Car insurance is the type of insurance plan which is designed to cover the property damage and medical cost due to accidents, theft, natural calamities, and fire. In Singapore, having car insurance is mandatory. You cannot drive a car on the road of Singapore without car insurance. It is the type of contract between you and your company that protects you against all kinds of financial loss due to accidents or theft. So, car insurance is brought by the driver to mitigate costs associated with getting into an accident.
Are you looking for the best car insurance policy at affordable premium rates? If yes, then you have come to the right place. In this blog, we will tell you how to get and compare the car insurance quotes. So, let’s get started.
Steps To Compare The Car Insurance Quotes:
Researched Well: Begin the process of buying car insurance with researching. Take the help of Google and search for the best car insurance companies in Singapore. Consider the top 10 search results. Now, look around their sites. Read about us, car insurance plans, terms and conditions, and then ask the car insurance quote. Getting quotes from insurance companies is not a tough task. You can get it instantly. Choosing the right company for the car insurance plan is a little bit tricky. So, you can take the help of social media platforms where customers share their reviews about the company. Choose the company whose reviews and ratings are excellent.
Compare The Quotes And Choose The Plan: Once you choose the top car insurance companies. Then apply the request for the car insurance quote. As soon as you get the quotes, compare them, and choose the company that offers you comprehensive car insurance coverage at the best premium rates. Compare the various quotes based on the coverage you need and premium that you can afford.
Increase Your Policy Excess: To lower the premium rates, you can increase the policy excess. The excess is the money you have to fork from your pocket before the insurance company covers the rest of the cost in case of an accident.
Pay the Premium: Activate your car insurance plan by paying premium via any payment gateway. To retain the policy, you have to release the premium on the respected date. In case, if you delay paying the premium on time, the company will charge the penalty or even close your policy.
What Are The Types Of Car Insurance?
Typically there are three main types of car insurance in Singapore-
Comprehensive Car Insurance: As the name suggests, this type of insurance covers almost everything. Right from the third person liability, car damage, to medical expenses, the insurance company pays the cost of everything. People who often drive their cars on highways or hillside roads have to opt for comprehensive car insurance. The company will bear the property damage and medical cost.
Third-Party Only Car Insurance: This type of car insurance covers only third party liability. Like if you face the accident, all the damaging costs of the third party will be covered by the company. If you are handling the old vehicle, then third party car insurance is the only ideal one for you. Because its premium rates are very low, and you don’t need to pay any cost from your pocket
Third-Party Fire and Theft Insurance: This is a slightly upgraded version of the third party only car. The insurance company will give the add on features like coverage against the fire and theft. It is slightly more protective and preventive than TPO, and the premium rate is higher.
Steps To Apply For Car Insurance Online:
- First choose the right insurance company and get the car insurance quote.
- Compare the quotes of the company and choose the company that offers you the high coverage at the best premium rates.
- Now, go to their site, click on the registration page, and create an account.
- Once you create an account, apply for the car insurance plan that suits your needs and affordability.
- Apply the car insurance plan along with the documents.
- As soon as the company gets your application, it will review it and proceed with it for approval.
- The company will acknowledge the approval via email. And you can activate your policy by paying the premium online.
Getting and comparing the quotes is far simpler than selecting the right car insurance company. Make sure the company from which you are getting quotes is trustworthy and reliable. Follow all of the above mentioned tips to compare the car insurance quotes. If you are looking for the best car insurance company in Singapore that offers you affordable car insurance plans with a lot of coverage then consider HLAS Insurance.