The car loan interest rate is the amount you pay for borrowing money to purchase a car. It can be a fixed or variable rate depending on the financial institution you borrow from, and depending on the terms of your loan. Learn more about car loan interest rate here. A new car loan would carry [...]
In times like these, you are on the look out for the cheapest motor insurance that would provide adequate coverage for your car but not break your budget. But getting the cheapest motor insurance can prove to be a hassle, especially if you do not know where to start or what to do. The good [...]
Criminalise false accident reporting to insurers. DRIVERS who make false statements on a vehicle accident to insurance companies, take note. The Motor Insurance Taskforce, set up last September to address the issue of rising motor- insurance premiums, said yesterday that it is proposing to criminalise false accident reporting to insurers. The taskforce’s members include the [...]
MOTOR insurance’s losses shrank to $44.5 million last year …from 2008′s record loss of $214 million. This is due to better underwriting discipline and an initiative to improve claims reporting, according to General Insurance Association (GIA) yesterday. Although the motor insurance’s losses has shrank, the sector is still in the red and personal injuries claims [...]
Ever wonder how your car insurance excess works? Want to know how you can use this excess to your advantage? Learn what an excess is and how it works, why insurers want to implement it and how can you use it to your advantage.
Car insurance premiums can become very costly for car owners, but it is an expense that they cannot do without. Fortunately, there are ways to reduce your car insurance premiums…
Traffic accident reporting is now required by law. The Motor Claims Framework which was introduced by the General Insurance Association of Singapore took effect on June 1, 2008, requiring traffic accident reporting and laying out the procedures to follow in case of an accident…
Car insurance premium in Singapore is based on a point system that follows 2 categories of factors. Firstly, the characteristics of the driver insured, and secondly, the characteristics of the vehicle. Learn how insurance companies in Singapore price their car insurance premiums in this article.