Hi ,

Zest Here!

Lately, I have helped a few customers find better car insurance premiums due to their claims history. Here are some tips that might be useful for you.

Not all car insurance policies are the same. Insurers offer different benefits to meet individual needs. For example, some provide a temporary replacement car while yours is in the workshop or a daily transport allowance.

Lower premiums often come with hidden restrictions, like who can drive the car, where you can get it repaired, or whether new or used parts are used.

Higher-priced policies usually cover all authorised drivers and offer more flexibility in repair choices.

Different excess amounts may apply when authorised drivers have an accident. Please check your last renewal letter for the details.

Interestingly, gender and marital status can also affect premiums.

Married male drivers often pay less, while unmarried female drivers are seen as less risky. This may be because married women are more likely to be ferrying children to school or daycare, hence spending more time on the roads.

These points below are what we consider before advising our clients what plans suit them:

• Are there restrictions on who can drive the vehicle?

• How much excess will you be required to pay if you need to make a claim?

• Does the policy require you to take your damaged vehicle only to authorised workshops listed in your policy for repairs?

• Will reconditioned parts be used for repairs?

• What risks or events are covered, and for what period? (For example, some policies do not cover flood events.)

Have any questions? Click the button below to email me!

Ask a Question!

Zest Chia

Executive Wealth Consultant | Associate Estate Planning Practitioner |

Licensed General Insurance Advisory

Looking for ways to generate income from investments?

Infinity Financial Advisory is an official distribution partner of investment platforms like Tiger Brokers, Philips, iFAST & Navigator.

We help you generate 5%–7% per year in dividends and keep your capital safe. You can start investing as little as $100 a month!

If you are looking for professional guidance on how to improve your investment journey and experience, feel free to reach out! 

DISCLAIMER;

This message contains privileged and confidential information from Infinity Financial Advisory Pte Ltd. If you are not the intended recipient of this electronic message, please do not disseminate, copy or take any action in reliance on it. We request you notify us immediately before deleting this message. Any views expressed in this message or attachment/s are those of the individual sender and are not necessarily the views of the company. Infinity Financial Advisory Pte Ltd uses virus scanning software and while due care and attention is taken; the company excludes all liability for any loss or damage caused whether directly or indirectly by any computer virus or other defects transmitted with any email and any attachment(s), to the extent permitted by law. It is sent on the strict condition that the user carries out and relies on its own procedures for ensuring that its use will not interfere with the recipient's systems including but not limited to scanning this email and any attachment(s) for viruses and defects before opening or sending them on. The recipient assumes all risk of use and releases the sender from all responsibility and liability for any direct or indirect consequence of use.