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Drive less to save more for your motor insurance

By PetrolHead on 04 Apr 2012

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Are you a driver who does not use his vehicle too often? We have good news for you.

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DirectAsia.com an award winning online insurer has launched a new car insurance aimed at leisure drivers. This first of a kind motor insurance is available to drivers who use their car less than 8,000km per annum. You do receive all the coverage but just at a reduced premium, including Off-Peak cars.

Interestingly drivers who drive less than 8,000km per year are less prone to accidents. As such DirectAsia would like to reward such drivers by providing savings to their premiums. Through introduction of such premiums motorists can be expected to save between 10 to 15 percent, all you have to do is drive less.

CEO of DirectAsia.com Simon Birch commented the new low mileage based insurance saves motorists money if you do not drive frequently or you possess a second vehicle that is not used often. He is also delighted to be the pioneering company to offer such a service in the tropics.

DirectAsia.com, is a new and innovative online insurance provider that began operations back in June 2010. As a dedicated direct personal lines insurer, DirectAsia.com provides fast and easy access to insurance needs online.

They are fully licensed and regulated by MAS (Monetary Authority of Singapore). The company’s services include car, travel, home and personal accident insurance through their online portal, over the phone and its customer service centre in the CBD.

DirectAsia.com is fully owned by Whittington Group, an international insurance investment business headquartered in Singapore, and is reinsured by Munich Re, one of the world’s leading reinsurers.

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PetrolHead
Written by PetrolHead
A passionate motoring enthusiast since little, Akram's articles gives alternative insights on the latest motoring news.



  • 1
Dwee Apr 05 2012 09:35 AM
Is definitely a piece of good news for those who drives less . .
Alpha78 Apr 05 2012 10:20 AM
So every year when renewing the premiums, the owner has to submit the odometer reading? How about the alleged tweaking of odometers, will owners now be tempted to do that just to ensure they stay within the mileage limit, and to save on premiums?
Nightsky Apr 06 2012 12:19 AM
"Interestingly drivers who drive less than 8,000km per year are less prone to accidents" - YOU DON'T SAY? Obviously if you drive less there is a corresponding decrease in the probability of being involved in an accident.

This is nothing interesting, merely statistics

As a advertising spiel, please brush up on your english, then work on your content.

Next better writer please.
Directasia May 25 2012 03:14 PM
Hi Alpha78 - they don't need to submit a new reading each year. You only need to submit a reading in the first year at the start. The policy will just add 8,000kkm each year to the original reading. This also means that if you only add 6,000km one year then you can add 10,000km the next year!

Essentially the system is self policing. If you have an accident and are over the limit then you'd have a higher excess. So in order to get the most out of the insurance at the time of claims you need to be honest about your usage.

Please bear in mind that repairs can only be done at our authorised workshops. This helps to deal with the situation where people might be tempted to tamper with the odometer.

We already found that those who've bought our new low mileage policies have save an average of $150 over the standard car insurance. And our prices for standard car insurance were already the best in Singapore!
Directasia May 25 2012 03:47 PM
It's perhaps worth adding that you don't have to worry about going over the 8k limit. If you feel that you are going to go over that limit then you can always call us and for a small admin fee we can switch you over to a standard policy. There's therefore no risk of your policy being voided and claims rejected. I hope that helps ...
Dwee Jul 24 2012 02:10 PM
If not for sgCarMart , I will not know of this insurance company..
Directasia Sep 18 2013 12:54 PM
Hi Dwee, thanks for this, and sorry for the late reply - just curious as to why you wouldn't have heard of us except through SgCarMart?

In case it's of interest we've got a number of blog posts up over the last few months which hopefully help show how this new low mileage car insurance product works in practice, and helps make things clearer:

How Off-Peak Car Drivers Save Even More

Why Pay More, for Less?

How Limiting Car Usage Can Cut Driving Costs – And Congestion

Giving Off Peak Car (OPC) Drivers a Little Extra Help

I Forgot To Buy My e-licence – Help!

I hope these are of interest …
  • 1
 
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