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Ultimate Driver's Guide to the Best Car Insurance in Singapore

profileKenneth Fong

So you’ve done the math and figured that you can afford the monthly cost of a car comfortably.

After paying the downpayment for your brand new ride.

Congratulations!

Now comes the next cheem part: car insurance.

Ugh.

And like all other forms of insurance.

Buying a car insurance policy can be a lengthy, complex, and downright expensive undertaking.

Especially if you’re not discerning enough to pick out the right one for your needs.

Source: imgflip

To help make things slightly easier, we’ve created this ultimate guide so you can figure out which is the best car insurance for you.


TL;DR: Which Is the Best Car Insurance for Me?

Good ForInsurer
Budget-ConsciousDirectAsia, Etiqa, NTUC
Family-OrientedAviva, FWD
Young & Inexperienced DriversAviva, Etiqa
Late 20s & OlderDirectAsia, FWD, HL Assurance
Safe DriversFWD, MSIG, NTUC
Highly Dependent On CarAIG
Peace Of Mind During AccidentsAviva, NTUC, Sompo

Want to know more about car insurance?

We also have a car insurance review section where the Seedly community has shared what’s great (or not so great) about the various car insurances.

Be sure to check it out!


How to Choose the Best Car Insurance in Singapore

This guide contains:

  • A comparison of comprehensive car insurance plans only
  • Optional benefits and add-ons are not included in the comparison
  • However, special features which deserve a shoutout will be highlighted

Disclaimer: We’re going to give recommendations to the best of our ability and knowledge. But it’s best that you do your homework or talk to the various insurers to get a better idea of what you’re buying before you commit to any plan.

Don’t see a particular insurer? Don’t worry! Just bookmark this article first. We’re constantly updating it as we go!

AIG Car Insurance

Here’s a look at AIG’s comprehensive car insurance plans.

 AutoValueAutoPlanAutoPlus
Workshop AIG authorised workshopsAnyDealer or AIG authorised workshop for cars (< 3 years old)

If not, AIG authorised workshops
Replacement Car-Yes (cars up to 3 years old that are damaged beyond economical repair)Yes (cars up to 3 years old that are damaged beyond economical repair)
Excess Waiver--$1,000 for 50% NCD
$500 for <50% NCD
Perks--Unlimited use of courtesy car
roadside assistance (eg. tyre change)
24-hour towing after an accidentUp to $500 per accidentUp to $300 per accidentUp to $500 per accident
Cover for car key
(Cost of replacing car lock and key if key is stolen)
Up to $800Up to $800Up to $800
Windscreen replacement cover
(Excess of S$100 applies)
UnlimitedUnlimitedUnlimited
Best ForOlder cars (no more warranty)
Second hand cars
Parallel imports
Cars up to 3 years oldCars up to 3 years old

AIG Car Insurance Highlights

  1. Free NCD Protector on your 50% No Claim Discount (NCD) when you renew, for AutoPlan and AutoPlus
  2. Unlimited use of AIG’s courtesy car for AutoPlus as long as your vehicle is still in the midst of being repaired
  3. Excess waiver of up to S$1,000 for in car-camera video footage during accidents to help with fraudulent claims

Our Recommendations

  • Not for the budget-conscious due to the many benefits packaged
  • Go for the AutoPlan or AutoPlus to get the most out of your money
  • Good if you have a new car (3 years old or newer)
  • Great option if you are highly dependent on your car for daily use (eg. sending your kids to school) or livelihood (eg. insurance agents)

AIG Car Insurance Review

Aviva Car Insurance

Aviva offers 3 types of comprehensive car insurance plans.

 LiteStandardPrestige
WorkshopAuthorisedAuthorised
Pay double excess for non-authorised
Dealer's workshop for cars (< 3 years old)
If not, Authorised
Replacement CarYes (cars up to 1 year old)Yes (cars up to 1 year old)Yes (cars up to 2 years old)
Young & Inexperienced Driver (<24 years old or license <2 years old) Excess$2,500$2,500$0
Medical Expenses
(For driver and passengers)
$500$2,500$5,000
Windscreen Excess Payment$100$100$0
Damage to third party's propertyUp to $5 millionUp to $5 millionUp to $5 million
Perks--Car crash detector
Auto eCall assistance
Best ForOlder cars (no more warranty)
Second hand cars
Parallel imports
Same as LiteNew premium cars
Families with young drivers

