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How Much is My Car Insurance in Singapore?


How much is my car insurance in Singapore? Buy car insurance from leading car insurance companies in Singapore. Cheapest car insurance plans with low car insurance premiums, authorised workshops, and NCD protector to protect against unexpected claims. Based off your years of driving experience and previous claim history, receive a side by side automotive insurance quote for comprehensive insurance plans from top insurers in Singapore like NTUC Income, Allianz, Budget Direct, Etiqa, Great Eastern, ECICS, and more.


Factors that Affect Your Insurance Premium Price

Obviously, there are many factors that will affect your car insurance premium price. When issuing an auto insurance quote, most insurance companies in Singapore will base their quote off your years of driving experience, the type and price of car to be insured, and your insurance claim history. If you are a young and inexperienced driver, your insurance premiums will generally be higher. If your car is considered to be of a performance variant or is very premium, you can also expect your insurance premiums to be higher. If you have had insurance claims under your liability in the past, you can also expect your insurance premiums to be higher.

Lastly, if you have any sort of NCD (no claim discount) from not having made claims on your insurance in the past, you may benefit from discounts on the premium quoted to you. However, as you can tell, there are various factors that are weighed against each other, and there is no way to estimate how each insurance company will assess your situation and assess your quote. This is because each insurer in Singapore will have different algorithms to account for different risk appetites and risk factors when insuring each different individual. As it is difficult to guess and estimate this quote, it is always best to get multiple quotes from different insurers to compare. However, you may also enquire for a quote through us, where a side by side comparison quote will be provided to you for easy consideration and comparison.


How to Compare Insurance Quotes

Enquiring for car insurance quotes through us will not cost you more money, in fact, it is completely FREE for you to enquire. However, what it allows you to do is save time as you do not have to contact each insurance company separately. All you need to do is to submit one form here, after which we will do the rest and get you the top quotes for the best price. Now, how then do you compare these insurance quotes?

The two main important factors affecting cash outlays are your insurance premium, as well as the insurance excess you will have to pay in the event of a car accident in which you are the liable party. Generally speaking, the lower the premium, the higher the excess, and vice versa. Other factors such as windscreen excess and NCD protector are pretty standard inclusions. Lastly, your extra excess for young and inexperienced drivers should also be considered if you have children who have just passed their driving and utilise the family car on occasion.


Choose What Works for You

Here is an example of our side by side insurance comparison quotes, which is what we will provide to you when you enquire with us. Keep in mind that these figures are specific to a particular car with a particular driver with a particular driving experience and claim history. It should not be used as a guide or benchmark of how much your own insurance quote is going to be. It is purely for illustration purposes.

When choosing the best auto insurance plan for yourself, keep in mind that what is best for one person may not be the best for another. A good example is that a confident driver may wish to opt for an extremely low premium in exchange for a higher excess fee, as he/she is confident of not getting into an accident. However, a more error prone driver might prefer to opt for higher premiums with a reasonable excess fee to protect against unexpected and unwanted repair costs down the road. Either way, it is helpful to have multiple quotes in a side by side quotation so that you can compare the key facets of the insurance plan directly in an organised manner.


Want to know exactly how much car insurance will cost for you in Singapore? Drop us an enquiry right here and find out! It is completely FREE to enquire with no hidden fees or transaction fees.

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