Insurance Agency Singapore | Commercial Insurance and Personal Insurance

Here you’ll find the simplest, most practical ways to lower your auto insurance premiums:

1. Shop Around for the Best Rates 

Comparing rates sounds like a given, but here’s the thing: Too many people stick with the same auto insurance company and same insurance agent because that’s easy. There’s something to be said for brand loyalty, but it’s also important to shop.

Why? Car insurance companies use different algorithms to determine costs. Additionally, many offer first-year deals to new customers.

The easiest way to compare rates is to use an online car insurance search engine, like The Zebra. It breaks down your insurance “in black and white” and compares your policy options from 204 providers in less than 60 seconds.

Just enter information about your car and your coverage needs, and The Zebra shows dozens of side-by-side quotes from top insurance companies for free. We talked to Artie Januario, who found new insurance through The Zebra and managed to knock off $30 a month — or $360 a year — from his premium.

2. Continue to Shop for a Lower Rate Every 6 Months

Comparing rates once won’t cut it. They can change month to month — even day to day.

There are a number of fluctuating personal factors that can affect your insurance rates, including your age, location, marital status and credit score. But consider external factors, too, like natural disasters, crime rates and the economy.

by Carson Kohler

See Full Story at www.thepennyhoarder.com

How to buy the best travel insurance. Here’s what expert says:

Make sure you’re not already insured

“One potential mistake people can make when purchasing a travel insurance policy is that you could potentially end up buying a policy that has some duplication of benefits with what you already have,” says Joel Ohman, founder of InsuranceProviders.com, an insurance site. He advises you to review the benefits you already have with any of your other current insurance policies, credit cards, and membership programs. Actually, any legitimate agent will tell you to check your other policies before buying another one. Otherwise, you could buy too much insurance.

Look for a guarantee

That’s Jeewanjee’s advice. For example, G1G offers a service guarantee that promises its policies will meet a high standard. Its quality assurance process includes an analysis of a company’s BBB report, customer reviews, claims payout ratio, reinsurers credit history, and other benchmarks. “We help our customers throughout the whole process of purchasing a travel insurance plan from start to finish, and what we do makes the process easy,” he says.

Make sure it’s real insurance

It isn’t always, says Shylar Bredewold, CEO of Odyssean Travel, an online travel agency. “I’ve seen some very decent cruise protection plans,” he says. “But these should not be confused with insurance and often come with disclaimers stating that they are indeed distinct from a coverage policy.” Bredewold says the difference between “protection” and “insurance” has been a hot topic in the insurance industry lately. (Technically, “protection” isn’t an insurance product.) “Travel professionals continue to be vigilant in what they recommend to clients, even when we trust the supplier,” he adds.

by Christopher Elliott

See Full Story at www.travelersunited.org