Aviva Car Insurance Highlights

  1. Preferential rates for drivers with Aviva MINDEF/ MHA group insurance (including spouse, children, parents and siblings)
  2. Prestige comes with a Bosch smart sensor detector + eCall assistance (automatically calls for help)
  3. Dual-Year Plan option allows customers to lock in current rates by purchasing policy of a 2-year period, saving money with this arrangement
  4. One of the youngest limits for young & inexperienced driver excess (24 years old)

Our Recommendations

  • Opt for Lite if you’re a young & inexperienced driver
  • Opt for Prestige if you:
    • Just bought a new car
    • Have kids who just got their driving license
    • Have bad dreams that your kids will get into a freak accident and somehow manage to flip the car over

Aviva Car Insurance Review

AXA Smartdrive Car Insurance

There are a total of 7 AXA car insurance plans, allowing drivers to find one according to their own customised needs.

These plans can be broadly split into 2 types: SmartDrive Essential (limited to AXA authorised workshops only) and SmartDrive Flexi (any workshop).

 SmartDrive EssentialSmartDrive Essential+SmartDrive PeaceSmartDrive For HerSmartDrive FlexiSmartDrive Flexi+SmartDrive Flexi Family
WorkshopAuthorisedAuthorisedAuthorisedAuthorisedAnyAnyAny
Replacement Car-------
Daily Transport Allowance-Yes-Yes-Yes-
Medical & Dental Expenses-Up to $5,000 per personUp to $5,000 per personUp to $5,000 per personUp to $5,000 per personUp to $5,000 per personUp to $5,000 per person
Guaranteed Repair (for 12 months)YesYesYesYes---
Young & Inexperienced Driver (<27 years old) Excess$2,500 ($5,000 for own workshop)$2,500 ($5,000 for own workshop)$2,500 ($5,000 for own workshop)$2,500 ($5,000 for own workshop)$2,500 ($5,000 for own workshop)$2,500 ($5,000 for own workshop)Waived
Higher Flood Protection--YesYesYes-Yes
Perks-110% of car's market value insured

Delivery of repaired car
Loss of personal effects

Delivery of repaired car
Phone assistance & roadside support-110% of car's market value insured

Delivery of repaired car
Loss of personal effects

Waiver or named young or inexperienced driver excess
Best ForOlder cars (no more warranty)

Second hand cars

Parallel imports

Drivers on budget
More expensive second hand cars

Parallel imports

Highly dependent on car
Same as Essential+For younger female drivers who need more assistanceNew cars under warranty

Drivers on budget
New cars

Highly dependent on car
New cars under warranty

Drivers with kids who just got their license

Our Recommendations

  • Choose SmartDrive Essential plans if you own a car that is no longer under warranty – can claim as long as you go to an authorised workshop.
  • Conversely, SmartDrive Flexi plans are best for new cars that are still under warranty.

AXA Smartdrive Car Insurance Review

DirectAsia Car Insurance

DirectAsia has a wide range of car insurance plans to fit almost any driver, requirement, and age. Here’re the core plans you’ll start with:

 ComprehensiveSOS
WorkshopAnyAuthorised
Replacement CarYes (cars up to 3 years old)-
Young & Inexperienced Driver (<30 years old or license <2 years old) ExcessNot imposed but must be listed as Named DriverNot applicable
Medical ExpensesUp to $3,000Up to $3,000
Compensation for Loss of Use$50 per day (max 10 days)-
Perks24-hour breakdown assistanceA second chance for comprehensive coverage despite your history of accidents
Best forSeasoned drivers
>30 years old
Drivers who can't get insured elsewhere

Once done, you can choose from 3 flexible Driver Plans or add any optional benefits to your heart’s content.

DirectAsia Car Insurance Highlights

  1. All plans come with a Lifetime Repair Warranty at DirectAsia authorised workshops
  2. If you’ve held 50% NCD for the last 5 consecutive years, you qualify for the DirectAsia exclusive NCD60 and get an extra 10% discount off your base premium
  3. SOS car insurance (a DirectAsia-only offer) if within the last 3 years, you or any of your drivers had 2 or more at fault accidents OR had your/their insurance refused or terminated

Our Recommendations

  • Choosing a DirectAsia car insurance plan means cheaper premiums as you’ll only be opting in for the features you want
  • The NCD60 discount is a no-brainer for safe drivers, it’s also an immediate benefit unlike ‘for life’ NCD schemes where you will only see the benefit in the unfortunate event that you have to make a claim.

DirectAsia Car Insurance Review


Etiqa Private Car Insurance

Etiqa keeps it simple with just one plan.

