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Updated October 2021

Best Car Insurance

What you need to know about car insurance in Singapore. Compare car insurance with real user reviews, from the cheapest car insurance premiums to the most comprehensive coverage

21 Products Found

    Most Popular
    Most ReviewedHighest RatingA-Z

    Any

    WORKSHOP

    60%

    NCD PROTECTION

    Yes

    24H ROADSIDE ASSISTANCE

    Xuan Rui

    "[Customer Service] [Purchase Process] Dee assisted with my car insurance policy purchasing, she..." 1w ago

    Slide 1 of 3

    Ease of Claim

    4.8

    Customer Service

    4.8
    LD

    "[Customer Service] The operator knows what customer wants and served us with speedy...their..." 9mth ago

    Slide 1 of 3
    J

    "[Purchase Process] The company has decided to increase the premium across the board..." 4mth ago

    Any

    WORKSHOP

    50%

    NCD PROTECTION

    No

    24H ROADSIDE ASSISTANCE

    Vicki Ong

    "A great value for product car insurance. Fast claim approval within 30..." 17mth ago

    MSIG MotorMax Plan

    Authorised

    WORKSHOP

    50%

    NCD PROTECTION

    Yes

    24H ROADSIDE ASSISTANCE

    MSIG MotorMax Plus Plan

    Any

    WORKSHOP

    50%

    NCD PROTECTION

    Yes

    24H ROADSIDE ASSISTANCE

    Remus.L

    "[Customer Service] Great customer service by far. Really efficient and helpful. They could..." 11mth ago

    Slide 1 of 3
    Jayden

    "[Claims Experience] It took many months, close to a year to claim a..." 14mth ago

    Slide 1 of 3
    Loreen Teo

    "It started with the purchasing process. We really had no choice..." 17mth ago

    Authorised

    WORKSHOP

    30%

    NCD PROTECTION

    Yes

    24H ROADSIDE ASSISTANCE

    Genewieve PC

    "Liberty’s Private Car Insurance provides comprehensive coverage including extra benefits. Enjoy peace..." 26mth ago

    Authorised

    WORKSHOP

    50%

    NCD PROTECTION

    No

    24H ROADSIDE ASSISTANCE

    bkbk

    "i've signed up for budgetdirect for 2 years now. 1st year they gave..." 1mth ago

    Slide 1 of 3
    Thomas

    "Epicly retarded claims process. What can be fixed in 3-4 days outside in..." 22mth ago

    Disclaimer: Products with a "Visit Site" button pay to access additional features

    Seedly's Product Comparison Page Listing Guidelines
    For Car Insurance Insurance products to be listed on Seedly's Product Comparison Page, they have to fulfil the following criteria:

    • Policies protected under the Policy Owners’ Protection (PPF) Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC)
    • Insured for Private Car Owners

    Compare Singapore's Best Car Insurance in 2021

    Finding your ideal car insurance policy does not need to be complicated.

    From the cheapest policy to the best insurance coverage for your motor vehicle, find a wide range of car insurance policies to suit your different needs at Seedly Reviews. You can also read real user reviews on your shortlisted car insurance providers for an unbiased take.

    What Is Car Insurance?

    Car insurance is a contract between you and your chosen insurance company. This contract protects you against financial loss in the unfortunate event of an accident or theft. In exchange for paying a premium, the insurance company will cover your losses as outlined in your purchased insurance policy.

    Why Do I Need Car Insurance?

    In short, having motor insurance is compulsory if you want to drive a car in Singapore.

    No matter what vehicle you operate, having vehicle insurance is mandatory for all drivers in Singapore to utilise that particular vehicle on public roads.

    Your motor insurance policy must cover at least cover third-party related accidents that include damage or death of, or bodily injury to, any person arising out of the use of that vehicle on the road.

    Moreover, a vehicle is a big-ticket expense that you want to protect, and that’s why we highly recommend that you get car insurance. It’s a necessity that can help pay for repairs to your vehicle after an accident, depending on what kind of coverage you select. Like other types of insurance, getting the cheapest car insurance should not be the only priority for car owners. You'll need to think about how easy claims can be processed and how much actual coverage you're getting for the amount you pay.

