Buying car insurance can be stressful especially, if you don’t know the basics. This is regardless of whether you rely on an agent or online shops whilepurchasing an auto insurance policy. Despite the internet making it simple for car owners to compare rates and policies, you might still be confused with the unfamiliar terms that most car insurance companies use.
That aside, today we will examine some of the important things you should know regarding car insurance. Keep reading to clear your doubts before searching for cheap car insurance in Singapore.
Know the Difference between Comprehensive and Collision Coverage
One of the biggest area of confusion with car insurance is understanding the difference between comprehensive and collision insurance. Actually, it is not surprising to come across a car owner who believes the comprehensive part of the policy coversdamages to their vehicle after a collision. What they fail to realize is that these two policies work independently.
With comprehensive insurance, you cover your car against theft and damage caused by any other incident other than collision. Among the most notable incidents covered include;vandalism, floods, fire to name a few. Collision policy on the other hand compensates you for damage to your vehicle after a collision with another car.
You can Lower Your Auto Insurance Cost
You can lower your car insurance cost in a number of ways. For instance, you could consider reducing your coverage or raising the deductibles. If you are not into this, then it would be better to look for an insurance company that offers discounts for multiple cars, low mileage or even to safe drivers. However, such companies are hard to come by and hence you will need to exercise patience if you are to find one.
The Bottom Line
These are some of the things you need to know before buying cheap car insurance. Take your time in carrying out a detailed research if you are to find out what the insurance company expects from you. It is only then that you are destined to get an average car insurance and enjoy money-saving benefits.
