What Does a Budget Car Insurance Policy Cover? Everything You Need to Know
Shawn Bradley 
Whether you comply with your city’s legal requirements or want to be protected against possible accidents, you may need budget car insurance.
Besides protecting you in unfortunate circumstances, these affordable policies can help you save money.
Plus, if you choose the right one, you can get extensive coverage with different types of protection without spending a fortune.
What is Car Insurance?
Bubblegum Singapore offers a new type of car insurance that protects drivers and vehicle owners if they have an accident, but why is it different? Unlike other plans that include coverage only for external incidents, this budget car insurance policy provides protection if your car’s engine or gearbox breaks down.
Do you need something personalized and cost-efficient? If you pick this budget car insurance policy, you can choose from a wide variety of coverage options. In other words, there’s the right plan if you are looking for a car insurance alternative that suits your specific needs.
What You’ll Be Covered For
With this budget car insurance plan, you’ll get cover for the following:
- Third-party damages
- Medical expenses
- Personal accident
- Windscreen damage
- Roadside assistance
What’s Not Included
If you choose this car insurance policy, you won’t be covered for:
- Unlicensed drivers
- Driving under the influence
- Illegal modifications
Why Choose Bubblegum Singapore’s Budget Car Insurance
There’s an ocean of companies offering vehicle insurance policies if you try to find one on the Internet. Therefore, you may be wondering why you should choose Bubblegum Singapore. Here’s the answer!
Besides being available at affordable prices, this budget car insurance’s premiums are among the lowest in the country! A person who has not been at fault in an accident in the last three years could have a premium of only 17%, much lower than the average offered by most insurance companies.
Overall, owners of Asian vehicles 1,800 cc or less with a 50% No Claims Discount (NCD) can expect premiums as low as $650.
What Makes This Budget Car Insurance Policy Different from Other Plans?
Bubblegum Singapore promises comprehensive coverage with an engine and gearbox warranty. Most insurance providers work with only one workshop. However, if you need assistance and add the option to your policy, the company also gives you a wide range of workshop options to choose from.
Paying a car insurance policy at another company can cost up to $450. However, this alternative provides the same coverage and covers your liabilities if you have an accident for only a fraction of that cost.
Do you want to know how reliable Bubblegum is? India International Insurance Pte Ltd underwrites our budget car insurance policy. This licensed insurance company has built a solid reputation in Singapore, where it has operated for over three decades!
Key Facts About Bubblegum’s Budget Car Insurance
Now that you know this budget car insurance’s benefits check out the information below to discover its main aspects:
- The policy lasts for one year, but you can extend it up to 18 more months if you need your insurance to expire at the same time as your road tax.
- It covers all vehicle brands and models, excluding electric and some sports models. However, the engine and gearbox warranty is limited to cars with less than 200,000 km in mileage. Cars older than 13 years are also covered under the comprehensive plan.
- You can carry out the pre-inspections and non-mandatory maintenance in any workshop.
- However, engine and gearbox repairs can only be done at a Bubblegum-authorized workshop.
- You don’t need to request pre-inspections before getting your car covered by warranty protection.
- The claim limit on warranty repairs is $5,000, but the company may cover common repairs and offer the cheapest products on the market if needed.
- Coverage does not include wear and tear or pre-existing conditions.
Final Thoughts
Getting car insurance within means is what many vehicle owners and operators need to feel safe, calm, and protected. Fortunately, Bubblegum Singapore, the insurance platform created by MoneySmart, is here to help!
Besides offering complete comprehensive coverage, this budget car insurance policy includes the best benefits for less cost!
