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Motor Insurance

Ted

By Ted
in Biking in Singapore

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buddie Newbie

buddie

Posted
Posted

got these quotation for 26yr, new rider, cbr150

ANDA (referred by AXA)

2nd: 58x

3rd: 41x

Income

2nd: 72x

3rd: 43x

 

does the cheaper price offered by ANDA comes with any catch?

There is no knowledge that is not power :bow:

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Kutrax Newbie

Kutrax

Posted
Posted

nope anda is just an insurance agent.

they will quote u a cheaper premium.

http://i1194.photobucket.com/albums/aa374/kingform90/Wtf_japanese_butt_gun.gif
shishun Newbie

shishun

Posted
Posted

Any 1 can roughly tell me how much i have to pay for insurance if I juz passed 2b under 21yr old for a rxz i get Third Party just for the sake so tat i can ride?

Pass 2B 4th Sept 2008

Pass 2A 9th Mar 2010

 

First Bike : FJ4916H

YAMAHA RXZ 135 ; 12th Sept 08 - 8th Aug 09

 

Second Bike :YAMAHA X-1 ; 5th Sept 09 - Present

 

Third Bike :HONDA CB400 Spec 1 ; 10th Mar 2010 - Present

y1yang Newbie

y1yang

Posted
Posted
got these quotation for 26yr, new rider, cbr150

ANDA (referred by AXA)

2nd: 58x

3rd: 41x

Income

2nd: 72x

3rd: 43x

 

does the cheaper price offered by ANDA comes with any catch?

 

i know for sure axa's refund policy is entirely 'profit-oriented'. next time when u cancel insurance (to sell bike, upgrade etc.) u'll find out.

 

for cancellation refunds... ntuc does it on-the-spot.. where anda/axa needs 2 months or more...

 

just called them today and the in-charge said 1 month more. the refund rate for anda/axa is quite outrageous tho (e.g. 3months plus used / balance 8 months) the refund is 37% (short-rate) sums up to $90. original premium $280. it's not even the 37% they stated. juz my 2cts.

Mitsuki Newbie

Mitsuki

Posted
Posted
Any 1 can roughly tell me how much i have to pay for insurance if I juz passed 2b under 21yr old for a rxz i get Third Party just for the sake so tat i can ride?

 

 

at most around $600 - 700+?

depends on the age of the rxz as well

http://i3.photobucket.com/albums/y71/eshtrella/MoulinRouge070.jpg

 

美月

 

ç„¡é™ // Feel Speed

contrarian Newbie

contrarian

Posted
Posted
the refund is 37% (short-rate) sums up to $90. original premium $280. it's not even the 37% they stated. juz my 2cts.

 

Check what's your original premium against the tax invoice or the certificate of insurance. Perhaps if you've bought your policy through a motor dealer, the dealer may have collected more from you than the actual premium.

He who hesitates is lost!

RESPECT Newbie

RESPECT

Posted
Posted

Just called the commercial agency,

 

Age : 19

riding exp : 1 yr +

bike : 9 yr old RVF

 

ntuc

tp : 779

tpft : 1.1

 

mitsui

tp : 1.4

tpft : 1.9

 

conclusion MITSUI IS EXPENSIVE!!!

The street is for show, the track is for go. Put up or shut up

RESPECT Newbie

RESPECT

Posted
Posted
Any 1 can roughly tell me how much i have to pay for insurance if I juz passed 2b under 21yr old for a rxz i get Third Party just for the sake so tat i can ride?

 

about 900+

 

recently my friend age20 riding kawa got his from NTUC installment plan

The street is for show, the track is for go. Put up or shut up

aeX Newbie

aeX

Posted
Posted

Yamaha FZ1

 

Age:23

4 yrs exp

 

NTUC INCOME 3pft $2355

3p $1450

 

AXA Insurance 3pft $1700

3p $800+

Regards

http://www.motorcycle-usa.com/photogallerys/ATL_3679.jpg

ambasnakeman Newbie

ambasnakeman

Posted
Posted

insurance prices r getting ridiculous

 

my friend rides a brand new MV Agusta. his age 40+.

 

3PFT - 1250 liberty insurance

Don't just break your laptimes, SHATTER them!!

 

Insanity is doing the same things over and over again and expecting different results - Albert Einstein, a German born theoretical physicist widely known as one of the greatest of all time

contrarian Newbie

contrarian

Posted
Posted
insurance prices r getting ridiculous

 

my friend rides a brand new MV Agusta. his age 40+.

 

3PFT - 1250 liberty insurance

 

That doesn't seem very expensive for the types and values of bikes that Liberty insures.

He who hesitates is lost!

DaN zI Newbie

DaN zI

Posted
Posted
insurance prices r getting ridiculous

 

my friend rides a brand new MV Agusta. his age 40+.

 

3PFT - 1250 liberty insurance

 

That doesn't seem very expensive for the types and values of bikes that Liberty insures.

