So you’ve done the math and figured that you can afford the monthly cost of a car comfortably!
Now comes the next cheem (Hokkien for complex) part: car insurance. Why do you need car insurance?
Because… it will be helpful when your car’s tires and rims were stolen. Worse still, car accidents can leave you permanently disabled and in an unfortunate event, death.
If you’re going to own a car, it’s mandatory under the Motor Vehicles (Third-Party Risks and Compensation) Act for all vehicles on Singapore roads to have at least third-party insurance coverage.
But, buying a car insurance policy can be a lengthy, complex, and downright expensive undertaking!
Just looking at the 2019 Singapore Business Review, the average cost of car insurance is around $862.
To help make things slightly easier, we’ve created this ultimate guide so you can figure out which is the best car insurance for you.
TL;DR: Which Is the Best Car Insurance for Me?
First, based on the insurers we mentioned below, you should be prepared to fork out anywhere from $700 to $1,300.
Do note that the premium will depend on your age, No Claim Discount, and years of driving experience.
Here’s a quick summary of car insurers and their annual prices:
Click here to jump:
Disclaimer: The Information provided by Seedly does not constitute an offer or solicitation to buy or sell any insurance product(s). It does not take into account the specific objectives or particular needs of any person. We strongly advise you to seek advice from a licensed insurance professional before purchasing any insurance products and/or services.
Car Insurance Terminologies in Singapore
For starters, these are some terminologies that will be useful to pick up throughout the article.
Also, car insurance is typically purchased annually, but you may choose different payment plans and renewal periods based on their needs and preferences. This is the typical process:
- Annual Policies: Car insurance policies in Singapore are typically issued for one year and drivers need to renew their policies annually
- Renewal Notices: Insurers usually send renewal notices to policyholders a few weeks before the policy’s expiration date, reminding them to renew their insurance
- Payment Plans: While the standard practice is to pay for the full year upfront, some insurers may offer monthly or quarterly installment plans. However, paying in installments might incur additional fees or interest.
- No Claim Discount (NCD): NCD is given to drivers who have not made any claims against their car insurer. This increases every year and can add up to savings on their insurance premiums over time. In the event that drivers made a claim, their NCD discount can be reduced or lost altogether.
An NCD Protector is often an optional add-on to help prevent this loss and allows drivers to make one or more claims against their policy.
- Excess & Deductible: When you file a claim with your car insurance provider, you must pay an excess. If you are at fault for causing the damage to your car, a specific amount, also known as the deductible, will be subtracted from the insurance proceeds you are claiming for.
Car Insurance Comparisons in Singapore
For the sake of comparison, I chose a Toyota model since the company topped 2023’s new car sales.
- Model: Corolla Atlis 1.8,1,789cc, Sedan
- Registered: 2023
- Driver age: Born in 1990
- Occupation: Accountant/Auditor
- Driving experience: 5 years
- No. of fault claims in the past 3 years: 0
- NCD%: 50%
- Peak/Non-peak: Peak
AIG Car Insurance
As AIG’s website advertised: “99.9% of motor claims approved, fast claim approval within 1 working day”, you can possibly expect your claims to be approved rather swiftly.
| AIG Car Insurance Collision | AIG Car Insurance Complete | |
| Own Damage Cover for damage or losses to your vehicle that is caused by an accident |
As Market Value (In the event of a collision with another vehicle only) | As Market Value |
| Fire Cover for damage or losses to your vehicle that is caused by fire |
As Market Value (In the event of a collision with another vehicle which resulted in the fire) | As Market Value |
| Authorised Driver Any driver with a valid driving license and driving with your permission |
Within your household only | Within your household only |
| Damage to Third-party Property | Up to $5,000,000 | Up to $5,000,000 |
| Death or Injury to Third-party | Unlimited | Unlimited |
| Taxi Reimbursement | Not covered | Not covered |
| Towing Costs | Up to $500 | Up to $500 |
| Authorised Repair Limit | Up to $500 | Up to $500 |
| Legal representation and defense | Covered | Covered |
| New for Old Replacement Car | Not covered | Not covered |
| Courtesy Car | Not covered | Not covered |
| Loss of Use or Daily Transport Allowance | Not covered | Not covered |
| 24/7 roadside Assistance | Not covered | Not covered |
| Lifetime Warranty | Not covered | Not covered |
| Windscreen Cover | Not covered | Excess of $100 + GST |
| Choice of Workshops for Accident Repairs | AIG-appointed workshops only | AIG-appointed workshops only |
| Personal Accident | Not covered | Not covered |
| Medical Expenses | Not covered | Not covered |
| Additional Excess for Driver(s) | Age ≤ 23 and/or has less than 2 years of driving experience: $3,000 + GST |
Age ≤ 23 and/or has less than 2 years of driving experience: $3,000 + GST |
| No Claim Discount | If the NCD is 40% or 50% at the time a claim is made, the NCD will be reduced to 10% or 20%, respectively. If the NCD is 30% or less, the whole NCD will be cancelled. | |
| Price | $1,060.73 | $1,302.31 |
| Sign Up Now | Apply Now | Apply Now |
AIG Car Insurance Highlights
- Excess waiver of up to $1,000 for in-car-camera video footage during accidents to help with fraudulent claims
- Age condition policy where you can lower your premium by limiting coverage to drivers aged 30, 35, or 40 years and above.
