Insurance Agency Singapore | Commercial Insurance and Personal Insurance

Tips on How to Get Cheap Car Insurance

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Making insurance expenses more tolerable may seem a daunting task. In fact, it is not as hard as many may think. Drivers are recommended to analyze and apply the following tips: 

  • Install safety gear. Insurance companies rely on safe drivers to make them a profit in the long run. Drivers who install safety devices are eligible for a discount. The value of the discount varies by company, but it is a discount which is easy to obtain. Talk with a rep about which devices qualify for this discount.
  • Graduate a defensive driving course. Persons who graduate approved defensive driving courses will benefit from discounts. Furthermore, they can offset several license suspension points. When getting online quotes, some questionnaires will ask if the driver attended these courses or is he willing to attend.
  • Customize coverage parameters. Online forms allow drivers to customize multiple coverage settings, including liability coverage limits, deductibles, extra services (like rental coverage or roadside assistance) and payment options. Paying-in-full or selecting high deductibles will save drivers a lot of money. Online tools allow drivers to simulate different coverage options and update price estimates.
  • Bundling can save policyholders a lot of money. Insuring more than just the car with the same provider is a smart way to save money. Online questionnaires ask if the user lives in his own home or rents it. Then the questionnaire will show that they can save a certain percentage (which varies from 5% up to 20%) on both auto and home insurance.

See Full Story at www.prweb.com

Tips to cut down the cost of bike insurance

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While you cannot skip buying bike insurance, there are a few tips and tricks that you can use to cut down on the cost of the bike insurance. Here are a few:

  • Buy online: This is one of the easiest ways to reduce the premium of a bike insurance policy. Buying bike insurance online is cheaper than buying it offline any day of the week. When you go online, insurers do not have to pay intermediaries for selling policies. Thus, you get to keep those benefits.
  • Add-Ons: Choose add-ons for your bike only if you need them. Going through the list of add-ons and doing a quick feasibility search would help you save money on add-ons. Opt for them, if you feel there is a genuine need for the same.
  • Riding Association: There are a few riding, touring or automotive associations in the country. Should you enroll and become a member of any of these associations, you may receive a discount. It might not be a huge discount, but a discount to start off with for sure.
  • Security Device: Another smart way to reduce the premium of your two wheeler insurance is to install a security device on the same. When you install a security device, you not only increase the security of the bike, making it less prone to theft or burglary but also get a shot at lower premiums. Insurers offer discounts for bikes that have additional security devices installed on them. It might be a win-win situation for your old bike as well.
  • Bundle Up: If you already have other policies from an insurer, such as home insurance or a car insurance policy, check if you can bundle your bike insurance policy as well. Your insurer is more likely to offer a small discount on opting to buy the policy from them.
  • Compare: Buying bike insurance online offers another trick in the form of comparison. You can compare policies from different vendors and eventually pick one that fits your requirements. A policy with a good balance between features and premium is what you should be looking at.

By YouthInc

See Full Story at youthincmag.com

New advice for rental car insurance

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Planning a trip that includes a rental car? Finding the right size car is easy, but what about insurance add-ons? Should you buy the added coverage? Or are you already covered with your own policy? And If you think your credit card will always cover you, think again.

Consumer Reports reveals money-saving tips on rental car insurance.

Consumer Reports says before you rent a car check for coverage under your personal auto insurance. And also, through the credit card you`ll use. Credit cards can change their terms.

For instance, Discover recently stopped offering rental car insurance altogether. American Express, Chase and Citibank still do offer it, but check their terms and limits. If a credit card is your primary coverage, there could be a benefit to using it.

Should there be a claim, the credit card insurance could be in line to cover it and your own auto insurance rates may not change.

See Full Story at wtkr.com

Seven Tips For Getting Cheaper Auto Insurance

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Saving money is important to all of us. One way to save money is by reducing your car insurance rates.

There are several ways that can help you get cheaper car insurance. Here are our top 7

  • Shop around for online quotes. Insurance rates vary from one insurer to another, so it’s worth it to shop around. Brokerage websites are recommended to complete car quotes. Make sure you complete the same information on all the questionnaires. After you received at least three car quotes, you can start analyzing in order to choose a policy that suits you. After you settled with one offer, see if you can make the deal even better by contacting the respective insurer and find out if there are extra discounts you can qualify.
  • Raise your deductibles. Deductibles are the money you pay from your pocket before the insurance policy kicks in. By raising your deductibles, you will prove your insurer you are willing to take a higher financial risk. By doing so, your insurer will lower your premium rates. Make sure you put enough money aside to pay, in case of a claim.
  • Keep a clean driving record. If you have no traffic tickets and no accidents for a number of years, you can be eligible for this discount. Most insurance companies will lower your premium rates after three years of clean driving, while other insurers will wait even five years to give you this discount. Usually, this discount will lower your insurance rates by 10 percent to 20 percent.
  • Choose the right car. Insurance rates vary on the make and model of the vehicle you drive. Factors like the likelihood of theft, costs to repair and safety record, determine the price of the insurance rates. Safety and anti-theft devices also play a significant role in determining the premium of a vehicle. It is recommended to purchases a slightly used vehicle, preferably an SUV or a minivan, that already has many safety features installed

