Motor Insurance

[edouard_g]

Hi,

 

I just made a claim for total loss to theft. My insurance quotes seem to have jumped 60%.

 

For all those wondering, when they (NTUC in my case) agents say;

 

"The policy will pay out market value at time of loss"

 

they really mean;

 

"The policy will pay out market value at time of loss- NOT"

 

you'll likely get 50% or less than market value if you are lucky, and what they first offer will not even be what the claim history they use to calculate your new extra heavy premium!

 

In my case they offer $3,000 and my claim history now shows = $3,001-$5,000

 

 

Ed

[edouard_g]

All,

 

Got this quote:

 

NTUC:

Bike: 1000cc touring bike

Fire, Theft & Third Party = $686.47

Bike "market value actual": $8,000

Age: 40

NCD: 0%

 

can anyone of about that age comment on what they are paying for a similar bike?

 

Thanks

 

Edouard

[thatone1]

All,

 

Got this quote:

 

NTUC:

Bike: 1000cc touring bike

Fire, Theft & Third Party = $686.47

Bike "market value actual": $8,000

Age: 40

NCD: 0%

 

can anyone of about that age comment on what they are paying for a similar bike?

 

Thanks

 

Edouard

try AXA - Anda Insurance instead.. their rates are better although they raised it recently..

[d3an_cain]

well most insurance has rised their premium..

last yr my dad( 57+yr old) paid $96 for hi FS GN125..this time, he need to fork out $120 for his insurance.. nvr claimed insurance b4 somemore

thought if u gettin older,insurance cheaper?

[gargantua]

Hi Bros,

 

I need to add 2 subriders to my ntuc policy. The front like lady said cannot. Must buy another new policy for the second subrider

 

 

Any insurance company allow 2 subrider maybe higher premium abit ok, but not entire new policy.

 

thanks.

[Yatz86]

Hi Bros,

 

I need to add 2 subriders to my ntuc policy. The front like lady said cannot. Must buy another new policy for the second subrider

 

 

Any insurance company allow 2 subrider maybe higher premium abit ok, but not entire new policy.

 

thanks.

 

the only solution is the current 2nd rider delete his name and insert ure name.

no such thing as 2 subriders

[skai]

Guys, can anyone advise me on all the insurance company that insures bikes?

 

i only know NTUC, Mitsui, Allianz etc etc.

 

is there any threads on the listing of companies and their contact number? i cant seem to find any.

 

thank you

[y1yang]

****.. allianz..

 

So for now, there's:

 

1) NTUC

2) Mitsui

3) AXA

4) AIG

5) Allianz

 

Anymore?

 

refer to page 1 or do a search. that's about all..

[eedwinn]

Hey guys, how much is it to add the subrider? Assuming the subrider is of the same age and experience as the owner.

[distortdd]

hey guys im deciding if i should get my bike soon or wait til im 21. im 20 this year and my birthday is next year feb. is the insurance really much cheaper when im 21 eventhough i pass my tp like 2mths ago only?

[tanchunxun]

guys.. i am under ntuc insurance for 1 year already.. can i change to other insurance company like axa? will my NCD still be there if i transfer?

[YEN96]

has anyone compared the quotes from bikeshops and directly from the insurance company ??? price same ???

[YEN96]

news from 3 weeks ago:

 

AXA (Anda Insurance) raised most bike insurance premium by 20% at least.

 

Sports bikes new insurance take up is only allowed for 22 years old and above with 1 year riding exp..

 

luckily i got mine 2 days before it rose..saved me $70!

 

 

increase again?!?!?!??!?!?!?

[paithorn]

Hey guys, how much is it to add the subrider? Assuming the subrider is of the same age and experience as the owner.

 

it is free for NTUC but AXA wanted to charge me $75 for my current bike!!!

[emarkie_82]

hello guys... sorry to ask a stupid question, as im quite new here.

 

I just bought my Yamaha X-1R from 1st owner and i have changed the ownership and signed the new insurance from AXA?

 

when coming to 1 year later, i suppose to renew my insurance.

