Motor Insurance – Commercial Vehicle

In Singapore, it is required by law for all users of a motor vehicle to have a valid insurance policy.  To drive a vehicle on the roads without a motor vehicle insurance policy is an offence regarded most severely.  The penalty is a fine of up to $1,000 or imprisonment of up to 3 months, or both.  This is certainly most painful, especially for those who depend on their license for their livelihood (e.g. taxi drivers).


All motor insurances need to be renewed yearly.  However due to market’s inflation, premiums are being raised higher and higher each year with some companies revising their premium rates without informing policy holders.  Sadly, some policy holders never realise it until it is too late.  Upon receiving the renewal notice issued to them, they just blindly renew their policy and forget about it soon after.


We will help you source for more competitive insurance premiums with the most extensive coverage.


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