- AIG Car Insurance (Complete) refunds 80% of the premium less a pro-rated amount to cover the period when you were covered if you decide to cancel the plan
Our Recommendations
The AIG Car Insurance is a great option for those with family members who drive as it automatically covers your family members with no additional charges.
AIG Car Insurance Review
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Allianz Car Insurance
Allianz has three standard plans ranging from Third-Party Only to a Comprehensive plan.
| Allianz Motor Protect (Third-Party Only) | Allianz Motor Protect (Third-Party Fire and Theft Only) | Allianz Motor Protect (Comprehensive) | |
| Loss Or Damage To Car By Accident | Not Covered | Not Covered | Covered |
| Loss Or Damage To Car By Fire And/Or Theft Only | Not Covered | Covered | Covered |
| Taxi Reimbursement | Not Covered | Not Covered | Up to $100 per accident or breakdown |
| Towing Costs | Not Covered | Not Covered | Up to $500 per accident or breakdown |
| Authorised Repair Limit | N.A. | N.A. | Up to $350 per accident |
| Choice of workshops for accident repairs | Allianz-appointed workshops only unless you have option cover of “Repairs at preferred workshop” | ||
| Damage to Third-party Property | Up to $5,000,000 per accident | ||
| Death or Injury to Third-party | Covered | ||
| Legal Representation And Defense | Up to $3,000 per accident | ||
| Additional Excess for Driver(s) | ≥ age 27: $500 | ||
| New for Old Replacement Car | Not Covered | Not Covered | Covered if your car is less than 2 years old and damaged beyond repair |
| Courtesy Car | Not Covered | Not Covered | Covered (Up to 10 days per accident or breakdown) |
| Loss of Use or Daily transport allowance | Not covered | Not covered | $50 per day, up to 10 days per accident |
| 24/7 roadside assistance | Not covered | Not covered | Covered |
| Lifetime Warranty | Not Covered | Not Covered | Covered (If repaired at an authorised workshop) |
| Windscreen Cover | Not Covered | Not Covered | Unlimited |
| Personal Accident | Not Covered | Not Covered | Optional: Up to $1,000 per passenger |
| Price | $694.57 | $740.87 | $926.09 |
Allianz Car Insurance Highlights
- Provides personal accident coverage for passengers (comprehensive plan only)
- Complimentary 24/7 emergency assistance
Our Recommendations
The plan is value-for-money given that it tries to provide as much coverage as possible
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Budget Direct Car Insurance
A relatively new contender in the car insurance industry, Budget Direct specialises in car, motor, and travel insurance.
