Compare Car Insurance Quotes Online With Us And Save Up To $620*

Searching for the best car insurance in Singapore can be a hassle.

At MoneySmart, we help you compare car insurance quotes online quickly and seamlessly from our comprehensive list of insurers.

MoneySmart Financial is a MAS Licensed General Insurance Broker partnering with a list of 10 different insurance partners.

Get the best
car insurance quotes in 3 easy steps!


Provide your details.

We'll ask you for some details (car, make, model, etc.) so we know exactly what you’re looking for.

Compare quotes.

We'll then show you the best car insurance quotes based on price and other great features.

Get covered!

Apply for the best car insurance policy that suits your needs. Click to buy or call our specialists if you need help with your choice.

The Best
Car Insurance
In Singapore 2019

No idea which insurers to choose to get the car insurance benefits you want? The cheapest isn't necessarily the best. Here’s some information to get you started.


What benefits are you looking for?

Cheap & Basic Coverage
Insurers you might want to consider
Roadside Assistance
Most Extensive Coverage
Customisable Car Insurance Plan
No-Claim Discount (NCD) Protector
Insurers you might want to consider

3 Pro Tips

Get the cheapest car insurance.

  1. Don’t auto-renew your car insurance.

    Over a third of drivers lose out on potential savings for not shopping around.

  2. Compare quotes.

    Our study* shows that MoneySmart’s customers save up to $620 on their annual premiums by comparing car insurance.

  3. Increase your excess.

    Pay a lower premium by increasing your excess (the amount you need to pay out of pocket before you claim).

Car Insurance 101

What you need to know.

If you own a car in Singapore, car insurance or motor insurance is compulsory but doesn’t come cheap.

Our free car insurance calculator will help you find the best and cheapest price on the market.

What does car insurance cover?

Loss or damage to your vehicle in events of accident, theft, fire, etc.

Financial liability caused by an injury/death of a third party or damage to property.

How is your annual premium calculated?

The insurer calculates your premium based on your profile.

Factors considered include (but are not limited to) your age, driving experience, type of car and your occupation.

Types of Car Insurance
Third Party Only (TPO)

Cheapest and most basic type that covers ONLY damage to other people or their property. Your own car is not covered.

Third Party, Fire & Theft (TPFT)

Slightly more expensive than TPO, but also covers loss, theft and fire damage to your car.


Expensive but most common car insurance type in Singapore, covers almost everything including your own car's repairs and replacement costs.

What People Are Saying About MoneySmart


Meet Our Team

We get you the best car insurance in Singapore.

With an average of 10 years’ experience in the insurance and customer service industry, rest assured that our friendly specialists will provide you with the best car insurance deal in the market.


Chris Lee

General Insurance Lead


Joseph Lam

General Insurance Specialist


Nurul Jahari

General Insurance Specialist


Huda Diah

General Insurance Specialist


Esmond Tay

General Insurance Specialist

Frequently Asked Questions

What is excess?
An excess is the amount you have to pay from your own pocket before the insurer pays you for the coverage you have. Choose a higher excess for cheaper premiums. But be warned that you will have to pay more upfront if you get into an accident.
What does "Any vs. Authorised Workshop" mean?
"Authorised workshops" are a list of workshops that your insurer has approved. You can get a cheaper rate if you don’t mind being restricted to authorised workshops only. "Any workshop" means you can go to any workshop of your choice, but this will mean a higher premium on your car insurance.
What’s the difference between named & unnamed drivers?
"Named drivers" means that you have explicitly and contractually stated on the insurance who you want to be covered. "Unnamed" just refers to drivers who are not on it. Adding named drivers will cost you more but you get more protection.
What is No-Claim Discount (NCD)?
For every year that you’ve driven and didn’t have to make a claim, you get a 10% discount on the following year’s premium. You can accumulate your No Claim Discount (NCD) up to a maximum of 50%, i.e. after 5 claim-free years.
How do I make a car insurance claim?
Different insurers have different processes on how to make a claim, however, in general, these are the steps:
  1. Don’t move your car unless absolutely necessary.
  2. Call your insurer’s hotline for assistance.
  3. Take photos of the accident.
  4. Get the other driver’s contact details.
  5. Get your car fixed at an authorized workshop.
What happens if I cancel my car insurance policy?
Insurers usually pocket 30% of the unused portion of your insurance, and refund you the other 70%. However, there are situations where the insurers have the right to drop you with no refund. Check the terms and conditions carefully to find out what happens if you cancel your policy.
Why choose MoneySmart financial for your car insurance?
More choice.
We’re comprehensive and convenient.
MoneySmart financial is partnered with 10 insurance providers in Singapore. But finding the best policy can be difficult and extremely tedious, especially with so many insurers out there.
We do the heavy lifting for you by finding the best quotes and making the application process as fuss-free as possible.

No paperwork.
We Help You Make it Happen.
Your car insurance journey doesn’t end after you buy your policy. MoneySmart financial will ensure that we follow you along that journey, especially when it comes to the most painful part of all - claims.
Our general insurance specialists will help ensure your claims are processed and help you to renew your policy every year. We help make it happen so that you can drive without worry.

Claims support.
We’re determined to find what’s best for you.
Every year when you have to renew your policy, we’ll help you get better service, coverage and help you save on your car insurance premiums.
Because we work with 12 of the biggest car insurance providers in Singapore, you can rest assured we’ll do our best to find you the best policy available.

MoneySmart's Participating Insurers


Disclaimer:* is an insurance comparison platform that helps you discover the best insurance quotes from multiple insurers according to your needs. MoneySmart Financial is a licensed Broker governed by the Monetary Authority of Singapore. We set out to carefully provide you assistance regarding any General Insurance related advice or purchase.