10 Best Car Insurance in Singapore to Feel Safe and Secure [2022]

Gotten a new car and not sure which car insurance to choose? We have compiled for you a list of the 10 best car insurance in Singapore to make sure you and your loved ones feel safe and secure.

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    We all know buying a car can be expensive in Singapore and so it is very important that we insure our car and get comprehensive coverage. Not only so, getting a car insurance can give you and your loved ones a peace of mind, knowing that you will be protected in unforeseen and unfortunate circumstances.

    Therefore, as car owners, you have to choose the right car insurance that best fit the needs of you and your loved ones. We know that with so many car insurance policies in the market, it can be really daunting to make a choice, especially for first-time car owners.

    As such, we compiled together a simple and comprehensive list of the 10 best car insurance in Singapore to make sure you and your loved ones feel safe and secure while driving.

    1. FWD Car Insurance

    fwd car insurance in singapore
    Type of informationDetails
    Websitehttps://www.fwd.com.sg/car-insurance/ 
    Highlights to Note– Good value for money, has Lifetime NCD guarantee
    – No need to name all drivers. Anyone you trust to drive your car is insured (not applicable for Classic Plan)
    – Receive up to S$80 daily transport allowance (for up to 10 days) when your car is being repaired
    Address6 Temasek Blvd, #18-01 Suntec Tower Four
    Singapore 038986
    Contact DetailsTel:
    +65 6820 8888
    Operating Hours Monday – Friday
    9:00am – 6:00pm
    (Excluding Public Holidays)
    Online Reviews4.6/5.0 – TrustPilot

    FWD is a fully digital insurer, who places a lot of priority and focus in being extremely user-friendly, providing you with a hassle-free customer experience. You can rest assured that you will get a quote and purchase your car insurance plan on their website within minutes.

    A great point about FWD car insurance is that it is relatively flexible where FWD’s coverage can extend to anyone you trust to drive your car. T&Cs apply. You can opt to pay for your car insurance in instalments with a DBS/POSB Mastercard or Visa Credit Card.

    2. Budget Direct Comprehensive

    best car insurance in singapore_budget direct insurance
    Type of informationDetails
    Websitehttps://www.budgetdirect.com.sg/car-insurance
    Highlights to Note– Some of the cheapest policies on the market
    – Can customize coverage to only pay for what you need
    – Covers cars up to 15 years old
    – Young/inexperienced driver excess is only S$500
    Address190 Clemenceau Avenue, #03-01
    Singapore Shopping Centre
    Singapore 239924
    Contact DetailsEmail:
    [email protected]

    Tel:
    65 6221 2111
    Operating HoursMonday – Friday
    8:00am – 8:00pm

    Saturday
    9:00am – 3:00pm
    (Excluding public holidays)
    Online Reviews4.6/5.0 – Feefo

    Next on the list of the 10 best car insurance in Singapore is Budget Direct, which offers some of the cheapest policies on the market. With its unbeatable premiums of almost 55% below average regardless of gender and NCD, Budget Direct would be a great fit for drivers whose priority is to minimize their costs.

    It will also be a great fit for low-risk, experienced drivers who do not mind having car insurance policies with only the bare essentials.

    Budget Direct is currently having a promotion now – Use promo code “AUTODAD” for S$100 NETS FlashPay, use Affinity ID “VALUE5” for 5% off. T&Cs apply.

    3. AIG Car Insurance

    AIG car insurance in singapore
    Type of informationDetails
    Websitehttps://www.aig.sg/personal/car-insurance
    Highlights to Note– Cover for own damage in a vehicle collision
    – Cover for fire in a vehicle collision
    – Cover for third-party property damage
    – Unlimited cover for third-party bodily hurt
    AddressAIG Building, 78 Shenton Way, Level 1
    Singapore 079120
    Contact DetailsTel:
    +65 6419 3000
    Operating HoursMonday – Friday
    9am – 5pm

    Saturday – Sunday
    Closed

    AIG Car Insurance offers a collision-only cover that helps you to save more while on the road. As most car insurance claims involve accidents with other vehicles, a AIG Car Insurance Collision-Only plan may be all you and your loved ones really need.

