With OAC car insurance, you can choose to protect your vehicle under any of the following plans:

1. Comprehensive (Authorised Workshop)
2. Comprehensive (Any Workshop)
3. Third Party Fire & Theft
4. Third Party Only

Like other insurers, OAC covers any accidental loss or damage to your vehicle. In case the worst happens, OAC will send you a cheque for (up to) the market value of your car. For repairs, you only need to fork out the policy excess while OAC pays for the rest of your repair bills.

You are also covered for your liability to others whom you need to compensate. In case death or bodily injury occurs, the payout is unlimited. For damage to property, you have up to $5 million coverage.

On top of this, OAC also reimburse up to $300 for (car) accident-related medical expenses for you and your named driver(s).

Under Personal Accident Benefit, you can claim up to $20,000 from OAC Insurance for yourself and your named driver.

These benefits above make sure anyone who drives your car does not have to worry about what happens in case mishaps occur.

In addition, an OAC car insurance policy takes care of your towing charges (if you need it). And in case your windscreen is damaged, you simply have to drive your car to any OAC authorized workshop for a quick replacement. You do not have to pay anything because there is no windscreen excess. To reinstate this benefit, you only need to fork out a paltry $50.

You can go to your dealer’s workshop for repair even if you signed up under the Authorised Workshop Plan. This is provided your car is still within its 3-year warranty period.

You may also want to consider including a Loss of Use benefit in your OAC car insurance policy. When your car is being repaired, OAC pays you $80 as transport allowance each day up to a maximum of 7 days. This feature requires additional premium though. However it may be well worth it because you can receive up to $560 in transport allowance for a small payment on your part.

OAC will waive off your excess totally if your NCD is 40% or more. Otherwise (if your NCD is 30% or less) your excess is waived off by half.

When it comes to payment, OAC insurance accepts cash, cheque or credit card. In addition, you can opt to pay by installments if you are an OCBC credit card holder.

Other than OAC car insurance, there are many other car insurers in Singapore. To get an overview of what each insurer charge as well as their features and benefits, use 2 minutes to fill up the form at www.MotorInsuranceSingapore.com

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