Secure your journey, safeguard your vehicle with our comprehensive motor insurance
Comprehensive and Affordable Coverage Motor Insurance In SG.
As a driver, driving a vehicle on the road carries different risks, whether it is damage to your own car or getting a claim from a third-party in an accident. If you have just purchased a new car or bike, you would want to get your vehicle insured as soon as possible.
Motor insurance is one of the key essentials, yet often overlooked aspects of owning a motor vehicle in Singapore. There are several types of bike and car insurance plans as well as insurers to select from in Singapore. However, knowing which one suits your needs best is crucial. Most motor vehicle owners typically go for the cheapest car insurance. However, rather than prioritising just cost, being aware of what the policy covers and the variety of coverage available are the ideal ways to purchase the best motor insurance.
If you are looking for affordable motor vehicle insurance, India International Insurance is able to provide you with the right solution. With our comprehensive coverage, you are assured of protection and coverage of your motor vehicle, the other party's motor vehicle, and, most importantly, yourself while driving or riding on the road. Our policy also provides you with added coverage over loss from natural disasters and theft.
The best-fitted motor insurance policy will depend on the type of driver you are. Insurance for new drivers will garner higher premium rates. When you decide on purchasing our comprehensive car and bike insurance, you have access to all our various car insurance plans as well as rider options. Getting a comprehensive plan with excellent coverage as well as relevant rider add-ons is much recommended to allow you to drive or ride on the road with peace of mind.
Why do we recommend purchasing a comprehensive coverage plan?
Our cars and motorcycles are probably the next largest personal asset after our home. Hence, it is crucial to select a well-suited motor insurance plan to make sure that there is comprehensive coverage over our cars and motorcycles as well as to protect our personal wealth. With III's comprehensive coverage, you can safeguard your vehicle against unforeseen accidents.
Why should I buy a motor insurance plan in Singapore?
It is mandatory in Singapore to purchase motor insurance that offers minimally third-party coverage before you are legally allowed to drive or ride on the road. The third-party car insurance ensures the driver's protection against any legal liability for third-party injuries, losses, and damage to property caused by the road accident. Hence, it is vital to sort out your motor vehicle insurance once you have bought your vehicle.
Coverages of the insurnace policy mentioned as below:
- Comprehensive coverage motor insurance plans cover damages to your own motor vehicle on top of the damages to the other party's vehicle or property and bodily injury
- Third-party car insurance plans only cover damages to the other party's vehicle or property and bodily injury
- Comprehensive coverage motor insurance plans cover damages to your own motor vehicle on top of the damages to the other party's vehicle or property and bodily injury
Am I Eligible?
Anybody who owns a motor vehicle in Singapore is eligible to purchase a motor insurance policy. Few companies add criteria of minimum age and Singapore driving experience to be eligible to purchase a motor policy. If you own a company in Singapore that involves the management of private or commercial vehicles, we offer motor fleet insurance plans for businesses. Our motor fleet insurance policies are not only highly affordable, but also protects your company from any potential legal issues.
How much does the motor insurance plan cover?
In regards to comprehensive motor insurance plans, the market value of your vehicle is your maximum claimable price at the time of the accident. For third-party settlements due to injuries or death, the insured sum is unlimited. The sum will depend on the claims that arise from the accident. For property damage claims, the limit may be different for private car and commercial vehicle.
What is NOT covered?
While it is important to note what your policy covers, it is even more necessary to be aware of its exclusions. Such exclusions include:
- Deliberate, accidental loss
- Driving with an invalid driving license
- Driving under the influence of intoxicating substances such as alcohol and drugs
- Untruthful accident report
- Illegal or unauthorised modification and usage by LTA of the insured vehicle
Secure your journey, safeguard your vehicle with our comprehensive motor insurance.
India International InsuranceHow much is the motor insurance premium?
Many insurers use a "risk factor rating system" when deciding on your insurance premium. The following factors are considered when deciding on your insurance premium:
- Insured driver's profile
- Vehicle profile
- Targeted vehicle usage (Hire, commercial, corporate, or private)
- Level of coverage
- History of policy claims
How do I file insurance claims?
In order to let our customers enjoy a seamless and stress-free insurance claim procedure, we have provided an online claim form. All you need to do is just report the accident within 24 hours or by the next working day of its occurrence with your vehicle.