Vinil 1st Gear June 4, 2021 Share June 4, 2021 Dear all don't you think Singapore Car insurance companies need to offer more discounts for cars with additional safety features . people are paying top dollars for the extra features and it really reduces the possible risk on the road. Do you think it is fair for those paying the extra dollars, pay the same insurance premium as those don't have those extra safety features ?? ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Kopites Supersonic June 4, 2021 Share June 4, 2021 (edited) 21 minutes ago, Vinil said: Dear all don't you think Singapore Car insurance companies need to offer more discounts for cars with additional safety features . people are paying top dollars for the extra features and it really reduces the possible risk on the road. Do you think it is fair for those paying the extra dollars, pay the same insurance premium as those don't have those extra safety features ?? Sure more discount mean higher premium. You alright with it? Edited June 4, 2021 by Kopites Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic June 4, 2021 Share June 4, 2021 Tan kuku 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic June 4, 2021 Share June 4, 2021 maybe there is no data to show that certain feature(s) do lead to fewer accidents. so for now, discount is still based on NCD and safe driving record. Link to post Share on other sites More sharing options...
inlinesix Hypersonic June 4, 2021 Share June 4, 2021 Singapore has too many insurers for 500k private vehicles. Motor insurance Premium is sensitive to claims incurred. Other than top 5, none of them achieve economies of scale. There are not enough car or data to support these vehicles mentioned. Link to post Share on other sites More sharing options...
inlinesix Hypersonic June 4, 2021 Share June 4, 2021 20 minutes ago, Blueray said: maybe there is no data to show that certain feature(s) do lead to fewer accidents. so for now, discount is still based on NCD and safe driving record. I have loyalty discount 😜 Link to post Share on other sites More sharing options...
Invigorated Supercharged June 4, 2021 Share June 4, 2021 Please don't give them ideas, they will end up charging more for those who don't have all these extra features. Relatively speaking, ur safer car will comparatively pay less then. Where got hear them make u pay less one 1 Link to post Share on other sites More sharing options...
badlammy 6th Gear June 4, 2021 Share June 4, 2021 I eat brown rice, healthy grains and organic food too. 😅 1 Link to post Share on other sites More sharing options...
bsswan 6th Gear June 4, 2021 Share June 4, 2021 More safety features makes drivers more complacent and whilst these features do protect lives and injuries, they don't stop cars being written-off. With all the tech, and features, write-offs are easier for insurance companies to justify because they are just too expensive to fix what with costs for 12-airbags+, cameras, sensors, wiring, LIDAR etc. Link to post Share on other sites More sharing options...
Vinil 1st Gear June 4, 2021 Author Share June 4, 2021 @Kopites most of the western countries cars with more safety features pays less premium compared to those with less safety features. Link to post Share on other sites More sharing options...
Ahwhye 5th Gear June 4, 2021 Share June 4, 2021 (edited) Safety features are to save your life, NOT TO SAVE YOU MONEY! want to save money? consider bus mrt walk... Edited June 4, 2021 by Ahwhye 1 Link to post Share on other sites More sharing options...
inlinesix Hypersonic June 4, 2021 Share June 4, 2021 4 minutes ago, Vinil said: @Kopites most of the western countries cars with more safety features pays less premium compared to those with less safety features. That's because: 1. Insurer in those countries use pure risk-based premium; & 2. Most importantly, economies of scale. Link to post Share on other sites More sharing options...
Vinil 1st Gear June 4, 2021 Author Share June 4, 2021 Why our premiums never go down even during covid restrictions most of the cars are parked at home . Link to post Share on other sites More sharing options...
Daniu82 Supercharged June 4, 2021 Share June 4, 2021 I think you get a car insurance broker to help you find lower price insurance renewal is more practical. Link to post Share on other sites More sharing options...
1fast1 Supersonic June 4, 2021 Share June 4, 2021 Yes, I expect insurance companies to provide more discount at my whim. I also expect unicorn to visit me on my birthday to sing me a special song. Look, even getting insurance companies to play fair by honouring claims against drunk and unlicensed drivers is apparently too much to ask in Sillypoor, why are you fixated on ridiculous wishes? 7 Link to post Share on other sites More sharing options...
BanCoe Hypersonic June 4, 2021 Share June 4, 2021 We also pay extra dollars for MIW with supposedly extra simi 4g /5g features ....... welcome to the most expensip tin can of 6 million sardines in the world ........ cheaper to indeed take grab or teksi than owning a car here , no insurance, no parking charges stress ( some public car parks got peak hour surcharge some more ) , sammans , waxing n washing charges ....... list goes on n on..... strange thing is that in Sg as the car gits older the premium somehow never comes down 5 Link to post Share on other sites More sharing options...
Ahwhye 5th Gear June 4, 2021 Share June 4, 2021 car get older? of course premium must chop gao gao also mah......wait coe expire liao how to chop? Link to post Share on other sites More sharing options...
Brass 6th Gear June 4, 2021 Share June 4, 2021 (edited) 2 hours ago, BanCoe said: We also pay extra dollars for MIW with supposedly extra simi 4g /5g features ....... welcome to the most expensip tin can of 6 million sardines in the world ........ cheaper to indeed take grab or teksi than owning a car here , no insurance, no parking charges stress ( some public car parks got peak hour surcharge some more ) , sammans , waxing n washing charges ....... list goes on n on..... strange thing is that in Sg as the car gits older the premium somehow never comes down There's always the option of 3rd party, but if your car gets burnt by an exploding PMD (no thanks for whoever who failed to regulate it well before all the PMD fires occur) or got stolen by punks, the Government says it's no business of theirs because you need to buy 3rd party to save money when they could have nudge for lower premium as cars become older. The risk of cars self immolating is too low to justify higher insurance for older cars 😂. Edited June 4, 2021 by Brass ↡ Advertisement Link to post Share on other sites More sharing options...
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