Whether you’re looking for basic cover or comprehensive protection, Etiqa Car Insurance is likely to have something to meet your driving needs. Its flexible plans include the chance to adjust the level of excess you pay after an accident, the freedom to choose your own workshop for repairs, and more.
Read on to find out about Etiqa’s three main types of car insurance coverage.
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Compare Etiqa car insurance plans
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What policies are available?
Comprehensive cover
Etiqa’s most comprehensive plan offers protection over and above a standard plan. It includes cover against loss or damage caused by accidents, floods or civil commotion. You’ll also get personal accident benefits and liability cover as standard.
Third party, fire and theft cover
This policy provides cover for loss or damage to your car which results from fire or theft. It’ll also offer you liability cover, protecting you if you cause damage to another person, their car or property.
Third party only
The most basic and straightforward of the three Etiqa car insurance plans, it’ll cover you for damage to another person, their car or property following an accident.
Cover for accidents, fire, theft, flood, convulsion of nature and civil strikes
Legal liability to third parties, including death or bodily injuries, damage to properties and legal costs
Replacement of vehicle accessories due to damage by fire or theft
No claims discount bonus of up to 50%
Choose from a range of approved workshops located across the island
Flexible premium payment options
Free towing services of up to $200
Windscreen cover of up to $100
No-Claim Discount Protector option to maintain your good driving records
Personal Accident cover of up to S$50,000 for the main driver
Daily transport allowance for authorised workshops and repairs exceeding three days
Adjustable excess for named driver
Cover for loss and damage caused by theft or fire
Legal liability to third parties, including death or bodily injuries, damage to properties and legal costs
Replacement on vehicle accessories due to damage by fire or theft
No claims discount bonus of up to 50%
Choose from a range of approved workshops located across the island
Flexible premium payment options
Free towing services of up to $200
No-Claim Discount Protector option to maintain your good driving records
Cover for legal liability to third parties, including death or bodily injuries, damage to properties and legal costs
No claims discount bonus of up to 50%
Choose from a range of approved workshops located across the island
Other benefits of getting car insurance with Etiqa
One of the attractive advantages of getting your car insurance with Etiqa is that you can customise your coverage with several different add-ons:
No Claim Discount (NCD) Protector. You can add on this benefit to maintain your no claim discount in the event that you need to make a claim. This applies only to policyholders who have at least a 50% no claim discount. This will allow you to retain your 50% NCD should there be a claim made against your policy within the period of insurance.
Adjustable Excess. Having this option means you can opt to have a cheaper premium but pay a higher excess should there be an incident of claims.
Have the freedom to choose your own workshop by opting-in to this rider.
What won’t be covered?
There is no cover available for a claim under your Etiqa Car Insurance policy due to:
Depreciation, or wear and tear to your car.
Mechanical or electrical breakdown of parts.
Damage to tyres, unless other parts of the car are damaged in the same accident.
Loss of use of your car or any other indirect or consequential loss.
Your car’s driven by an unlicensed driver.
Your car’s driven by someone who was under the influence of alcohol or drugs.
Your car’s driven by someone that is under suspension from driving.
Your car’s being used for any use other than the uses shown on the certificate of insurance.
Your car’s being used or driven when it is not registered under the road traffic act.
Death or bodily injury to the driver in the course of that person’s employment.
Loss or damage to property that is being carried by the car.
Read Etiqa’s motor insurance policy document, which can be accessed online, for more information on what’s excluded from your cover.
Bottom line
Etiqa is 69% owned by Maybank, the fourth largest banking group in Southeast Asia with more than 22 million customers worldwide in 20 countries. The brand is not new to Singapore – Etiqa has been protecting Singaporeans since 1961 with a wide range of general insurance plans. If you’re looking for a reliable car insurer, Etiqa Car Insurance is certainly worth considering. However, it is always good to take your time to compare across the many other car insurance available in Singapore to suit your needs.
How do I make a claim?
After an accident, you can take the following steps to make a claim:
Report and bring your damaged vehicle to one of Etiqa’s Approved Reporting Centres within 24 hours (or by the next working day, if the accident happened on a weekend or a Public Holiday).
If your car’s stolen, you must give Etiqa immediate notice of the theft, as well as make a police report. If you receive any official communication related to an accident involving your car, such as court documents, you must immediately inform your insurer before you respond.
If you are making a claim for damage to your car, you must write in to report within 14 days of the event.
Etiqa makes it easy to submit claims of up to S$5,000 through its 30-minute fast claims approval policy.
Frequently asked questions
There are many ways you can keep down the cost of your car insurance, including:
Be a safe driver. This will allow you to build up your no claim discount each year.
Pay for your yearly premium in one go
Limit how far, and how often, you drive each year
Install a dashcam. Having a dashcam comes in handy as it records any potential accident, giving you a higher chance of a fair compensation.
Choose a higher excess level, if you’re okay with paying more after an accident
Another way you could lower the cost of car insurance is to compare car insurance quotes from multiple providers.
Yes, having car insurance in Singapore is mandatory if you want to drive.
No, your car’s insurance is usually a private policy which means it is meant for social, domestic or pleasure uses only. If you want to use your vehicle for commercial purposes, you’ll need to find a specific commercial policy.
James Martin is a senior writer at Finder. He has written on a range of finance and business topics for over five years and his work has been featured in publications including The Irish Times, Companies 100, In Business and Q Magazine (UK). As a trained journalist, James can drill into the finer details of financial products to help you save time and money. In his spare time, James is a committed sports fan, novel reader and Thai food enthusiast.
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