Our Best Offer Yet: Compare and Unlock The Best Car Insurance Quotes and Offers of 2026
Updated: 18 May 2026
UniCar Comprehensive Value
- Up to S$20,000 personal accident protection
- 24/7 emergency hotline support
- Flexibility with any authorised driver covered
- A no-frills approach that focuses on what truly matters
- Young and/or inexperienced driver excess of $3,000
- Unnamed driver excess of $1,500, plus $200 if policy excess is above $1,500
HLAS Car Protect360
- Up to S$1,000 in medical expenses
- 24/7 Roadside Assistance
- Windscreen excess waived if the repairs on Windscreen or windows of the Insured Vehicle are carried out at appointed or approved windscreen repairer
- Young and/or Inexperienced Driver excess of S$3,000
- Daily transport allowance applicable only if repairs exceeds 3 days
MSIG MotorMax
- Comprehensive cover for own vehicle up to market value, plus third-party bodily injury (unlimited) and third-party property damage up to S$5,000,000
- Built-in personal accident (PA) benefits of S$20,000 for policyholder and S$10,000 per authorised driver/passenger, plus medical expenses up to S$1,000 per person
- 24-hour Automobile and Medical Assistance services hotline available (towing, roadside help, accident and police report notification, etc.)
- Accident repairs must be done at MSIG authorised workshops; no “any workshop” option under MotorMax itself
- No transport allowance, new-for-old replacement, or loan protection benefits - those are only available on MotorMax Plus
- Standard excess plus an additional S$3,000 young/inexperienced driver excess (non-policyholder under 27 and/or <2 years’ license)
Singlife Motor Standard
Promo Code:
CAR20
- Same core own-damage and third-party cover as Lite, but with higher PA and medical limits (up to S$100,000 PA and S$2,500 medical expenses per policyholder)
- Any workshop allowed for repairs; if you use a non-authorised workshop, excess is doubled, but there is no outright restriction
- Lower NCD penalty: NCD step-down of 10% per claim (instead of 30% on Lite), which is attractive in a claims scenario
- Enhanced ancillary cover vs Lite, including higher limits for medical, personal belongings, and better windscreen coverage
- 'Young and inexperienced' driver age threshold is 24 years old - One of the lowest in the market
- Great promo rates for NSmen & civil servants
- Additional excess for young/inexperienced driver (S$2,500) still applies
- Daily transport allowance require optional add-ons (e.g., Loss of Use, extra PA cover)
Great Eastern Drive and Save Plus
- Comprehensive and TP/TPFT/TPO options; comprehensive plans cover own damage (accident, fire, theft), third-party injury (unlimited) and property damage up to S$5,000,000
- Personal accident cover up to S$120,000 (one of the higher figures in market) plus S$1,000 medical reimbursement for driver and passengers
- Choice between Comprehensive (Authorised Workshop) and Comprehensive (Any Workshop); offer $500 excess waiver for first repairs done at Great Eastern panel workshops
- Optional NCD Protector and Loss-of-Use benefit (S$80/day up to 7 days)
- For Comprehensive (Authorised Workshop) and TP/TPFT plans, accident repairs must be done at authorised workshops only
- Unnamed drivers face additional excess (up to S$2,500 for <26 or >69 yrs / <3 years licence)
Great EV Protect
MSIG MotorMax Plus
- All the core cover of MotorMax plus higher PA limits: S$100,000 for policyholder and S$50,000 per authorised driver/passenger
- Any-workshop repair freedom, instead of being restricted to MSIG’s authorised panel
- Transport allowance of S$50 (or S$60 for EVs) per day up to 10 days when the car is in repair; for EVs, up to 30 days if total loss due to battery-caused fire
- New-for-old replacement top-up for cars written off within 12 months: up to S$110,000 above market value for EVs and S$100,000 for other vehicles
- Loan protection benefit pays outstanding car loan up to S$100,000 if policyholder dies in an accident involving the insured vehicle
- EV-specific enhancements (e.g., emergency EV towing when battery runs flat; medical expenses for electric shock; lock and key replacement)
- Higher premium than MotorMax due to richer benefits. (Implied by benefit structure; actual rate is per quote)
- Same young/inexperienced driver excess of S$3,000 for non-policyholder drivers under 27 and/or <2 years’ license)
Singlife Motor Lite
