How To Get The Cheapest Car Insurance Premiums
How To Get The Cheapest Car Insurance Premiums
Explore our ultimate guide on nabbing the most cost-effective premiums. Join us as we navigate the path to smarter choices and drive off with extra cash in your pocket!
Don't auto-renew your car insurance.
From new and imported vehicles to buses, goods-cum-passenger vehicles, and even invoice financing, we’ve got you covered.
Compare at least 3 car insurance quotes.
Inxpress customers can actually pocket up to $620 in savings on their yearly premiums! How? Just by giving those car insurance quotes a spin before sealing the deal. Insurance providers do their own thing, offering unique coverage perks. So, let’s take charge and compare the quotes that match your needs and wallet-friendly vibes. Your ride, your savings.
Increase your policy excess.
Did you know? You can actually trim your premium by boosting your policy’s insurance excess, aka the cash you pitch in from your own wallet before your insurance provider takes over the bill in case of a fender-bender. Your policy already has a set excess amount, but here’s something interesting: you can actually increase that excess a tad bit and score an awesome deal on your premium.
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Which Car Insurance Is The Right One For You?
Curious about which car insurance is the best for you? We have got you covered with an easy guide to the different types of coverage. Read on to find out!
1.
Comprehensive car insurance
As the name suggests, Comprehensive car insurance does it all – from patching up your own ride to footing the bill for replacement costs. No wonder it’s the go-to insurance in Singapore, especially with the high car prices around here!
2.
Third Party Only (TPO) car insurance
Let’s break it down: Third Party, Fire, and Theft car insurance (TPFT) is like a boosted version of the basic. It covers the basics plus loss, theft, and fire damage to your ride. It’s a tad more protective, but it’s usually the pick for those hanging on to older cars.
3.
Third Party, Fire & Theft (TPFT) car insurance
Let’s break it down: Third Party, Fire, and Theft car insurance (TPFT) is like a boosted version of the basic. It covers the basics plus loss, theft, and fire damage to your ride. It’s a tad more protective, but it’s usually the pick for those hanging on to older cars.
Why Choose Inxpress For Your Car Insurance?
Why settle when you can excel? Choose Inxpress for your car insurance needs and experience a new level of coverage. Get ready for a ride filled with unbeatable benefits and peace of mind.
Endless Options
We’re all about giving you more.
At Inxpress Financial, we’ve got your back with reputable insurance partners right here in Singapore. Now, let’s face it – sifting through all those insurers can be a real head-spin. Fret not, we’re here to take the load off! We’ll fetch you the finest quotes and simplify the whole application process. Your journey? Smooth sailing all the way!
Zero Paperwork
We help you make it happen.
Your car insurance adventure doesn’t stop once you’ve got your policy. At Inxpress Financial, we’re right there with you, especially during the trickiest part – claims. Our friendly insurance specialists are here to make sure your claims sail through smoothly and assist with renewing your policy year after year. We’re here to make it all happen, so you can hit the road with confidence!
Claims Support
We’ve got your back, no matter what
When it’s time to renew your policy each year, we roll up our sleeves to ensure you’re getting top-notch service, optimal coverage, and even some sweet savings on your car insurance premiums. With our ties to major car insurance providers in Singapore, you can trust us to hunt down the best policies just for you.
Uncover Your Ideal Motor Car Insurance Coverage!
Let’s unveil the essentials that matter most. We’re here to guide you through the ins and outs, ensuring you’re geared up for a confident journey on the road!
Insurance provider
Cheap & Basic Coverage
Roadside Assistance
Most Extensive Coverage
Customizable Car Insurance Plan
No-Claim Discount (NCD Protector)
Income
Included
Standard
Yes
Addon
China Taiping
No
Standard
Yes
Included
Liberty
Included
Loss Of Use
Yes
Addon
HL Assurance
Included
Daily Transport Allowance
No
Addon
Etiqa
No
Standard
Yes
Addon
Allianz
Included
Transport Allowance
Yes
Addon
FWD
Included
Standard
No
Addon
Direct Asia
No
Standard
Yes
Addon
Tips to compare car insurance
Get equipped with the tips and tricks you need to make savvy decisions for your car ownership today! Uncover the essentials that matter most, and navigate the insurance landscape to secure the best deals for your wheels.
Payout for damage beyond repair
No matter if you’re cruising with Usage-Based Insurance (UBI) or rocking an annual premium, most car insurance policies have your back if your ride’s totally wrecked – but only for the first year and minus your COE. But hey, keep an eye out for exclusions! Some policies won’t cover certain damage beyond repair. Take Income’s UBI, for example – battery blunders aren’t in the game unless you score the maintenance package that takes care of a bunch of potential hiccups.
