Benefits of car insurance

by | Nov 29, 2021 | Articles

In Singapore, it is compulsory to have motor insurance if you drive. So what is the purpose of motor insurance? According to the General Insurance Association (GIA), motor insurance will protect you from monetary losses or damages that may occur as a result of a car accident.

Types of car insurance in Singapore

There are 3 types of insurance in Singapore. They are Third-Party Only (TPO), Third-Party, Fire and Theft (TPFT), and lastly, Comprehensive coverage. The TPO automobile insurance coverage type is the minimum requirement in Singapore and generally, it will also be less expensive as compared to the other 2 types of insurance coverage.

Benefits of car insurance

Getting car insurance has many benefits. Other than protecting you when you get into a car accident, it also protects you from legal consequences, medical expenses and financial responsibility.

One of the most important benefits is that having insurance will protect you and others around you as well. Having car insurance will protect you, your family members and also others affected by the car accident. Thus, when you have car insurance you will not be anxious as you know that you and the people around you are protected.  

Next, getting car insurance will help you save money in the long run. Even though car insurance may seem expensive right now, it will be beneficial as the insurance coverage will help you cover the cost of certain high-cost claims if an accident happens.

Another benefit of having car insurance is that you will not feel lost or lonely when you get into an accident as your insurer will be there for you and will guide you on what to do.

Apart from the benefits mentioned above, there are also other benefits a good car insurance policy has. Thus, before getting a car insurance, think carefully about which type of car insurance you want and also spend some time searching for the best deals.

SK Automobile can help you!

Yes, motor insurance is expensive, however, getting the right and best deals for your motor insurance will really save you a lot of money.

Call us now to get the best deal for your motor insurance!

Follow us on our Social Media platform to get the latest news.

Read more

Accident Reporting Centre (West)

30 Bukit Batok East Ave 6

Bukit Batok Store

Singapore 659761

+65 6444 2555

Follow us

© SK Automobile Pte Ltd 2021.

All rights reserved.