If you have bought an NTUC car insurance before, you’ll probably know how to renew your motor insurance with NTUC Income. The process is easy and hassle free.

About one month before your car insurance expires, the insurer will send you a renewal notice. You can simply follow their step-by-step instruction to renew and pay for your car insurance.

This renewal notice serves as a reminder to renew your car insurance and your road tax. You may have to send your car for inspection before you can renew your road tax though. Inside this document, your car insurance renewal premium and the excess are stated.

Other than that, the insurance start date is also mentioned. In order to avoid problems renewing your road tax down the road, it is advisable to align your car insurance start date to your road tax start date.

To do this, you can simply request to extend your insurance policy or cut it short. It’ll be helpful if you can let the customer service officer know your intention to align your car insurance date with the road tax date.

After considering NTUC’s offer, you can choose to insure your car again with NTUC or source for quotes elsewhere.

In general, if the car insurance premium is less than the previous year, motorists wouldn’t mind renewing with their existing insurer. Otherwise they will readily find several other car insurance quotes from elsewhere to compare.

Why Do Customers Want to Renew Their Car Insurance With NTUC?

There are a few advantages to renewing your car insurance with NTUC. First, for being a repeat customer, you can enjoy a better rate.

Also, NTUC Income has improved their customer service by a great deal in the past 1-2 years. Therefore complaints you may have heard about are mostly a thing of the past.

Recently NTUC Income also organized an Orange Force Accident Response Team to assist customers in case they meet with an accident.

They can be called upon in a moment’s notice and they are available 24 hours a day, 7 days a week. On top of that, they will offer assistance regardless of where you are in Singapore.

The Orange Force Team moves about in a special 3-wheeled bike. Therefore even traffic congestion will not impede their quick response.

Having said this, we must also remember that NTUC car insurance is not perfect. Just like any insurance company, there will be times when customers are not happy with them for one reason or another.

Nevertheless it is important to understand that NTUC’s customer service officers are willing to solve those problems when they arise.

Apart from renewing your car insurance with NTUC Income, you can also protect your vehicle with other reputable insurers like Chartis Insurance, AXA Insurance, India International, etc.

To get quotes from these companies and more, click on www.motorinsurancesingapore.com and request for them.

Friends Who Read the Above Article Also Read:

1. Cancelling Your NTUC Car Insurance Policy
2. NTUC Car Insurance – Scope of Coverage For Your Vehicle (Own Damage and Loss )
3. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
4. Different Types of NTUC Car Insurance
5. NTUC Car Insurance – Third Party Liability Coverage, Medical Expenses & Personal Accident Benefits

There are many NTUC car insurance plans you can sign up for under NTUC Income. Thus there is bound to be a suitable motor insurance policy for you if you know what you want. The 2 most popular car insurance plans that car owners often choose are the Drivo Classic and the Drivo Premium Plan.

This article shows you what is covered in each of the motor insurance plan and which one you should go for.

Both motor insurance plans cover basic risks such as damage and loss due to fire or theft. This means that NTUC Income will compensate you if your car is burnt or gets stolen. On top of this, the insurer will pay for the repair costs needed to restore your vehicle after a collision.

Also, both insurance policies cover death or injury to third party and also compensate for damages to any property.

As a bonus, you can also replace your windscreen in case it breaks or suffer severe damage. However you are not allowed to use this benefit for chips or scratches.

Both Drivo Classic Plan and Drivo Premium Plan pays for your medical expenses incurred as a result of a car accident. You can claim up to $300 with the insurer in such cases. Also, you are entitled to claim up to $20,000 as Personal Accident compensation.

For each claim you make, an excess is applicable. The amount depends on factors such as your vehicle make and model as well as your age and driving experience. The excess will be computed along with the insurance premium so you know how much co-insurance you have to pay in the event of a claim.

On top of your policy excess, if an Unnamed Driver uses your car, he or she is subject to an Unnamed Driver Excess. Apart from this, additional excess is imposed if this authorized driver is below 27 years old or have less than 1 year’s driving experience.

If you meet with an accident bad enough such that your vehicle becomes dangerous to operate, a towing service is available to you at a moment’s notice.

What’s the Difference?

The main difference between the Classic Plan and the Premium Plan lies in the choice of workshop. The Premium plan allows you to go to your choice of workshop while the Classic Plan restricts you to its list of authorized workshops.

Some drivers will want to bring their car back to the distributor’s workshop while their car is still under the standard 3-year warranty. This is especially important if you own a continental car or if there are very few spare parts available for your particular car model.

If your car is under this category, the NTUC Drivo Premium Plan may be suitable for you. However you have to pay a little more for this flexibility. Therefore if this benefit is not essential for you, you may want to get the NTUC Drivo Classic plan instead. After all, you’ll save between 10% – 15% in premiums when you opt for this coverage.

