g&m’s complimentary Accident Assistance means no more navigating industrial areas like Sin Ming, no more calling your insurance agent for authorized workshop lists, no more taking a day off to do reporting; giving you the freedom to get back on track anytime anywhere.

First off, save this number:

63332222

It’ll save you lots of hassle.

Let us explain:

The last thing you want to happen is getting into car accident on your way to the work appointment. For most cases, it will take anywhere from thirty minutes to an hour to conduct the necessary on-site procedures of getting to safety, exchanging personal information with the other driver, maybe calling for a tow truck.

Lurking in the background, however, is the part where you have to report the accident, to the police and to your insurer. The accident already ruined your day, and the process of reporting it to your insurer will truly ruin your week.

Don’t forget; regulation demands that you report an accident to your insurer within 24-hours of the incident.

Established motor insurers will have appointed authorized dealers as an Accident Reporting Centre. Other insurers may maintain their own list of Accident Reporting Centres; most likely workshops in Sin Ming or Ubi.

So, if you bought your luxury sedan from an authorized dealer and got your car insured by one of said workshop-accident reporting insurers, you would first have to go to an appointed workshop in the Sin Ming industrial area to do your reporting, and then bring your vehicle back to your authorised dealer to do your repairs. Just having to go to one of these locations alone would already take you the better half of a day. That’s two tiers of effort!

This bureaucratic system wasn’t intentionally designed to wear you down, but it does. At the end of it all, you’re none the wiser on where you should repair your vehicle, or how to make an insurance claim.

g&m has solved this problem for all our clients.

What our clients get with Accident Assist

We can proudly boast that we’re the first to design a new motor accident reporting process around your lifestyle; to minimizing the disruption to your routine. In collaboration with AJAX MARS, we have launched Accident Assistance so that you can enjoy these features:

• Access to a 24-hour hotline
• Ability to do Insurance accident reporting anywhere
• AJAX MARS commits a 30-minute turn-around time on site activation for accidents
• Appointment system for post-accident reporting at location of your choice (your home, for example)
• Advising on claims procedures
• Helping to arrange for tow of vehicle after an accident to your designated workshop

Instead of the tedium of possibly driving to multiple locations, our process takes you collectively less than an hour – and no driving deviation required away from your routine.

Don’t settle for a mediocre standard and don’t let that compromise yours; g&m is pushing a new paradigm.

All existing g&m Motor insurance customers* can call the 24-hour hotline at 63332222 and provide a copy of your Certificate of Insurance for authentication for this service.

*Offer not extended to NTUC and China Taiping motor policies

Despite Being Separate, Road Tax Renewal Requires A Sufficiently Long Enough Insurance Coverage
– Especially If You’re The Second Owner Of The Vehicle.

You might be asking yourself: Why can’t I renew my road tax?

You are definitely asking yourself this if you see this error text:

The most likely reason is a misalignment between the road tax period and vehicle insurance policy coverage.

Misalignment

First, a few absolutes:

• Road tax is only purchasable in six-month or 12-month periods.
• New insurance policies are purchasable in 12-month (or more) periods.
• Online Road tax can be renewed online after you have a digitally confirmed insurance policy.
• You need both road tax and vehicle insurance to legally drive your vehicle in Singapore. It is illegal to drive without adequate insurance.

This issue arises most commonly if you have purchased a pre-owned vehicle. This vehicle will most likely come with some period of road tax remaining (which the former owner purchased). Unlike road tax, insurance policies do not transfer along with the vehicle; and you will have to purchase a new insurance policy for yourself. Thus, this new policy and the old road tax will very likely not expire on the same day of the year – this is the misalignment, or policy “shortfall”.

However, this won’t be an issue until the period where you need to renew your road tax.

Realignment of insurance and road tax

• The graphic above shows road tax and insurance might suffer from a term disconnect. Owner 2 (you) purchases a second-hand car from Owner 1 in April, with a new insurance policy for the vehicle. Road tax for the vehicle, which Owner 1 purchased, still has eight-months left before expiry the subsequent January.
• Sometime later, Owner 2 tries to renew the road tax but is informed of insufficient insurance coverage, as there is not enough to coincide with six-months’ worth of road tax. There is a three-month shortfall between insurance and road tax.
• Thus, Owner 2 must extend his insurance policy by two months, in order to create a collective six-month insurance period to cover a new six-month road tax purchase. This policy extension will cover the shortfall.
• The LTA system will automatically update and recognise Owner 2’s insurance policy extension. Owner 2 can then purchase six-month’s of road tax, which will re-align his policy and road tax.

In a nutshell, g&m will help to extend your vehicle insurance policy to create sufficient runway for Owner 2 to buy the minimum six-months of road tax (alternatively, you could also buy one-year).

Give us a call or a send us an email, and we will extend your policy for the time required (the cost of which will be pro-rated to your current premium). Give us three working days, after which you can go back to the LTA portal and renew your vehicle insurance.

Last Minute Road Tax Renewal: What to Do?

Your Road Tax is due for renewal. You make calls to renew your car insurance so as to avoid the late Road Tax fine by LTA.

