Etiqa now offers discounts on auto insurance the less you drive

Working for home or simply driving less than you used to?

There's now an opportunity for you to spend less on your car insurance premium with Etiqa Insurance Singapore's new usage-based motor insurance feature.

Dubbed 'Drive Less, Save More' (DLSM), the new feature offers customers rebates of up to 30% of the basic premium and is available for new Private Car Insurance comprehensive plan sign-ups and renewals.

All you need to do after signing up for a new Private Car Insurance plan with the DLSM feature, is simply upload an image of the car odometer reading and car number plate via the Tiq by Etiqa App to prove your mileage covered.

Thereafter, those using the feature can choose to upload the car odometer reading as frequently as they wish, subject to a minimum of 10 days between each upload. The app is able to access the images uploaded and calculate the rebate amount all via artificial intelligence technology, so those using it can rest assured that there is no location tracking involved.

The rewards will be given as cash rebates which will be credited to the customer's TiqConnect eWallet within three working days. Customers can choose to encash the rebates from the eWallet instantly and directly to their bank account or via PayNow.

The full terms and conditions of the feature are available here.