Dear all, Just need your comments on the premium quoted by my insurance agent for renewal.

Car: Forte 1.6 SX (2012)

Year 2012 - Sum Insured is 82000 and the premium was 2371 (b4 NCB).
Year 2013 - Sum Insured is 74000 and the premium was 2176.5 (b4 NCB).
Year 2014 - Sum to be Insured is 67000 and the premium quoted was 2439 (b4 NCB).

Claim - made a claim at end of last year after a minor accident. Hit & Run when the car was parked at a shopping mall.

The figure doesn't sound very logical for me. Car value depreciated, from 74K to 67K but then there is an increase in the premium.

Thanks for your valuable opinions.