Is it illegal to drive a car without insurance in Singapore?

The Singapore Motor Vehicles (Third-Party Risks and Compensation) Act stipulates that someone found driving a motor vehicle in Singapore without insurance coverage will be guilty of an offense and liable upon conviction to a fine of up to S$1,000, imprisonment for up to 3 months, or both.

What is own damage excess?

A car insurance excess is the sum payable, from your own pocket, before your insurer covers the rest of the damages. Under your insurance policy, if you have an excess of $500 and the repair costs – of an unfortunate accident – amounts to $3000, you'll only need to pay $500. Your insurer covers the remaining $2500.

Can I claim my own insurance for accident?

When to make an own damage claim. You may want to make an own damage claim if: You are at fault for an accident. You are not at fault, but the other party makes the report in their own favour, and you may not be fully compensated.

What do you do in a minor car accident in Singapore?

Right after the accident has occurred, check if all parties involved are injured. If anyone is in need of medical attention, call for an ambulance at 995 immediately. Do not move the bodies or vehicles while waiting for help.

Can you drive a car without insurance Singapore?

All vehicles must have motor insurance coverage to be used in Singapore. It is a requirement for your vehicle to be insured for the entire road tax renewal period before its road tax can be renewed. The insurance must at least cover third-party liability for deaths and bodily injury.

Is driving without insurance a serious offence?

But attempting to drive without car insurance is very risky and could end up costing you thousands of dollars, your driving license and even jail time.

What does own damage mean?

You are at fault for an accident. You are not at fault, but the other party makes the report in their own favour, and you may not be fully compensated.

What do you mean by own damage insurance?

Own Damage insurance provides coverage for your car in case of damages, theft or loss. This type of insurance plan is beneficial if you already have Third-party insurance for your vehicle. Since Third-party insurance covers only third-party injuries, death or property damages, you should buy OD cover for your car.

Is it better to have high or low excess?

Generally, a higher excess is considered higher risk. But it might save you money right now. If you're an infrequent driver and mostly have your car safely stored then the level of risk may be low and the savings could be great.

What does it mean by excess in car insurance?

An excess is a payment you'll need to make if and when you make a claim on your Car Insurance, and your insurer accepts that claim. This amount is confirmed when you take up or renew your policy, and the money goes towards the cost of repairing or replacing your vehicle.

Can I claim on my own insurance?

For your convenience, you can lodge your personal accident or medical expenses claim under your car insurance policy. As a policyholder, you can claim medical expenses for yourself, or for your authorised driver and passengers. Contact us to make a claim.

What if the other party does not report an accident?

Policyholders face serious consequences if they fail to file an accident report, as this constitutes a breach of the insurance policy condition. The insurer is entitled to repudiate liability, resulting in the insured's loss of protection under the policy.

What can I claim from a motor accident?

  • Medical fees.
  • Transport costs.
  • Repair costs.
  • Substitute vehicle rental costs.
  • Loss of salary.
  • CPF savings contributions before the trial.
  • Survey fee.
  • LTA fee.
25 Mar 2022

Do I need to report if private settlement?

Do I need to report an accident if a private settlement is made? Yes, always report all accidents to your insurer even if you have made a private settlement. This is for recording purposes because you cannot be fully certain that the other party will not file a claim against you later.

Do I need to report a minor car accident?

Yes, you should. Failure to disclose accident history compromises on your No-Claim Discount (NCD) if you get caught. Insurers like AIG, Budget Direct and AXA expect policyholders to make car accident reports within 24-hours or by the next working day.

What would you do if you got into a minor accident?

Keep yourself and others safe. If you can't get out of your car — or it's not safe to try — keep your seatbelt fastened, turn on your hazard lights, then call 911 if possible and wait for help to arrive. If the collision seems to be minor, turn off your car and grab your emergency kit.

Do I need to make a police report for a car accident Singapore?

You are only required to report the accident to the police if someone is injured in the accident or if it involves government/foreign vehicles, government property, cyclists or pedestrians. Should you require further assistance, please call our 24-hour claims hotline at 6221 2199 or +65 6540 2199 if you're overseas.

Is it worth going through insurance for minor accident?

Medical bills after an accident can be expensive, even if the injuries are minor. Using your insurance could save you a lot of money that would otherwise come out of pocket.

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