Etiqa Private Car Insurance: Is It the Right Plan for You?

Etiqa Private Car Insurance: Is It the Right Plan for You?

Etiqa's Private Car comprehensive insurance plan combines baseline, vanilla coverage with generally competitive premiums to create a good value package.

Good for

  • Young female drivers
  • Consumers looking for a cheap but good quality plan
  • Single drivers

Bad for

  • Drivers looking to insure family cars
  • Risky drivers looking for cheap "any workshop" plans
  • Consumers looking for highly customisable coverage

Editor's Rating


Etiqa's car insurance is affordable and provides ample protection for those seeking something a little bit more comprehensive than TPFT. For young, female drivers, the premiums are some of the lowest on the market, making it a good option for cost-conscious new drivers.

Summary of Etiqa Comprehensive Car Insurance

Etiqa Comprehensive
Budget-friendly option for safe drivers
Some of the cheapest premiums for young female drivers
May not be ideal for families due to lack of passenger personal accident coverage
Young driver excess increases to S$4,000 if using own workshop
Promotion: 20% off + 5% off Fridays

Etiqa Comprehensive Car Insurance Highlights

Young drivers on a budget, especially women, will benefit the most from Etiqa's competitive prices and generally well-rounded but modest coverage. Its Comprehensive plan includes market average level coverage for personal accident benefits, medical expenses, towing costs and loss of use. Aside from these features, Etiqa's major appeal is its pricing. Etiqa often runs major promotions on its insurance products, which can decrease your cost significantly. Depending on your driver profile and the vehicle you are insuring, your premium with Etiqa may cost up to 40% below the industry average rate. Additionally, the Young/Inexperienced driver excess is S$2,000 if the policyholder is using Etiqa's workshops. This is around S$500-S$1,000 lower than the norm and you are only considered a young driver if you are 24 years old or younger.

Etiqa is also one of the few insurers that keeps you insured if you are using your car as a carpool or car-sharing arrangement. However, to qualify for this condition, your paying customers must be contributing towards the maintenance and running costs of the car. Thus, if this is something that you're interested in doing, Etiqa's plan may be a good option to consider. Lastly, Etiqa also offers a 30 minute fast claim approval, which can be a good option for drivers who don't want to waste time getting approvals for minor damages. The 30 minute fast claim approvals are dedicated to own-damage repair claims that are less than S$5,000.

This graph compares the cheapest motor insurance policies in Singapore for 45 year old married male drivers

Where Etiqa falls short is in customization and value-added features. For instance, unlike many other insurers, its plan does not automatically include 24-hour roadside assistance. Additionally, in contrast to several other insurers' comprehensive plans, its personal accident benefits and medical expenses coverage only cover you, the policyholder, and does not extend to any passengers you may have in your car. This means families may not get the comprehensive coverage they may be looking for, especially if they have young passengers.

Etiqa TPFT & TPO Plans

Our study of third party car insurance plans found that Etiqa tends to offer less competitive prices for its TPO and TPFT plans. This is particularly the case for cars older than 8 years. Additionally, women will have to pay above average prices for TPO and TPFT plans by 5-10% whereas men will be paying around average. In fact, if you already have a 50% NCD, opting for the Comprehensive plan is actually cheaper by about 30%. However, Etiqa's TPFT plan does offer some additional coverage that other insurers don't, including loss or damage of accessories and towing service—offering cars that can't be covered by Comprehensive insurance a little bit extra protection.

Customisations & Other Options

Etiqa offers several optional add-ons including adjusting your excess between S$200 and S$2,500 for lower/higher premiums. You can also choose the coverage level for your expensive car accoutrements like your sun/moon roof and solar film, as well as an option to use any workshop of your choice. However, if you are an inexperienced, elderly (over 75) or young (under 24) driver, your excess will increase from S$2,000 to S$4,000 if you opt to use your own workshop. Due to this, if you fall into those categories of drivers and you have a luxury car that requires special servicing, Etiqa may not be your best bet.

Car AccessoriesS$2,000S$85.60 for sun/moon roofs
S$1,000S$21.40 for solar film
NCD ProtectorN/AS$67.88
Any WorkshopN/AS$119.78

Etiqa Claims Information

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 InformationClaim forms
Claims SubmissionContacts
Branch Address16 Raffles Quay, Hong Leong Building, #01-04A, Singapore 048581

Summary of Coverage

While it is tempting to purchase insurance based solely on price, have enough coverage in the event of unforeseen circumstances can end up saving you a lot of money in the long run. Below, we've outlined Etiqa's core benefits and excess amounts. If you'd like to compare Etiqa to other plans on the market, you can read our guide to the best car insurance policies in Singapore.

Standard ExcessN/AS$200-S$2,500
3rd Party Liability (Death)UnlimitedN/A
3rd Party Liability (Damage)S$5 MnN/A
Personal Accident (Main Driver)S$50,000N/A
Windscreen/Window CoverageUnlimitedS$100
Loss of UseS$50/dayN/A
Young Driver Excess (24 and under)N/AS$2,000
Anastassia Evlanova

Anastassia is a Senior Research Analyst at ValueChampion Singapore, evaluating insurance products for consumers based on quantitative and qualitative financial analysis. She holds degrees in Economics and International Business Management and her prior working experience includes work in the capital markets sector. Her analyses surrounding insurance, healthcare, international affairs and personal finance has been featured on AsiaOne, Business Insider, DW, Vice, Her World, Asia Insurance Review, the Australian Institute of International Affairs and more.

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