Car Insurance Comparison
For car owners in Singapore, it is compulsory for all car owners to have Motor Car Insurance coverage which is renewed annually . Prices of policies range widely, depending on the make & model of your car, your profile (which includes your Age, Gender, Marital status, Driving experience, Occupation & claims history) and of course the type of coverage you need. There are:
- Third-party Only – Covers death or bodily injuries to third-parties and/or passengers; and damage to third-party’s property.
- Third-party, Fire & Theft – Extension of the third-party Only policy. Protects the insured’s own car against loss or damage (caused directly by fire or theft). Other causes resulting in loss or damage to the insured’s own car is not covered.
- Comprehensive – This type of policy offers the broadest protection for a car owner. Covers the insured’s liabilities; bodily injury, death and property damage to third-parties (including passengers). It also covers damage to the insured’s own car (own damage).
However, each insurance company in Singapore that offers motor car insurance has their own criteria of risk assessment to determine the price of your premium. Besides that, each of these insurers offers different coverage. To add to the confusion, from time to time the calculation of premiums could change due to changes in their underwriting criteria. With all these variables, it makes it difficult for any individual to find out which insurer will be offering you the most suitable coverage and which premium price will be cheaper for your car today. You would probably need to call each of these insurers to do a comparison. Imagine the time spent calling, trying to understand the coverage advantages of each insurer and not to mention the time taken to queue to get your policy issued.
Whether you’re a brand new driver or one that is looking for better premium rates, you’re in the right place. At our portal, we do ALL these and more for you. We provide a FREE Motor Car Insurance Quotation Comparison Service for new or renewal of cars in Singapore, we’ll explain your coverage or any other enquiries you have.
As Independent Financial Consultants, we provide insurance plans from most of insurance companies. We list several popular Motor Car Insurance plans from different insurance company for your comparison as below:
- AVIVA Car Insurance
- AXA Car Insurance
- NTUC Car Insurance
- Liberty Car Insurance
- MSIG Car Insurance
- Tokio Marine Car Insurance
If you feel difficult to find a trusty and professional financial consultant, or if you need an independent financial consultant for unbiased advice. We can recommend a trusty financial consultant to discuss your insurance needs FREE of Charge, please fill the online form in Contact Us now. Our recommended financial consultant will contact you to make you understand how to choose suitable insurance to meet your needs.