Premiums not always higher for older cars
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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, with five years' driving experience and zero NCD.
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