Buying Car Insurance in Singapore | Essential four C’s of Car Insurance

Car Insurance | Insurance

You must know about the right steps to take before purchasing car insurance in Singapore. It can be a distressing experience if you are in a car accident. However, you can avoid bleeding money due to such unfortunate situations. By knowing about the four C’s of car insurance. We recommend you do thorough homework and research well before deciding upon car insurance. To ease your research process, read this blog to learn about the essential four C’s of car insurance.

First, you need to Keep your ‘Calm’

 One of the essential 4C’s of car insurance is being ‘calm’. While most of us easily panic in unpredicted situations but keeping calm is of utmost importance. When we are panic-stricken, we easily lose focus and sight of things. And that can be very dangerous. Well, it is not always possible to stay alert, calm, and focused. Especially in a disturbing situation, but a calm and composed mind is vital.

In case of a car accident, try to keep your cool and figure out if you or your co-passenger has any injuries or needs medical attention.  If you are doing fine, then take a look at your surroundings and find out what are the damages. Find out if there are other vehicles involved in the accident, if other people are injured or if it seems like a case of foul play. These minute details will help you claim your car insurance easily.

‘Collect’ All Information 

Second, on the list of four C’s of car insurance is ‘collect’ all information. All kinds of information, no matter how minute is vital for claiming car insurance. While it may not be the first thing on your mind when you are caught amidst a shocking accident, claiming your insurance can get tricky if you don’t have them. Make sure you have information such as contact numbers, vehicle registration numbers, NRIC/FIN numbers, and the name of the insurer of all the vehicles/parties involved in the accident. These details will be required to file for your car insurance.

Additionally, it is advised you take pictures from the scene of the accident, close-up photos of damages, photos of the license plate, etc. for an easy claim. Keep in mind not to sign any note to other parties involved in the accident as it may land you in a soup later!

Make a ‘Call’ to your Insurance Company

Number three on the list of essential four C’s of car insurance is to make a ‘call’. The sooner you call your insurer the better! This requires no extra effort except you have to quickly report the car accident to your insurance company. You should call the insurance within 24 hours of the accident to avoid any issues later. So, giving a little context to things in a car insurance claim – first, get medical attention (if you need it), and then call your insurer!

‘Contemplate’ the No-Claim Discount 

Lastly, comes the No-Claim Discount or NCD is an added advantage when you buy car insurance. If you do not have any claims since the time you purchased your car insurance, then you are eligible for a huge discount for every year’s premium paid by you. However, many insurers impose a hike on your premium basis on the NCD. So, you need to be the best judge of what claims to make. If the damages to the car are minute or superficial then, it’s best you pay for them out of your own pocket rather than wasting your years of NCD.


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