See Full Story at autocarsinsurancetips.com

High-Risk Drivers Can Get Cheaper Car Insurance Using The Following Tips

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High-risk drivers should first identify the reason why they pay so much (if it is not obvious enough), then take action. Use the following tips to increase the chances of finding better coverage than the current one: 

  • Look for specialized non-standard carriers. Many insurance companies, even the ones in the top, have subsidiaries or work with smaller companies that are specialized in dealing with high-risk drivers. Their insurance rates are usually lower than the ones offered by traditional carriers.
  • Compare online quotes. Even if a person is a high-risk driver, many insurance companies are still willing to provide coverage. Comparing online quotes will help drivers track the best insurance rates available for them.
  • Look for discounts. Many discounts are available for all drivers, high-risk included. Discounts for getting married, graduating a defence course, moving to a better neighbourhood, and for installing safety devices will lower car insurance rates.
  • Drive a car that is cheap to insure. Look for cheap cars that come with installed safety devices. In that way, the owner can save more on premiums.
  • Consider dropping coverage., When driving an old car that is worth less than the deductible, consider dropping the collision and comprehensive insurance.
  • Improve credit score. All states, except California, Hawaii, and Massachusetts use the credit score to calculate insurance rates. Improving the score will help the driver get better rates. One reason why a person may be considered “high-risk” is a poor credit scores.

See Full Story www.benzinga.com

Car Insurance Experts Provide Useful Winter Driving Tips

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When venturing forth on snowy or icy roads, drivers should follow the next tips: 

  • Prepare the vehicle for winter conditions. It is recommended to replace the car fluids, check the brakes, the windshield, the battery, and the tires. Pack first aid kit and winter safety kits.
  • Drive slowly. Speeding on a snowy or icy road can be deadly. Driving slower than usual on this type of roads will allow drivers to stop the car if a sudden hazard occurs.
  • Keep a proper distance from the front car. A minimum distance of three car lengths should be maintained between you and the vehicle in front of you. This distance should provide sufficient time to hit the brakes if the front car suddenly stops.
  • Use a lower gear for traction. By using a lower gear, the vehicle will be less likely to accelerate when it slides on an icy road.
  • Never use cruise control in winter conditions. Cruise control is designed to maintain a constant speed while traveling. On slippery roads, the use of cruise control can be hazardous. There’s a high possibility for a car to hit a slippery patch and loose traction and in the same time cruise control will kick in and accelerate in order to maintain speed.
  • Keep the distance from the snowplows. Keep a distance of at least five car lengths between the car and a snow plow. Be alert, as snowplows turn and exit frequently. When trying to pass a snowplow, be cautious to not drive through the snow fog that it causes.
  • Drive with your lights on. Even if outside is daytime, severe winter conditions can seriously reduce visibility.

See Full Story at www.prweb.com

When It’s Recommended To Check Car Insurance Quotes Online

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When it comes to the premium you pay on your car insurance certain events can affect the amount you pay. Whether if those events affect your car insurance rates in a positive or negative way, you can find out by checking the car insurance average cost at least once every six months.

It is recommended to check the online insurance market when these events take place:

  • Your credit score changed. In most states, the law allows the insurance companies to take your credit into consideration when they determine the price of your insurance rates. Your credit score is composed of approximately 130 elements, but insurance companies use only the ones they find relevant. If you are in the poor and low credit categories, expect to pay more on insurance, while those drivers that have excellent and good credit scores will pay less.
  • State’s laws have changed. Every state has different laws and requirements regarding car insurance. These laws and requirements can be changed anytime. For example, the liability limits of insurance can be increased, leading to higher premiums to everyone. In order to find a better deal, you would have to check the insurance market.
  • You have maintained coverage. If you are a new driver or a more experienced driver that has a coverage lapse, the insurance companies will consider you as a high-risk driver. In order to pay less on your premium, you will have to maintain coverage for at least six months.

See Full Story at compare-autoinsurance.org

5 Tips for Choosing the Best Travel Insurance for Your Cruise

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Many travelers are taking advantage of cruise sales to book their next vacation and relying on travel insurance to protect their investment. With wave season kicking off this week, Squaremouth shares 5 key tips for buying cruise insurance in 2019.

Be Wary of Coverage Through Your Cruise Line
Travelers with specific concerns, such as a sick family member at home or a pre-existing medical condition, should compare the insurance offered through their cruise line to that of a third-party to ensure they are getting the coverage they need for the lowest price. 

Third-party policies typically have more extensive Trip Cancellation and Trip Delay benefits, and can include Pre-Existing Condition coverage, which is typically not covered by cruise line insurance. Third-party policies can also provide coverage for travel before and after your cruise, while cruise line insurance typically only covers portions of your trip purchased directly through the cruise line.

