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Car Insurance Singapore
Looking for the best car insurance in Singapore? You’ve come to the right place!
In this blog post, we will be discussing 8 of the Best Car Insurance Providers in Singapore. We will be looking at their coverage and customer satisfaction ratings to help you decide which provider is right for you. We will also provide information on what to look for when choosing car insurance, and how to get the best rates.
So, whether you are a first-time car owner or are simply looking to switch providers, read on for the information you need!
1. Singlife Car Insurance
| Key Services | Personal Insurance Business Insurance |
| Address | 4 Shenton Way, SGX Centre 2 01-01, Singapore 068807 |
| Website | https://singlife.com/car-insurance |
| Phone | +65 6333 2222 |
| Operating Hours | Mondays to Fridays: 8:45am to 5:30pm |
Young and inexperienced drivers are not entirely excluded from automobile insurance coverage, although they are subject to much higher excesses in the event of an accident.
This might be intimidating for young drivers and newcomers who have just acquired their licenses.
We’ll get into this because Singlife with Aviva is one of the more generous insurance providers when it comes to young driver coverage. While other insurers set the age at which a person is considered high risk at 27, Singlife with Aviva uses 24 as its cut-off age.
Singlife with Aviva provides three plans: Lite, Standard, and Prestige. The cheapest Lite plan appears to be adequate for most drivers, as it allows repairs at over 30 workshops throughout the island, including several motor shops that are approved by automobile manufacturers and distributors.
Key Differentiators
- Online forms are available
- Promo codes
- Quick emergency assistance available 24/7
- No additional excess for young and inexperienced drivers
- Lowest NCD penalty upon your car insurance claims
2. NTUC Income – Drivo
| Key Services | Personal Insurance Corporate Insurance |
| Address | Branch Locations |
| Website | https://www.income.com.sg/drivo-car-insurance |
| Phone | Contact |
| Operating Hours | Monday – Friday: 8.30am – 6.30pm |
There’s a lot of debate on insurance companies in Singapore, but there’s no denying that TUC Income is one of the most popular.
Orange Force, the company’s well-known for its emergency support team, will arrive on the accident site to set up medical assistance, vehicle extraction, and insurance claims.
This is a major selling point for drivers who have no idea where to start when it comes to dealing with an accident. We suggest NTUC Income to people who may benefit from this type of assistance, especially now that they are worried about any road accidents.
Key Differentiators
- Reimbursement of expenses incurred for vehicle repairs arising from accident.
- Coverage for third-party property damages arising from accident.
- Personal accident benefit and medical expenses coverage in the event of accident.
3. Etiqa
| Key Services | Personal Insurance Business Insurance |
| Address | One Raffles Quay, #22-01 North Tower, Singapore 048583 |
| Website | https://www.etiqa.com.sg/personal/general-insurance/car-insurance/private-car-insurance/ |
| Phone | +65 6887 8777 |
| customer.service@etiqa.com.sg | |
| Operating Hours | Monday to Friday: 8:30AM–5:30PM |
Etiqa outs itself as digital insurance, so you should anticipate a quick and easy purchase.
They’ve even made it easier for you to submit a claim. Simply fill out an online repair claim and Etiqa will check and pay it out in as little as half an hour.
According to your budget, Etiqa also offers adjustable excess so you may receive better pricing.
The minimum age to apply for car insurance with Etiqa is 21, which is good news for motorists in their early twenties.
Etiqa provides only one comprehensive automobile insurance plan. It contains the basic accident, personal accident, and liability coverage.
Also, there are 20+ Etiqa approved workshops. However, you may purchase an add-on that allows you to have your car fixed at a workshop of your choosing, but this might result in claims taking longer to resolve.
Key Differentiators
- Conveniently located
- Enjoy 5% additional discount
- Choose from Comprehensive, Third-party Fire & Theft, or Third-party only coverage types
- Free coverage for child seat
4. MSIG
| Key Services | Personal Insurance Commercial Insurance |
| Address | 4 Shenton Way #21‑01 SGX Centre 2 Singapore 068807 |
| Website | https://www.msig.com.sg/personal-insurance/MotorMax |
| Phone | +65 6827 7602 |
| Operating Hours | Mondays to Fridays 8.45 am to 5.30 pm |
The MSIG is one of Singapore’s longest-standing auto insurance providers. It has a well-established chain of over 30 authorized workshops. For drivers who are more conservative and brand conscious, this company might be worth considering.
Also, MSIG offers a vehicle loan protection benefit in addition to a good reputation. If the automobile’s owner dies, MSIG will pay off the loan so that the surviving family is no longer concerned about it.
MotorMax and MotorMax Plus are two of MSIG’s car insurance options.
The primary distinction between them is their workshop policy. The less expensive MotorMax plan should be enough for individuals who own an older vehicle that isn’t covered by warranty, as there are over 30 authorized workshops across the country.
To access the MotorMax Plus plan, you’ll need to spend more money than with the regular MotorMax plan. You’d need to select the higher-priced MotorMax Plus option in order to receive benefits like loan protection, transportation, reimbursement, and a replacement vehicle.
