Multi Car Insurance
Multi car insurance is for car owners who own more than 1 vehicle. It is popular overseas as people tend to purchase more than 1 vehicle because of the lower vehicle prices compared to Singapore. In Singapore, the multiple car insurance is absent because most car owners do not need it. If you own multiple vehicles, you can count on SingaporeCarInsurance.org to find the best car insurance for your vehicles.
Multi Car Insurance Benefits
As we mentioned car insurers in Singapore do not offer the multi car insurance benefits. However, these are the multi car insurance benefits should car insurance companies decide to offer the policy in our shores.
- Multi-Car Discount – If a car owner who has more than 1 vehicle purchase a multi-car insurance; he will receive a multi-car discount for every car he owns (up to a maximum limit of 5 vehicles).
- Tracking – Rather than keeping track of individual car insurance policies; a multi-car insurance covers all his vehicle under 1 policy. Thus, allowing the owner to easily renew the car insurance.
- Convenience – If a car owner purchases car throughout the year, he can easily add the cars to the multi car insurance policy.
Multi Car Insurance Disadvantage
Nothing is perfect in this world; this applies to the multi-car insurance as it comes with its disadvantages. The clear disadvantage of having a multiple car insurance policies is the tracking of no claim bonuses and discounts. Complications may arise when a car owner decide to transfer your no claim discount or change car insurer or covert his multi car insurance to individual car insurance policies.
Purchase Multi Car Insurance Alternatives
Sadly, multi car insurance is not offered in Singapore, however, at SingaporeCarInsurance.org, we specialise in help owners with multiple cars find the suitable car insurance in Singapore for each of your vehicles. Request for your car insurance quotes online.