The company offers three plans:
| Budget Direct Third-Party Only | Budget Direct Third-Party Fire and Theft | Budget Direct Comprehensive | |
| Loss Or Damage To Car By Accident (if someone crashes into you) | Not Covered | Not Covered | Covered |
| Loss Or Damage To Car By Accident (if you are at fault) | Not Covered | Not Covered | Covered |
| Loss Or Damage To Car By Fire And/Or Theft Only | Not Covered | Covered | Covered |
| Taxi Reimbursement | N.A. | N.A. | N.A. |
| Towing Costs | Not covered | $500 for overseas tow, $200 for local tow | $500 for overseas tow, $200 for local tow |
| Authorised Repair Limit | N.A. | N.A. | N.A. |
| Damage to Third-party Property | Up to $5,000,000 | ||
| Death or Injury to Third-party | Unlimited | ||
| Legal Representation and Defense | Up to $3,000 | ||
| New for Old Replacement Car | N.A. | N.A. | N.A. |
| Courtesy Car | N.A. | N.A. | N.A. |
| Loss of Use or Daily Transport Allowance |
Not covered | Optional: Up to $50 per day (max. 10 days per accident) | Optional: Up to $50 per day (max. 10 days per accident) |
| 24/7 Roadside Assistance | Not covered | Optional | Optional |
| Lifetime Warranty | N.A. | N.A. | N.A. |
| Windscreen Cover | Optional | Optional | Covered |
| No Claim Discount | Available for customers with NCD of 30% and above | Available for customers with NCD of 30% and above | Available for customers with NCD of 30% and above |
| Choice of Workshops for Accident Repairs | N.A. | Optional | Optional |
| Additional Excess for Driver(s) | Policy Excess (as shown on Certificate of Insurance): $600
Unnamed Driver Named Driver Named Driver with less than 2 years driving license: $1,500 |
||
| Personal Accident | Optional: Up to $100,000 | Optional: Up to $100,000 | Optional: Up to $100,000 |
| Medical Expenses | Optional: Up to $500 | Optional: Up to $500 | Optional: Up to $500 |
| Price |
$343.79 (incl. GST) |
$422.02 (incl. GST) | $550.66 (incl. GST) |
| Special features | Good for overseas driving: Covers up to $1,000 for towing and $200 per person, plus emergency phone calls up to $100. If you or your passengers are seriously injured and need to be evacuated we’ll pay up to $25,000 per person | ||
Budget Direct Car Insurance Highlights
- Good for budget-conscious seasoned drivers
- If found that their quote is higher than other insurers, BudgetDirect would pay you $100 (terms & conditions applied).
Our Recommendations
- Although less robust compared to other insurers, the plan is value-for-money for seasoned and older drivers.
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DirectAsia Car Insurance
DirectAsia has three insurance plans that fit almost any driver, requirement, and age. Here are the core plans you can start with:
| DirectAsia Third-Party Only | DirectAsia Third-Party Fire and Theft | DirectAsia Third-Party Comprehensive | DirectAsia SOS Car Insurance | |
| Loss Or Damage To Car By Accident (if someone crashes into you) | Not covered | Not covered | Up to Market Value | Up to Market Value |
| Loss Or Damage To Car By Accident (if you are at fault) | Not covered | Not covered | Up to Market Value | Up to Market Value |
| Loss Or Damage To Car By Fire And/Or Theft Only | Not covered | Up to Market Value | Up to Market Value | Up to Market Value |
| Taxi Reimbursement | N.A. | |||
| Towing Costs | Not covered | Up to $200 in Singapore | Up to $200 in Singapore | Up to $200 in Singapore |
| Authorised Repair Limit | N.A. | |||
| Damage to Third-party Property | Up to $5,000,000 | |||
| Death or Injury to Third-party | Unlimited | |||
| Legal Representation And Defense | N.A. | |||
| New for Old Replacement Car | N.A. | Optional: Covers the cost of replacing the car | Optional: Covers the cost of replacing the car | N.A. |
| Courtesy Car | N.A. | |||
| Loss of Use or Daily transport Allowance | N.A. | Optional: $50 per day (max. 10 days per accident) |
Optional: $50 per day (max. 10 days per accident) |
Optional: $50 per day (max. 10 days per accident) |
| 24/7 Roadside Assistance | N.A. | Optional: Labour and towing costs | Optional: Labour and towing costs | N.A. |
| Lifetime Warranty | N.A. | |||
| Windscreen Cover | Not covered | Replacement or repair costs | Replacement or repair costs | Replacement or repair costs |
| Choice of Workshops for Accident Repairs | N.A. | Up to market value at authorised workshops | Up to market value at authorised workshops | Up to market value at authorised workshops |
| Personal Accident | Optional: Up to $500,000 | Optional: Up to $100,000 | ||
| Medical Expenses | Optional Up to $3,000 per person | Optional: Up to $500 per person | ||
| No Claim Discount | Optional: One claim per policy period | Optional: One claim per policy period | Optional: One claim per policy period | Optional: One claim per policy period |
| Additional Excess for Driver(s) | N.A. | |||
| Price | $593.03 | $727.46 | $935.67 | N.A. |
| Special features | Covers Singapore, West Malaysia, and Southern Thailand (this is part of Thailand within 80km of the border between Thailand and Malaysia).
