MoneySmart has been at the center of assisting a host of Singaporeans in areas such as credit cards, home and car loans, insurance, bank accounts, and investments. The wealth of information and actionable insights available lead to sound decision-making that is typically synonymous with saving. Its car insurance comparison system stands out as a premier feature in helping to compare car insurance in Singapore, and it has continued to assist new and existing car owners in finding the best possible policies from an affordability and coverage standpoint.
The whole workflow boils down to an incredibly simple three-step process. The first of these three is the submission of your car’s details. The pieces of information include the make and model of your vehicle, as well as its year of manufacture.
The idea that MoneySmart aims to create minimizes the amount of paperwork and hoops you must jump through to get to your goal. Providing your information is, therefore, a short step on your way to getting covered.
Behind the scenes, MoneySmart has partnerships with no less than ten of the top insurance companies located across Singapore. Therefore, the comparison information you get is not based on someone researching behind the scenes.
Instead, direct information is being fed to the MoneySmart platform, which increases the accuracy of the information that’s being provided. Based on your vehicular insurance needs, multiple quotes and coverage options are compared in an easily digestible format for your review.
If the automated information is good enough, you can feel free to proceed to the next step. Note, however, that if more information is needed, MoneySmart has the expertise to provide it to you. At this point, you would speak to one of the qualified agents to address any inconsistencies or concerns that you may have going into the process.
The backend partnership comes to the rescue here yet again. Typically, comparison sites give you the figures and you must then follow the insurance provider’s designated application process to sign up for purchase.
The partnership integration that MoneySmart has takes it one step further by providing you with a minimalist application and the purchase option directly from the site. There is no need for alarm, as your contract and policy are still valid, even if you capitalize on this convenient application method.
Why MoneySmart Is Key
Singapore, like many other countries, mandates car insurance. Its requirement doesn’t translate to its affordability. So, it’s all but a blessing in disguise to have a free calculator that does all the work for you.
There is also the matter of the format of information provision. Thanks to MoneySmart, it’s hard to see how complex the concept of car insurance truly is. Even so, those who rely on the service develop a full appreciation for the process.
It speaks to the kind of expertise behind the MoneySmart brand. Relaying information effectively is one of the fundamental signs of understanding. So, even without a thorough comprehension of various legal precedents and statutes that an insurance company may speak to, prospective and existing car owners are well versed in the area.