Car insurance doesn't go down

• Glen999

  18 Nov 08, 16:15

  Hi,

   

  i bought a vios in 2005. insurance about SGD1k.

  after 3 years, the insurance is also about 1k. why?

  i would think the insurance fee should be lower because my car value goes down.

• Xcert

  18 Nov 08, 16:27

  Originally posted by Glen999:

  Hi,

   

  i bought a vios in 2005. insurance about SGD1k.

  after 3 years, the insurance is also about 1k. why?

  i would think the insurance fee should be lower because my car value goes down.

  did U go around looking for quotations?

  Different quotes from different companies can vary quite a lot.

  Any claims in the 3 years U have been driving?

• Glen999

  19 Nov 08, 15:05

  no claims. feel cheated. damn.

• lianamaster

  19 Nov 08, 21:50

  $1k for a year? Pretty cheap liao. Current insurance for new cars are at least $2k for those below 30 yrs old.

• Glen999

  20 Nov 08, 17:06

  but i would expect the insurance fee will go down together with the car value....isn't this the norm? or common sense?

• the Bear

  20 Nov 08, 17:14

  Originally posted by Glen999:

  but i would expect the insurance fee will go down together with the car value....isn't this the norm? or common sense?

  
  it isn't just the car they're insuring.. they're also insuring people getting mashed, and all that

• lianamaster

  24 Nov 08, 21:58

  Originally posted by the Bear:

  
  it isn't just the car they're insuring.. they're also insuring people getting mashed, and all that

  Hiaz... in the current economic uncertainty...everything goes up... sucks!

• nick34

  2 Dec 08, 18:03

  You will only see the decrease in price when you have 50% NCD with 5% COM from TP...

  1k premium - 55% you go calculate you will know .. those with 20-40% NCD can forget about low premiums as the premiums for automotive just increase by quite abit around aug08

   

• lianamaster

  2 Dec 08, 22:35

  Originally posted by nick34:

  You will only see the decrease in price when you have 50% NCD with 5% COM from TP...

  1k premium - 55% you go calculate you will know .. those with 20-40% NCD can forget about low premiums as the premiums for automotive just increase by quite abit around aug08

   

  Yea... my aunt got those you mentioned... Even so... it's still at a rather substantial cost.... Imagine those who don't have those NCD and stuff.. can vomit blood...

• carbikebus

  3 Dec 08, 13:37

  SG like that,COE goes down,Insurance went up.Road tax went down,ERP went up like no one bussiness.This is "Natural resources" in SG courtesy by Gahmen.

• lianamaster

  4 Dec 08, 09:44

  Originally posted by carbikebus:

  SG like that,COE goes down,Insurance went up.Road tax went down,ERP went up like no one bussiness.This is "Natural resources" in SG courtesy by Gahmen.

  

• Subaru WRX

  4 Dec 08, 09:48

  Originally posted by Glen999:

  Hi,

   

  i bought a vios in 2005. insurance about SGD1k.

  after 3 years, the insurance is also about 1k. why?

  i would think the insurance fee should be lower because my car value goes down.

  car got change name anot? owner of car how old? try other insurance company and ask for quotation lah. can do it on the phone. or straight ask for those 3rd party insurance company to check for u. they will call all the existing insurance company and ask for quotation and check which are the cheapest for u.