Best Car Insurance Plans In Singapore (2022)

Finding The Best Car Insurance In Singapore

You might think purchasing car insurance is something you can forego. In some cases, you may even get frustrated when paying for a policy without getting something in return. Ironically, that is a blessing.

The importance of the best car insurance Singapore should be understood by everyone, especially new drivers who want to have a safety net for unfortunate events.

In Singapore, car insurance is required by law. When it comes to how many car insurance claims per year in Singapore, the answer will surprise you. From January to September 2020 to the same period in 2021, the number of accident-related fatalities increased by 11%, and injuries also increased by 15%. This makes having the best car insurance Singapore a must-have for millions of drivers.

When it comes to how much the best car insurance Singapore is, prepare to shell out S$700 to S$1,000 per year. However, this also depends on factors such as your driving experience, claims history, model of car, and many more. If you want to save on how much to pay for car insurance, take advantage of different promotions and deals.

Here at OMY Singapore, you will discover the following:

Best Car Insurance Singapore: Your Top Choices

Choosing the best car insurance Singapore can be overwhelming. To help you, we have narrowed down the ultimate plans to choose from in Singapore. Take a look at this table for a car insurance comparison Singapore:

Best Car Insurance Singapore
Provider Car Insurance Promotions Highlights
HL Assurance Car Protect360 Complimentary car servicing + 25% off (valid until further notice)
  • Up to S$20,000 Personal Accident Cover
  • Loss or damage to car benefit: Up to market value at the time of loss or damage
NTUC Car Insurance S$390 CapitaVouchers. Promo valid until 30 November 2022

Up to 69% discount if you qualify for 35% Mileage, 50% no-claim discount, and 5% loyalty discount.

  • Loss or damage to the vehicle due to accident, theft, or fire: Up to market value at the time of loss or damage
  • Damage to the third-party vehicle: up to S$5 million
  • Personal accident benefits: up to S$50,000
FWD Car Insurance Use code “CAR20” to get 20% off.
  • Replacement car (if the car is up to 1 year old)
  • Daily transportation allowance up to S$80 per day for up to 10 days
AVIVA Car Insurance 28% off for this car insurance with promo code “CAR28” valid until 14 July 2022

MINDEF & MHA or POGIS policyholders can get an extra 39% off

  • Replacement car (if a car is up to 1 year old)
  • Damage to third party’s property: up to S$5 million
AIG Car Insurance Up to S$350 worth of petrol vouchers. Promo valid until 31 July 2022.
  • Replacement car (for cars up to 3 years old that are damaged beyond repair)
Direct Asia Car Insurance Get up to $100 eCapitaVoucher with new car insurance.  Use code: “MYCAR100 (COMP)” or “MYCAR50 (TPO/TPFT)”. Promo valid until further notice.
  • Replacement car (for cars up to 3 years old)
  • S$50 per day compensation for loss of use (up to 10 days)
Singtel Car Insurance S$300 worth of petrol vouchers. Valid until further notice.
  • Damage to third party’s property: up to S$5 million
  • Personal accident benefit for driver: up to S$120,000
  • Personal accident benefit for passengers: up to S$50,000 each
MSIG Car Insurance Get up to 25% off car grooming services with every new car insurance purchased.
  • Replacement car (for cars up to 1-year-old)
  • Up to S$100,000 in personal accident benefits
  • Up to S$100,000 loan protection benefits
Allianz Motor Protect Insurance No existing promotion as of 14 July 2022. Check the website here for further details.
  • Damage to a third party (up to S$5 million per accident)
  • Legal representation and defence: S$3,000 per accident
  • “New for old” replacement car
  • Courtesy car
Etiqa  Car Insurance 20% off and up to S$200 cashback or 20% + 5% off every Friday (TEIF) weekly sale!
  • Legal Costs and expenses: up to S$2,000
  • Personal accident benefits: up to S$50,000

1. HL Assurance Car Protect360 Insurance

This best car insurance Singapore has a low premium and is geared towards drivers who want broad coverage and incentives from authorised workshops, while still letting them use a workshop of their own choosing.

HL Assurance Car Protect360 insurance is recommended for drivers who have been driving for a long time. Take a look at its benefits:

Key Features Details
High medical coverage Up to S$20,000 Personal Accident Cover
Daily transport allowance Provided if your repairs take more than 3 days
Promotions Complimentary car servicing + 25% off (valid until further notice)

To get a glimpse of the detailed coverage of this plan, check out this table below.