    AIG Car Insurance Collision-Only plan is an auto insurance plan that covers damages or losses to your car, resulting from a collision with another vehicle. The plan also includes third-party liability cover for bodily injury and property damage.

    Therefore, if you are a safe driver with lots of experience, AIG Car Insurance may just be the right car insurance plan for you.

    4. NTUC Income Car Insurance — Drivo

    ntuc-income car insurance in singapore
    Type of informationDetails
    Websitehttps://www.income.com.sg/drivo-car-insurance 
    Highlights to Note– Reputable brand with excellent roadside assistance, with Orange Force riders arriving at accident scenes to provide help anytime and anywhere
    – 30+ authorized workshops island wide
    – Discount schemes for safe driving and driving less– Mobile app designed to reduce reporting hassle for minor accidents
    Contact Detailshttps://www.income.com.sg/contact-us 
    Online Reviews4.2/5.0 – ValueChampion

    As one of the most popular car insurance in Singapore, NTUC Income Car Insurance Drivo is well-known for its emergency assistance team, Orange Force, who will come to the accident scene to arrange for medical help, vehicle removal, and help you sort out the insurance claim.

    This helps the drivers solve a huge pain point in times of accidents as they may have no idea where to begin after getting into an accident.

    5. Direct Asia Value

    directasia car insurance in singapore
    Type of informationDetails
    Websitehttps://www.directasia.com/ 
    Highlights to Note– Benefits are great for luxury car owners & families
    – Highly customisable
    – 10% discount if you insure 2nd car
    – One of the cheapest options for luxury car owners
    – Covers Grabhitch drivers
    Address20 Anson Road, #08-01,
    Singapore 079912
    Contact DetailsTel:
    +65 6665 5555
    Operating HoursMonday – Friday:
    8:00am – 6:00pm  
    (by appointment only)
    Online Reviews4.2/5.0 – ValueChampion

    If you are driving a luxury car, Direct Asia’s Comprehensive car insurance plan may be a good fit for you as it is one of the cheapest options for luxury car drivers. This is because Direct Asia’s Comprehensive car insurance in Singapore has the flexibility of customizing their coverage. Customers can have a high level of control over which features they want to include in their plan and how much coverage they want.

    Direct Asia is currently having a promotion now – Enter code ‘YECAR200’ and get $200 CapitaVouchers. Up to S$100 of Shell Fuel + 24-Hour Free Breakdown Assistance. T&Cs apply.

    6. Aviva Car Insurance

    Type of informationDetails
    Websitehttps://www.aviva.com.sg/en/insurance/car 
    Highlights to Note– Low age limit (24) for young & inexperienced driver
    – 30+ workshops, including brand authorized workshops
    – Great promo rates for NS men & civil servants
    Address4 Shenton Way, SGX Centre 2#01-01,
    Singapore 068807
    Contact DetailsTel:
    +65 6827 7988
    Operating HoursMonday – Friday
    8:45am – 5:30pm
    (Excluding Public Holidays)
    Online Reviews4.4/5.0 – ValueChampion

    If you are one of those ‘young and inexperienced drivers’, Aviva may be a good fit for you as they have a cut-off age is 24 years old. However, if you’ve had your license for less than two years, you will still have to be subjected to the higher excess.

    This means that you will have to fork out a higher amount from your pocket for repairs if you are involved in an accident. Nevertheless, Aviva will still be a great car insurance in Singapore for young drivers who still needs to brush up their driving skills.

    7. Etiqa (Tiq) Car Insurance

    tiq car insurance in singapore
    Type of informationDetails
    Websitehttps://www.tiq.com.sg/ 
    Highlights to Note– 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
    – Affordable premiums thanks to ongoing promos
    Address16 Raffles Quay, Hong Leong Building, #01-04A, Singapore 048581
    Contact DetailsEmail:
    [email protected]

    Tel:
    +65 6887 8777
    Operating HoursMonday – Friday
    8:45am – 5:30pm
    (Excluding Public Holidays)
    Online Reviews4.4/5.0 – Feefo

    Next on the list of the best car insurance in Singapore is Etiqa (also known as Tiq), who prides itself as a fast and convenient digital insurer.

