Motor Insurance

thanks...i'll check on that now..

10116 only OMV average for aveo car...
damn...my loan left 14400..
muz top up siah...if i were to sell...

starstruck96 wrote:10116 only OMV average for aveo car...
damn...my loan left 14400..
muz top up siah...if i were to sell...

Have you add the balance of your COE? Actual value = OMV + COE. Your loan settlement is $14K have minus the interest penalty?

starstruck96 wrote:

Captivian_Major wrote:

starstruck96 wrote:juz renewed mine @ 970$ from NTUC.NCD30%.down from 1300$ for 2009-2010.
phew..
converted to revised OPC oso..
now rd tax 126$ per year..
3 years of instalment left...
how do i check my existing value of car?from shops or any govt link website?

bro go the sgcarmart to chk...normal those pricing are from the agent so u can compare ya

u mean the website or ...?

website, bro

Ikon wrote:

Captivian_Major wrote:

Ikon wrote:

Captivian_Major wrote:

Ikon wrote:

Captivian_Major wrote:my renewal letter from existing insurance company quote me $1700!!!!!!!!! need to source for chaeper one....

How much was your premium last year?

last year is $952.....this year shoot up sky high...dunno why

Any accident claim or not?

was hit by taxi few months back.....think they hvnt settle or what...had call them to revise and will revert to me...but i think it will still sky high.....at least 15% or more than last year...

Perhaps due to this, you must check with them and get new quote.

yup..am doing that...now waiting their new quote....

Ikon wrote:

starstruck96 wrote:10116 only OMV average for aveo car...
damn...my loan left 14400..
muz top up siah...if i were to sell...

Have you add the balance of your COE? Actual value = OMV + COE. Your loan settlement is $14K have minus the interest penalty?

oopss..nvr do the latter calculations..not sure wats the balance COE + the interest penalty would look like...

starstruck96 wrote:

Ikon wrote:

starstruck96 wrote:10116 only OMV average for aveo car...
damn...my loan left 14400..
muz top up siah...if i were to sell...

Have you add the balance of your COE? Actual value = OMV + COE. Your loan settlement is $14K have minus the interest penalty?

oopss..nvr do the latter calculations..not sure wats the balance COE + the interest penalty would look like...

COE calculation estimate = COE less number of years % (e.g. COE = 10000, No. of years used is 5 years so it should be 10K less 50% or $5K and add that to your OMV should be the total value of your car at scrap) For loan, call up your finance company and ask them amount for full settlement, that would have offset the penalty already.

BTW you checking all this to get MPV issit?

wah....mpv siah....hahahaha....dats fast hor...hehehehe

stoned wrote:wah....mpv siah....hahahaha....dats fast hor...hehehehe

Of course la, expecting twins ke? Need space, for wife, kids and maid must upgrade liao to MPV

no lar...juz wanna noe how the system in spore works for selling of car ..
MPV ehh..ermmm...subaru exiga GT can??
lalala..

starstruck96 wrote:no lar...juz wanna noe how the system in spore works for selling of car ..
MPV ehh..ermmm...subaru exiga GT can??
lalala..

Sure why not? It's a nice car.

muz noe how the system works mah...
hand itchy...
where to rent cars that offers subaru exiga GT..?
wats the market price for renting MPV say 4d3n?

starstruck96 wrote:muz noe how the system works mah...
hand itchy...
where to rent cars that offers subaru exiga GT..?
wats the market price for renting MPV say 4d3n?

very expensive...hahahaha

stoned wrote:

starstruck96 wrote:muz noe how the system works mah...
hand itchy...
where to rent cars that offers subaru exiga GT..?
wats the market price for renting MPV say 4d3n?

very expensive...hahahaha

It's okay, just tio get the itch out of his hands...

hari raya usage ler...
any recomendation..

