But rather than simply clicking auto renew when the time comes, follow these insurance tricks and cut the price of your premium.

Shop around

Most insurers don’t reward loyalty. The first thing you should do when your insurance renewal comes up is to shop around for the best quote possible.

Limit your mileage

The fewer miles you cover, the less time you’ll be on the road and the less likelihood there is of having an accident. It’s easy to check your approximate annual mileage by looking at your car’s MOT certificate.

You can either compare the most recent one with the previous year’s, or see how many miles you’ve done since it was issued and then work out your annual mileage from that.

Consider a higher excess

The excess is the amount that you contribute towards a claim before the insurer pays out. The insurer’s logic is as follows: the more excess you pay, the more care you’re likely to take, so the less risk you represent and hence the cheaper the premium. If this leaves you feeling exposed, you can even take out a separate policy to cover your excesses on multiple insurance policies these days.

Avoid adding multiple drivers

One valuable piece of car insurance advice is not to add too many drivers to the policy. The more drivers, the greater the risk. However, if you add your other half, you may save money. If your partner is on the policy, you’ll probably be driving with them in the car. That, insurers think, makes you a lower risk.

By James Foxall

See Full Story at www.telegraph.co.uk

The post Few tricks to cut the price of your car insurance appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.

This is the million-dollar question — and ultimately a personal decision. I’ve met plenty of people who travel without travel insurance and I’ve contemplated doing the same.

But after over 6 years of constant travel, hearing horror stories from other travelers, and getting into a few dangerous predicaments myself — if someone asks for my opinion on the subject I answer with:

YES. Everyone should carry some kind of health/property insurance when traveling.

Why? Because shit happens. Whether you think it will or not. Despite your best-laid plans and preventative measures. Sure, if you sprain your ankle, it might not be a big deal.

But what if your appendix bursts? Or your bus crashes? Or you contract a deadly disease? Or require medical evacuation after breaking your leg?

These things definitely happen to travelers from time to time, and could cost you tens (or hundreds) of thousands of dollars. Without insurance, you’re screwed!

My recommendation is based on listening to countless first-hand tales of disaster from other travelers, as well as my own personal experiences.

by Matthew Karsten

See Full Story at expertvagabond.com

The post Do You Need Travel Insurance? appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.

Don’t panic, there are a number of simple, yet effective tips and tricks that can help reduce the cost of your motorbike insurance. And we’ve put some together for you, here:

DO SOME ADDITIONAL TRAINING 

If you’ve just passed your test, you could be considered a higher risk to insure compared to those that have had their licence for a long time. To help reduce this risk, there are some advanced rider training courses you can take to improve your biking knowledge & hopefully, your insurance premium.

Courses available include the police-run BikeSafe and the government’s Enhanced Rider Scheme.

 ADDED SECURITY 

Most motorbike insurance companies will give you an increased discount based on the security measures in place to keep your bike safe.

Obviously, the best place for your bike is a secure garage. But if you don’t have access to one of these, anything like an alarm, lock or chain does have the potential to reduce the cost of your premium.

GET AN OLDER BIKE

Nine times out of ten, brand new motorbikes are going to cost more to insure than older bikes – most of the time they’re faster, have better technology and are more likely to get stolen.

Riding a bike that’s 2 or 3 years old can help reduce the cost of your insurance and might be easier to handle if you’re new to riding.

By CAROLE NASH

See Full Story at www.carolenash.com

The post Tips that can help reduce the cost of your motorbike insurance appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.

Here, we look at the number of home insurers that offer home emergency cover and whether it’s worth including this cover in your home insurance.

Is your home insurance falling short?

Defaqto’s research found that, of the 390 home contents insurance policies on the market, only 21% include cover for home emergencies. Similarly for buildings insurance – which protects the structure of your property – only a quarter of the 271 policies on the market offer home emergency cover as standard.

What is home emergency insurance?

Home emergency insurance is designed to protect you against a range of emergencies that could affect your home suddenly and require immediate action

Where can you get home emergency cover?

