What all you want to know About Sompo Car Insurance in 2019?

Sompo car insurance

Sompo Car Insurance is a great choice for drivers who value affordability in maximizing coverage,If you are looking for a budget plan.As a car owner, you know that owning a car is such an expensive investment. Which is why it is necessary to protect yourself, your passengers and most importantly, your precious car against huge losses in case of unforeseen circumstances.

Sompo car insurance offers (3) three comprehensive car insurance plans to choose.  It is;

  •   ExcelDrive Prestige
  •   ExcelDrive Gold
  •   ExcelDrive Focus    

Coverage:

Car insurance plan Key features Recommended for
ExcelDrive Focus Sompo authorised workshops only

Excess waiver limited to 50% or $600

Older cars (up to 15 years old)

Second hand cars

Parallel imports

ExcelDrive Gold Sompo authorised workshops only

Full excess waiver up to $1,000

Transport allowance

Free NCD Protector

Cars not under warranty (up to 10 years old)
ExcelDrive Prestige Same coverage as ExcelDrive Gold

No restriction on workshop (except for excess waiver which only applies to authorised workshop)

New cars still under warranty

Fussy owners who want their choice of workshop

Optional coverage and add-ons

  • Excess Buy up is to increase your excess that you have to bear with each claim in exchange for a premium discount.
  • Personal Accident to increase your personal accident sum insured.
  • Accessories that cover CNG conversion kit, Hi-Fi Systems, etc.
Car insurance add-on Description
Buy Up Excess Increase your excess in exchange for premium discount
Personal Accident Increase your PA sum insured
Car Accessories Coverage for your accessories e.g. CNG conversion kit, sound system

All of Sompo’s comprehensive plans are well covered on all grounds: car repairs, total loss / damage, third party damage, and personal accident, medical expenses.

Premium

Premium varies by Type of coverage and Plan and the most affordable coverage of the Third Party due to the major coverage it offers.

You can also enjoy premium saving further by choosing Excess Buy-Up option to increase your excess that you have to bear with each claim in exchange for premium discount and ExcelDrive Workshop to enjoy premium discount up to 20% and warranty for repair.

Sompo premiums are not the cheapest. And premiums will get more expensive if you upgrade to ExcelDrive Gold or Prestige for better benefits.

Check out on the following discounts to get the cheapest rate:

Highlights Feature

For drivers who care more about saving money than maximizing benefits, these policies are the best way for you. Depending on the policy you choose, you may also receive benefits such as:

  1. A full excess waiver on first claim ONLY if done at an authorized workshop – only 50% and capped at $600 for ExcelDrive Focus
  2. Relatively high transport allowance at $100 for 10 days as compared to a more typical $50 for 5 days – not applicable for ExcelDrive Focus
  3. Free NCD Protector if your NCD is 30% and above – not applicable for ExcelDrive Focus
  4. Free Personal Accident Cover up to S$20,000 for Policyholder and S$10,000 for named drivers.
  5. Free cover for legal liability of passengers.
  6. Enjoy Loyalty Discount on Renewal.
  7. Enjoy Discount on multiple cars if you have existing Motor insurance with us.
  8. 24-hour Emergency Mobile Accident Response Service (MARS): an officer will arrive within 20 minutes to give advice, take photos, a complete statement of the accident, and make E-filing of claims. They even recommend the nearest authorized workshop and arrange a haul.
  9. Road side assitance is pretty good . Sompo promises to provide you emergency services within 20 mins when you report an accident .

Eligibility

  1. Minimum 2 years of driving experience in Singapore
  2. Not more than 1 claim for the past 3 years
  3. Total claims not exceeding more than SGD $30,000 for the past 3 years
  4. Vehicle Age is 15 years or below for Comprehensive, Third Party Fire & Theft and Third Party Cover

Additional Excess

An additional excess (on top of the policy excess) as detailed below shall apply for accidental loss or damage whilst driven by:

  • Named Young and/or Inexperienced Drivers or Elderly Drivers – $1,500
  • Unnamed Young and/or Inexperienced Drivers or Elderly Drivers – $3,000
  • Unnamed All Other Drivers – $500

The terms shall be defined as follows:

  • Young Drivers’ shall be defined as drivers (including the Insured) who are below 25 years old.
  • Inexperienced Drivers’ shall be defined as drivers (including the Insured) who have less than 2 years of driving experience in Singapore.
  • Elderly Drivers’ shall be defined as drivers (including the Insured) who are above 70 years old.

No Claim Discount Protector

It is agreed that the No Claim Discount (NCD) entitlement in this Policy is protected as follows:

No of claims made or arisen During the Period of Insurance NCD entitlement on Renewal of the Policy
 Where existing NCD entitlement is 30%  Where existing NCD entitlement is 40%  Where existing NCD entitlement is 50%
 One  30%  40%  50%
 Two  Nil  10%  20%
 Three or more  Nil  Nil  Nil

Note: No Claim Discount Protection
        . Benefit is not applicable to cases involving the loss of NCD as a result of failure to report or late reporting of accidents as set out under the Policy.
        . Applies only when policy is renewed with the Company, and is not transferrable to the next insurer.
        . (Having) Does not mean renewal invitation or renewal terms are guaranteed for the next period of insurance.

Claims Information

To file a claim successfully with Sompo, you must report the incident within 24 hours, even if there was no damage or you are not making a claim under your own policy. The type of claim you file depends on how you submit it: Third Party or Own Damage (accident or damage) claims are to be filed at an ExcelDrive workshop and loss of use or windscreen claims can be filed by mail or by email (provided below). Similar to other insurers, if you are late in reporting an accident you will receive a 10% penalty on your NCD.

  Contact Information
Car Accident and Emergency Breakdown Assistance +65 6226 3323
Customer Service Hotline +65 6461 6555
Claims Email (for windscreen claims) claimsreport@sompo.com.sg
Claims Information Claim Forms
Mailing Address 05-01/06 Land Tower, Raffles Place, Singapore Land Tower, Singapore 048623
 

Usefull Links 

Click here to download  Policy Brochure for Sompo Car Insurance

Click here to download  Policy Wording for Sompo Car Insurance

Click here to download  Approved  Reporting Center for  Sompo Car Insurance

Emergency Assist Number 65 6226 3323

Insurance Market is a market place where we are serious about insurance and where professional parties come together to transact insurance only in the best and most responsible manner. Insurance Market offers a wide range of general insurance products (such as travel insurance, maid insurance, pet insurance and more) online and life insurance through personal advice from our qualified brokers.If you need to compare Sompo to other car insurers, you can check Insurance Market to help you about car insurance and to know more about different insurance policies.We sell car insurance plans from 12 different insurers .

 

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  • Get discounts the moment they are live
  • Save time due to autofill of your info
  • 24/7 access to your policies online
  • Control your spend on insurances
  • We are based in Singapore
  • All your information is safe and secure