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Axa car insurance
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Liberty car insurance
Car Insurance useful tips
Use Approved Workshops.
Choose the approved workshop car insurance plan whenever possible for lower premium, better quality and service.
Buy NCD protector.
If your NCD is already at 50%, we suggest the buy the NCD protector so in an event of a first accident, you will still keep your 50% NCD.
Limitations of use.
Check annual allowable mileage, work use, and young drivers conditions. It is good to check the annual allowable mileage and whether the insurance company’s policy covers these events.
Check how far north you can travel.
Some insurance companies’ policies only allow you to travel up to certain towns in Malaysia, which others allow you to go all the way up to the border to Thailand.
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Just answer a few basic questions about yourself and your car & get online quotes immediately within seconds for Auto insurance also called as Vehicle insurance. If you have a little patience we can get you even more quotes for four wheeler insurance. Just leave your name and number and we will reply with more quotes within a working day.
Insurance Market
Since we are a broker we have many insurers on our portal. Currently, we work with 6 insurers. You can get quotes from MSIG Car Insurance , Liberty Car Insurance, Sompo Car Insurance, Etiqa Car Insurance, Axa Car Insurance and Hong Leong Car Insurance.
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Use our platform to compare your car insurance policies. Don’t only check price, but also coverage. To help you we provide our coverage rating so you can check value for money easily for each Car Insurance Policy.
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Since we are a broker, our loyalty is towards the customer. We will always give you unbiased advice and support to choose the Best Car Insurance or Cheapest Car Insurance or Best Comprehensive Car Insurance which suits your needs.
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Frequently Asked Questions

Car Insurance companies offer three main types of motor insurance policies;

  • Comprehensive car insurance covers repair or replacement of your vehicle if it is damaged or lost as a result of theft, accident, vandalism or weather-related damage. It also covers accidental loss or damage to your car, its spare parts and accessories and liability of claims from third parties for damage to property and people. Comprehensive coverage differs significantly from one insurer to another. You must purchase this policy if your car is financed. We recommend you also buy this type of car insurance if you don’t have enough savings to replace the car, or are economically dependent on it.
  • Third Party, Fire and Theft Cover car insurance covers injury and damage caused by your vehicle to another party’s vehicle or property, it also covers your vehicle if it is stolen or damaged by fire. To purchase this policy, you must not have any loan financing your car. You should also make sure you have enough savings to replace the car, especially if you are economically dependent on it. For newer cars it is better to get comprehensive car insurance.
  • Third Party Cover car insurance covers liability claims from third parties for injury and damage to their vehicle or property caused by your vehicle. To purchase this policy, you must not have any loan financing your car. You should also make sure you have enough savings to replace the car, especially if you are economically dependent on it. For newer cars, it is better to get comprehensive car insurance.

In Singapore, there are two types of motor insurance scheme. Authorised Workshop or Any Workshop. An authorised workshop is one that has an arrangement with the insurance company and hence the scheme has a lower premium because the insurer has control of the repair cost.

A reason for people to choose the “any workshop” scheme is because they have a certain car make which can only be fixed in designated workshops.

If you have not made any claims for a year or more, you are entitled to a No-Claim Discount (NCD)). The NCD reduces the policy premium for the following year. This is for the car insurance company to recognise you for being a careful driver. The following table shows how the NCD is set by all insurers across the industry.

In principle, your car insurance NCD applies to you and not to your vehicle. For example, if you sell your vehicle and buy another one, you will retain your NCD. However, if you own more than one vehicle, you might have a different NCD for each vehicle. You should check the details with your insurer, but generally your NCD can be transferred to another vehicle owned by you, but it can’t be applied to more than one vehicle at any point in time. Your NCD cannot be transferred to another person.
Not necessarily. All car insurance companies in Singapore use a guide called the Barometer of Liability Agreement (BOLA) to determine how much each party is liable in an accident. The BOLA is designed to speed up claims processing. It does not diminish your right to contest liability under the law. Under the BOLA, your NCD will not be affected if your liability is 20% or less in an accident involving an identified vehicle. In all other cases, your NCD may be affected.
Some car insurance companies may allow you to buy protection against the loss of the discount. By paying a small amount of extra premium (add-on), you can make one claim during the year, and still have the discount fully protected.
Motor insurance premiums change constantly and insurers will compete for different profiles of drivers in order to balance their risk portfolio. Therefore, your current insurer might not be able to give you the best premium. Insurance Market helps you to save money or get better terms on your motor insurance through comparing quotes instantly.
1 to 1.5 months in advance will be good, so that you have ample time to renew your Road Tax and get your car inspected and passed, if you need to.
You will be paying to Insurance Market Pte Ltd. Insurance Market is a licensed by the Monetary Authority of Singapore to collect premiums on behalf of insurance companies.
You can choose to renew it through Online Banking, Automobile Association, AXS machine, or Singapore Post Office.
Excess, also called deductible, is to the first amount of the claim, which the insured has bear. If the insured has an excess of S$500 and the total repair costs S$3,000, then the insured has to pay S$500 while the insurer pays the remaining S$2,500.
The insurance company normally imposes some excess as this would serve as a form of co-insurance. With an excess, the insured would tend to be more careful because if a claims occur, the insured also has to be out of pocket and contribute towards the claim. In general, the higher the excess, the more careful would be the insured and hence the lower risk of having a claim, to reduce frivolous (unnecessary and avoidable) claims.
Yes. You can choose to pay a hire premium to have lower excess. If you are a PHV (Private Hire Vehicle) driver, you can also insure the high excess from less than $4.00 a day. Kindly contact Insurance Market Pte Ltd and we can arrange it for you.