Best car insurance in Singapore in 2025
- How does car insurance work in Singapore?
- What does auto insurance cover?
- What is typically not covered by car insurance?
- How much does car insurance cost in Singapore?
- The best car insurance in Singapore
- How to lower the cost of your car insurance policy?
- FAQ
Did you know that car insurance is not just recommended but absolutely mandatory for all drivers in Singapore? Even a minor accident can leave you facing thousands in repair or medical bills, and without proper coverage, you’ll have to pay these costs yourself. On top of that, Singapore’s busy roads and high vehicle density mean fender-benders and theft are not uncommon, making protection a practical necessity.
The law requires at least Third Party Liability insurance for every car, but many drivers discover too late that bare-minimum coverage does not protect them from fire, theft, or accidental damage to their own vehicle. Thanks to big differences in policy terms, excesses, and exclusions, knowing what your plan covers—and what it does not—makes all the difference when it matters most. Comparing policies is the only way to get the right protection at the right price.
At HelloSafe, our independent experts analyze and compare the leading insurance providers in Singapore. Our mission is to help you make informed choices, ensuring you find the optimal balance between cost, benefits, and peace of mind.
How does car insurance work in Singapore?
Car insurance in Singapore is compulsory for all registered vehicles and protects both drivers and third parties from the financial consequences of road accidents. The required basic coverage, known as Third Party Only (TPO), focuses on compensation for injury and property damage caused to others, while drivers can select more comprehensive options for their own vehicle’s protection. Policies are provided by private insurers and offer varying levels of reimbursement, excess payments, and optional add-ons.
Choosing the right car insurance in Singapore ensures you remain compliant with local regulations and can avoid heavy out-of-pocket expenses. Insurers provide flexible plans adapted to different driving profiles, budgets, and preferences, with separate coverage for frequent commuters or occasional drivers. Some plans also offer international coverage, valuable for cross-border travel into Malaysia or Thailand. A tailored policy provides peace of mind and financial security on Singapore’s busy roads.
What does auto insurance cover?
Car insurance in Singapore always includes at least Third Party Only (TPO) cover, which is required by law and protects you against liabilities for bodily injury and property damage caused to others. Optional add-ons and higher levels of cover, such as Third Party, Fire and Theft (TPFT) or Comprehensive plans, include additional benefits like cover for theft, fire, vandalism, and even damage to your own vehicle. The principle of reimbursement generally means you pay costs up front, submit a claim to your insurer, and receive compensation minus any applicable excess (deductible). Excess amounts and eligibility are clearly stated in your policy and vary depending on the type of claim or the driver’s profile.
Some insurers may impose waiting periods or conditions, especially for new policies or specific add-ons. It’s important to read your contract carefully to understand what is included and when cover takes effect.
| Type of cover | Basic Legal Coverage (TPO) | Mid-range (TPFT) | Full Coverage (Comprehensive) |
|---|---|---|---|
| Bodily Injury | ✅ | ✅ | ✅ |
| Property Damage | ✅ | ✅ | ✅ |
| Uninsured/Underinsured Motorist (UM/UIM) | ❌ | Optional | Optional |
| Theft | ❌ | ✅ | ✅ |
| Vandalism | ❌ | Optional | ✅ |
| Natural Disasters | ❌ | Optional | ✅ |
| Fallen Objects | ❌ | Optional | ✅ |
| Animal Collisions | ❌ | Optional | ✅ |
| Broken Glass | ❌ | Optional | ✅ |
| Collision | ❌ | ❌ | ✅ |
| Medical Payments (MedPay) | ❌ | Optional | Optional |
| Personal Injury Protection (PIP) | ❌ | ❌ | Optional |
| Roadside Assistance | ❌ | Optional | Optional |
| Rental Reimbursement | ❌ | Optional | Optional |
| Gap Insurance | ❌ | Optional | Optional |
| Custom Parts & Equipment Coverage | ❌ | Optional | Optional |
| Ride-sharing Coverage | ❌ | n/a | Optional |
| New Car Replacement or Better Replacement | ❌ | n/a | Optional |
| Accident Forgiveness | ❌ | n/a | Optional |
What is typically not covered by car insurance?
