Mr. Tan,
I just got my renewal for my motor policy. You know what - the premium increased by more than 15% and I did not even make any claim. I called the insurance company and they were arrogant - like take it or leave it. Where can I get a lower premium rate? Motoring cost keeps increasing - petrol, ERP and now insurance!
REPLY
Go to my website, www.tankinlian.com and click on "Ask Mr. Tan". Type "motor" in the search box. You will find a FAQ on motor insurance. Click on "view" to read the document. You will find the link to some insurance companies that can give you an online quote on motor insurance. You may be able to get a cheaper premium.
An alternative is for you to buy non-comprehensive insurance and enjoy a reduction of about 35% in the premium - but you have to pay for the repair cost of your own car. If you have a regular workshop, you can use them for minor repairs. And drive carefully.
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