Hi, anyone can recommend me a good car insurance for this car?

for cheap insurance, there's really only one around, NTUC. but you probably heard of all the stories with ntuc what with own limited workshops, hard claims etc. but tat said, i believe most of the ppl here are with ntuc.

mine is $950 with NTUC.

This car is under my wife's.... NCD 30% premium 1668 excess 1500 .... reasonable

Seriously??

I've heard romours that the govt actually reviewed the 8 and said that it was 3.7k!!!!

Please tell me this is not true...

Could you guys share how much is the insurance rate currently as i'm 23 this year.

Thanks guys...

hi

if you are 23 yrs old and first time driver with 0 NCD, i seriously think that your insurance will be low for any car

check with NTUC, i think they will give you a quote within a minute. just call in. i will not be surprised it is more than 2.5k at least. one way is to use your parent's name with older age and higher NCD.

good luck

and drive safe

mine is $950 with NTUC.

yo bro,

u still can sqeeze some more juice out of NTUC.

call them n tell them u want to go direct wif them n not thru a broker +5%

and if u 2 years plus wif them , can haggle for loyalty discount another 5%.
by rite is 3 years but by left if u manja wif them, 2 yr plus oso can get

I'm paying $824 for my 2nd yr insr. 50% NCD + 10%.
Excess $1500

I even asked wat if i have good driver record from TP, still got disc?
I got a feeling they wanted to slam down on me liao but politely told
me that's the max liao.

if you are 23 yrs old and first time driver with 0 NCD, i seriously think that your insurance will be low for any carI think you meant the insurance will be high for any car. Like you said, alternatively can register the car under parents name. Don't think can transfer NCD, right? So eventually still need to build up NCD for oneself, but should do it with a vehicle that is cheaper to insure so don't lose as much to insurance co.

I think you meant the insurance will be high for any car. Like you said, alternatively can register the car under parents name. Don't think can transfer NCD, right? So eventually still need to build up NCD for oneself, but should do it with a vehicle that is cheaper to insure so don't lose as much to insurance co.

this is true ...the main issue here is his age...once he reaches 30 (or 31), the premium will be slightly lower. However the NCD still plays a major part.
Anyway, if rich enough to buy 8 at 23, then should not have problem paying the insurance lah ..hehe

me still struggling with studies when i was at 23 ...damn the FYP :cussing:

yes. NCB can be transferred.
i transfer my mum NCB to me of 50% and i am paying about $1300+ for it.
Maybe i am 27/28 age thats why more exp.
Now my mum got zero NCB. hahah

yes. NCB can be transferred.
i transfer my mum NCB to me of 50% and i am paying about $1300+ for it.
Maybe i am 27/28 age thats why more exp.
Now my mum got zero NCB. hahah

NCD, you mean.
anyway, i do not know that NCD can be transferred..mmm , not bad if your parents are willing to sacrfice for u.

mine is 3900 from ntuc during 1st yr

mine is 3900 from ntuc during 1st yr

That is cut throat manzzz!! 3.9k!!

I got mine previously from NTUC, $2.5, access $2.5. But that's immediately after I've totaled my previous ride with a $55k claim. Loaded big time and 0 NCD...still cheaper than urs...

!!!

Haizz...

Just as what i'm afraid of. This is my 4th year driving actually and the 8 is intended to be a 2nd car. The first car is already under my parent's name. I'm actually planning to get the 8 without their knowledge. Erm...Kind of like a surprise?? Hehe...

Anyway, thanks for the help!!

!!!

Haizz...

Just as what i'm afraid of. This is my 4th year driving actually and the 8 is intended to be a 2nd car. The first car is already under my parent's name. I'm actually planning to get the 8 without their knowledge. Erm...Kind of like a surprise?? Hehe...

Anyway, thanks for the help!!
Would be better if the RX8 under ur parents name & the other car under urs.

mine - 30 with 0 NCB, 100% claim including M'sia - $2528, access 2K

reasonable? thru PI one, kena "tok" ?