 Comprehensive
WorkshopAuthorised
Replacement Car-
Accidental Loss or Damage to Accessories and Spare PartYes
Towing to repairers or places of safety following accidentUp to $200
Personal Accident Benefits Up to $50,000
Medical ExpensesUp to $1,000
Windscreen Cover Excess$100
Young, Elderly or Inexperienced Driver (<24 years old, >75 years old, or license <2 years old) Excess$2,000
PerksDaily transport allowance ($50 per day, up to max of 5 days)
Best ForOlder cars

Second hand cars

Parallel imports

Seasoned drivers who know what to do during a traffic accident

Etiqa Private Car Insurance Highlights

  1. Relatively high personal accident cover ($50,000) for a no-frills plan
  2. Offers optional Sun/Moon Roof Cover (up to $2,000) which allows you to claim for repairs and NOT affect your NCD
  3. Offers optional damage coverage of up to $1,000 for solar film
  4. One of the youngest limit for young & inexperienced driver excess (24 years old), but relatively high excess charged ($2,000)

Our Recommendations

  • Ideal for the budget-conscious, as they always have frequent Etiqa car insurance promos
  • Etiqa’s coverage might seem a little scant especially if you’ve bought a new car, or if you expect a higher level of service
  • Great for seasoned drivers who know how to handle a traffic accident on their own

Etiqa Private Car Insurance Review

FWD Car Insurance

FWD has 3 comprehensive car insurance plans to choose from.

 ClassicExecutivePrestige
WorkshopAuthorisedAuthorisedAuthorised
Replacement CarYes (cars up to 1 year old)Yes (cars up to 1 year old)Yes (cars up to 1 year old)
Young Driver (<27 years old) Excess$2,500$2,500$2,500
24-hour Roadside AssistanceYesYesYes
Towing Costs $300$400$500
Taxi Reimbursement After Accident$40 per occupant$60 per occupant$80 per occupant
Daily Transport Allowance$40 for up to 6 days$60 for up to 8 days$80 for up to 10 days
Perks-Use of courtesy car for 3 monthsUse of courtesy car for 3 months
Best ForOlder cars (no more warranty)
Second hand cars
Parallel imports
FamiliesFamilies with young children

FWD Car Insurance Highlights

  1. Automatic eligibility for Lifetime NCD Guarantee as long as you achieve 50% NCD and continue to renew with FWD
  2. Repairs at FWD authorised workshops have extended workmanship guarantee until your car turns 10
  3. One-time payment for children if both parents die or are permanently disabled in a car accident
    • Classic: $250,000
    • Executive: $375,000
    • Prestige: $500,000

Our Recommendations

  • The FWD Classic is good value for drivers older than 27 years old as premiums drop about 20%, can avoid the $2,500 Young Driver Excess as well
  • FWD plans, in general, are great for families due to their focus on personal accident coverage

FWD Car Insurance Review

Hong Leong Car Protect360 Car Insurance

 Car Protect360
WorkshopAny
Replacement Car-
Daily Transport Allowance$50 a day, up to a total of $1,000
24-hour Roadside Assistance Yes
Windscreen Cover Excess$100 unless windscreen is repaired at HL Assurance Appointed Windscreen Repairer
Towing After AccidentUp to $500
Excess WaiverOwn damage excess halved for repairs at HL authorised workshops
PerksComplimentary car works including free car servicing or grooming with a purchase of new car policy
Best ForNew premium cars
Seasoned drivers
>27 years old

Hong Leong Car Protect360 Car Insurance Highlights

  1. Freedom to choose your own workshop but if you choose to visit an HL Assurance authorised workshop, you get the assurance that genuine manufacturers’ parts are used and it comes with a 9-month repair warranty
  2. Own Damage Excess is halved when you choose to repair your vehicle at any of the HL Assurance approved workshops
  3. Personal accident benefits for the policyholder, authorised driver and passengers:
    • Policyholder: Up to $20,000
    • Authorised Driver: Up to $10,000
    • Passengers: Up to $10,000

Our Recommendations

  • Best for seasoned and safe drivers who have a few years of driving experience and a high NCD:
    • Due high young & inexperienced driver (<27 years old, <2 years driving experience) excess ($,3000)
    • A high NCD will help offset the premiums which are on the slightly higher side
  • Not much flexibility in customisation less an NCD protector

Hong Leong Car Protect360 Car Insurance Review

Liberty Insurance Private Car Insurance

 

Liberty Insurance keeps it simple by offering just one comprehensive car insurance.

