It is recommended that you periodically review the vehicle insurance policy issued by your insurance company. This will allow you to get the best cost of insurance with all possible discounts. A little research online will provide you with all the information you need about the various insurance companies and what they have to offer. If you pay attention to a few details, you will get the cheapest deal available.
Provide details: The insurance company can give you a quote for your insurance plan if you provide as much detail as possible about the vehicle and yourself. Inadequate details will only force the insurance company to provide a predetermined quote, which may well be higher.
Find the best deal: The rates of vehicle insurance offered by companies can vary up to 300% between them. Therefore, it is better to take a little time to find out what is offered and make the right decision. The choice you make will likely save you several hundred dollars.
Deductibles - Hundreds of dollars can be saved in annual premiums paid by increasing the amount of deductibles on your insurance policy. In some cases, you can take a higher risk and therefore lower your annual premium.
Reduce your mileage. If you drive fewer miles on average, you get a significant discount. Most insurance companies offer discounts to drivers who drive less than 40 miles per day on average. To do this, you may need to take a trip at least two or three days a week. It is also better to take a plane or train for longer trips, such as vacations.
The main driver. The primary driver of a car is related to the price of your car insurance Singapore and can vary from male to female. Insurance companies also require teens and seniors to have safer vehicles to be eligible for better discounts.
Safety Features - If your car is equipped with safety devices to help keep it safe, the discount provided by the car insurance provider will be reflected in the annual premium. Installing a tracking system is another way to get a lower annual premium.
Organization Membership - If you are a member of a professional association or auto club, it will be easier for you to get an additional discount on your premium auto insurance rate.
Members of the car club and other organizations - If you are a member of a car club or belong to an organization related to the field, this entitles you to a discount in the eyes of the car insurance provider. This is another way to get a good discount on your auto insurance rates.
Combination Insurance Plans - If you get home insurance, business insurance, and car insurance from the same company, this will allow you to get a better rate or discount on all offered insurance plans.