Promo Code:
CAR20
- Comprehensive cover up to market value including COE; unlimited cover for manufacturer-fitted accessories/audio
- Unlimited third-party bodily injury (including passengers) and up to S$5,000,000 for third-party property damage
- Same geographical cover as higher tiers: Singapore, West Malaysia and Peninsula Thailand up to 80km from the border
- 'Young and inexperienced' driver age threshold is 24 years old - One of the lowest in the market
- Great promo rates for NSmen & civil servants
- Can lock premium for 2 years
- Repairs only at Singlife approved repairers; no free choice of workshop under Motor Lite
- Steeper NCD step-down of 30% per claim versus 10% for Standard/Prestige - materially more punitive after a fault claim
- Lower ancillary limits (e.g., S$500 medical, personal belongings) compared to Standard/Prestige
Singlife Motor Prestige
Promo Code:
CAR20
- Top-tier cover with great ancillary benefits: PA up to S$100,000 plus higher medical expenses (S$5,000) and personal belongings limits than Lite/Standard
- Brand-new car replacement for 24 months (vs 12 months on Lite/Standard) if accident repair cost >70% of market value and car was bought new
- Any-workshop repairs with no additional young/inexperienced driver excess
- Unlimited windscreen replacement with no windscreen excess
- Same low 10% NCD step-down plus optional NCD Protector and Loss-of-Use add-ons
- 'Young and inexperienced' driver age threshold is 24 years old - One of the lowest in the market
- Singlife’s Prestige Plan waives 'young and inexperienced driver' excess
- Great promo rates for NSmen & civil servants
- Can lock premium for 2 years
- Typically priced as a premium plan; may be less cost-efficient for older/low-value vehicles. (Pricing is quote-based; this is a structural trade-off of richer benefits)
- Still subject to policy excesses and standard exclusions (e.g., unauthorised drivers, illegal use) as detailed in the policy wording
UniCar Comprehensive Plus
- Up to S$20,000 personal accident protection
- 24/7 emergency hotline support
- Flexibility with any authorised driver covered
- A no-frills approach that focuses on what truly matters
- Young and/or inexperienced driver excess of $3,000
- Unnamed driver excess of $1,500, plus $200 if policy excess is above $1,500
TIQ Comprehensive
- Adjustable excess
- Unlimited windscreen cover (S$100 excess for each replacement)
- Claims approval of up to $5,000 within 30 minutes for own damage (at Etiqa's authorised workshops)
- Personal Accident coverage is for policy holder only
- Does not cover emergency evacuation and repatration of Policyholder for accidents within geographic area (excluding Singapore)
Allianz Motor Protect
- Offers TPO, TPFT, and Comprehensive options with standard third-party limits (unlimited injury and S$5,000,000 property damage) and own-damage cover under Comprehensive
- Lifetime warranty on repairs at authorised workshops for as long as the policy remains in force
- New-for-old replacement if car is damaged beyond repair within 24 months of first registration (replacement or cash equivalent)
- Complimentary courtesy car or daily transport allowance (S$50/day up to 10 days) for comprehensive plan, plus taxi reimbursement and towing up to S$500 per accident
- Optional NCD Protector, any-workshop repairs, and PA/medical add-ons
- By default, repairs must be done at authorised workshops unless the any-workshop optional cover is purchased
- Only one of courtesy car or daily transport allowance can be claimed per accident
Direct Asia Comprehensive
- Up to S$1,000 in medical expenses
- 24/7 Roadside Assistance
- Windscreen excess waived if the repairs on Windscreen or windows of the Insured Vehicle are carried out at appointed or approved windscreen repairer
- Young and/or Inexperienced Driver excess of S$3,000
- Daily transport allowance applicable only if repairs exceeds 3 days
ECICS Private Motor
Promo Code:
SPECIAL15
- Comprehensive, TPFT and TPO options with standard limits: own-damage up to market value, third-party property up to S$5,000,000, third-party bodily injury unlimited
- Free NCD Protector NCD can be protected even at low levels
- “Comprehensive Family NCD Builder” plan - all named drivers earn 10% extra “Family NCD” per year of claim-free driving (capped at 50%), encouraging safe driving among household drivers
