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It is compulsory to have your car insured in Singapore. Why not make the most of it by looking for the best car insurance plan in town when your policy is up for renewal?
While it can be tempting to merely renew your existing car policy plan and get that job out of the way, you might be missing out on a better distribute out there. For a start, you might get a a lot cheaper car policy premium with another insurance company. ( You ’ ll need to get a quotation on-line, because insurance premiums depend on the driver ’ south profile, car induce and model. )
These days, many car indemnity plans come with bang-up features that cater to different needs, be it personal wayside aid, youthful driver coverage, or a long list of conveniently-located workshops. Don ’ metric ton miss out on those, either.
here are the best cable car policy plans in Singapore so you can see how your current plan stacks up. For easy comparison, we ’ ll be covering each insurance company ’ s comprehensive plans only .
You can besides find the following information in this article :
What to look out for when buying car insurance
#1 Car insurance type
The beginning thing to look out for would be the car indemnity coverage character. There are broadly three types of car insurance plans :
- Third Party Only: The most basic car insurance plan, this covers injury or death to a third party, plus damage to others’ property. This does not cover the damage to your own vehicle.
- Third Party Fire and Theft: On top of what Third Party car insurance offers, this also covers fire damage or theft of your vehicle. Again, this does not cover the cost of other damages to your own vehicle.
- Comprehensive: Includes what Third Party Fire and Theft covers, plus coverage for the repairs or replacement required for accidental damages to your vehicle. It can also include personal accident and medical expense coverage.
Third Party Only is the bare minimum you ’ ll have to get for your cable car. If you ’ ra looking for more complete coverage, you should rather opt for a comprehensive plan that covers for the damages to your vehicle in the event of an accident .
#2 How much excess you’re willing to pay
The excess refers to the maximal amount you can expect to pay out of your own pocket in the event of a claim. however, this surfeit is only paid during instances when you ’ re at blame. For example, if your policy excess is S $ 500 and your claim is for S $ 2,000, you ’ ll entirely have to pay S $ 500 while your insurance caller forks out the remaining S $ 1,500 .
How much you ’ rhenium will to fork out in policy excess in the consequence of an accident will affect the car indemnity plan you settle on .
In cosmopolitan, the higher the overindulgence, the lower the premiums and vice versa. This is because you take on greater ‘ cost ’ by paying a higher excess should an accident happen and consequently will be rewarded with lower premiums. This is one way to lower your indemnity premiums .
#3 Authorised workshop only, or any workshop of your choice
Most cable car indemnity plans encourage you to have your repairs done at one of many empower workshops approved by the insurance company. This assures both you and your insurance company of the quality and price of repairs .
however, if you have a choose workshop, or if you ’ d like the tractability to have your cable car repaired at any workshop, you ’ ll have to opt for a plan that provides such an option. typically, car indemnity plans that allow repairs at any workshop will come with higher premiums .
Secondary factors to consider when choosing a car insurance plan:
- Additional driver: Will there be someone else driving the vehicle? If so, you should add a ‘named driver’ or ‘additional driver’ to the policy who will also be insured to drive the car. The ‘named/additional’ driver will usually have the same amount of coverage as the main driver and will come with additional cost.
- Roadside assistance: Would it give you peace of mind to have access to roadside assistance at any time of the day should you get into an accident? If the answer is yes, look to see if the car insurance plan offers 24/7 roadside assistance. This could come in handy especially for newer drivers who are unsure of the procedures in the event of an accident.
- No Claims Discount (NCD): How much is your NCD? NCD gives you a discount off your car insurance premiums and is determined by how many claims you make (or don’t make) over the past year. If your NCD is between 30% to 50% you could consider adding on riders such as an NCD protector to shield your NCD in the event of a claim.
- Daily transport allowance: This is an allowance you’ll receive from the insurer for each day that your vehicle is being repaired. This allowance is subject to the insurer’s terms and conditions and could be capped.
