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In Singapore, when you apply for a compulsory car insurance, the insurer needs to know all information about you to assess business risks accepted you and understand your needs of a policyholder. Only when these two conditions are met, then it is required that insurers a premium of your car insurance.

Usually these are the sets of questions Asked by insurance companies that provide auto insurance:

• Has the recent claims (third or claim) and what is the amount
• Have you ever received a ticket or been charged for an offense of driving
• Who will drive the vehicle and how many years of driving experience is the conductor.
• If you have not been in an accident in the last years, you get to enjoy a NCD (no claims bonus) discount. The discount from 10% to a maximum of 50%. It is rewarding careful drivers. Of course, if you later have accidents, which will reduce the bonus of NCDs.

Based on a number of factors including those listed above the insurer can calculate how much you need to pay for your next renewal. Different insurance companies have different claims, which means that you can get different premium quotes. As a result, it is better for you to get several quotes from his agent. For convenience, you could get top 3 Citation href = "http://www.3carquotes.com"> http://www.3carquotes.com You will save time search and compare the numerous quotes that you receive.

Last but not least, it is also important to answer all questions honestly. This is because doing so can justify the policy to be void or affect the level of payment in the event of a claim.

About the Author:

Anna Chong writes for Singapore Motor Car Insurance Website http://www.3carquotes.com. You can also follow 3CarQuotes on Twitter at www.twitter.com/sgcarinsurance

Article Source: ArticlesBase.com – Why is it Important for the Singapore Car Insurance Company to Know All Your Details