Best Car Insurance in Singapore - Compare Quotes Online

Best Feature

Current Car Insurance Promotion

Cost per year*

Etiqa (Tiq) Car Insurance

Best Feature

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
Drive Less Save More add-on allows you to save up to 30% yearly in cash rebates
Free child seat coverage of up to S$300
Affordable premiums thanks to ongoing promos
Adjustable excess for better pricing

Current Car Insurance Promotion

Receive 20% off + up to S$300 cashback when you use the promo code TIQSINGSAVER.

Valid till 31 March 2023. T&Cs apply.

Cost per year*

From S$835.26

(approx. S$812.92 with Drive Less Save More add-on)

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AIG Car Insurance

Best Feature

Provides collision-related accidents at a lower premium
Provides coverage for third-party property damage of up to S$5,000,000 and unlimited coverage for death or injury to third parties
Pay a lower premium when you limit the policy to drivers aged 30, 35, or 40 years and above, or limit the coverage over the next 12 months

Current Car Insurance Promotion

N.A.

Cost per year*

S$1,056.07

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MSIG MotorMax

Best Feature

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
Replacement of a new vehicle if your vehicle becomes irreparable after an accident

Current Car Insurance Promotion

Receive up to S$70 via PayNow and up to $$150 petrol vouchers.

Valid till 31 March 2023. T&Cs apply.

Cost per year*

S$825.24

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FWD Car Insurance

Best Feature

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

Current Car Insurance Promotion

Receive a 25% discount on select FWD Car Insurance when you use the promo code SSCAR.

Plus, score a BRONZE ticket (1x chance) in our March Madness Grand Lucky Draw when you apply for a chance to win your share of over S$20,000 worth of prizes! Valid till 2 April 2023. T&Cs apply.

For FWD Comprehensive Car insurance policy (each an “Eligible FWD Policy”) as a new standalone policy, get up to $300 Rewards by FWD.

Valid till 1 April 2023. T&Cs apply.

Cost per year*

S$918.68

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Third-Party Only For Car Accidents

Coverage in an accident where you are liable for damage to someone’s car or property.

Ideal for motor vehicle owners who:

Have a lower budget range
Want basic coverage to meet the basic legal requirements

Third-Party For Car Accident, Including Fire & Theft Car Insurance

Stay covered in case your car is burgled or damaged as a result of a fire.

Ideal for motor vehicle owners who:

Have an average budget range
Want extended coverage to losses due to fire or theft

Comprehensive Car Insurance Coverage

Coverage for both driver and passengers, which includes accidental damage to your vehicle, personal accident benefits and medical expenses.

Ideal for motor vehicle owners who:

Have a higher budget range
Want complete coverage for peace of mind

Car Accident With Another Driver

Car Accident Alone

Compare Quotes, Don’t Make a Decision Too Quickly

Before applying for car insurance in Singapore, use SingSaver to quickly and conveniently compare quotes and deals from leading providers. Evaluating different insurers allows you to find the most comprehensive coverage at the best price. Gain a better understanding of the market and make informed decisions with the help of SingSaver's comparison tools.

Bundle Policies

When purchasing insurance in Singapore, buyers should consider promotions and discounts to secure the best offerings for insurance policies. With SingSaver's constantly updated deals and year-long promotions, consider bundling car insurance with other policies such as home, life, and health insurance for even better deals. Maximize your savings by taking advantage of SingSaver's comprehensive offerings.

Read the Fine Print

It's important to read the fine print when applying for car insurance in Singapore. Understand the terms and conditions of the policy, as well as the coverage limits and exclusions, to make sure that you're getting the coverage you need.

Car insurance is mandatory for all owners of motor vehicles in Singapore. It is impossible to own a car without car insurance in Singapore. The minimum insurance requirement is that it must at least cover third-party liability for deaths and bodily injury.

Premiums and excess are usually a lot higher for new or young drivers. You also don’t enjoy the cost savings of NCD just yet. If you’re new to driving, it’s best to get a comprehensive plan that covers all possible damages in the event of an accident within your budget.

Follow the following steps to claim car insurance quickly and efficiently:

Take pictures of the accident and the damages to 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

You can cancel your current car insurance policy and receive a prorated refund.

Renewing your car insurance in Singapore is a simple process. Here are the steps you need to take:

1. Gather Documents
Gather the documents required by your insurance policy provider. These documents may include your vehicle registration details, driver's licence, and other relevant documents.

2. Obtain a Car Insurance Renewal Quotation
Contact your insurance provider to obtain a car insurance renewal quotation. The insurer will then provide you with a renewal quotation based on your current policy and payment history.

3. Compare Quotes
Compare the different car insurance renewal quotations from multiple providers and select the best one for you.

4. Payment
Make the payment for your car insurance renewal. Depending on the policy, you may be able to pay using cash, cheque, or credit card.

5. Processing Time
Once the payment is made, your car insurance renewal will be processed and the policy will be updated.

