which 2b bike has the cheapest insurance for new rider?

[chowjibye]

my priority for my 1st bike is the cost of insurance, maintenance and Fuel consumption.

 

please recommend me something. i have no bike type preference.

[apitBIOL]

i know KR insurance very ex..lol

[ViN]

i know KR insurance very ex..lol

 

why ah?

[apitBIOL]

maybe becoz all the KR riders are dangerous haha!

[paperger85]

my priority for my 1st bike is the cost of insurance, maintenance and Fuel consumption.

 

please recommend me something. i have no bike type preference.

 

eh...the cheapest has to be piaggio bikes.

[stantheman]

vespa insurance is cheapest or those ah pek bikes u find on the road like CG125:cheeky:

[jB]

how's a 2nd hand wave's?

[paperger85]

k. let me start from the beginning. for insurance, they will quote based on a few things.

 

1. Coverage - eg. Comprehensive, Third Party Fire & Theft and Third Party Only.

 

2. Bike Model - The cheapest being Paggio and the most expensive being Kawasaki.

 

3. Owner's age - The younger you are, the more expensive it gets. Even if you buy the bike under your dad's name, the insurance will still usually ba based on the youngest named rider - which is yourself.

 

4. Vehicle Capacity - The smaller the cc, the lesser you pay.

 

5. Riding Experience - The more riding experience you got, the cheaper it gets.

 

6. Vehicle Age - The older the bike, the lesser your insurance.

 

7. Claims - Insurance companies will load on your premium if you have got claims and the amount they load will depend on your claims amount.

 

8. NCD - Known as the No Claims Discount, you start with 0% on the 1st yr and you start earning 5% after the 1st yr with 20% being the maximum for bikes. You'll get this discount only if you do not have any claim for the one full yr with the insurance company and if you have even only one claim, it can cost your NCD to drop from 20% to 0% immediately.

 

There, the 8 things that affects your insurance premium.

[Refugee]

NCD first year is 5%?

[paperger85]

NCD first year is 5%?

 

First year you'll start with 0%. You'll only gain the 5% NCD the 2nd yr you're insured. Thats what we call 5% NCD upon renewal.

[SparkerS1]

maybe becoz all the KR riders are dangerous haha!

 

haha, i safe rider sia

[SparkerS1]

k. let me start from the beginning. for insurance, they will quote based on a few things.

 

1. Coverage - eg. Comprehensive, Third Party Fire & Theft and Third Party Only.

 

2. Bike Model - The cheapest being Paggio and the most expensive being Kawasaki.

 

3. Owner's age - The younger you are, the more expensive it gets. Even if you buy the bike under your dad's name, the insurance will still usually ba based on the youngest named rider - which is yourself.

 

4. Vehicle Capacity - The smaller the cc, the lesser you pay.

 

5. Riding Experience - The more riding experience you got, the cheaper it gets.

 

6. Vehicle Age - The older the bike, the lesser your insurance.

 

7. Claims - Insurance companies will load on your premium if you have got claims and the amount they load will depend on your claims amount.

 

8. NCD - Known as the No Claims Discount, you start with 0% on the 1st yr and you start earning 5% after the 1st yr with 20% being the maximum for bikes. You'll get this discount only if you do not have any claim for the one full yr with the insurance company and if you have even only one claim, it can cost your NCD to drop from 20% to 0% immediately.

 

There, the 8 things that affects your insurance premium.

 

pro sia, u are gd

[SparkerS1]

First year you'll start with 0%. You'll only gain the 5% NCD the 2nd yr you're insured. Thats what we call 5% NCD upon renewal.

 

:thumb: :thumb:

[paperger85]

i heard that mitsui has got quite cheap premiums for young riders. i got an agent who does mitsui insurance but not sure if he got do bike anot..

[SparkerS1]

i heard that mitsui has got quite cheap premiums for young riders. i got an agent who does mitsui insurance but not sure if he got do bike anot..

 

u are really gd, should meet up

[paperger85]

u are really gd, should meet up

 

are u trying to date me? haha...

[coolone]

huh...paperger85..

guy ask u for date??

anyway, u want to sit my bike to genting??

[coolone]

mitsui company, very cheap..but if accident then higher..now i use ntuc income.better

[coolone]

eh...the cheapest has to be piaggio bikes.

 

paggio are very cheap. but have alot of maintance and bit problem.my friend alway got complain alot...

[aeX]

phantom la.. also cheap insurance.

[paperger85]

mitsui company, very cheap..but if accident then higher..now i use ntuc income.better

 

 

every insurance company also the same de. as long as u got claim, premium sure become higher de mah.

[danielsin2]

ok.. if kawasaki most ex.. then honda how? wanna kn bout honda SP..

[jB]

phantom la.. also cheap insurance.

FYI its about 500+ in mar and about the same as sport bike, now not sure.

 

ok.. if kawasaki most ex.. then honda how? wanna kn bout honda SP..

should be about the same as SP.

[Tommy Tan]

my priority for my 1st bike is the cost of insurance, maintenance and Fuel consumption.

 

please recommend me something. i have no bike type preference.

 

Just got my new FINO. paid 250( 3rd party+fire&theft)+150 coz new license.

[coolone]

Just got my new FINO. paid 250( 3rd party+fire&theft)+150 coz new license.

 

huh...fire and theft party..TPFT for 2nd party not third party...