Motorcycle insurance, motorcycle insurance Singapore

It is a known fact that motorcycle riders are more likely to get into an accident compared to those in cars. Not to mention that motorcycle riders are more likely to get seriously injured. Motorcycle insurance in Singapore can help protect you, your bike, as well as any third party from any damages should you be in an accident. We are listing down some of the benefits motorcycle riders can get when they purchase insurance for their motorcycle.

1. Compliance

If you own a motorcycle, it is required by law that you have motorcycle insurance. Without motor insurance, there is a possibility that you will be caught. Getting caught on your motorbike without valid insurance will get your license suspended or revoked. You can also face fines as steep as $1,000. By owning even the most basic motorbike insurance, you are complying with traffic regulations and you effectively avoid the harsh penalties.

1. Coverage & Claims

Different insurance plans cover you from paying hefty expenses should you get into an accident. The simplest insurance plan you can get for your motorcycle is the third party liability insurance plan. This type of motor plan protects you from damages incurred by a third party. This means that should you get into an accident with a car or a motorcycle, your insurance company will pay for the damages incurred by the third party. This can be a huge advantage and it could potentially save you a couple of dollars. Another plan to add to the first is the third party with fire and theft. Apart from the coverage stated above, this type of insurance also includes coverage for your vehicle in an event of a fire and theft. The highest level of motorcycle coverage plans is the comprehensive insurance plan. This type of insurance plan covers you similar to the first two and covers your vehicle from any damages incurred.

1. Flexibility

There are so many different insurance companies available now but not all of them provide the best plan for you. Look for a good insurance company that can adapt their insurance plans to your needs. Not only will they be able to give you a motorbike insurance plan that suits your needs but it will also be able to save you money. Most motor insurance companies provide flexible add-ons to your insurance plan so you can make the most out of it. Medical expenses, personal accident, and round the clock breakdown assistance will give you improved motorbike insurance.

1. Peace of Mind

Perhaps the most important benefit you can get from buying motorbike insurance is that you can relax knowing your insurance company will be able to cover you in an event of an accident.

Monthly payments for your vehicle insurance are a small price to pay when it comes to the possible risks you take when you are on the road.

What benefits do you get from your motorbike insurance? Do share with us your experiences with your motorcycle insurance in the comments section below.