24hr roadside and medical assistance
Great news! Many car insurance plans offer around-the-clock support for those unexpected bumps or breakdowns. Some even amp up the perks with towing and battery jump-start services. It’s like having a safety net that’s always there for you!
Low NCD penalty and free NCD protector benefit
Having a low No Claim Discount (NCD) penalty means you can snag a cool deal with a smaller NCD deduction – Aviva’s got your back with just 10%, unlike the hefty 30% some others hit you with. Plus, a free NCD protector could save the day when the accident isn’t your fault. No upfront excess and your NCD stays put!
Loss of use perks
Sometimes your car needs a spa day at the workshop, right? That’s when cool loss of use benefits step in – many insurers hook you up with a transport allowance. This comes in clutch, especially when your daily grind and lifestyle depend on your wheels.
Personal accident coverage
Most car insurance policies come with a little something extra – a payout for your loved ones if something goes wrong. Like, if you’re unable to drive or worse. Some insurers even let you crank up the payout for a bit extra, but you can also be savvy by checking if your personal accident insurance covers it separately and saves you some bucks!
Experiences That Speak
Our Testimonials
Kelvin Khor
Customer"Thank you CK & Alvin for the pre & post service. CK did a commendable job with notifying us on what’s happening every step of the way. We appreciate the details and follow up. Swee Seng is highly recommended, thanks guys!"
Nis Brotard
Customer"Appreciating Joe and Swee Seng Motors for their exceptional service. Smoothly traded my Vezel Hybrid for a Civic, thanks to Joe, a highly recommended salesperson. Despite a few hiccups, Joe's professionalism and dedication to customer satisfaction were evident. Their commitment to service is admirable, and I'll happily return for future car needs."
Siti Khadijah
Customer"Thank you Joe for his great assistance, patience and making all the process a hassle-free process. A gentlemen who is very accommodative (not pushy unlike our past experience) that makes the buying experience stress-free. The car was delivered shiny and clean inside out. Thank you Joe, for putting smiles on our face!"
Shanker Nedun
Customer"Great service by the team - Leroy, Xander & CK. They guide and follow through the whole process to ensure the vehicle gets handed over promptly."
Valentino Zainul
Customer"Had a smooth deal with Xander the sales rep he guided smoothly in which car would be suitable for me.Highly recommended.Those who want to get a nice car can head over to Swee Seng Motors.Definitely you can find the car which suits you."
Norman Mahamood
Customer"Very smooth transaction. Helpful salesperson Leroy able to meet my requirement and request"
Kelvin Cai
Customer"Well done Joe, u are a very helpful, very sincere, very patience sale person. You explain very well about the car, also answer my questions, regarding the process and procedure of all paperwork."
Norazleen Ayob
CustomerEntering the shop to see the car we were interested in, we met Joe. He was patient, welcoming, and listened attentively. He provided valuable advice regarding the car and our purchase intention. The transaction was seamless, with Joe swiftly handling paperwork. His honesty and transparency were commendable. Highly recommended!
Yifa Luvyou
CustomerThanks to CK at Swee Seng Motors for exceptional service in buying new or used cars. He earnestly tries to fulfill any reasonable requests. Even when my car was ready early, CK ensured everything was in order, including a courtesy fuel top-up. His attention to detail and thoughtful gestures are appreciated. HENG UH! ONG UH! HUAT LA!
Sean Tay
Customer"Highly recommend Joe Chew for car purchasing. He patiently guided us through several options over days, helping my dad find the perfect car. His dedication, evident in prompt replies and assistance even outside work hours, made the experience exceptional. Grateful for his outstanding service and commitment!"
Thomas Ho
Customer"Smooth transaction. Leroy is very friendly and helpful. The experience was present and satisfactory."
Deekin Ramon
Customer“After enquire with a different car dealer, decided to check with Xander from Swee Seng motor and he is the best! He is amazing and makes the process really smooth. He goes above and beyond for his customers and tries to help as much as possible. Great service and they know they’re stuff. I got the car the day after the deal. Well recommended. Thank you for making the process smooth”
Latif Bin Mohd Mohd
Customer“Just recently sold my car and bought a used car from Swee Seng, was served by Alvin & Joe. Service provided was great, insurance quoted to me within 15 mins and took delivery of the car within 1hr from time of confirmation. Very efficient amd professional team. Will definitely recommend Swee Seng for car purchases.”
