How can safe driving save me even more money?
If you have not violated any traffic rules for three consecutive years, you are entitled to a Certificate of Merit from the Singapore Traffic Police.
Should your NCD be 30% and above for a private car policy or 20% for a privately owned commercial vehicle policy, some insurers may reward you with a further 5% discount upon presentation of your Certificate of Merit.
For details, please visit the website http://www.ecitizen.gov.sg
[source: General Insurance Association of Singapore]
The Certificate of Merit (COM) entitles a driver to a 5% discount on vehicle insurance premium from participating insurance companies, over and above his No-Claim Bonus (NCB).
A driver is eligible for a COM if, at the point of purchasing a car insurance coverage, he/she has maintained for the past 3 years, a continuous demerit-point-free driving record. This means that, if a driver has committed a traffic offence any day in the 3 years immediately before an insurance purchase that resulted in him/her being 'awarded' demerit points, he/she would no longer be eligible for a COM on the day that he/she purchases the insurance.
We can check for your eligibility for Cert of Merit or Safe Driver Discount (SDD), simply fill up the form here, and we'll send you one of our best competitive quote for perusal.
|No||Insurance Company Name|
|1||ACE Insurance Ltd|
|2||Allianz Insurance Co of Singapore Pte Ltd|
|3||American Home Assurance Co - S'pore|
|4||AXA Insurance Singapore Pte Ltd|
|5||China Insurance Co (Singapore) Pte Ltd|
|6||EQ Insurance Company Ltd|
|7||Federal Insurance Co|
|8||First Capital Insurance Ltd|
|9||HSBC Insurance (Singapore) Pte Ltd|
|10||India International Insurance Pte Ltd|
|11||Liberty Insurance Pte Ltd|
|12||Lonpac Insurance Bhd|
|13||Mayban General Assurance Bhd|
|14||Mitsui Sumitomo Insurance (Singapore) Pte Ltd|
|15||MSIG Insurance (Singapore) Pte Ltd (formerly Aviva General Insurance Pte Ltd)|
|16||Nipponkoa Insurance Co Ltd|
|17||Overseas Assurance Corporation Ltd|
|18||QBE Insurance (International) Ltd|
|19||Royal & Sun Alliance Insurance Plc|
|20||SHC Capital Ltd|
|21||Sompo Japan Insurance Co (Asia) Pte Ltd|
|22||Tenet Insurance Co Ltd|
|23||TM Asia Insurance Singapore Ltd|
|24||Tokio Marine & Fire Insurance Co (S) Pte Ltd|
|25||United Overseas Insurance Ltd|
Singapore Best Comprehensive and 3rd Party Fire & Theft Car Insurance.