Motorcycle insurance

[benji99]

My insurance with direct asia is due tis month 26th.......but I hv sold my bike. Call them up to tell them to cancel my insurance but I need to pay $53plus first. Anyone knows wat is these fees are? Is there got "auto renewal"? That even I didn't reply them? Anyone can help? Thks

[dwg]

Did you not ask them what the $53 is for when you were on the phone? Never had a problem with DirectAsia, always had good service from them and evverything is pretty straightforward and transparent.

[benji99]

Was told by them, it was becos I cancel it.......? Tats why I feel funny abt it. Even they "auto renewal" my insurance, I'm not been inform. And they insist tat they hv sent out the letter, which I didn't receive it at all.

[leong77]

Agreed Bro, I prefer dealing with ppl and not machine. And I overheard my friend (who is an established Agent) that DIrect is up for Sale. Still prefer the Big Players.....

[arilim]

'Hi all,

 

New rider, just got my class 2b license yesterday.

 

I own a Honda Phantom TA200 that Is almost 13 yrs old w 2.5 years COE left. The bike is under layup n going for inspection tomorrow.

 

I am 19 years old going 20 as of this year and I have a class 3 driving license (3 months of p plate left, no demerits points or accidents)

 

Anybody know how to get the cheapest motorcycle insurance around? Any companies to recommend? From what I know, there's AXA, Allianz, NTUC, DirectAsia.

[arilim]

'Hi all,

 

New rider, just got my class 2b license yesterday.

 

I own a Honda Phantom TA200 that Is almost 13 yrs old w 2.5 years COE left. The bike is under layup n going for inspection tomorrow.

 

I am 19 years old going 20 as of this year and I have a class 3 driving license (3 months of p plate left, no demerits points or accidents)

 

Anybody know how to get the cheapest motorcycle insurance around? Any companies to recommend? From what I know, there's AXA, Allianz, NTUC, DirectAsia.

[skyblueblue]

'Hi all,

 

New rider, just got my class 2b license yesterday.

 

I own a Honda Phantom TA200 that Is almost 13 yrs old w 2.5 years COE left. The bike is under layup n going for inspection tomorrow.

 

I am 19 years old going 20 as of this year and I have a class 3 driving license (3 months of p plate left, no demerits points or accidents)

 

Anybody know how to get the cheapest motorcycle insurance around? Any companies to recommend? From what I know, there's AXA, Allianz, NTUC, DirectAsia.

 

Just Google for the name. U can input the Info n the quote is immediate for most.

 

For ntuc I just call them up.

[vickyboy47]

Hi. I have a doubt with regard to the insurance. Should I renew the insurance even if I am not going to use the bike for a while and intend to sell it later??

 

This is my exact scenario. Currently, I have a Class 2B motorcycle. I want to upgrade to Class 2A license. I can start the process on Aug 15, 2014 since I would be completing one year with my 2B license only on Aug 15. But my vehicle's insurance expires on Aug 19, 2014. I am interested in trading in my current 2B motorcycle for a new 2A motorcycle. Ideally, I can buy the 2A bike only after I get the 2A license. And I do not want to renew the insurance for my current bike since I wanna sell it. So, is it allowed if I do not renew my insurance for my current 2B bike, so that I can trade in the bike after I get the 2A license in hand?? your comments are much appreciated. Thanks.

[tkleong]

Just paid my deposit for a 8-year Shadow 400, will be taking it over in next few day after sort out my insurance requirement.

 

I have few questions on insurance, hope you guys can help me out:

 

1. I have been driving car for long time and have 50% NCD. Is this NCD applicable to bike insurance? My guess is not, but I just want to confirm that. ;-)

 

2. With 8 years old Shadown 400, is it worthwhile to go for comprehensive insurance (more for theft), esp that I will be riding to Malaysia on and off. Comprehensive (~$470 with policy excess of $600) is about double the price of 3rd party (~$225). And there is this fine print on the theft coverage: "If your motorcycle has been stolen outside of Singapore, we will apply an excess of 50% of the market value of your motorcycle at the time of the theft, capped at a maximum of S$2,000 in addition to the policy excess.". I am not sure how much does a 8yo Shadow 400 body worth, so can't really decide. Anyone care to share? Assuming that it is $5K, the claim seems to say that I can claim $5K - $2K - 600 = $2.4K, is this calculation right?

 

3. Lastly, I had my 2B license for very long time already, but only gotten by 2A in May 2014. When the insurance company asking for "years of driving/riding experience", I can assume that they are asking for overall experience (which include 2B) right? For NTUC, they specifically asked for "Pass Date of Driving License", which one should I use? The insurance premium varies very much (i.e., $500).

 

Please help. Thanks.

[HimQQ]

Just paid my deposit for a 8-year Shadow 400, will be taking it over in next few day after sort out my insurance requirement.