First, let’s revisit the prerequisites for Road Tax renewal.

1. Vehicle inspection: Your vehicle will first need to pass an inspection.  You will receive an inspection notice when it is due. For passenger cars, this occurs on the 3^rd year of registration, and every 2 years thereafter.
2. Motor insurance: Your vehicle will need to have valid insurance for the full period of the new road tax.

Say you’ve inspected your vehicle and contacted your insurer to renew your insurance. However, you are still being notified that you have insufficient insurance coverage. What went wrong?

When purchasing a car, do you feel pressurised to take up insurance through your car dealer? Our advice to you is to always try to source for alternative quotations online, or get an insurance broker to do the comparison for you – a broker’s duty is to understand your needs and to recommend the most suitable plans for you.

Some car dealers might impose a penalty fee (0) for not purchasing your insurance through them. But you might be surprised to learn that the cost savings from purchasing your insurance elsewhere could potentially exceed 0.

When your car insurance is due for a renewal, you’ll also benefit from shopping around for various quotes to compare. If you find a cheaper deal elsewhere, try asking for a price match from your existing insurer.

Due to the competitive market, there are now many reputable workshops in Singapore where you can repair cars at affordable rates.

In 2017, the Competition Commission of Singapore (CCS) worked with major car dealers to remove warranty restrictions from car warranties. What this means is that consumers are now able to repair their cars at outside workshops without fear of their manufacturer’s warranty being void.

The key benefit of repairing your car at outside workshops: cheaper repair costs (as compared to authorised-dealer workshops) would lead to lower insurance claims amount for repairs, ultimately resulting in a smaller increase in your renewal premium for the following year.

An additional tip from us: When purchasing your car insurance (online or through a broker), opting for an Insurer-Authorised Workshop plan allows you to keep your insurance cost even lower!

To reward safe drivers, the Traffic Police in Singapore issues a Certificate Of Merit (COM) to drivers in Singapore who have managed to maintain a 3 year streak without demerit points.

With the COM, you will be eligible for safe driver discounts of up to 10% from most insurance companies. So be sure to drive safely and check your eligibility on the Traffic Police E-services website.

For those fortunate enough to have more than one vehicle within your household in Singapore, it would be worth checking with your insurer or broker if bulk discounts are available if you insure all your vehicles with them.

Although a fully comprehensive policy sounds good, the truth is that you might not need all the bells and whistles in an insurance policy. Some of these come at an extra cost that you could actually save on.

We’d advise you to read through your policy coverage thoroughly and remove any add-ons that you do not require. NCD Protector? Courtesy Car? Excess Waiver?

If you’re unsure about the types of coverage you need, get a broker to help you access your needs.

Supercars are sometimes also known as Exotic cars, High End Cars, and Sports Cars.

The definition differs for each consumer, depending on their standard. But in general, these are cars that are superior in performance and with tougher build materials. They often have advanced technology, and sleek design which gives them an unparalleled elegance.

Luxury brands such as Mercedes has started their foray into this segment with AMG, BMW with M, and Audi with RS. And at the top, we have brands such as Porsche, Ferrari, Lamborghini, Aston Martin, Maserati, McLaren, Bentley, and Rolls Royce. Many of these cars have been made more desirable from their appearances in action movies.

Car insurance prices are usually correlated with the price of the vehicle and sometimes it could be higher than expected. There are a few reasons for that:

• Price of the vehicle is high, many a time costing more than half a million dollars, and sometimes even above a million dollars.
• Vehicle would be expensive to repair as it might require original parts which have to be specially imported from the manufacturer.
• Some of the rarer models do not depreciate as much in value due to their rarity, and some even appreciate in value.
• These high performance cars are perceived to attract a younger clientele who have a tendency towards speed and risk taking. Traditionally, they are categorised as “High Risk drivers”.

There are a few misconceptions about these cars and their owners that we would like to highlight. Contrary to misconceptions, these owners are not “High Risk”.

• Many own multiple cars, and this Supercar is perhaps the one they drive sparingly on weekends. Thus, the mileage on these cars are lower.
• Many of them are appreciator of cars and are very protective of their cars, taking good care of them, and driving them with care.
• Infrastructure and technology to repair these cars are widely available now, and global trade has made the import of parts accessible.

g&m is a specialist in Supercar insurance and is the top broker in town for this. We work with a large suite of insurers to ensure a comprehensive solution for not just your vehicles’ needs, but also for your lifestyle.

• Competitive pricing from knowledge of market, and also scale from market share
• Bulk pricing discount for insuring multiple cars
• Fixed sum insured to protect you from the exact amount that you paid for the car
• Exclusive benefits such as Track and Gap insurance
• Add-ons to cover your lifestyle such as Travel, Life, Health, Art, Watches and Jewellery

As an experienced broker in this segment, we understand the needs of you, the client. Speak to us today for a comprehensive policy crafted exclusively for your needs, with the most competitive prices you’ll come across.

In Singapore, there are 3 types of motor insurance coverage – Comprehensive, Third Part Fire & Theft (TPFT) and Third Party only (TPO). If you are a vehicle owner looking to buy an insurance policy, we hope the following guide can help you in deciding on the right coverage.

