Motor Insurance

[zell_teo]

wondering wats the price range for 1st party insurance for 2b scooter(jus a range like 800 to 1k)??cause nv buy b4 1st party.. im 23 2yr exp

[huairen]

i dont know where to ask this qns... but... does anyone know if ANDA at upper thomson open on saturdays? what time?

[static369]

hi guys.... would like to "upgrade" from 3rd party to 1st party insurance as my insurance have to renew soon.

 

I'm riding a rxz nearly a year no accident. currently 19 years old

 

i paid $7XX when i got my bike so now want to upgrade to first party insurance for a peace of mind.

 

thanks..

[static369]

any one guys? how much insurance cost from ntuc? first party? thanks...

[LoudnessFz]

ur rxz how old ledi?if im not wrong some old 2nd hand bikes dont have any 1st party offerings.

 

like my sp,ntuc doesnt offer premium coverage..only up to TPFT

[static369]

ur rxz how old ledi?if im not wrong some old 2nd hand bikes dont have any 1st party offerings.

 

like my sp,ntuc doesnt offer premium coverage..only up to TPFT

 

 

my rxz is ft plate.... registered in 2001

[d0n]

my rxz is ft plate.... registered in 2001

 

i dont think it makes economical sense to insure yr RXZ with 1st party insurance.

 

3rd party - allows other road users to claim against your insurance when you are found liable for an accident with them

 

2nd party - on top of whatever offered by 3rd party, it covers market value in event when the entire bike is burnt or stolen

 

1st party - on top of whatever covered by 2nd party, it allows you to claim for damages against your own insurance in self-incurrred accidents

 

nowadays, the insurance premiums for bikes are freaking high esp for young riders. for your case, i can imagine that the premiums u need to pay for 1st party insurance for 2yrs can easily add up to the cost of another 2nd hand RXZ. :sweaty:

 

if you are really concerned with having a peace of mind, get 2nd party will do. honestly, u will avoid claiming your own insurance even in the event of self-incurred accidents as u would prefer to keep your NCD/NCB.

 

just my 2 cents of thots. perhaps other bros with other views can share as well?

[static369]

i dont think it makes economical sense to insure yr RXZ with 1st party insurance.

 

3rd party - allows other road users to claim against your insurance when you are found liable for an accident with them

 

2nd party - on top of whatever offered by 3rd party, it covers market value in event when the entire bike is burnt or stolen

 

1st party - on top of whatever covered by 2nd party, it allows you to claim for damages against your own insurance in self-incurrred accidents

 

nowadays, the insurance premiums for bikes are freaking high esp for young riders. for your case, i can imagine that the premiums u need to pay for 1st party insurance for 2yrs can easily add up to the cost of another 2nd hand RXZ. :sweaty:

 

if you are really concerned with having a peace of mind, get 2nd party will do. honestly, u will avoid claiming your own insurance even in the event of self-incurred accidents as u would prefer to keep your NCD/NCB.

 

just my 2 cents of thots. perhaps other bros with other views can share as well?

 

 

hehe dont quite understand the 2nd party insurance all... hmm...

lets say my bike gets burnt(touchwood) and can i claim from my insurance? mitsui.

 

btw i'm 19 less than a year of riding ex... thanks...

[d0n]

hehe dont quite understand the 2nd party insurance all... hmm...

lets say my bike gets burnt(touchwood) and can i claim from my insurance? mitsui.

 

btw i'm 19 less than a year of riding ex... thanks...

 

yes. 2nd party will allow you to claim in the event when entire bike is burnt/lost.

 

but then will come the scenario when u are not sure if it is worth it to lose your No Claim Discount/Bonus (NCD/NCB) for making the claim.

 

[zart]

my friend just bought new spark. get insurance from axa 2nd party at $888++. i was shocked cos i thought axa dont take below 21. anyone can confirm axa change their terms? im buying new bike duno which insurance to choose..

[d0n]

my friend just bought new spark. get insurance from axa 2nd party at $888++. i was shocked cos i thought axa dont take below 21. anyone can confirm axa change their terms? im buying new bike duno which insurance to choose..