Home emergency cover can be bought in a number of ways, aside from adding it to your home insurance policy.

It can be bought as a standalone insurance policy, of which there are currently 104 available on the market. Certain packaged bank accounts also offer home emergency protection, or you may be able to buy cover from your utility provider.

Before you buy any cover, it’s really important to check the terms and conditions to make sure that you get the level of protection you need and don’t get caught out if you have to make a claim.

By Brean Horne

See full Story at www.which.co.uk

The post Will your home insurance protect you this winter? appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.

If you cannot get a better price when shopping around and you are struggling to afford your renewal premium with your current insurer, here are some steps you could take.

The post Top five tips to help save you hundreds on your car insurance appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.

Taking a closer look at insurance, you can count on the fact that without it you would lose a lot more money in particular circumstances. Yes, paying insurance might seem like a step back from profit, not a step forward, but considering the aftermath of an accident or a natural calamity, it’s quite safe to say that you are making a beneficial investment. There are lots of different insurance types, and people insure what they think they need to protect the most. Here are some of the insurance types you might run into most often and should consider getting for yourself.

Health insurance

This one is mandatory in quite a few places, but many people don’t have it because they think it’s too expensive. However, in the eventuality of you ending up in the hospital or being in need of medication or otherwise health care, having insurance is extremely important and not having it limits the medical staff in what they can and cannot help you with.

Property insurance

Property insurance protects your property from all sorts of harm and makes sure you are reimbursed in a situation where you lose your property, or it gets damaged. For example, if your house burns down, having insurance is extremely important, and while you might think that you are saving up a lot of money by avoiding insurance, you are gambling under extremely dire odds because your assets and belongings would also be gone and they may exceed the amount you save tenfold.

Vehicle insurance

Just like health insurance, this is something many countries deem a mandatory necessity. You can’t drive on the main roads in many countries without having insurance, and it is for a good reason. Getting into a vehicle accident can be extremely costly, not to mention there is the risk of personal injury as well. Having insurance makes sure that you can sustain the costs of car repairs, not to mention any other costs that might appear in the aftermath of an accident.

Life insurance

While this is a rather somber thing to think about, many people get life insurance as a form of protection for their loved ones. In the case in which the person with life insurance dies, his survivors are reimbursed and receive payment as per the agreed policy. Of course, it’s the kind of payment no one really wants to receive, but it’s better than not having anything in that kind of sad scenario.

By Steve Biddle

See full story at praguepost.com

The post Don’t know what kind of insurance to get? Here are the most common types appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.

Here’s the Tips To Find the Right Insurance Plan

1.  Check Out Cheap Insurance Companies

   Sometimes it is best not to go with the big name insurance companies, especially if you are a new driver. There are many cheap insurance companies out there these days, and they often offer special rates for new drivers. Sure, your rates are still going to be higher than the rates of more experienced drivers, but they will still be less than what other larger insurance companies will charge.

2. Take Driver’s Education and Driver’s Training Classes

   You can save a lot of money on auto insurance by taking driver’s education classes. New drivers are hard to insure because they are not always aware of the rules of the road, and they are inexperienced. By taking driver’s training, you can show that you have some driving experience, and that you are fully aware of the rules of the road.

3. Get on Your Parents’ Insurance

   You can save yourself a lot of money on auto insurance if you ask your parents to include you on their policy. As long as you are still living at home and are under a certain age, or you are at college or an accredited center for higher learning, you will be able to be covered by their policy, even if you are driving your own vehicle.

See Full Story at driving-tests.org

The post Tips To Find The Right Auto Insurance Plan For New Drivers appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.

Veteran travel reporter Ed Perkins, who writes for SmarterTravel, says cancellation insurance only makes sense if you have a non-refundable ticket or cancellation penalties “that amount to more than you can afford to walk away from — thousands not hundreds of dollars.”