Just got my notice to renew insurance. Another year, another 10% less but overall AXA quote me $1119 for this year and it was $1200 for last year. Every year our car depreciate by 10% minimum but the insurance premium doesn't make any sense! It either remain the same or less by 7% to 8%.

I'm looking at other insurance company, damn was loyal to AXA for the last 3 years, they kotok you for that. Anyway I have already got some quotes and it seem the cheapest this year is from Chartis (formerly known as AIG). Talk to the agent last night, he mentioned that this policy got complimentary use of vehicle for 10 days in the event of any accident.

So I mentioned to him, I'm driving an OPC car so on normal days I don't need to drive to work and etc, and I don't think so I need the complimentary car and if I can get discount if I don't want to include this option.....he replied it's already in the package, so want or don't want the premium cost the same.

Bro Ikon, have you tried Aviva on-line quote? Also look at MSIG which i am currently using. They give you a $60 petrol card (Caltex) valid for 1 year. When i was scouting around, MSIG gave the best quotes. Good luck.

pussy_lover wrote:Bro Ikon, have you tried Aviva on-line quote? Also look at MSIG which i am currently using. They give you a $60 petrol card (Caltex) valid for 1 year. When i was scouting around, MSIG gave the best quotes. Good luck.

MSIG I tried online and it cost me about the same as AXA $11XX. I have another quote also about $98X but this one is comprehensive any workshop, so will wait for more quotes to come in and compare the perks first before I commit, still have about 3 weeks before I need to get a policy.

bros...can i know wat insurance did u guys signed up and their advantages?....gonna start to scout mine soon liao....

stoned wrote:bros...can i know wat insurance did u guys signed up and their advantages?....gonna start to scout mine soon liao....

You will have to check with the agent at the point of enquiry as the terms and conditions as well as the priviledges changes constantly and depending on case to case basis. Here are the list of those insurance company that you can get quote from:-

Compare Express

Asia Direct

SG Car Quote

Cheap Motor Insurance

Insurance Supermart

You can also google for more quotes. Just enter " Motor Insurance Quote Singapore "

thanks bro...scouting will start very soon....

stoned wrote:thanks bro...scouting will start very soon....

Good luck!

Initialy thought of starting a new topic on insurance then suddenly realise that we already have one going on.

Every year we curse under our breath when the quotation comes for insurance renewal, no choice the law require that we have these before we can drive our cars on the road. The majority of us when it comes to purchasing motor insurance will I guess aske these two questions:-

1. How much?

2. Easy to claim?

and I can bet that most of us don't even read the policy.

So I hope this topic jump starter will further enhance our knowledge of what we are paying for and also it will make us more aware when it comes to insurance claims and renewal.

Starting off:-

B O L A - Barameter of Liability Agreement
This is something the insurance company will base how much liability each party in an accident need to pay. Simple enough, this will speed up the claim process, less headache for the insuring company. However do take note, you are still entitle to contest the liability under legal recourse.

If your liability is less than 20%, you will also not lose your NCD. - This sentence is very powerful if you match that agains the last sentence in the previous paragraph!

Just got my renewal notice from MSIG. Was quoted $866.99 (include GST) at 50% NCD and if i renew a month before my insurance expire, MSIG will provide me with a $300 car grooming package. Rather have a $300 discount on my renewal. Anyway, my last premium was $896.00 with $60 petrol voucher. I'll still look around for other quotes but if the difference isn't much, will probably stick with MSIG and get my ride groomed at the same time.

pussy_lover wrote:Just got my renewal notice from MSIG. Was quoted $866.99 (include GST) at 50% NCD and if i renew a month before my insurance expire, MSIG will provide me with a $300 car grooming package. Rather have a $300 discount on my renewal. Anyway, my last premium was $896.00 with $60 petrol voucher. I'll still look around for other quotes but if the difference isn't much, will probably stick with MSIG and get my ride groomed at the same time.

Good for you bro, did they mentioned which grooming company the $300 pacakge is referring to? The package can "refresh" your car looks