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Old 08-02-2009, 05:19 PM   #46
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Do years of experience count? More years of experience = Insurance Cheaper?

How do they count? The year when u get your driving licence? The day when u got your car n Insurance under you?

Thanks.
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Old 09-02-2009, 11:50 AM   #47
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Do years of experience count? More years of experience = Insurance Cheaper?

How do they count? The year when u get your driving licence? The day when u got your car n Insurance under you?

Thanks.
Driving experience is counted based on the date you got your licence. It got nothing to do with when you got your car insurance under your name.

Generally speaking, the higher the driving experience, the lower the premium. A typical example of how most insurance company work

Driving experience < 2 years - Decline or special quotation (also means special expensive)
Driving experience 2 to 3 years - a bit cheaper
Driving experience 2 to 3 years - cheaper
Driving experience 3 to 4 years - even cheaper
Driving experience 5 and above - cheapest

Note that it differs insurance company to company, some insurance company after 3 years cheapest rating already
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Old 09-02-2009, 11:55 AM   #48
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hi if a car is still under loan, can get Third-party, fire theft coverage?
This one entire depends on the insurer.
Some allow, some don't.
If i am not wrong, the insurance will sell you third party insurance as long as you wish to do so. It does not matter to them if your car is paid up or not.

Hoever, it does matter to the bank / finance company. It is usually the finance company that wants to get a comprehensive coverage. I have yet to come across one finance company that dun need comprehensive coverage. If you know of any, pls let me know. Thinking of changing car le
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Old 09-02-2009, 11:58 AM   #49
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If a car is from parallel importer and is low in model circulation, the spare parts for those models might not be readily available in Singapore, and it might cost more to purchase for accident-related repairs.
Therefore, the insurance premium might be higher.

Cars and models from AD are usually larger in circulation, and due to the economy-of-scale, the spare parts will be more readily available and lower in cost.
Therefore, premium might be lower.
I only know that most insurance company charge 20-30% extra premium for PI cars. Never got to know why. Something new I learn today. Thanks CNG!
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Old 09-02-2009, 02:46 PM   #50
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Driving experience is counted based on the date you got your licence. It got nothing to do with when you got your car insurance under your name.

Generally speaking, the higher the driving experience, the lower the premium. A typical example of how most insurance company work

Driving experience < 2 years - Decline or special quotation (also means special expensive)
Driving experience 2 to 3 years - a bit cheaper
Driving experience 2 to 3 years - cheaper
Driving experience 3 to 4 years - even cheaper
Driving experience 5 and above - cheapest

Note that it differs insurance company to company, some insurance company after 3 years cheapest rating already
okay thanks. Another part..

So am i right to say if insurance under my name for a longer period = to getting NCD?
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Old 09-02-2009, 02:49 PM   #51
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One more Question regarding a thread i made a while back.
http://forums.hardwarezone.com.sg/sh....php?t=2250156

~

Lets say if you car is souped up

Then it has some problem or accidents or for whatever reasons u need to claim insurance..

So the insurance gets voided or what? Cant claim?

Any aftermarket parts. LTA approved or Not. - If I were to use/install them on my car.

Thanks.
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Old 09-02-2009, 03:24 PM   #52
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Insurers require car owners to ensure their vehicles are properly and reasonably maintained, and not to overload the mechanics the car was designed to take.
Anyone should read their insurance contract for further details on "what is not covered" and "care for vehicles".

It is a fact that a souped-up car will add more mechanical stresses to the car components.
Whether an accident is caused by mechanical problems, or road situations, or a driver's failure to comply to safe driving habits, remains an investigative effort on all involved.

Insurers do insure accessories, subject to acceptance and additional premium.
e.g. moon/sun-roof, solar film, CNG installation, etc.
Not all accessories will be allowed though.

Receipts for installed accessories are to be provided to the insurer to establish the claim limit.
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Old 10-02-2009, 09:41 AM   #53
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okay thanks. Another part..

So am i right to say if insurance under my name for a longer period = to getting NCD?
Yes, you get 10% discount every year for not having any accident till max of 50%.
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Old 10-02-2009, 10:17 AM   #54
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will say like i flash my ecu, change it or do some minor mods and adding stuff to make cars go faster void the insurance?

i went to ask.. they tell me subjective.

What if those ppl who lup turbo in their cars?

Thx
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Old 10-02-2009, 10:38 AM   #55
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will say like i flash my ecu, change it or do some minor mods and adding stuff to make cars go faster void the insurance?

i went to ask.. they tell me subjective.

What if those ppl who lup turbo in their cars?

Thx
It *is* subjective.

TC cars have more expensive insurance, so if you install TC, your premium will rise accordingly.

Certain ADs will void the warranty of the part you modified.
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Old 10-02-2009, 05:23 PM   #56
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Hi CNG

I have a COM in riding. I was wondering whether can the 5% can be bring over to car ??
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Old 10-02-2009, 06:15 PM   #57
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Hi CNG

I have a COM in riding. I was wondering whether can the 5% can be bring over to car ??
I also wish it can be done, but unfortunately, the answer is NO.
But you know what, you can always try.
Maybe the insurer might agree to your request.
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Old 11-02-2009, 11:07 AM   #58
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It *is* subjective.

TC cars have more expensive insurance, so if you install TC, your premium will rise accordingly.

Certain ADs will void the warranty of the part you modified.
Mostly i get from PI.. I ask them will void they also tell me subjective. :x

What abt stuff like adding ecu or flashing them?

Thanks.
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Old 12-02-2009, 12:25 AM   #59
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If i am not wrong, the insurance will sell you third party insurance as long as you wish to do so. It does not matter to them if your car is paid up or not.

Hoever, it does matter to the bank / finance company. It is usually the finance company that wants to get a comprehensive coverage. I have yet to come across one finance company that dun need comprehensive coverage. If you know of any, pls let me know. Thinking of changing car le
That was what I thought too. Have to check the loan agreement. Problem is I have not seen any loan document before.
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Old 12-02-2009, 12:32 AM   #60
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to add on:

for AIG, 15% discount for OPC the last time I tried. Not sure whether applies to all makes or just Hyundai only. AIG is a bit different from other insurers as to how the driving experience affects pricing. Every one additional yr of driving experience will affect the premium...very slightly.

Do contact a broker to get a few quotes for you and compare plan featuers.

the above information may no longer apply next mth, the month after next etc etc as insurance companies reserve the right to revise their pricing methods without notification.
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