Insurance issues

[JackOHJack]

ning nong piang!

 

was quoted by some agent the following prices (b4 NCD, after GST):

 

NTUC

1st Party - $1092.99

2nd Party - $701.56

3rd Party - $412.09

 

MSI

1st Party - $1498.00

2nd Party - $909.50

3rd Party - $732.95

 

details:

age: 24++

license pass: nov 2005 (4 year + liaoz)

bike plate: fbb (near end)

bike type: cub (135cc)

 

will call my insurance provider soon to get a quotation, inhumane prices - current insurance is Alliance, 3rd party w fire/theft, $350, 1 year ago, w/o NCD... ... ... ...

 

siao wan, think i dunno market rate arh?

 

anyone with competitive price pls pm me/ let everyone know here. Thx.

[Skull_Angel]

ex ex ex ex SO ex -.-

[wanaero]

Bro you can't blame them.. It is like that.. Have to find the cheapest ourself.. Why not try AXA..

[JackOHJack]

last quotation i got from axa was abt $50 more exp than alliance, same goes for ntuc.

 

really wonder how this agent quote me $700 for ntuc. ridunculous.

[wanaero]

Ok reason why NTUC is expensive is when your bike get stolen at JB then they will pay you back the market value...

For allianz.. if you lose it in malaysia.. what they give you is 50% of market value

[JackOHJack]

nice info.

[scubasimon]

mine is with NTUC. 3rd party insurance. $300+ (low end). i am p-plate but very old bike also very old.

[xXxRatedxXx]

Maybe recently alot of X1R just got ninjaed..... the premium sky rocket....

[CSV]

wah, PING PONG PIANG! trying to rip you a new one.

 

good thing got forum can check around.

[rezz_shaz]

who knows if u promised them u'll ride safely and never go jb the will quote u cheaper....

[DannyCrane]

It is not your agent's fault lah... It is the insurance companies which set the price... like what others have said different company sets different price because their coverage and excess amount are different. Just ask around but think alliance is quite competitive in term of price.

[uma-man]

who knows if u promised them u'll ride safely and never go jb the will quote u cheaper....

 

ya lor...i think i wana do that..i take a vow..sure get 1st party 100 only..

[contrarian]

Ok reason why NTUC is expensive is when your bike get stolen at JB then they will pay you back the market value...

For allianz.. if you lose it in malaysia.. what they give you is 50% of market value

 

That's not the whole story! Hear it directly from the Income agent:

http://www.singaporebikes.com/forums/showthread.php?p=4969197#post4969197

[angalfie]

mine 3rd party only. i am 18 years old p-plate riding fv plate krr. bought from ntuc 1.2k

[wanaero]

wah new policy.. Ntuc never fails to eat people money.. Lucky i never with them again.. enough of all the high prices...

[NaRuTo13]

u cant say its ntuc unless ur quote is gotten from ntuc direct?

 

or through 3rd party, if through 3rd party shop, if u got rip off, its not even ntuc fault. anyway TS only say agent? which mean real insurer or 3rd party shop who can quote u different coy de rate at once.

[HimQQ]

Hi I wanted to ask, what's the difference between getting insurance at 19yo P plate, 19yo non P plate, and 20yo non P plate.

[AeROSmitH]

anybody knows the contact or website for alliance? cant seem to find on google. need to ask them for quotation. any help?

[Jackie-HD]

I think different insurers have different rates for different bikes. So, cannot say which one is the cheapest. But can compare which one pay out more promptly when a claim is lodged. I think pay-out wise, NTUC is known as the best.

 

My Aprilia Atlantic 200cc, NTUC quoted me $1,000, says because it's Aprilia. They simply ignore that it is a scooter...... So, I checked AXA, they quoted me $200 only....

 

However, AXA does not insure exotic brands, like Ducati and MV... For exotic brands and bigger cc bikes, so far I found Liberty is the cheapest.

[bebear]

First of all, blame it on those ppl & workshops who claim thousands of bogus $$ when making an accident claim. Especially workshops who claims very excessively from insurance co. to make the extra moolah & lawyers who actually work in hand with the workshops on this kind of situations to make extra dough.

 

2nd, the collapse of AIG bck in 2008, which sky rocketed all other insurance co. premiums at 1 go.

All these excesses will go back to the consumer down the road, or in this case, it has already reached the consumer.

 

Lucky now the insurance co. has tweaked its claim system i.e IDAC within 24hrs, only selected workshop allowed to do repairs, etc..etc... but actually its already too late...

Premium has skyrocketed....

Whatever it is, Ill go with NTUC, accident, theft & fire coverage until the borders of Thailand.

Just my 2 cents.

Cheers!!

[onesideorder]

how much is the insurance for any 2a sports bike, roughly? for a 20yo. 3rd party.

[JuNiOr 6]

if u bike still under hore purchase..means ur insurance wil be x coz of ur bike shop..they do 4 u insurance n eay more money..i call alliance n they quote me 170 plus ..juz a few days i go ma bike shop..they say i need to be 25 so can take alliance.wen ask axa how much they say arf 300plu...bullshit this bike shop..eat pple money only.

[vespaboy]

Ok reason why NTUC is expensive is when your bike get stolen at JB then they will pay you back the market value...

For allianz.. if you lose it in malaysia.. what they give you is 50% of market value

 

What exactly does "market value" mean?

 

Is it (a)the depreciated price of the bike or (b) is it the cost of getting a bike of the same model and similar condition?

 

Anyone who knows care to share?

[kan0n]

Pardon me for asking this..is there any place that accept installment for insurance for a 21 year old guy who recently gt his license?

[BlackDawn]

If you can't afford to pay your insurance up front. Then don't get a bike.