10 Best Car Insurance in Singapore | Best of Lifestyle 2023

Car accidents are unfortunate but not unheard of on the island. This possibility leads us to seek help in covering the cost of medical bills and repairing our vehicles through car insurance. There are several types of car insurance to consider such as third party only (TPO), third party, fire, and theft (TPFT), and comprehensive. These insurance types have different coverages and not all are offered by some insurance firms. With an extensive number of car insurance in the market, which then is the best car insurance in Singapore? In our Best of Lifestyle series, we introduce the 10 Best Car Insurance in Singapore, providing quality recommendations based on your lifestyle and budget needs.

This article was last updated on 10 January 2023. 

10 Best Car Insurance in Singapore

1. FWD Insurance

Whether you are looking to insure a private or commercial vehicle, FWD has the insurance packages for you. Their comprehensive package has several benefits that include a 50% lifetime NCD guarantee and a set amount of medical expense coverage. There are also additional payments to you or your passengers in case of disability caused by the accident. While your car is being repaired, their plans provide you $80 daily as a transport allowance. Otherwise, you are given a courtesy car for up to three months if your car is permanently lost or written off. 

Meanwhile, their TPO and TFT plans are customisable and affordable to better suit your needs. These packages also cover people you trust to drive your car without having to specify names. It is also not a problem if you or another person is driving your car and your car suddenly breaks down on the side of the road. Their 24-hour roadside assistance service is ready for towing and battery jump start. In addition, there is coverage for when accidental property damage is caused by your car.

For their commercial car insurance, they also cover customisable plans and 50% lifetime NCD as long as you use them as an insurance provider. The excess allotted for repairs can also be limited to let you decide on how much you want to pay for damages or the loss of the car. One of the most beneficial features of this plan is it lets you receive an income while repairs are ongoing. The repairs done at their premium workshops are also guaranteed for defects until the car becomes 10 years old. 

2. Aviva Insurance

Known as one of the recommended insurance providers for younger drivers, Aviva Insurance has insurance plans that you can surely benefit from. This insurance provider has a cut off age of 24 years of age for their high-risk group whereas others have a cut off of 27 years old. The insurance plans they offer are Lite, Standard, and Prestige packages for car insurance. The Lite package has standard benefits for car insurance, but the Prestige package offers the most benefits that are well worth the price.

The standard benefits included in their packages include coverage for repairs, damages, and medical bills. There are also additional excesses for young and inexperienced drivers, but no excess for the Prestige package. If your car that was in an accident is less than a year old, they will fully replace your car with a new one. For their Prestige package, they can replace cars that are less than two years old. They also have an eCall smart sensor device with automatic crash detection to alert their emergency services to your location. 

3. AXA SmartDrive

One of the most well-known insurance providers in Singapore, AXA Insurance offers one of the best personal car insurance packages in their SmartDrive plan. They offer several packages that cover comprehensive, TPO, and TPFT benefit plans. With their insurance, you can have your car repaired in AXA premium workshops or any workshop of your choice. Also, you can have up to $500 coverage of towing costs and transportation costs in case of accidents. In addition to medical expense coverage, they can also cover the costs of dental services when necessary.

Other benefits include higher flood protection and coverage of personal effects in your car in case of losses alongside the car. Aside from standard benefits in their packages, you can also purchase add-ons to further customize their insurance plans. These add-ons include coverage of car accessories, double excess, and daily allowance in case of car loss. Another of the add-ons you can have is the repair or replacement of your windscreen based on the package you use. 

4. HL Assurance Car Protect360

HL Assurance Car Protect360 can provide you with car insurance coverage for the family with the benefits you need. The insurance package HL Assurance sells provides $20,000 of medical coverage for you and your family alongside the coverage for your car. For repairs on your car that takes more than three days, you are given a daily transportation allowance while you wait. In addition, new clients for their car insurance are offered several car maintenances and grooming services for free. These services include silver car servicing, a paint protection system, and a 2-in-1 aircon treatment.

5. Income Drivo

If you are worried about having immediate emergency service in case of an accident, Income’s Drivo car insurance can have it covered. Here, you can have damage, repair, and medical coverage and roadside and towing assistance. Additionally, you are given referrals for road and medical assistance in West Malaysia. One unique feature of Drivo is that you are given access to Income’s Orange Force. This is Income’s own 24/7 emergency response team that can assist with alternative transport and vehicle removal. They can also provide you with additional legal and insurance assistance when needed.

6. DirectAsia Insurance

Need a comprehensive insurance plan that can cover your family? DirectAsia Insurance has that and more. The plans they have are comprehensive, TPO, and TPFT insurance cover types. However, the comprehensive plan they offer has coverage for instances such as accidents and natural disasters. You can also have your chosen plan customized through optional benefits and driver plans. The Driver plan lets you cover drivers other than yourself that also have access to your car. This is ideal for families with multiple drivers because it can add from four to unlimited drivers. 

7. Budget Direct

With one of the most affordable insurance plans on the market, you can understand why Budget Direct is a popular choice as a car insurance provider. Their plans cover injuries and damages from accidents alongside legal costs coverage against criminal charges. It also includes a certain amount of coverage for towing services whether you are on the island or using your car overseas. Also, they offer insurance for COE cars up to 30 years old. Where cars of 0 to 15 years old can be covered with comprehensive, TPO, and TPFT. Meanwhile, cars 16 to 20 years old can have TPO and TPFT coverage and cars older than 20 years can only have TPO coverage.

8. MSIG MotorMax

A longstanding insurance provider in Singapore, MSIG has a personal car insurance plan for complete coverage against severe accidents. Aside from medical coverage, personal accident benefits, and repair coverage, you can also have transport allowances and car replacements for total car loss. They also provide 24-hour transport and medical assistance services when needed. In addition, MotorMax Plus can give loan protection benefits in case of the accidental death of the policyholder. This can help in covering any outstanding car loans left by the policyholder that is connected to the insured vehicle.

9. Etiqa Car Insurance

An insurance provider with fast service, Etiqa Car Insurance has basic benefits that are ideal for new drivers. They cover damages done by fires, theft, and natural disasters alongside coverage for damage or loss of accessories and parts. For long time clients without any demerits for the last three years, they offer a 5% discount on coverage plans. In addition, they also include child car seats that cost up to $300 in the insurance coverage for your car. You also have the freedom of having your car repaired in their multiple workshops on the island or in any workshop of your choice. 

10. SGP Car Insurance 

With SGP Car Insurance, you can have some of the most affordable insurance rates available. They can be contacted directly to have direct and professional advice on purchasing the insurance that best fits you. They can also help you in managing your insurance by sending you reminders far in advance before it expires. One advantage of this car insurance provider is that it works with multiple insurers and agencies to provide clients with competitive quotes. This can help you get the most affordable rates for insurance no matter what vehicle you drive.

We hope that our guide on the 10 Best Car Insurance in Singapore has helped you to find the best car insurance in Singapore for your vehicle insurance needs. Please share this with your family and friends if you have found it useful.

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