car insurance quotation

Why You May Need to Get A Car Insurance Quote

The car insurance quotation is the lifeline of anyone looking for insurance for their car. With a car insurance quotation, you will be able to know how much insurance your vehicle is worth and whether you are getting the best deal for your needs. Car insurance is mandatory in Singapore under the Motor Vehicles (Third-Party Liability and Compensation) Act 1989. Without having a proper third party-only policy or a thorough third party fire and theft policy, you will find yourself in deep trouble with the law. Your insurance quote will tell you how much money you will have to pay as compensation in case of fire or theft of your vehicle.

In Singapore, there are two essential types of car insurance quotations that you should know about. The first type is based on driver demographics. This includes all age groups and classes. The second type of quotation comes from drivers with a driving record. For this reason, those with a bad driving record can expect to pay more for their protection.

Those drivers who have a clean record on the road are considered low risk drivers by insurance companies. Thus, those drivers can expect to get cheap car insurance quotations from insurance companies when buying a vehicle protection policy. However, this does not mean that those drivers who have accidents or traffic violations are exempt from paying for the damages they have caused to other drivers or their vehicles.

The minimum driving age in Singapore is 20 years old. Thus, if you are a new driver, it is imperative that you take a driver’s training course before purchasing your first driver’s license. Once you are eligible, the Department of Public Health has set up a low-income car insurance quotation scheme for named drivers. This scheme provides low-income earners with a cheap quote on their car insurance policy. To take advantage of this scheme, you will have to contact your local Department of Public Health.

Another thing that will affect your car insurance quotation is your location. Different insurers will charge higher or lower premiums based on where you live. This means that you should be very clear about why you are moving to a particular area in the first place. If you have a job that takes you away from home frequently, such as sales or customer service jobs, you should expect to pay a lot more on your vehicle protection. On the other hand, if you are simply relocating from another part of the country, insurers will not necessarily have a problem with your premium.

You will also find that different insurers offer different discounts to those who purchase their car insurance quotations online. The discounts may include safe driver discounts, good grades discount, student discount and senior citizens discount. In some cases, younger drivers can expect to get cheap car insurance quotations simply because they have been taking advanced driving lessons. Insurers will reward you for your efforts by offering you further reductions.

One thing that will affect your car insurance quotation is your record on making claims. If you make many claims on your policy, insurers will consider you as a higher risk than someone who has made no claims in the past. They will thus charge you a higher premium. However, there is good news if you have a good history of making no claims. You should expect to pay a lower premium.

Insurers use data such as how long you have been driving, how many vehicles you own, your place of residence, your annual salary and others to come up with their auto insurance quotes. This means that your record as far as driving goes will determine how much you will be quoted. A younger driver who has not claimed for five years is more likely to get lower premiums than one who has claimed for the last five million years. There is a tendency for premiums to go up as the driver gets older.

It is possible for you to get an instant online car insurance quotation without submitting any information to the company. All you have to do is tell them what kind of vehicle you want to insure. They will ask you about your driving and history. Once all this information is collected, you will receive your quotation. However, you should compare different quotes to ensure that you are getting a fair and competitive rate.

Once you have received a quotation, it is important to tell the insurance company if any named drivers will be listed on the policy. You can only list named drivers once and if they drive any other vehicles, they will automatically be excluded from coverage. If you decide not to include named drivers, you will have to tell us in writing that you object to this policy. Insurance companies have to abide by this policy.