In this piece, we discuss five tips to get car insurance in Singapore. We examine the factors which affect the price of your car insurance in Singapore, as well as the best options when shopping around for a good deal. This information is valuable to anyone who is planning on purchasing a car in the country. Following this information could help you save a lot of money.
Singaporean motorists are required by law to have insurance coverage.
The law specifies that all drivers must obtain insurance coverage from a fully licensed and accredited insurer. Without insurance, you can be penalised with heavy fines or worse. It is recommended that you search for a fully accredited and licensed insurer online. There are many websites that allow you to compare rates and coverage.
When you sign up for a car in Singapore, you are assigned a named driver.
The names of these drivers are listed on the insurance card issued at time of registration. As mentioned above, Singaporean drivers are required to have insurance; therefore, you need to have a named driver in case of an accident. The named driver should also have an immobile driving license.
One of the most common mistakes made by novice drivers is not making any claims when they meet with an accident.
Under the law, it is one thing to have the required vehicle on the road. It is another thing to have the required insurance. Many drivers have no idea how much they are covered for in case of an accident. For them, it is simply a matter of ‘taking the word’ of the insurers.
Another way to get a lower rate is to take part in the defensive driving course.
This is one benefit that new car owners will receive when they first apply for insurance. If you successfully complete the course and pass all the tests, you will automatically get a claims discount. If your car is equipped with anti-theft devices, you will also be able to enjoy a higher claim-free premium.
Maintaining a clean driving record is another way of lowering your premiums.
Singaporean drivers have to follow a strict law that requires them to drive safely at all times. Any traffic violation will heavily penalize you. Therefore, you will need to keep your driving record clean, free of any traffic violations. It is easy to maintain your clean driving records by getting a Dental Check once every 6 months or so.
In addition to this, newly-licensed drivers may also enjoy discounts on their premiums if they have good driving experience. They are required to have at least three years experience in driving before they can apply for coverage. The three years of experience should have been earned not only by named drivers but also by non-named drivers. You can get a driving license after completing a course. Once your license is granted, you will have to abide by the rules and regulations of the country regarding driving experience.
When getting car insurance in Singapore, it is important to get quotes from different insurers.
This will allow you to compare the rates from different insurers. Make sure that you take note of the additional services that you want to get added to your insurance policy such as breakdown cover.
Aside from your age limit, there are many other factors which affect your premium rates.
Your driving history, the vehicle make and model, the area where you reside, your age, your gender, your driving experience, your driving habits, and the modifications that you make to your vehicle are all important considerations. You can choose to raise your deductible or lower your annual mileage, if you want to reduce your premiums. You can also ask your insurer for a discount if you install anti-theft alarms, airbags, or a tracking device.
Aside from making an assessment of your car’s safety features and maintaining proper driving habits, you should also submit to car inspections.
This is one of the most effective ways of lowering your premiums. Be sure to take your vehicle to the garage twice each year. Doing so will help your insurer minimise the risks of getting claimed. It is also essential to follow the recommended maintenance schedule as well as getting the service and repairs you need from your mechanic, which can help you avoid unwanted claims.
Lastly, always cooperate with your insurer when making claims. This will help avoid unnecessary delays and claims being filed against you. As much as possible, avoid getting into accidents or getting traffic violations. If your insurer finds that you have been at fault in accidents, you can expect to receive higher premiums. However, you can lower your premiums by not being a reckless driver and driving carefully.
Take advantage of the best car insurance in Singapore to get more savings, the same as when you’re getting the best travel insurance in Singapore.
