If you are an expatriate and you have decided to buy a car while working in Singapore, you also have to think about expatriate car insurance. Just like many other countries worldwide, the law requires all vehicles in Singapore to have car insurance. You must be able to show proof of insurance when you renew your road tax. This article provides all important information about car insurance in Singapore.

The rate of car insurance in Singapore varies between insurance companies. Generally, the rate of car insurance here is not much different from the US or most countries in Europe. There are three types of car insurances that you can choose from: comprehensive, third party, and third party fire and theft insurance.

Third-party insurance is the basic insurance policy required by the law. It protects you against legal liability to a third party in case you are involved in an accident that results in property damage and injury. Third-party fire and theft provides additional coverage to the third-party insurance. It covers your car against damage or loss caused by external explosion, theft, fire, self-ignition and lightning. Comprehensive insurance is the most popular insurance in Singapore because it gives the most complete protection. The high prices of cars is the main reason why comprehensive insurance becomes the preferred insurance here.

Before you start searching and comparing between insurance companies, there are several things that you need to consider about expatriate car insurance. The first thing to consider is whether you need to choose comprehensive insurance or third-party insurance. Since most people prefer comprehensive insurance, the rate of this insurance is a bit lower.

The second thing to consider is NCD (No Claim Discount). If you have got NCD from insurance company in your home country, the NCD can be applied here. By showing proof of your valid NCD, you can save a significant amount of money. Another thing to consider is fluctuation. Fluctuations in insurance premiums are very common here. If insurance companies have a terrible year, generally they increase the premium of car insurance in the following year. Sports car is the main victim of the fluctuations and all insurance companies require sports car owners to pay higher premiums. Therefore, if you plan to buy a sports car, it is advisable to evaluate your plan.

Where to get car insurance should also become your consideration. The good news is that there are many reputable local insurance companies that offer great deals on car insurance. The majority of international insurance companies also provide car insurance in Singapore. In order to get the best deal, you need to search and compare policies from several different insurance companies. Most companies allow you to customize your policy to meet your specific needs.

Does the above sound troublesome to you? Well, the good news is that you now can have ease of purchasing motor insurance for your car here in Singapore by just engaging M9 Automobile Pte Ltd. M9 serves as a one-stop centre for all your motoring needs, and the experts at M9 will handle your insurance needs for you, and provide you with specific advice and get the best rate for you in town. Take your mind off the hassle of getting an insurance policy for your car and focus your energy on the better things in life. Leave your needs to the experts at M9 and they will ensure that you have a great, hassle-free experience.

Call or visit M9 Automobile Pte Ltd today for all your expatriate car insurance needs.


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