Is it AIG?

i got offered 4.1K (NTUC) from my PI today, so damn high, so i bargained and he made an offer that if i can find another insurance lower than 3.8K, he will proceed with that. Any1 know which insurance can offer a better price? im 24 comin 25 with 0 NCD.... :mad:

jav3n: you might want to try Royal & Sun Alliance or AXA. Coz your age is considered young driver (until you reach 26), so confirm will be higher than normal. And if you have a short driving experience of less than 3 years, it will not work well for you.

just got my insurance letter today,,,,, nahmia ntuc increased it from 1100 to 1750 - and all i did was have some minor scrapes here and there only ---- bloody shylocks

haha old man buy personnel insurance is more X, but come to RX-8 insurance is CHEAP CHEAP...mine is $750 NTUC after 55% NCD

RX_EGG: Wow! That's cheap! Eh... can share how old are you? *grinz*

RX_EGG: Wow! That's cheap! Eh... can share how old are you? *grinz*

THIRTY EIGHT !

eh i think i not wrong my ins is abt 3.2k for 1 year u know hmm i need to go home and check... u guys talkin abt 1year or 1mth?

if your car insurance is $3.2k per month or even $750 per month... then i strongly suggest that you change it. Unless of course you are driving a ferrari or mesarti. Even then, I also don't know how much it will be. But for RX-EGG's insurance premium, good siah!

Cant wait to be 38!!!

Lol! Why don't be "cant wait to be 48"? :P I suspect the premium will be even lower. lol!

wha i not sure leh... coz im now away from home.. but i reach home i sure check... when i get back home i will post on this thread again can?

Hmzz......sorting out my insurance issues as well, my ride is here but yet to collect n haven decide on my insurance. Apparently, according to my 2 insurance broker, theres only 3 insurance company locally will quote for an 8. AIG, AXA n NTUC. AIG needs the driver to posses 30% NCD. Choices super limited loh.

Also, my dealer + 2 other insurance broker advise me against NTUC. its definitely the cheapest though. Any tots? tks

Go for NTUC if you want cheap coz it's "No Trouble Until Claims" company (for motor insurance). :P Coz my previous workshop guy told me that they don't like NTUC claims coz always very slow. Worse one is China Insurance.

As for the other 2, didn't hear anything bad except that AIG is expensive. So ultimately, it is up to you. :)

My 5 cents worth.

As a consumer point of view, we wanna make the most of our money(least). Whether or not the workshop likes the insurer or not, its not our problem. Isnt it so?

There are plenty of workshops that are hooked up with NTUC and definitely, if youre worrying tt there wont be anyone entertaining your needs, is unfounded.

Then again, if youre doing a 3rd party claim .. im sure many will welcome you with arms wide open.

Imperatively, rx8 is a mass produced car where parts are commonly available. (Correct me if im wrong though) where any Tom Dick and Derek can easily access to the OEM parts, so no worries.. choose NTUC. Hahaha.

NTUC spokesman...... - Strip sticker sponsor by NTUC....

Have recently asked AIG (the insurance I'm on) for a quote in order to do my sums for buying 1 Rx8 (soon hopefully). I'm 28 with 50% NCD. Update you guys in a day or 2 when they come back with the quote but through the phone, they muttered something they deem this to be performance car and likley to be high, don't think the myth that insurers treat the 8 as a 4 door car exist any more?

Not with AIG.

Its been days and i've so far only receive quotes from AXA and NTUC. tink AIG is hesistant to quote or something........

yeah I'm still waiting from AIG too...

still no quote from AIG but i've signed with AXA liao.

Guys,

Just got my quote:

AIG $1,667 (750 excess)
NTUC $1,098 (2k excess & designated workshops)
NTUC $1,390 (2k excess & any workshop)

Me age 34, NCD 50% w "Good Driver Discount"

Asking for a quote from AXA to see how it is...

