In Singapore, having your own car is a choice but having it insured is a compulsory. It’s always better to make insurance for your car as it offers several advantages. A car policy or insurance can secure and protect you from the medical expenses and hefty fines. You should consult with an insurance agent who will help you to understand the importance of the car insurance and help you to complete the process. You can get maximum value from your insurance if any accident occurs and best coverage that you select.
Accidents can happen any time, you can’t assume the date and time for this trouble. If you are in a Singapore now and want to make a new Car Insurance Singapore policy, then search the net now! If you want to renew or purchasing car insurance first time, you should consider few important tips properly. Here, in this article, we are going to guide you properly.
- Check the annual premium amount properly
You should check the annual premium properly before purchase the insurance. What you have to pay every year to cover your car is called an annual premium policy. Your premium depends on the Risk Factor Rating and the company you go with. Insurance companies verify how likely you are to obtain into an accident based on several factors like your gender, your age, your driving experience, and so on. If you are using accident prone area while driving, then you have to pay more premiums.
Before selecting any insurance for your car, always check their terms and condition properly. There are several insurance companies available who offer attractive discount on insurance premiums, but they have hidden terms and conditions. After purchasing the policy, they will know about the facts. So, read carefully before invest in policy.
- Calculate the excess on premium
The term excess is very common in the insurance world. It is related to your premium amount. The meaning of this term is, the higher your excess will be the lower your premium will be. Which is may be very good or may not be. Always remember accidents are unfortunate and yet they happen. No matter how careful you are, you never know when it will happen. And after the accidents, injuries may occur. But if you purchase proper car insurance, you will get benefit from it. You will be able to claim for sustained Injuries. They require something to inspire you to drive less irresponsibly although being insured.
- Analysis the driver’s name excess
You can add your driver’s name in the policy list. But there are some advantages and disadvantages. If you add your driver’s name in your policy, then the policy premium may increase. Your premiums are going to go up, if these drivers are inexperienced and young. Insurance company will expect to use more money reimbursing your claim because these factors increase the chance of accidents more! If you have a young and inexperienced driver, then there is a high chance to occur an accident. So, insurance agents will analysis the risk factor properly before showing you their premium. It’s always better to avoid inexperienced and more drivers. Allow only experienced driver or drive your own. So, you don’t need to invest more money on premium.
- Choose either Third party and comprehensive policy
There are two types of insurance policies available in the Singapore for cars. First are comprehensive coverage and third party policies. Basically, comprehensive policy includes broadcast coverage and it excludes only different types of damages reasoned by natural disasters, civil riots, and nuclear terrorism. Whereas, Third party policy offers less coverage, but you have to pay here lower premium and it is basically covered only the other parties’ prices and not your own! So, you have to consult with a car insurance company to know more details about their terms and conditions.
- Check the authorized workshop details
Each and every insurance company has their own car workshop lists. You have to repair your car from that authorized car repair center. Before purchase any car insurance policy, check whether you have to repair your car from their authorized center or you can repair from anywhere. There are some insurance companies who offer this alternative way. You can repair your car at your preferred place. You can choose a company who offer extensive range of authorized workshop lists from where you can easily repair your car.
Due to the tough competition in the market, each and every company offer some attractive offer and discounts to generate more and more clients. You have to search well to get the best insurance company for your car. They will definitely offer different types of advantages. And you can choose a policy after profound research.
- Check the benefits properly
Presently, there are several online insurance companies available who offer different types of car insurance policies. You can choose any one as per your requirement and the budget. Before select any policy, check their terms and condition properly and their rules. There are some companies available in the Singapore who offer alternative vehicle during your car repair in their authorized dealer. Also, some will offer transportation cost during repairing. So, check every policy advantages and hidden things and then proceed.
- Choose a best insurance company very carefully
It’s always better to choose a well reputed insurance company from the market. First, check their website and their customer reviews and then check their policies properly. A reputed insurance company will also offer you strong customer care service. After a profound research, choose a best insurance company for your car. They have experienced legal insurance advisor, who will understand and analysis your car conditions and papers and then offer you suitable policies for your car! If you are looking for reputed company within Singapore, you can choose HL Aussurance Company for this purpose. They are one of the reputed car insurance service providers in the Singapore.
Another important thing is, before sign and purchase the insurance policy, check their terms and condition properly. You should check all the details properly to get the best result. Sometimes, during the hurry, people believe the agent’s said words and sign and after that they found their services are not up to the mark. So, take time and read the terms and conditions properly, before proceed. Read hidden terms and condition properly and if you have any doubt at any point ask their agent or employee and they will solve your doubt easily. After complete analysis, choose the best one easily.
A method to avoid these pointless expenses is having proper car insurance. It will secure your car and your life as well. Proper car insurance, will offer several advantages. You can repair your car at free of cost, if any kind of accident occurs or if any scratches occur during travel. There are different types of car insurance policies available in the market and you can choose any one policy as per your suitability. Every insurance company includes some experienced advisor who helps you to choose the appropriate insurance policy for your car. Secure your car and run your car smoothly.