 

I have few questions on insurance, hope you guys can help me out:

 

1. I have been driving car for long time and have 50% NCD. Is this NCD applicable to bike insurance? My guess is not, but I just want to confirm that. ;-)

 

2. With 8 years old Shadown 400, is it worthwhile to go for comprehensive insurance (more for theft), esp that I will be riding to Malaysia on and off. Comprehensive (~$470 with policy excess of $600) is about double the price of 3rd party (~$225). And there is this fine print on the theft coverage: "If your motorcycle has been stolen outside of Singapore, we will apply an excess of 50% of the market value of your motorcycle at the time of the theft, capped at a maximum of S$2,000 in addition to the policy excess.". I am not sure how much does a 8yo Shadow 400 body worth, so can't really decide. Anyone care to share? Assuming that it is $5K, the claim seems to say that I can claim $5K - $2K - 600 = $2.4K, is this calculation right?

 

3. Lastly, I had my 2B license for very long time already, but only gotten by 2A in May 2014. When the insurance company asking for "years of driving/riding experience", I can assume that they are asking for overall experience (which include 2B) right? For NTUC, they specifically asked for "Pass Date of Driving License", which one should I use? The insurance premium varies very much (i.e., $500).

 

Please help. Thanks.

 

1. The car NCD not able to bring over to Bikes.

2. Not able to advise you

3. The years of driving/riding experience is since the day you get your 2B for bike, 3 for car.

[Tachnicolour]

Just paid my deposit for a 8-year Shadow 400, will be taking it over in next few day after sort out my insurance requirement.

 

I have few questions on insurance, hope you guys can help me out:

 

1. I have been driving car for long time and have 50% NCD. Is this NCD applicable to bike insurance? My guess is not, but I just want to confirm that. ;-)

 

2. With 8 years old Shadown 400, is it worthwhile to go for comprehensive insurance (more for theft), esp that I will be riding to Malaysia on and off. Comprehensive (~$470 with policy excess of $600) is about double the price of 3rd party (~$225). And there is this fine print on the theft coverage: "If your motorcycle has been stolen outside of Singapore, we will apply an excess of 50% of the market value of your motorcycle at the time of the theft, capped at a maximum of S$2,000 in addition to the policy excess.". I am not sure how much does a 8yo Shadow 400 body worth, so can't really decide. Anyone care to share? Assuming that it is $5K, the claim seems to say that I can claim $5K - $2K - 600 = $2.4K, is this calculation right?

 

3. Lastly, I had my 2B license for very long time already, but only gotten by 2A in May 2014. When the insurance company asking for "years of driving/riding experience", I can assume that they are asking for overall experience (which include 2B) right? For NTUC, they specifically asked for "Pass Date of Driving License", which one should I use? The insurance premium varies very much (i.e., $500).

 

Please help. Thanks.

 

2) That would be about right. I don't know what the insurance company would take as the market value of your motorcycle, but there is an OMV listing for your machine on onemotoring. Once you key in the pertinent details as the vehicle owner, it will show up. As for the excess with regards to theft outside Singapore, I previously enquired with AIG and was informed that they had no additional excess for theft outside of Singapore, you may wish to consider that if you travel a lot to Malaysia. This was around 2 years ago and their policy was a bit restrictive in other aspects, as such it did not suit my needs.

[superspeed123]

Most insurance companies only insure bikes for comprehensive insurance for the first 5 years only. After 5 years , only third party or third party with fire and theft.

[Gatts79]

Most insurance companies only insure bikes for comprehensive insurance for the first 5 years only. After 5 years , only third party or third party with fire and theft.

 

Yeah that's right, I wasn't able to get comprehensive for my 7 years old motorcycle even if I'm willing to pay higher premium...

[tkleong]

Thanks for the replies.

 

I finally go with NTUC, which doesn't provide comprehensive for my case. I took 3rd party + Fire + Theft. When doing research, found that DirectAsia does provide comprehensive. I searched for AIG too but motorcycle insurance is no longer listed in their website, so I assumed that they are not in this business anymore. Both Direct Asia and NTUC has 50% excess for theft outside of Singapore, but with different cap (i.e., 2K for Direct Asia, 2.5K for NTUC).

 

Now all settled and just took over the bike today. Now, I am officially a biker (my first bike, so newbie).... ;-) Hope to join you guys for upcoming gathering or outing, and learn more from you guys. Thanks again for all the input. Really appreciate it.

[Rubbermouse]

Hey guys, recently got into a multiple vehicles accident including me, 3 riders behind this car being warned for careless riding. So e car in front of us is claiming on all 3 of us..

 

Anyway quick question is, if our insurance policy (msig) is being claimed, will my premium for next year be increased? And roughly how much increment? Thanks.

[HaiR1]

Hey guys, recently got into a multiple vehicles accident including me, 3 riders behind this car being warned for careless riding. So e car in front of us is claiming on all 3 of us..

 

Anyway quick question is, if our insurance policy (msig) is being claimed, will my premium for next year be increased? And roughly how much increment? Thanks.

