What are the 4 most important considerations when buying a Motor Insurance policy?

  • The Premium: This is the most obvious consideration but there are other trade offs you should take note of. 
  • Excess: You should be aware of the excess or deductible a.k.a the first amount of the claim which the insured (you) has bear.
  • Restriction on workshops: Some insurers have restrictions on workshops the insured may use in the event of an own-damage claim. For some insurers, it is specified that if your vehicle is still under the original warranty, you would still be able to go back to the manufacturer-approved workshop. For others, it is could be a strict “No”. This may potentially cause a problem as there is normally a condition in the vehicle warranty saying that for the warranty to be valid, all repairs must be done at the manufacturer-approved workshop. In some cases, you may just visit any of the authorised workshops and that workshop shall take care of your repair. In this way, you still have some choice and control on which workshop repairs your vehicle.
  • Named or Unnamed Drivers: In most cases, as a named driver, the excess is lower while for an unnamed driver, the excess is higher

Allow me to assist you in getting the best coverage and best price for your Auto Insurance in Singapore by filling up the form below:

Companies I might be able to place your business with:

  1. ACE Insurance Limited
  2. AIG Asia Pacific Insurance Pte Ltd
  3. Allianz Global Corporate & Speciality AG Singapore Branch
  4. AXA Insurance Singapore Pte Ltd
  5. China Taiping Insurance (Singapore) Pte Ltd
  6. Coface Singapore
  7. ECICS Limited
  8. EQ Insurance Company Ltd
  9. Etiqa Insurance Berhad
  10. Euler Hermes Credit Insurance Agency (S) Pte Ltd
  11. Federal Insurance Company
  12. First Capital Insurance Ltd
  13. Groupama Transport Singapore Branch
  14. India International Insurance Pte Ltd
  15. Liberty Insurance Pte Ltd
  16. Liberty International Underwriters
  17. Lloyd’s Asia Pte Ltd
  18. Lonpac Insurance Berhad
  19. MSIG Insurance (Singapore) Pte Ltd
  20. Newline Asia Services Pte Ltd
  21. NTUC Income Insurance Co-operative Ltd
  22. Overseas Assurance Corporation Ltd
  23. QBE Insurance (International) Ltd
  24. Royal & Sun Alliance Insurance plc
  25. SHC Capital Ltd
  26. Shipowners’ Asia Pte Ltd
  27. Tenet Sompo Insurance Pte Ltd
  28. Tokio Marine Insurance Singapore Ltd
  29. United Overseas Insurance Ltd
  30. Zurich Insurance Company (Singapore Branch)
  31. And more …