Car insurance under 25
Car insurance under 25 in Singapore is increasing in demand. This is because of the increased number citizens owning both a vehicle and car license at a younger age. Although in other countries, they do provide discounts for students and graduates under 25 purchasing a car insurance to match their financial reality; it is not the case in Singapore.
Despite that, it is still possible to get a good car insurance for people under 25 as age does not affect the insurance coverage that one can receive. Age, however, is one of the factors affecting car insurance premium cost. At SingaporeCarInsurance.org, we understand the financial difficulties of a person under 25 and will do our best to find the cheapest car insurance without compromising much of the coverage amount. Find out more about us and request the car insurance quote online.
Why Is Car Insurance Under 25 More Expensive?
Car insurance for people under 25 is more expensive because car insurance companies regard them as risky drivers. The global statistic shows that younger driver tends to involve in more road accidents than mature drivers; this may be due to their lack of driving experience or dynamic energy levels.
Ways To Reduce Car Insurance Under 25
Although, most car insurance Singapore companies do not provide any under 25 car insurance discount. An individual under 25 can reduce his car insurance premiums using many other methods; here are 3 unique ways which he can use to reduce his car insurance premiums.
- Purchase A Lower Performance Car – A lower performance car has lower engine capacity and horse power. Given its performance, it may discourage a driver under 25 from speeding.
- Get Married – In the eyes of car insurance companies, people who have families will be more cautious and responsible in driving thus get into fewer traffic accidents.
- Complete The Safe Driving Course (SDC) – On 2015, the Singapore traffic police introduced the safe driving course to educate drivers on safe driving. Although taking the course may not reduce the insurance premium cost, it clears 3 demerit points accumulated by a driver. However, car insurance companies in Singapore may provide a discount for drivers who cleared the SDC in the future as it is a common practice globally.
Purchase Car Insurance Under 25
Purchasing a car insurance for anyone under 25 may be a challenging task but not an impossible task. The easiest way to obtain a car insurance is to outsource the task; at SingaporeCarInsurance.org, we reckon we can help you find the best car insurance best suited for anyone under 25.