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:
| Provider | Car Insurance Promotions | Highlights |
|---|---|---|
| HL Assurance Car Protect360 | Complimentary car servicing + 25% off (valid until further notice) |
|
| 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. |
|
| FWD Car Insurance | Use code “CAR20” to get 20% off. |
|
| 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 |
|
| AIG Car Insurance | Up to S$350 worth of petrol vouchers. Promo valid until 31 July 2022. |
|
| 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. |
|
| Singtel Car Insurance | S$300 worth of petrol vouchers. Valid until further notice. |
|
| MSIG Car Insurance | Get up to 25% off car grooming services with every new car insurance purchased. |
|
| Allianz Motor Protect Insurance | No existing promotion as of 14 July 2022. Check the website here for further details. |
|
| Etiqa Car Insurance | 20% off and up to S$200 cashback or 20% + 5% off every Friday (TEIF) weekly sale! |
|
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.
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.
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
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.
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.
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.
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.
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!
A Word From OMY
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.
