Best Car Insurance Plans in Singapore

car insurance

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It is vital to renew your car insurance yearly to protect your car from mishaps, including accidents. Before you do, compare the best deals available and pick a car insurance plan that suits your needs best.

Although it’s tempting to just renew your current car insurance for convenience’ sake, you could be potentially overlooking a more advantageous offer. For instance, you could save money with a more affordable premium with another insurer.

Car insurance plans now include valuable features that can come in handy, like personalised roadside aid, a selection of workshops in convenient locations, as well as car insurance options that are tailored to suit your profile and car.

Here are a few of the best comprehensive car insurance plans Singapore has to offer. 

MSIG MotorMax & Motormax Plus

 

Insurance Coverage

Limits

MotorMax

MotorMax Plus

Comprehensive Coverage

of Insured Vehicle against loss or damage

Market Value of Insured Vehicle at time of loss or damage

Liability to Third Parties

Death or Bodily Injury to Any Person

Unlimited

Damage to Property

S$5,000,000

Personal Accident Benefits

Policyholder

S$20,000

S$100,000

Authorised Driver and/or Passenger (up to legal seating capacity)

S$10,000 each

S$50,000 each

Medical Expenses

Policyholder

Up to S$1,000

Authorised Driver and/or Passenger (up to legal seating capacity)

Up to S$1,000 each

Choice of Workshop

For accident repairs to Insured Vehicle

MSIG authorised 

workshops

Any workshops

Transport Allowance 

While the Insured Vehicle undergoes repairs following accident damage if the approved repair period is more than 3 days. If applicable, cover starts from the 1st day of repairs.

Not covered

S$50 per day 

Maximum 10 days

New for Old Replacement

Replaces with a new vehicle of the same make, model, and engine capacity up to S$100,000 above the market value of the Insured Vehicle at the time of a Total Loss or Constructive Total Loss occurring within 12 months of its first registration, or pays for the difference.

*Does not cover losses caused by floods, theft, or robbery of the Insured Vehicle

*High performances, sports makes, and high value vehicles are excluded

Not covered

Covered

Loan Protection Benefits

Pays the outstanding loan amount in respect of the Insured Vehicle following accidental death of the Policyholder in direct connection with the Insured Vehicle

Not covered 

Up to S$100,000

Windscreen Cover

Due to breakage, subject to excess of S$100 for each claim

*Excess is waived where repair to the windscreen is done instead of a replacement

Auto reinstatement

24-Hour Automobile and Medical Assistance Services

Auto Assistance Helpline Services

Available

Emergency medical evacuation and repatriation of the Policyholder for accidents within the Geographical Area* (excluding Singapore) in connection with the Insured Vehicle

*Singapore, West Malaysia and the part of Thailand within 80 kilometres of the border between Thailand and West Malaysia.

S$50,000

Additional Benefits Applicable to Electric Vehicle

Emergency Electric Vehicle Towing Services

Provides emergency towing services when your electric vehicle runs out of electricity during use, subject to S$50 for each service engaged through our Auto Assistance hotline

Not covered

Covered

Medical Expenses is extended to cover Policyholder, authorised driver, and/or passenger injured by electric shock as a result of an electric vehicle battery leakage.

Not covered

Up to S$2,000 each

Replacement of Car Lock and Keys

Not covered

Up to S$250

Promotions

Exclusive AMTD PolicyPal Group Promotion

MotorMax: Get S$38 Rewards via PayNow and S$100 e-vouchers from MSIG when you BUY NOW!

Motormax Plus: Get S$58 Rewards via PayNow and S$120 e-vouchers from MSIG when you BUY NOW!

1 April to 30 April 2024

T&Cs Apply! Email us at [email protected] on how to redeem the rewards.

