Motor Insurance

[Fried Rice]

oMg, why u guys insurance cheaper then mine (26 this year).

My insurance from $200+ increase until $500+ now. How come???

My NCD is 20% currently, no accident and any traffic offence... 5% loyalty discount also.

 

Anyone can answer my question? Premium go up?

 

third party?

[epk]

NTUC, but i have asked for more quotation look like theirs is the cheapest zZzz

 

Maybe too many claims against sp.. that's why.. then people like you want to renew insurance then suffer.

[Hilminho]

Hi Guys, have a question here, my bike is currently under hire purchase with a shop, and my insurance is expiring soon. Is it ok if I go directly to the insurance company directly to renew my insurance rather than going to the shop?

[PolarisX]

Hi Guys, have a question here, my bike is currently under hire purchase with a shop, and my insurance is expiring soon. Is it ok if I go directly to the insurance company directly to renew my insurance rather than going to the shop?

 

Yeah if i not wrong shouldnt be a problem. The insurance company will ask you if your bike is under hire purchase.

[mrpinky69]

Any 1 know a price of insurance now for a S4 Spec 1.... Age 23 5 yrs of riding exp. No NCD.

[driveby]

Anyone know the price of the cheapest insurance now if I just got my bike and under 31?

[driveby]

-double post

[Thiban]

Hi guys.. i used to ride sp for abt 1 year plus. i was under ntuc income. but i had abt 3-4 claims.. whereby 2 of it not my fault. but the other 2 was my fault.. so the motor deparment actually block me from taking insurance. i go other company try to take insurance also under my ic got record sayin got claims so nobody wanna take me. i sold my sp ready now i bought cbr400 from a shop but cannot take insurance where eva i go.. having a big problem gettin a insur for my cbr400.. any advices which company can offer my insur bros?

[SinSeh]

paid $800+ for vespa

NTUC

19 years old P PLATE

[deanz4]

hi there i have a bike with a sub rider... will the insurance show the sub rider name and address??

[deanz4]

and another thing how am i to get my hands on the insurance again can i just ask from the insurance company?? will there be charges?/

[r1der]

hi there i have a bike with a sub rider... will the insurance show the sub rider name and address??

 

It will only shows the sub rider name.

[r1der]

and another thing how am i to get my hands on the insurance again can i just ask from the insurance company?? will there be charges?/

 

U meant get a copy of insurance? Can request a soft copy and print out, should be free one la.

[prettymussel]

i just went n checked out directasia for motorbike insurance quotes, and i was surprised to find that the premiums were close to $200 lower than what i am currently paying to chartis n ntuc!

 

am i missing something or what?

 

any traps that us the consumers might get caught in?

 

anyone with bad experiences or reviews of DA.com?

 

probably will go with DA.com for my next renewals..

[T.D.C]

i just went n checked out directasia for motorbike insurance quotes, and i was surprised to find that the premiums were close to $200 lower than what i am currently paying to chartis n ntuc!

 

am i missing something or what?

 

any traps that us the consumers might get caught in?

 

anyone with bad experiences or reviews of DA.com?

 

probably will go with DA.com for my next renewals..

 

We'll have to hear from someone who has claims experience with them.

 

As for premium, 1 possible reason why DA is cheaper is they look into vehicle usage frequency too I guess...

[di_andrei]

On my insurance agreement there is an "insured estimate of value" - the estimated value of the bike for insurance purposes (for instance in case of theft). No value is entered in the form - just "PMV" - prevailing market value. How is the PMV determined, is there a formula or a record that can be checked?

[dhomosapien]

Hi would you guys go with NTUC or AXA?

For me, tpft would be $350 cheaper with AXA than NTUC.

For tp only, AXA would be $50 cheaper.

 

Not sure which to get and this is my first time.

Need your advice about claims, loyalty discounts etc before I make a decision.

 

Thanks!

[whitepomfret]

We'll have to hear from someone who has claims experience with them.

 

As for premium, 1 possible reason why DA is cheaper is they look into vehicle usage frequency too I guess...

 

What did you mean by vehicle usage frequency?

 

What and who's data do they take into consideration when they compute that? Or is it in the form where they ask: How often do you you intend to use the vehicle? daily, 3 times a week, weekends, monthly ...

[sICkbOi-dOt-cOm]

What did you mean by vehicle usage frequency?

 

What and who's data do they take into consideration when they compute that? Or is it in the form where they ask: How often do you you intend to use the vehicle? daily, 3 times a week, weekends, monthly ...

 

Yes they will ask you how frequent you use the vehicle. Eg. Whats ur total mileage per month/year. :thumbup:

 

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[leong77]

Guys,

 

Insurance industry is the same as other industry. When one newcomer needs business, they will slash the price and try to get market share. When they cannot tahan claims, they will either increase premium or stop insuring.

 

When i choose insurance company, i look at the financial ratings, the size of the company and the support rendered. This will affect how fast the claims being processed. Imagine a motor claim department with 5 staffs handling thousands of claims. Compare to another with 20 staffs, which one will settle claims fast?

 

Guys, its not always the premium. There are many reasons why a company is charging at a premium.

 

Good lucks!!!!!

[hihelpme]

Hi all,

 

I am getting a bike from my friend and his bike is under hire purchase. Bike shop has refused to process the insurance for me as a subrider over a small misunderstanding. I went to AIG to try and get direct from them but they cant process it as bike is under hire purchase from some collective company i presume. What are my options?

[hihelpme]

(double posting)

Hi all,

 

I am getting a bike from my friend and his bike is under hire purchase. Bike shop has refused to process the insurance for me as a subrider over a small misunderstanding. I went to AIG to try and get direct from them but they cant process it as bike is under hire purchase from some collective company i presume. What are my options?

Edited August 29, 2014 by hihelpme
(double posting)

[HaiR1]

(double posting)

Hi all,

 

I am getting a bike from my friend and his bike is under hire purchase. Bike shop has refused to process the insurance for me as a subrider over a small misunderstanding. I went to AIG to try and get direct from them but they cant process it as bike is under hire purchase from some collective company i presume. What are my options?

 

 

 

 

Best option :

 

Pay bike fully

 

 

As long as u r under installment with bikeshop, u have Little or close to No say till your contract is done

 

 

Even IF they allow now, upon completing your installment/"Release Form", they have the "Processing Fee" for u to settle before u r Officially out from their list..

 

Out of sudden the "charges" comes into play..

[niwlen]

Yea not much choice. Should clear the misunderstanding

[SG_Me31]

which insurance company allow 2 subrider? as in owner nt riding and then adding 2 more sub riders.