Good experience dealing with Ken from moneysmart on car insurance. Quick response on queries. Professional done. Will use moneysmart again in the future.
Insurance Made Simple, Transparent, and Affordable
From comparison tools to personalised advice from licensed financial experts, we can help you make confident decisions about your coverage.
What you should know about insurance
Insurance protects you and your loved ones from unexpected costs, whether it’s medical bills, accidents, or damage to your home or belongings.
It acts as a financial safety net so you’re not caught off-guard when life takes an unexpected turn.
But with so many policies, terms, and exclusions to compare, finding the right coverage can be overwhelming.
That’s where we come in and break down your options clearly and help you choose insurance that truly fits your needs.What type of insurance are you looking for?
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Helps cover medical bills, hospitalisation costs, and treatments so you can access care affordably.
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Ensure your loved ones are financially secure if the unexpected happens. Explore plans that provide income protection, lump-sum payouts, and long-term stability. Includes:
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Cover the everyday risks that affect your lifestyle, travel, home, and assets. Includes:
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Need health or life insurance? We can talk you through what you need
Our advisors aren’t here to push plans. They’re here to understand your life, answer your questions, and help you protect what matters most.
Meet our MDRT-qualified specialist and his team. |
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How does insurance work?
1
Apply
You start by applying for a policy and sharing key details such as your age, health, occupation, and lifestyle. These factors help the insurer understand your overall risk level.
2
Underwriting
Underwriters review your information, and in some cases medical reports, to assess your risk and determine whether to approve your application and under what conditions.
3
Issue Policy
Once approved, the insurer issues your policy—a legal contract that outlines your coverage, benefits, limits, exclusions, and the terms you must follow.
4
Premium Calculation
Your premiums are set based on your risk profile, the type of coverage you choose, and the amount of protection you need. Higher-risk profiles or broader coverage usually mean higher premiums.
5
Payment Options
You can typically choose to pay your premiums monthly, quarterly, semi-annually, or annually, using methods such as bank transfer, credit card, or GIRO.
6
Claims
If something covered by your policy happens, you can file a claim by submitting the required documents—often including medical reports, receipts, or incident statements
7
Receive Payout
Once the claim is approved, the insurer pays out the agreed benefit or reimburses your expenses based on your policy terms.
Explore our top picks for life insurance
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Why get your insurance through us?
Unbiased Guidance
Our MAS-verified partner will advise the most suitable package based on your needs.Secure & Hassle-Free
Your data is safe with us. We will never share or disclose your information without your permission.Wide Range of Insurance Options
Our diverse portfolio covers from medical to auto insurance such as health insurance, life insurance, term insurance, car insurance and many others. What customers are saying about MoneySmart
4.4 rating of 2061 reviews
Ashley is an excellent customer service staff at MoneySmart. When my car insurance was due to expire next month, I sent a request for quotations via MoneySmart’s WhatsApp. Within a few minutes, Ashley responded with three insurance quotations. I decided to proceed with HLAS for my car insurance renewal. However, I made some mistakes when filling in my car details. Ashley not only spotted the errors but also took the initiative to contact HLAS to correct the information, allowing me to resubmit my application smoothly. She even assisted me on 1 May, which was a public holiday and her rest day. This truly reflects her strong commitment to her work and her genuine care for customers.
It's the service that truly differentiate MoneySmart from other players. Really like to give my heartfelt thanks to Arvin Curia, who promptly and diligently follow up with me on my car insurance application for the entire process. Even though there were minor hiccups along the way, he took the effort to check what went wrong and assisted me to the end. Thank you Arvin!!
Buying my car insurance from MoneySmart's Arvin has to be my best decision I have ever made in my experience over the course of the past 2 to 3 weeks. Arvin has the best recommendations of insurance choices for my needs and his after sales service is really Top Notch! I will definitely come back and buy from Arvin again once my policy ends.
Used MoneySmart to get car insurance. Agent Arvin Curia assisted me with the options and recommendation. When I got the insurance there was a few hiccups. However, it got rectified by the Agent! Good efficient service by the Agent.
Great experience with Arvin for my car insurance. He is proactive and prompt. Will work with him again.
Deals here are amazing, may it be credit cards, travel insurance, or investment plans. Please continues to sync up with different partners to give us better deals.
Fast, responsive and quick replies!! Also helped to search for best option for motor insurance with savings!! Highly recommended
Went through moneysmart to source for motor insurance and was assisted by Mr Arvin. He was extremely professional, prompt, and tended to all my needs and queries even beyond office hours. A real gem to the company!
Would like to pay my compliments to Arvin, my assigned motor insurance agent whom was very patient and helpful in assisting me with choosing the best insurance vendor and package that best suits my needs. His after sales service was consistently prompt and wonderful as well. Kudos and thank you to his amazing professionalism and wonderful customer service!
Insurance beginner guides
Here are some guides to different types of Insurance for you to get started:
The MoneySmart Guide to Cheaper Car Insurance
Singapore Insurance Guide – All You Need to Know
Covid-19 Health Insurance – 9 Insurers with Free Coronavirus Coverage
HDB Fire Insurance vs Home Insurance
Critical Illness Insurance in Singapore - The Complete Guide
Best Personal Accident Insurance Policies
FAQ
Who should get insurance?
- Anyone who wants financial protection against unexpected events—especially working adults, parents, homeowners, and anyone with dependants or major financial commitments.
Why should I consult an experienced financial advisor?
- An experienced financial advisor helps you understand your needs, recommends suitable plans, and explains the fine print so you don’t overpay or end up under-insured.
How much does insurance cost in Singapore?
- Costs vary by age, health, coverage type, and insurer. Basic plans can start from a few dollars a month, while more comprehensive coverage costs more depending on your needs.
Speak to our advisors to get a rough amount based on your details. What is the best age to get insurance?
- The earlier, the better. Younger applicants generally enjoy lower premiums and fewer exclusions because they are seen as lower risk.
How much should I spend on insurance per year?
- A common guideline is 10–15% of your annual income, but the right amount depends on your lifestyle, dependants, and financial goals.
What is the most common insurance in Singapore?
- Health insurance is the most widely purchased, followed by life insurance and general plans such as travel and car insurance.
How can I compare insurance quotes online?
- You can use comparison platforms like MoneySmart to view plans side-by-side, check benefits, estimate premiums, and get personalised recommendations.
Better yet, speak to our award-winning financial advisors to get the best advice tailored to your needs.