Car Insurance Companies
Car insurance companies in Singapore provide car insurance coverage for more than 1million vehicles. If you purchase a vehicle; you would most likely come to contact with any of the car insurance providers.
Therefore, we recommend all car owners to learn more about the auto car insurance companies as one of them eventually becomes your car insurance provider. Request for car insurance quotes from different car insurance companies through SingaporeCarInsurance.org today.
Number Of Car Insurance Companies
The total number of car insurance companies in Singapore is ever growing; in the past, we had only 2 to 3 car insurance companies in Singapore. In 2016, we have more than 40 different car insurance companies serving Singapore. We can help you obtain various car insurance companies quotes; find out more about us and ask for a car insurance quote online today.
How Do Car Insurance Companies Operate?
Car insurance companies usually partner with people to work as their representatives; these people are commonly known as car insurance agent. A car insurance agent is a channel that people can go through to purchase their car insurance. Other channels include the car insurance broker, banks, car workshops and car insurance quotes online.
Types Of Car Insurance Companies
After months of research, we concluded that 4 types of car insurance companies exist in Singapore:
The well-known car insurance company has a long history in Singapore; most people recognise them.
The lesser known car insurance company do not have as much visibility and reputable than the well know car insurance company. However, it does not mean they are lousy or bad.
A life insurance company provide life insurance as well as general insurance.
A general insurance company solely promotes general insurance.
Advantages Of Each Type Of Car Insurance Companies
- Well Known Car Insurance Company – Well-funded and have a good reputation built over the years.
- Lesser Known Car Insurance Company – They might just provide you with superior service or better car insurance rates as they are trying to win market share.
- Life Insurance Company – You get to purchase your life insurance and car insurance from the same company.
- General Insurance Company – They specialise in general insurance; what more can we say.
Disadvantages Of Each Type Of Car Insurance Companies
- Well Known Car Insurance Company – As most people purchase from the well-known car insurance company, they have a larger client base. This means a longer waiting time when trying to get through the customer service hotline.
- Lesser Known Car Insurance Company – They might just go bust; however, if it happens, our friendly government, the Monetary Authority of Singapore will step in and salvage the situation.
- Life Insurance Company – They specialise in life insurance; get it? Life insurance.
- General Insurance Company – They do not provide personalised service that car insurance agents provide.