Best Car Insurance Plans in Singapore
Speak to our team of experienced Car Insurance specialists who will guide you through a simple step-by-step process to help you pick the most suitable plan for your car.
Meet our insurance specialists Drive with the right protection at the right price. Our specialists don't just push one-size-fits-all policies. We help you navigate the car insurance market to compare coverage, maximise your savings, and ensure your plan is tailored to your specific driving needs. Meet our qualified team specialising in car insurance. |
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How Does Car Insurance Work?
What is car insurance?
According to Singapore’s Road Traffic Act, even minor accidents from collisions, damage, theft, fire, or others can cost thousands in repairs and liability.
Compare car insurance from Singapore's major insurers (Great Eastern, UOI, MSIG, ECICS, and Singlife) using our MoneySmart comparison tool. Find comprehensive coverage or essential third-party plans that fit your budget. all vehicle owners in Singapore are legally required to have at least third-party car insurance coverage. With Singapore’s dense roads and high car ownership costs.
How much does car insurance cost?
The cost of car insurance varies widely and is calculated individually. Many drivers may see premiums starting around $700 to $1,000 per year, but actual costs can be lower or higher depending on risk profile and coverage level.
How are car insurance premiums calculated?
Factors determining car insurance premium:
- Age and gender
- Marital status
- Occupation
- Driving experience
- Claims history and No Claims Discount (NCD)
- Certificate of Merit (COM) discount
- Type of car, car model, age of car and car usage
Because insurers price risk differently, it’s wise to get multiple quotes rather than relying on a single number.
Types of Car Insurance Plans
Choosing the right car insurance in Singapore can feel like a maze, especially with so many providers and plan options on the market. Car insurance generally comes in three main types: Comprehensive, Third-Party Fire & Theft (TPFT), and Third-Party Only (TPO).
Comprehensive
Full protection for your car (including car repairs and replacements) and third parties (accidents, theft, fire, and more).TPO (Third-Party-Only)
Cheapest & most basic coverage; generally recommended for old cars with expiring COE.
Only covers damage to other people and their property.
TPFT (Third-Party, Fire & Theft)
Slightly upgraded version of TPO.
Legal minimum that covers damage to others only, not your own car.
Car Insurance Comparison: Coverage & Exclusions
However, not all insurers offer all three optional; many focus primarily on comprehensive plans.
| Provider | Plan name | Coverage type | NCD protection | Key features | Best for |
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| Great Eastern | GREAT EV Protect | Comprehensive only (EV-specific) | Optional add-on (≥40% NCD) | EV-focused benefits, battery-related considerations, roadside assistance | EV owners with established NCD |
| Great Eastern | Drive and Save Plus | Comprehensive only | Optional add-on (≥40% NCD) | 24/7 claims, roadside assistance | Drivers with high NCD seeking comprehensive coverage |
| UOI | UniCar Insurance | Comprehensive / TPFT / TPO | Add-on (tier-dependent) | Flexible coverage tiers with add-on options | Customisable plans |
| MSIG | MotorMax / MotorMax Plus | Comprehensive / TPFT / TPO | Optional add-on (≥30% NCD) | Authorised workshop repairs, add-on customisation, small repair benefits (MotorMax Plus) | Drivers preferring structured workshop networks |
| ECICS | Private car insurance | Comprehensive / TPFT / TPO | Complimentary (from 10% NCD) | Broad eligibility tiers, built-in NCD protection at low NCD levels | Newer drivers or lower-NCD holders |
| Singlife | Lite / Standard / Prestige | Comprehensive only | Optional add-on (≥30% NCD) | Digital claims and e-policy | Tech-savvy drivers |
| Tiq by Etiqa | Private Car Insurance | Comprehensive (Any / Authorised Workshop) | Optional add-on; extra 5% discount for NCD ≥30% with no demerit points |
Up to S$300 benefit + 24/7 towing in Singapore, West Malaysia & Thailand
Up to S$2,000 reimbursement for legal costs and expenses Adjustable unnamed driver excess: up to S$2,000 base; +S$1,000 per additional unnamed driver; +S$4,000 for elderly, young, or inexperienced driver |
Drivers wanting flexible workshop options with strong roadside and legal coverage |
❌ Common car insurance exclusions
Most car insurance policies in Singapore exclude the following coverage:
- Unauthorised or unlisted drivers
- Racing or illegal use
- Intoxicated driving
- Undeclared vehicle modifications
- Non-private use (such as taxi or private-hire vehicle operations)
Additional exclusions may apply depending on your specific insurer and plan.
Always review your policy document carefully or consult the insurer directly for clarification.