Also covers you when your car is crossing the straits between Singapore and Tanjung Belungkor, Johor, and when you cross the straits between West Malaysia and the Malaysian islands offshore of West Malaysia. |
|||
DirectAsia Car Insurance Highlights
- SOS car insurance (a DirectAsia-only offer) if within the last 3 years, you or any of your drivers had 2 or more at-fault accidents OR had your/their insurance refused or terminated
- Covers Singapore, West Malaysia, and Southern Thailand (this is part of Thailand within 80km of the border between Thailand and Malaysia)
Our Recommendations
- Cheaper premiums as you’ll only be opting in for the features you want
- The NCD60 discount is a no-brainer for safe drivers, it’s also an immediate benefit unlike ‘for life’ NCD schemes where you will only see the benefit in the unfortunate event that you have to make a claim.
DirectAsia Car Insurance Review
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Hong Leong Car Protect360 Car Insurance
As compared to other insurers, Hong Leong Assurance only has one plan but it has quite an extensive coverage.
| Hong Leong Assurance | |
| Loss Or Damage To Car By Accident | Up to market value at time of loss or damage |
| Loss Or Damage To Car By Fire And/Or Theft Only | Up to market value at time of loss or damage |
| Taxi Reimbursement | N.A. |
| Towing Costs | Up to $500 |
| Authorised Repair Limit | Up to $300 (limit is after Policy Excess) |
| Damage to Third-party property | Up to $5,000,000 |
| Death or injury to third-party | Unlimited |
| Legal representation and defense | N.A. |
| Additional Excess for Drivers (s) | N.A. |
| New for Old Replacement Car | N.A. |
| Courtesy Car | N.A. |
| Loss of Use or Daily Transport Allowance | $50 per day, up to a total of $1,000 |
| 24/7 Roadside Assistance | Covered |
| Lifetime Warranty | N.A. |
| Windscreen Cover | Unlimited (Excess at $100 if not at authorised workshop) |
| No Claim Discount | N.A. |
| Choice of Workshops for Accident Repairs | Excess is halved at authorised workshops |
| Personal Accident | Policyholder: Up to $20,000
Authorised Driver: Up to $10,000 Passengers: Up to $10,000 |
| Medical Expenses | Up to $1,000 each |
| Price | $1,152.37 (incl. GST) |
| Special features | Covers Car accessories: Up to $1,000 |
Hong Leong Car Protect360 Car Insurance Highlights
- Freedom to choose your own workshop but if you choose to visit an HL Assurance authorised workshop, you get the assurance that genuine manufacturers’ parts are used and it comes with a 9-month repair warranty
- Own Damage Excess is halved when you choose to repair your vehicle at any of the HL Assurance-approved workshops
- Provides free car servicing/grooming with purchase of any new car insurance policy
Our Recommendations
- Not much flexibility in customisation of NCD protector; it is also an optional benefit and applies only to policyholders of 50% NCD
Hong Leong Car Protect360 Car Insurance Review
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Income Drivo Car Insurance
NTUC Income has three comprehensive plans to choose from, one of which is specifically for Porsche owners.
| Income Drivo Classic | Income Drivo Advantage | Income Drivo Premium | |
| Loss Or Damage To Car By Accident | Up to market value at time of loss or damage | Up to market value at time of loss or damage | Up to market value at time of loss or damage |
| Loss Or Damage To Car By Fire And/Or Theft Only | Up to market value at time of loss or damage | Up to market value at time of loss or damage | Up to market value at time of loss or damage |
| Taxi Reimbursement | N.A. | ||
| Towing Costs | Up to $500 | ||
| Authorised Repair Limit | N.A. | ||
| Damage to Third-party Property | Up to $5,000,000 | ||
| Death or Injury to Third-party | Unlimited | ||
| Legal Representation And Defense | N.A. | ||
| New for Old Replacement Car | N.A. | ||
| Courtesy Car | N.A. | ||
| Loss of Use or Daily transport allowance | Optional: $50 per day (max. 7 days) | ||
| 24/7 Roadside Assistance | Optional: $8.72/year | ||
| Lifetime Warranty | N.A. | ||
| Windscreen Cover | Unlimited (Excess at $100) | ||
| No Claim Discount | Available for customers with NCD of 10% and above | ||
| Choice of Workshops for Accident Repairs | Authorised workshops only | Drivo Advantage authorised workshops only | Any |
| Personal Accident | Up to $50,000 | ||
| Medical Expenses | Up to $1,000 | ||
| Additional Excess for Drivers(s) | Unnamed driver is
Unnamed driver is 27 years old and above with one or more year’s driving experience: $500 |
||
| Price | $897.45 | $1,076.94 | $1,253.15 |
NTUC Income Drivo Car Insurance Highlights
- Orange Force: a first-aid trained Orange Force rider will arrive within 20 minutes to provide advice, take photos, record your statement, ensure your safety, assist in removing your vehicle (if necessary), arrange for alternative transportation or medical attention.
