Autoshield
October 30, 2023 Autoshield 0 Comment

Will I get the cheapest quotes from the online-compare websites?

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 esp...
Autoshield
October 30, 2023 Autoshield 0 Comment

What is No Claim Discount?

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 additio...
Autoshield
October 30, 2023 Autoshield 0 Comment

Why must I purchase vehicle insurance?

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...
Autoshield
October 30, 2023 Autoshield 0 Comment

Getting vehicle insurance in Singapore

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-...