In several countries across the globe, you get an option as a car owner – whether or not to go for car insurance. The scenario in Singapore is however a bit different. There is no possible choice for the car owner. If you own a car, it is mandatory for you to get it insured. Getting pretty cheap car insurance in Singapore is however not that difficult since it depends on certain factors.
Take The First Step – Compare And Select
You surely do not want to hurry yourself and later regret taking the insurance. Therefore, do a research beforehand. Shortlist a number of car insurance companies that you think is suitable for you. Then compare their quotes and offers very carefully. Each of the companies will have a different set of claim procedures that come along with the quotes.
Make sure you read through them in details so that you do not skip any important statement. The insurance rates would also vary from one company to another. While a few would be charging you quite more, others can settle the deal in cheap. You need to spend some time on reading the quotes and think wisely before fixing your mind upon a single one.
Examine The Companies’ Insurance Coverage Level
There is a minimum set amount as coverage that you need to pay as a car owner for getting your car insured in Singapore. If you are desperately searching for cheap car insurance in Singapore, the best deal is to pay off the minimum level that is set by the Government. If you are quite rich and capable of paying more, you might be sued on grounds of paying less. It might be difficult for them to come across cheaper deals. But, in case there are no such real assets that you possess, you can very well go ahead with the risk and decide to pay the minimum.
Pay More Voluntary Overage To Get Low Premium
If you are not reluctant in paying off more for voluntary overages, you are more likely to achieve low premiums for getting your car insured. To be on the safer side, it is advisable to collect and raise the amount which would act as a security if anything unfortunate ever happens in days to come. Your insurance amount would be able to bear the loss and it would not be on you to pay the hefty bills.
Be A Safe Driver On Road
If you are confident enough with your driving skills, that might end up causing you less for the car insurance. Try maintaining a clean driving record and if you are willing to take up a bit of risk, you can possibly get the cheapest car insurance in Singapore. Follow the traffic rules, do not break the set speed limits, and avoid getting any negative points on your driver’s license. Also, try avoiding making claims so that the cheap deals become suitable for you.
Another thing, which you might opt for to further reduce the premium of your car insurance, includes maintaining a good relation with the insurance company. If you are already acquainted with any of the car insurance companies, make use of that. Ask them to get you better deals, possible discounts. If they are able to put their trust on your driving, it is easier for you to get a better deal.
Expensive Cars Also Have Heavier Insurance Cost
Buying super cars can very well make you famous, but remember – when it comes to insurance, they cost you more. While on the other hand, safer cars cost you far less. If you have not bought a car already, make sure to note that as well. You can also enquire about the insurances before you make the purchase.
Are The Car Equipped With Security System
Check beforehand for whether or not your car consists of a security system which would prevent it from getting stolen easily. If there is one, inform about that to the insurance company and they are sure to charge you even lesser.
Hence, even though insurance of the car is mandatory in Singapore there are various ways to reduce the cost. Now, it is easier for you to buy one without fretting over it.