7 Best Car Insurance Plans in Singapore (September 2021)

7 Best Car Insurance Plans in Singapore (September 2021)

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best car insurance Singapore 2020

Every spending situation is unique. SingSaver assembles the ‘Best For‘ list, so you can decide what’s best for you.


It is compulsory to have your car insured in Singapore. Why not make the most of it by looking for the best car insurance plan in town when your policy is up for renewal?

While it can be tempting to simply renew your existing car insurance plan and get that chore out of the way, you might be missing out on a better deal out there. For a start, you might get a much cheaper car insurance premium with another insurer. (You’ll need to get a quotation online, because insurance premiums depend on the driver’s profile, car make and model.)

These days, many car insurance plans come with great features that cater to different needs, be it personal roadside assistance, young driver coverage, or a long list of conveniently-located workshops. Don’t miss out on those, either.

Here are the best car insurance plans in Singapore so you can see how your current plan stacks up. For easy comparison, we’ll be covering each insurer’s comprehensive plans only.

You can also find the following information in this article: 

What to look out for when buying car insurance

#1 Car insurance type

The first thing to look out for would be the car insurance coverage type. There are generally three types of car insurance plans:

  • Third Party Only: The most basic car insurance plan, this covers injury or death to a third party, plus damage to others’ property. This does not cover the damage to your own vehicle. 
  • Third Party Fire and Theft: On top of what Third Party car insurance offers, this also covers fire damage or theft of your vehicle. Again, this does not cover the cost of other damages to your own vehicle.
  • Comprehensive: Includes what Third Party Fire and Theft covers, plus coverage for the repairs or replacement required for accidental damages to your vehicle. It can also include personal accident and medical expense coverage. 

Third Party Only is the bare minimum you’ll have to get for your car. If you’re looking for more complete coverage, you should instead opt for a comprehensive plan that covers for the damages to your vehicle in the event of an accident. 

#2 How much excess you’re willing to pay 

The excess refers to the maximum amount you can expect to pay out of your own pocket in the event of a claim. However, this excess is only paid during instances when you’re at fault. For example, if your policy excess is S$500 and your claim is for S$2,000, you’ll only have to pay S$500 while your insurance company forks out the remaining S$1,500.

How much you’re willing to fork out in policy excess in the event of an accident will affect the car insurance plan you settle on. 

In general, the higher the excess, the lower the premiums and vice versa. This is because you take on greater ‘cost’ by paying a higher excess should an accident occur and therefore will be rewarded with lower premiums. This is one way to lower your insurance premiums.

#3 Authorised workshop only, or any workshop of your choice

Most car insurance plans encourage you to have your repairs done at one of many authorised workshops approved by the insurer. This assures both you and your insurer of the quality and price of repairs. 

However, if you have a preferred workshop, or if you’d like the flexibility to have your car repaired at any workshop, you’ll have to opt for a plan that provides such an option. Typically, car insurance plans that allow repairs at any workshop will come with higher premiums. 

Secondary factors to consider when choosing a car insurance plan: 

  • Additional driver: Will there be someone else driving the vehicle? If so, you should add a ‘named driver’ or ‘additional driver’ to the policy who will also be insured to drive the car. The ‘named/additional’ driver will usually have the same amount of coverage as the main driver and will come with additional cost.

  • Roadside assistance: Would it give you peace of mind to have access to roadside assistance at any time of the day should you get into an accident? If the answer is yes, look to see if the car insurance plan offers 24/7 roadside assistance. This could come in handy especially for newer drivers who are unsure of the procedures in the event of an accident.

  • No Claims Discount (NCD): How much is your NCD? NCD gives you a discount off your car insurance premiums and is determined by how many claims you make (or don’t make) over the past year. If your NCD is between 30% to 50% you could consider adding on riders such as an NCD protector to shield your NCD in the event of a claim.

  • Daily transport allowance: This is an allowance you’ll receive from the insurer for each day that your vehicle is being repaired. This allowance is subject to the insurer’s terms and conditions and could be capped.

  • Overseas coverage: If you require overseas coverage, for example if you frequently drive in and out of Malaysia, you’ll need a car insurance plan that offers such coverage. Do take note that most insurers have pretty standard geographical areas that they provide coverage for – mainly West Malaysia and Southern Thailand.

