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Things you need to know about car insurance

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Old 22-10-2008, 08:27 PM   #16
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Car insurance will also cover other drivers driving the car as long as he or she is authorized to driver by the car owner. However, the excess may be different.

In your example, assuming a mother's (car owner) excess is $500 and her son is less than 25 year old. If he causes an accident, the insurance company will pay the claim but excess may go up to $2000 as he is a young driver.

In the same example, if the father (assuming he has similar driving experience and in the same age group as the mother) causes the accident, the insurance company will still pay the claim and the excess will likely be the same as $500.

Hence in conclusion, insurance will still pay upon accident, just that the excess maybe different. Hope it helps.
Oh I c. Thanks!

Btw how to give authorisation to be driver by car owner? It must be indicated before signing the insurance agreement right? And the insurance cost will be higher depending on this right?
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Old 22-10-2008, 10:11 PM   #17
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Wink hello

i want to know every thing about car insurance
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Old 26-10-2008, 03:17 AM   #18
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Btw how to give authorisation to be driver by car owner?
Dun need to have written approval, just verbal one will do

It must be indicated before signing the insurance agreement right? And the insurance cost will be higher depending on this right?
Nope, you dun need to indicate it on the insurance unless you want it to be the "named driver". However, including a "named driver" may cause the insurance premium to increase - just like the way excess work as I explain earlier.
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Old 28-10-2008, 04:44 PM   #19
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Car insurance will also cover other drivers driving the car as long as he or she is authorized to driver by the car owner. However, the excess may be different.

In your example, assuming a mother's (car owner) excess is $500 and her son is less than 25 year old. If he causes an accident, the insurance company will pay the claim but excess may go up to $2000 as he is a young driver.

In the same example, if the father (assuming he has similar driving experience and in the same age group as the mother) causes the accident, the insurance company will still pay the claim and the excess will likely be the same as $500.

Hence in conclusion, insurance will still pay upon accident, just that the excess maybe different. Hope it helps.
Hi, i'm new to this car insurance thing. Can I know what does it mean by "excess"? thanks arh.
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Old 28-10-2008, 08:13 PM   #20
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Hi, i'm new to this car insurance thing. Can I know what does it mean by "excess"? thanks arh.
Excess will refers to the cash amount that the car owner must pay the workshop 1st before repair can start. This is because this amount will not be covered by the insurance company.

For example, if a person's insurance excess is $500 and he met with a car accident.

When he goes to the car workshop, he will need to pay $500 before the workshop start to repair his car. The insurance company will be notified and his NCD will be reduced by 30%. After the car is repaired and the insurance company has finished the investigation, the insurance company will then decided if it wants to return the excess ($500) to the owner.

If the owner is not at fault, the insurance company will return the full excess ($500)
The insurance company will also restore the original NCD of the driver before the accident.

If the owner is at fault or partial at fault, the insurance company will not return his excess.
His NCD will not be re-instore.

Hence, please ensure that you do not have a crazy amount of NCB (>$1000) in your insurance policy just because you want to save a bit on car insurance. It's not worth it.

Hope it helps.
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Old 03-11-2008, 03:08 PM   #21
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Excess will refers to the cash amount that the car owner must pay the workshop 1st before repair can start. This is because this amount will not be covered by the insurance company.

For example, if a person's insurance excess is $500 and he met with a car accident.

When he goes to the car workshop, he will need to pay $500 before the workshop start to repair his car. The insurance company will be notified and his NCD will be reduced by 30%. After the car is repaired and the insurance company has finished the investigation, the insurance company will then decided if it wants to return the excess ($500) to the owner.

If the owner is not at fault, the insurance company will return the full excess ($500)
The insurance company will also restore the original NCD of the driver before the accident.

If the owner is at fault or partial at fault, the insurance company will not return his excess.
His NCD will not be re-instore.

Hence, please ensure that you do not have a crazy amount of NCB (>$1000) in your insurance policy just because you want to save a bit on car insurance. It's not worth it.

Hope it helps.
Hi, thanks for the information
when u mentioned about "not to have a crazy amount of NCB....to save a bit on car insurance", does it mean that the higher the NCB, the lower the excess?
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Old 03-11-2008, 05:54 PM   #22
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Age 20.
Just got licence.