Car insurance policies in Singapore typically do not cover claims resulting from intentional damage, as well as losses due to normal wear and tear or mechanical breakdowns. Coverage is also excluded if the driver was under the influence of drugs or alcohol, or if the vehicle was driven by a person not named or authorised in the policy. Personal belongings inside the car are generally not covered under standard policies. Claims may be denied if you exceed coverage limits, use the vehicle for unapproved purposes (like commercial hire), or if you drive outside the approved geographical area. Waiting periods are rare, but strict adherence to policy terms is essential to avoid denied claims.
| Exclusion type | Example | Good to know |
|---|---|---|
| Intentional Acts | Deliberate damage to your own car or insurance fraud | Always excluded, may result in policy cancellation or legal action |
| Vehicle Condition & Use | Mechanical breakdown, wear and tear, unauthorised modifications | Normal maintenance is owner’s responsibility; keep car roadworthy |
| Legal/Administrative | Driving under the influence of alcohol/drugs; unapproved driver | Named driver/authorised driver and sobriety clauses are strict |
| Personal Belongings | Stolen laptop or valuables from vehicle | Most policies exclude personal items unless extra cover taken |
| Policy Limits | Claim exceeds sum insured; illegal or undeclared vehicle use | Claims above your limit will not be paid; business use is often excluded |
| Geographical/External Risks | Driving outside Singapore, war, natural disasters | Trips to Malaysia/Thailand sometimes included—check your policy |
How much does car insurance cost in Singapore?
Car insurance premiums in Singapore are influenced by several factors, including the driver's age, driving experience, previous claims, and driving history—young or less experienced drivers usually pay more due to higher risk profiles.
Premiums are also dictated by the type of coverage selected (liability only versus full coverage), the chosen deductible, and the value, age, and model of the insured vehicle—high-value or performance cars bring significantly higher rates.
Location plays a crucial role, as drivers in areas with higher accident, theft, or vandalism rates are charged more in anticipation of increased claims.
Additional factors impacting price include annual mileage, intended vehicle use (private or commercial), and whether the driver has prior traffic violations or at-fault accidents, all of which tend to raise premiums.
Premiums typically rise after at-fault claims, adding extra coverage options, changing to a newer or higher-risk car, accumulating traffic offenses, or as the driver ages beyond a certain threshold and is considered higher risk.
| Driver's Age | Coverage Level | Monthly premium (low-risk location) | Monthly premium (high-risk location) |
|---|---|---|---|
| 25 | Liability only | SG$120 | SG$180 |
| 25 | Full coverage | SG$250 | SG$330 |
| 45 | Liability only | SG$80 | SG$120 |
| 45 | Full coverage | SG$180 | SG$260 |
| 65 | Liability only | SG$110 | SG$170 |
| 65 | Full coverage | SG$210 | SG$290 |
The best car insurance in Singapore
Best for everyday commuting (school/work)
NTUC Income “Drivo Classic” offers reliable coverage for daily commuters, with comprehensive protection that includes third-party, fire, and theft, plus own damage. The plan covers up to SG$20 million for third-party liability and offers value-added extras such as 24/7 roadside assistance and flexible repair options. It’s ideal for those who drive regularly to work or school, ensuring quick claims and easy panel workshop access.
Best for families with multiple vehicles
AXA Singapore “SmartDrive Multipolicy” is a strong choice, allowing families to insure multiple vehicles under one policy for discounts of up to 15%. It provides comprehensive coverage (own damage, liability, fire/theft) for each car, includes personal accident benefits (SG$50,000), and offers family-friendly features such as free child seat replacement in the event of an accident.
