SINGAPORE\u00a0– Media OutReach<\/a> – 14 May 2021 – <\/b>Despite
1. \u00a0\u00a0\u00a0 <\/b>Vehicle Make and Model<\/b><\/p>\n
Continental cars, luxury cars and SUVs
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2. \u00a0\u00a0\u00a0 <\/b> Age of Car <\/b><\/p>\n
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New vehicles are obligated to higher
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3. \u00a0\u00a0\u00a0 <\/b> Experience & Age of Insured <\/b><\/p>\n
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4. \u00a0\u00a0\u00a0 <\/b> Vehicle Modifications <\/b><\/p>\n
5. \u00a0\u00a0\u00a0 <\/b>Claim History<\/b><\/p>\n
Lastly, claim history is also added to
Conversely, individuals with good driving records and no past claims within one
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Revolutionising
Reflecting DirectAsia’s relentless
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SINGAPORE\u00a0– Media OutReach – 14 May 2021 – Despite
global economic disruptions brought about by the COVID-19 pandemic, car
insurance premiums remain steep in Singapore. In a bid to help car owners make
informed decisions about their vehicle insurance coverage and ensure
accessibility of car insurance, DirectAsia, Singapore’s leading
online insurer, points out that individuals …<\/p>\n","protected":false},"author":1,"featured_media":14707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14706"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=14706"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/14707"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=14706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=14706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=14706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nglobal economic disruptions brought about by the COVID-19 pandemic, car
\ninsurance premiums remain steep in Singapore. In a bid to help car owners make
\ninformed decisions about their vehicle insurance coverage and ensure
\naccessibility of car insurance, DirectAsia<\/a>, Singapore’s leading
\nonline insurer, points out that individuals must first be educated on the
\ndeterminants of one’s policy. The organisation thus puts its support behind car
\nowners by revealing several factors that insurers weigh when pricing out a
\nquote.<\/p>\n
\n![](\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/150325\/car-driving.jpg#image-150325\")
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\n
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\n
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\nare typically tied to higher insurance rates. These can be attributed to the
\nimporting fees and expensive parts. On the contrary, vehicle owners can
\nanticipate lower insurance rates when owning a car from Japanese or Korean
\nbrands.
\n
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\n
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\n
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\n
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\ninsurance rates as the potential costs of repairing or replacing the car parts
\nare being considered. The rates dip as the car ages and stay at a minimum when
\nthe vehicle reaches ten years or more.
\n
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\n
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\n
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\nGiven that younger drivers have a higher propensity to take risks while driving
\nand pose a greater likelihood of being involved in car accidents, insurers tend
\nto charge higher rates for this age group. This also applies to novice drivers
\nwith less than two years of experience behind the wheels. Following that are
\nsenior drivers above the age of 65, who may have higher risk of accidents on
\nthe roads.
\n
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\n
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\n
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\nCar modification is one of the lesser-known factors that could raise your
\ninsurance premium. Despite that, DirectAsia emphasises the importance of
\ndeclaring any modifications to the insurer or prospective insurer, as
\nnon-disclosure may result in future claims being repudiated.
\n
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\n
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\nthe equation. If a single claim above $10,000 or two or more claims were made
\nin the past three years, insurers might add on loading fees, which results in a
\nhigher base premium. <\/p>\n
\nyear or more are entitled to no claim discount<\/a>(NCD). This
\ncan go up to 60% at DirectAsia.
\n
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\n
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\nCar Insurance in Singapore and Beyond <\/b>
\n
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\nBesides understanding the rating factors, DirectAsia highlights that finding
\nthe right insurer to meet an individual’s unique lifestyles, preferences and
\nneeds is equally critical. <\/p>\n
\n
<\/p>\n
\ncommitment to delivering unrivalled value are its tailored and transparent
\npolicies, complemented with exclusive promotions<\/a>\u00a0and optional benefits<\/a>\u00a0like NCD Protector
\nPlus, Compensation for Loss of Use and more. Both experienced and inexperienced
\ndrivers can expect highly customisable motor insurance policies from the
\naward-winning insurer. <\/p>\n
\n
<\/p>\n
\n
\n Interested individuals can
\nreach out to DirectAsia for a no-commitment quote here<\/a>.\u00a0 <\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"