If you are thinking about signing up for an EQ car insurance plan, here are some pointers that can help you decide if their product is suitable for you or not.
AXA car insurance and Chartis car insurance are 2 very popular products in the market. In fact, when you buy a new car it would most probably be insured with an insurance plan from either of these insurance companies. As such car owners will definitely have heard of these names. But not many of them know which insurer they should choose after the first year of car ownership.
A No-Claim Discount (NCD) entitles you to a lower car insurance premium. The maximum NCD you can have is 50% and the lowest is 0%. Thus the discount you get depends on how high your NCD is. NCD is one of the ways you are rewarded for being a safe driver.