Wednesday, July 13, 2022

FACTORS AFFECTING PREMIUMS FOR AUTO INSURANCE / CAR INSURANCE IN SINGAPORE




This is the one time where it pays to be older. Generally, if an insured person is older, the premium will generally be lower. But this is only true up to 69yrs old. Once a person crosses into 70yrs old, most insurer will not want to take up the risk. So for drivers who is 70yrs old, premium are generally higher due to higher risk. Basically, since there are no other benchmarks on driving experience, the insurer will base it on the Date when the Singapore driving license are obtained. Due to the increasing population of Expatriates, Employment Pass holders & Permanant Residents population in Singapore, some insurer DO take into consideration the driving license which the person has obtained from their home country. This generally helps lower the motor insurnace premium that needs to be paid by them. The rule of the thumb would be that the premium will be lower for those Make & Model which has better claim experience.





Another possibility could be also due to a larger brand share of a particular Make & Model which reduces the risk undertake by the insurer. We shall NOT be liable for any gains / losses that may arises from the above information. We shall NOT be responsible for any reference link that may refer you to us. Put it simply, the more you claim, the more expensive will be your neneweal auto insurance premium, This is the part which may cause HUGE increase in Motor Insurance Premium. Due to escalating claims, car insurance rates have increased about almost 50% over the last 3 years. Claims record in Singapore stays with a person for 3 years. Therefore, to keep your premium low, careful driving without claims is one of the best way. Another way is to pay a small fee to preserve your NCD (explained below). Thus, even when you make a claim, your insurance discount will still be effective.





The person will probably have to SELL their car as there is NO insurer that will be willing to insure that person. What is NCD / NCB? They are typically employed to reward policy holders for good driving records. This is being adopted by all motors insurance companies in Singapore. When there is a change in insurer for the motor vehicle insurance, NCDs can also be transferred. For policy holders to continue to enjoy the NCD with the new insurer, insurance companies have to exchange information on policy holders鈥?NCD records. Last, but not the least, you can check with Traffic Police if you have a valid Certificate of Merit (COM aka "White Card"). If so, you stand to enjoy a further 5% on your annual auto insurance quote upon renewal. If you're a Google account login, just with a click of voting has been completed. Thank you for the help.





What is the city and highway range of the 2007 Porsche 911 in miles? The EPA range estimate for the 2007 Porsche 911 is 270.4 mi. 405.6 mi. on the highway. What is the city and highway range of the 2001 Porsche Boxster in miles? The EPA range estimate for the 2001 Porsche Boxster is 287.3 mi. 422.5 mi. on the highway. What is the city and highway range of the 2011 Porsche Panamera in miles? The EPA range estimate for the 2011 Porsche Panamera is 475.2 mi. 712.8 mi. on the highway. What is the city and highway range of the 2009 Porsche Cayman in miles? The EPA range estimate for the 2009 Porsche Cayman is 321.1 mi. 456.3 mi. on the highway. What is the city and highway range of the 2014 Porsche 911 in miles? The EPA range estimate for the 2014 Porsche 911 is 321.1 mi.





456.3 mi. on the highway. What is the city and highway range of the 2001 Porsche 911 in miles? The EPA range estimate for the 2001 Porsche 911 is 253.5 mi. 388.7 mi. on the highway. What is the city and highway range of the 2003 Porsche Boxster in miles? The EPA range estimate for the 2003 Porsche Boxster is 304.2 mi. 456.3 mi. on the highway. What is the city and highway range of the 2006 Porsche 911 in miles? The EPA range estimate for the 2006 Porsche 911 is 270.4 mi. 405.6 mi. on the highway. What is the city and highway range of the 2002 Porsche Boxster in miles? The EPA range estimate for the 2002 Porsche Boxster is 287.3 mi. 422.5 mi. on the highway. What is the city and highway range of the 2014 Porsche Cayenne in miles? The EPA range estimate for the 2014 Porsche Cayenne is 396.0 mi.

No comments:

Post a Comment