You may have heard of Fatberry to renew your car insurance online. However, do you know if Fatberry is cheaper than iBanding? Spoiler alert! iBanding is cheaper. Let’s find out how in this article.
You can save a lot money on car insurance. Take the simple step of looking for the cheapest motor insurance. Do not simply accept the insurer’s renewal quote because the amount quoted is less than what you paid the previous year.
Fatberry vs iBanding
We will be comparing quotations that are generated by Fatberry and iBanding for a 2010 Proton Waja 1.6L Premium 5 Speed Manual. The driver earns a 55% Non-Claims Discount (NCD).
After inserting the car and owner details, below are the list of companies that are offered by Fatberry and iBanding to renew the car insurance. There is a list of 6 companies offered by Fatberry while iBanding offers a list of 4 companies.
Cheapest on Fatberry is RM320.21
Based on the list from Fatberry, the cheapest insurance is from Tune Protect which cost RM320.21 for a sum insured of RM11,000. The most expensive on the list is from Zurich which cost RM325.60 for the same sum insured of RM11,000.
Cheapest on iBanding is RM252.19
Based on the list from iBanding, the cheapest insurance is from Etiqa which cost RM252.19 for a sum insured of RM11,000. The most expensive on the list is from Zurich which cost RM291.20 for the same sum insured of RM11,999.
Comparison : Cheapest Company
In doing this comparison, we will be taking a closer look at the rates offered by the cheapest insurance company from Fatberry and iBanding. To make this a fair comparison, we will be comparing a sum insured of RM11,000 in both companies.
As you can see below, the cheapest on Fatberry is from Tune Protect which cost RM320.21 for a sum insured of RM11,000.
On the other hand, the cheapest on iBanding is from Etiqa which cost RM272.19 for the same sum insured of RM11,000.
This means that you will save RM48.02 when you buy motor insurance from Etiqa through iBanding’s special link. On top of that, you will also get a cashback of RM20 when you use iBanding’s special link. This gives you a total saving of RM68.02. This is a saving of 23.8% of your money when you use iBanding.
Differences : Fatberry vs iBanding
There are several differences between Fatberry and iBanding. As you can see, the most notable difference is the price. Based on the comparison above, you can see that iBanding helps you save a lot of money compared to Fatberry. Let’s take a look at other differences between Fatberry and iBanding.
1. Cashback up to RM150
When you renew with iBanding, you will receive cashback that are paid directly to your bank account. These cashback ranges from RM10 to RM150. This means that you can earn money while you get the cheapest price on car insurance.
On the other hand, Fatberry does not provide any form of cashback when you buy car insurance through them.
2. Rebate of 10%
Insurance companies usually give a 10% rebate when you buy online. As you can see from the quotation below, with iBanding there is a 10% rebate given by the insurance company. This rebate applies when you are buying car insurance from any company through iBanding’s special link.
On the other hand, there is a rebate of RM0 shown in the quotation from Fatberry.
3. Renew directly with insurance company
When you click to renew with iBanding through the special link, you will be directed to the official insurance company webpage where you can proceed to buy your car insurance. This shows that iBanding does not charge you any additional fees. You buy directly with the insurance company at the price that iBanding offers you.
When you click to renew with Fatberry, you will remain on the Fatberry webpage up until you complete your puchase. This means that you are buying from Fatberry instead of directly buying from the insurance company.
Compare the URL’s below : fatberry.com and motortakaful.com
Conclusion: Who is better?
As you already know, iBanding is cheaper than Fatberry. To conclude, here is a table that shows the difference between Fatberry and iBanding.
Therefore, iBanding is the WINNER. When you choose iBanding to renew your car insurance, you are buying 24% cheaper, with cashback, with 10% rebate, and buying directly from the insurance company. Even though Fatberry offers more number of companies, it is not the cheapest compared to iBanding. Start saving your money now by choosing to renew your car insurance through iBanding.