Tag Archive For "no claims discount"
No Claims Discount (NCD) protection in Singapore
We all know that it is expensive to own a car in the Lion City, as there is a wide range of expenses to pay; from a Certificate of Entitlement (COE), car loan interest, petrol, and parking fees to road tax and insurance premiums. This is probably why drivers in Singapore care so much about …
Should you add named drivers to your motor insurance?
Nowadays, it is very common that a vehicle is driven regularly not by a single driver, but by multiple ones – whether they be family members, employees, business partners, or other. In these situations, you might consider adding such additional drivers onto your insurance policy as named drivers. While this may seem like a no-brainer, …
Can taking a defensive driving course affect your car insurance plan?
You might have seen elsewhere that drivers in other countries can secure a discount on their premiums by completing a defensive driving course. It makes sense. Your car insurance plan price is based on risk; if you’re a more skilled driver, you’re more likely to be safer, which means your risk of causing an accident …
What is a Telematics-based car insurance plan and how does it work?
You might have read about it in the news recently; a relatively new form of motoring technology can make your car insurance plan premiums cheaper. Telematics driving insurance plans have been in Singapore for a few years and has offered up to 35% discounts on insurance costs as a way of rewarding good behaviour. How …
Car insurance NCD: what is a ‘No Claims Discount’?
Being a safe driver has its perks. Beyond keeping you out of harm’s way and shielding you from costly repair fees, driving without incident can also entitle you to a No Claims Discount (NCD) on your motor coverage. A car insurance NCD is commonplace the world over and can end up saving you a significant …