Car Insurance Singapore

Motor Claims Framework – What to do during an accident

Recently a friend of mine posed me a question: What to do during an accident? It is very common that the drivers they themselves are not sure of the procedures as one does not always gets into or in fact might never have get into any accident before. Though the question maybe very simple [...]

Vehicle age, Make, Model and Capacity

Vehicle age, make, model and capacity may be one of the most important factors in deciding the value of motor car insurance premium. In terms of vehicle age some underwriters take the consideration that older cars are less attractive to thieves and repair cost may be lower the newer vehicle. Which means premium may [...]

Driving Experience and Occupation

Statically young drivers have higher accident rates compare to mature drivers and same goes to male and female drivers as the driving patterns and traits are different. Most insurer would impose high excess of $2,000 for young driver. On the other hand most insurer are quite reluctant to over drivers who have reach a certain [...]

No Claim Discount

No Claim Discount (NCD) also known as No claim entitlement or no claim bonus. In Singapore NCD is a financial incentive for driver who have not made any claim during the insurance policy year. The incentive is granted before the renewal of the policy and the maximum discount is up to 50%. In the [...]

Comprehensive, Third Party Fire and Theft or Third Party Only

What is Comprehensive, third party fire and theft (TPFT) or third party only (TPO) ? And how it will affect my premium? The above two question are one of the most commonly asked question.

Basically for third party only insurance only covers death, injuiries to third parties which may include passengers and also damage [...]

The age of the insured

Majority of people thought that the older the insured the lower the premium. That might not be the case as most insurance company uses different age band on deciding factors for the car insurance premium. The age band are categorized differently based on each individual claim experience from different insurance company.

For example, driver [...]