Best Motorcycle Insurance in Singapore (2025 Guide)

Motorcycle insurance isn’t just about ticking an LTA box—it’s your financial airbag when life throws a curveball on the PIE. Whether you’re cruising on your trusty scooter or clocking long hours as a delivery rider, getting the right insurance plan means protecting your bike, your savings, and your sanity.

In this guide, we’ll unpack how motorcycle insurance works, how to choose the right plan, how to save money, and which providers offer the best motorcycle insurance options in 2025.

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Motorcycle insurance works like a safety net. You pay a fixed premium (usually annually), and in return, the insurer covers you for a set of risks. Depending on your coverage type, you may be reimbursed for:

• Accidental damage you cause to another person's vehicle or property

• Legal liability if someone is injured or passes away as a result of an accident involving your bike

• Fire damage or theft of your motorcycle

• Repair costs to your own bike if you’re involved in a collision (only under comprehensive plans)

• Towing or roadside assistance if your bike breaks down

This helps reduce out-of-pocket expenses that could otherwise run into thousands of dollars—especially if there are injuries or expensive repairs involved.

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Here are some of the top-rated motorcycle insurance plans for different types of riders:

NTUC Income

At the top of the best insurance list is Income motorcycle insurance. It’s one of the most affordable and comprehensive motorcycle insurance policies. It covers collision damage and non-collision events such as fire, theft, and accidents.

If you're new to riding and looking for a low-cost option, Income is the way to go. Here is a summary of the benefits that come with the insurance cover:

FWD

FWD motorcycle insurance is designed for riders who want digital convenience and peace of mind. It offers 24/7 roadside assistance, a fast claims process via their mobile app, and options for covering riders.

Perfect for commuters and delivery riders who don’t want to waste time on paperwork.

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Budget Direct

Budget Direct is ideal for cost-conscious riders who still want reliable coverage. It allows you to customise your policy based on what you need, with optional add-ons like NCD Protector and 24/7 assistance.

Great if you're confident on the roads and want more control over your coverage and costs.

Etiqa

Etiqa’s motorcycle insurance is a strong option for those who value fast claims and digital-first service. It’s known for e-claims payouts within three working days and includes coverage for common risks like fire and theft.

Best suited for city riders who want hassle-free coverage.

DirectAsia

DirectAsia keeps things simple and affordable. While it may not have all the bells and whistles, its core coverage is solid and works well for experienced riders who want essential protection.

Perfect for those who ride occasionally or on older bikes.

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Third-Party Only (TPO)

This is the most basic and budget-friendly form of coverage. It's legally required in Singapore and covers only damage or injury you cause to others—not your own motorcycle.

Third-Party, Fire & Theft (TPFT)

A step up from TPO, this includes coverage if your bike gets stolen or damaged by fire, in addition to covering third-party liabilities. It's a smart middle-ground for bikes that are a few years old and still valuable.

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Comprehensive Motorcycle Insurance

This is the most complete type of coverage available. It covers everything TPO and TPFT do, plus damage to your own bike in an accident—regardless of who's at fault. While it costs more, it provides peace of mind, especially for daily riders or owners of higher-value motorcycles.

Do I need comprehensive insurance?

If your motorcycle is new, has high resale value, or is essential for work, comprehensive coverage is strongly recommended.

Picking the right motorcycle insurance in Singapore isn’t just about price—it’s about protection that fits your lifestyle, bike value, and riding habits. Whether you're a weekend warrior or a daily delivery rider, here are some key factors to weigh before you commit to a policy:

Type of coverage (TPO, TPFT, or Comprehensive)

Start by deciding what level of protection you need.

• TPO (Third-Party Only) is the legal minimum but doesn’t cover your own bike.

• TPFT adds fire and theft protection.

• Comprehensive motorcycle insurance gives you the fullest protection, covering your own bike even if you're at fault.

Personal use vs. commercial use

If you’re using your bike for food or parcel delivery, standard plans may not apply. You’ll need to declare it as commercial or PHV use to be properly covered. Some insurers charge higher premiums for this due to increased risk exposure.

No claims discount (NCD)

The longer you go without making a claim, the more you save. NCD typically starts at 0% and can go up by 5% - 10% per year depending on your insurer. Consider getting an NCD Protector add-on to keep your discount intact after one claim.

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Personal accident and rider coverage

Not all motorcycle insurance includes personal accident insurance. Check the limits. If they’re low, a standalone personal accident plan may be necessary to protect you and any regular passengers.

Excess and deductibles

The excess is the out-of-pocket cost you pay when making a claim.

• A higher excess lowers your premium but increases your cost in an accident.

• Choose a balance based on your budget and risk appetite.

Roadside assistance and towing benefits

If your bike breaks down in Tuas or on the expressway, having 24/7 roadside assistance is a blessing.

Check the policy for:

• Towing limits (e.g., 30km or full recovery)

• Coverage in Malaysia (if you ride across the border)

Workshop network and repair terms

Does the insurer have a reliable panel of authorised workshops?