Best for tight budgets
Budget Direct “Value Plan” is tailored for cost-conscious drivers, providing affordable third-party only and third-party, fire and theft policies with an option to increase the excess to reduce premiums. Coverage is basic but adequate for legal compliance—third-party liability up to SG$5 million—and is ideal for budget-focused users who don’t need comprehensive cover.
Best for expats or international drivers
FWD “Executive Motor Insurance” is well-suited for expats, offering seamless digital onboarding, international driving permit acceptance, and English-language customer support. The comprehensive plan covers liability, collision, theft, and even extends to rental car benefits (up to 10 days). Fast digital claims and no-claims discount transferability are key advantages for internationals.
Best for senior drivers
Etiqa “Private Car Insurance” caters to older drivers, providing competitive premiums for those with clean records and a host of senior-friendly benefits. With coverage up to SG$5 million for third-party liability, personal accident cover up to SG$120,000, and flexible medical expense add-ons, it’s a prudent choice for senior motorists valuing safety and affordability.
Best for students or young drivers
MSIG “MotorMax” is designed for younger or first-time car owners, featuring affordable comprehensive coverage and driver age and experience discount options. It includes up to SG$5 million for liability, covers own damage, and provides student-friendly extras like 24/7 emergency assistance and accident reporting via mobile app. Young drivers may also benefit from monthly payment options.
Best for flexibility and digital control
Singlife “Car Insurance Flexi” appeals to digital-savvy users needing flexible plans, offering policy management, claims submission, and even policy suspension for inactive periods—all online. The comprehensive option includes SG$5 million third-party property coverage, roadside assistance, and quick digital payouts, making it perfect for tech-oriented, flexible motorists.
How to lower the cost of your car insurance policy?
Practical Ways to Lower Your Car Insurance Premiums in Singapore:
- Compare offers: Use our HelloSafe comparison tool at the top of the page to quickly find and secure the best value car insurance in Singapore.
- Increase your excess: Opting for a higher voluntary excess reduces your premium, but make sure you can cover that out-of-pocket cost if you need to make a claim.
- Maintain a clean driving record: Safe, incident-free driving not only prevents additional charges but often qualifies you for no-claim discounts with many insurers.
- Choose authorized workshop plans only if necessary: Selecting insurer-preferred repair workshops instead of open workshop plans usually offers savings on your premium.
- Limit your annual mileage: If you drive less than average, inform your insurer since lower mileage is considered less risky and can lead to discounted rates.
- Bundle your policies: Combining car insurance with home or other types of insurance from the same provider may entitle you to a multi-policy discount.
- Consider telematics or usage-based insurance: Some insurers offer plans where your actual driving behaviour can lead to more personalized, and often lower, premiums.
- Install anti-theft devices: Enhanced vehicle security reduces the risk of theft and many insurers will reward this with premium deductions.
FAQ
What types of car insurance are available in Singapore?
Singapore offers three main types of car insurance: Third Party Only, Third Party Fire & Theft, and Comprehensive cover. Comprehensive plans provide the most protection, including damages to your own vehicle, while Third Party plans are the minimum legal requirement and cover only third-party liability.
How is my car insurance premium calculated in Singapore?
Premiums are determined by factors such as your age, driving experience, claims history, car type, usage, and even where you park your vehicle. Insurers also consider the market value of your car and any add-on coverage selected when pricing your premium.
Is car insurance mandatory in Singapore?
Yes, it is mandatory by law in Singapore to have at least Third Party Only insurance to drive your vehicle on public roads. This minimum requirement ensures you are financially protected if you cause injury or damage to others while driving.
Can I transfer my No-Claim Discount (NCD) to another insurer?
You can transfer your No-Claim Discount to a new insurer when you switch providers at renewal, but NCDs are not transferable between drivers. If you purchase a new car or change insurance company, your NCD accrued remains available under your name as long as there is no break in coverage.
What is the excess, and how does it affect my claim?
The excess is the amount you must pay out-of-pocket if you make a claim. Choosing a higher excess often lowers your premium, but make sure it remains affordable. The excess is applied per accident and can vary depending on your driver profile and the insurance plan.