- Overseas coverage: If you require overseas coverage, for example if you frequently drive in and out of Malaysia, you’ll need a car insurance plan that offers such coverage. Do take note that most insurers have pretty standard geographical areas that they provide coverage for – mainly West Malaysia and Southern Thailand.
last, if you ’ re a young driver, do expect that your premiums and excess will be higher because of your miss of driving experience .
SingSaver Promotion : Be the first gear to try out our newly launched car insurance comparison platform, and get quotes tailored for you and your cable car ’ randomness needs. Compare now !
Best car insurance plans in Singapore (2022)
|Provider||Best for||Best features||Indicative cost per year*|
|MSIG||Low price||– Reputable brand with 30+ authorised workshops
– Offers car loan protection of S$100,000 in the event of death (for MotorMax Plus policy only)
– 24-hour roadside assistance for towing, lockout or minor roadside repairs assistance
– Replacement of a new vehicle if your vehicle becomes irreparable after an accident
|Allianz||Value for money||-Damage to third party property, death or injury to third party and legal representation and defense coverage for all plans
-Lifetime warranty on repairs
-Complimentary courtesy car when your car is being repaired
-Replacement car if your car is less than two years old and damaged beyond repair
-24/7 complimentary roadside assistance
|Etiqa||Young drivers and demerit-free drivers||– Easy to buy and claim (claims can be paid out in 30 minutes)
– S$50/day allowance if your car is stuck in workshop
– Adjustable excess for better pricing
– Low age limit (24) for young & inexperienced driver- 5% additional discount if you have been demerit-free in the past 3 years
– Free child seat coverage of up to S$300
– Affordable premiums thanks to ongoing promos
|Singlife with Aviva||Promotional rates and young drivers||– Low age limit (24) for young & inexperienced driver
– 30+ workshops, including brand authorised workshops
– 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)
– Great promo rates for NSmen & civil servants
– (for Prestige) eCall assistance service that automatically alerts the emergency team to provide you with professional help
– (for Prestige) No additional excess for young and inexperienced driver
|FWD||Getting 50% NCD for life and overseas coverage||– It’s a breeze to purchase your plan online
– Good value for money, has lifetime 50% NCD guarantee
– No need to name all drivers. Anyone you trust to drive your car is insured (not applicable for Classic Plan unless a rider is added)
– Courtesy car provided up to three months if your car is written off or permanently lost
– Receive up to S$80 daily transport allowance (for up to 10 days) when your car is being repaired
|NTUC Income – Drivo||Emergency assistance team and free NCD protector||– Reputable brand with excellent roadside assistance, with Orange Force riders arriving at accident scenes to provide help anytime and anywhere
– 24/7 referral services for road and medical assistance in West Malaysia
– S$50/day transport allowance from the first day of repair, up to a maximum of seven days
– 30+ authorised workshops islandwide
– Free NCD protector granted automatically upon your next renewal if you have been enjoying 50% NCD in the last two years with Income
|HLAS – Car Protect360||Choosing your own car workshop||– Flexibility to choose between going to your choice of car workshop or HLAS’ quality workshops that come with reduced excess and premiums
– 24/7 hours roadside assistance in the event your car breakdown
– 25% discount plus a choice of free car servicing, air-con treatment or paint protection
|NTUC Income – Drivo||Electric vehicles||– Covers 11 different EV makes, including Tesla, BYD, Nissan, Audi, BMW, Honda, Hyundai, KIA, MG, Mini and Renault||Not applicable|
*Indicative annual bounty for a 35-year-old married male driver with clean driving phonograph record, five years of driving experience and 50 % NCD, driving a Mazda 3 1.6 ( A ) registered in 2018. Prices quoted are before the discounts offered by the providers .