Explore Car Insurance Plans in Singapore
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Up to S$120,000
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Up to S$1,000
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Up to S$500 off
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Personal accident coverage
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Medical expenses for driver and passengers
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Repair excess waiver on 1st claim
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(Any / Authorised Workshop)
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Up to S$2,000
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Up to S$5,000
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Up to S$20,000
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Medical expenses coverage
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Accidental damage to private charging station
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Home protection against fire damage from EV charging station
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(Any Workshop)
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Up to S$20,000
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Up to S$300
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Unlimited
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Personal accident coverage
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Medical expenses coverage
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Death or injury to third party coverage
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Up to S$50,000
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Up to S$500
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S$750 or otherwise
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Personal accident coverage
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Medical expenses coverage
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Standard excess for each claim
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(TPO / TPFT / Comprehensive / Comprehensive Family + NCD Builder)
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Up to S$50,000
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Unlimited
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Up to S$300
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Personal accident coverage
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Death or injury to third party coverage
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Free coverage for child seat
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(Any / Authorised Workshop)
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How to Buy Car Insurance Online in Singapore: Step-by-Step Guide
Navigating the digital journey to secure your car (or motorcycle) insurance in Singapore is faster and simpler than ever. Here’s a practical MoneySmart guide to help you breeze through the entire online insurance process.
Step 1
Tell us what you need
Click on the “Get a Quote” button to fill up a quick questionnaire about your car insurance needs.
You may need to provide:
- NRIC/FIN
- Vehicle registration details
- Driving/insurance history (including NCD)
Step 2
Get in touch with our financial advisors
Once you’ve submitted the form, our MDRT(i)-qualified specialist and team will contact you within 3 working days.
Based on your form and driving profile, they’ll review the best car insurance coverage and premiums for your driving needs and budget.
Based on your form and driving profile, they’ll review the best car insurance coverage and premiums for your driving needs and budget.
Step 3
Compare your quotes
Request and review your car insurance quotes. At this stage, our advisors can walk you through:
- Coverage differences
- Premium breakdowns
- Key policy exclusions or conditions
Step 4
Customise your coverage
Enhance your policy with add-ons if needed, such as:
- Personal accident coverage
- Young or inexperienced driver coverage
- 24/7 roadside assistance
- Windscreen repair
For motorcyclists, optional add-ons may include:
- Helmet and riding gear protection
- Pillion rider coverage
Step 5
Confirm your car insurance purchase
Once you’ve chosen the right plan, prepare the required documents and lock in your car insurance plan!
Upon successful payment, your digital policy and certificate will be available almost instantly. Be sure to download and save them safely as official proof of insurance—especially for road tax renewal or roadside checks.
Upon successful payment, your digital policy and certificate will be available almost instantly. Be sure to download and save them safely as official proof of insurance—especially for road tax renewal or roadside checks.
Key Factors & Mistakes to Avoid For Car Insurance
Comparing car insurance in Singapore involves more than just looking for the lowest price. Here are 6 factors to guide your comparison, with local plan examples to illustrate.
| Factor | What to compare | Local example |
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| All-in cost: premiums & excess |
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UOI offers flexible excess options to balance lower premiums or lower out-of-pocket costs. |
| Policy coverage & major exclusions |
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AXA's comprehensive plans clearly outline coverage limits and exclude non-private use, helping you understand exactly what's protected. |
| No Claim Discount (NCD) protection & step-down rules |
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ECICS offers NCD protection add-ons to maintain your discount even after one claim. |
| Digital claims & service convenience |
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Liberty's mobile app allows paperless claims submission with real-time progress tracking, plus seamless online renewal and policy management. |
| Add-on customisation |
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All featured insurers offer add-ons to customise coverage for your specific needs. |
| Promotions eligibility & expiry |
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Check back our MoneySmart car insurance comparison page frequently for exclusive (monthly) premium rates and deals! |
Making Car Insurance Claims & Getting Roadside Assistance
If you’re ever involved in an accident, knowing how to navigate Singapore’s insurance claims process can make a stressful event much more manageable. Here’s a step-by-step guide, plus handy troubleshooting tips tailored for both car and motorcycle owners.
1. What to do immediately after an accident
- Ensure safety first: Move to a safe spot if possible and attend to any injured parties. For medical emergencies, call 995.
- Document everything: Take clear photos of the accident scene, all vehicles (including number plates), road conditions, and any visible injuries.
- Exchange details: Record the names, NRIC/FIN numbers, contact numbers, addresses, vehicle numbers, and insurers of everyone involved.
- Engage authorised help: Use only your insurer’s approved tow and repair services to avoid complications or denial of your claim.