WOOOT !! NTUC QUOTE ME 5.3k! Freaking insane ?!
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Old 03-11-2008, 08:25 PM   #23
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For OPC car, the recommended plan is China Insurance (OPC) plan and it comes with an excess of $450

Upon accident, your car will be repair at NTUC workshop

The premium is $3,756.13 with GST.



I would also recommend NTUC Drivo Classic Plan (OPC) and it comes with excess of $500

Upon accident, your car will be repair at NTUC workshop

The premium is $3,896.01 with GST.



(1) Additional Excess - $500 $3,584.33

(2) Additional Excess - $500 $3,428.49

(3) Additional Excess - $1500 $3,311.61



For normal plate car, the recommended plan is NTUC Drivo Classic Plan and it comes with excess of $500

Upon accident, your car will be repair at NTUC workshop

The premium is $5235.92 with GST.



(1) Additional Excess - $500 $4,817.04

(2) Additional Excess - $500 $4,607.61

(3) Additional Excess - $1500 $4,450.53



If you decided to get any of the above plan, we will give you a rebate between $100 to $150 depending on the plan you take.

In addition, we also give you a free street directory.

For info to anyone who wana buy new car and if ur around 20 and just got ur licence?(Parents dont drive) think again. this is the quote i get from sgcarinsurance.net .

Car model : Kia picanto
Age : 20 / P-plate
Date of issue licence : 25th sep
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Old 19-11-2008, 12:31 AM   #24
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guys wana to clear something up....

i am thinking of buying a second hand car but want to put my GF father(20yr driving exp) as the insurer.

does this works?

1) do i need to put her father as the owner of the car?

2) if i or my gf drive, will we be cover under the insurance?

what does this type of insurance call?

tks tks
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Old 19-11-2008, 12:52 AM   #25
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) Driving Experience This refers to how long did you get your driving license and has nothing to actual driving experience. This is measured in number of years

0 to 1 - super super expensive
1 to 2 - super expensive
2 to 4 - quite expensive
more than 4 - safe zone (most insurance company charge lowest rate for 4 years of driving experience, though some company 3rd year will give the lowest rate - eg. OAC under Great Eastern)

Basket the other time ppl tell me is counted as the actual driving experience..
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Old 23-11-2008, 11:58 AM   #26
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if i have less than 1 year driving license and 23 years old. how much will be the insurance?

my ride is 1.3 fit 2008
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Old 23-11-2008, 12:25 PM   #27
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guys wana to clear something up....

i am thinking of buying a second hand car but want to put my GF father(20yr driving exp) as the insurer.

does this works?

1) do i need to put her father as the owner of the car?

2) if i or my gf drive, will we be cover under the insurance?

what does this type of insurance call?

tks tks
1) yes, if your gf's dad is the name (or policyholder) for the insurance, he will have to be the car owner. Or simply, the insurance will be under the car owner.

2) yes, both will be covered as long as both are authorized by the owner, which is ur gf's dad to drive the car. just that there will be higher excess should there an own damage claim. For third party claim, no diff.

All cars under hire purchase will have to buy a comprehensive cover.
Hope i am correct for all the above
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Old 23-11-2008, 12:28 PM   #28
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if i have less than 1 year driving license and 23 years old. how much will be the insurance?

my ride is 1.3 fit 2008
it depends on diff company...
for my, im 26, < 1 yr driving experience, honda fit . opc.

i got it at 2.3k from ntuc income at 2000 excess.

axa quoted me > 3k !!!

You can try sourcing ard la. but i think for our age and band, only the big insurers will be willing to "take the risk" and insure us.
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Old 23-11-2008, 01:01 PM   #29
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wah. so hiong.. think for my case sure jialat
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Old 23-11-2008, 08:59 PM   #30
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HI..

i have question regarding the license experience..

0 to 1 - super super expensive
1 to 2 - super expensive
2 to 4 - quite expensive
more than 4 - safe zone (most insurance company charge lowest rate for 4 years of driving experience, though some company 3rd year will give the lowest rate - eg. OAC under Great Eastern)

if someone is holding 5 years malaysia license, and he convert it to singapore license this year, it is counted as 1 year old new license or 5 years old license?

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Any good website whereby you can get calculated insurance price at 1 click and insurance price comparison among dealer?

Last edited by qintian; 23-11-2008 at 09:02 PM..
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