Courtesy Car | Motor Insurance Singapore

Etiqa – Summary of Main Benefits – Any Workshop

Summary of Main Benefits For Etiqa
(Any Workshop)

Windscreen Coverage	Free for 1st claim only, subsequent pay $40 (+ 7% GST)
Loss Of Use	Nil, No courtesy car provided
NCD Protector	10% of premium – only applicable for 50% NCD
PA for insured / passengers	Up to $20,000
Towing Workshop	To be included in the claims amount
Waiver of Excess	Nil
Workshop	Any workshop only (Or can go to Etiqa’s recommended workshops)
Excess for Young / Inexperienced Driver / Unnamed driver	An additional excess of $2,000 will be imposed on top of the policy excess if the insured vehicle is driven by any authorized person (other than the insured/named driver) who is under age 22 or less than 2 years of driving experience.
Installment Plan	Not available
Payment Method	Cash Cheque only

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Chatis – AIG (AutoPlus) – Summary of Main Benefits – Authorised Workshop

Summary of Main Benefits For AIG
(AutoPlus – Authorised Workshop)

Windscreen Coverage	$107 (Inclusive of GST) of excess is payable
Loss Of Use	Courtesy Car provided (up to 10 days)
NCD Protector	Nil
PA for insured/passengers	$50,000 / $10,000
Towing service	Free (even for mechanical breakdown)
Medical Reimbursement	$300 (insured & passengers)
Waiver of excess	Only at authorized workshop (50% NCD – waived off $600 & <50% NCD –waived off $300)
Workshop	Only Authorized Workshops, however if new car is still under 3 year warranty from distributor/Agent, AIG allows driver to go back for repair. * If the car is parallel imported & under 3 yr warranty, then driver needs to go back to authorized workshop.
Excess for young/inexperience driver/unnamed driver	An “Elderly, Young and/or Inexperienced Driver Excess” (“EYIDR”) of an additional sum of $3,000 in additional to the original policy excess (i.e $600) applies to an Authorized Driver (named or unnamed) if the Authorized Driver is above the age of 65, below the age of 23 and/or hasless than 2 year’s driving experience.
Installment Plan	Yes (Only DBS/POSB/UOB – 6 or 12 month)
Payment Method	Cash/Cheque/Credit Card

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Car Insurance Terms That Can Save You Money

Car Insurance Terms That Can Save You Some Money

In Singapore, knowing these motor car insurance terms may save you a couple of hundred dollars as you are shopping for an auto insurance package for your vehicle.

The idea is to know what you need and what you don’t. For example, you may not need a courtesy car or towing/roadside assistance. Adding these into your coverage may cost you a little more than you’ll need to pay for.

So get familiar with these terms now:

Motor Premiums
This is the amount ($) you pay to insure your car from eventualities. Ensure your premiums commensurate with your risk profile. Always make sure that you’re not over-paying for your car insurance (or motorcycle insurance).

Excess Amount (aka Deductible)
Find out the amount that you might be required to bear when a claim is made. Eg. If your claims amount to $2,000 and the deductible is $600, you’ll have to bear $600 while the rest will come from the insurer’s pocket.

Every insurer will impose excess on policies – the higher the excess, the lower the premium charged and vice versa. And each insurer will state their excess amount when they make their offer (quote) to motorists.

No Claim Discount (aka No Claim Bonus / No Claim Entitlement)
No Claim Discount (NCD) reduces your car insurance premium significantly. If you have an NCD of 20%, you’re given a 20% discount of the premiums that you’re supposed to pay. You are entitled to NCD on renewal if you have not made a claim for a year. This is how NCD is calculated for subsequent years:

If a claim is made during a policy year while you are still enjoying NCD, the NCD will be reduced at the next policy renewal. The reduction of NCD is computed as follows:

Windscreen Damage
Many insurers provide you with windscreen cover (free of charge) but apply an excess of $100 for each claim. (check insurers’ policy)

Personal Accident Cover
Some insurers offers personal accident covers for you and your passengers as part of their insurance plan. (This may or may not be necessary for you, depending on whether you have an existing personal accident coverage)

Repair Options
Restrictions on repair workshops and new part replacement applies. Usually cheaper premium policy will tend to have more restrictions. This contributes to the advice that the cheapest motor car insurance may not be the best.

Towing/Roadside Assistance
Some insurers provide towing and roadside assistance in their plan.

Courtesy Car
Some insurers provide a courtesy car while your vehicle is under repair.

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