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shahitler
25th May 2007, 11:51 AM
ANYBODY knows how to calculate the formula of car insurance cost?:icon7:

eric7925
6th June 2007, 02:51 PM
Hi there!
Generally, motor ins premium is calculated based on various factors which includes driver age, marital status, sex, occupation, driving exp, past 3 yrs claim exp & insured car model specification. Premium will be given discount based on NCD (10-50%), ofd frm TP(5% for 30-50% NCD owner), loyalty dis(10-25%) & promo dis(5-10%). All in all each individual can save up bet $50-300 frm various general ins companies when comparing quotations.