Choosing motorcycle insurance is a cherry-pick as you opt for the best types to work with. Currently, there are myriad options to choose from that spoil you for choice in Singapore. However, you must be familiar with your way around working with motorcycle insurance services in Singapore prior to getting one. Here are the essential things to consider before purchasing motorcycle insurance in Singapore.
1. Weigh out different insurance options available
You can purchase three primary forms of motorcycle insurance: third-party insurance, comprehensive and third-party fire and theft insurance. Both can fit into your budget and plans pretty seamlessly, but it’s always prudent to weigh out for the proficient ones to work with. Third-party insurance won’t cover you or your motorcycle but the person you affected in the accident.
Conversely, third-party fire and theft motorcycle insurance compensate for thefts or fire damages, while comprehensive motorcycle insurance provides more extensive coverage. It’s always commendable to choose which of the three suits you better.
2. Avoid modified motorcycles
Motorcycle insurance companies will avoid you like plaque if you seek insurance to cover your modified motorcycle. The logic behind that is insurance providers perceive modified motorcycles as more targeted by thieves than when they’re in the original manufactured state. Besides, it seems more costly to repair modified parts than when they’re in their original form. Whether you buy it that way from a second-hand dealer or modify it yourself, your future efforts of getting motorcycle insurance coverage could prove futile.
3. Don’t go for expensive motorcycles
If you need to get your luxury motorcycle insured, you must be okay with paying huge premiums altogether. Logically, expensive motorcycles require costly repairs or compensation, meaning you’ll need to pay heavy premiums. If your budget allows for it, you can opt to insure it. But if that’s not your case, a cheaper motorcycle would do you good.
4. Find good motorcycle quotes
Always weigh out the different motorcycle insurance quotes before settling for one. It won’t bite doing some due diligence to find the most proficient one to work with eventually. Luckily, there are numerous options to choose from in Singapore, and you can find the most proficient motorcycle insurance company to work with by visiting https://www.directasia.com/motorcycle-insurance/. Good motorcycle companies offer the best bang for your money, have incredible customer support and trade the best quotes to work with.
5. Monthly premiums accrue more
Remember that paying a monthly premium could accrue you more than paying a lump sum annually. However, it eventually comes down to individual preferences. Monthly payments can be lenient on your budget, but you’ll pay more as the year closes. Conversely, paying an annual lump sum would save you a fortune in the long run and can be cheaper than you imagine.
Insuring your motorcycle is an essential consideration if you want to keep safe from dealing with accidents, theft, or unexpected motorcycle losses. However, it’d help to consider a few critical things before getting insurance services. Always weigh out the numerous options available, know the type of insurance you want to work with, and you’ll find the vest quotes that appeal to you eventually.