I would like to know, any offense if i ride without the insurance?

 

In my thinking, at the moment i signed an insurance cos the changing of ownership require to do so.

 

Could you please explain about this matter?

 

Thanks in advance.

[NaRuTo13]

try AXA - Anda Insurance instead.. their rates are better although they raised it recently..

 

hey anyone know how to get axa- anda to accept sports bike above 600cc or equalivent..

 

as of what i know.. axa main line and anda never take in sports bike and 600cc and above.. but in this bike market, there r many ppl able to do so.. which make me wonder how they get it from..

[Budak_Motor]

hello..im going to buy yamaha r1 2007...what is the cheapest insurance (3rd party) for 22 years old guy (23 next year).. any recommendation?

 

The insurance company name?

phone no?

location?

 

tq very much...

[Silas]

INSURANCE PREMIUMS INCREASING!!

 

just called NTUC and MITSUI.

 

for peeps below 21, oh my the insurance premium going up up up.. ):

[NaRuTo13]

hello..im going to buy yamaha r1 2007...what is the cheapest insurance (3rd party) for 22 years old guy (23 next year).. any recommendation?

 

The insurance company name?

phone no?

location?

 

tq very much...

 

think u can only on depend on ntuc.. other insurer dun really take sport bike nor high cc or their premium r juz ridclous..

 

not many r doing bike insurance, axa aka anda(agent) only take sports(fairing) bike up to 400cc n rider must have ncd.. mitsui, dun think theirs r ever cheap..

[ahkiat]

hi, anybody knows roughly how much is the insurance for a super4. lets say a version S or spec I for a 20year old?

[Kenix]

I would like to know, any offense if i ride without the insurance?

 

It's an offence to ride bike without insurance cover, pls don't try on ur luck. Ur license being revoke still ok but worse if u get into accident.

[BelozZ]

Anywayy,i thought of buying a bike while gettin insurance on installment scheme..

I Heard From Friends That NTUC Now Couldn't Get Insurance By installment~~

 

anybody can help me out here...

no money pay straight cash insurance....

[RESPECT]

well most insurance has rised their premium..

last yr my dad( 57+yr old) paid $96 for hi FS GN125..this time, he need to fork out $120 for his insurance.. nvr claimed insurance b4 somemore

thought if u gettin older,insurance cheaper?

 

it should increase as his age has touched the mark.

as his age increases , his rate of reaction decreases too

so thats why the increase i guess.

[lawbah]

hi, anybody knows roughly how much is the insurance for a super4. lets say a version S or spec I for a 20year old?

 

Just got 2A license

Spec 1

FR Plate

3rd Party Fire and Theft

1 Subrider

AIG insurance

24 YO

1 Year riding experience (actually 1 year ++ near 2 at time of buying but counted as 1)

$691

 

hello guys... sorry to ask a stupid question, as im quite new here.

 

I just bought my Yamaha X-1R from 1st owner and i have changed the ownership and signed the new insurance from AXA?

 

when coming to 1 year later, i suppose to renew my insurance.

I would like to know, any offense if i ride without the insurance?

 

In my thinking, at the moment i signed an insurance cos the changing of ownership require to do so.

 

Could you please explain about this matter?

 

Thanks in advance.

 

As said by other guys, it is an offence. Please do not do this kinda thing.

 

has anyone compared the quotes from bikeshops and directly from the insurance company ??? price same ???

 

Different price. Bikeshops more expensive by around $50 +- better do yourself if you have time.

 

guys.. i am under ntuc insurance for 1 year already.. can i change to other insurance company like axa? will my NCD still be there if i transfer?

 

NCD will be there. The new company will check with previous company on your NCD.

[lawbah]

Anywayy,i thought of buying a bike while gettin insurance on installment scheme..

I Heard From Friends That NTUC Now Couldn't Get Insurance By installment~~

 

anybody can help me out here...

no money pay straight cash insurance....

 

Hmm get someone who is 21 or above to help you apply for instalmet.

 

Or... since you are thinking of buying, then dun buy first, wait till you have the money to pay the insurance at one go.