Switching Insurance - Beware of AIG

[AHYEO]

I stick to royal and son for years

everytime when insurance due, the company that I deal with will help to to source for other cheaper quotes but always comes back that royal and son have the best deal

when I change car, they will also rebate back the unused premiun

[RSG Sagaran]

Thanks all for advice!!!

 

I have quit AIG and went back to previous insurer. Got my 20% NCD, Excess $250(chosen lowest since C&C is not approved list, need to pay double excess to repair at it), Premium: $1520 ($500 less than AIG).

 

Not a single word from AIG why I am leaving them... can companies survive these days without appreciating feedback??

 

About 4 years ago, AIG prematurely cancelled my policy for my 2nd car and refunded the premium because I answered NO to the question in the questionnaire as to whether I have any claims for the last 3 years.  Actually I had a claim from another Insurance about 2 years prior (short of 1 year).  They refused to consider my appeal. In fact I was still insured with them for my 1st car which they allowed to continue.  I had to scramble for another Insurer and fortunately I got AVIVA who accepted me.  Once my 1st car's policy expired I said bye bye to them and went to AVIVA who accepted me with open arms.  So far so good for my 2 cars.  

[Odessus]

The questions insurance companies pose to potential customers play a big part in their risk assessment and therefore premium offered to you. I can understand why they prematurely cancelled your policy. Did they offer you a continuation of your policy albeit at a higher premium?

[Angchug]

Just collected my C180 2 week ago. SE told me the insurance is +$1.5k after 50% + 5% with AIG. I just signed the form given to me.

AIG just charge my credit card $1.48k. It's actually slightly lower than what SE quoted me.

[Ah Bui]

it's only $20 difference.... not $200....

[RSG Sagaran]

The questions insurance companies pose to potential customers play a big part in their risk assessment and therefore premium offered to you. I can understand why they prematurely cancelled your policy. Did they offer you a continuation of your policy albeit at a higher premium?

 

No, they did not offer any option to increase premium.  Simply cancelled the policy.  The irony is that I still had a policy with them for my 1st car which they did not cancel.