    All you need to do is to submit your repair claim of up to S$5,000 online (only applicable for ‘own damage’ claims), and Etiqa can verify and pay it out in as fast as 30 minutes. Amazing, isn’t it?

    8. Great Easter Car Insurance – Drive and Save Plus

    GE car insurance in singapore
    Type of informationDetails
    Websitehttps://www.greateasternlife.com/sg/en/personal-insurance/our-products/car-insurance/drive-and-save-plus.html 
    Highlights to Note– Choice of workshop and waiver of excess
    – High coverage and medical expense reimbursement
    – 24/7 accident assistance
    – Additional premium savings for safe drivers
    Address1 Pickering Street #01-01 Great Eastern Centre
    Singapore 048659
    Contact DetailsTel:
    +65 6248 2211
    Operating HoursMondays – Fridays:
    9:00am – 5:30pm
    (Excluding Public Holidays)

    With Great Eastern’s Drive and Save Plus Car Insurance Plan, customers will get to enjoy hassle-free claims processing and quality car repair services at your workshop of choice in the event of an accident. The plan offers one of the highest personal accident coverage in the market, of up to S$120,000 and medical reimbursement for both driver and passengers.

    There will also be a 24/7 towing assistance in case of accidents anywhere in Singapore, West Malaysia and Thailand. With Great Eastern’s Drive and Save Plus car insurance plan, you can be assured that you and your loved ones can drive to anywhere safe and secure.

    9. HL Assurance Comprehensive

    HL-assurance car insurance in singapore
    Type of informationDetails
    Websitehttps://www.hlas.com.sg/ 
    Highlights to Note– Competitively priced
    – One of the highest 50% NCD discounts
    – Provides great value for experienced drivers
    Address11 Keppel Road #11-01 ABI Plaza
    Singapore 089057
    Contact DetailsTel: +65 6702 0202
    Operating HoursMondays – Fridays:
    9:00am – 6:00pm
    (Excluding Public Holidays)
    Online Reviews4.0/5.0 – ValueChampion

    HL Assurance Comprehensive car insurance in Singapore would provide great value for safe drivers with plenty of driving experience. To purchase HL Assurance Comprehensive, you will need to be between the age of 27 and 65. Young or inexperienced drivers will have to pay a higher excess of S$3,000.

    Therefore, with its restrictive age limits for policy purchase and high inexperienced YIDR, HL Assurance Comprehensive will only provide great value for more experienced drivers.

    If you are interested in purchasing HL Assurance Comprehensive, you can get to enjoy 25% off and free car servicing. So wait no further and grab one now!

    10. MSIG Car Insurance — MotorMax

    msig car insurance in singapore
    Type of informationDetails
    Websitehttps://www.msig.com.sg/ 
    Highlights to Note– Reputable brand with 30+ authorized workshops
    – Offers car loan protection of S$100,000 in the event of death (for MotorMax Plus policy only)
    Address4 Shenton Way #21‑01 SGX Centre 2
    Singapore 068807
    Contact DetailsTel:  +65 6827 7602
    Operating HoursMonday – Friday
    8:45am – 5:30pm
    (Excluding Public Holidays)

    As one of the longer-standing insurance companies for car insurance in Singapore, MSIG is a well known and trusted brand among many. Aside from its solid reputation, MSIG also offers a car loan protection benefit.

    This means that in the case where the car owner passes away, MSIG will pay off the remaining car loan so that the surviving family members will not have to worry about the debt. This comes as a huge relief for many as cars in Singapore are so expensive.

    Conclusion

    Do you have any reviews and comments to share regarding our choices for the best car insurance in Singapore?

    While SBO is committed to supporting our local businesses, we welcome any feedback and anonymous sharing regarding your experience with the listed outdoor furniture in Singapore.

    We hope that this guide will be useful in helping you to make an informed decision when it comes to finding the best car insurance in Singapore.

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