Key Differentiators
- Comprehensive coverage of insured vehicle against accidental loss or damage
- Accident repairs at authorised agent’s workshop or at a workshop of your choice
- Medical expenses cover for policyholder, authorised driver and/or passenger
5. Tokio Marine
| Key Services | Insurance Savings Wealth Management |
| Address | 20 McCallum St, Singapore 069046 |
| Website | https://www.tokiomarine.com |
| Phone | 65 6221 6111 |
| customervoice@tokiomarine-life.sg | |
| Operating Hours | Mondays to Fridays, 8.45am to 5.45pm |
Tokio Marine has been operating in Singapore since 1878, and it has established a reputation as one of the most trusted insurance providers in 38 countries, especially Singapore.
They provide a variety of insurance solutions, including health and travel insurance, house and family insurance, accident coverage, as well as the best commercial vehicle automobile insurance in Singapore.
Like other automobile insurance carriers, they provide three policy options: TPO, TFPT, and Comprehensive. Unlike most firms, their Comprehensive coverage includes extra protections against floods and windstorms; and riots and civil unrest are covered.
Key Differentiators
- Comprehensive
- Cover your legal liability coverage for any third party injury or property damage
- Two Insurances to choose from
Client’s Testimony
Easy way to renew my insurance.
Hamzah Ramat
6. AXA SmartDrive Car Insurance
| Key Services | Personal Insurance Business Insurance |
| Address | 9 North Buona Vista Drive, #18-01/06 The Metropolis Tower 1, Singapore 138588 |
| Website | https://www.axa.com.sg/car-insurance |
| Phone | +65 6880 4888 |
| Operating Hours | Tuesday to Thursday: |
AXA Insurance is one of the most well-known names in the insurance sector. In fact, AXA SmartDrive Car Insurance is one of the finest personal vehicle insurance available in Singapore.
You can pick from seven different insurance coverage under the SmartDrive Car Insurance plan to get one that is most suited to your requirements. Medical care, 24/7 towing, flood protection, windscreen coverage, and other features are available depending on the policy selected.
Furthermore, you can travel worry-free since the AXA SmartDrive Car Insurance includes coverage in Singapore, West Malaysia, and Thailand.
Key Differentiators
- Comprehensive Cover
- Third Party Coverage
- Workshop of Your Choice
- Third Party, Fire and Theft Coverage
7. Budget Direct
| Key Services | Car Insurance Motorcycle Insurance Travel Insurance |
| Address | 190 Clemenceau Avenue, 03-01 Singapore 239924 |
| Website | https://www.budgetdirect.com.sg/car-insurance/optional-covers |
| Phone | +65 6540 2199 |
| help@budgetdirect.com.sg | |
| Operating Hours | Mondays to Fridays, 9am to 5pm |
Budget Direct is a Singapore-based company that specializes in providing inexpensive but high-quality vehicle insurance coverage. Also, one of the best car insurance for used COE vehicles in Singapore.
They have three different tiers of coverage—TPO, TPFT, and Comprehensive—each with a variety of optional coverages such as personal accident insurance, 24-hour roadside assistance, vehicle modifications, and accessories coverage, among other things.
Budget Direct’s standard policy is ideal for personal drivers. You may further customize your plan by selecting between their two driver programs, the Authorized Driver and the Named Driver Plans. Budget Direct also makes certain that every dollar spent on your car insurance is utilized by tailoring your plan to your vehicle usage.
Key Differentiators
- 24 Hours Roadside Assistance
- Overseas Emergency Assistance
- Choose within 3 policies
8. InsureMyCar
| Key Services | Auto insurance agency |
| Address | My Mail Box (Business) No. 880336, Singapore 919191 |
| Website | https://insuremycar.com.sg/ |
| Phone | +65 8366 9933 |
| enquiry@insuremycar.com.sg | |
| Operating Hours | Monday to Friday: 9AM–7PM Saturday: 9AM–1PM |
If you’re a commercial driver, such as a Grab or Uber driver, you may want to get cheap yet useful commercial vehicle insurance. If this is the case, InsureMyCar could be of significant assistance.
InsureMyCar, a car insurance boutique, offers all sorts of automobile insurance because of its vast network of insured parties. Whether you’re searching for comprehensive, third-party, theft, or fire coverage only from a third-party source, InsureMyCar can help.
InsureMyCar also helps clients reduce their insurance costs by teaching them about technicalities. This firm even assists automobile owners in obtaining plans that are payable over 12 months with no interest.
While InsureMyCar specializes mostly in new insurance, it also includes coverage for automobile insurance renewals. Its renewal procedure is as simple as visiting its site or making a phone call.
Key Differentiators
- Third-party Only
- Third-party, Fire & Theft
- Comprehensive
Client’s Testimony
The quote given is the best-value. Not pushy and very responsive to my request. The turnaround is also fast. I am impressed with their professionalism. Highly recommended to engage their service. I will certainly go back to them again.
Chee Poh Sia
Car Insurance Singapore
Thanks for reading! We hope that this blog post has helped you to better understand car insurance and the different providers in Singapore. We also hope that it has helped you to decide which provider is right for you. If you have any further questions, please do not hesitate to contact us!
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