Finally, if you’re a young driver, do expect that your premiums and excess will be higher because of your lack of driving experience.

Best car insurance plans in Singapore (2021)

ProviderBest forBest features Indicative cost per year*
MSIGLow price – Reputable brand with 30+ authorised workshops
– Offers car loan protection of S$100,000 in the event of death (for MotorMax Plus policy only)
– 24-hour roadside assistance for towing, lockout or minor roadside repairs assistance
– Replacement of a new vehicle if your vehicle becomes irreparable after an accident
From S$825.24
EtiqaYoung drivers and demerit-free drivers – Easy to buy and claim (claims can be paid out in 30 minutes)
– S$50/day allowance if your car is stuck in workshop
– Adjustable excess for better pricing
– Low age limit (24) for young & inexperienced driver- 5% additional discount if you have been demerit-free in the past 3 years
– Free child seat coverage of up to S$300
– Affordable premiums thanks to ongoing promos
From S$1,190.25
AvivaPromotional rates and young drivers– Low age limit (24) for young & inexperienced driver
– 30+ workshops, including brand authorised workshops
– No Claims Discount (NCD) remains intact with no upfront excess payment required, if your car is damaged through no fault of yours. It also offers the lowest NCD penalty of 10% upon claims (for Standard and Prestige)
– Great promo rates for NSmen & civil servants
– (for Prestige) eCall assistance service that automatically alerts the emergency team to provide you with professional help
– (for Prestige) No additional excess for young and inexperienced driver
From S$1,057.54
FWDGetting 50% NCD for life and overseas coverage– It’s a breeze to purchase your plan online
– Good value for money, has lifetime 50% NCD guarantee
– No need to name all drivers. Anyone you trust to drive your car is insured (not applicable for Classic Plan unless a rider is added)
– Courtesy car provided up to three months if your car is written off or permanently lost
– Receive up to S$80 daily transport allowance (for up to 10 days) when your car is being repaired
From S$918.68
NTUC Income – DrivoEmergency assistance team and free NCD protector – Reputable brand with excellent roadside assistance, with Orange Force riders arriving at accident scenes to provide help anytime and anywhere
– 24/7 referral services for road and medical assistance in West Malaysia
– S$50/day transport allowance from the first day of repair, up to a maximum of seven days
– 30+ authorised workshops islandwide
– Free NCD protector granted automatically upon your next renewal if you have been enjoying 50% NCD in the last two years with Income
From S$739.77
HLAS – Car Protect360
Choosing your own car workshop– Flexibility to choose between going to your choice of car workshop or HLAS’ quality workshops that come with reduced excess and premiums
– 24/7 hours roadside assistance in the event your car breakdown
– 25% discount plus a choice of free car servicing, air-con treatment or paint protection 
From $1,336.15
NTUC Income – DrivoElectric vehicles– Covers 11 different EV makes, including Tesla, BYD, Nissan, Audi, BMW, Honda, Hyundai, KIA, MG, Mini and RenaultNot applicable

*Indicative annual premium for a 35-year-old married male driver with clean driving record, five years of driving experience and 50% NCD, driving a Mazda 3 1.6 (A) registered in 2018. Prices quoted are before the discounts offered by the providers.

MSIG Car Insurance — MotorMax: Best for the budget-conscious

Why it’s good: MSIG is one of the longer-standing insurance companies in Singapore for car insurance, and it has a well-built-up network of over 30 authorised workshops. More conservative, brand-conscious drivers would want to consider this provider.

Apart from a solid reputation, we also like that MSIG offers a car loan protection benefit. If the car owner passes away, MSIG will pay off the loan so that the surviving family does not have to worry about the debt. Given that cars are so expensive in Singapore, this feature is definitely nice to have.

What plans are available: MSIG has two comprehensive car insurance plans: MotorMax and MotorMax Plus. 

The main difference between them is workshop policy. For those who drive an older car that’s not under warranty, the cheaper MotorMax plan should be sufficient as there are over 30 authorised workshops islandwide. 

You would need to opt for the more expensive MotorMax Plus to get benefits like loan protection, transport allowance and replacement car.

Available promotions: Receive up to S$250 in online shopping vouchers and S$50 via PayNow when you apply for an MSIG MotorMax policy through SingSaver. Valid from 1 – 30 September 2021. T&Cs apply.