Coverage Amount covered
Loss or damage to your car Loss or damage by fire or theft

Loss or Damage by other insured causes including Act of God, fallen object, riot, strike, flood, etc

Up to market value at time of loss or damage
Car accessories: All audio, video and other standard equipment fitted into the car by the manufacturer or distributor at time the car was originally purchased Up to S$1,000
Windscreen cover Unlimited

Windscreen Excess of $100 unless Windscreen is repaired at HL Assurance Appointed Windscreen Repairer

Liability to third parties Damage to Third Party Property Up to S$5 million 
Death or injury to Third Party Unlimited
You/your passenger’s medical expense Medical Expenses Coverage for the Policyholder, Authorised Driver, and Passengers up to car legal seating capacity Up to S$1,000 each
Personal accident cover for injuries in the car Personal Accident benefits for the Policyholder, Authorised Driver, and Passengers Policyholder: Up to S$20,000 

Authorised Driver: Up to S$10,000 

Passengers: Up to S$10,000

Other car benefits  Daily transport allowance (up to ten days if repairs exceed three days) S$50 per day, total of S$1,000
Towing after Accident Up to S$500
Authority to repair (for minor repairs)  Up to S$300

The Limit is after application of Policy Excess

Authority to repair (for minor repairs) Available

2. NTUC Drivo Car Insurance

NTUC offers 3 different auto insurance plans to give drivers peace of mind. These plans range from flexible to comprehensive coverage that suits every type of vehicle.

Plan and coverage Drivo Classic Drivo Premium Drivo Prestige
Workshop Authorised workshops only Any Any

Among the best car insurance Singapore plan tiers mentioned above, the Drivo premium is the best choice especially for drivers who want to choose their preferred workshops for repair. The Drivo Prestige is also worth considering, but it is only meant for Porsche cars. Overall, the Drivo classic plan is a great choice for many drivers.

Here are some of the benefits you can get from the NTUC drivo classic plan and Premium plans:

Item Benefits
Loss or damage to vehicle due to accident, theft, or fire Up to market value at time of damage or loss
Damage to third party vehicle Up to S$5 million
Death/injury to third party Unlimited
Medical expenses Up to S$1,000
Personal accident benefits Up to S$50,000
Towing service Up to S$500
Windscreen cover unlimited
excess Policy excess: S$600 per claim

Windscreen excess: S$100 per claim

Unnamed driver excess: up to S$2,500

Optional benefits NCD Protector (applicable to policies with at least 30% NCD)

Daily transport allowance: S$50 (maximum 7 days)

Excess waiver (for policy excess only)

One highlight of this best car insurance Singapore includes having access to Orange Force, where a rider will arrive within 20 minutes upon reporting to provide advice,

record your statement, take photos, arrange for medical attention, ensure your safety, and assist you to move your vehicle.

When you get the NTUC Car insurance, you can enjoy up to S$390 CapitaVouchers. This promo is valid until 30 November 2022. You can also enjoy up to a 69% discount if you qualify for a 35% Mileage, 50% no-claim discount, and 5% loyalty discount.

Apply for this car insurance plan here.

3. FWD Car Insurance

With 98.7% of car insurance claims approved, FWD Car Insurance is a top option in the country. This insurance stands out from other plans thanks to unique features like the 50% lifetime NCD guarantee, as well as free 24-hour roadside assistance for both accidents and non-accidental breakdown.

With this motor insurance, you can choose from three different tiers. You’ll also have access to an FWD car insurance authorised workshop. Check out this table to learn more about it:

Classic Executive Prestige
Workshop Authorised Authorised Authorised
Replacement Car Yes (if car is up to 1 year old) Yes (if car is up to 1 year old) Yes (if car is up to 1 year old)
Young Driver Excess (below 27 years old) $2,500 $2,500 $2,500
24/7 Roadside Assistance Yes Yes Yes
Towing Cost $300 $400 $500
Taxi Reimbursement (after Accident) $40 per occupant $60 per occupant $80 per occupant
Daily Transport Allowance $40 for up to 6 days $60 for up to 8 days $80 for up to 10 days
Perks Use of courtesy car for 3 months Use of courtesy car for 3 months

If you want to choose your own workshop, you can purchase an optional benefit. Use the code “CAR20” to get 20% off. Take advantage of this car insurance promotion to get more value for your money.

Apply for an insurance quote here.