• Some allow you to choose your own, others restrict repairs to their network.

• This can affect repair quality and claims turnaround time.

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Claims process and customer reviews

Read real user reviews on claims experience.

• How fast are payouts?

• Is the mobile app user-friendly?

• What’s the hotline service like during emergencies?

Premium cost vs. coverage value

Don't fall into the trap of chasing the cheapest premium. Instead, weigh:

• What’s included in the coverage?

• Are add-ons worth the cost?

• Will the plan truly protect you in a worst-case scenario?

Pro tip: Before buying, always get a motorcycle insurance quotation from at least 3 different providers. And don’t forget to read the policy wording—especially the fine print on exclusions.

The cost of your motorcycle insurance premium isn’t fixed—it’s calculated based on your personal risk profile. Insurers consider several factors:

• Your age and riding experience

• The motorcycle’s make, model, and value

• Your claims history 

• Use type (personal, delivery, or PHV)

• The level of coverage you choose

Always request a motorcycle insurance quotation from multiple insurers to compare prices easily.

Yes—and here’s why it can be a smart move.

While motorcycle insurance in Singapore is mandatory and covers third-party liabilities (and optionally your own bike), it doesn’t always include personal injury coverage for you, the rider. This is where personal accident insurance comes in.

What’s the difference?

• Motorcycle insurance: Covers third-party injury or damage, and—if you opt for comprehensive cover—your motorcycle’s damage or loss. Some policies include basic personal accident benefits, but usually with lower payouts.

• Personal accident insurance: Pays out a lump sum if you suffer from death, disability, or certain injuries due to an accident—regardless of whether it was a motorcycle accident or a slip at home. It may also cover daily hospital income, outpatient expenses, or recovery support.

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Why both might be necessary:

• If you’re a delivery rider, daily commuter, or frequent JB traveller, your risk exposure is higher. A separate personal accident plan ensures you’re financially protected even if the motorcycle insurer’s limits don’t fully cover your injuries.

• Personal accident plans often extend 24/7 coverage—on or off the bike.

When comparing motorcycle insurance quotes, check if the policy includes personal accident coverage. If the limit is low (e.g., under S$10,000), consider topping up with a standalone plan for broader peace of mind.

Combine a comprehensive motorcycle insurance plan with an affordable personal accident insurance policy for complete protection on and off the road.

• Opt for a higher excess (if you rarely claim)

• Keep a clean riding record to earn up to 30% NCD

• Install anti-theft devices for possible discounts

• Compare quotes annually to avoid overpaying

• Only pay for add-ons you really need

If you’re trying to save on your motorcycle insurance in Singapore, here’s how to get the best value without cutting corners on coverage.

Start with TPO (third-party only) if your bike’s older

If your motorcycle is nearing its COE expiry or has low resale value, TPO insurance might be enough. You’ll still meet legal requirements and protect yourself from third-party claims—just don’t expect coverage for your own repairs.

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Shop around before you renew

Never auto-renew without comparing first. Use a motorcycle insurance quotation tool to get at least 3 quotes. Different insurers offer different rates, discounts, and promotions—even for similar coverage.

Increase your excess (if you ride safe)

Choosing a higher excess (the amount you pay when claiming) can lower your annual premium. Just make sure you’re financially ready to pay that amount if you ever need to claim.

Skip unnecessary add-ons

Add-ons like roadside assistance or pillion rider coverage can be useful—but not for everyone. If you don’t frequently ride with a passenger or stay within city limits, you might not need them.

Read the coverage limits. Sometimes, the benefits sound generous but cap out at low amounts.

Maximise your No Claims Discount (NCD)

A clean riding record pays off. Maintain it for 3–5 years and you could save up to 30% or more. If your NCD is high, consider adding an NCD Protector so you don’t lose your discount after one unlucky claim.

Bundle insurance with the same provider

Already have car insurance, home insurance, or personal accident cover with one provider? See if they offer a bundle discount when you add motorcycle insurance.

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Pay annually if you can

While monthly motorcycle insurance instalments can feel lighter, paying annually is often cheaper overall. Avoid hidden admin fees or interest that can sneak into monthly plans.

Maintain your bike well

Insurers look favourably on bikes that are well-maintained and less prone to breakdowns. Regular inspections and servicing may also prevent claims from being denied due to negligence.

Go digital

Insurers like FWD, Budget Direct, and Etiqa often offer lower premiums for fully online purchases. You save on paperwork—and they save on admin costs, which gets passed on to you.

Ask about loyalty rewards or cashback

Some insurers reward renewals with loyalty bonuses, while others (like FWD) offer cashback if you don’t claim. It never hurts to ask.

Whether you're commuting to work, delivering food, or just riding for fun, motorcycle insurance is more than just a legal necessity—it’s a smart way to safeguard yourself and your ride.

Take the time to compare plans, understand your needs, and make an informed choice. The right coverage can mean the difference between an expensive nightmare and a smooth, speedy recovery.