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With Etiqa's usage-based insurance plan, you can enjoy 50 percent savings up front on your insurance premium and save more while driving less.

01 Aug 2017

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Car insurance can be pretty costly and comprehensive plans may not be worth the extra premium, especially if you don't drive a lot. Taking that into consideration, drivers who own off-peak cars are either considering a secondary vehicle without overspending or prefer flexible insurance pricing based on mileage clocked. These drivers typically opt for more affordable options such as third party insurance.

Check out some of the advantages that Etiqa's ePROTECT sMiles UBI has over standard car insurance
What if we told you that there was an insurance plan, which allows you to save 50 percent up front on your premium? What if you had the option to only pay for the distance you travel without sacrificing quality of coverage? You'd probably say that it sounds too good to be true. But it isn't.

Only pay for the distance you travel, nothing more

Etiqa Insurance has introduced a flexible solution for drivers who may not spend a lot of time on the road. This is none other than ePROTECT sMiles - the company's first usage-based car insurance. As the name suggests, Usage-Based Insurance (UBI) allows you to only pay for the distance you travel in your car.

This means you won't have to pay extra for mileage, which you may never use. Standard insurance plans typically require a 100 percent payment up front. Etiqa's UBI, on the other hand, only requires a 50 percent payment up front while the other half is charged based on your mileage clocked; without exceeding 100 percent of your standard car insurance premium.

How does this work? You will get a 6,000km annual mileage, which is split into 1,500km per quarter. If you exceed the 1,500km quarterly mileage, you'll simply be charged based on a flat pay-per-km rate at the end of each quarter.
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