6) Safe Driver Discount This is an additional 5% discount if you do not have any traffic offense or demerit point for the past 2 years. You only get this additional 5% when you have minimum 30% NCB.
For example, your car insurance cost $2000 (before NCB) and you have 30% NCB and safe driver discount, you premium would be $1423 {[2000 – (2000 * 30%)] * 0.95 * 1.07} with GST.
7) Engine Capacity (cc) This refers to your car engine in cc, the lower the cc the lower the premium
8) Year of Manufacture This generally means the year which your car is made/register. Generally, the older the car, the cheaper the premium
9) Body Type This general means the type of car like saloon, MPV, SUV. Some company will charge more for certain type of vehcile
10) Engine Type This usually refers to normal or turbo car engine, It’s important to know that most car insurance company impose higher car insurance premium on turbo cars. Some insurance even reject cars with turbo engine.
11) Gender This is company dependent. Some company charge cheaper for male driver while some company charge female cheaper. Yet for some other company is the same rate. I think it’s base on individual company statics.
11) OPC Car OPC also know as Off peak car (red plate). Some company give 5% discount for OPC (eg. NTUC) while other company gives same treatment.