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Thread: Did Car Insurance Premium go Up?

  1. #21
    Senior Member
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    Default Re: Did Car Insurance Premium go Up?

    I go directly to NTUC office to renew my insurance, no agent needed, maybe tats why I get it cheaper?

  2. #22
    Member tony_teo's Avatar
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    Default Re: Did Car Insurance Premium go Up?

    Just renewed mine in Dec. I was surprise when I reviewed the premium and saw it went up by a couple of hundred dollars (about 20%). The reply from my broker was that there is a general increase in premium due to the increase claims. Did not like the price, so when to shop around for a better deal. Finally, settled on AA+HSBC. The premium was a few dollars more than my last premium and the package is pretty good. So, if you are an AA member, can give HSBC a try. Go to the AA site to get a free quote. [Note: I've no dealings with AA or HSBC, except as a customer].

  3. #23

    Default Re: Did Car Insurance Premium go Up?

    guys,

    how expensive is expensive? My 1 year old 1.5l nissan sylphy just got quoted $1600 (no NCD), AIG, can go back to authorised dealers for repairs. I am over 30... engineer occupation.

    Can I get significantly cheaper rate outside?
    Last edited by pisduck; 3rd February 2009 at 07:57 AM.

  4. #24

    Default Re: Did Car Insurance Premium go Up?

    I wonder if the financial crisis has anything to do with this? Most (if not all) financial institutions are badly hit and this includes insurance companies. This could be one way of recouping losses. My renewal is due in May...keeping fingers crossed.

  5. #25

    Default Re: Did Car Insurance Premium go Up?

    Quote Originally Posted by Astin View Post
    I go directly to NTUC office to renew my insurance, no agent needed, maybe tats why I get it cheaper?
    Buying direct is not cheaper.


    Quote Originally Posted by pisduck View Post
    guys,

    how expensive is expensive? My 1 year old 1.5l nissan sylphy just got quoted $1600 (no NCD), AIG, can go back to authorised dealers for repairs. I am over 30... engineer occupation.

    Can I get significantly cheaper rate outside?
    Yes indeed. I know a motor insurance specialist that deals with all the motor insurance companies in Singapore. Hence he would go and get quotes from all the insurer and compare which is the lowest cost for the customer. Its at no extra cost to the customer and whichever insurance company that you sign up through him, he gets the commission.
    Savings of $500 is not unheard of.

  6. #26
    vince123123
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    Default Re: Did Car Insurance Premium go Up?

    Care to share the contact so we can also benefit?

    Quote Originally Posted by zhiz22 View Post
    Yes indeed. I know a motor insurance specialist that deals with all the motor insurance companies in Singapore. Hence he would go and get quotes from all the insurer and compare which is the lowest cost for the customer. Its at no extra cost to the customer and whichever insurance company that you sign up through him, he gets the commission.
    Savings of $500 is not unheard of.

  7. #27

    Default Re: Did Car Insurance Premium go Up?

    Quote Originally Posted by vince123123 View Post
    Care to share the contact so we can also benefit?
    Just pm me with your email address

  8. #28
    Moderator ortega's Avatar
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    Default Re: Did Car Insurance Premium go Up?

    i have tried one of these specialists, but even they could not get me the best quote

    i ended up buying with MSIG, you can get all the insurance companies and get quotes
    before making a decision

    good luck

  9. #29

    Default Re: Did Car Insurance Premium go Up?

    Quote Originally Posted by ortega View Post
    i have tried one of these specialists, but even they could not get me the best quote

    i ended up buying with MSIG, you can get all the insurance companies and get quotes
    before making a decision

    good luck
    you mean msig was not quoted and you diy and got the quote and it was better?

  10. #30
    Moderator ortega's Avatar
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    Default Re: Did Car Insurance Premium go Up?

    Quote Originally Posted by zhiz22 View Post
    you mean msig was not quoted and you diy and got the quote and it was better?
    i mean i diy aig and msig
    the insurance gal came back with quotes but none better than msig

    got credit card promo with petrol vouchers some more

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