– MSIG MotorMax: S$100 online shopping vouchers and S$50 via PayNow
– MSIG MotorMax Plus: S$150 online shopping vouchers and S$50 via PayNow

Annual premium: From S$825.24 (based on driver profile and car above)

Etiqa (Tiq) Car Insurance: Best for young drivers

Why it’s good: Etiqa (also known as Tiq) prides itself as a digital insurer, so you can expect a quick and painless buying experience. They’ve even minimised the hassle around claims. Just submit your repair claim of up to S$5,000 online (only applicable for ‘own damage’ claims), and Etiqa can verify and pay it out in as little as 30 minutes.

Depending on how much you’re willing to fork out in excess, Etiqa also offers adjustable excess for the named driver, in order for you to enjoy better pricing.

Like Aviva, Etiqa’s threshold for ‘young and inexperienced driver’ is 24 years old, which is good news for drivers in their 20s.

What plans are available: Etiqa has just the one comprehensive car insurance plan. It comes with the standard accident, personal accident and liability coverage, but does not include the nice-to-haves such as a courtesy car or dedicated emergency assistance staff. There is, however, a thoughtful S$50 daily payout if your car gets stuck in the workshop, up to a maximum of five days.

By default, you’ll need to send your car to one of the 20+ Etiqa authorised workshops. You can purchase an add-on to get your car repaired at the workshop of your choice, but this might mean your claims take longer to process as well.

All these add up to a value-for-money, but basic, car insurance plan that’s more suited to older cars (no longer under warranty) and experienced drivers (who know what to do in an accident). 

Available promotions:
No promotions are being run for Etiqa’s car insurance plan at the moment.

Annual premium: From S$1,190.25 (based on driver profile and car above)

Read our full review of the Etiqa Car Insurance plan here.

Aviva Car Insurance: Best for promotional rates

Why it’s good: Car insurance providers do insure ‘young and inexperienced drivers’, but impose a much higher excess (amount you pay out of pocket for repairs) if they are involved in an accident. This might be off-putting for young drivers and newbies who just got their licenses.

We mention this because Aviva is one of the more forgiving insurers when it comes to young driver coverage. While other insurers define this high-risk group as anyone up to age 27, Aviva’s cut-off age is 24 years old. (Although note that if you’ve had your license for less than two years, you’ll still be subject to the high excess.)

What plans are available: Aviva offers three plans: Lite, Standard and Prestige. The cheapest Lite plan looks substantial enough for most drivers, as it allows repairs in over 30 workshops islandwide, including some workshops that are authorised by car brands/distributors.

In the event that you do get in an accident and make a claim, most insurers will reduce your NCD by 30%. Aviva cuts it by 10% for the Standard plan onwards. So if you are concerned about preserving your No Claim Discount, you can pay a bit more for Standard.

Prestige is the most expensive plan, but it comes with a waiver for the young and inexperienced driver excess. It also includes Aviva’s complimentary service – eCall, a driver’s companion(device) that automatically gets help fast from the emergency team when an accident occurs.

Available promotions:

  • Get up to 23% off premiums and S$80 eCapitaVouchers when you use promo code CAR99. Valid from 1 – 30 September 2021. T&Cs apply.
  • Get up to 36% off premiums if you are an NSman with a MINDEF/MHA insurance policy or a civil servant with POGIS insurance.

You can also lock in your premium for two years, and/or opt to pay for your car insurance in instalments with a UOB or DBS/POSB credit card.

Annual premium: From S$1,004.67 (based on driver profile and car above)

FWD Car Insurance: Best for NCD

Why it’s good: As a fully digital insurer, FWD puts a lot of effort in being extremely user-friendly. You can get a quote and purchase your car insurance plan on their website in just minutes.

FWD is also the only insurer to offer 50% NCD for life, rewarding all drivers for safe driving. Once your No Claim Discount hits 50% — you can retain your 50% discount as long as you renew with FWD.

Customers like that FWD car insurance is relatively flexible. Unlike other insurers where you need to name additional drivers to avoid paying a higher excess, FWD’s coverage extends to anyone you trust to drive your car. (That said, the standard S$2,500 excess for damage done by a young driver under 27 still applies, or you can choose to lower the excess by paying more.) FWD also provides overseas coverage, more specifically, if you’re driving in West Malaysia and parts of Thailand.

