Bluepica 4th Gear March 27, 2009 Share March 27, 2009 Hihi, What is the difference if you renew your motor insurance thru a broker OR ask for quote direct from insurance company OR thru a bank? Which the latter usually got freebies (eg. petrol voucher, car grooming....etc) So far now only DBS offers $80 petrol voucher for Driveshield and underwrite by MSIG. Any feedback on this ins. comp? I remember last year when I renew my old car insurance, got $80 petrol voucher and a car grooming session, and one month later sold my old car, got pro-rated refund from MSIG, they didn't ask me to pay back the freebies ↡ Advertisement Link to post Share on other sites More sharing options...
JJ_TAN Neutral Newbie March 28, 2009 Share March 28, 2009 This is coming from someone who actively help others source for more value for money insurance quotations. The main advantage of using an agency to source quote is the convenience. You often have to fill just one form and have one point of contact to be able to get different quotations. Moreover, agency will also help you dig out certain info (like claim history). There are more than 20 insurance companies offering different range of benefits which may be suited for different criteria of drivers. For instance, some insurance companies set the age for "young driver" at 23 while others at 26. The loading for different makes of cars would also differed among insurance companies. A good agency will have the expertise and knowledge to help you source for the most value for money insurance coverage, based on individual's driving profile, in the most hassle free and efficient way. Link to post Share on other sites More sharing options...
Picanto 3rd Gear March 28, 2009 Share March 28, 2009 Hihi, What is the difference if you renew your motor insurance thru a broker OR ask for quote direct from insurance company OR thru a bank? Which the latter usually got freebies (eg. petrol voucher, car grooming....etc) So far now only DBS offers $80 petrol voucher for Driveshield and underwrite by MSIG. Any feedback on this ins. comp? I remember last year when I renew my old car insurance, got $80 petrol voucher and a car grooming session, and one month later sold my old car, got pro-rated refund from MSIG, they didn't ask me to pay back the freebies it may be cheaper to use a broker. they have volume sales with insurance companies. therefore they are in a better position to negotiate a better rate. Link to post Share on other sites More sharing options...
Siemens60 Clutched March 28, 2009 Share March 28, 2009 i had been using broker for a few years le... realised they can get better quote... pm me if u need the contact... must clarify that i have no interest in the company... Link to post Share on other sites More sharing options...
Busker888 1st Gear March 28, 2009 Share March 28, 2009 Have a question abt excess for windscreen. My sis who bought a Volvo got a quote from the in house insurer which include a $100 excess for windscreen. My ride a Jap car insurance $0 excess for windscreen. Any bros knows the reason ? cos it's a Conti ? Thks Link to post Share on other sites More sharing options...
Busker888 1st Gear March 28, 2009 Share March 28, 2009 (edited) Now they do ask for the refund - to be deducted from your refund amt. MSIG guys told me too many people have been doing it so cannot tahan liao. Hihi, What is the difference if you renew your motor insurance thru a broker OR ask for quote direct from insurance company OR thru a bank? Which the latter usually got freebies (eg. petrol voucher, car grooming....etc) So far now only DBS offers $80 petrol voucher for Driveshield and underwrite by MSIG. Any feedback on this ins. comp? I remember last year when I renew my old car insurance, got $80 petrol voucher and a car grooming session, and one month later sold my old car, got pro-rated refund from MSIG, they didn't ask me to pay back the freebies Edited March 28, 2009 by Busker888 Link to post Share on other sites More sharing options...
JJ_TAN Neutral Newbie March 29, 2009 Share March 29, 2009 For windscreen coverage, different companies have different excess level, some with $100 excess while others have zero excess. Link to post Share on other sites More sharing options...
Orangepineapple Clutched March 29, 2009 Share March 29, 2009 you can try stanchartunderwritten by MSIG also. it was the lowest quote i garnered through my own research. got $80 cashcard too. about those brokers, i went to quite a number of them but only a few bothered to reply to me. some called me up and guaranteed 'next working day reply' but in the end also no news. maybe my car is insignificant and low value and so they choose their business? hmm Link to post Share on other sites More sharing options...
Picanto 3rd Gear March 29, 2009 Share March 29, 2009 you can try stanchartunderwritten by MSIG also. it was the lowest quote i garnered through my own research. got $80 cashcard too. about those brokers, i went to quite a number of them but only a few bothered to reply to me. some called me up and guaranteed 'next working day reply' but in the end also no news. maybe my car is insignificant and low value and so they choose their business? hmm maybe your model is those accident prone type? Link to post Share on other sites More sharing options...
Kb27 Supersonic March 29, 2009 Share March 29, 2009 you can try stanchartunderwritten by MSIG also. it was the lowest quote i garnered through my own research. got $80 cashcard too. Last Nov, stanchart offer msig with $80 cashcard to me. In the end I went with dbs offer msig also but with $88 cashcard, $8 more but I get to pay by monthly installment. Link to post Share on other sites More sharing options...
DarkSide Neutral Newbie March 29, 2009 Share March 29, 2009 I have just renewed my insurance a few days ago. Most brokers quote me absurd amount for my ride and finally settled on talking to insurers myself. Using the brokers quote as markers, I found that direct deal is cheaper for me. But that's only for cash deal, no monthly... For monthly budget payments, think only brokers can help.. Also, read your insurance coverage details carefully....Cheaper doesnt necessarily be the same, even for same insurers. Cheers! Link to post Share on other sites More sharing options...
Redplanet Clutched March 29, 2009 Share March 29, 2009 Pls PM me if you are an agent. Link to post Share on other sites More sharing options...
Redplanet Clutched March 29, 2009 Share March 29, 2009 maybe your model is those accident prone type? Can you name some? Link to post Share on other sites More sharing options...
Picanto 3rd Gear March 29, 2009 Share March 29, 2009 Can you name some? WRX Link to post Share on other sites More sharing options...
Bluepica 4th Gear March 30, 2009 Author Share March 30, 2009 DBS offer $80 petrol voucher, StanChart $80 cashcard... both by MSIG... I think cashcard better hor... cos use petrol voucher got no pump discount. Link to post Share on other sites More sharing options...
Orangepineapple Clutched March 30, 2009 Share March 30, 2009 i dun think so.. my model is exactly the same as your nick Picanto bro, a KIA Picanto 1.1A OPC somemore. here are some of my quotes for example brokers: RSA: 1.6k (got 2 quotes) India insurance: 1.7k own research: AXA: 2.5k MSIG: 1.3k NTUC: 1.6k Link to post Share on other sites More sharing options...
Orangepineapple Clutched March 30, 2009 Share March 30, 2009 yeah i also think cashcard better somemore is 'specially designed' got stancart and msig logo on it haha Link to post Share on other sites More sharing options...
Ender Hypersonic March 30, 2009 Share March 30, 2009 (edited) Go thru broker is convenience and sometime can get a little freebies (not much value). But from my previou experience, the quote they get is the same when source by yourself. If you're a AA member, you can get AA as the broker, and it's a further 10% discount, this can be very substantial discount especially when the premium is above $1000++. Edited March 30, 2009 by Ender ↡ Advertisement Link to post Share on other sites More sharing options...
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