And yes.... finally getting my 8 on thursday :ylsuper:

Guys,

Just got my quote:

AIG $1,667 (750 excess)
NTUC $1,098 (2k excess & designated workshops)
NTUC $1,390 (2k excess & any workshop)

Me age 34, NCD 50% w "Good Driver Discount"

Asking for a quote from AXA to see how it is...

And yes.... finally getting my 8 on thursday :ylsuper:

I'm still waiting for my quote from AIG but since you got it already thanx!. Which PI did u get your 8 from?

Guys,

Just got my quote:

AIG $1,667 (750 excess)
NTUC $1,098 (2k excess & designated workshops)
NTUC $1,390 (2k excess & any workshop)

Me age 34, NCD 50% w "Good Driver Discount"

Asking for a quote from AXA to see how it is...

And yes.... finally getting my 8 on thursday :ylsuper:

Hi tincup, where did you get your 8 from? Garage R? I talked to them and they said delivering a Red 8 this thurs..
can share with us the price and specs? thanks

Garage R sent me a quote for the 6AT today via email. Can forward to it if you want. PM me your email.

Sorry guys, just got back from Brussels....

You are right Bro Eisho, the red 8 at Garage R is mine.... Collecting it tomorrow......

In case you need to know.... here's the skinny on my 8

Price paid : 97k
OMV : 30k
COE : 12.6k

Comes with Bose sound system and keyless entry and some other stuff thrown in... All in, I don't think it's that bad a deal. Not the cheapest, but the higher OMV & COE does balance it out. However, I think the 2 key factors that are more important are:
1) the service has been excellent and they delivered when they said they would deliver, in short, I can trust them to deliver on their word
2) the workshop behind it is well equipped to handle all the servicing and maintenance, which you can't get with many of the other PIs.

Just my 2 cent's worth, but I don't know if I got the cheapest deal around, but I do know that I've compared around and it's about average, but more importantly, it was a good buying experience.

For bros who are thinking of getting an 8 and do not want to face the horror stories we have all heard about the other PI's I'd strongly recommend Garage R. Just go look for June or her sister Lee.

Cheers

Sorry guys, just got back from Brussels....

You are right Bro Eisho, the red 8 at Garage R is mine.... Collecting it tomorrow......

In case you need to know.... here's the skinny on my 8

Price paid : 97k
OMV : 30k
COE : 12.6k

Comes with Bose sound system and keyless entry and some other stuff thrown in... All in, I don't think it's that bad a deal. Not the cheapest, but the higher OMV & COE does balance it out. However, I think the 2 key factors that are more important are:
1) the service has been excellent and they delivered when they said they would deliver, in short, I can trust them to deliver on their word
2) the workshop behind it is well equipped to handle all the servicing and maintenance, which you can't get with many of the other PIs.

Just my 2 cent's worth, but I don't know if I got the cheapest deal around, but I do know that I've compared around and it's about average, but more importantly, it was a good buying experience.

For bros who are thinking of getting an 8 and do not want to face the horror stories we have all heard about the other PI's I'd strongly recommend Garage R. Just go look for June or her sister Lee.

Cheers

Yeah, I wrote into Garage R too and they sent me a quote with an attached file of the specs, it was about 95000 i think. After I wrote back to clarify some figures and mentioned to them what I really wanted was a very basic 8 hur... I'm still waiting for their reply. In any case, are you comfortable with the 1 year warranty? I did ask them if they have option to increase warranty with premium but they said dont have. I agree that they are probably experts in high performance cars but to I guess I'm probably not their type of customer, ha ha ha.....Got a pretty good offer from Kruise Auto today that has a 3 year warranty with Monster Garage, might consider that..

Bro SushiFan,

I don't think they are going to be able to drop the price by much for a basic model, but who knows..... anyway, they just moved into their new premise, so prob a little busy...

The deal with Kruise doesn't seem half bad and with Monster Garage providing the warranty, what more can you ask for.... just make sure that in the event of a recall, they take care of everything too...

