Buying a vehicle, such as a motorcycle, is one of the biggest achievements in your life. New motor owners would often feel protective over their vehicle and take the necessary steps to protect their vehicle in case of any unforeseen happenings. Just like how you carefully decide which motorcycle is the best, choosing the right insurance cover is also a crucial step in making sure that your motor vehicle is secured. Given the benefits of motor insurance, it’s only natural to ensure you partner with the best company that can give you these perks.
If you’re looking for the best motor insurance company to entrust your motor vehicle’s safety, fret not! To help you, we’ve come up with the 6 best companies that offer motor insurance in Telok Ayer.
Note: This list is strictly not in order.
1. India International Insurance
India International Insurance has catered for the needs of citizens in Singapore and the region for more than 70 years. With their team of 100 trained and experienced professionals, they are dedicated to providing their expertise, capacity and financial strength to insurance programs for their clients. With the aim to be the leading general insurance company in Singapore, their high professional standards and business ethics support the economic activity and growth in the country.
India International Insurance offers different types of motor insurance plans including a comprehensive or first-party coverage plan which covers damages to your own vehicle as well as damages to TP vehicles and legal liabilities to all third-party involved; a third party coverage motor insurance plan which covers only your legal liability to a third-party claim for bodily injury, death and damage to third-party vehicles; and third-party fire and theft plan which cover damages arising out of a fire or theft of your vehicle.
Website: https://www.iii.com.sg/motor-insurance/
Contact Number: +65 6347 6100
Address: 64 Cecil Street, #04-05, IOB Building, Singapore 049711
Opening Hours: Mon-Fri 8AM-6PM | Closed on Sat&Sun
2. China Taiping Insurance (S) Pte Ltd
China Taiping Insurance offers insurance for your motorbike in Singapore – whether you own a commercial or a private motor. With the company’s AutoExcel and AutoSafe motor insurance plans, rest assured that your motoring needs are met smoothly and safely. This insurance company has been in the field of business for over 80 years now, so if you engage in their services, you can drive with confidence and enjoy the road knowing that you and your motorbike are well-insured.
If you use a commercial vehicle, you can enjoy benefits such as a choice of workshops where you want to have your vehicle repaired, NCD protector benefit, complimentary windscreen benefit of up to S$500 windscreen reinstatement, option to increase your Third Party Property Damage up to $1 million, and additional coverage for events such as strikes, riots, floods, typhoons, cyclones, tornados, hurricanes.
Website: https://www.sg.cntaiping.com/en/personals/landing-protection/protection/motor-insurance.html
Contact Number: +65 6389 6111
Address: 3 Anson Rd, #16-00 Springleaf Tower, Singapore 079909
Opening Hours: Mon-Fri 8.45AM-5.30PM | Closed on Weekends
3. MSIG Insurance
With the aim to exceed the expectations of its customers and clients, MSIG Insurance is sincere in its commitment and dealings with clients. In order to succeed in its mission which is to contribute to the development of a vibrant society and help secure a sound future for the planet, the company enables safety and peace of mind through global insurance and financial services. MSIG Insurance is the leading general insurer in Singapore with a solid presence for over 100 years in the country.
MSIG Insurance offers private motor insurance which covers your motor vehicle against accidental damage and theft; you can select a plan to suit your needs and budget with their wide array of choices including car loan protection which offers $100,000 worth of car loan benefits to cover any loan; new for old replacement which replaces your motor vehicle with a brand new one when it becomes irreparable after an accident; transport allowance which gives you allowance in case it takes longer than expected to fix your car; and instant quote which you can save and retrieve online within 30 days.
Website: https://www.msig.com.sg/insurance/personal-insurance#motor
Contact Number: +65 6827 7602
Address: 4 Shenton Way, #21-01, SGX Centre 2, Singapore 068807
Opening Hours: Mon-Fri 8.45AM-5.30PM | Closed on Sat&Sun
4. NTUC Income
As Singapore’s leading composite insurer, NTUC Income offers products and services that serve the protection, savings and investment needs of different life stages and for all segments of society. With their innovative, data-driven and omnichannel approach that puts them at the forefront of customer-centric solutions, the company rapidly evolves the need and empowers better financial well-being. Established in 1970 and the only insurance co-operative in the country, NTUC Income is committed to creating a positive social impact through its products, services and well-being.
With NTUC Income motorcycle insurance, clients will receive reimbursement of expenses incurred for vehicle repairs, choice of three plans and coverage based on their riding needs, coverage for third-party property damages arising from accidents, and the option to pay with flexible credit card instalment payment plans. In addition, the company offers two value-added services: orange force where you can get roadside assistance from their accident response team and a motor service centre which serves as your one-stop solution for accident reporting and reliable vehicle repairs.
Website: https://www.income.com.sg/motorcycle-insurance
Contact Number: +65 6788 1777
Address: 53 Ang Mo Kio Ave 3, #03-18/19, AMK Hub, Singapore 569933
Opening Hours: Mon-Fri 9AM-5.30PM | Sat 9AM-3PM | Closed on Sun&PH
5. Liberty Insurance
Liberty Insurance is a 100% owned strategic business unit of Liberty Mutual Insurance Group; the company offers a wide range of personal and commercial insurance products including property, liability, motor, home, personal accident, medical, work injury, property, employee benefits, marine cargo and bonds. With its aim to achieve profitable growth and remain among the top ten general insurance companies, Liberty Insurance earned a reputation for keeping its promises and consistency to provide protection for the unexpected and deliver it with care.
Liberty Insurance believes that nothing beats the feeling of riding your motor vehicle knowing that it is covered with insurance to protect it with their comprehensive coverage terms that include extra benefits. The company offers comprehensive accidental loss or damaged by fire, theft, or other insured causes and third-party, fire and theft services. In addition, the owner is under a comprehensive legal liability for cases of death or bodily injury to a third party, loss or damage to third-party property and legal costs and expenses.
Website: https://www.libertyinsurance.com.sg/motorcycle
Contact Number: +65 6221 8611
Address: 51 Club St, Singapore 069428
Opening Hours: Mon-Fri 8.30AM-5PM | Closed on Sat&Sun
6. EQ Insurance
EQ Insurance built its initial insurance success through the construction-related industry and has since grown to underwrite all classes of non-life insurances including motor, casualty, property, finpro, marine as well as accident and health insurance to a diverse group of personal and commercial clients. With a strong management team with more than 350 years of combined insurance experience, the company is rapidly growing and partners primarily with agents, brokers, and financial advisers in their professional services in order to come up with solutions for their clients.
With EQ Private Motor insurance, you can assure a worry-free trip on the road due to their services. Flood cover which covers your vehicle during natural disasters such as flood, typhoon and earthquake; vehicle repairs which reimburses your expenses for repairs done at their panel of quality workshops; medical expenses which cover expenses incurred by you or any authorised drivers or passengers as a result of accidents;
Website: https://www.eqinsurance.com.sg/Product/eq-private-motor
Contact Number: +65 6223 9433
Address: 5 Maxwell Road, #17-00, Tower Block MND Complex, Singapore 069110
Opening Hours: Mon-Fri 8.30AM-5.30PM | Closed on Sat&Sun
Conclusion
In unforeseen circumstances like accidents, theft, or natural disasters, motor insurance covers the owner from any financial losses incurred, which is beneficial for you and your motor vehicle. With various companies out there that offer benefits like insurance, investing in the best one can be a challenge. The list above contains five of the best motor insurance companies in Telok Ayer, so be sure to check them out and inquire about their services.