2. Reporting the accident & claims process
It’s important to report the accident within 24 hours or by the next working day, regardless of severity. Singapore’s Motor Claims Framework (MCF) mandates this and skipping it could forfeit your NCD or lead to claim denial.
| For car owners | For motorcyclists |
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Submit your claim online or through your insurer’s 24/7 hotline:
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Not all car insurers cover motorcycles; check with specialists like ECICS. Use a specialist workshop if required by your policy, and ensure pillion/passenger documentation is clear if relevant. |
3. Avoiding claims delays
- Accident report with clear chronology of events
- Photographic evidence (scene, damage, vehicles)
- Police report (if there are injuries, hit-and-run, foreign vehicles, government property, pedestrians/cyclists)
- Driver's NRIC/FIN and driving licence
- Witness statements (if available)
- Repair quotation from an authorised workshop
4. Standard timeframes & what to expect
- Initial processing: Claims are usually reviewed within 7–14 working days, but the exact speed depends on the insurer and complexity (especially if third parties or injuries are involved).
- Assessment and repair: Send your vehicle to an approved workshop for inspection and repairs. Your insurer will update you on next steps and provide support through their hotline or digital portal.
5. No Claim Discount (NCD) impact
- For cars: Making a claim will usually reduce your NCD by up to 30%. With NCD Protector add-ons, your first at-fault claim each year may not affect your discount.
- For motorcycles: The NCD cap is typically lower (20–30%) and fewer policies offer NCD protection. Always clarify your NCD status during and after a claim.
Why Choose MoneySmart For Your Car Insurance?
More Choices
We're comprehensive and convenient.
We partner with 5 leading car insurers in Singapore, so you can get access to diverse plans and competitive quotes—all without the legwork. Our insurance specialists handle the research and paperwork, making comparison and application simple.
No Paperwork
We help you make it happen.
Your insurance journey continues after purchase. Our specialists will guide you through claims, renewals, and policy adjustments every step of the way.
We’re here to ensure your process is smooth, so you can focus on the road ahead (no pun intended).
Claims Support
We're determined to find what's best for you.
Renew your car insurance with confidence, knowing you have expert support.
Get in touch with our insurance specialists and we’ll help you secure better coverage, competitive rates, and meaningful savings each year.
Find Your Best Car Insurance Match With Us!
Not Ready to Talk Yet? Read More About Car Insurance Below.
FAQs About Car Insurance in Singapore
Which is the cheapest car insurance in Singapore?
Premiums depend on your age, driving experience, car model, and NCD level. Providers like UOI and Singlife often offer lower prices for safe drivers and those purchasing online. Better yet, compare car insurance quotes with MoneySmart’s team of licensed advisors to find the best price for your driving profile and budget.
How does NCD (No Claim Discount) work, and what happens after a claim?
- For cars, you earn a 10% NCD increase per claim-free year, up to 50%. Motorcycle NCDs typically max out at 20–30%.
One at-fault claim can reduce your NCD by around 30% unless you have an NCD Protector add-on, which shields your first claim in a policy year. Always clarify your protection level before renewing or claiming. Can I transfer my NCD?
- Yes, you can transfer your NCD when switching insurers or to a new car in your name. But, you cannot transfer NCD to another person, and car and motorcycle NCDs are tracked separately.
What are the best car insurance deals for new drivers or families?
- UOI and Singlife often have online discounts and flexible excess, great for new drivers. Great Eastern and MSIG offer family-friendly features like enhanced coverage options.
Eligibility varies by plan, with some restricting drivers under 21 years old or with less than 2 years' experience. What is excess, and how do I choose the right amount?
- Excess is the amount you pay out of pocket before your insurer covers the rest. Most providers quote a default of $500–$600.
- Higher excess = lower premium (but more to pay if you claim)
- Lower excess = higher premium (but less out-of-pocket if needed)
What is the difference between named and unnamed drivers?
- Named drivers: Individuals explicitly listed on your policy (yourself, spouse, regular users) with full cover.
- Unnamed drivers: Can drive your car but receive significantly reduced cover or may have claims denied.
Which insurers cover electric vehicles (EVs) or motorcycles?
- Most major insurers now cover EVs under standard car insurance. ECICS is one of the few that specialises in motorcycle insurance with competitive NCD protection.
How do I claim after an accident?
- Report the accident to your insurer within 24 hours. Use authorised workshops for repairs and have these ready: accident report, photos, NRIC, driver’s licence, and (if needed) police report. For the complete claims process guide and insurer hotlines, see the "Claims, Roadside Assistance & Support" section above.
What's the difference between authorised workshops and any workshop?
- Authorised workshops are pre-approved by your insurer, typically offering lower rates and smoother claims processing. Choosing "any workshop" gives you freedom to go where you prefer (useful if your car is under warranty) but costs more in premiums. Check your insurer's workshop list to ensure convenient options near you.
What are typical exclusions in Singapore car insurance policies?
- Most policies exclude: unlisted or unauthorised drivers, illegal or racing use, intoxicated driving, and undeclared modifications. Always check your policy’s exclusions before buying.
How do I renew my car insurance?
- Review your existing policy, get fresh quotes, ensure your NCD is correct, and renew before it expires. You can renew online with instant payment and e-policy from most providers.