- Unlimited windscreen coverage
Our Recommendations
- Opt for Drivo Classic if you have an older car and don’t mind going to NTUC Income authorised workshops
- Choose Drivo Premium if you have a new car under warranty and don’t see your dealer’s workshop in the list of authorised workshops
- A great choice if you don’t mind paying a bit more for peace of mind during traffic accidents or situations
NTUC Income Drivo Car Insurance Review
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Liberty Insurance Private Car Insurance
Liberty Insurance keeps it simple by offering just one comprehensive car insurance.
| Third-Party Only | Third-Party Fire and Theft | Third-Party Comprehensive | |
| Loss Or Damage To Car By Accident | Not covered | Covered | Covered |
| Loss Or Damage To Car By Fire And/Or Theft Only | Not covered | Covered | Covered |
| Taxi Reimbursement | N.A. | N.A. | N.A. |
| Towing Costs | Not covered | Not covered | Up to $300 |
| Authorised Repair Limit | |||
| Damage to Third-party property | Covered | Covered | Covered |
| Death or Injury to Third-Party | Covered | Covered | Covered |
| Legal Representation And Defense | Covered | Covered | Covered |
| Additional Excess for Drivers (s) | Not covered | Not covered | Covered |
| New for Old Replacement car | N.A. | N.A. | N.A. |
| Courtesy Car | N.A. | N.A. | N.A. |
| Loss of Use or Daily transport allowance | Not covered | Not covered | Covered |
| 24/7 Roadside Assistance | Covered | Covered | Covered |
| Lifetime Warranty | N.A. | N.A. | N.A. |
| Windscreen Cover | Not covered | Not covered | Covered |
| No Claim Discount | N.A. | N.A. | N.A. |
| Choice of Workshops for Accident Repairs | N.A. | N.A. | N.A. |
| Personal Accident | Not covered | Not covered | Up to $50,000 |
| Medical Expenses | Not covered | Not covered | Up to $1,000 per person |
Liberty Insurance Private Car Insurance Highlights
- Loss of use benefit (Rental car up to 5 days 1.6L) for up to 5 days in the event of accident repairs
Our Recommendations
- Great for seasoned drivers looking for basic coverage
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MSIG MotorMax Car Insurance
MSIG offers 2 auto insurance plans: MotorMax and MotoMax Plus.
| MSIG MotorMax | MSIG MotorMax Plus | |
| Loss Or Damage To Car By Accident | Market Value at time of loss or damage | |
| Loss Or Damage To Car By Fire And/Or Theft Only | Market Value at time of loss or damage | |
| Taxi Reimbursement | Not Covered | Not Covered |
| Towing Costs | $500 | $500 |
| Authorised Repair Limit | – | – |
| Damage to Third-party Property | $5,000,000 | |
| Death or Injury to Third-party | Unlimited | |
| Legal Representation and Defense | Not Covered | Not Covered |
| New for Old Replacement Car | Not Covered | Covered |
| Courtesy Car | Not Covered | Not Covered |
| Loss of Use or Daily Transport Allowance | Not Covered | Up to $50 per day (max. 10 days) |
| 24/7 Roadside Assistance | Covered | Covered |
| Lifetime Warranty | Not Covered | Not Covered |
| Windscreen Cover | Windscreen cover, subject to excess of $100 for each claim: Auto reinstatement | Windscreen cover, subject to excess of $100 for each claim: Auto reinstatement |
| No Claim Discount | Offered as optional benefit and only available for customers with NCD of 30% and above | |
| Choice of Workshops for Accident Repairs | MSIG’s authorised workshops | Any workshops |
| Personal Accident | Policyholder: $20,000
Authorised driver and/or passenger: $10,000 each |
Policyholder: $100,000
Authorised driver and/or passenger: $50,000 each |
| Medical Expenses | Policyholder: Up to $1,000
Authorised driver and/or passenger: Up to $1,000 each |
Policyholder: Up to $1,000
Authorised driver and/or passenger: Up to $1,000 each |
| Additional Excess for Driver(s) | Any persons other than policyholder |
|
| Special Features | — | Loan Protection Benefits: $100,000
Emergency medical evacuation and repatriation for accidents within the geographical area (excluding Singapore) in connection with the insured vehicle: Up to $50,000 |
| Price | $842.25 | $968.60 |
| Sign Up Now | Apply Now | Apply Now |
MSIG MotorMax Car Insurance Highlights
- MotorMax Plus offers a Loan Protection Benefit that pays your outstanding car loan (up to $100,000) in the event of accidental death
- NCD Protector is an optional benefit and is available only to holders of 30% NCD or higher at an additional premium
Our Recommendations
- Highly beneficial for safe drivers
MSIG MotorMax Car Insurance Review
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Singlife Car Insurance
Singlife offers three types of comprehensive car insurance plans.