Buy Now

 

TIQ Private Car Insurance

 

Insurance Benefit

Coverage (Comprehensive Plan)

Loss and Damage Costs due to Accidents

Accidental loss or damage due to fire

Covered

Loss or damage due to theft

Accidental loss or damage by other insured causes (not fire or theft)

Accessories and spare parts due to fire and/or theft only

Towing Service

Towing fee to repairers or places of safety due to an accident

Up to S$200

Legal Liability

Death or bodily injury to third party

Covered

Loss or damage to property that belongs to other party

Legal costs and expenses if you are legally responsible

Up to S$2,000

Personal Accidents

Personal Accident cover for policyholder due to a car accident

Up to S$50,000

Medical expenses if policyholder/named driver or passenger in the vehicle is injured due to a car accident

Up to S$1,000

Windscreen Cover

Unlimited windscreen cover

Excess of S$100

Daily transport allowance for authorised workshops and repairs exceeding 3 days

S$50 per day

(up to 5 days)

Excess for Driver(s)

Excess for driver(s)

Adjustable excess up to S$2,500 to save more on premium 

Additional excess for Unnamed Driver

S$500

Additional excess for Elderly, Young and Inexperienced Driver

S$2,000

Promotion

Comprehensive Plan ONLY: Use promo code “TIQPP” to get Up to S$300 Rewards via TIQ Cashback and 20% discount when you BUY NOW!

1 April to 30 April 2024

Buy Now

 

Related: The Average Cost of COE in Singapore

Allianz Motor Protect 

 

Benefit

Coverage (Comprehensive Plan)

Loss Or Damage To Car By Accident Or Theft

Covered

(Vehicle must be repaired at an assigned workshop unless the optional cover “Repairs at preferred workshop” is chosen)

Loss Or Damage To Car By Fire And Theft Only

Covered

Taxi Reimbursement

Up to S$100 per accident or breakdown

Towing Costs

Up to S$500 per accident or breakdown

Authorised Repair Limit

Up to S$350 per accident

Damage To Third-party Property

Up to S$5 million per accident

Death Or Injury To Third-party

Covered

Legal Representation And Defense

Up to S$3,000 per accident

“New for Old” Replacement Car

Covered 

(If your car is less than 2 years old and damaged beyond repair)

Courtesy Car

Up to 10 days per accident or breakdown

Daily Transport Allowance

S$50 per day, up to 10 days per accident

24/7 Roadside Assistance

Covered

Lifetime Warranty on Repairs

Covered

(If repaired at an authorised workshop)

Unlimited Windscreen Cover

Covered

Promotion

Not Available

 

FWD Car Insurance

 

Insurance Coverage

Classic

Executive 

Prestige

Damage & Repairs

Repair or replacement if your car is accidentally damaged, lost or stolen

Available

Any driver you trust to drive your car is covered

Not available

Available

Standard excess each time your car is accidentally damaged. Amount varies depending on car make and model

From S$750

Additional excess each time your car is accidentally damaged by a driver under 27 years old

S$2,500

Towing costs if your car is damaged or unsafe to drive

S$300

S$400

S$500

Safe travel after an accident

S$40 per occupant

S$60 per occupant

S$80 per occupant

Daily transport allowance while your car is being repaired

S$40 per day, 

for up to 6 days

S$60 per day,

for up to 8 days

S$80 per day,

for up to 10 days

Repair or replace your accessories if they are damaged, lost or stolen

S$500

S$1,000

S$2,000

Windscreen repair or replacement (S$100 excess for replacement)

Available

Extended workmanship guarantee for repairs done by FWD premium workshops

Available

Courtesy car until repair is completed, or for up to three months if damaged beyond repair or permanently lost

Not Available

Available

New car replacement for cars less than 12 months old (if your car is written off or permanently lost)

Available

Injuries to you or your passengers

Medical expenses in case of a car accident (per occupant)

Up to S$1,000

Up to S$3,000

Up to S$5,000

Pay-out if the driver of your car dies or becomes permanently disabled from an accident

Up to S$30,000

Up to S$50,000

Up to S$75,000

Pay-out for each passenger in your car who dies or becomes permanently disabled from an accident

