Want to save on car expenses in Singapore? Start by having the right insurance cover

Ever lamented about the costs that go into upkeeping your car each year? Well, you’re not the only one.

But here’s the good news: there are ways in which you can reduce these costs so that you can reap the full benefits of your car without settling for anything less.

One of the simplest ways to do so is by choosing the right car insurance – and we’re here to show you how.

Start by finding the right balance

With insurance making up of your car’s total cost over 10 years, you might be thinking: if I want to save on my car expenses, shouldn’t I get the cheapest car insurance at all costs?

Well you’re not entirely wrong, but since when is life ever so straightforward?

In fact, when it comes to car insurance, it’s more important to find the sweet spot between cost and coverage so you’ll get the best bang for your buck than to focus on just getting the cheapest coverage around.

This is where FWD’s Car insurance may be a suitable and cost-effective choice.  

Our Car insurance offers the right balance of affordability and coverage which caters for maximum savings or benefits – depending on your preference – so you don’t have to sacrifice on either.

You’ll have the option to choose from three plans – starting from our Classic plan which offers a well-rounded coverage that includes vehicle repairs, free 24-hour roadside assistance during breakdowns, towing costs, medical expenses, transport allowance, and more.

And if your car is driven by anyone other than yourself, enjoy the added benefit of automatically insuring any driver who drives your car without having to name them on your policy, when you opt for our Executive or Prestige plan.

Alternatively, you can purchase this feature as an add-on to our Classic plan so that your trusted family and friends can continue driving your car while being covered.

With this well-rounded coverage that our Car insurance has to offer, you could end up saving a lot more in the long run since no one can predict if and when an accident, rainy day, or unfortunate incident may occur – regardless of how good of a driver you are (or claim to be) or who’s driving your car.

Save even more by driving safely

Speaking of good drivers, you might be familiar with the term NCD (or “No-Claim Discount”) – a welcome reward for careful drivers who do not make any claims for a full year.

Simply put, the NCD reduces the premium that drivers pay when you renew your car insurance. And once you’ve secured your NCD50, you can enjoy a whopping 50% discount on your next renewal¹.

But while your NCD increases with each year of renewal, your hard-earned NCD could also be reduced (in some cases, to zero) if you make a claim.

Here’s where FWD’s Car insurance comes to the rescue yet again.

FWD is the only insurer to offer a lifetime 50% NCD if you’re our loyal customer. This means that you can permanently enjoy your 50% NCD at no extra cost, even in the unfortunate event that you have to make a claim.

In such cases, you’ll be relieved to know that we’ve approved 98.9%² of all Car insurance claims for 2 consecutive years.

After all, we understand that even good drivers can make mistakes and the last thing you need is to be punished for them.

FWD’s Car insurance is a win-win solution

With car insurance being mandatory, choosing the right insurer is a simple way to offset your car ownership costs.

With FWD’s Car insurance, we’ll help you save lives and money too – even if you slip up a little. All you have to do is stay with us.

So start saving on your car expenses by choosing FWD as your insurer today. Get a quote within a few minutes here.