Other than NTUC Income, reputable insurers such as AXA and Chartis (formally known as AIG) also offer reliable car insurance packages that you can rely on. To get quotes from these insurance companies as well as other recommended car insurers, check out the service at www.motorinsurancesingapore.com

Friends Who Read the Above Article Also Read:

1. NTUC (Drivo Classic) – Summary of Main Benefits (Authorised Workshops)
2. Different Types of NTUC Car Insurance
3. NTUC Car Insurance – Scope of Coverage For Your Vehicle (Own Damage and Loss )
4. Renewing Your NTUC Car Insurance Policy
5. NTUC Car Insurance – Third Party Liability Coverage, Medical Expenses & Personal Accident Benefits

In order to decide which plan to take up, you’ll have to look at the main differences between these plans. Then get a feel on which one suits your needs best.

Here, I’ve highlighted some differences you may consider important:

• Choice of Workshop

Both Chartis AutoPlan and Chartis AutoPlus insurance give you Comprehensive Coverage over your car. The key benefit of choosing AutoPlan allows you to visit any workshop for accident repair while AutoPlus does not.

This can be important for some drivers for 2 reasons.

First, you may want to visit your regular mechanic for both maintenance and repair. After all, it’s always good to know where to go and who to call when something happens. Nevertheless for car owners who are not as close to their mechanics, this may not be a significant benefit.

Secondly, your car may still be under warranty. If any hard-to-find car part is damaged, your distributor’s workshop may be able to find them faster. This is because they are likely to have a bigger inventory when compared to other workshops that do not specialize in any brands.

Fortunately, whether you opt for AutoPlus or AutoPlan, you can go back to your car agent’s affiliated workshop for repairs.

• Personal Accident Coverage

With Chartis AutoPlan, you are paid $20,000 on top of other personal accident or life insurance plans you have, in case of death or permanent disability due to an accident while traveling in your car. What this means is you will never be overpaying for your personal accident coverage. You can claim from your car insurance plan as well as any other personal accident plans you buy.

(Contrast this to Chartis AutoPlus that offers $50,000 personal accident coverage.)

When you buy Chartis car insurance, be it AutoPlus or AutoPlan, there are different benefits you can enjoy.

For example, they have a complementary New-for-Old Replacement benefit. In case your car is damaged (beyond economical repair) and has to be scraped, Chartis will pay you the full purchase price to buy a brand new car of the same model. This is provided your vehicle is less than 12 months old from the initial registration with LTA. In other words, you get a new car for free.

Also, Chartis provides up to S$800 insurance for your car key. In the event of theft, robbery or break-in, Chartis will compensate you for the cost of replacing your vehicle lock and car key. If you need to engage a locksmith or towing services company because you left your keys locked in your car, Chartis covers this too. The only cost you have to pay is $50 for excess.

Friends Who Read the Above Article Also Read:

1. Should You Buy NTUC Car Insurance or Chartis Car Insurance?
2. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
3. NTUC Car Insurance – Scope of Coverage For Your Vehicle (Own Damage and Loss )
4. Renewing Your NTUC Car Insurance Policy
5. NTUC Car Insurance – Third Party Liability Coverage, Medical Expenses & Personal Accident Benefits

A renewal notice contains basic information about your motor car insurance policy such as:

- Name of Insured
- Expiry Date
- Renewal Premium
- Vehicle Details
- Permitted Use & Exclusions/Restrictions that May Apply

Click Here to go back to Motor Insurance Singapore Home

Readers who are interested in the above article may also be interested in the sponsored links below:

Friends Who Read the Above Article Also Read:

1. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
2. AXA Insurance – Summary of Main Benefits (Authorized Workshops)
3. Liberty Insurance – Summary of Main Benefits (Authorized Workshops)
4. How Does A Car Insurance Comparison Benefit You?
5. Protecting Your Car With Chartis AutoPlan Car Insurance

Therefore it is important that car owners provide accurate and relevant details as required by the proposal form, to the best of your knowledge.

The following information is usually requested in the proposal form:

- Name & Address Of Car Owner
- Type Of Business Or Trade (If Applicable)
- Driving Experience Of All Drivers, Insured & Named Drivers
- Claims Experience & NCD (aka. NCB) Entitlement Amount
- Type Of Cover (Comprehensive, 3rd Party, Etc.)
- Vehicle Usage
- Whether Your Car Has Been Modified
- Vehicle’s Make & Model, Seating Capacity, Market Value & Year Of Manufacture
- Vehicle Registration Number, Date Of Registration, Engine Number & Chassis Number
- Finance Company (or Hire Purchase Company), if Applicable
- Some Details Of Vehicle’s Accessories

Soon after submission, the Certificate of Insurance or Cover Note can be released to the car owner.

Click Here to go back to Motor Insurance Singapore Home

Readers who are interested in the above article may also be interested in the sponsored links below:

Friends Who Read the Above Article Also Read:

1. How Does A Car Insurance Comparison Benefit You?
2. Protecting Your Car With Chartis AutoPlan Car Insurance
3. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
4. Should You Buy NTUC Car Insurance or Chartis Car Insurance?
5. AXA Insurance – Summary of Main Benefits (Authorized Workshops)

Unfortunately, damage to the insured’s vehicle by anything other than fire and theft is not covered by under this policy.