 

 

Ofcoz there is

 

 

How much depends on the claim made against u.. Usually company won't disclose how much pple claim from u

[Lance Ngo]

REBORN RIDER

 

Was pretty stoke today acquiring a bike after not riding for the last 15 yrs. Before transferring, was told i needed an insurance policy to my name. Was told that Directasia offer the lowest rate thus decide to visit the office down at south bridge road. Ressie attended to me without any waiting and i was ask various questions. I was asked if I will be commuting to work using the bike and there and then but i wasn't that sure. You see, there are various means that i commute to work such as driving, having my family or friends giving me a ride or I take the MRT which i am quite happy with as I don't need to find parking. Ressie responded that if I dun commute with the bike, the insurance will be cheaper. I then asked Ressie to provide me the quote for if and if i not commute to work with the bike. She seems reluctant but eventually gave in. With the differences, i decided to opt for the cheaper alternative, however, Ressie refuse to proceed with my application mentioning that I might take the bike to commute to work. I explain that I will unlikely ride the bike to work thus would like to purchase the cheaper options. And anyway, i do have other mode of transport to work. She refuses and I ask to speak to her superior. However, she is reluctant to pass me to her superior and mention that the result will be the same. I ask for her superior name (Yvonne Tan from Customer Service) and requested a courtesy call for me to feedback on my experience (Will update if she does call). Thereafter, i walked out of the office without purchasing my insurance cause i felt that if trying to buy an insurance with DirectAsia is already such a fuss, I will likely encounter more issues down the road when there is really an accident. "Touch Wood"

 

Went over to the "Commercial Agency" office beside Ah Boy shop and purchase an insurance with them without much problem. I also enquire about the price difference between NTUC and MSIG which the staff happily quote me.Settled for the cheaper MSIG and was happy to pay even cheaper than what i would have paid at DirectAsia for similar coverage.

 

I am so happy that I will get my bike soon.

 

Maybe I am just unlucky but above is my experience trying to buy insurance for my bike.

 

PS: DirectAsia, this is not a post to shame you but a true feedback from a walk in customer you lost today. You can either take this negatively and view it as an online attack or react positively and change how your frontline staff does things. If being cheap as you claim is about giving up basic common sense coverage, I am afraid I just found a better option for now. Thank You

Edited October 29, 2014 by Lance Ngo

[RaidoN]

Ofcoz there is

 

 

How much depends on the claim made against u.. Usually company won't disclose how much pple claim from u

 

 

Your company will definitely inform you how much the 3rd party is claiming against you.

[Rubbermouse]

Your company will definitely inform you how much the 3rd party is claiming against you.

 

Lets say the other party is claiming me $2k. Roughly how much will the premium increase? Paying almost $500 per year now.

 

Thanks!

[savedqueen]

Short Review on NTUC as a first time independent buyer

 

Hello everyone, I just got my second bike recently through online individual. I got my first bike through a dealer, so everything was no fuss chop chop but of course we all learn that not everything is such a sweet deal afterall. Nonetheless, I rushed down to a NTUC Income office @ Woodlands Civic branch approx 6.05pm, thinking that I might not be able to get the paperwork done because they are closing at 6.30pm. Surprisingly, the lady provided such prompt service asking only the necessary and without any pauses or wait in between allowing me to apply for a new insurance and a delayed cancellation on my current policy. Paperworks were full and surprisingly comfortable environment. As an inexperienced buyer, this is a very positive experience even though I have not visited other companies or branches but I work in retail line and I know a good service when I experience it. Something cool to add on, the prices online were much more expensive compared to the one I was quoted at the counter ($467 vs $384).

 

Good luck to any first time buyers. Hope this helps

 

Cheeers

[Taurian365]

Hi everyone, I strongly believe that the employees makes the company. No matter how big the company is, if the customer service is below par or even average, it will severely impact the company business and reputation. So please do not be under the impression that the bigger the company, the better the service. This might not always be the case. Most of the times, its the smaller players that goes the extra mile to help you out.

 

From what I've been researching so far, Direct Asia is pretty good. AIG is another alternative. NTUC is also a good being a local company but the claiming process is usually painfully long and time consuming.

 

As many peer have already mentioned, the insurance amount depends on a lot of factors. So its best to do your homework by calling/visiting the respective companies and go for the one which best suits your preference.

 

Good luck and peace out.

[azwanfauzi]

Hi guys . I juss pass my 2b license. I already have a bike . The only thing left is my insurance . For example if my dad is using msig for that bike , how much will it cost me to subride the bike ?

[duo]

Hi guys . I juss pass my 2b license. I already have a bike . The only thing left is my insurance . For example if my dad is using msig for that bike , how much will it cost me to subride the bike ?

The cost will be according to your age.

Edited December 9, 2014 by duo

[bikerinpink]

sian how come singapore insurance keep refusing to insure motorbikes now.

i just went 2 brokers and both said they can't do motorcycle insurance

[kaiq]

Why not go directly to the insurer and ask? NTUC still got what.

 

sian how come singapore insurance keep refusing to insure motorbikes now.

i just went 2 brokers and both said they can't do motorcycle insurance