    The best way to ascertain this is by relying on real user reviews by customers who have purchased car insurance before.

    Which Is The Best Car Insurance For You?

    There are a few major car insurance providers in Singapore. The more popular ones are:

    Recommended For

    Insurer

    Budget Conscious

    Family Oriented

    Young & Inexperienced Drivers

    Late 20s & Older

    Safe Drivers

    Highly Dependent On Car

    Peace Of Mind During Accidents

    Senior Drivers

    Lonpac Insurance

    (insures drivers up to 80 years old)

    For drivers with prior accident records
    (For drivers who've had multiple accidents)

    Types of Car Insurance Plans Available

    There are generally 3 types of insurance plans available for your vehicle:

    Type of car insurance plans

    Coverage

    Recommended for

    Third-Party Only (TPO)

    • Damage to other people's car or property
    • Death or bodily injury to others
    • The minimum legally required coverage to drive on the roads in Singapore
    • Most affordable plan, but with very little coverage
    • Recommended for drivers with rarely drive or have very old cars, with their COE expiring.

    Third-Party, Fire & Theft (TPFT)

    • Same coverage for third-parties as the TPO plan with added benefits
    • Provides coverage for your vehicle in the event of damages or loss as a result of fire and/or theft
    • Also an affordable plan
    • Suitable for older cars

    Comprehensive Coverage

    • On top of the coverage from the previous 2 plans, you get coverage for:
    • Damage to your insured vehicle whether or not it was your fault;
    • Damage to other vehicles; and
    • Personal Accident coverage - personal injury or death suffered by others arising through the use of your vehicle
    • Comprehensive car insurance coverage differs from company to company but generally, you will be covered in these circumstances
    • Best for all walks of life as it covers many aspects to give you peace of mind
    • Great for new drivers, families with young children, new car owners
    • Most expensive of all 3 tiers

    What is covered in your car insurance plans

    How Much Does Car Insurance Cost?

    The price of a car insurance plan starts from about S$600, other constituting factors include:

    • The type of plan you choose - the most basic, or the most comprehensive
    • Your insurance provider
    • Your driver profile
    • Additional Add-ons
    • No Claims Discounts you are applicable for

    The price of premiums differs according to your driver profile. The safer your profile is deemed, the lower your premium.

    How safe your driver profile is will be assessed based on a few criteria:

    Criteria

    Rationale

    Gender

    Some companies deem women safer driver than men

    Age

    • Young drivers and elder drivers tend to have more expensive premiums
    • Drivers aged between 30 - 65 are considered the ideal safe driver profile

    Driving Experience

    • The more driving experience you have, the safer you are deemed.
    • Drivers with less than 5 years of experience will be charged higher premiums and excess

    Marital Status

    Married individuals are seen as more responsible or safer drivers, and hence, can result in lower premiums

    Job / Occupation

    • Usually differentiated between indoor or outdoor jobs
    • Drivers with outdoor jobs are assumed to be more car-reliant and would be charged higher

    Make and model of Car

    • Continental cars, luxury cars and sports cars will have higher premiums
    • Vehicles with higher engine capacity will also be charged more

    Claims History

    • Your claims history shows how safe a driver you are
    • The fewer your claims, the cheaper the premium

    Car Usage

    Off-peak drivers can receive lower premiums as their time spent on the road reduces their probability of accidents

    Criteria contributing to the assessment of your driver profile

    What is NCD, and How Does NCD Work?

    The No Claims Discount (NCD) is an initiative to incentivise safe driving. NCD is rewarded by your insurance provider when you make no claims under your policy for a year or more with the current/existing insurer.

    The longer you maintain your claim-free record, the higher your NCD, the more discount you are eligible for.