Most car owners will opt for a comprehensive policy instead because of the Third-Party, Fire and Theft Insurance’s limited coverage.

Click Here to go back to Motor Insurance Singapore Home

Readers who are interested in the above article may also be interested in the sponsored links below:

Friends Who Read the Above Article Also Read:

1. Different Types of NTUC Car Insurance
2. Should You Buy NTUC Car Insurance or Chartis Car Insurance?
3. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
4. How Does A Car Insurance Comparison Benefit You?
5. Protecting Your Car With Chartis AutoPlan Car Insurance

One way to skip through all these trouble is to engage a motor insurance comparison service. Such service applies to both personal and commercial vehicles.

After submitting all relevant and necessary information, you can access the cheapest insurance quotes with maximum benefits for your automobile. (Usually after 1-2 working days) Even if you’re riding a motorcycle, the comparison service can serve you to fetch the best deal for you as well.

Why Do Quotes From Insurance Companies Differ?

Auto insurers charge premiums according to a pretty standard criterion. And the reason why their quotes are different is because the benefits that they offer are different. Also, the insurer’s claim experience differ, therefore their risk tolerance are different.

In light of the above, the cheapest car insurance quote may be lacking in some benefits – benefits that are provided by all other insurers. Yes, there are those very cheap auto insurance quotes that covers exactly what the rest of the insurers are offering. However, sometimes, it takes forever to claim. That’s why motor insurance quote comparison services do not usually recommend the very cheapest quote. Instead, a cost-benefit comparison approach is usually taken.

By the way, you didn’t hear the “take forever to claim” part from me – go talk to the rest of the car owners and you’ll know which insurer has good (or not so good) claims reputation.

How Do The Insurers Price Your Car Insurance Policies?

Insurance companies price each policy according to the risk they’re undertaking to insure you. Risk is calculated by historical (and statistical) claims data. Insurers often regard females and older drivers as safe drivers, thus giving them more discounts and benefits. Statistically, young male drivers cause the most road accidents. Thus, drivers that fall into this category often pay a higher premium for the same benefits.

Auto insurance companies will reduce your monthly premium if you can show proof of a clean driving record. Providing information like No Claim discount (NCD) is important and will help you get the best deals. You can find out your NCD amount from your existing insurance company.

Another factor that determines the price of your insurance premium is the make and model of your car. For example, driving a sports car will cost you more on car insurance expenses compared to an average car. This is because cars that are faster and more powerful are considered more dangerous (riskier for the insurer).

All these basic factors are what auto insurance companies consider when giving you a quote. Thus, it is important to provide at least the above information when looking for car insurance quotes.

Click Here to go back to Motor Insurance Singapore Home

Readers who are interested in the above article may also be interested in the sponsored links below:

Friends Who Read the Above Article Also Read:

1. Different Types of NTUC Car Insurance
2. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
3. How Does A Car Insurance Comparison Benefit You?
4. Should You Buy NTUC Car Insurance or Chartis Car Insurance?
5. Protecting Your Car With Chartis AutoPlan Car Insurance

There are three main categories of motor insurance. Each category provides different coverage, affecting your right to claim should an accident occur:

(Most car owners in Singapore opt for the Comprehensive Cover, as it gives the best protection)

#1: Third Party Only Coverage, which covers:

- Death or injury to other parties
- Damage to other parties’ property

#2: Third Party, Fire and Theft Coverage, which covers:

- Death or injury to other parties
- Damage to other parties’ property
- Fire damage to, or theft of, your vehicle

#3: Comprehensive Coverage, which covers:

- Death or injury to other parties
- Damage to other parties’ property
- Fire damage to, or theft of, your vehicle
- Accidental damage to your vehicle
- Personal accident cover (for private cars only)
- Medical expenses (for private cars only)

Optional Benefits for Comprehensive Policies
(which may be subject to payment of additional premium)

- Windscreen damage
- Damage arising from riot, strike and civil commotion
- Damage arising from flood and windstorm
- Liability of passengers for acts of negligence
- Personal accident benefits for passengers
- Additional excess
- No-Claim Discount protection (for private cars only)

These Optional Benefits may seem like icing on the cake, but you may find them important nevertheless. Many reputable insurers include these benefits into their coverage while others don’t.

If you feel that these optional benefits are important to you, you can add them as Riders inside your car insurance policy. Nevertheless the total car insurance premium may increase as a result.

Note: You can only sign up for a Third Party Only motor insurance if your car is fully paid up. And if you want to get a TPFT (third party fire & theft) policy, you have to seek the approval of the Hire Purchase company first.

Friends Who Read the Above Article Also Read:

1. Different Types of NTUC Car Insurance
2. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
3. NTUC Car Insurance – Third Party Liability Coverage, Medical Expenses & Personal Accident Benefits
4. Should You Buy NTUC Car Insurance or Chartis Car Insurance?
5. Renewing Your NTUC Car Insurance Policy