Motor Insurance

[Ted]

Hmm..this is kinda strange about NTUC online quotation.

 

You see, I'm riding a 125cc Daelim bike and the 1st party quotation is slightly higher than 125cc Honda bike?? Is it becoz less people riding lousy Daelim brand or what?

 

Here the quote I received for both bike which i purposely do a comparison.

 

Dealim bike:

Our motor quotation is:

 

Cover Type: Comprehensive

Insured's Age: 28 to 30

Driving Experience: 1 to 2 Years

Occupation: Indoor

Model: Daelim

Vehicle Registration No: FT8XXX

Year of Registration: 2001

Capacity: 100 to 299cc

No of Riders: Less than 2

Usage: Private Bike

Claims Experience: Nil

Excess: S$

 

GST is absorbed by NTUC Income

 

Gross Premium: S$798

 

---------------------------------------------------------------------------------------

 

Honda bike:

Our motor quotation is:

 

Cover Type: Comprehensive

Insured's Age: 28 to 30

Driving Experience: 1 to 2 Years

Occupation: Indoor

Model: Honda

Vehicle Registration No: FT8XXX

Year of Registration: 2001

Capacity: 100 to 299cc

No of Riders: Less than 2

Usage: Private Bike

Claims Experience: Nil

Excess: S$

 

GST is absorbed by NTUC Income

 

Gross Premium: S$730

[Andy]

Hmm..this is kinda strange about NTUC online quotation.

 

You see, I'm riding a 125cc Daelim bike and the 1st party quotation is slightly higher than 125cc Honda bike?? Is it becoz less people riding lousy Daelim brand or what?

 

Here the quote I received for both bike which i purposely do a comparison.

 

Dealim bike:

Our motor quotation is:

 

Cover Type: Comprehensive

Insured's Age: 28 to 30

Driving Experience: 1 to 2 Years

Occupation: Indoor

Model: Daelim

Vehicle Registration No: FT8XXX

Year of Registration: 2001

Capacity: 100 to 299cc

No of Riders: Less than 2

Usage: Private Bike

Claims Experience: Nil

Excess: S$

 

GST is absorbed by NTUC Income

 

Gross Premium: S$798

 

---------------------------------------------------------------------------------------

 

Honda bike:

Our motor quotation is:

 

Cover Type: Comprehensive

Insured's Age: 28 to 30

Driving Experience: 1 to 2 Years

Occupation: Indoor

Model: Honda

Vehicle Registration No: FT8XXX

Year of Registration: 2001

Capacity: 100 to 299cc

No of Riders: Less than 2

Usage: Private Bike

Claims Experience: Nil

Excess: S$

 

GST is absorbed by NTUC Income

 

Gross Premium: S$730

 

hi, i think its becoz of the price of the original authenticate parts. Daelim parts are not as common as Honda's and the price of the bike is definitely not cheaper than honda's too.

[Ted]

hmm...i tot more ppl riding it and the percentage of getting accident is higher then insurance have to pay more in terms of popularity?

[Guest darkcloud]

Ok, it's that time of the year again; and I'm looking for an insurance company that can sell me affordable insurance. There seems to be only three companies now: AIG, Income and Mitsui.

 

Mitsui quoted me close to $1000

Income quoted me $800+

AIG quoted me $600+

 

I have my reservations about choosing AIG based on its low premiums though, as I've heard that it's exceedingly difficult to make a claim when you need to. Has anyone got any experiences to share about AIG/Income/Mitsui prices and claim experiences?

 

Are there any other insurance companies out there that will insure motorcycles?

[MrBoliao]

try Allianz

http://www.allianz.com.sg/

 

becareful... theres a face on the main page...

[Guest darkcloud]

So what is your experience with Allianz?

[MrBoliao]

So what is your experience with Allianz?

 

no experience cos I just take the paper so that I can ride hehe

[Xach]

hmm....got question...

 

how come the website says

 

"Sorry,Third Party, Fire, Theft (TPFT) is applicable for age of vehicle from 6 years - 8 years. "

[MrBoliao]

hmm....got question...

 

how come the website says

 

"Sorry,Third Party, Fire, Theft (TPFT) is applicable for age of vehicle from 6 years - 8 years. "

 

hmm dunnoe leh hmm, wats the catch for 6-8 ,why not 6 onwards...

[Xach]

so .... does that means my brand new bike does not qualify for third party fire and theft (this is known as "second party" right?)?

[Andy]

well, my 1 yr old bike is on 2nd party right now... so... i dunno...

[eyke]

also https://www.insurancequote.com.sg/motorcycl.../motorcycle.cfm

[Andy]

Every user of a motor vehicle in Singapore must have in force an insurance policy with provides him or her with indemnity for legal liabilities arising out of death of bodily injuries in connection with the use of motor vehicle on the road. It is illegal to drive or be in charge of a vehicle on a public road without a Motor Insurance policy.

 

The law which governs compulsory Third Party Insurance for death and bodily injuries is the Motor Vehicles (Third Party riak and Compensation) Act 1980. the insurance as required under this Act must provide indemnity for:

a. death or bodily injuries of a third party up to an unlimited amount; and

 

b. rider's legal liability towards their pillion.