6. Completion
Your car insurance policy documents will be sent to you via email or post.

With these steps, you can easily renew your car insurance in Singapore and keep your vehicle protected.

Car insurance premiums can range from S$400 to upwards of S$3,000 annually, depending on the type of car insurance you are getting: Third Party Only, Third Party Fire and Theft, and Comprehensive.

The price of your car insurance premium ultimately boils down to your age, gender, years of driving experience, car model, age of car and more. It is also dependent on your NCD (if any), which can range from 10% to 50%. If you’re looking to lower your premiums, you can also consider increasing your excess.

Here are some tips for you to snag affordable car insurance:

Compare 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

Most car insurance premiums cannot be negotiated as the prices have already been set by the company. However, you can enjoy a lower premium price if you have a good track record with a high NCD and increase the excess.

Excess in car insurance is the amount of money you agree to pay towards any claim made on your car insurance policy. This amount is usually a fixed amount and is taken off the total cost of any claim. For example, if you have an excess of $200 and you make a claim for $1,000, your insurer will pay out $800 and you will be responsible for paying the remaining $200.

You must pay the excess before your insurer pays out the remaining amount. The higher the excess amount, the lower your premium will be.

Third-party car insurance is a type of insurance that covers you for any third-party liability resulting from an accident, injury, or damage to the other person’s property. It does not cover damage to your own car or any medical expenses you incur. It covers the cost of any legal fees and compensation claims made against you by a third party.

Third-party car insurance is compulsory in many countries and is usually sold as part of a car insurance package. It pays out when you are at fault in an accident, or when you are held liable for damage or injury to someone else’s property.

NCD (No-Claim Discount) is a type of discount that is offered by car insurance companies in Singapore as an incentive for customers who have not made any claims on their car insurance policy. The discount is usually given as a percentage of the premium for a policy period. The higher the NCD, the lower the premiums for the policy. NCD is typically accumulated over a period of time, with the amount increasing with each consecutive policy year that a customer does not make a claim.

The final NCD (New Claim Discount) entitlement is subject to confirmation from your previous insurer. Your new insurer will be responsible for confirming your final NCD entitlement. If your previous insurer confirms that the NCD is lower than stated in your application, you will be required to pay the difference in premium (even if your application is already issued).

You can request for your next car insurance company to transfer your NCD to the next policy if it’s within the NCD validity 2-year period. However, do note that your NCD will only last for one to two years, depending on the insurer. This means no discounts once your NCD expires.

Review your current experience with the insurer and reevaluate your requirements. Take a look at this article to see what car insurance plan is best for you and compare quotes to see how much switching your car insurance could save you.

You can also contact the Insurance Customer Service Team at insurance_enquiry@singsaver.com.sg or by phone at 3138 2648 for more information.

If you cancel when your car insurance is up for renewal, there is no penalty and you have the right to swap to any other insurer. If you choose to cancel your car before the renewal period, you could receive a refund amount, depending on the remaining period of your insurance.

However, if you’ve made a claim, it’s unlikely that you’ll get any refund.

Get The Best Car Insurance Quotes & Comparison in Singapore

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At SingSaver, our goal is to help make finding the perfect car insurance plan easy and affordable.

Best Car Insurance Promotions on SingSaver

Etiqa (Tiq) Car Insurance

AIG Car Insurance

MSIG MotorMax

FWD Car Insurance

We Work With The Best Car Insurance Providers

Car Insurance Options Available in Singapore

Third-Party Only For Car Accidents

Third-Party For Car Accident, Including Fire & Theft Car Insurance

Comprehensive Car Insurance Coverage

Start comparing car Insurance quotes & get personalised coverage

Got Into a Car Accident in Singapore?

Here’s How to Claim Car Insurance

Step 01

Step 02

Step 03

Step 04

Step 05

Step 01

Step 02

Step 03

Car Insurance Renewal Procedure

Step 01

Gather Documents

Step 02

Obtain a Car Insurance Renewal Quotation

Step 03

Compare Quotes

Step 04

Payment

Step 05

Processing Time

Step 06

Completion

General Singapore Car Insurance Tips

Compare Quotes, Don’t Make a Decision Too Quickly

Bundle Policies

Read the Fine Print

FAQ

Do I need car insurance in Singapore?

Which car insurance is best for new drivers?

How do I claim insurance after a car accident?

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

How do I renew my car insurance in Singapore?

How much does car insurance cost in Singapore?

What is the cheapest car insurance in Singapore?

How do I get the best price for car insurance?

Can car insurance premiums be negotiated?

What is ‘excess’ in car insurance?

What is third-party car insurance?

What is NCD in car insurance?

Can my NCD (New Claim Discount) be approved instantly?

What happens to my NCD (New Claim DIscount) if I sell my car?

Can I cancel my car insurance?

Do I get my money back if I cancel my car insurance?

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