Good luck looking for your 8 bro...

Bro SushiFan,

I don't think they are going to be able to drop the price by much for a basic model, but who knows..... anyway, they just moved into their new premise, so prob a little busy...

The deal with Kruise doesn't seem half bad and with Monster Garage providing the warranty, what more can you ask for.... just make sure that in the event of a recall, they take care of everything too...

Good luck looking for your 8 bro...

I drove past monster yesterday... workshop looks a bit small leh... hur hur...

Yes I am seriously considering the Kruise-Monster Package with HYCARZ close running second.....Vincar third....Prob will plan for the car to come before Christmas.

Guys,

Just got my quote:

AIG $1,667 (750 excess)
NTUC $1,098 (2k excess & designated workshops)
NTUC $1,390 (2k excess & any workshop)

Me age 34, NCD 50% w "Good Driver Discount"

Asking for a quote from AXA to see how it is...

And yes.... finally getting my 8 on thursday :ylsuper:

Hope to see u soon.

Moganon: u own an 8 too?

Damn people you all need to look into erie insurance (if its available in your state) I pay 850 a year with full tort and a 500 ded. I also have a pioneer driver rate applied so my first accident would be waived. Just thought that I'd put my 2 cents in thanks

Damn people you all need to look into erie insurance (if its available in your state) I pay 850 a year with full tort and a 500 ded. I also have a pioneer driver rate applied so my first accident would be waived. Just thought that I'd put my 2 cents in thanks

ermmm okie... i take it that you are not from .sg :D! ha ha ha...

nope and I'm new here can u tell?? sorry... I'll keep to myself for a while longer

cos we never heard of the insurance company you mentioned at all ha ha ha... insurance companies in .sg are quite standard, mostly the big players.... and the local NTUC brand.

Moganon: u own an 8 too?

Yes of cos, I hav 756 posting in the forum.

Do I know u?

Moganon: u own an 8 too?

yes and no................his 8 is different........have gul wings, can fly wan! :eek:

Yes of cos, I hav 756 posting in the forum.

Do I know u?

nope, but I'm just trying to get more knowledge about the car.......

nope, but I'm just trying to get more knowledge about the car.......


Maybe we will meet on one of the overseas outings.

:)

overseas? ha ha ha... we'll see. I'm going to Japan coming early April..

Hope to see u soon.

Bro,

Sorry for tardiness, but as is obvious, I'm not too regular in this forum, but it's been a few too many crazy weeks of travelling. Probably won't get any breather until April or may

Just got my 8 and loving every minute of it.... no surprises there... haha.... Defintely hoping to swing over to your place some day to check out the old neighbourhood, but gotta get past this period first

Anyway, just got my car and already thinking of spending more.... checking out some rims this weekend... thinking of 18s, but just wanna look around for something I like.... getting more aded cost everyday mate.... :)

Will call if I'm swinging over yah....

Cheers

yes and no................his 8 is different........have gul wings, can fly wan! :eek:

Oh really? love to see it someday, should be nice.

Oh really? love to see it someday, should be nice.


ITS here
My LSD Vertical Door (http://www.rx8club.com/showthread.php?t=89526)

Guys,

Just got my quote:

AIG $1,667 (750 excess)
NTUC $1,098 (2k excess & designated workshops)
NTUC $1,390 (2k excess & any workshop)

Me age 34, NCD 50% w "Good Driver Discount"

Asking for a quote from AXA to see how it is...

And yes.... finally getting my 8 on thursday :ylsuper:

I just renew my NTUC insurance today at the Branch offices.
I went there cos I would like to find ways to lower my insurances.

Initial I was paying $1690 with 20% NCB and $1500 excess

The lady told me that I can get an additional of 5% if I sign a letter stating that I do not want the Agent.
and additional of 8% if I take an additional $500 excess (so total excess will be $2000).
Next year can get another 5% for staying with them for 3 years.