 

same i also don find it ridiculous.. since at was a italian breed + BRAND NEW somemore.. mine RVF 3PFT 1.1k :giddy:

http://sphotos.ak.fbcdn.net/hphotos-ak-snc4/hs605.snc4/58582_425759858089_606683089_4979174_1311643_n.jpg
  • 2 weeks later...
rxgn Newbie

rxgn

Posted
Posted

Age: 24

Exprience: 1.5 years

Bike: Almost 4 year old Super 4

2nd party with AXA, $770..

..................

badTz Newbie

badTz

Posted
Posted
about 900+

 

recently my friend age20 riding kawa got his from NTUC installment plan

 

do u know how much he paying for each month installment?

*- My Bike -*

June/08 - May/10 FW - Kawasaki 150.

June/10 - ?/?? FBE - X1R.

 

http://i258.photobucket.com/albums/hh241/dollybadtz/IMG_1579edited.jpg

 

To Ride or To Drive?

LoudnessFz Newbie

LoudnessFz

Posted
Posted

just take the cost divide by the number of months of instalments..can go by 6 or 12 months..no interest..easy enough

NSR SP Dec 07

RXZ Feb Mar 08

Spark May July 08

RXZ July-Nov 08-09

X1 Dec - June 10

XR4 June Aug 10

RXZ Aug - Jan 10 - 11

S4 Feb 11- Mar 12

125z Mar 12 - ??

tanchunxun Newbie

tanchunxun

Posted
Posted

hi.. i am age 20 riding phantom ta200 FU plate, 1 year experience.. Which company will be cheaper? mitsul accept age 20 ma? when i was P-plate, they told me cannot age 19..

Safety come First

guwakzai Newbie

guwakzai

Posted
Posted
quote:

 

shops will ususally let you pick 1st or 2nd party only.

 

but once the bike is in your hands, you can go down to ntuc/mitsui yourself, cancel the insurance and choose whichever plan you want. you get back about 80% of the value of your previous insurance.

__________________

 

Hi, I heard that if u on Hire Purchase from motodiam, on your subsequent insurance year of renewals, u're NOT allowed to renew at insurance of your choice. This means you MUSt only renew insurance from the motodiam's choice of insurance company?

 

Is this true? Is this legal?

 

 

nowadays u cant do that. the bike shop is the authorised dealer for the particular insurance co. If u go to the insurance co. and buy urself, they wont allow as ur bike still under loan.

 

i experience this...cannot do anything but just pay..bike shop say 1k u also must pay..lol

Is this real?

http://sg-fashionz.blogspot.com/

sanseiu Newbie

sanseiu

Posted
Posted

theoratically if you're riding an old bike, go for ntuc. because the older the bike the lower the insurance price.

 

of course there are other factors like age, pplate, experience and stuff.

 

but a real life experience from me is.

 

honda sp fs plate + 18 yr old riding + p plate = ntuc ~600

yamaha 125z fy plate + 19 yrs old + no p plate = ntuc ~500 - 600

 

yamaha 125z fy plate + 19 yrs old + no p plate = axa = 375

 

reason ntuc told me? newer bike = more expensive.

http://pics.livejournal.com/itsnotmytime/pic/0000d38qhttp://pics.livejournal.com/itsnotmytime/pic/00009csy/s320x240

honda nsr150sp - FS1*1*G

yamaha 125z - FY5*7*E

dEeLdo Newbie

dEeLdo

Posted
Posted

did anybody just did an installment plan with NTUC?? Ive heard by many that it's interest free, but gt 1 shop told me & my friend that now itz 6% interest.. dunno wether itz true or not, or jus wanted to trick my friend to add his insurance together with the shop's bike installments...

http://i408.photobucket.com/albums/pp164/deesiriwan/kecik.jpg?t=1257906138

 

http://i408.photobucket.com/albums/pp164/deesiriwan/s4.jpg?t=1257910713

LoudnessFz Newbie

LoudnessFz

Posted
Posted

maybe he misheard it...maybe the bikeshop say everything including the insurance the interest is 6%..coz if he take loan from bikeshop...still they charge on everything with interest mah...

 

btw ntuc still doesnt charge interest,just that under 21 cannot take instalment anymore

NSR SP Dec 07

RXZ Feb Mar 08

Spark May July 08

RXZ July-Nov 08-09

X1 Dec - June 10

XR4 June Aug 10

RXZ Aug - Jan 10 - 11

S4 Feb 11- Mar 12

125z Mar 12 - ??

Am hoppus Newbie

Am hoppus

Posted
Posted
nowadays u cant do that. the bike shop is the authorised dealer for the particular insurance co. If u go to the insurance co. and buy urself, they wont allow as ur bike still under loan.

 

i experience this...cannot do anything but just pay..bike shop say 1k u also must pay..lol

 

hmm actually not really leh..just renewed my insurance @ NTUC but bike is still under hire purcharse. So far no problem.

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