- Ancillary benefits: PA for insured/named driver up to S$50,000; medical expenses up to S$500 each; unlimited windscreen/sunroof/moonroof cover; towing S$300
- Strong EV enhancements (charger liability cover S$100,000; charger damage S$10,000; EV-focused roadside assistance add-on)
- Standard excess of S$750 (or as specified) plus additional excesses for unnamed drivers and young/inexperienced drivers (under 26 and/or <2 years’ licence) of S$3,000
- 24/7 roadside assistance, Loss-of-Use, courtesy car, any-workshop, enhanced PA/med, and “New for Old” are optional add-ons, not built-in
AIG Complete
Promo Code:
AIGSS5
- AIG’s Complete plan covers damage or loss to your vehicle due to collision, fire, theft, natural disasters / “Acts of God”, and even civil commotions, on top of the usual third-party liability
- Standard NCD structure with protected NCD options (via separate endorsement/plan), plus clear NCD rules including non-reporting penalties and court-determined fault thresholds
- Policy wording explicitly covers a broad list of accidental causes (collision, overturning, theft/robbery, falling objects, external explosion, fire, lightning, etc.)
- Limit coverage to drivers aged 30, 35, or 40 years old and above and pay a lower premium
- Select your expected mileage upfront and enjoy a lower premium.
- Full benefits (e.g., PA, medical, any-workshop rights) may be configured differently by distributor/variant; you must refer to the specific Complete policy schedule for limits and optional covers chosen
- NCD can be reduced or cancelled not just by claims but also by failure to comply with reporting requirements (e.g., non-reporting of accidents within stipulated time)
AIG Collision Only
Promo Code:
AIGSS5
- Focused cover for damage to your own car only when there is a collision with another vehicle, complementing mandatory third-party liability cover
- May cost less than full comprehensive cover while still protecting against at-fault collision repairs, depending on underwriting and usage. (Premiums are quote-based)
- Limit coverage to drivers aged 30, 35, or 40 years old and above and pay a lower premium
- Pre-select your expected mileage and enjoy a lower premium
- No cover for non-collision perils such as fire, theft, flood, falling objects or vandalism - those are only covered under Complete
- Not suitable if the owner is concerned about total-loss scenarios from non-collision events (e.g., car stolen or written off by flood)
Etiqa Third Party Only Private Car Insurance
- No frills coverage - THIRD PARTY COVERAGE ONLY
- Covers death or bodily injury to third party, loss or damage to third party property
- Covers up to S$2,000 for legal costs and expenses
- Only covers Third party property damages, legal costs, death and injuries
- No coverage for windscreen
- Does not cover emergency evacuation and repatration of Policyholder for accidents within geographic area (excluding Singapore)
Need help to decide? Contact us and our licensed insurance brokers will reach out within 24 hours.
How to compare car insurance quotes
Most Singaporean drivers pay around S$700–S$1,000+ per year for car insurance, depending on things like your age, driving history, and what kind of coverage you want. For some higher-risk drivers or more expensive vehicles, premiums can go up to S$2,000+ a year.
Here’s a closer look at what actually affects how much you pay.
Key factors that affect your premium
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Car model and age: The type of car you drive and its age significantly impact the cost. For instance, newer, more expensive cars generally attract higher premiums due to their higher value and repair costs.
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Driver's age and experience: Younger and less experienced drivers typically pay higher premiums due to their higher risk profile. But as you gain more driving experience and maintain a clean driving record, your premiums may decrease.
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Marital status: Married drivers may sometimes enjoy lower premiums, as statistics show they’re less likely to be involved in high-risk driving behaviour.
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Occupation: Some insurers take your job into account. People who drive more for work, like sales or delivery staff, might face slightly higher premiums due to higher exposure on the road.