I paid $1480 (20% NCB, so if with out NCB the actual premium is $1850)

Forgot to mention, I'm 32 years old.

So I believe that if u are 34years old and with 50%NCB.
Your NTUC insurance can't and should not be higher than mine.

morganoh, catch no ball with your insurance renewal, sounds really complicated....but I guess you still got it cheaper and that's more important?

morganoh, catch no ball with your insurance renewal, sounds really complicated....but I guess you still got it cheaper and that's more important?

OK here I go again.
What I had for last year NTUC insurance. Though an agent.
Excess of $1500.
Actual Premium = $2113,
with 20% NCB = $1690

NOW
Sign a letter to bypass the agent. (cos Agent earn 5% of my premium)
Now the insurance is NTUC selling directly to Me no agent in between.

So the premium is $1690 - 5% = $1605 (save $85)

and I increase my excess from $1500 to $2000, for that another 8% deduction on the premium

So the premium is $1605 - 8% = $1478 (save $127)

In conclusion the final Premium I paid is $1478 (saving a total of $212)
for an insurance at 32 years old with 20% NCB and an excess of $2000.

Hope that u understand.

OK here I go again.
What I had for last year NTUC insurance. Though an agent.
Excess of $1500.
Actual Premium = $2113,
with 20% NCB = $1690

NOW
Sign a letter to bypass the agent. (cos Agent earn 5% of my premium)
Now the insurance is NTUC selling directly to Me no agent in between.

So the premium is $1690 - 5% = $1605 (save $85)

and I increase my excess from $1500 to $2000, for that another 8% deduction on the premium

So the premium is $1605 - 8% = $1478 (save $127)

In conclusion the final Premium I paid is $1478 (saving a total of $212)
for an insurance at 32 years old with 20% NCB and an excess of $2000.

Hope that u understand.

Yup, see what you mean this time though I thought normally we want less excess? I guess it is a trade off between premium and excess, AIG's is like excess $750 but premium higher. And me still waiting for AIG to respond after 1 month.. hur hur... this is becoming unbecoming of AIG... take 1 month to give me a quote..

Got my insurance quote from AIG today, my goodness, close to $1700 for $2500 excess based on 50% NCD and 5 % COM......*faint*.

Would NTUC or AXA be any better?

confirm ntuc will be better.

DF, i didnt know u were spokesman for NTUC

I just renew my NTUC insurance today at the Branch offices.
I went there cos I would like to find ways to lower my insurances.

Initial I was paying $1690 with 20% NCB and $1500 excess

The lady told me that I can get an additional of 5% if I sign a letter stating that I do not want the Agent.


Today I was told by NTUC hotline that there will not be any additional discount even bypass the agent. Therefore it would be the same premium whether to get direct from NTUC or thru agent.

Is this the latest decision by NTUC?

Today I was told by NTUC hotline that there will not be any additional discount even bypass the agent. Therefore it would be the same premium whether to get direct from NTUC or thru agent.

Is this the latest decision by NTUC?

I went down to the office during Feb. and they give me the 5% discount.

Maybe its becos, few days or weeks ago, the Straits Time came out with an article stating that Insurance company are losing money in the motor industry . and they are all going to raise the premium, it order to cover back the losses.

But up till now no company had done so, as everyone is waiting for someone to Start 1st. So the only thing NTUC can do now is not to give any furthur discount.

Thats what I think, may not be true.

Hi im a financial advisor and just happened to come across this tread. You can PM me if u r interested to get car insurance quotation from various car insurance company from me. I'll get back to you asap.

Just some honest opinion, NTUC maybe cheap but it takes ages for you to claim even for minor stuffs. So if you are very concerned with claims i suggest you take on some other more efficient company such as AIG. (btw im not from AIG so it's not a biased promotion)

Hmm.. didn't know that financial advisors can give insurance quotation leh. I oso have a 'financial advisor' friend from AIA, so I guess technically he is also not from AIG, right?