 

quite likely that the shop will pick the cheapest insurance policy provider for u.

[hors3m3n]

hi guys, just wanna ask around. my insurance n inspection expiring in mid feb n im planning to change my current insurance company which is mitsui.. anyone knows any companies with good offers? does any company allow us to do installments? coz kinda hard to find cash nowadays.. lolz..

btw im 24yrs old, 15mnths riding experience, riding a 2b bike(gilera runner, coe end 2014)..

[Joncfk]

you can try AXA .. My Mitsui was 238 last year but this year has become 881 now mitsui is very ex for 3rd party class 2b bike.. I'm riding TA200 been riding since sep 2004 . I am also 24years old

[d0n]

hi guys, just wanna ask around. my insurance n inspection expiring in mid feb n im planning to change my current insurance company which is mitsui.. anyone knows any companies with good offers? does any company allow us to do installments? coz kinda hard to find cash nowadays.. lolz..

btw im 24yrs old, 15mnths riding experience, riding a 2b bike(gilera runner, coe end 2014)..

 

can try checking with ntuc income with regards to the installments for insurance.

after mitsui raised their prices, there is a chance that u may get lower premiums with ntuc income, axa, etc.

[hors3m3n]

thnx guys.. i was planning to go for axa at first coz my fren told me the price quite low.. but then i heard got one company that does installments, so now i know its ntuc.. ok so i guess i have to weigh the pros n cons..hopefulli qont go more than $400..

[0re0]

NTUC's Installment plan is only applicable for insurance premiums which is above $500

[hors3m3n]

NTUC's Installment plan is only applicable for insurance premiums which is above $500

 

ouh i see.. hmm.. gotta go check it out soon.. thnx again anw!

[BadgerBadgerBadger]

Axa - Call 6554 2288 for quote..

 

Apparently, they dont seem to do big bikes insurance anymore.

 

 

Updates:

allianz dont do anymore bike insurance

 

Mitsui has farmed out to these two: (I'm spelling the company name as i heard it.)

6337 3133 Commercial Agencies

6294 6259 NTT

 

Liberty Agent

6294 6996 - Does mainly HD, Ducati and BMW

 

 

[0re0]

When does Allianz stop doing motor insurance?

I think they out source their motorcycle insurance to Ban Hock Hin? Cos I'm still under Allianz ... ...

[binkaz]

Axa - Call 6554 2288 for quote..

 

Apparently, they dont seem to do big bikes insurance anymore.

 

 

Updates:

allianz dont do anymore bike insurance

 

Mitsui has farmed out to these two: (I'm spelling the company name as i heard it.)

6337 3133 Commercial Agencies

6294 6259 NTT

 

Liberty Agent

6294 6996 - Does mainly HD, Ducati and BMW

 

 

 

 

great info! thanks! for allianz, their number would be 6282 7227

allianz dun do insurance for bikes more than 10 years old as well as sports bike..

[BadgerBadgerBadger]

thanks for the clarification!

 

guess that's howi got a negative answer when i called up for a 10+ yr old sports bike insurance quote!!

 

[gani_1986]

Hi guys im currently 21 and riding FT plate phantom 200, comin feb i ve to renew my insurance n i planin to downgrade from 2nd party to 3rd party by mitsui? anyone knows wats the price range like? or issit better to find other insurers instead of mitsui?

[doubl3mint]

hi guys, speaking of insurance, anyone knows if courtesy bikes (provided by a company to a rider when his/her bike is being serviced at the workshop) have insurance coverage? if so, are they all-rider insurance, or?

[Joncfk]

Hi guys im currently 21 and riding FT plate phantom 200, comin feb i ve to renew my insurance n i planin to downgrade from 2nd party to 3rd party by mitsui? anyone knows wats the price range like? or issit better to find other insurers instead of mitsui?

 

 

 

I am 24 also riding TA200. I just buy my insurance (AXA) 3rd Party for only $267. Hope this is useful to u.

[gani_1986]

Thanks bro appreciate it.