4. AVIVA Car Insurance

With this best car insurance Singapore plan from Singlife and AVIVA, you can protect your car and enjoy peace of mind even if you encounter problems.

This plan offers a lower NCD penalty, as well as quick 24/7 emergency assistance, and no additional excess for young and inexperienced drivers. Take a look at this table to see which of the three plans is right for you.

Lite Standard Prestige
Workshop Authorised Authorised

(Pay double excess for non-authorised workshops)

Dealer’s workshop for cars over 3 years old

If not, Authorised

Replacement Car Yes (for cars up to 1 year old) Yes (for cars up to 1 year old) Yes (for cars up to 2 year old)
Young & Inexperienced Driver Excess (less than 24 years old, or with licence less than 2 years old) $2,500 $2,500 $0
Medical Expenses

(For driver and passengers)

$500 $2,500 $5,000
Windscreen Excess Payment $100 $100 $0
Damage to third party’s property Up to $5 million Up to $5 million Up to $5 million
Perks Car crash detector

Auto eCall assistance

Get 28% off for this car insurance with promo code “CAR28” valid until 14 July 2022. Moreover, MINDEF & MHA or Aviva POGIS policyholders can get an extra 39% off

Apply for a quote here.

5. AIG Car Insurance

With 99.9% of claims approved and fast claim approval, the AIG Car Insurance is worth considering.

With this popular car insurance, you will get a free NCD Protector on your 50% no claim discount upon renewing your plan (only for AutoPlan and AutoPlus.) Moreover, you can also enjoy unlimited use of AIG’s courtesy car for AutoPlus while your car is still getting repaired, and access to an AIG authorised workshop.

This car insurance plan has three tiers which vary depending on your specific needs. Take a look at this table below to examine its coverage.

AutoValue AutoPlan AutoPlus
Workshop AIG authorised workshops Any Dealer or AIG authorised workshop for cars (less 3 years old)

If not, AIG authorised workshops

Replacement Car Yes (for cars up to 3 years old that are damaged beyond repair) Yes (for cars up to 3 years old that are damaged beyond repair)
Excess Waiver $1,000 for 50% NCD

$500 for <50% NCD

Perks Unlimited use of courtesy car

roadside assistance

24/7 towing after an accident Up to $500 per accident Up to $300 per accident Up to $300 per accident
Cover for car key if lost or stolen Up to $800 Up to $800 Up to $800
Windscreen replacement cover

(Excess of S$100 applies)

Unlimited Unlimited Unlimited

This plan has one of the best car insurance promotion Singapore choices. When you purchase any of these motor insurance plans, you can enjoy up to S$350 worth of petrol vouchers. Promo valid until 31 July 2022.

Read: Best Petrol Credit Cards in Singapore

Check out their quotes here.

6. Direct Asia Car Insurance

This company offers a number of insurance types so you can make the most out of your money. Through the Directasia comprehensive value plan, you can be financially protected if you need to handle the costs of repairs, and other vehicle-related problems. You’ll also have access to a direct asia authorised workshop. Take a look at how the Directasia comprehensive value plan can help you in this table below:

Comprehensive SOS
Workshop Any Authorised
Replacement Car Yes (for cars up to 3 years old)
Young & Inexperienced Driver Excess (less than 30 years old, or with licence  less than 2 years old) Not imposed but must be listed as Named Driver Not applicable
Medical Expenses Up to $3,000 Up to $3,000
Compensation for Loss of Use $50 per day (maximum of 10 days)
Other Perks 24/7 breakdown assistance Second chance for comprehensive coverage despite your history of accidents

The directasia comprehensive value plan and SOS plans are recommended for everyone. But if you just need basic coverage, the Third-Party only plan and Third Party Fire & Theft plan are two great options.

Get up to $100 eCapitaVoucher with new car insurance. Use code: “MYCAR100 (COMP)” or “MYCAR50 (TPO/TPFT)”. Promo valid until further notice.

Know more about this insurance here.

7. Singtel Car Insurance

Singtel Car Insurance has three different plan types to choose from. With any of these Singtel Car Insurance plans, you can enjoy tons of freebies and vouchers, as well as high coverage and medical expense reimbursement. Take a look at the table below to compare the different Singtel Car Insurance plans – (x means covered).