What plans are available: FWD offers three car insurance plans: Classic (cheapest), Executive and Prestige (most expensive). They cover roughly the same things, but to different claim limits. So unless your car is very expensive, a Classic plan should be sufficient for most Singaporean drivers.

All of FWD’s car insurance plans come with 24/7 roadside assistance service, medical expenses coverage in case of a car accident and all the other nice-to-haves, so you can rest assured knowing the coverage is adequate.

Note that FWD plans allow only repairs at the 10+ FWD authorised workshops. If you want the ‘any workshop’ option, you’ll have to select it as a paid add-on.

FWD also offers a ‘lifetime NCD guarantee’ once your No Claim Discount hits 50% — you can retain your 50% discount as long as you renew with FWD. 

Available promotions:
Comprehensive Plan: Use the promo code CAR20 to receive 20% off. Valid from 18 – 19 September 2021. T&Cs apply.

You can opt to pay for your car insurance in instalments with a DBS/POSB Mastercard or Visa Credit Card.

Annual premium: From S$918.68 (based on driver profile and car above)

NTUC Income Car Insurance — Drivo: Best for emergency assistance

Why it’s good: NTUC Income is one of the most popular car insurance providers in Singapore for good reason. It’s well-known for its emergency assistance team, Orange Force, who will come to the accident scene to arrange for medical help, vehicle removal, and help you sort out the insurance claim.

This is a major selling point for drivers who have no idea where to begin when getting into an accident. We recommend NTUC Income to drivers who would appreciate this kind of help, especially at a time when you might be fretting over the accident.

NTUC Income Drivo also offers personal accident benefits of up to S$50,000 and medical expenses coverage of up to S$1,000. 

Finally, you’ll automatically be granted a free NCD protector upon your next renewal if you have been enjoying 50% NCD with NTUC Income for the last two consecutive years.

What plans are available: For comprehensive car insurance, choose between NTUC Income Drivo Classic and Premium plans. 

The main difference between them is workshop policy. The cheaper Drivo Classic plan restricts you to (close to 50) NTUC Income approved workshops islandwide, while Premium allows you to visit any workshop. Opt for the latter if you drive a car that’s still under warranty, and can only go to the dealer’s workshop.

Annual premium: From S$739.77 (based on driver profile and car above)

Read our full review of the NTUC Income Drivo Car Insurance plan here.

HLAS Car Insurance — Car Protect360: Best for car workshop choices

Why it’s good: HLAS Car Protect360 gives you the flexibility to send your car to your choice of car workshop or one of HLAS’ 20+ quality workshops. Getting your repairs done at a HLAS approved workshop will come with reduced excess and premiums, as well as the assurance that genuine manufacturers’ parts are used, coming with a full nine-month repair warranty. 

HLAS car insurance includes a daily transport allowance of S$50 per day, up to a limit of S$1,000 if your car repairs take three days or more. They also provide 24/7 hours roadside assistance in the event your car breaks down. 

HLAS offers medical coverage for the driver, with up to S$20,000 in personal accident cover and medical expenses cover of up to S$1,000 in the event of an accident. Passengers or an authorised driver can receive up to S$10,000 for personal accident benefits. 

What plans are available: There’s only a single type of car insurance plan available on HLAS — Car Protect360. This makes selection and comparison easy for someone looking for a HLAS car insurance plan. 

Available promotions: HLAS is currently running a car servicing promotion where you can choose to enjoy either free car servicing, 2-in-1 air-con treatment or a paint protection system. This comes on top of a 25% discount when you sign up with HLAS. 

Annual premium: From S$1,336.15 (based on driver profile and car above)

Special mention for electric vehicles: NTUC Income – Drivo

Why it’s good: You’ll realise that not all car insurance plans cover electric vehicles. With NTUC Income, you can choose from eleven different EV makes, including the likes of Tesla and BYD. You’ll then be required to choose between an annual rate or a pay-per-kilometre. 

NTUC offers usage based insurance (UBI) for owners of EVs. You can choose from three different EV UBI plans, paying only based on how much (or how little) you drive as your insurance premiums are pegged to the mileage on your EV.

Their handy microsite also helps you to find the nearest electric vehicle charging station when you enter your postal code. 