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No Claim Discount (NCD): NCD is a valuable discount awarded to drivers with a history of no claims. The discount increases for each consecutive year of no claims, up to a maximum of 50%. Also, maintaining a good NCD can significantly lower your premiums.
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Certificate of Merit (COM) discount: Drivers with a clean record for at least three years may also qualify for a small extra discount on top of their NCD.
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Coverage type: The type of coverage you choose also affects the cost. Comprehensive coverage, which offers the most extensive protection, is typically more expensive than third-party-only coverage.
- Other factors: Additional factors such as your driving history, the excess amount you choose, and any optional add-ons like roadside assistance can also influence the final cost.
Electric car insurance costs in Singapore
Electric vehicle (EV) insurance is generally more expensive than traditional petrol or diesel car insurance. This is mainly because EV repairs often require specialised parts and trained technicians, especially for high-voltage batteries.
Here’s a rough comparison of estimated premiums across different car types:
|
Electric vehicle (EV) |
Indicative annual premium (without NCD) |
|
Typical EV (average range) |
S$2,000 – S$5,000 |
|
Tesla Model 3 |
Up to ~S$1,800/year |
|
Tesla Model S |
Up to ~S$2,800/year |
How to estimate your car insurance costs
Estimating your car insurance costs in Singapore can be tricky, as several factors influence the final premium:
- Car model and age: The type of car you drive and its age significantly impact the cost. For instance, newer, more expensive cars generally attract higher premiums due to their higher value and repair costs.
- Driver's age and experience: Younger and less experienced drivers typically pay higher premiums due to their higher risk profile. But as you gain more driving experience and maintain a clean driving record, your premiums may decrease.
- No Claim Discount (NCD): NCD is a valuable discount awarded to drivers with a history of no claims. The discount increases for each consecutive year of no claims, up to a maximum of 50%. Also, maintaining a good NCD can significantly lower your premiums.
- Coverage type: The type of coverage you choose also affects the cost. Comprehensive coverage, which offers the most extensive protection, is typically more expensive than third-party-only coverage.
- Other factors: Additional factors such as your driving history, the excess amount you choose, and any optional add-ons like roadside assistance can also influence the final cost.
Comparing comprehensive car insurance
Comprehensive car insurance provides the widest protection available in Singapore. It not only covers third-party injury and property damage but also protects your own vehicle from accidents, fire, theft, and vandalism. Most car owners, especially those with newer or financed vehicles, go for this option because it offers peace of mind and covers the most scenarios, even if it’s the priciest.
|
Plan |
Insurer |
Starting annual rate |
|
MotorMax Plus |
MSIG |
~S$840 |
|
Drive & Save Plus |
Great Eastern |
~S$1,020 |
|
DirectAsia Comprehensive |
DirectAsia |
~S$875 |
|
TIQ Comprehensive |
Etiqa |
~S$910 |
|
Motor Prestige |
Singlife |
~S$980 |
Comparing Third-Party Only (TPO) car insurance
Third-Party Only (TPO) car insurance offers the most basic and affordable level of protection. It covers only damage or injury caused to other people or their property — not your own vehicle. It’s usually chosen by drivers of older cars that are fully paid off, or by those looking for the lowest mandatory coverage required to drive legally in Singapore.
|
Plan |
Insurer |
Starting annual rate |
|
Third-Party Only Private Car |
Etiqa |
~S$665 |
|
Third-Party Only Private Car |
DirectAsia |
~S$600 |
|
Motor Protect (TPO) |
Allianz |
~S$750 |
Comparing Third Party, Fire & Theft (TPFT) car insurance
Third Party, Fire & Theft (TPFT) car insurance is a middle-ground option between TPO and Comprehensive plans. It includes all the protections of TPO but also covers your car against fire damage and theft. This plan suits drivers who want a bit more security than TPO but don’t want to pay full Comprehensive premiums.
Here are some insurers in Singapore that offer TPFT coverage:
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DirectAsia
-
Allianz
-
Etiqa
What type of car insurance coverage suits your needs?
Not all car insurance plans are created equal. Some focus on keeping costs low, while others prioritise flexibility or full protection. Here’s a quick guide to help you decide which insurers might fit your priorities best.
