This move reinforces the company’s commitment to delivering affordable, customer-centric insurance solutions through its direct-to-consumer model.
The new insurance product offers comprehensive and third-party coverage for various light goods vehicles, including vans, lorries, and trucks. It is designed for small business owners, contractors, and fleet managers, providing protection against risks such as accidents, theft, and third-party liabilities. The policy is particularly suited for tradespeople, such as plumbers and electricians, who rely on their vehicles for daily operations.
Simon Birch, CEO of Budget Direct Insurance, emphasised the significance of the new offering “We are thrilled to expand our range of products with the introduction of Commercial Vehicle Insurance. Businesses rely on their vehicles as critical assets, and our goal is to provide them with affordable, reliable protection while maintaining the high standards our customers have come to expect.”
Budget Direct’s Commercial Vehicle Insurance is customisable, allowing businesses to align coverage with their operational needs. Optional add-ons include 24-Hour Roadside Assistance, the No Claim Discount (NCD) Protector, and the Any Workshop benefit, enabling policyholders to repair their vehicles at a workshop of their choice. This flexibility ensures businesses pay only for the coverage they require, offering both peace of mind and cost efficiency.
Since its entry into the Singapore market in 2016, Budget Direct Insurance has consistently focused on innovation, offering a wide range of products such as car, motorcycle, and travel insurance. The insurer’s direct-to-consumer approach bypasses intermediaries, reducing costs and delivering significant savings to customers without compromising coverage quality.
The company’s dedication to service excellence is evident in its Exceptional rating of 4.7 out of 5 on Feefo, based on over 10,000 verified customer reviews.
Budget Direct Insurance operates under the international insurance group Auto & General, which serves millions of policyholders across four continents. The group’s brands include Compare the Market in the UK, Budget Direct in Australia, and Telesure in South Africa. Policies are underwritten by Auto & General Insurance (Singapore) Pte. Limited and regulated by the Monetary Authority of Singapore (MAS).
With this launch, Budget Direct Insurance continues to uphold its mission of simplifying insurance through technology and a customer-first approach, offering businesses in Singapore a dependable solution for protecting their critical assets.