| Singlife Motor Lite | Singlife Motor Standard | Singlife Motor Prestige | |
| Loss Or Damage To Car By Accident | Covered | Covered | Covered |
| Loss Or Damage To Car By Fire And/Or Theft Only | Covered | Covered | Covered |
| Taxi Reimbursement | Not covered | Covered | Covered |
| Towing Costs | Covered | Covered | Covered |
| Authorised Repair Limit | – | – | – |
| Damage to Third-party Property | Up to $5,000,000 | Up to $5,000,000 | Up to $5,000,000 |
| Death or Injury to Third-party | Unlimited, includes passengers | Unlimited, includes passengers | Unlimited, includes passengers |
| Legal Representation and Defense | Unlimited, with Singlife’s consent | Unlimited, with Singlife’s consent | Unlimited, with Singlife’s consent |
| New for Old Replacement Car | Covered for cars less than 12 months old | Covered for new cars less than 12 months old | Covered for new cars less than 12 months old |
| Courtesy Car | Optional | Optional | Optional |
| Loss of Use or Daily Transport Allowance | Not Covered | Not Covered | Up to $80 per day (max. 10 days) |
| 24/7 Roadside Assistance | Not covered | Covered | Covered |
| Lifetime Warranty | Not covered | Not Covered | Not Covered |
| Windscreen Cover | Unlimited at authorised workshops if not no cover + $100 excess
No. of claims allowed: 1 |
Unlimited at authorised workshops if not cover up to $600 + $100 excess
No. of claims allowed: Unlimited |
Unlimited
No. of claims allowed: Unlimited |
| No Claim Discount | Available for customers with NCD of 30% and above | Available for customers with NCD of 10% and above | Available for customers with NCD of 10% and above |
| Choice of Workshops for Accident Repairs | Singlife-approved workshops only | Any (excess will be doubled if done at non-approved repairer) |
Any |
| Personal Accident | Not covered | Death: Up to $50,000
For loss of limb: Up to $25,000 For loss of sight/hearing in one eye/ear: Up to $25,000 |
Death: Unlimited
For loss of limb: Up to $50,000 For loss of sight/hearing in one eye/ear: Up to $50,000 |
| Medical Expenses | Up to $500 | Up to $2,500 | Up to $5,000 |
| Additional Excess for Driver(s) | Age ≤ 24 and/or has less than 2 years driving experience: $2,500 |
Age ≤ 24 and/or has less than 2 years driving experience: $2,500 |
– |
| Special Features | Covers on-site accident reporting
Covers child seat coverage: Up to $250 Covers the use of cars in Singapore, West Malaysia, Peninsula Thailand 5% safe driver discount if you’re earning 50% NCD and is claim-free when renewing Covers electric cars 30+ workshops, including brand authorised workshops
|
Covers on-site accident reporting
Covers personal belonging: Up to $1,000 Covers child seat coverage: Up to $250 Covers the use of car in Singapore, West Malaysia, Peninsula Thailand 5% safe driver discount if you’re earning 50% NCD and is claim-free when renewing Covers electric cars |
Covers on-site accident reporting
Covers personal belonging: Up to $3,000 Covers child seat coverage: Up to $250 Covers use of car in Singapore, West Malaysia, Peninsula Thailand 5% safe driver discount if you’re earning 50% NCD and is claim-free when renewing Covers electric cars |
| Price | $577.86 | $679.83 | $951.77 |
Singlife Car Insurance Highlights
- Preferential rates for drivers with Singlife MINDEF, MHA, and Public Officers group insurance (including spouse, children, parents and siblings)
- One of the youngest limits for young & inexperienced drivers is excess (24 years old)
- Child seat coverage of up to $250 if the child seat in your car is damaged in an accident, fire, or theft
- No Claims Discount (NCD) remains intact with no upfront excess payment required if your car is damaged through no fault of yours. It also offers the lowest NCD penalty of 10% upon claims (for Standard and Prestige)
Our Recommendations
- Opt for Lite if you’re a young & inexperienced driver
- Opt for Prestige if you:
- Just bought a new car
- Have kids who just got their driving license
- Have bad dreams that your kids will get into a freak accident and somehow manage to flip the car over
Singlife Car Insurance Review
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Singtel Car Insurance
That’s right. Telco Singtel offers the Singtel Car Protect underwritten by Great Eastern General Insurance Limited.
