You can pay between $ 500 and $ 2000 for the same car insurance in Singapore. Therefore, it is worth looking around and doing your homework. However, cost savings shouldn’t be your only concern. When you get insurance, you are buying protection. And a penny pin can bite you if you’re not careful. Here are some tips to help you make good decisions when getting car insurance.
Think beyond your car. The more assets and income you have, the more insurance you need. Personal liability insurance, along with homeowner’s coverage, is not very expensive, but it can provide vital protection for your assets. If you already have good family health insurance, you may be able to avoid paying more for personal injury protection or health insurance related to your car insurance in Singapore.
Your neighborhood matters. Crime rates are a factor. Look at the types of cars on the road. It may cost more to live in downtown Dallas, Texas, than to live in a quiet suburb outside of Kansas City, Missouri.
Where you park, your car can affect your premium. Garage parking is less prone to theft and damage caused by the weather than parking in a driveway or on the street. You can get a discounted rate. If you work from home, take a quick day trip, or use public transportation, you may be able to save money by insuring your car with a small discount on miles.
Depending on what you do for a living, you may save on your auto insurance premium. Some occupations are less risky. Teachers, scientists, police, and firefighters often receive discounted premiums.
College students who go to school more than 100 miles from home can receive a discount if they assume, they are rarely behind a family car wheel. Getting good grades pays off in many ways. Ask about good student discounts.
If you’re looking for an added incentive to take the plunge, consider the savings on your auto insurance premium – don’t include that in your offer. If you have more than one car in your household, ask for a discount on multiple cars.
Drive with caution. A traffic ticket can cost more than a ticket. Poor driving consumption can also increase your insurance premium costs. The next time you’re in a hurry, slow down and protect yourself and your wallet.
You can save on buying the right type of car on car insurance in Singapore. Cars with built-in safety features like antilock brakes, side airbags, and automatic seat belts cost less to insure. Stolen cars often have higher insurance rates. You can check the Highway Loss Data Institute for theft reports to make the car you plan to buy.
If you are interested in a sports car, make sure your wallet is ready for the highest premium. For high-performance vehicles, the rates can be much higher. When you get a car loan, the lender has a say in the type of coverage you have for your car to protect your investment.
You can lower your monthly auto insurance premium if you are willing to live at a higher discount. If you are a good driver, it might be worth considering. As your vehicle progresses, you may also want to change your coverage to save money. If the actual dollar value of your vehicle is extremely low, you should consider comprehensive crash-proof car insurance in Singapore. However, never skimp on liability insurance, regardless of your vehicle’s age or value, because if you cause a severe accident, you could be tied down for hundreds of thousands of dollars.