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What does commercial vehicle insurance cover?
Comprehensive: Coverage if you get injured, and injure other people, in an accident. Pays for the other party’s injuries and car damage. Covers fire/theft for your own vehicle, and covers injuries you suffer in car accidents.
Third-party + fire/theft: Coverage if you injure someone else in an accident. Pays for the other party’s injuries, and car damage. Covers fire/theft for your own vehicle. Does not cover injuries you suffer in car accidents.
Third-party only: Coverage if you injure someone else in an accident. Pays for the other party’s injuries, and car damage. Does not cover your own injuries/vehicle damage.
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How much is commercial vehicle insurance in Singapore?
Commercial vehicle insurance prices depend on several factors:
– Type of vehicle (van, lorry, chiller truck, etc.)
– Model and brand of vehicle
– Age of vehicle
– No. of insurance claims filed, and any No Claims Discount (NCD)
Because of these factors, annual premiums vary widely – they can range from $500/year to over $1,500/year, per vehicle.
Use our premium calculator to check how much you could save when you use Provide as your insurance broker.
What are the benefits of using Provide for commercial vehicle insurance?
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