Commercial Vehicle Insurance

[Headshok]

hi guys,

 

Need some input:

 

I'm about to get a double cab pickup ( 2nd hand), was sourcing around for some insurance quotes, one agent got back to me with like a quote of almost $2k and tells me that premium for commercial vehicles increase year by year ( not like normal car, go down year by year due to NCB)

 

i know the NCB cap is like 20%, but wtf, commercial vehicle so expensive meh?

 

pick up will be registered under personal name ( no company involved) and this is possible as it is a double cab. But is it true insurance for these kind of vehicle so expensive?

 

thanks in advance guys

 

cheers

[Maddriver]

  On 9/8/2010 at 5:07 AM, Headshok said:

hi guys,

 

Need some input:

 

I'm about to get a double cab pickup ( 2nd hand), was sourcing around for some insurance quotes, one agent got back to me with like a quote of almost $2k and tells me that premium for commercial vehicles increase year by year ( not like normal car, go down year by year due to NCB)

 

i know the NCB cap is like 20%, but wtf, commercial vehicle so expensive meh?

 

pick up will be registered under personal name ( no company involved) and this is possible as it is a double cab. But is it true insurance for these kind of vehicle so expensive?

 

thanks in advance guys

 

cheers

 

I paid 1.5K comprehensive last year for my berlingo..This year quoted 1.7K..No claim before..20%

[Fcw75]

It is true. Premium always increasing.

 

Caddy - $1.7K

Hilux Single Cab - $1.5K

Cabstar - $3.4K (2 claims lah)

 

 

[Sons_of_singapore]

U should try to call a insurance broker for more comparison before confirmation.

[Headshok]

hi guys,

 

thanks so much for the help

 

love ( no homo) you guys!

 

but anyway, i understand insurance goes up ( in general across the board ) every year, but it does not specially increase every yr just because the vehicle is a commercial vehicle?

[Little_prince]

in general all insurance increase across the board in recent yrs... not just commercial vehicles

[Lectrosphere]

bro, what ride you looking at? my triton single cab premium abt 1.7

[Fcw75]

Actually does anyone knows where to do the thick thick bar for the deck for pickups?

 

Yep, my single cab hilux is $1600.

 

Basically we are under the mercy of the insurance companies since we need insurance to use the car on the road and to renew road tax.

 

Everytime they keep saying they losing money therefore premium have to go up. Pray tell, which company wants to keep doing a business that keep losing money?

Edited September 8, 2010 by Fcw75

[Furrynadz]

twincab insurance/road tax more than single cab pickup/van due to seating capacity

[Lectrosphere]

hi bro,

[Fcw75]

  On 9/8/2010 at 8:03 AM, Lectrosphere said:

hi bro,

 

Hi, wassup?

[Neutralsg]

  On 9/8/2010 at 5:07 AM, Headshok said:

hi guys,

 

Need some input:

 

I'm about to get a double cab pickup ( 2nd hand), was sourcing around for some insurance quotes, one agent got back to me with like a quote of almost $2k and tells me that premium for commercial vehicles increase year by year ( not like normal car, go down year by year due to NCB)

 

i know the NCB cap is like 20%, but wtf, commercial vehicle so expensive meh?

 

pick up will be registered under personal name ( no company involved) and this is possible as it is a double cab. But is it true insurance for these kind of vehicle so expensive?

 

thanks in advance guys

 

cheers

Suggest you check around because you may get a better deal than the car agents if you check directly wiz the insurers.

Have a nice day

Edited September 8, 2010 by Neutralsg

[ER-3682]

Yes,my Nissan double cab's insurance is $2200,while my 370Z is only $1945.

[Gkscarmart]

Hi, I just gotten an used VW Caddy 1.9 TDI of about 7yr old. The lowest comprehensive quote I got is $1643, excess of $500, from Allianz. For 3rd party with fire and theft, it is about $1300+, so no much different. Just chose the comprehensive.

[Headshok]

hi guys!

 

Thank you so much for the info.

 

Really useful to me. Dam insurance is a killer :( sians. but also bo bian. max NCD for commercial is 20% rite?

 

Anyway, again, love ( no homo) u guys!

 

cheers!

[Alvin87]

it ex man

[Soniakwok]

Yup, i think it's better that you shop ard for cheapest prices in the market. I'm an insurance broker, contact me at soniakwok@ymail.com, if you're interested. Cheers. =)

[Buckinghamshire]

Hi, I am paying $1240 after 20% NCD for my 5 yr old Opel Combo CDTI. It is under the comprehensive plan by AXA and the excess is $500.