The Finest Car Insurance in Singapore

Take a ride through Singapore’s car insurance industry, where safety meets freedom of the road. We negotiate the complex maze of insurance choices intended to protect your four-wheeled friend in our extensive guide. Join us as we explore the world of auto insurance to make sure your travels are safe, secure, and covered—from coverage necessities to customized policies. Welcome to the world of Singaporean auto insurance, where you may go every mile with the assurance that well-thought-out protection brings.

Best Car Insurance in Singapore

1

Allianz

Cheap premiums do not usually imply a reduction in coverage. Not only does Allianz Motor Protect provide a lifetime warranty on repairs to ensure that the work done on your car is done correctly, but they also provide a complimentary courtesy car for every day your car is in the shop for repairs, up to ten days per accident or breakdown. These advantages, however, are only available to subscribers of their complete plan.

2

FWD

FWD makes a concerted effort to be exceptionally user-friendly as a wholly digital insurer. You can get an estimate and purchase your vehicle insurance plan on their website in just a few minutes. FWD is also the only insurer that offers a lifetime 50% NCD, rewarding all drivers who drive safely. You can keep your 50% No Claim Discount as long as you renew with FWD after your No Claim Discount reaches 50%.

3

MSIG

MSIG is one of Singapore’s oldest vehicle insurance firms, with a well-established network of over 30 authorized workshop locations. This service would appeal to more conservative, brand-conscious drivers. We like that MSIG offers a car loan protection benefit in addition to having a good reputation. MSIG will pay off the loan if the automobile owner dies, so the surviving family does not have to worry about the debt. Given the high cost of automobiles in Singapore, this function is a must-have.

4

HLAS

HLAS Car Protect360 gives you the option of sending your vehicle to your preferred car shop or one of HLAS’ 20+ high-quality shops. Repairs performed at an HLAS-approved workshop will result in lower excess premiums, as well as the assurance of genuine manufacturer’s parts and a complete nine-month repair warranty. If your automobile repairs take three days or longer, HLAS car insurance includes a daily transportation payment of S$50 per day, up to a maximum of S$1,000. In the case that your automobile breaks down, they also offer roadside assistance 24 hours a day, 7 days a week.

5

Singlife with Aviva

Young and inexperienced drivers are insured by car insurance companies, but they pay a far higher excess (the amount you pay out of pocket for repairs) if they are involved in an accident. This may be off-putting to young drivers and those who have recently obtained their driver’s license. Singlife with Aviva is one of the more forgiving insurers when it comes to young driver coverage, which is why we highlight it. While most insurers consider anyone under the age of 27 to be in this high-risk group, Singlife with Aviva considers anyone beyond the age of 24 to be in this group.

6

NTUC Income

For good reason, NTUC Income is one of Singapore’s most popular vehicle insurance providers. Orange Force, the company’s emergency support team, is well-known for arriving at the site of an accident to arrange for medical treatment and vehicle removal, as well as assisting you with your insurance claim. This is a huge selling factor for drivers who don’t know where to start after an accident. We recommend NTUC Income to drivers who would benefit from this type of assistance, especially if they are worried about the accident.

7

AIG

AIG is one of the most well-known insurance firms in the world, as well as Singapore’s preferred car insurer. The Collision-Only plan covers only collision-related accidents, such as collisions with other vehicles, hit-and-run damages, and fire protection (if your car catches fire as a result of a collision with another vehicle). The plan also includes up to S$5,000,000 in coverage for third-party property damage and unlimited coverage for third-party death or injury.

8

Etiqa

Because Etiqa (formerly known as Tiq) is a digital insurer, you can expect a quick and straightforward purchasing process. They’ve even simplified the claims process. Simply submit your up to S$5,000 repair claim online (only for ‘own damage’ claims), and Etiqa will validate and pay it out in as little as 30 minutes. Etiqa also offers customizable excess for the named driver, depending on how much you’re ready to pay in excess. This allows you to get better pricing.

As we conclude our journey through the diverse landscape of Car Insurance in Singapore, you’re now well-equipped to navigate the roads with confidence and security. From comprehensive coverage to considerations tailored to your driving habits, the path to ensuring a safe ride lies ahead. Thank you for accompanying us on this exploration of safeguarding your automotive journeys. May your future drives be filled with smooth travels, confident turns, and the assurance that comes with a well-insured vehicle. Farewell from the realm of Car Insurance in Singapore—where every trip is shielded, and every destination is embraced with peace of mind. Safe travels!

Do check out our list of Health Insurance and have time to try their services.