Up to S$10,000

Up to S$20,000

Up to S$25,000

One-time payment for surviving children if both parents die or are permanently disabled in a car accident

S$250,000

S$375,000

S$500,000

Damage to your belongings

Replacement of damaged, lost or stolen keys and locks

Not available

Up to S$500

Up to S$1,000

Replacement of damaged, lost or stolen personal belongings

Not available

Up to S$1,000

Up to S$2,000

Damage to others

Legal costs if you are sued for damage caused by your car

Up to S$3,000

Cover for accidental damage to someone’s property caused by your car

Up to S$5,000,000

Unlimited cover if you’re legally responsible for someone’s death or injury caused by your car

Covered

Promotion

Comprehensive Plans only: Use Promo Code “POLICYPAL” to get 10% discount

8 April to 21 April 2024

Buy Now

 

Singlife Car Insurance

 

Benefit

Motor Lite

Motor Standard 

Motor Prestige

Loss or damage to your car

Accident loss, fire or the damage

(Up to the car’s market value including the COE. Your manufacturer-fitted car accessories and audio equipment are covered for an unlimited amount

Covered

Brand new car replacement

If the accident repair cost is >70% of its market value, and you bought your car when it was brand new, and the accident occurred within the specified time period mentioned in the policy.

12 months

24 months

Repairs for your car

Approved repairer only

Any repairer (excess will be doubled if done at non-approved repairer)

Any repairer

Additional excess for young and/or inexperienced drivers 

If the driver (including policyholder) is aged 24 and below or has held a valid driving licence for less than 2 years

S$2,500

S$0

Towing services Unlimited 

towing services to the nearest accident reporting centre

Covered

On-site accident reporting 

Receive accident reporting assistance at the scene of the accident in Singapore.

Not available

Available

Pickup from accident location You and your passengers can get a ride to any destination within Singapore following an accident.

Not available

Available

Your Liability

Coverage for death or injury to another person

 Unlimited, includes passengers.

Covered

Coverage for legal charges 

Unlimited, with Singlife’s consent.

Damage to third party’s property

 Up to S$5 million

Injury to you – Personal Accident

Death

Not available

S$50,000

S$100,000

For loss of limb

S$25,000

S$50,000

For loss of sight/hearing in one eye/ear

Medical Expenses

If you or any of your passengers in your car are injured in an accident.

S$500

S$2,500

S$5,000

Personal Belongings 

Covers losses arising from your car due to fire, theft or an accident.

Not available

S$1,000

S$3,000

Child Seat Coverage

Up to $250 for damage to a fitted child seat in your car due to an accident, fire or theft

Available

Geographical Coverage

 Covers the use of your car in Singapore, West Malaysia and Peninsula Thailand (up to 80 km from the border with West Malaysia)

Available

No Claims Discount (NCD) Step Down 

NCD step down for each and every claim.

30%

10%

10%

5% Safe Driver Discount 

Applies if you’re currently earning 50% NCD and are still claim-free when you renew with us.

Available

Windscreen replacement coverage 

Unlimited windscreen (glass) replacement cover if done at our approved repairers (otherwise, up to S$0 for Motor Lite, up to S$600 for Motor Standard and Unlimited for Motor Prestige only).

Available

Number of Windscreen Claims Allowed

Windscreen Access

1

S$100

Unlimited

S$100

Unlimited

S$0

Transport Allowance 

S$80 daily transport allowance (up to 10 days) while your car is being repaired after an accident.

Not available

Available

Emergency Breakdown Assistance

 Receive free roadside rescue services when your car breaks down

Not available

Available

Promotion

Use promo code CAR23 to get 23% discount (new business only) when you BUY NOW

1 April to 18 April 2024

Buy Now

Related: Does Having an Electric Vehicle Affect Your Car Insurance?

AIG Car Insurance Complete

Benefit

Coverage

Own Damage

Cover for damage or losses to your vehicle that is caused by an accident.