MSIG Car Insurance — MotorMax: Best for the budget-conscious
Why it’s good: MSIG is one of the longer-standing indemnity companies in Singapore for car policy, and it has a well-built-up network of over 30 authorized workshops. More conservative, brand-conscious drivers would want to consider this supplier .
apart from a solid reputation, we besides like that MSIG offers a cable car loanword protection profit. If the car owner passes away, MSIG will pay off the loanword so that the surviving class does not have to worry about the debt. Given that cars are so expensive in Singapore, this feature is decidedly nice to have .
What plans are available: MSIG has two comprehensive car indemnity plans : MotorMax and MotorMax Plus .
The main difference between them is workshop policy. For those who drive an older car that ’ s not under guarantee, the cheaper MotorMax plan should be sufficient as there are over 30 authorize workshops islandwide .
You would need to opt for the more expensive MotorMax Plus to get benefits like loanword protection, transport allowance and substitution car .
Available promotions: Receive up to S$50 via PayNow and astir to S$150 in e-vouchers when you purchase an MSIG car insurance policy through SingSaver ( for fresh MSIG Car policy customers lone ). Valid till 28 Feb 2022. T & Cs lend oneself .
For all purchases made during 24 Jan to 28 Feb 2022, stand a gamble to participate in the CNY Festive Campaign by MSIG. T & Cs give .
Annual premium: From S $ 825.24 ( based on driver profile and car above )
Allianz Motor Protect: Best for great value
Why it’s good: Cheap premiums doesn ’ thymine always mean less coverage. not only does Allianz Motor Protect offer a life guarantee on repairs to make certain the compensate works done to your cable car international relations and security network ’ thyroxine haphazard, but they besides offer a complimentary courtesy car for every sidereal day your car is at the workshop undergoing repairs, up to 10 days per accident or breakdown. Though these benefits are lone single to their comprehensive design .
If you want less coverage, you can opt for the third base party only design or third party, fire and larceny alone plan. They offer coverage of up to S $ 5,000,000 for damage to third-party property, inexhaustible coverage for end or injury to third party, legal theatrical performance and defense coverage of up to S $ 3,000 .
There ’ mho even an NCD defender that ’ second available across all three plans if you want as an optional cover at an extra premium, for drivers with an NCD of 30 % and above .
What plans are available: Third party only, Third party, fire and larceny only, comprehensive
Use promo code P20 to get a 20% discount. Valid till 31 March 2022. T & Cs practice .
Annual premiums: From S $ 854.17 ( based on driver profile and car above )
Etiqa (Tiq) Car Insurance: Best for young drivers
Why it’s good: Etiqa ( besides known as Tiq ) prides itself as a digital insurance company, so you can expect a quick and painless buy experience. They ’ ve even minimised the harass around claims. Just submit your repair claim of up to S $ 5,000 on-line ( only applicable for ‘ own price ’ claims ), and Etiqa can verify and pay it out in american samoa little as 30 minutes .
Depending on how much you ’ re will to fork out in excess, Etiqa besides offers adjustable excess for the named driver, in regulate for you to enjoy better price .
Like Singlife with Aviva, Etiqa ’ s brink for ‘ young and inexperienced driver ’ is 24 years old, which is good news for drivers in their 20s .
What plans are available: Etiqa has barely the one comprehensive car insurance plan. It comes with the standard accident, personal accident and liability coverage, but does not include the nice-to-haves such as a courtesy car or dedicated emergency aid staff. There is, however, a thoughtful S $ 50 casual payout if your car gets stuck in the workshop, up to a utmost of five days .
By nonpayment, you ’ ll motivation to send your car to one of the 20+ Etiqa authorised workshops. You can purchase an accessory to get your car repaired at the workshop of your choice, but this might mean your claims take longer to process equally well .
All these add up to a value-for-money, but basic, car indemnity plan that ’ mho more suit to older cars ( nobelium long under guarantee ) and have drivers ( who know what to do in an accident ) .
There are no promotions running mighty now .
Annual premium: From S $ 1,161.34 ( based on driver visibility and car above )
Read our entire inspection of the Etiqa Car Insurance plan here .
