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Premiums not always higher for older cars

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Not all insurers charge a higher premium when a car crosses the 10-year mark.

Singapore

NOT all insurers charge a higher premium when a car crosses the 10-year mark.

MSIG is one of them, and its motor insurance premium for a nine- and 10-year-old Toyota Corolla Altis is "the same, at over S$1,000 per annum", for a single male, working in the banking industry