As you’re most likely aware, it is illegal to drive without the minimum level of car insurance coverage in Singapore. All drivers must therefore obtain motor insurance that at least includes third party coverage, which protects the insured against bodily injury and death to third parties in an accident. The legal necessity to secure coverage has borne with it many questions from drivers concerning the various stages of obtaining, managing, and paying for motor insurance, chief among them being: “What are the most common car insurance payment options?” In our goal of bringing transparency to the world of motor insurance, this article provides an overview of the most common car insurance payment methods and intervals in Singapore.
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