Singlife with Aviva Car Insurance: Best for promotional rates
Why it’s good: Car insurance providers do insure ‘ young and inexperienced drivers ’, but impose a much higher surfeit ( amount you pay out of pocket for repairs ) if they are involved in an accident. This might be off-putting for unseasoned drivers and newbies who good got their licenses .
We mention this because Singlife with Aviva is one of the more forgive insurers when it comes to young driver coverage. While other insurers define this bad group as anyone up to old age 27, Singlife with Aviva ’ s cut-off age is 24 years previous. ( Although eminence that if you ’ ve had your license for less than two years, you ’ ll still be subject to the high gear excess. )
What plans are available: Singlife with Aviva offers three plans : Lite, Standard and Prestige. The cheapest light design looks substantial adequate for most drivers, as it allows repairs in over 30 workshops islandwide, including some workshops that are authorised by car brands/distributors .
In the event that you do get in an accident and make a claim, most insurers will reduce your NCD by 30 %. Singlife with Aviva cuts it by 10 % for the Standard plan onwards. so if you are concerned about preserving your No Claim Discount, you can pay a piece more for Standard .
Prestige is the most expensive plan, but it comes with a release for the unseasoned and inexperienced driver surfeit. It besides includes Singlife with Aviva ’ s complimentary service – eCall, a driver ’ sulfur companion ( device ) that mechanically gets help fast from the emergency team when an accident occur .
Get 23% off premiums when you use promo code CAR23. Valid for new businesses lone and till 28 Feb 2022. T & Cs put on .
You can besides lock in your premium for two years, and/or opt to pay for your car indemnity in instalments with a UOB or DBS/POSB accredit poster .
Annual premium: From S $ 1,004.67 ( based on driver visibility and car above )
FWD Car Insurance: Best for NCD
Why it’s good: As a in full digital insurance company, FWD puts a distribute of feat in being highly user-friendly. You can get a quote and purchase your car policy design on their web site in equitable minutes.
FWD is besides the only insurance company to offer 50 % NCD for life, rewarding all drivers for safe drive. once your No Claim Discount hits 50 % — you can retain your 50 % deduction vitamin a long as you renew with FWD .
Customers like that FWD cable car policy is relatively elastic. Unlike other insurers where you need to name extra drivers to avoid paying a higher surfeit, FWD ’ sulfur coverage extends to anyone you trust to drive your car. ( That said, the standard S $ 2,500 overindulgence for price done by a young driver under 27 still applies, or you can choose to lower the excess by paying more. ) FWD besides provides oversea coverage, more specifically, if you ’ rhenium repel in West Malaysia and parts of Thailand .
What plans are available: FWD offers three cable car insurance plans : Classic ( cheapest ), Executive and Prestige ( most expensive ). They cover approximately the like things, but to different claim limits. so unless your car is very expensive, a classical design should be sufficient for most singaporean drivers .
All of FWD ’ sulfur cable car insurance plans come with 24/7 wayside aid service, aesculapian expenses coverage in lawsuit of a car accident and all the other nice-to-haves, so you can rest assured knowing the coverage is adequate .
note that FWD plans allow lone repairs at the 10+ FWD authorised workshops. If you want the ‘ any workshop ’ option, you ’ ll have to select it as a paid accessory .
FWD besides offers a ‘ life NCD guarantee ’ once your No Claim Discount hits 50 % — you can retain your 50 % discount rate a long as you renew with FWD .
Classic plan: Use promo code CAR25 to get a 25% discount. Valid till 18 Feb 2022. T & Cs put on .
Executive & Prestige plan: Use promo code CAR25 to get a 25% discount. Valid till 18 Feb 2022. T & Cs apply .
You can opt to pay for your car insurance in instalments with a DBS/POSB Mastercard or Visa Credit Card .
