- Etiqa Car Insurance
Etiqa is the Insurance arm of the Maybank. It sells both General and Life Insurance. Etiqa Car insurance is usually a good value for the money. They provide 3 kinds of motor insurance plans: Comprehensive, Third-party Fire & Theft and Third-party only coverage types.
Customers can enjoy a 5% additional discount if they are demerit points free over the last 3 years. Etiqa has a fast claims approval process whereby claims get turned around in 30 minutes by their award-winning claims team. Customers can choose any from the more than 30 carefully selected authorised workshops to enjoy the best service and price.
Type of Etiqa Car Insurance plans
There are 3 types of Etiqa Car Insurance Plans available
- Third Party Only (TPO)
- Third Party, Fire & Theft (TPFT)
- Comprehensive
| Etiqa car insurance plan | Key features | Recommended for |
| Third Party Only (TPO) | Covers third party damage only | Very old cars at the end of their COE lives |
| Third Party, Fire & Theft (TPFT) | Covers third party damage, fire and theft only | Older cars (8 years old and up) |
| Comprehensive | Comprehensive coverage (see below), Etiqa authorised workshops only | Cars no longer under warranty, second hand cars, parallel imports |
The key highlights of their policies are the relatively high personal accident cover ($50,000 for the no-frills plan) and the lowest young & inexperienced driver limit (coverage from 24 years old). That comes at a price of high excess for these drivers ($4,000).
Etiqa car insurance add-ons
Etiqa offers quite a number of add-ons like adjustable excess, an NCD (No claim discount ) protector, Sun/Moon Shelter Cover (up to $ 2,000), freedom to choose any workshop for repair and Solar Film Cover damage of up to $ 1000.
| Car insurance add-on | Description |
| Workshop of Your Choice | Add-on for flexibility to choose a non-authorised workshop. However, note there might be changes to the Additional Excess for elderly, young and inexperienced drivers if you opt for this |
| NCD Protector | Protect your No Claim Discount of 50% (good for one claim only) |
| Sun/Moon Roof | Add more to cover damage to sun/moon roof (up to $2,000) |
| Solar Film | Add more to cover damage to solar film (up to $1,000) |
In our view, Etiqa Car insurance is a great choice for the price-conscious customer. With a lot of optional add-ons, it provides a lot of opportunities to customise the car insurance plan to your personal needs.
Benefits and Features
| Type of discount | Description | Amount |
| NCD (No Claim Discount) | Given in increments of 10% for each year you don’t file a claim | 10% to 50% |
| Demerit Free Discount | Get this if you have not claimed car insurance in the past 3 years + show Traffic Police Certificate of Merit | 5% |
| Early Saver Promotion | Be one of the first few buyers daily (clock resets at 12 midnight) to get discount | 30% |
| Thank Etiqa It’s Friday | Get a discount if you buy a plan on a Friday | 25% |
| Flexible excess | Increase your own damage excess for a cheaper premium | Varies |
Also Read
Why should I buy Car insurance in Singapore from Insurance Market in 2019?
why you should buy Car insurance from Insurance Market Singapore.
Etiqa Car Insurance Claims
To file a claim with Etiqa, you first have to report the incident within 24 hours both to Etiqa and the police (in the event of a theft). If you are making a claim against damage to your car, you have 14 days to do so. You can’t submit your claims online, but you can download the proper form and email it to the corresponding person (contact page below).
| Contact Information | |
|---|---|
| Customer Service Hotline | +65 6887 8777 |
| Claims Hotline | +65 6331 9215 |
| Claims E-mail | [email protected] |
| Claims Information | Claim forms |
| Claims Submission | Contacts |
| Branch Address | 16 Raffles Quay, Hong Leong Building, #01-04A, Singapore 048581 |
Get your detailed online quotes for Etiqa Car Insurance from Insurance Market and get an additional 5% discount when you register for an account with us and buy car insurance.
Insurance Market is a market place where we are serious about insurance and where professional parties come together to transact insurance only in the best and most responsible manner. Insurance Market offers a wide range of general insurance products (such as travel insurance, maid insurance, pet insurance and more) online and life insurance through personal advice from our qualified brokers. Please contact us at [email protected] or +65 69081811 if you have any questions.
