Multi Car Insurance Singapore
Multiple cars under an insurance policy
The only type of motor insurance cover that insures multiple cars under a single insurance policy is a fleet car insurance policy.
In Singapore, depending on which insurer you want to be insured with, you need a minimum of 10 to 15 cars with the same registration dates in order to start a fleet car insurance policy.
The benefit of insuring vehicles under one fleet insurance cover is that it will be cheaper than insuring each vehicle separately as insurers generally give a discount even before the No Claim Discount (NCD) kicks in.
There is also less paperwork involved as you only have to deal with one policy for the cars registered under your company.
For fleets with less than 10 cars and / or with different vehicle registration dates, you have to insure them individually under separate car insurance policies.
At elloAuto, we understand it can be cumbersome to fill up multiple car insurance applications.
So we have made it much easier for you to request for multi car insurance quotes with only one form submission.
With the help of licensed representatives, you get to access car insurance quotes from multiple insurers in Singapore, and the process of getting your cars insured will also be simplified as much as possible.
Multi Driver Car Insurance
Usually, clients who need fleet car insurance or multiple car insurance policies are car rental companies and companies who provide company cars for their employees.
While insurers require at least 1 driver to be named for private cars, insurance applications for company cars and rental cars do not need named drivers if the car is not a sports car or high performance car.
Drivers authorized by the policyholder will be covered as long as they observe and fulfil the terms of the fleet motor insurance policy.
For rental cars, insurance excess is typically higher to mitigate the risk of multi drivers.
Young drivers and / or inexperienced drivers with less than 2 years of driving experience will be subjected to additional excess as these drivers are considered higher risk than other drivers.
Car Insurance Companies
elloAuto connects you to representatives from financial advisory firms who can help you get motor insurance quotes across multiple insurers in Singapore:
AIG Asia Pacific Insurance Pte Ltd
Allied World Assurance Company Ltd
AXA Insurance Singapore Pte Ltd
China Taiping Insurance (Singapore) Pte Ltd
ERGO Insurance Pte Ltd
Etiqa Insurance Pte Ltd
First Capital Insurance Ltd
India International Insurance Pte Ltd
Liberty Insurance Pte Ltd
MSIG Insurance (Singapore) Pte Ltd
NTUC Income Insurance Co-operative Ltd
SOMPO Insurance Singapore Pte Ltd
The Overseas Assurance Corporation Ltd
Tokio Marine Insurance Singapore Ltd