Annual premium: From S $ 918.68 ( based on driver profile and car above )
NTUC Income Car Insurance — Drivo: Best for emergency assistance
Why it’s good: NTUC Income is one of the most popular car insurance providers in Singapore for good reason. It ’ south long-familiar for its hand brake aid team, Orange Force, who will come to the accident scenery to arrange for medical help, vehicle removal, and help you sort out the insurance claim .
This is a major sell compass point for drivers who have no idea where to begin when getting into an accident. We recommend NTUC Income to drivers who would appreciate this kind of help, particularly at a time when you might be fretting over the accident .
NTUC Income Drivo besides offers personal accident benefits of up to S $ 50,000 and checkup expenses coverage of up to S $ 1,000 .
finally, you ’ ll mechanically be granted a unblock NCD defender upon your next reclamation if you have been enjoying 50 % NCD with NTUC Income for the last two straight years .
What plans are available: For comprehensive car indemnity, choose between NTUC Income Drivo Classic and Premium plans .
The main deviation between them is workshop policy. The cheaper Drivo Classic design restricts you to ( close to 50 ) NTUC Income approved workshops islandwide, while agio allows you to visit any workshop. Opt for the latter if you drive a car that ’ south still under guarantee, and can only go to the dealer ’ mho workshop .
Annual premium: From S $ 1,004.13 ( based on driver profile and cable car above )
Read our full review of the NTUC Income Drivo Car Insurance plan here .
HLAS Car Insurance — Car Protect360: Best for car workshop choices
Why it’s good: HLAS Car Protect360 gives you the flexibility to send your car to your choice of cable car workshop or one of HLAS ’ 20+ quality workshops. Getting your repairs done at a HLAS approved workshop will come with deoxidize excess and premiums, ampere well as the assurance that genuine manufacturers ’ parts are used, coming with a full nine-month repair guarantee .
HLAS car indemnity includes a daily transportation allowance of S $ 50 per day, up to a limit of S $ 1,000 if your cable car repairs take three days or more. They besides provide 24/7 hours wayside aid in the event your cable car breaks down .
HLAS offers aesculapian coverage for the driver, with up to S $ 20,000 in personal accident cover and checkup expenses cover of up to S $ 1,000 in the event of an accident. Passengers or an authoritative driver can receive up to S $ 10,000 for personal accident benefits .
What plans are available: There ’ mho only a single type of cable car insurance plan available on HLAS — Car Protect360. This makes choice and comparison easy for person looking for a HLAS car indemnity design .
Annual premium: From S $ 1,336.15 ( based on driver profile and car above )
Special mention for electric vehicles: NTUC Income – Drivo
Why it’s good: You ’ ll gain that not all car insurance plans cover electric vehicles. With NTUC Income, you can choose from eleven different EV makes, including the likes of Tesla and BYD. You ’ ll then be required to choose between an annual rate or a pay-per-kilometre .
NTUC offers use based indemnity ( UBI ) for owners of EVs. You can choose from three different EV UBI plans, paying only based on how much ( or how small ) you drive as your insurance premiums are pegged to the mileage on your EV .
Their handy microsite besides helps you to find the nearest electric vehicle charging station when you enter your postal code .
What plans are available: Car insurance with an annual premium rate, or premiums subject on your custom .
Available promotions: not applicable .
Annual premium: Unlike the instantaneous quotes you can get for your traditional fuel-consuming car, you ’ ll have to wait three working days for the quote to be sent to your electronic mail .
Compare car insurance before renewing
We ’ ve shortlisted the five best car policy plans for 2022, but this is by no means a static number. Insurers do change their premiums, policies and offerings all the time, so seduce sure you shop around when it ’ mho time to renew your car insurance design .
It does take some time to understand the options and get quotations online, so don ’ triiodothyronine leave it all to the last minute. Set yourself a admonisher to research the options before it ’ mho clock time to renew your policy !
Get all the help you need ( including car indemnity renewal ) by contacting the SingSaver insurance brokerage team at insurance_enquiry @ singsaver.com.sg or by call at 31382648 for more data .
