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  • Claire Vorster

6 Clever Ways To Save On Insurance This Chinese New Year

Good things may come to those who wait. But isn’t it good to be on the look out for ways to get ahead? Ways that make life simpler and easier? Success in anything starts with little things. Little slip-ups or small wins can make all the difference between make or break. Especially when it comes to finances. Often, the best outcome comes down to what you know. At DirectAsia, we know about insurance. So here is practical advice for Singaporeans wanting to make the most of their insurance. Save yourself time and money this CNY by reading our handy tips. 1. Look For A Plan Built Around Your Needs

Not everyone has the same needs. Look for a plan that allows you to only pay for what you need.

Example Why buy annual travel insurance when single trip cover starts from only $19? The answer depends on how you travel.

If you only ever take one or two trips out of Singapore a year, Single Trip insurance is usually cheaper. But, if you will travel more than 3 times a year, our annual travel insurance plan was made for you. Buying an annual travel plan saves you time as you only buy once to cover a full year of travel and you also enjoy substantial savings over booking each trip individually.

Smart tips on how to save on car insurance here.

2. Simplify

“Get all of your insurance from one provider. Insurance companies often give a discount if you have multiple policies with them. Plus, this saves you the hassle of having to pay more than one company.”

Example Insure a second car with DirectAsia – Get 10% off car insurance.

3. Shop Around For Deals

Shopping around for insurance can be a simple, effective way to reduce the price you pay for cover. Insurance companies often have promotions that are available regularly.

Example Current DirectAsia insurance promotions: Refer a Friend (car) – Get $50 Flashpay Card Refer A Friend (motorcycle) - Get a $25 Shopping Voucher Buy a new insurance policy for newer car - Get $100 Flashpay Card Install an in-car camera – Get 4% off car insurance Vespa Lover? Join the Vespa Club Singapore - get 10% off Motorcycle Insurance

4. Buy What You Need – No More

“Do some research before you buy. Figure out how much and what kind of insurance you need, and don’t buy more.”

Example A low mileage insurance plan is a great way to save money if you drive an Off-Peak Car or simply want to purchase low cost coverage for a second vehicle that gets used less frequently. You get all the coverage you'd usually enjoy but you pay less.

5. Shop In Your Pajamas

The internet - where else can you shop in your pajamas? You get to shop any time you like and be done in minutes. No trawling for a parking space, no waiting for someone to help you. You can make price comparisons, review and share product information. Plus it’s cheaper!

Example You can save 20-45% more on your insurance because you're buying direct from an actual insurance company, not a middleman. 6. Read your policy “You should read and understand certain parts of the document from the start, and it's a good idea to know how to read the rest of the policy in case you suffer a loss and need to make a claim. The ability to read and understand your policy prepares you to work and negotiate with an adjuster and avoid the trap of depending on coverage interpretations from well-intentioned but clueless friends and neighbors or confused reporters, says Christopher Boggs, education director of the Insurance Journal Academy of Insurance.”

Need Help? At DirectAsia you can talk to a local, dedicated insurance expert. Call us on 6665 5555, we are right here in Singapore.

Our Commitment To You

We are committed to finding new ways to offer you real value for money. If you want excellent insurance delivered by local people who go the extra mile, see how you can benefit from low-cost car, motorcycle and travel cover to suit you.

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