| Singtel Car Protect (Value) | Singtel Car Protect (Essential) | Singtel Car Protect (Premium) | |
| Loss Or Damage To Car By Accident | Market Value at time of loss | ||
| Loss Or Damage To Car By Fire And/Or Theft Only | Market Value at time of loss | ||
| Taxi Reimbursement | Not covered | Not covered | Not covered |
| Towing Costs | Up to $300 | Up to $300 | Up to $300 |
| Authorised Repair Limit | Up to $300 | ||
| Damage to Third-party Property | Up to $5,000,000 | Up to $5,000,000 | Up to $5,000,000 |
| Death or Injury to Third-party | Up to $5,000,000 | Up to $5,000,000 | Up to $5,000,000 |
| Legal Representation and Defense | Up to $3,000 | Up to $3,000 | Up to $3,000 |
| New for Old Replacement Car | Not Covered | Not Covered | Not Covered |
| Courtesy Car | Not Covered | Not Covered | Not Covered |
| Loss of Use or Daily Transport Allowance | Not Covered | Not Covered | Not Covered |
| 24/7 Roadside Assistance | Covered | Covered | Covered |
| Lifetime Warranty | Not covered | Not covered | Not covered |
| Windscreen Cover | Not covered | Excess of $100 + GST | Excess of $100 + GST |
| No Claim Discount | Available for customers with NCD of 10% and above | Available for customers with NCD of 10% and above | Available for customers with NCD of 10% and above |
| Choice of Workshops for Accident Repairs | Authorised workshops only | Authorised workshops only | Any |
| Personal Accident | Not Covered | Driver: Up to $120,000
Passenger: Up to $50,000 |
Driver: Up to $120,000
Passenger: Up to $50,000 |
| Medical Expenses | Not Covered | Up to $1,000 per authorised driver | Up to $1,000 per authorised driver |
| Additional Excess for Driver(s) | Covered | Covered | Covered |
| Special Features | Covers within the geographical area, which is West Malaysia, the Republic of Singapore, and the parts of Thailand within 80.5 km of the border between Thailand and West Malaysia | ||
| $703.62 | $764.81 | $917.77 | |
| Sign Up Now | Apply Now | Apply Now | Apply Now |
Singtel Private Car Insurance Highlights
- Personal Accident coverage is relatively higher compared to other insurance plans at $120,000
- One of the plans also cover passengers and overseas traveling
Our Recommendations
- Might be suited for those who fetch other passengers frequently, and for roadtrips
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Sompo Private Car Insurance
A Japanese insurer that offers comprehensive car insurance plans with attractive features.
| Vehicle Between 0 to 10 years (Preferred workshop) | Vehicle Between 0 to 15 years (Authorised workshop) | |
| Loss Or Damage To Car By Accident | Market Value at time of loss | |
| Loss Or Damage To Car By Fire And/Or Theft Only | Market Value at time of loss | |
| Taxi Reimbursement | N.A. | N.A. |
| Towing Costs | N.A. | N.A. |
| Authorised Repair Limit | N.A. | N.A. |
| Damage to Third-party Property | Up to $5,000,000 | |
| Death or Injury to Third-party | Unlimited | |
| Legal Representation and Defense | N.A. | N.A. |
| New for Old Replacement Car | N.A. | N.A. |
| Courtesy Car | N.A. | N.A. |
| Loss of Use or Daily Transport Allowance | Optional: $50 per day (max. 7 days) | Optional: $50 per day (max. 7 days) |
| 24/7 Roadside Assistance | N.A. | N.A. |
| Lifetime Warranty | N.A. | N.A. |
| Windscreen Cover | Unlimited + Excess | Unlimited + Excess |
| No Claim Discount | Available for customers with NCD of 10% and above | Available for customers with NCD of 10% and above |
| Choice of Workshops for Accident Repairs | Preferred & Approved workshop | Approved workshop |
| Personal Accident | Up to $50,000 | Up to $50,000 |
| Medical Expenses | N.A. | N.A. |
| Additional Excess for Driver(s) | N.A. | N.A. |
| Price Schedule | $869.23 (incl. GST) | $1,043.08 (incl. GST) |
Sompo Private Car Insurance Highlights
- 24-hour Emergency Mobile Accident Response Service (MARS): An officer will arrive within 20 minutes to provide advice, take photos, complete accident statements, and perform E-filing of claims, and even recommend the nearest authorised workshop and arrange for towing.
