Singapore Nissan Owners Group
Nissan Car Lounge - Almera, Juke, Latio, Qashqai, Sylphy, Teana Owners => Latio => Topic started by: alangohek on April 08, 2011, 05:24:43 PM
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Hi,
I'm renewing my car insurance and sourcing around for quotes. My current insurer is the MSIG Ultimate Car Protector that I got through Standard Chartered Bank.
Found the Tenet car insurance through one of the online quotation websites. After comparing them thoroughly and reevaluating my needs, one the key deciding factors I have is presented below and appreciate your kind and frank advice:
1. MSIG offer but NOT Tenet: Gap Cover benefits in the event of total loss: Cover outstanding loan if market rate is insufficient to offset the balance amount
2. Tenet offer but NOT MSIG: NCD protector. My NCD is 30% and I have found all other insurance companies offer that when NCD reaches 50%.
Btw, my car is registered in May 2008, mileage: about 76K.
Thank you in advance for any help offered.
Alan
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try directasia n aviva
aviva authorised workshop is tan chong
i am with directasia
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try directasia n aviva
aviva authorised workshop is tan chong
i am with directasia
Thanks but not really concerned whether Tan Chong is the authorized workshop or not =)
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I have hard time every year when it comes to this too. Have to balance between budget and coverage. So far MSIG has the best balance for my Latio. I have been with them since my Year-2 after AIG. The problem is that they are getting abit pricier already.
Here are some add-ons points for decision-making:
(1) The more options you want, you got to pay more.
(2) If you deem that you are overall a safe driver, don't bother about NCD protector until it's 50%.
(3) Cheaper insurances do not cover lotsa things like full settlement for total-loss, all-workshop, loss-of-use etc
Aviva is cheap upfront. But once you add some necessary options, it can be more than MSIG.
Another lower cost option: Tokio Marine.
Hope this helps.
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Thanks, Kel.
My difficult decision considerations are whether to take Tenet on the basis of NCD protector and 14 days ($80 per day) loss of use offered by Tenet instead of my current insurer, MSIG which offer full settlement for total loss, any workshop and a lower loss of use benefits of 5 days ($50 per day).
Tenet is also slightly cheaper than MSIG.
I have hard time every year when it comes to this too. Have to balance between budget and coverage. So far MSIG has the best balance for my Latio. I have been with them since my Year-2 after AIG. The problem is that they are getting abit pricier already.
Here are some add-ons points for decision-making:
(1) The more options you want, you got to pay more.
(2) If you deem that you are overall a safe driver, don't bother about NCD protector until it's 50%.
(3) Cheaper insurances do not cover lotsa things like full settlement for total-loss, all-workshop, loss-of-use etc
Aviva is cheap upfront. But once you add some necessary options, it can be more than MSIG.
Another lower cost option: Tokio Marine.
Hope this helps.
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Thanks, Kel.
My difficult decision considerations are whether to take Tenet on the basis of NCD protector and 14 days ($80 per day) loss of use offered by Tenet instead of my current insurer, MSIG which offer full settlement for total loss, any workshop and a lower loss of use benefits of 5 days ($50 per day).
Tenet is also slightly cheaper than MSIG.
did u try direct asia.com , the prem also quite low ??
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what is the quote different between the two?