Nissan Car Lounge - Almera, Juke, Latio, Qashqai, Sylphy, Teana Owners > Latio
Which car insurance you guys are holding?
sengkang:
Seems like insurance under DBS is cheaper than NTUC!
I am renewing mine next month & NTUC is quoting me higher premium (increased S$160 approx).
Thats after all the 50% NCD plus 5% direct discount PLus 5% loyalty discount!
But one point i need to stress, is I have ZERO Excess & on wind screen also. (nobody mentioned this so far). Workshop repair by authorised NTUC workshops.
Now my quoted premium is S$820.64. Will checkout DBS side
zanshen:
Mine is from MSIG from Standard Chartered... quote as below;
Age: 35
NCD: 30% , Latio AT
Premium : S$ 990 (inclusive of GST)
Excess : S$ 300 (can use any workshop)
Free: 80 cash card.
turret:
Hi,
My insurance is expiring in the next few months. As I am a newbie, grateful if anyone out there can share his/her opinion.
I intend to fully redeem my loan before I renew my insurance for the 1-year old car.
Based on the above, can anyone like to share whether I should take up comprehensive or third party (plus fire + theft) coverage considering it is a 1 year old car?
I always come across pple saying no pt to have comprehensive insurance coverage once there is no outstanding loan. - Is that correct? Why is that so?
Thanks first.
Zerogravity:
--- Quote from: turret on June 03, 2009, 09:47:26 PM ---Hi,
My insurance is expiring in the next few months. As I am a newbie, grateful if anyone out there can share his/her opinion.
I intend to fully redeem my loan before I renew my insurance for the 1-year old car.
Based on the above, can anyone like to share whether I should take up comprehensive or third party (plus fire + theft) coverage considering it is a 1 year old car?
I always come across pple saying no pt to have comprehensive insurance coverage once there is no outstanding loan. - Is that correct? Why is that so?
Thanks first.
--- End quote ---
Hi,
My opinion is that if you are going to redeem your loan fully, taking up 3rd party coverage is enough. I recommend taking 3rd party (pure) and not the 3rd party(plus fire and theft). Due to the price difference, if you want to take 3rd party(plus fire and theft), you might as well go for the comprehensive coverage. As Singapore is quite safe (personal opinion again, haha), the chances of your car getting stolen or catching fire is rare, unless you sibei suay. ;D
Why pple will say no pt to have comprehensive insurance coverage once there is no outstanding loan is because it can save you alot of money. You are forced to take comprehensive insurance coverage (which is expensive) in the first place as the bank which loan you the money to buy car is afraid that you got no money to repair car if you kana accident. If you are taking 3rd party coverage and you suay suay kana accident, your "victim" can claim your insurance and although your own car is not under coverage, if you got lobang you can just send the car to your friendly workshop and get it repaired (probably turn out to be cheaper instead).
For me, my car is 3+ years. Bought it 2nd hand and didnt take up any loan. Registered it under my mum's name so that my insurance damage is not that high. Insured by AXA under 3rd party (pure) coverage with 0% NCD, the damage comes up to $660+ for 1 year.
alangohek:
--- Quote from: zanshen on February 26, 2009, 05:08:07 PM ---Mine is from MSIG from Standard Chartered... quote as below;
Age: 35
NCD: 30% , Latio AT
Premium : S$ 990 (inclusive of GST)
Excess : S$ 300 (can use any workshop)
Free: 80 cash card.
--- End quote ---
Mine is from MSIG from Standard Chartered... quote as below;
Age: 30
NCD: 10% , Latio AT
Premium : S$ 1296 (inclusive of GST)
Excess : S$ 300 (can use any workshop)
Free: $80 limited addition Cashcard.
You can either get MSIG from DBS or Standard Chartered. The terms are different. If need help, can PM me. I would be glad to assist.
Btw, I am neither working for SCB nor MSIG. heheh
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