No two car insurance plans are the same.
When you purchase or renew your car insurance, make sure you pay close attention to not just the price, but particularly that of the benefits and features offered! Otherwise, you might just end up with a cheap insurance plan that barely offers you any protection coverage at all.
These are 7 things to consider:
1) In the event of an accident, what does your car insurance cover?
The first point is very important. Does it cover damages to third party vehicles only, or does it also include your own car? If your windscreen gets shattered, does your car insurance allow you to repair it without affecting your No-Claim Discount (NCD)?
2) Can your precious NCD be protected?
For many policies, once you make a claim on your car insurance, your existing NCD is reduced by 30% each time and that can lead to higher insurance premiums for subsequent years.
If you have a high NCD (30% and higher), does your car insurance offer you a NCD protector so that claims do not affect your future premiums?
3) Is your car vital for your job? Consider daily transport allowance.
For those who are dependent on your car for your job (such as sales), will your car insurance provide a daily transport allowance to help you tide through the period while your car is being repaired at the workshop?
4) What about medical coverage for bad accidents?
Should you be caught in a bad road accident and sustain injuries, how much medical coverage does your car insurance offer you? What about if you are the driver at fault and the other party is claiming their medical expenses from you? How much can your car insurance offset?
5) What about coverage beyond Singapore?
Drivers who often go into Johor Bahru, watch out for whether your car insurance covers any damages sustained beyond Singapore. (Here at Vouch, we offer insurance that protects you in Singapore, West Malaysia and parts of Thailand.)
6) Accessories? Or an outlier event such as flood coverage?
Some car insurance policies do not cover accessories in or on your car. Does yours offer this protection? If not, check out ours!
With the increased regularity of flash floods in Singapore, does your car insurance offer protection against damages caused to your car by flooding? After all, surely you shouldn’t be penalized for the weather!
7) Rewards and benefits?
Are there any benefits or special perks for safe drivers? Can you retain your NCD if you switch to a different insurer? What about rebates, or even cashback on your policy, if you’re such a safe driver that you do not make any claims?
If you’re a safe driver looking to save on your car insurance with cash back if you do not claim for any accidents, Vouch wants you! We offer car insurance with comprehensive benefits specially for safe drivers only (No-Claim Rebate which is up to 15% cash back), so head on over to get a quote here now!