A TPO policy offers the least coverage and is also the cheapest option. It offers you protection in situations where you are held responsible for an accident, either third party property damages or third party bodily injuries. These third party liabilities include damages to any property involved during the accident – including vehicles, trees, or even lamp posts, as well as medical/ hospitalisation expenses or other injuries sustained during the accident. This includes loss of wages and loss of use.

If you are looking for insurance coverage for your older or vintage cars, this may be the only coverage offered by some insurers as it is not viable to source for replacement parts in the event of a repair.

This coverage does not protect you, the driver, or damages to your vehicle.

This provides slightly more coverage as compared to TPO policies. Besides the third party liabilities mentioned under TPO coverage, it covers your vehicle for events such as Fire or Theft. If you are a frequent driver who drives outside of Singapore, it is strongly advised that you purchase minimally a TPFT cover as theft frequencies are higher.

However, this policy also does not protect you, the driver.

This is the most superior form of coverage and also the most common. It not only covers the areas mentioned under TPO and TPFT policies, but also offers protection to the car itself. Coverage includes damages to the car body, windscreen and convertible soft top cover too. Besides the policy excess which you have to bear, a comprehensive policy will pay no more than the Market Value of the damages at the time of loss of damage.

If the car is under financing, ie. a bank loan, the bank will usually enforce that comprehensive insurance is purchased for the vehicle. This is because the bank needs to protect their assets, which in this case is the car, which they still have ownership over until the loan is fully paid. The high cost of cars in Singapore means that a large proportion of cars are on on bank loans, making comprehensive policies the most common form of car insurance in Singapore.

While this policy is the most comprehensive cover, some insurer’s default plans may not include medical and personal accident coverage. Do speak to your brokers and ask for these benefits as an add-on.

This table summarises the basic coverage offered by the different plans for your easy understanding:

Looking for advice regarding motor insurance? Contact us now for a free quote and policy comparison.

Here are three key factors to consider before buying your car insurance:

There are three main categories of driver restrictions.

Any Authorised Driver policy

This is the most common type of policy. It applies to most kinds of sedans and SUVs. It offers coverage to any driver whom the vehicle owner authorised, allowing flexibility and convenience for family or friends to drive your car with adequate insurance coverage.

Any Authorised Driver basis with restricted age conditions policy

It can help to bring down your insurance premium by restricting the age band to an average of late twenties to sixties. However, with this option, you must remember never to pass your vehicles to a driver who does not meet the age conditions.

Named Driver Only policy

This policy applies mainly to sports and high-end cars. For these cars, this policy may be the only option offered due to the value and performance of the vehicles. The insurers would need the declaration of all drivers, and an underwriter to add them in as named drivers before they are eligible to be covered by insurance while driving the car. While some insurers may offer such driver conditions to regular sedan cars in a bid to lower the insurance premium, it is not advisable unless you are certain of the people who will be driving your car. You do not want to get caught in a situation where the insurer repudiates your claim for voiding insurance terms.

It is important to note that your motor insurance does not cover personal injuries to yourself. With the hectic lifestyle that we now lead, accidents are sometimes unavoidable. Vehicle owners and drivers should always ensure they have adequate medical and personal accident coverage in the event of injuries during an accident

Most insurers offer medical and personal accident cover as an additional option on top of the comprehensive coverage being offered. Claims can be made conveniently by submitting the original receipt to us for assistance. However, do note the claimable limits under the policy.

A  way to enjoy more cost savings is to purchase a Personal Accident policy directly from us. A standalone accident policy offers a higher claim limit at a lower cost and can avoid claims loading on your motor insurance policy upon renewal.

Cost savings aside, it is always best to consider a channel that suits your needs and preferences throughout. Having a good service provider is important because they are professionally trained to assist you in the selection process. They understand the insurance market better and have better access to the insurer’s claims officers and managers.

On top of being responsive during your initial purchasing phase, an excellent service provider should also be contactable throughout the entire term of your insurance policy – to address your queries and provide advice, especially in times of need – when an accident occurs or the need for a claim arises.

What is Non-Transferable? That means the benefit only applies if you stay with that insurer, and ceases if you switch, locking you with that existing insurer. Don’t want to lose your NCD? Be at our mercy for renewal premium.

Every Insurance contract will state clearly in fine print that they reserve the right to adjust your base premium on renewal. So, if you were paying ,000 on 50% NCD, they have every right to charge you ,000 on 50% NCD after an at-fault accident claim, because they increased the base premium. This is something that is not highlighted when they sell the car insurance to you.

It is always best to consult with your insurance broker, as to which insurer is suitable for your profile. They will be in a better position to give you a realistic estimate of any potential loading on your renewal insurance premium in the event of an accident.

Had an at-fault accident? It might be worthwhile to shop around and compare your 50% “NCD protected” renewal premium, against other insurers who are offering you only 20% discount.

You might be surprised: a 20% premium discount might work out to be cheaper than your existing 50%  NCD premium.