Hmm.. didn't know that financial advisors can give insurance quotation leh. I oso have a 'financial advisor' friend from AIA, so I guess technically he is also not from AIG, right?

Yes your normal AIA insurance agent can also sell u the AIG car insurance too.

Thanks bro... I know that. Just wondering if Choco is also a non AIG affiliated "financial advisor" from AIA that can give us insurance quotations that are "not a biased promotion". If so, I'd be interested to see how low the premiums would be from other insurance companies compared to NTUC.

Hi im a financial advisor and just happened to come across this tread. You can PM me if u r interested to get car insurance quotation from various car insurance company from me. I'll get back to you asap.

Just some honest opinion, NTUC maybe cheap but it takes ages for you to claim even for minor stuffs. So if you are very concerned with claims i suggest you take on some other more efficient company such as AIG. (btw im not from AIG so it's not a biased promotion)

I agree in one way or another...but bear in mind we're talking about having an excess ranging from 1k-2k when driving an 8. So if it's really a minor claim, no one in his/her correct sense of mind would proceed with such a claim against his/her own insurance and affect their NCD, correct me if I'm wrong. And if it's a major claim, longer claim time wouldn't be much of a factor since the car should technically take a longer time to repair...my 5 cents worth.

Thats what I think, may not be true.

Thanks for your comments.

I think it is a matter of time the insurance companies will increase the premium .......... at least for now their first step is not to give anymore "by-pass" discount !?

Today I was told by NTUC hotline that there will not be any additional discount even bypass the agent. Therefore it would be the same premium whether to get direct from NTUC or thru agent.

Is this the latest decision by NTUC?

I honestly do not know there is such an offer by NTUC. I would reccomend you to go back to the person who told you that there is such an offer. That's the only way to clarify your doubt.

Thanks bro... I know that. Just wondering if Choco is also a non AIG affiliated "financial advisor" from AIA that can give us insurance quotations that are "not a biased promotion". If so, I'd be interested to see how low the premiums would be from other insurance companies compared to NTUC.


Well im actually from Prudential and I specialised in life insurance, but i can help you with motor insurance from other companies as prudential does not have general insurance. Sometimes it's not abt how low the premium is but whether ur claims can work (if you knw what i mean). just my 3 cents worth:)

Ahhh... interesting thread (coz I doing insurance... heh heh... )...

Anyway, some background, I have been with AIA for 8+ years and am a tied agent with AIG. However, at the same time I currently work with a insurance broker to provide motor insurance quotations from about 8-9 other insurance companies to provide a wide range of choices for my clients... While I do not focus on motor insurance as my main line of income, I do transact about 6-8 motor insurance deals per month...

More interestingly, I've recently brokered a deal with one of the main insurers in Singapore to provide a special discounted package for Rav-4 cars in Singapore. i.e., Rav4 owners who get their motor insurance through us will get a cheaper rate than when quoting through other brokers from the same company...

The insurer in this scheme is already currently one of the main insurer for Rav4 cars in Singapore and I would say for about 80% of the time, they provide the cheapest rate and with this new scheme, the insurance premiums for Rav4 cars under this scheme would be truly rock-bottom! (Not those who charge high den say give discount blah blah blah...). BTW, this Rav4 scheme should kick-start in about 2-3 weeks time when we finalise all details... :)

I can try to broker another deal for the RX8 owners in Singapore but the insurers would expect a certain take-up rate, i.e. we have to hit a certain number of cars... at the same time, NTUC is currently already have very good premium rates for RX8 cars and would be hard to fight... but I do not mind trying to see if we could get a deal out of this if Singapore members in this forum would support this scheme if I ever get it hammered out...

Maybe a show of support would be good... anyone for it? :)

Thanks!

yup lets see what deal we can get

yes I would be keen too. BTW, anyone knows what's the current market rate for the RX8 by NTUC for 30 year old @ 20% NCD?