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Affordable basic coverage:
|
Roadside assistance:
|
Customisable car insurance:
|
No-claim discount (NCD) protection:
|
How to compare car insurance quotes
To make the process of choosing and comparing car insurance quotes easier, follow the tips below.
Gathering the right information
Just as you would have the information about your property when looking for home insurance quotes, you also need certain details for your auto insurance. So, before you start comparing quotes, it's important to gather the necessary information about yourself and your vehicle.
Driver details
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Age, occupation, and marital status
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Driving experience
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NCD status
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Past accidents or claims
Vehicle details
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Make, model, and manufacture year
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Purchase year
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Mileage
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Current market value of the car
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Current car insurance provider (if applicable)
Choosing the right coverage
Remember, the right type of coverage depends on your individual needs and circumstances. For instance, third-party-only coverage is a budget-friendly option that suits drivers with older vehicles, where comprehensive coverage may not be cost-effective. On the other hand, comprehensive coverage offers extensive protection and peace of mind, especially for those with newer or more expensive vehicles.
Take a moment to determine your ideal coverage levels. The default options presented in online quotes might not align with your needs, so consider customising your quotes by adjusting liability limits and adding optional coverages like comprehensive and collision.
Conduct quote comparisons using SingSaver's comparison tool
When comparing car insurance quotes, ensure consistency across all options. Make sure you're comparing apples to apples and ensure that the quotes you're comparing have similar coverage limits and benefits. This practice enables informed decision-making based on a true assessment of value.
Consider these other key factors:
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Claim excess and deductibles: The excess is the amount you have to pay out of pocket in the event of a claim. Choosing a higher excess can lower your premium, but make sure you can afford to pay it if you need to make a claim.
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Additional benefits: Some policies may include additional benefits like roadside assistance, loss of use coverage, and medical expenses coverage.
To make the process of comparing car insurance quotes easier, we've created a comparison tool that allows you to compare quotes from different providers and find the best deal for your needs.
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Enter your car details: Start by entering your car brand, model, and year of manufacture.
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Customise the filters: Next, customise the filters based on your personal details, such as gender, marital status, age, driving experience, NCD, and the number of claims in the last three years.
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Update and compare: Once you've entered your details and customized the filters, click "Update Quote" to generate a list of personalised car insurance quotes. Compare the quotes side-by-side to find the best deal for your needs.
Know the insurance provider
When comparing car insurance quotes, don't just focus on the premium price. Research the insurance provider’s reputation for customer service and claims processing. While at it, read online reviews and check independent ratings to get an idea of the insurance provider’s reliability and customer satisfaction.
Additionally, ensure the companies offer the features that are important to you. For instance, if you prefer online claims filing, check if their website or app supports this functionality.
Evaluate the overall value
If you're also looking for other insurance policies, such as home insurance, explore bundling options with your car insurance. Opting for a multi-policy approach with a single insurance provider can often reveal opportunities for discounts and streamline policy management.
However, it's still wise to compare prices and coverage from separate companies to ensure you're getting the best overall value.
Comparing car insurance quotes side by side
Below is an illustration of three car insurance quotes as well as advice on how to compare them:
|
Car insurance |
Coverage highlights |
Claim excess |
Starting price |
|
Great Eastern Drive and Save Plus |
Death benefits of S$120,000 for you and S$50,000 for authorised drivers/passengers. |
From S$500 |
S$882 |
|
Singlife Motor Lite |
S$0 death benefit but up to S$500 medical expense coverage. |
From S$300 |
S$822.48 |
|
Allianz Motor Protect |
Death and injuries coverage up to S$50,000. |
S$0 |
S$982 |
Singlife Motor Lite offers the most affordable starting price at S$822.48, but it doesn't come with death benefit and medical expense coverage. Great Eastern Drive and Save Plus, on the other hand, offers a higher death benefit of S$120,000 for you and S$50,000 for authorised drivers/passengers. However, it comes with a higher starting price of S$882. Allianz Motor Protect sits in the middle with a starting price of S$982 and a death and injuries coverage of up to S$50,000.
