About one-sixth of Car drivers are considered “dangerous driver or high-risk drivers” by insurance companies in Singapore. What does it really mean to be a high-risk driver?
If you are a stereotypically risky driver—someone with lots of speeding tickets, reckless driving habits, and stacks of demerit points on-record, it’s probably no surprise that insurance companies are not leaping at the opportunity to ensure you and accept you into their risk pool. But there are other, less obvious things that could make you a higher risk in the eyes of insurers. dangerous drivers are:
- too old or too young
- Have poor credit
- Drive a sports car
- Live in a high-density area
So the big question is what to do if you fall into this category? Well, Insurance Market is here for your help. Send us your details to email@example.com or whatsapp 91681213 and we will find the best insurance cover for you. We need the follwing details to get you a quote :
- Driver age, marital status, gender
- Number of driving years experience
- Car make and model and year of registration
- No claim discount and number of claims in the last 3 years (probably o 🙂
- Occupation and demerit points
Insurance market works with 10 Car insurers and will, not withstanding your “dangerous driver” profile get you the best quote with the best comprehensive coverage.
Etiqa is the insurer that applies the lowest young & inexperienced driver limit (coverage from 24 years old or driving experience less than 2 years ). That comes at a price; namely that of a high excess (own risk) for of $4,000.
Read more about Etiqa Car insurance in the following article.
Just because you’re a high-risk driver doesn’t mean you should have to accept sky high premiums without batting an eye. As with any important financial decision, it’s really important to shop around and compare the options. While you are probably not overjoyed by being labeled high-risk, options abound that will have you safely insured and on the road in no time. You will still be paying more than you would if you were not labeled as a high-risk driver, but shopping around is definitely still worth your while.