Value Plan Essential Plan Premium Plan
Damage to someone’s property (up to S$5 million) X X X
Towing due to accidents

(Up to S$300)

X X X
Personal accident benefits for driver (up to S$120,000) X X
Personal accident benefits for passengers (up to S$50,000 for each passenger) X X
Get repairs done at preferred workshop X

When you purchase any of these Singtel car insurance plans, you can enjoy guaranteed S$300 worth of petrol vouchers. Valid until further notice.

Find out your quote here.

8. MSIG Car Insurance

MSIG offers two popular car insurance plans if you want to enjoy comprehensive coverage against the risks that come with owning a car. This is one of the cheapest car insurance Singapore options you should consider.

Check out this table below to know more about MSIG car insurance plans.

MotorMax MotorMax Plus
Workshop Authorised Any
Replacement Car Yes (for cars up to 1 year old)
Personal Accident Benefits $20,000 (for Policyholder)

$10,000 each (for Authorised driver and/or passenger)

$100,000 (for Policyholder)

$50,000 each (for Authorised driver and/or passenger)

Young & Inexperienced Driver Excess (less than 27 years old, and those with licence less than 2 years old) $3,000 $3,000
Loan Protection Benefits Up to $100,000
Perks Transport allowance ($50 per day, maximum of 10 days)

Loan Protection Benefit of S$100,000

When you purchase this car insurance plan, enjoy up to 25% off car grooming services with every new car insurance purchased.

Apply for a quote here.

9. Allianz Motor Protect Insurance

With the Allianz Motor Protect, enjoy a lifetime warranty on repair, a complimentary courtesy car for days when your vehicle is being repaired, and a “new for old” replacement car if your car is less than 2 years old and damaged beyond repair. This best car insurance Singapore plan also covers 24/7 roadside assistance, and flexible excess. Take a look at this table below to examine the different plans side by side: (x means covered)

Third-Party Third Party, Fire, and Theft Comprehensive
Loss or damage to car by accident or theft X
Loss or damage to car by fire and theft X X
Taxi reimbursement

(up to S$100 per accident or car breakdown)

X
Towing costs (up to S$500 per accident or car breakdown) X
Authorised repair limit (up to S$350 per accident or car breakdown) X
Damage to third party (up to S$5 million per accident) X X X
Death or injury to third party X X X
Legal representation and defense (S$3,000 per accident) X X X
“New for old” replacement car X
Courtesy car (10 days) X
Daily transport allowance (S$50 per day, up to 10 days) X
24/7 roadside assistance X
Lifetime warranty on repairs (authorized workshops only) X
Unlimited windscreen cover X

10. Etiqa Car Insurance

The Etiqa Private Car Insurance has three tiers to choose from: comprehensive, third-party fire & theft, and third-party only. When you buy this popular car insurance plan, you can get free coverage for a child seat up to S$300 and enjoy conveniently located authorised workshops. You can also get an extra 5% discount for being demerit-free.

Take a look at this table to compare the different Etiqa plans side by side. (x means covered)

Comprehensive Third Party-Fire and Theft Third-Party Only
Accidental loss or damaged by fire X X
Loss or damage by theft X X
Accidental loss or damage by other insured causes X
Accidental loss or damage to accessories and spare parts

*By fire and/or theft only

X X
Towing to repairers or places of safety following an accident (up to S$200) X X
Death or bodily injury to other people and loss or damage to property of other people X X X
Your legal costs and expenses (up to S$2,000) X X X
Personal accident benefits for the insured (up to S$50,000) X
Medical expenses (up to $1,000) X
Windscreen cover (excess of S$100) X
Daily transport allowance for authorised workshops and repairs exceeding 3 days (S$50 per day up to max. Of 5 days) X
Excess for Named Driver Adjustable excess
Additional Excess for Unnamed Driver S$500
Additional Excess for Elderly, Young and Inexperienced Drivers S$2,000

This provider also offers an amazing car insurance promotion Singapore where you can enjoy 20% off and up to S$200 cashback or 20% + 5% off every Friday (TEIF) weekly sale!

Get your quote assessment here.

A Word From OMY

Car Insurance Singapore

Without question, the best car insurance Singapore is a must-have to protect your investment and yourself. As it is mandatory in Singapore, you may choose any of the basic plans listed above like the Drivo Classic. However, if you would like to have more peace of mind, you can invest in a more complete plan like the Directasia Comprehensive Value Plan.

Before making your decision, make sure to take a second look at the car insurance comparison Singapore table above to see which of the insurance plans best suit your needs.

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