asked about Scrap/Export Car

almost 9 years ago

Can i get a refund of the unused portion of my insurance premium if i scrap car before my COE expires?

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1 Answer

Xin Yi

Different motor insurers have different methods of computing refund. Usually it will be (80% of premium) x unexpired period of insurance (days) / original period of insurance (days). No refund if amount is less than $25.

You can check with your insurer if there is any refund on your unused insurance premium.


almost 9 years ago