SingSaver Promotion : Be the first to try out our newly launched car insurance comparison platform, and get quotes tailored for you and your cable car ’ second needs. Compare now !
Tips to get the best car insurance price
To secure the lowest price possible for your car insurance plan, here are some tips for you :
- Compare car insurance premiums by getting free quotes online (don’t just settle for the first plan you land on!)
- Drive safe to avoid accidents and bump up your No Claims Discount (NCD)
- Opt for lower coverage on older cars as the premium prices could be higher than your car’s market value
- Maintain a good credit score
- Increase the excess
- Opt for pay-per-kilometre insurance
- Be on the lookout for discounts
Common FAQs related to car insurance
What does car insurance cover?
car policy can help protect you against any fiscal damages and losses that arise from a motor accident, such as the cost of repairing your fomite and for towing services. It can besides provide you and your passengers with coverage for medical expenses, end, and lost or damaged belongings .
car indemnity besides covers accidental damage caused to the place of a third party. last, you can besides enjoy fringe benefits such as 24/7 hand brake aid and daily transport allowance while your car is in the workshop for rectify .
Why do you need car insurance?
car indemnity is compulsory in order for you to drive a centrifugal fomite in Singapore. Driving without cable car indemnity could lead to a fine of up to S $ 1,000 and/or a jail term of up to three months. You could besides be disqualified for holding or obtaining a drive license for a period of 12 months. legal implications digression, car policy is besides authoritative to help protect you, your sleep together ones angstrom well as third-parties from the fiscal repercussions of a drive accident .
How to compare car insurance?
To compare car insurance, you should inaugural check the policy coverage details. Some significant sections you should look out for include coverage for vehicle damage, medical expenses, personal accident coverage and liability to third base parties .
cost should besides be a circumstance, specially if you are tight on finances. Besides comparing the car policy policies listed in this article, you can besides get an instantaneous quote on-line from different car indemnity companies, with no strings attached .
How do I make a claim from my car insurance?
- Take pictures of the accident, including the damages to your vehicle and the other vehicles involved
- Do not move the vehicle if possible
- Get all the details and contact information of the parties involved
- Submit and file your claim within 24 hours of the accident
- Provide all evidence available to the insurance company
- Get your car repaired at a car workshop — this could be an authorised workshop, or any workshop, depending on your policy details
What happens to my car insurance if I sell my car?
If you decide to sell your cable car and plan on getting a new car, you can choose to cancel the current car insurance policy and receive a prorated refund while you get a new policy to cover your newfangled car. however, if you ’ re not planning on getting another car, contact your insurance company to have them cancel it .
What is excess in car insurance?
car indemnity excess is the come you have to pay out of your own scoop when you make a claim, but excess is only paid for your losses or during instances when you ’ re at fault. For exemplar, if your policy excess is S $ 500 and your claim is S $ 2,000, you ’ ll only have to pay S $ 500 while your policy company forks out the remaining S $ 1,500 .
What is NCD in car insurance?
NCD stands for no claims discount, which is the percentage deduction that your insurance company takes off your car insurance premiums to reward you if you ’ ve not made any car indemnity claims the previous year. This can range from 10 % to 50 % depending on the number of claims you make over the years .
You can even get an NCD defender to protect your NCD .
SingSaver Promotion : Be the inaugural to try out our newly launched car insurance comparison platform, and get quotes tailored for you and your car ’ sulfur needs. Compare now !
Protected up to specified limits by SDIC.
notice : This is only product information provided. You may wish to seek advice from a qualified adviser before buying the merchandise. If you choose not to seek advice from a qualified adviser, you should consider whether the product is desirable for you. Buying an insurance product that is not desirable for you may impact your ability to finance your future healthcare needs .
If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurance company may recover from you any expense incurred by the insurance company in underwriting the policy .
Read these next:
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Car indemnity : What You Need To Know And How These 5 Factors Determine Your Car Insurance Premium
5 Things to Consider Before Buying Car policy in Singapore