What plans are available: Car insurance with an annual premium rate, or premiums dependent on your usage. 

Available promotions: Not applicable.

Annual premium: Unlike the instant quotes you can get for your traditional fuel-consuming car, you’ll have to wait three working days for the quote to be sent to your email. 

Compare car insurance before renewing

We’ve shortlisted the five best car insurance plans for 2021, but this is by no means a static list. Insurers do change their premiums, policies and offerings all the time, so make sure you shop around when it’s time to renew your car insurance plan.

It does take some time to understand the options and get quotations online, so don’t leave it all to the last minute. Set yourself a reminder to research the options before it’s time to renew your policy!

Get all the help you need (including car insurance renewal) by contacting the SingSaver insurance brokerage team at insurance_enquiry@singsaver.com.sg or by phone at 31382648 for more information.

Tips to get the best car insurance price

To secure the lowest price possible for your car insurance plan, here are some tips for you: 

  • Compare car insurance premiums by getting free quotes online (don’t just settle for the first plan you land on!)
  • Drive safe to avoid accidents and bump up your No Claims Discount (NCD)
  • Opt for lower coverage on older cars as the premium prices could be higher than your car’s market value
  • Maintain a good credit score
  • Increase the excess
  • Opt for pay-per-kilometre insurance
  • Be on the lookout for discounts
Frequently asked questions about car insurance

Common FAQs related to car insurance

What does car insurance cover?

Car insurance can help protect you against any financial damages and losses that arise from a motor accident, such as the cost of repairing your vehicle and for towing services. It can also provide you and your passengers with coverage for medical expenses, death, and lost or damaged belongings. 

Car insurance also covers accidental damage caused to the property of a third party. Lastly, you can also enjoy fringe benefits such as 24/7 emergency assistance and daily transport allowance while your car is in the workshop for repair.

Why do you need car insurance? 

Car insurance is compulsory in order for you to drive a motor vehicle in Singapore. Driving without car insurance could lead to a fine of up to S$1,000 and/or a jail term of up to three months. You could also be disqualified for holding or obtaining a driving license for a period of 12 months. Legal implications aside, car insurance is also important to help protect you, your loved ones as well as third-parties from the financial repercussions of a motor accident. 

How to compare car insurance? 

To compare car insurance, you should first check the policy coverage details. Some important sections you should look out for include coverage for vehicle damage, medical expenses, personal accident coverage and liability to third parties. 

Cost should also be a consideration, especially if you are tight on finances. Besides comparing the car insurance policies listed in this article, you can also get an instant quote online from different car insurance companies, with no strings attached. 

How do I make a claim from my car insurance?

  • Take pictures of the accident, including the damages to your vehicle and the other vehicles involved
  • Do not move the vehicle if possible
  • Get all the details and contact information of the parties involved
  • Submit and file your claim within 24 hours of the accident
  • Provide all evidence available to the insurance company
  • Get your car repaired at a car workshop — this could be an authorised workshop, or any workshop, depending on your policy details

What happens to my car insurance if I sell my car?

If you decide to sell your car and plan on getting a new car, you can choose to cancel the current car insurance policy and receive a prorated refund while you get a new policy to cover your new car. However, if you’re not planning on getting another car, contact your insurance company to have them cancel it.

What is excess in car insurance?

Car insurance excess is the amount you have to pay out of your own pocket when you make a claim, but excess is only paid for your losses or during instances when you’re at fault. For example, if your policy excess is S$500 and your claim is S$2,000, you’ll only have to pay S$500 while your insurance company forks out the remaining S$1,500.

What is NCD in car insurance?

NCD stands for no claims discount, which is the percentage discount that your insurer takes off your car insurance premiums to reward you if you’ve not made any car insurance claims the previous year. This can range from 10% to 50% depending on the number of claims you make over the years.

You can even get an NCD protector to protect your NCD.


Protected up to specified limits by SDIC.

Note: This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs.

If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.


Read these next:
How Much Does It Truly Cost to Maintain a Car in Singapore?
11 Fun (and Lesser-Known) Facts About Car Insurance For You Car Owners
Buying An Electric Car In Singapore: A Complete Guide
Car Insurance: What You Need To Know And How These 5 Factors Determine Your Car Insurance Premium
5 Things to Consider Before Buying Car Insurance in Singapore