Insurance

Best Car Insurance Singapore

Updated 22 December 2020.

  • Phuan Wei Ning
  • |
  • Published on 18 Jan 2019

Updated 22 December 2020

#1 FWD Car Insurance (Comprehensive Classic, Executive, Prestige)

Pros

  • Competitive prices
  • Lifetime NCD guarantee, even after you file a claim (if your current NCD is 50%)
  • All drivers covered, no need to name them
  • Fuss-free online/mobile process
  • Courtesy car and/or replacement car for new cars offered
  • Child benefit coverage
  • 24-hour emergency assistance
  • Guaranteed workmanship defect until your car turns 10 for repairs done at FWD premium workshops
  • Cons

  • Non-customisable
  • Lifetime NCD guarantee only if you currently enjoy a NCD of 50%
  • Promotion:Receive up to 21% off + $100 CapitaVoucher for your private car insurance plans with promo code "IFAST".


    Suitable for: Comprehensive coverage at low costs and family cars.

    May not be suitable for: Those looking for "a la carte plans".

    *Promotions shown are accurate as of 22 December 2020 with changes subjected to the insurer's discretion.

    Our top pick for car insurance, FWD offers comprehensive coverage at below average prices. While plans are non-customisable, we feel that customisation is unnecessary with FWD's coverage inclusive of car repairs, transport allowance, replacement cars, medical, third party and roadside assistance. Personal accident and child benefit coverage are also bundled into the plan thus making FWD car insurance suitable to be used for family cars. Additionally, drivers will also receive lifetime NCD guarantee if they currently have 50% NCD thus rewarding safe drivers with greater savings.

    To purchase FWD car insurance, click on the button below.


    #2 Sompo Private Car Insurance (Comprehensive ExcelDrive Prestige, ExcelDrive Gold, ExcelDrive Focus)

    Pros

  • Sompo’s emergency response service (MARS) promises to have their officers reach your accident scene within 20 minutes
  • Free NCD protector if you are enjoying 30% NCD and above (for Gold and Prestige plans only)
  • 5% Offence Free Discount granted automatically if NCD is 30% and above
  • Insure up to 2 additional drivers other than you and your spouse, at no additional cost
  • High transport allowance (for Gold and Prestige plans only)
  • Cons

  • Low medical coverage
  • Personal accident coverage excludes passengers in car
  • Suitable for: 24 hours emergency roadside assistance.

    May not be suitable for: Family cars.

    Sompo's emergency response service (MARS) provides 24 hours emergency roadside assistance. Promising to have their officers reach your accident scene within 20 minutes, this allows for a fuss-free experience which new or less confident drivers will likely appreciate. Moreover, Sompo's Gold or Prestige plan provides more flexibility and coverage, with free NCD protector and high transport allowance included.


    #3 Etiqa Private Car Insurance (Comprehensive)

    Pros

  • ePROTECT sMiles, a "pay-as-you-drive" model that allows drivers to only pay for what they use
  • 30minutes fast claims approval for own-damage motor claims under S$5,000 at authorised workshops
  • 5% additional discount if you have been demerit-free in the past 3 years
  • Cons

  • Non-customisable
  • No 24-hour roadside assistance in the event of an accident
  • Lack of personal accident coverage for passengers which may not be suitable for family cars
  • No replacement car for new cars that are damaged beyond repair
  • NCD Protector at an additional premium
  • Suitable for: Non-frequent drivers or those looking a no frills plan.

    May not be suitable for: New cars, less confident drivers and family cars.

    With only one comprehensive plan and limited add-ons, Etiqa car insurance is a no frills plan catering to drivers who are looking for basic coverage. Non-frequent drivers will also appreciate Etiqa's ePROTECT sMiles, a "pay-as-you-go" model allowing drivers an alternative to traditional car insurance. Using telematics app technology to measure the travelled distance, this allows individuals who drive less to pay less premiums. This could then translate to 50 per cent upfront savings on your car insurance premiums.


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    from Etiqa Insurance, Manulife, NTUC Income and Tokio Marine Life Insurance


    *Please check with our advisory team if the product you want is available on FSMOne Insurance


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