Re: For those with 50% NCD......
patan:
don't bother asking so much here. everyone will have different preferences depending on their financial situation.
This is what I would do:
Step 1. Call iScoupe or Me ( I can get my GI department) to compare which insurer is cheapest for your case & ask for 2 Quotations: With & W/O NCD premium quote
Step 2. Calculate the cost of dropping to 20%.
For eg. If your insurance premium is $4,000 a year now, with 50% discount it would be $2000. Hence, if you were to take the risk, it means you would be paying $3,200 on the 1st year, $2800 on 2nd year and $2400 on the 3rd year before it goes back to 50% which means a total of $1,200+$800+$400 = $2,400
Step 3. Compare this amount (in this case $2,400) with the extra premium you need to pay for the NCD protector.
For example if you need to pay $400 more, it means every 6 years, you can accident 1 time to break even.
Step 4. Weigh your personal risk.
If you feel that you are highly unlikely to Kena every 6 years, then its a bet that you make. It's really your personal confidence in your driving skills. There is no certainty on whether you or the insurance company will win... the world is round.
Step 5. Make a decision and accept what may come.
After choosing the bet, live with it... it's the decision you made so no matter if you have no accidents for 20 years or once every year, don't grumble and complain.
Step 6. React accordingly.
If after a few years and you realize you have been visiting the workshops frequently, then it proves you suck at driving so get the god damn NCD protector.
