Insurance Premium Increment

last SG · 2002-03-21T23:49:00+00:00

my insurance is also expiring in 3 months time. If really so ex then i might change bike liao… can pay 1/4 bike oreadi. too ex. wat is the meaning of excess?...

zhenzhen_11 SG

the insurance indeed increased.. and its for all bikes.. but then the sports bike (full fairings) cateory is increased much more than the other cateories..

*** Advise: If you cant afford to pay the insurance for sports bike.. Get a skipper or RXZ..

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You may be fast, faster than wind, sound or even faster than light..

But you can never catch Time..

sunnyday SG

$1000 for SP???u gotta be joking la...
when i 1st bought...only $350 leh...2nd year i paid $500...now u telling mi $1000???hmmm...if really like that...when time to renew insurance...i think i goin to sell my bike liao...

sunnyday SG

1 shot payment better lor...no need to worry abt installments...n no need to pay the blood sucking interest...i paid 1 shot lor...i think it's better in my opinion

nismoS132 SG

not everyone can pay 1 shot one loh.
u think i dun wan 1 shot clear oso meh?

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nismoS132 SG

dun believe you go down see loh.

when they calculate your insurance premium, they assign you points for every detail.
the higher the points, the higher the premium.

this are how points are assigned.

types of insurance
1st party --> 61
TPFT (3rd party, fire and theft) --> 36
3rd party --> 25

age of insurer
below 21 --> 20
21-25 -> 16
26-27 -> 10
28-30 -> 4
30+ and own car --> 0

driving experience
0-1yr --> 8
1-2yr --> 4
over 2yrs --> 0

claims experience
<5k --> 0
5k-10k --> 5
10k - 15k --> 10
15k-20k --> 15
20k+ --> *special*

this are the ones i have on paper.
now these are the ones i remembered.

vehicle model
aprilia --> 22
daewoo --> 18
ducati --> ??
kawasaki --> ??

honda/yamaha/suzuki/cagiva/others --> 10

vehicle CC
100-299cc --> 8

my points were 74, my premium costs $267.
if soundless says his points are 133, at ntuc, his premium would be $1580 for 1 year.

TPFT(36) + above 21 yr(16) + 1-2yr driving experience (4) + vehicle model [honda(10)] + engine cc [250( Cool ] = 74.

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[This message has been edited by nismoS132 (edited 21 March 2002).]

nismoS132 SG

oh ya
ntuc online quotation thingy not accurate one.
online they quote me $500.
go down in person better. Smile

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Rep150 SG

I heard that Mitsui not covering for fairing bikes liao, gotto change to NTUC. I heard very difficult to claim one. 1 guy tried to claim for his super 4 but got rejected until have to go to court. And the insurance for 1st party is $600 over for 2b bikes. Think gotto get 2nd party better

jungleboy111 SG

I am lost with the pt system....So how do I know how much my insurance costs when i calculated my pts?
Any chart or table for that?

Rep150 SG

go to http://www.income.com.sg/i-insurance/index.asp?login=0

[This message has been edited by Rep150 (edited 22 March 2002).]

Alvin rider79 SG

Can I say something...KEKE...From what I know...There no such thing as 2nd party insurance...What the bike shop is telling is actually or maybe fake....Their 2nd party is onli add fire and thief on 3nd party but the price is diff...Why dun u all try going to ask how much 2nd party insurance cost and then ask 3rd party but add fire and thief cost how much???After asking the price then ask the diff between these two...Like what they cover...The diff in $$$ may not be big but in long term it will hurt ur pocket...This is what i know as i was fool by bike shop b4...I may be wrong abt this...As this is onli a advice to fellow bikers...U may want to try asking....Keep me update on the result......

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4Stokes rules the world.....Mess with best and die like the rest....................This is a computer generated letter,no signature is required.

sunnyday SG

i just did the online quotation...
exactly the same amt i paid for the 2nd year...
$497...

Cover Type: Comprehensive
Insured's Age: 21 to 25
Driving Experience: Over 2 Years
Occupation: Indoor
Model: Honda
Vehicle Registration No:
Year of Registration: 1999
Capacity: 100 to 199cc
No of Riders: Less than 3
Usage: Private Bike
Claims Experience: Nil
Excess: S$250

GST is absorbed by NTUC Income

Gross Premium: S$497
This is a standard quotation, valid for 60 days and subject to NTUC
Income's acceptance.

Originally posted by nismoS132:
dun believe you go down see loh.

when they calculate your insurance premium, they assign you points for every detail.
the higher the points, the higher the premium.

this are how points are assigned.

[b]types of insurance
1st party --> 61
TPFT (3rd party, fire and theft) --> 36
3rd party --> 25

age of insurer
below 21 --> 20
21-25 -> 16
26-27 -> 10
28-30 -> 4
30+ and own car --> 0

driving experience
0-1yr --> 8
1-2yr --> 4
over 2yrs --> 0

claims experience
<5k --> 0
5k-10k --> 5
10k - 15k --> 10
15k-20k --> 15
20k+ --> *special*

this are the ones i have on paper.
now these are the ones i remembered.

vehicle model
aprilia --> 22
daewoo --> 18
ducati --> ??
kawasaki --> ??

honda/yamaha/suzuki/cagiva/others --> 10

vehicle CC
100-299cc --> 8

my points were 74, my premium costs $267.
if soundless says his points are 133, at ntuc, his premium would be $1580 for 1 year.

TPFT(36) + above 21 yr(16) + 1-2yr driving experience (4) + vehicle model [honda(10)] + engine cc [250( Cool ] = 74.

[/B]

nismoS132 SG

er actually 2nd party means TPFT loh, it means 3rd party FIRE N THEFT. then 1st party is actually call comprehensive (means bao kao liao).

the difference between TPFT and 3rd party is that, 3rd party only protect you knock other ppl. TPFT protect you knock others, as well as bike kena stolen and bike kena burn.

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nismoS132 SG

i do online quotation not accurate one, online quote me $500 leh.
i go down they quote me $267. no matter how i play wif the online thing, i can't get $267.
somemore you are above 21, and no longer p plate, how can compare your own insurance wif those newbie bikers.

but it's true, right now newbie biker redo insurance got 1.5k liaoz.

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hideto09 SG

den in my case how? coz when i'm going to renew insurance that time (about 3 more months) my probation period over...thus i'll be considered to have >1 years riding experience rite?

nismoS132 SG

Originally posted by hideto09:
[Bden in my case how? coz when i'm going to renew insurance that time (about 3 more months) my probation period over...thus i'll be considered to have >1 years riding experience rite?

[/B]

hmmmm
i think is 0-1 yr exp.

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sunnyday SG

if u like that say...i must really thank myself for being old...for once...otherwise paying $1.5K for insurance...almost 1/4 of the bike price liao...ridiculous amount if u ask mi...

Alvin rider79 SG

Henry i still dun get u....Isn't it the same meh...

nismoS132 SG

ok... if you buy 3rd party only, the means your bike kena stolen or kena burn. you cannot get money back. only you knock ppl that time, they can claim against you. that is 3rd party.

if you buy TPFT, then your bike kena stolen/burn, you CAN get money back. you knock ppl, they oso can claim your insurance.

2nd n 3rd party don't have excess.

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Alvin rider79 SG

okay...so let say if i buy 3rd party then i bang into ppl...Then who pay...Ha...Ha...Ha...

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4Stokes rules the world.....Mess with best and die like the rest....................This is a computer generated letter,no signature is required.

nismoS132 SG

insurance company loh, then you no need come out a single cent Smile

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