 

In accordance with the Act, a policy must be taken up with an approved insurer in Singapore and a Certificate of Insurance must be obtained from the insurance, otherwise the insurance policy purchased shall be of no effect.

 

There are three types of insurance covers available in the market.

a. Third party only (also know as 3rd party for motordiam)

This cover provides indemnity for:

1. death or bodily injuries to third parties and/or bodily injuries only to third parties and/or pillion.

2. damage to third party's property.

 

b. Third party, fire & theft (also know as 2nd party for motordiam)

1. death or bodily injuries to third parties and/or bodily injuries only to third parties and/or pillion.

2. damage to third party's property.

3. loss of or damage to the insured's vehicle due to fire or theft.

 

c. Comprehensive (also know as 1st party for motordiam)

1. death or bodily injuries to third parties and/or bodily injuries only to third parties and/or pillion.

2. damage to third party's property.

3. loss of or damage to the insured's vehicle due to fire or theft.

4. accidental and malicious damage to the insured vehicle.

 

 

Thanks to 2_wheeler for this contribution of information.

[Sev]

my road tax going to expiry in July, i need to renew my insurance before i can renew my road tax. my insurance expiry in Oct, so can i make my insurance expiry date parallel with my road tax?

If i renew my road tax in July, it will expiry in Jan 2004, can i extend my insurance expiry date from Oct 2003 to Jan 2004?

I pay the pro-rated or i need to extend it till Jan 2005 (1 yr insurance + 3 month pro-rated ) in order to make my insurance parallel with my road tax?

my insurance is with NTUC, 2nd party, around 400+ yr.

 

please give me advise, cos i'm going for my NTU part time course in July, i need to do my finiancial planning now coz NTU school fee damn ex... scare after i pay the school fee $3000+ (half yr only, blood sucker...) , i not money to pay my insurance liao.... stress sia....

[chiacy80]

extend to jan 2004

[Sev]

oh, if it is like that will be better for me...

i heard that NTUC no more take in S4 insurance, will this affect me?

[chiacy80]

it will not affect those who already has s4 insurance under them

read

http://www.singaporebikes.com/forum/viewto...opic.php?t=7994

[Andy]

NTUC

 

Online quotation: Click here.

Hotline: 67885255

List of branches: Click here.

 

AXA

 

website: http://www.axa.com.sg

email: [email protected]

For a free quotation, call 1800 880 4741

 

Mitsui Sumitomo

 

website: http://www.ms-ins.com.sg

address: 16 Raffles Quay #24-01 Hong Leong Building Singapore 048581

Tel: 2209644

Fax: 2256371

[Sev]

i'm goimg to renew my insurance, i pay the same amount of money per year (400+) or the price will increase when i renew for new insurance?

[merz65]

i'm goimg to renew my insurance, i pay the same amount of money per year (400+) or the price will increase when i renew for new insurance?

price very very yr... some times they went up ssome time depends on ur exp, OCB a lot.. just call ur insurance company they will give u a quote liao. try AXA insurance cheap cheap prices ... 65542288.

S4- 1st party $875 2rd party- $700

again tis quote veries cos diff rider diff age... just Call!!

[Sev]

price very very yr... some times they went up ssome time depends on ur exp, OCB a lot.. just call ur insurance company they will give u a quote liao. try AXA insurance cheap cheap prices ... 65542288.

S4- 1st party $875 2rd party- $700

again tis quote veries cos diff rider diff age... just Call!!

 

my insurance is with NTUC, i dont want to cancel it cos NTUC no more take in S4, it is pity to cancel and after that cannot buy from NTUC anymore.

AXA is ex for me, 2nd party $700, mine with NTUC 2nd party only $400+.

I will call NTUC find out more....

hope they wont increas my premium....

[bambi18]

hi ,

I would like to know if there is anything ,called all rider insurance meaning any one can ride the bike and be covered.

Also i have a friend who wants to borrow me his bike for abt 3 mths or so until i get a new bike,the thing is that, is it necessary to get an insurance for riding this bike alone or could i be placed as a sub rider for his insurance.Further more what is the procedure to be listed as the subrider,do i have to pay anything .If than how much would it cost?

Also is it possible to just borrow his bike for the 3mths without insurance,but the roadtax and coe still valid. Meaning that is it possible that Any one can ride on the road without insurance but unless kena roadblock or stopped by ROV>There must be some loop hole in the law.

[ET]

MmM...jus a Q ....RVF hor...NTUC bo eat liao ahr....that means left onli with misutmoto tat i can buy insureance to cover RVF?

[sexybabe]

Can ani rider tel mi, can we renew our m/bike insurance oursef

M/tiam olways say haf 2 renew at their shop, but dey charge us administration fees sumore.

Y cant we jus renew the insurance by payin e prevailin rate at e ins. branches, renewal notice was sent 2 us, remind us 2 renew wat

e m/tiam scared we sel away e bike or got other reasons

Pls advise.

[cbkooky]

Unless ur no longer on instalment then most prob ur on your own in dealing with ur ins, rd tax etc....Come to thnk of it i used to do those myself but jus pay extra few dollars and the shop settle for you everthng.Depends on shop though.I did mine slightly less than a week.Save time in joining the queue, and hassle of travelling .Cheers!