Author: samuel

Getting vehicle insurance in Singapore may be a chore if you are unfamiliar with how the insurers work out their quotations. Every insurer has an internal scorecard developed to manage their risk appetite to ensure they have a balanced and profitable portfolio. The scorecard changes quarterly, semi-annually and/or annually. This means that while you may…

It is mandated by Land Transport Authority (LTA) in Singapore that when an individual/ company purchased a vehicle, he must purchase insurance for the vehicle. Regulators have setup a few check points to ensure that you have a valid insurance. For example, one must have a valid insurance coverage in order to renew their road…

After you have purchased and registered a car with an insurance coverage under your name, you are entitled to No Claim Discount (NCD). If you have never had a vehicle insurance under your name, your NCD will automatically start from 0%. Upon each and every renewal, you will be entitled to an additional 10% NCD,…

Different Insurer has different views and hence may issue different Z10 policy. Some insurers issue Z10 policy as per private jacket (i.e. NCD entitlement up to 50%), while some issued under commercial jacket (i.e. NCD entitlement up to 20%). A handful of them issue Z10 policy under scheme i.e. a flat rate or a fixed…

You may not get the cheapest quotes from the online-compare websites because these sites are normally setup by non-General Insurance Certified Individuals who may not be able to provide sound advices to consumers. Auto / Vehicle / Car Insurance (whatever term we call it) is a complicated product especially when the need to request for…

Buying from Autoshield saves you the cumbersome process of obtaining quotes from different insurers. The process is a chore when you have to provide the same set of information to different insurers repetitively. The comparison may takes up to 1 week to compile since different insurer has different timeline to get back to you on…

Regardless of how experienced your main driver is, always remember that insurance companies will provide the quote based on the driver with the higher risk profile. This means that when you include a young or inexperienced driver as your named driver, your premium will increase. If the named driver will not drive the vehicle as…

In most cases, the personal vehicle insurance has to be insured under the vehicle owner’s name. Some young and/or inexperienced drivers may get their parent to obtain a loan for their vehicle and insure the vehicle under their parent’s name. Unless their parent uses the vehicle more frequently than the young and/or inexperienced driver who…

A vehicle with front bumper hitting a third party i.e. another vehicle, pedestrian or any other third party’s asset is commonly being assessed to be the party at fault. A side collusion i.e. brushing of vehicle’s door against another vehicle’s door will be awarded a 50%-50% claim entitlement. Last vehicle of a chain accident may…

Your vehicle insurance policy will be cancelled after the insurer has served you the final payment reminder later or 30 days from non-payment, whichever is earlier. Upon cancellation, your vehicle insurance coverage will cease, and you are disallowed by law to drive your vehicle on Singapore’s road. You are liable to pay for the period…