Emergency Evacuation Can Get Pricey
Medical evacuation on cruise ships is often more expensive than typical medical transport costs, especially for cruises to more remote locations. To prepare for these potential expenses, Squaremouth recommends cruisers look for at least $250,000 in Medical Evacuation coverage when purchasing a policy for their cruise. This benefit can cover the cost of an evacuation off a cruise boat, or from port, and even back home if deemed necessary.

Don’t Overlook Missed Connection Coverage
If a traveler misses their cruise departure due to bad weather or other airline delays, the Missed Connection benefit can cover their expenses to catch up to their cruise at the next port. This benefit can kick in as soon as three hours into a delay, and coverage can range from a few hundred dollars to more than $2,000.

See Full Story at www.prnewswire.com

Six tips to reduce your two-wheeler insurance premium

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Photo by Mikes Photos from Pexels

Bike insurance will be included in the maintenance cost of your two-wheeler or car. Hence, you should take precautions to choose the right vehicle to minimize your insurance cost. There are other important facts which will have a great impact on bike insurance cost . You should be aware of these six tips to cut down your insurance cost drastically. 

Tips to reduce your insurance premium 

• Choose the right bike – You are advised to choose the right bike to reduce the insurance premium. The insurance premium will be high when you buy an expensive bike. Instead of choosing a luxurious and newly introduced bike, you can buy a standard bike. Insurers are aware of the normal maintenance cost of standard bikes and they will offer a policy at a lower premium. On the other hand, the availability of spare parts and servicing cost will be very high for luxurious and sports bikes. Hence, the insurance companies will charge a higher premium for such kinds of vehicles. 

• Comparison of policies – You should not forget in comparing the two wheeler insurance companies.The insurance aggregator’s website is ideal to figure out various plans to fulfill your needs. As you fill-up the online form, you will be able to choose the most appropriate insurance plan as per your needs. 

• Policy tenure – Bike insurance can be purchased for more than one year. You can go for either 3-year or 5-year bike insurance policy so that the premium will be low. There will not be any stress in renewing the premium every year when you go for a multi-year insurance policy.

• Discounts – Insurance companies offer various kinds of discounts. The discounts are based on age, gender, location, employment, etc. You can ask the insurance agent or the customer support representative of an insurance company to get more information in this direction. Some discounts are applied by the insurance company automatically as per the information provided in the proposal form. Learning special driving skills, installation of special accessories and membership in an automobile association are some of the reasons which will give you a discount on the premium. 

• Avoid small claims – Insurance companies will reward you for safe driving and accident-free history. If you claim your insurance policy, the no-claim bonus will become zero. Hence, the no-claim bonus should be used judiciously as per your needs. As far as possible, avoid small claims. 

• Enhance bike security – To improve the security of your vehicle, you can install special locks and safety-enhancing accessories on the bike. The insurance company will reward by taking steps to protect your vehicle. 

See Full Story at www.5dariyanews.com

Five tips of finding cheap auto insurance

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There are many ways that can assist you to reduce the costs of your auto insurance. Whether you’re young or old, female or male, follow our 5 tips in order to lower your auto insurance premiums;

1.Cost comparison

This is certainly one way that you can use in order to save money on your auto insurance. Shopping around and comparing different costs when you intend to renew your insurance cover will help you save a lot of money. However, you should be very careful. When you are shopping around, it is very crucial to ensure that you’re also comparing the qualities of the insurance policies. This is due to the fact that some of these may look cheaper, although you may realize that you lack similar coverage level when making a claim. Luckily, with the advanced technology, you may utilize various online cost comparison sites to make the task even easier. The only thing you are required to do is to enter your details in these sites and compare the prices and quotes that show up. Additionally, you may change the excess amount you’re willing to cover and mileage you intend to drive in order to obtain new quotes. The best thing with these sites is that they enable you to make quote comparison of various large insurance firms. Some of the common auto insurance comparison sites include ComparetheMarket, GoCompare and Confused.com. In order to compare various costs of auto insurance, gathering this information is very essential.

2. Consider higher deductibles

Deductible refers to the amount of money that the insured is supposed to pay in order to cover the loss incurred in a car accident which he/she is deemed responsible. The insurer pays the remaining amount so as to cover the total loss. You can be able to substantially lower the cost of your insurance premiums by including high deductibles in your insurance policy. For instance, raising your deductible to $500 from $200 may cause the cost of your comprehensive and collision coverage to decrease by approximately 15-30 percent. Similarly, opting to choose an even higher deductible for instance $1000, you can save from 40 percent and above. However, before selecting higher deductibles, ensure that you have set aside enough money to pay in case you have any claim.

3. Low mileage rates

Reducing your mileage rate will help you to save a lot of money. However, you must ensure that you are completely honest about the annual mileage rate since inaccuracy may compromise any insurance claim.

by Thomas Anderson

See Full Story at www.conservativedailynews.com

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