Thursday, November 24, 2016

Premium for motor insurance

Mr. Tan,
Car prices have dropped due to lower COE. Will the motor insurance premium also drop?

REPLY
The motor insurance premium does not depend on the price of the car. It depends on many factors affecting the type of cover, the type of vehicle, driving experience of the owner, etc.

This is explained in the video here:
www.tankinlian.com/learn

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