Nissan Car Lounge - Almera, Juke, Latio, Qashqai, Sylphy, Teana Owners > Latio

3rd party insurance

(1/4) > >>

header:
I am thinking of switching to 3rd party insurance for my 3yr old latio.  For those who are on 3P insurance, which company offers the most competitive rates?

mindman:

--- Quote from: header on July 07, 2009, 08:27:17 AM ---I am thinking of switching to 3rd party insurance for my 3yr old latio.  For those who are on 3P insurance, which company offers the most competitive rates?

--- End quote ---

3P don;t cover yourself but prem is lower.  So confident in your driving skill ???
cheers

burnolise:

--- Quote from: mindman on July 07, 2009, 10:05:24 AM ---3P don;t cover yourself but prem is lower.  So confident in your driving skill ???
cheers

--- End quote ---

Can someone help to explain what is 3rd party insurance? Meaning if u bang others, this others can claim against ur insurance and when you bang urself, u can't claim from insurance? :confused1: :confused1: :confused1:

Ender:

--- Quote from: mindman on July 07, 2009, 10:05:24 AM ---3P don;t cover yourself but prem is lower.  So confident in your driving skill ???
cheers

--- End quote ---

Sometimes when come to total loss, 3rd party for cars with little market value make more sense. Because isurance will only pay market value, and for old cars the market value is close to scrap+paper value.. Might as well scrap the car and save on those with comprehensive covers.

But if accident is not total loss, then headache especially if repair is like $3K to $4K. If you scrap the car, very sayang, coz could have paid $3K to $4K, and you could be still driving a car. But if you scrapped, the paper value you get back might not be enough to buy a car, and you'll be without a car unless you buy a new one.

burnolise:

--- Quote from: Ender on July 07, 2009, 10:33:55 AM ---Sometimes when come to total loss, 3rd party for cars with little market value make more sense. Because isurance will only pay market value, and for old cars the market value is close to scrap+paper value.. Might as well scrap the car and save on those with comprehensive covers.

But if accident is not total loss, then headache especially if repair is like $3K to $4K. If you scrap the car, very sayang, coz could have paid $3K to $4K, and you could be still driving a car. But if you scrapped, the paper value you get back might not be enough to buy a car, and you'll be without a car unless you buy a new one.

--- End quote ---

Meaning, if my car is new like 1 yr old...i should not get 3rd party insurance right? :confused1:

Navigation

[0] Message Index

[#] Next page