Han Hun Kwong
Customer“First time buying from PI SSMOTORS, highly recommended Deal with Joe and it was fast and smooth, from confirmation to getting my new car with very affordable installment. He patiently answered to all my answered and my questions I raised and my requests, I strongly recommend SWEE SENG MOTORS for your next car purchase”
Danny Ouyang
Customer"Great experience and service here from Xander, car received in excellent condition!"
Frequently Asked Questions
Simply put, an insurance premium is what you pay for your policy and are usually paid periodically to the insurer.
This really depends on your preference. Some insurers may quote more competitive premiums just to attract new customers. At Inxpress, we have put together a team of well-trained car insurance specialists that are dedicated to find the best plan for you. If this interests you, head over to find the best car insurance plan for yourself.
If you do not mind going through the details and reading the fine print yourself, you can also buy the car insurance directly from your preferred insurer.
Yes. Insurers usually insist you go only to their “authorised” workshops when you need to get your car fixed. But most insurers allow you to top up extra to be allowed to claim at any/distributors workshop. This is usually available as an add-on to the plan or a separate plan entirely.
Yes and no. Some comprehensive plans like those provided by AIG, Aviva, AXA (only SmartDrive Flexi plans), BudgetDirect, China Taiping, DirectAsia, Ergo, Etiqa, and many more, do cover water damage. While the majority of insurers offer flood damage coverage, some do not.
This means that the only way to know if you’ll be covered for flood damage is to ask your insurer directly or read through your insurance policy in detail. For more information on car insurance policies, you can easily find out more with Inxpress’s Car Insurance Coverage Team.
Check the terms and conditions of your existing car insurance policy to find out what happens if you cancel it. Generally, if you cancel it before it is time to renew, the insurer will pocket about 30% of the unused portion of your insurance, leaving only about 70% as a refund for you. If you can, wait until your car insurance is up for renewal. Then you’ll have the freedom to switch to any insurer you like without any penalty. By the way, you may not always be the one walking away from a car insurance policy. There are also situations where your insurer might decide to drop you (sometimes with no refund at all) if they think there’s foul play or illegal modifications going on.
Different insurers have different processes on how to make a claim, however, but in general, these are the steps:
- Don’t move your car unless absolutely necessary.
- Call your insurer’s hotline for assistance.
- Take (lots of) photos of the accident.
- Get the other driver’s contact details.
- Get your car fixed at an authorized workshop.
If you are a relatively inexperienced driver, you might want to opt for a car insurance company that is better known for its roadside assistance. For example, Income has a fleet of assistance riders who will come down to the site of your accident and walk you through every step of the way.
For every year that you’ve driven and didn’t have to make a claim, you get a 10% discount on the following year’s premium. You can accumulate your No Claim Discount (NCD) up to a maximum of 50%, i.e. after 5 claim-free years. Getting a 50% discount on your premium sounds great, but remember that the car insurance company can always increase the quoted premium, rendering your discount ineffective. Sneaky. So no matter what, don’t just auto-renew – you should still compare quotes anyway. But what if you make an insurance claim? Under normal circumstances, the discount drops by 30% (from 50% to 20%, for example). That’s why most insurers also offer what’s called an “NCD Protector” as a paid add-on to your car insurance policy. This allows you to make one claim without affecting your NCD.
“Named drivers” means that you have explicitly and contractually stated on the insurance who you want to be covered. Other than yourself, this should also include regular users of the car, for example, your spouse. “Unnamed drivers” just refers to drivers who are not on it. They can still drive the car, but if they get your car in an accident, the insurer will cover significantly less of the damage. You can always add more named drivers for maximum protection, but it will cost you more, especially if you name someone who is a young and inexperienced driver.
Authorised workshops” are a list of workshops that your insurer has approved. You can get a cheaper rate if you don’t mind being restricted to authorised workshops only, though be sure to check that the list does give you sufficient options. People who choose this usually drive older cars or second-hand cars that are no longer under warranty. “Any workshop” means you can go to any workshop of your choice, but this will mean a higher premium on your car insurance. If your car is still under warranty, you may have to opt for this in order to send your car to your dealer’s workshop. Otherwise, your dealer may decide that your warranty is void.
An excess is the amount you have to pay from your own pocket before the insurer pays you for the coverage you have. Most insurers quote for an excess of $500 or $600 by default, but you can always choose a higher excess in exchange for a cheaper premium. However, be warned that you will have to pay more upfront if you get into an accident. Ultimately, you need to strike a balance between the two costs – so that you are neither overpaying for insurance, nor will an accident render you penniless.