Can I drive my car into Malaysia with Singapore car insurance?
Most Comprehensive car insurance plans in Singapore include coverage for West Malaysia and Southern Thailand within policy terms, but the extent and duration of this coverage may differ, so it’s important to check with your insurer before you travel.
What is covered under Comprehensive car insurance in Singapore?
Comprehensive insurance covers damage to your own vehicle, third-party liabilities, theft, fire, and damage from floods or natural disasters. Some policies include additional perks like 24-hour roadside assistance, towing services, and coverage for certain personal items.
What should I do if I am involved in a car accident in Singapore?
If you are involved in an accident, ensure your safety, exchange particulars with other drivers, and document the scene with photos if possible. Report the incident to your insurer within 24 hours or the next working day, even if no claim will be made, as non-reporting may affect your claims eligibility.
Can I add additional drivers to my car insurance policy?
Most insurers in Singapore allow you to name additional drivers on your policy, though there may be extra charges or requirements if they are young or inexperienced. Declaring all regular drivers helps avoid claim disputes and complications.
How can I reduce my car insurance premiums in Singapore?
Maintain a clean driving record, build up your No-Claim Discount, compare quotes regularly, and consider installing security devices in your car. Opting for higher excesses or choosing only necessary coverage can also help bring down your annual premium.
What types of car insurance are available in Singapore?
Singapore offers three main types of car insurance: Third Party Only, Third Party Fire & Theft, and Comprehensive cover. Comprehensive plans provide the most protection, including damages to your own vehicle, while Third Party plans are the minimum legal requirement and cover only third-party liability.
How is my car insurance premium calculated in Singapore?
Premiums are determined by factors such as your age, driving experience, claims history, car type, usage, and even where you park your vehicle. Insurers also consider the market value of your car and any add-on coverage selected when pricing your premium.
Is car insurance mandatory in Singapore?
Yes, it is mandatory by law in Singapore to have at least Third Party Only insurance to drive your vehicle on public roads. This minimum requirement ensures you are financially protected if you cause injury or damage to others while driving.
Can I transfer my No-Claim Discount (NCD) to another insurer?
You can transfer your No-Claim Discount to a new insurer when you switch providers at renewal, but NCDs are not transferable between drivers. If you purchase a new car or change insurance company, your NCD accrued remains available under your name as long as there is no break in coverage.
What is the excess, and how does it affect my claim?
The excess is the amount you must pay out-of-pocket if you make a claim. Choosing a higher excess often lowers your premium, but make sure it remains affordable. The excess is applied per accident and can vary depending on your driver profile and the insurance plan.
Can I drive my car into Malaysia with Singapore car insurance?
Most Comprehensive car insurance plans in Singapore include coverage for West Malaysia and Southern Thailand within policy terms, but the extent and duration of this coverage may differ, so it’s important to check with your insurer before you travel.
What is covered under Comprehensive car insurance in Singapore?
Comprehensive insurance covers damage to your own vehicle, third-party liabilities, theft, fire, and damage from floods or natural disasters. Some policies include additional perks like 24-hour roadside assistance, towing services, and coverage for certain personal items.
What should I do if I am involved in a car accident in Singapore?
If you are involved in an accident, ensure your safety, exchange particulars with other drivers, and document the scene with photos if possible. Report the incident to your insurer within 24 hours or the next working day, even if no claim will be made, as non-reporting may affect your claims eligibility.
Can I add additional drivers to my car insurance policy?
Most insurers in Singapore allow you to name additional drivers on your policy, though there may be extra charges or requirements if they are young or inexperienced. Declaring all regular drivers helps avoid claim disputes and complications.
How can I reduce my car insurance premiums in Singapore?
Maintain a clean driving record, build up your No-Claim Discount, compare quotes regularly, and consider installing security devices in your car. Opting for higher excesses or choosing only necessary coverage can also help bring down your annual premium.