- A 5% Offence Free Discount (OFD) will be granted automatically if NCD is 30% and above
Our Recommendations
Premium might be cheaper compared to the rest as the coverage is not as comprehensive.
Sompo Private Car Insurance Review
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Tiq Car Insurance
Tiq by Etiqa has kept things simple with its plans and coverage.
| Tiq Third-Party Only Private Car Insurance | Tiq Third-Party, Fire and Theft Private Car Insurance | Tiq Comprehensive Private Car Insurance | |
| Loss Or Damage To Car By Accident | Not Covered | Not Covered | Covered |
| Loss Or Damage To Car By Fire And/Or Theft Only | Not Covered | Covered | Covered |
| Taxi Reimbursement | Not Covered | Not Covered | Not Covered |
| Towing Costs | Not Covered | Up to $200 | Up to $200 |
| Authorised Repair Limit | – | – | – |
| Damage to Third-party Property | Covered | Covered | Covered |
| Death or Injury to Third-party | Covered | Covered | Covered |
| Legal Representation And Defense | Up to $2,000 | Up to $2,000 | Up to $2,000 |
| New for Old Replacement Car | Not Covered | Not Covered | Not Covered |
| Courtesy Car | Not Covered | Not Covered | Up to $50 per day (max. 5 days) |
| Loss of Use or Daily transport allowance | Not Covered | Not Covered | Up to $50 per day (max. 5 days) |
| 24/7 roadside assistance | Not Covered | Not Covered | Available as Add-on |
| Lifetime warranty | Not Covered | Not Covered | Not Covered |
| Windscreen cover | Not Covered | Not Covered | Unlimited (Excess of $100) |
| No Claim Discount | Available for customers with NCD of 30% and above | Available for customers with NCD of 30% and above | Available for customers with NCD of 30% and above |
| Choice of workshops for accident repairs | Tiq appointed workshops only unless an optional add-on | Tiq appointed workshops only unless an optional add-on | Tiq appointed workshops only unless an optional add-on |
| Personal Accident | Not Covered | Not Covered | Up to $50,000 |
| Medical Expenses | Not Covered | Not Covered | Up to $1,000 |
| Additional Excess for Drivers (s) | Not Covered | Not Covered | Up to $2,500
Elderly, Young & Inexperienced: $2,000 Unnamed driver: $500 |
| Special features | – | Covers car accessories and spare parts due to fire and/or theft only | Covers car accessories and spare parts due to fire and/or theft only |
| Price | $677.28 | $878.41 | $951.06 |
| Sign Up Now | Apply Now | Apply Now | Apply Now |
Tiq Private Car Insurance Highlights
- Relatively high personal accident cover ($50,000) for a no-frills plan
- Offers optional Sun/Moon Roof Cover (up to $2,000) which allows you to claim for repairs and NOT affect your NCD
- Offers optional damage coverage of up to $1,000 for solar film
- One of the youngest limits for young & inexperienced drivers excess (24 years old) and also covers elderly/
Our Recommendations
- Ideal for the budget-conscious, as they always have frequent Tiq car insurance promos
- Tiq coverage might seem a little scant especially if you’ve bought a new car, or if you expect a higher level of service
- Great for seasoned drivers who know how to handle a traffic accident on their own
Tiq Car Insurance Review
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Cheapest Car Insurance in Singapore
While premiums are what you should look out for, they should not be the only thing you look at especially if you’re a young driver.
What To Look Out For When Buying Car Insurance?
Insurance firms typically charge younger drivers the highest prices, while elderly drivers typically receive significantly lower rates.
Drivers should be aware that in addition to paying premiums, they may also be required to pay an additional Young and/or Inexperienced Driver Excess (usually between $2,000 and $3,000) based on the insurance plans above.
This is on top of the standard excess that you are required to pay each time they submit a claim.
Before committing to a plan, pay attention to the items you need to fork out before you receive any benefits from the insurer.
If the plan has a significantly low Young and/or Inexperienced Driver Excess, or if you can avoid paying it at all, it can be worth paying a somewhat higher premium.
What are your thoughts and experience in purchasing car insurance in Singapore?
Share them with us in the community!