Skip to main content

Vehicle Insurance Guide: Important Things to Know and Consider

The quite huge amount of money that you have invested in your vehicle
The quite huge amount of money that you have invested in your vehicle ─ whether it’s four wheels or two ─ is no joke. Which is why getting it insured should be on top of your priorities. The good thing is Singapore mandates all car and motorcycle owners/drivers to purchase motor insurance. It is an insurance policy that covers your vehicle against financial losses should you get into an accident, involving your car ─ whether you are found at fault or a third party is held liable.

For those who are planning to purchase either a car or a motorcycle one of these days, please consider the fact that having auto insurance comes next to it. That being said, here are some important things that you need to know about vehicle insurance.

What are the different types of vehicle insurance?

  • Car Insurance

This insurance is a must for everyone who owns a car. This kind of insurance covers physical damages, theft, and accidents involving your auto.

  • Commercial Car Insurance

Given the fact that commercial vehicles are always on the road, a higher risk of liability issues is expected. At this point, commercial vehicle insurance is offered and a must-have for those companies that make use of cars, trucks, and vans for business purposes. This kind of insurance does not only secure and covers the vehicle used, but also the employer, employee, and the business in general.

  • Motorcycle Insurance

Riding on a two-wheeled vehicle is riskier than driving four wheels; hence motorcycle insurance is the best way to keep your protected while you are on the road.

What are the types of car insurance cover?

  • Third Party Cover

By having this car insurance policy, the car owner/driver can be covered for damages to property belonging to other people, which includes cars, fences, streetlights, and the like. Even the death or bodily injuries to passengers and third parties in which the driver is held responsible is cover by this kind of car insurance policy.

  • Third party, fire, and theft

No matter how cautious you are when it comes to taking care of your valuable four wheels, unlikely situations will still arise which can result to damage or loss of your car, including accidental loss, damage by fire, or theft. But by adding this policy, you can save yourself from the hassle and out-of-the-budget expenses. However, it is important to note that this kind of policy slightly costs higher than the aforementioned cover.

  • Comprehensive Cover

Considered as the most common type of car insurance cover, which covers the driver’s legal liability for damage to property belonging to other persons; just like how the third party cover works. But more than that, the comprehensive car insurance policy also acts as a great tool to shoulder the expenses caused by the repair or a replacement of car should it get damaged or lost due to accident, theft or vandalism.

What affects car insurance costs?
Provided that there are many car insurance policies offered by various car insurance companies, it is a must to know that each policy is different from one another, and so is the cost. But if you’re thinking about what affects the cost of premiums, here are some:
  • Age of vehicle
  • Engine capacity
  • Make and model of vehicle
  • Driver’s personal details

In case you’re looking for one of the best provider of motor insurance in Singapore, Autoshield will help you quote the right insurance for suitable for both you and your car’s needs. Reach us via our customer service hotline 6385 0777 or by sending SMS to 8588 9191, 8686 9991, 8688 9991, 8588 9991, 8866 9991, 8868 9991, 8668 9991.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

5 Common Myths about Motorcycle Insurance You Need to Know

While there are some who prefer to ride on two wheels than to drive a four-wheeled vehicle, there are also people who would rather let their body sway as they run a motorcycle. If you are looking for both thrill and fun, riding a motorcycle is a great way to experience such. However, given that you're sharing the same road with other motor vehicles means not being safe at all. Which is why, if there’s car insurance, there is also an insurance that is meant for riders ─ motorcycle insurance. This type of insurance provides protection in the incident wherein your two wheels get stolen, vandalized or damaged, and even helps in terms of medical expenses should you happen to fall off your motorcycle and hurt yourself or a third party. In line with this kind of insurance policy are some of the common myths that you might have heard or used to believe in. 1. Motorcycle insurance is way too expensive If the main reason that makes you feel hesitant about considering motorcycle i...
Post a Comment
Read more

Keep Yourself and Your Bike Safe and Protected with Motorcycle Insurance

Riding on a two-wheeled vehicle is riskier than driving an auto, which is why if your car requires insurance, the same thing goes when you own a motorcycle. If not, motorcycle insurance will never exist. You may somehow think in one way or another that getting motor insurance is just a luxury, but it’s not, men! It is what your bike needs and deserves. As a matter of fact, this kind of insurance can also protect you while on the road. If there is one thing you should put in mind after having the getting your desired make and model of a motorcycle, it is definitely the motor insurance; you need it so you can ride a bike. The same with a car, the insurance for your two wheels is also required by law, which needs to be followed. In times of unexpected event of a collision, the policy you’ve signed in will provide coverage. Also, a comprehensive type of coverage will have your motorcycle covered for damage which is not a result of a collision. In addition to the mentioned benefits...
Post a Comment
Read more

4 Steps in Making Successful Car Insurance Claim in Singapore

There will be times that no matter how careful you are in handling your every drive accident can still happen. It can either involve another party or just you being blinded by other stuff. Whatever the case may be, it is important that your vehicle is insured, thus buying car insurance or motor insurance should be your top priority. When unfortunate events happen while you’re on the road and you want your insurance to shoulder the expenses caused by the accident, there are some important thing to bear in mind. Albeit getting help, in terms of financial, is one of the main importance of getting auto insurance , it is not always guaranteed that the claim process will succeed. For making a successful insurance claim in Singapore, here are the things that you should remember: 1. Exchange information and particular with the other parties involved Exchanging information like name, address, NRIC, contact number, license plate number, and even insurance company with the other p...
Post a Comment
Read more