Affordable Comprehensive Car Insurance in Singapore for 2025

Comprehensive car insurance, often referred to as "full coverage," provides extensive protection beyond the legally mandated third-party liability coverage in Singapore. It covers damages to your own vehicle from incidents such as accidents, theft, vandalism, and natural disasters. Unlike third-party insurance, which only covers damages to other parties, comprehensive insurance safeguards your vehicle, offering peace of mind.

Many Singaporean drivers opt for comprehensive coverage due to its extensive benefits:

• Protection against a wide range of potential damages and losses.

• Financial security in case of accidents, theft, or natural disasters.

• Coverage for repairs or replacement of your own vehicle.

>> More: The 3 key types of car insurance in Singapore

Securing affordable full coverage auto insurance in Singapore requires careful consideration and comparison. While price is a significant factor, it's crucial to balance cost with the level of coverage and the insurer's reputation.

Here's a table showing estimated annual costs for comprehensive car insurance from some of Singapore's leading providers:

>> More: 5 best car insurance companies in Singapore of 2025

While cost is a primary consideration for many Singaporean drivers, it shouldn't be the sole deciding factor. The cheapest full coverage insurance doesn't always translate to the best overall value. It's essential to find a car insurance company that offers affordable rates without compromising on customer service and claims handling.

Based on our assessment, the following companies in Singapore offer some of the most affordable policies:

• ECICS: From S$843.43 per year.

• AIG: From S$861.74 per year.

• Etiqa (Tiq): From S$884.18 per year.

• MSIG: From S$932.70 per year.

• DirectAsia: From S$964.61 per year.

While not always the cheapest, these insurers are known for their customer service, claims efficiency, and overall reliability. Remember, a smooth claims process and responsive customer support can be invaluable when you need it most.

>> More: The cheapest car insurance companies of February 2025

Comprehensive car insurance in Singapore provides the most extensive protection for your vehicle, beyond mandatory third-party liability and collision-only coverage. It's designed to shield you from various potential losses and damages.

Here's a breakdown of what comprehensive coverage typically includes:

• Damage to your own vehicle: This covers repairs or replacement costs if your car is damaged in an accident, regardless of who is at fault.

• Theft: If your car is stolen, the insurance company will compensate you for its market value.

• Vandalism: Any damage caused by intentional acts of vandalism is covered.

• Fire: Damage caused by fire, including electrical fires, is included.

• Natural disasters: Protection against damage caused by natural events like floods, storms, and falling trees.

• Third-party liability: Like all car insurance policies in Singapore, comprehensive coverage includes third-party liability, which covers damages you cause to other people or property.

When you file a claim under your comprehensive policy, you'll typically be responsible for paying a deductible, also known as an excess. This is the amount you agree to pay out-of-pocket before the insurance company covers the remaining costs.

Let's say you're driving your car during a heavy rainstorm, and a large tree branch falls onto your vehicle, causing S$8,000 in damage. Your comprehensive insurance policy covers this type of damage. If your deductible is S$1,000, you'll pay the first S$1,000, and your insurance company will cover the remaining S$7,000.

Looking to understand the different types of car insurance in Singapore? Here's a quick guide to the key types:

Third-Party Only (TPO)

What is it?

Third-Party Only (TPO) insurance is the minimum level of coverage required by law in Singapore. It covers your legal liability for causing bodily injury or property damage to others in an accident.

Is it required?

Yes, it is legally mandatory for all vehicles driven on public roads in Singapore.

Ready to learn more?

Check out SingSaver's coverage on the top 10 best car insurance options in Singapore.

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Third-Party, Fire, and Theft (TPFT)

What is it?

Third-Party, Fire, and Theft (TPFT) insurance provides the same coverage as TPO, but with added protection for your vehicle against loss or damage due to fire or theft.

Is it required?

No, it's not legally required, but it offers more protection than TPO.

Ready to learn more?

Check out SingSaver's coverage on the top 10 best car insurance options in Singapore.

Learn more

Comprehensive

What is it?

Comprehensive car insurance offers the most extensive coverage. It includes everything covered by TPFT, plus coverage for accidental damage to your own vehicle, regardless of fault. It may also include benefits like windscreen coverage, personal accident coverage, and towing assistance.

Is it required?

No, it's not legally required, but it provides the most comprehensive protection.

Ready to learn more?

Check out SingSaver's coverage on the top 10 best car insurance options in Singapore.

Learn more

Finding the cheapest full coverage auto insurance in Singapore requires a strategic approach. Here are some key tips to help you save on your premiums without compromising on coverage:

• Compare quotes from multiple insurers: Don't settle for the first quote you receive. Use car insurance comparison tool or contact insurers directly to get multiple quotes.

• Maintain a clean driving record: Safe driving habits are rewarded. Avoid traffic violations and accidents to build a good driving record, which can significantly lower your premiums.

• Maximise your No-Claim Discount (NCD): Increase your NCD by avoiding claims. A 50% NCD can result in substantial savings.

• Choose your vehicle wisely: Certain car models are cheaper to insure than others. Consider the insurance costs when purchasing a vehicle.

• Bundle your insurance policies: Some insurers offer discounts if you bundle your car insurance with other policies, such as home or travel insurance.

• Adjust your deductible (excess): Opting for a higher deductible can reduce your premiums, but ensure you can afford to pay it in case of a claim.

• Review your policy regularly: Your insurance needs may change over time. Review your policy annually to ensure it still meets your requirements.

>> More: Ways to reduce car insurance costs in Singapore

When shopping for car insurance from different companies in Singapore, it's crucial to compare quotes for the same coverage level. Otherwise, you might think you've found a great deal, only to discover you lack adequate protection when you need to make a claim.

To ensure you're making an informed decision when comparing comprehensive car insurance quotes, keep these points in mind:

• Standardise coverage limits: Use the same deductibles, liability limits, and coverage options across all quotes for an accurate "apples-to-apples" comparison.

• Affordable deductible (excess): Choose an excess amount you can comfortably afford. This prevents financial strain if you need to make a claim.

• Compare add-on coverage: Pay close attention to add-on coverage options, such as windscreen protection, loss-of-use benefits, and 24-hour roadside assistance. These vary significantly between insurers.

• Consistent information: Provide the same driver, vehicle, address, and driving history details every time you request a quote. Any inconsistencies can lead to inaccurate pricing.

• Obtain multiple quotes: Aim for quotes from at least three insurers. The more quotes you gather, the higher your chances of finding the most affordable and suitable comprehensive car insurance.

• Check NCD transferability: If you're switching insurers, ensure you understand how your NCD will be transferred.

• Read the policy wording: Don't just focus on price. Review the policy wording to understand the specific terms, conditions, and exclusions.

>> More: Get free car insurance quotes