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Friday, March 3, 2006

Comparison of Motor Premium Rates

We compared the premium rates charged by the key insurers for 10 models of vehicles.

The average premium rate for the 10 models are shown below:

 
Age of car: 1-5 Years 6 Years
NTUC Income $584 100% $534 100%
Company AI $648 110% $635 119%
Company AS $702 120% $675 126%
Company AX $790 135% $774 145%


The premium rates charged by NTUC Income are lower than the other insurers. One insurer charge 45% more than our rates.

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