When choosing between these options, it's important to consider your priorities and needs. If price is your main concern, Singlife Motor Lite might be the most attractive option. However, if you prioritise comprehensive coverage and benefits, Great Eastern Drive and Save Plus might be a better choice, despite the higher price.
Remember that these are just fictionalised examples, and the actual car insurance quotes you receive may vary depending on your individual circumstances. It's crucial to compare quotes based on your specific needs and preferences to find the best value.
Beyond the coverage and price, it's also essential to be aware of potential hidden costs, such as administrative fees, policy exclusions, and additional charges for modifications or named drivers. At the same time, we recommend reviewing the overall value that each insurance provider brings, not just the quotes. Here's a quick look at the examples we shared above:
Great Eastern Drive and Save Plus offers comprehensive coverage and death benefits, but comes with a higher starting price.
Ultimately, the best value deal doesn't always come from the cheapest insurance companies. It's also about finding the right balance between motor insurance price, coverage, and benefits that suit your needs. So, consider factors like 24/7 roadside assistance, an easy claims process, and add-ons that offer valuable protection and peace of mind.
Car insurance rates vs. quotes
It's important to understand that advertised car insurance rates are often just estimates and may differ from the final quote you receive. While these rates provide a general idea of what you might pay, they don't consider your unique circumstances.
Several factors can influence your final car insurance premium, including your claim history, vehicle modifications, and even your occupation. For example, if you've made multiple claims in the past or have modified your vehicle with performance-enhancing parts, your premium could be higher than the advertised rate.
However, SingSaver's comparison tool helps bridge this gap by considering your personal details and providing more accurate quotes tailored to your specific situation. By inputting your information, such as your age, driving experience, NCD, and claim history, our tool can generate quotes that more closely reflect the actual premium you'll pay. At the same time, this personalised approach ensures you get a realistic estimate and can make informed decisions about your car insurance coverage.
Car insurance rates
Reviewing the car insurance quotes for drivers with similar details as yours can provide you with an overview of the amount you can expect to pay. Below, we illustrate some key factors such as age, driving history, credit, coverage type, and vehicle details, that may influence your premiums.
Rates by age
Age is one of the most significant factors that influence car insurance rates. Usually, the younger you are, the higher you will pay, but as you reach your 30s, the premiums will decrease. Then, the rates will increase again in your 70s.
Rates by age
These are the annual rates for a 20-year-old single male with 0 years of driving experience and no claims within the last three years.
These are the annual rates for a 35-year-old married male with at least three years of driving experience, 50% NCD, and no claims within the last three years.
These are the annual rates for a 70-year-old married male with at least three years of driving experience, 50% NCD, and no claims within the last three years.
Rates by driving history
Filing claims due to an incident that's primarily your fault will influence your auto insurance rates. Note that car insurance providers compute the rates a bit differently, so it's worth comparing the quotes to get the ideal prices.
Rates by driving history
These are the annual rates for a 35-year-old married male with at least three years of driving experience and no claims within the last three years.
These are the annual rates for a 35-year-old married male with at least three years of driving experience and no claims within the last three years.
These are the annual rates for a 35-year-old married male with at least three years of driving experience and no claims within the last three years.
Rates by NCD
Your No Claim Discount (NCD) is a significant factor affecting your car insurance premium. By maintaining a clean driving record and accumulating years of no claims, you can earn a substantial discount on your premium, making it more affordable to protect your vehicle.
Annual rates for drivers with no claim discounts
These are the annual rates for a 35-year-old married male with at least three years of driving experience and with no claims within the last three years.
Rates by vehicle details
Your car's make and model, along with its year of manufacture, can significantly influence your motor insurance premium. In comparison to common consumer vehicles, high-value or luxury cars typically attract higher premiums due to their increased risk profile.
Rates by vehicle details
These are the annual car insurance rates for a 35-year-old married male with at least three years of driving experience, no claims within the last three years, and 50% NCD.
MORE: Best Car Insurance in Singapore
The information provided in this article is based on a combination of desk research, analysis of publicly available data, and insights drawn from reputable sources in the car insurance industry. SingSaver consults a variety of resources, including insurance provider websites, policy documents, industry reports, and consumer reviews, to ensure the accuracy and comprehensiveness of our content. We also strive to keep our information up-to-date by regularly reviewing and updating our articles to reflect the latest trends and changes in the car insurance market.