“The policies the airlines sell are pretty meager,” Perkins said. “If you need travel insurance, you generally need more than the policies the airlines sell.”

Perkins suggests that if you want insurance, skip the airlines or the travel website and use a site such as InsureMyTrip, QuoteWright or SquareMouth to compare various policies from different companies. You want to look for coverage and exclusions.

For travel outside the U.S., you may want to consider international travel insurance to cover medical expenses should you get sick or injured while abroad. (Medicare does not cover foreign healthcare costs.) These policies will also pay for the staggering cost of medical evacuation if you need to be taken to a place with better medical care, and your health insurance plan does not cover the expense.

By Andrew Burton

See Full Story at www.nbcnews.com

The post When your Travel Insurance does make sense? appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.

If you’ve been wondering how to save money on car insurance, look no further. Listed below are nine effective tips that will help you reduce your car insurance bill in a significant way.

1. Know Your Options

When you’re getting ready to purchase car insurance, you might be tempted to stick with the same insurance provider you’ve always used.

Don’t assume that they have the best rates or are the best option just because they’re familiar. Instead, shop around and consider all your insurance options before you make a decision.

This will help you ensure you’re getting the lowest rates possible. You might also find out about insurance providers with great rates that weren’t even on your radar before.

2. Shop for Insurance First

If possible, shop for insurance before you purchase a car. In many cases, insurance premiums will vary (in part) based on the price of the car.

Insurance companies also take into account the cost of repairs to the car, the likelihood that someone will steal it, and its safety record. If you choose a car that insurance providers consider a safe, reliable, and affordable model, you’ll likely be able to get better insurance rates.

When you’re comparing insurance policies, use the type of car you’re considering and try out a few different options to see how the price changes.

3. Choose a High-Deductible Plan

One easy way to lower your insurance costs is to choose a plan with a high deductible. High-deductible plans come with lower premiums. The catch, though, is that you have to pay more out of pocket before your insurance will kick in.

If you’re a relatively safe driver driving a reliable car, you can likely get away with a high-deductible plan. Make sure you have the money set aside to cover repairs and other issues, though, before you make this decision.

See Full Story at thyblackman.com

The post 9 effective tips that will help you reduce your car insurance bill appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.

Here are the top car insurance tips that first-time buyers can use to save money and gain peace of mind.

Know your state’s minimum car insurance requirements.

Most states mandate that drivers carry bodily injury and property damage liability insurance at a bare minimum. Every state has different required liability limits, so make sure you read up on them.

The minimum coverage required by your state, however, may not be enough to provide you adequate financial protection. For instance, you could still be on the hook for large sums of money if you cause an accident and you don’t have collision insurance to cover the repairs. A bare-bones policy might also not provide enough coverage to replace a new car that’s been totaled or pay for severe injuries suffered by other drivers and passengers injured in a crash.

Decide how much coverage you need

The amount of coverage you’ll need will vary based on your age, where you live, vehicle type, miles driven and credit score.

In addition to liability coverage, auto insurance policies also offer a variety of different coverage options as add-ons to the base coverage.

• Personal injury protection (PIP) covers you (and you passengers) if you sustain injuries in an auto accident. This can potentially cover funeral expenses and lost wages.
• Uninsured motorist coverage covers you for damages caused by an uninsured or underinsured This also covers you in the case of hit-and-run accidents. Some states require uninsured motorist coverage.
• Collision insurance covers you for damages to your car, truck or SUV sustained in a collision with another vehicle.
• Comprehensive insurance covers your car for all damages that are not related to a collision with another vehicle, such as hitting an animal, fire, theft, vandalism and falling objects.

Keep in mind that if you have a sizeable auto loan, you’ll likely be required to purchase enough collision and comprehensive insurance to cover the amount of the loan should you get into an accident.

By DREW HOUSMAN

See Full Story at www.bankrate.com

The post Top Car insurance Tips that First-time Buyers can use to save money appeared first on Insurance Agency Singapore | Commercial Insurance and Personal Insurance.