Are you searching for a good car insurance plan to buy? You must be going through the websites of different companies and also various options there. But is it just enough to have a cross-check of the different insurance policy plans in order to get the best deal?
The ultimate answer is NO. There are various personal factors that have to be taken in account in order to get a good deal on the car insurance price. Though there are different personal risk factors that can be considered but here are some of the important factors that maximum of the insurance companies take into account these days.
Your Driving Skills
Your driving skills and profile is an important factor to settle your cost for car insurance in Singapore. The insurance companies take into consideration a number of points such as the number of miles that you travel using your car, the speed at which you drive, the control that you have on your steering and many others. These are factors that can judge that what the chances of you meeting an accident are.
If you are using your car only for a few events of course, the chances of meeting accidents get reduced. Again, if you have a habit off driving at a reasonable speed and also you are not much into rash driving, you can stay safe from accidents. People who have a good control on the wheels and the brakes, are considered t avoid accidents quite often. If you fall into this category, there are high chances that you can save a good amount on your car insurance.
The Car Type That You Have
Your driving skills are not the only thing that will be considered. Another important point that is counted by the insurance companies is the car type that you are driving. There are many cars that are considered as safe car as they are made for family and hence the chances of meeting an accident are less. On the other, if you are going for options like a sports car or so, there are high chances of meeting an accident on a busy road of a place such as Singapore.
Many of the insurance companies maintain an updated list of car models describing which of these are prone to accidents and which are safe. If you have bought a car that is not safe as per the list, then you may have to pay extra for the insurance. This means you can save money if you get a car that is safe as per the list.
Personal details such as age, occupation, salary structure and lifestyle are also important factors that have to be taken into consideration. This is because these factors tell a lot about the person and the chances of him meeting an accident. For example, a 40 years man is much more responsible than a teenager and hence the chances of accident for a 40 years man are much lesser than a teenager.
Similarly, an army person is disciplined and knows his limits. But on the other hand, a party lover is often found drinking and driving. Again here the chances of accident in case of an army person are much lesser than the latter. Hence, these points of course, do make a difference in the cost of the car insurance in Singapore.
Credit scores are again an important factor that these days many of the insurance companies take into consideration. Credit scores are required for loans, getting a credit card and many other financial requirements. It is also helpful in getting insurance plans at a good deal. If you have maintained a good credit score, you are sure to save a good amount at the car insurance purchase. Talk to your insurer and you can know more about it.
When you apply for car insurance, you will come across a number of benefits. But to avail these benefits, you also need to make sure that you match up the requirements. The above-mentioned are some of the most important personal factors that you should take care of. If you can maintain these personal factors, surely you can get successful at saving great at the car insurance purchase.