Insurance Renewal after Total Loss

[Melvinnn]

Hi guys,

 

anyone have any experiences on renewing insurance after total loss ?

 

I've claimed a total loss from my own insurance at about 70k.

 

I'm looking to buy another car now, but my concerns are whether any insurance co will take me ?

 

My previous policy was done in this manner.

 

A has no valid driving license, A is the owner.

 

B is named driver.

 

C (which is me) driving the vehicle at that point of time, which is claiming total loss.

 

If buying another car, will insurance for all A, B, C be affected ? Can A still be the owner ? Or probably no insurance co will accept ?

 

Anyone has any experiences or great info to share ? Please advise, thanks in advance!

[Pippo20]

The owner of the insurance policy will bear all the additional loading..

[SimonTan]

Better just ask first before buying the car!

[Melvinnn]

so in this case B and C will not be affected?

[Naruto13]

ur case seems complicated.

 

if a non driver can "cover" the loading, everyone can be a name driver of the non driver to get a cheaper rate.

somehow depending how the insurance tag the loading.

 

only industry player/insurance agent might know.

 

buying resale vehicle? maybe find some online insurance agent and seek their advise and obtain quote too.

[Wreckwrx]

A will get hit the worst....

 

C can expect some loading if u try to register a car.

 

Only B is safe.

[Naruto13]

A will get hit the worst....

 

C can expect some loading if u try to register a car.

 

Only B is safe.

 

if base on example, just register car under B name and drive under unamed driver.

provided C is not young or P plate, if not excess is above 2k.

 

anyway C is a risk base on the claim already.

[Melvinnn]

icic.. anyone have any experience after claiming total loss, still got insurance co want to take the policy ?

[Furrynadz]

if A is the owner, the insurance will be under A name

how can u claim 70k under whose insurance

 

A will be the one doing the total loss claim

 

[Melvinnn]

hmm but C is the driver.. so if C intends to get a car under his own name.. will his premiums be astonishing high ?

 

anyone with experiences of total loss and get another car's insurance, how badly affected is the premium ?

[Csyip]

Sorry to hijack and revive this old thread.

 

I'm ashamed to admit my own car got totalled by own damage, whack against wall.

 

Now I'm getting another car but is not sure if any insurance company will take me, and if they do, how much premium they will charge?

 

My total loss claim is at $51k.

 

Any experienced ones can share some knowledge?

[Darryn]

Sorry to hijack and revive this old thread.

 

I'm ashamed to admit my own car got totalled by own damage, whack against wall.

 

Now I'm getting another car but is not sure if any insurance company will take me, and if they do, how much premium they will charge?

 

My total loss claim is at $51k.

 

Any experienced ones can share some knowledge?

 

Best to just call and ask for quote - BEFORE you buy a car.

 

[Jefkking]

Premium can range from S$ 12K to S$ 20K depends on :- (Have client claimed before for about S$ 80K for total lost & his next ride was S$ 16K premium- Civic 2.0M)

- aged of drivers / owner

- occupation of owner

- last claimed amount & risk concerned

- model & type & market value of intend to purchase car etc

[Yardo]

I believe the cause of the total loss also will be looked into. If the loss was caused by reckless or drink driving, the premium will relatively be higher.

[Matchy]

it is a urban legend that after total loss will increase the premium by alot...

 

the threshold is $30k and subsequently each $30k increment

[SGCMmaomao]

A will get hit the worst....

 

C can expect some loading if u try to register a car.

 

Only B is safe.

 

Not true, cos at the point of time A was not the driver. So he/she dose not need to declare anything. C can buy car, he can choose not to declare this claim but if there's anything happen...again..the insurance company can throw his case out wo compensation.

[SGCMmaomao]

A will get hit the worst....

 

C can expect some loading if u try to register a car.

 

Only B is safe.

 

Not true, cos at the point of time A was not the driver. So he/she dose not need to declare anything. C can buy car, he can choose not to declare this claim but if there's anything happen...again..the insurance company can throw his case out wo compensation.

[RS4]

Any one with $20k claim? how much is your premium at next renewal?