Motor Insurance

Both the old cat and I did not bother too much about car insurance until Thursday when Lake View came back to inform us of the insurance rates. The cheapest was AIG, priced at $1,852.72, followed by China Insurance at $1,888.08. Manz, and I had thought that it would cost around $1,500... We hurriedly did some reseach on the Internet and found some other companies. I asked Lake View to help us check out the insurance rates for Liberty and EQ. Somehow, I was under the impression that the dealer was supposed to settle everything. Well, apparently not, because Joyce (the lady from LV who was in-charged of insurance application) told me that they do not sell motor insurance for Liberty and EQ, but she can help me to check out the rates anyway.

That got me thinking... wouldn't it be better if I source for the insurance by myself? The rates would probably be cheaper since there will be no commission cost added into the price. Impatient me could not wait. I did some quick research and called MSIG on Thursday evening to request for a quotation. I read reviews online and it seems that this company has quite a number of positive reviews. That night, both of us stayed glued to the Internet, checking out car forums for reviews on motor insurance companies.

The next morning, I called MSIG to chase for the quotation. Wow, it only costs $1,460.43!!!!!! That is at least $400 cheaper than AIG and China Insurance!! Barely 5 mins later, our dealer, G, called us and asked if we decide to source for motor insurance by ourselves. I said yes. He then told me that I have to bring along the motor insurance certificate the next day, else I cannot collect the vehicle! Liew!!!! I didn't know that!!!

I called MSIG again and asked the person to email me the application form. I forwarded it to the old cat and asked him to quickly fill it up. The next half hour was spent answering phone calls from the dealer and the old cat. I quickly applied for urgent half day leave and rushed down to Shenton Way to the MSIG office. Phew, I finally got it settled and got the certificate! Feeling happy and relieved that its finally settled, I went home.

At 4.45pm, the dealer called me again, this time asking me if the certificate has his company name stated there. Liew!! Don't have! He said nevermind, I can still collect the car on Saturday, but I have to get MSIG to include that in somewhere on the cert and have it endorsed with the company stamp. Since MSIG closes at 5.30pm, there was still a bit of time. I called MSIG immediately and requested that they do the amendment on the same day and email it to me so that I can have it printed out. Phew, finally had it settled by 5.15pm! Yay! I am so happy that we have gotten a better insurance deal and I can finally collect my car!