    Your NCD entitles you to get a discount on your car insurance premium upon renewal. The NCD discount is as follows

    No Claim Discount rate for Private Cars:

    Duration with no claims

    Eligible Discount

    1 year, NCD 10

    10%

    2 consecutive years, NCD 20

    20%

    3 consecutive years, NCD 30

    30%

    4 consecutive years, NCD 40

    40%

    5 consecutive years or more, NCD 50

    50%

    Your NCD level and eligible discount goes according to the number of consecutive years you do not make any claims

    Will making a claim affect my NCD?

    This depends on whether you, the insured driver, were at fault.

    In cases where you are found to be at fault, your NCD will be reduced and the amount of NCD penalised can vary from insurer to insurer. But generally, this would be how most companies structure themselves:

    Current NCD

    NCD after 1 claim made

    NCD after 2 claims made

    50%, NCD50

    20%

    0%

    40%, NCD40

    10%

    0

    30% and below,
    NCD30 and below

    0

    0

    NCD Penalties

    As you can see, usually when you make an "at-fault" claim, your NCD usually drops by 30%. However, some insurance providers like AVIVA who only deducts your NCD by 10%, have lower NCD penalties.

    NCD Protector

    Almost all insurance providers will allow you to purchase an add-on known as an NCD Protector, which protects your NCD, usually has to be NCD30 and above, from reducing in the event of a single claim.

    What is Car Insurance Excess?

    Car Insurance excess refers to the amount you have to pay before your insurance provider forks out any money for you.

    It is a deductible on your part, that contributes to part of the claim. Your insurance provider will then cover the remaining amount (up to their stipulated limit). This excess helps lowers premiums, and reminds drivers to have a sense of accountability.

    If the cost of repair for your damaged vehicle is $1,000 and your excess to be paid is S$300, then your insurance provider will pay for the remaining S$700.

    The higher your excess, the lower your premium. While low premiums are incredibly attractive, you might want to be careful if you're paying a low premium because you might have to pay a larger excess in the event of an accident.

    Young and/or Inexperienced Driver Excess

    Younger and/or Inexperienced drivers are deemed to be riskier drivers.

    Hence, drivers classified as young, usually below the age of 25, or inexperienced, with less than 2-3 years of driving experience, will have to pay higher excess.

    Note that not all insurance providers define young and/or inexperienced the same way.

    Tips to Get the Cheapest Car Insurance

    Here's how you can stand to enjoy cheaper car insurance or get lower premiums:

    1. No Claim Discount
      Being a safe driver is rewarding! Use your NCD to help you achieve lower premiums.
    2. Offense-free Discount
      As a testament to your safe driving, the Singapore Traffic Police will issue safe drivers who have not had any bad records for the last 3 years, a Certificate of Merit. This entitles you to a discount on your car insurance. Additionally, this discount can be applied on top of your NCD.
    3. Off-peak Cars
      Car insurance plans usually offer lower premiums for cars that are less utilised.
    4. Choose plans that permit repairs at Authorised Workshops only
      Usually, policies that allow you to use your preferred workshops have higher premiums than those that restrict you to a few authorised workshops only. If you are not particular about going to your favoured workshop, perhaps consider the plan that only covers visits to authorised workshops, to save on your premium.

    How To Choose The Best Car Insurance For You

    Whether you currently own a car or are looking to get one, you'll definitely want to know how much is car insurance in Singapore, and which car insurance is better in Singapore!

    Besides our reviews, you can also read up on various articles with regard to the expenses you might incur when you own a car:

    How To Apply For Car Insurance?

    With almost everything available online, did you know that you can now get a car insurance quote online? Here are the details you will usually need in order to apply for car insurance in Singapore:

    • Vehicle make and model
    • Engine capacity of your car
    • The year your car was registered
    • Whether your car is under the Off-Peak Car Scheme
    • Gender
    • Marital status
    • Date of Birth
    • Other information: How many years have you been driving? Have you made a claim in the past? What is your No-claim Discount (NCD)? What is your coverage period?

    If you still have questions after reading real user reviews, feel free to ask our community of personal finance enthusiasts, experts, and experienced professionals on Seedly!

    Contact us at [email protected] should you require any assistance or spot any inaccuracies.