Insurance Rates shOoTs uP!

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Insurance Rates shOoTs uP!

Post  starstruck96 on Tue Jun 02, 2009 7:31 pm

got a shock wen i opened the letter from ALPINE CREDIT PTE LTD
stating my Annual premium @ $1594.02 (after 30% NCD, Authorised Workshop + 7% GST)
excess of : $600 policyholders and named driver
$1100 underdeclared named drivers aged 26 & above
$3100 underdeclared named driver aged 26 & below


WTF...
wats all this underdeclared stuff ehh...
sumone pls enlightened me on this..

any other insurance would be much of less then AXA (im using) ?? Crying or Very sad

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Re: Insurance Rates shOoTs uP!

Post  Ikon on Tue Jun 02, 2009 8:10 pm

How much you pay last year and which insurance company?
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Re: Insurance Rates shOoTs uP!

Post  stoned on Tue Jun 02, 2009 8:58 pm

wah so chialat ar shoot up....better get other qoutes hor...
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Re: Insurance Rates shOoTs uP!

Post  pussy_lover on Tue Jun 02, 2009 10:59 pm

Don't understand about this "underdeclared" stuff as never heard of such term. I'm surprised at your premium, so high. But then again we can expect future premiums to go up if you've read the papers lately. That's the reason for inflamed claims since you're already paying so much then might as well make some money with the claims. Suggest you shop around. I checked more than 10 insurance companies before deciding. Anyway, I'm currently with AXA, premium is $885, NCD 30%, excess $200 but only to authorised workshop. No "underdeclared" stuff or named drivers. Good luck...!

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Re: Insurance Rates shOoTs uP!

Post  stoned on Wed Jun 03, 2009 6:17 pm

i think the unamed thing is the excess u have to pay for an unamed driver dat causes the accident...meaning u have to pay more den $600 excess if the driver is not named in ur insurance...just my 2 cents thought...i may be wrong...hehehe
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Re: Insurance Rates shOoTs uP!

Post  Ikon on Fri Jun 05, 2009 2:36 pm

Don't make any sense to me as well. scratch
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Re: Insurance Rates shOoTs uP!

Post  starstruck96 on Fri Jun 05, 2009 7:32 pm

well i source around...
NTUC offering me @ $1300+(gst inclusive)
excess $500.windscreen $100
welcoming gift are $100 Mobil petrol voucher
claims can be made if e car got into accident ..offering @ $50 per day as the car being repaired.personal insurance @ $71 covering $500k.
Great eastern life is @ $1405+
excess 500.
all quotes are in comprehensive.

im on AXA since i bought the car...inhouse appointed insurance.
last yr $900+.
bloody hell....nvr made a claim yet i have to pay a freaking premiums..
reli sickening lar.. Mad No scratch

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Re: Insurance Rates shOoTs uP!

Post  Ikon on Sat Jun 06, 2009 2:53 am

starstruck96 wrote:well i source around...
NTUC offering me @ $1300+(gst inclusive)
excess $500.windscreen $100
welcoming gift are $100 Mobil petrol voucher
claims can be made if e car got into accident ..offering @ $50 per day as the car being repaired.personal insurance @ $71 covering $500k.
Great eastern life is @ $1405+
excess 500.
all quotes are in comprehensive.

im on AXA since i bought the car...inhouse appointed insurance.
last yr $900+.
bloody hell....nvr made a claim yet i have to pay a freaking premiums..
reli sickening lar.. Mad No scratch

Why don't you call the insurance company and bang table, state your argument that you have been with them since year 1 and last year you paid $900 and never claim before and this year they quote you so high even after 30% NCD this is ridiculous. Also mentioned to them how much NTUC is quoting them and if they cannot match or go lower then they will lose a long standing customer, see how they react. Keep us posted here.
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Re: Insurance Rates shOoTs uP!

Post  starstruck96 on Sat Jun 06, 2009 10:07 am

alamak brO...i tak pandai lar BANG table attitude lei...
its not my nature lar..
maybe thats where im the losing customer..
but wat the heck...we consumers mah....can choose whichever insurance rates that will be lower..
anyways insurance rates are shootiNG upwards nowadays..
long standing customer pong dun have freebies wen renewing insurance....a simple thank u oso SUSAH..
Surprised Question silent

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Re: Insurance Rates shOoTs uP!

Post  Ikon on Sat Jun 06, 2009 12:09 pm

The idea is to let them know that their rivals are offering less and they are losing customer.
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