While we strive to provide accurate and comprehensive information, the car insurance landscape is constantly evolving. Therefore, we encourage you to conduct your own research and compare quotes from different insurance providers before making a decision.
What does car insurance actually cover?
Many Singaporeans buy car insurance simply because it’s required, but not everyone is clear on what it actually protects you from. Here’s a quick breakdown of the core things your policy typically covers.
Protection for repairs to your own car
Accidents, theft, falling trees, carpark mishaps — owning a car means facing all kinds of unexpected risks. And repair bills in Singapore can be painfully expensive, especially if major parts or bodywork are involved.
A comprehensive car insurance plan helps absorb these costs by covering damage to your vehicle after an accident or an insured event, such as fire or theft. You pay an annual premium, and in return, your insurer covers most of the repair bill when things go wrong.
Cover for damage you cause to others
If you collide with another vehicle or accidentally damage someone’s property, you’re legally responsible for the cost. These claims can easily run into the thousands, or even higher if injuries are involved.
Car insurance cushions this blow by paying for third-party liabilities, helping you avoid major out-of-pocket expenses if you’re held responsible for the accident.
Does my choice of workshop matter?
Most insurers let you choose between using their network of authorised workshops or paying more for the freedom to visit any workshop you prefer.
Which option is more cost-effective?
Choosing authorised workshops almost always lowers your premium. Insurers have negotiated rates with these workshops, so repairs cost them less, and those savings are passed on to you.
If you want the flexibility to choose your own specialist or trusted mechanic, selecting “any workshop” allows that, but usually with a higher premium.
For older cars, authorised workshops are often enough
If you drive an older vehicle or aren’t particular about workshop choice, authorised workshop plans are generally more affordable and practical. Just make sure the insurer’s network of workshops is convenient enough for your needs.
What is excess and how does it impact my premium?
Car insurance plans let you customise your premium by adjusting something called your excess — the amount you agree to pay out of pocket before your insurer covers the rest of a claim.
How excess works
A higher excess means you take on more of the initial cost during a claim. Because you’re sharing more of the risk, insurers reward you with a lower premium.
On the other hand, a lower excess reduces your upfront cost during an accident, but your premium will generally be higher.
What’s a typical excess in Singapore?
Most insurers quote premiums based on a $500–$600 excess, which many drivers are comfortable with. You can increase it to lower your premium, but remember that if an accident happens, you’ll need to pay that full excess in cash before repairs proceed.
Before choosing a very high excess, think about whether you’d realistically be comfortable paying that amount during a stressful situation.
Frequently asked questions about car insurance
Car insurance costs in Singapore vary based on factors like your car's model and age, your driving experience, and the type of coverage you choose. Generally, premiums can range from a few hundred to several thousand dollars per year.
When comparing car insurance, consider the coverage, benefits, claim excess, premium price, and the insurer's reputation for customer service and claims processing.
Yes, car insurance is mandatory in Singapore. At the very least, you must have third-party coverage to legally drive your vehicle.
There are three main types of car insurance in Singapore, namely, third-party only, third-party fire and theft, and comprehensive insurance.
The amount of car insurance you need depends on your individual needs and circumstances. So, consider factors like your driving habits, vehicle value, and budget to determine how much car insurance coverage you need.
For new drivers, it's recommended to opt for comprehensive coverage with a reputable insurer that offers additional benefits like roadside assistance and a good claims process.
Usage-based insurance (UBI) is a type of car insurance where your premium is calculated based on your actual driving behaviour, such as mileage, speed, and braking habits.
High car insurance quotes can be attributed to various factors, including your age, driving history, and the type of vehicle you own. Comprehensive coverage, living in high-risk areas, and modifications to your car can also increase costs. However, when you understand these factors, you can explore options to potentially lower your car insurance premiums.
Using online comparison tools like SingSaver's is the fastest way to compare car insurance quotes from multiple insurers in Singapore.
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