Is in-house insurance compulsory?

[iewoug]

hi everyone,

would like some advice from more experienced people here since it's the first time i'm getting a car..

as per subject, would like to know if using the in-house insurance by the deaer (in this case AIG) compulsory?

am asking cos have been told by some friends that it is compulsory..

but i think it is counter-intuitive as TCM is currently offering a $500 rebate off the car price if i get the insurance..so if it is compulsory, what for give rebate right?

i realised AIG is really expensive as i was quoted insurance of S$3.9K++ with excess of S$1K for suzuki swift sport (i'm 27 yrs old and has 6 months driving experience)..so am quite sure for latio sport will not be that much diff...so if the difference between other insurance companies vs AIG is more than S$500, then it makes sense for me to switch..

[limck007]

i think AIG is compulsory ... i vaguely remember that by taking the inhouse insurance i tot there is more rebate or the price is lower.. i think is more than $500...

[iewoug]

yes there is a price rebate of $500 off the car price if we take AIG thru tan chong..

but if an alternative insurance company can provide me a quote with a difference of >$500, why not?

only thing i'm wondering is if i'm allowed to do so by TCM...

[Jazz]

Can, after 1 year lor.

[Ender]

I wonder how about buying from authorised seller, such as ORIX? They get their car from tan chong too.

[iwilly]

authorised dealer also having the same promo as tcm

[Ender]

authorised dealer also having the same promo as tcm

Same promo, are they tied to AIG? i heard maybe not. I may be wrong.

[bryocketh]

heyhey i also got  letter to renew my car insurance for the first time and it's like 3k!!! gdness! so ex! is it coz its inhouse (AIG)or what? please do shed light coz im new at this!

[clarence]

Tan Chong's in-house insurance costs at least 20% more than the cheapest quote you can get from an insurance agency.

[bryocketh]

sorry im very very blur abt all these things. this is the first time i have to renew my insurance, meaning i can switch to a cheaper company now? if yes, any recommendation?

[iwilly]

karen-98199729 nice insur agent she will help u find the lowest 1. wif her 4 yrs liao

[bryocketh]

thx bro, which company she is with?