 Comprehensive
Replacement Car-
Daily Transport Allowance$50 a day, up to a total of $1,000
24-hour Roadside Assistance Yes
Towing After AccidentUp to $300
Excess WaiverYes
PerksLoss of use benefit for up to 5 days (rental car 1.6L)
Best ForNew premium cars
Seasoned drivers
>27 years old

Liberty Insurance Private Car Insurance Highlights

  1. Loss of use benefit for up to 5 days in the event of accident repairs

Our Recommendations

  • Great for seasoned drivers looking for basic coverage

MSIG MotorMax Car Insurance

MSIG offers 2 auto insurance plans: MotorMax and MotoMax Plus.

 MotorMaxMotorMax Plus
WorkshopAuthorisedAny
Replacement Car-Yes (cars up to 1 year old)
Personal Accident Benefits$20,000 (Policyholder)
$10,000 each (Authorised driver and/or passenger)
$100,000 (Policyholder)
$50,000 each (Authorised driver and/or passenger)
Young & Inexperienced Driver (<27 years old or license <2 years old) Excess$3,000$3,000
Loan Protection Benefits-Up to $100,000
Perks-Transport allowance ($50 per day, max 10 days)
Loan Protection Benefit
Best ForOlder cars (no more warranty)
Second hand cars
Parallel imports
New cars under warranty

MSIG MotorMax Car Insurance Highlights

  1. MotorMax Plus offers a Loan Protection Benefit that pays your outstanding car loan (up to $100,000) in event of accidental death

Our Recommendations

  • Highly beneficial for safe drivers

MSIG MotorMax Car Insurance Review

NTUC Income Drivo Car Insurance

NTUC Income has three comprehensive plans to choose from, one of which is specifically for Porsche owners.

 Drivo ClassicDrivo PremiumDrivo Prestige
WorkshopAuthorisedAnyAny
Replacement Car---
Excess WaiverNot applicableCan purchase cover to waive standard excess of $600Can purchase cover to waive standard excess of $600
Perks---
Best ForOlder cars (no more warranty)

Second hand cars

Parallel imports
New cars under warrantyIf you drive a Porsche Panamera, Cayenne, Cayman, Boxster, 911

NTUC Income Drivo Car Insurance Highlights

  1. Orange Force: a first-aid trained Orange Force rider will arrive within 20 minutes to provide advice, take photos, record your statement, ensure your safety, assist in removing your vehicle (if necessary), arrange for alternative transportation or medical attention.
  2. Enjoy up to 35% discount if you clock less than 9,000km a year under the NTUC FlexiMileage scheme
  3. Get up to 25% discount on your Drivo premiums by participating in the NTUC Drive Master program

Our Recommendations

  • Opt for Drivo Classic if you have an older car and don’t mind going to NTUC Income authorised workshops
  • Choose Drivo Premium if you have a new car under warranty and don’t see your dealer’s workshop in the list of authorised workshops
  • Highly beneficial for safe drivers or drivers who aren’t heavy road users. Note: You can only pick either the FlexiMileage or Drive Master scheme. Any discount gotten can be stacked on existing NCD or NTUC loyalty discounts.
  • A great choice if you don’t mind paying a bit more for peace of mind during traffic accidents or situations

NTUC Income Drivo Car Insurance Review

Sompo Private Car Insurance

A Japanese insurer that offers comprehensive car insurance plans with attractive features.

 ExcelDrive FocusExcelDrive GoldExcelDrive Prestige
WorkshopAuthorisedAuthorisedAny
Replacement Car---
Excess WaiverLimited to 50% or $600Full (up to $1,000)Full (up to $1,000)
Perks-Transport allowance
Free NCD Protector
Transport allowance
Free NCD Protector
Best ForOlder cars (no more warranty)
Second hand cars
Parallel imports
Same as FocusNew cars under warranty

Sompo Private Car Insurance Highlights

  1. 24-hour Emergency Mobile Accident Response Service (MARS): an officer will arrive within 20 minutes to provide advice, take photos, complete accident statements, and perform E-filing of claims. They’ll even recommend the nearest authorised workshop and arrange for towing.
  2. Free NCD Protector if your NCD is 30% and above – not applicable for ExcelDrive Focus
  3. Relatively high transport allowance at $100 for 10 days as compared to a more typical $50 for 5 days – not applicable for ExcelDrive Focus
  4. Full excess waiver on first claim only if done at an authorised workshop – only 50% and capped at $600 for ExcelDrive Focus

Our Recommendations

  • Not really for the price-conscious
  • If you’re going for the ExcelDrive Focus, consider upping your budget for the ExcelDrive Gold to take advantage of the abovementioned highlights
  • A great choice if you don’t mind paying a bit more for peace of mind during traffic accidents or situations

Sompo Private Car Insurance Review

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About Kenneth Fong
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