forward to talk about anything and everything horror related.

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[bernardk]

I was registered at your forum. I have printed the test message. Do not delete, please.

Just wanted to say thanks to everyone for the warm/scary welcome,I'm really looking forward to talk about anything and everything horror related.

________________________

cancun photographer |cancun photography |cancun photographers

 

? WTF??? Wat the heck you talking abt? If you talking nothing, please dun use my post as your quote.

[dragonforce]

? WTF??? Wat the heck you talking abt? If you talking nothing, please dun use my post as your quote.

its the new kind of spam.. they quote posts and reply with totally irrelevant stuff.. otherwise is 'i accept with information etc' something like that.

so that pple might click their links they provide.