Available

Fire

Cover for damage or losses to your vehicle that is caused by fire.

Available

Authorised Driver

Any driver with a valid driving license and driving with your permission.

Within your household* only

Bodily Injury

Cover for third-party bodily injury

Unlimited

Property Damage

Cover for third-party property damage up to S$5,000,000.

Up to S$5,000,000

AIG Authorised Workshops

Repairs to the vehicle must be done at AIG authorised workshops.

Accidental Towing

Towing service up to S$500 if your vehicle is involved in an accident with another vehicle.

Excess Waiver of up to S$1,000 with an in-car camera footage

Share your in-car camera accident video footage with us. Help us to fight fraudulent claims, and get rewarded with up to S$1,080 (including GST) in excess waivers.*

Theft

Cover for the loss of your vehicle that is caused by theft.

Available

Act of God

Cover for damage to your vehicle that is caused by Acts of God E.g. Flood.

Available

Windscreen / Windows

Windscreen / window cover with automatic reinstatement of the benefit (S$108 excess (including GST), applies).

Available

Strike Riots and Civil Commotions

Cover for damage or loss of vehicle caused during strikes, riots or civil commotion

Available

Promotion

Not Available

 

Sompo Private Car Insurance

 

Coverage Features

Comprehensive Plans

Vehicle age

 0 to 10 years old

Vehicle age 

0 to 15 years old

Preferred Workshop

Authorised Workshop

Vehicle repair at your preferred motor workshop

Available

Not available

Vehicle repair at approved workshop assigned by Sompo

Available

Loss or damage to your vehicle due to accident

(up to market value at time of loss or damage)

Available

Loss or damage to your vehicle due Fire or Theft

(up to market value at time of loss or damage)

Available

Damage to third party property

(Up to S$5,000,000)

Available

Death or Injury to third party

(Unlimited)

Available

Windscreen Cover

(Unlimited replacement with applicable excess indicated in Policy Schedule)

Available

Personal Accident Cover

(up to S$50,000)

Available

Promotion

Not available

 

Great Eastern Drive and Save Plus

 

Coverage

Comprehensive

Any workshop

Authorised Workshop

Vehicle repairs at your preferred workshop

Available

Not available

Vehicle repairs at Great Eastern General authorised workshops

Available

Accidental loss of or damage by accidental causes (up to market value)

Available

Loss or damage by fire or theft (up to market value)

Available

Death or injury to third party (unlimited)

Available

Damage to third party property 

(up to S$5,000,000)

Available

Medical expenses 

(up to S$1,000)

Available

Personal accident benefits 

(up to S$120,000)

Available

Towing due to accidents (up to S$300)

Available

Windscreen cover (unlimited reinstatements)

Available

Windscreen excess:

(S$100 or otherwise specified applies for each and every claim)

Available

Excess waiver*

(vehicle repairs is done at Great Eastern General authorised workshops)

Available

Unnamed driver excess

-Additional excess of S$2,500 will apply if the unnamed driver’s age is under 26 or above 69 and/or has less than 3 year’s driving experience

-Additional excess of S$500 will apply if the unnamed driver’s age is between 26 to 69 with 3 or more year’s driving experience

Available

Promotion

Not available

 

Liberty Private Car Insurance 

Coverage

Comprehensive Plan

Car accessories and spare parts

Accidental loss or damage by fire

Available

Loss or damage by theft

Available

Accidental loss or damage by Other Insured Causes

Available

Accidental loss or damage to windscreen

Available

Legal Liability

Death or bodily injury to third-party

Available

Loss or damage to third-party property

Available

Legal costs and expenses

Available

Other Benefits

Towing to repairer or place of safety following accident or breakdown (up to S$300)

Available

Personal accident benefits for you (up to S$50,000)

Available

Medical expenses for you and your passengers (up to S$1,000 per person)

Available

Legal aid for defending third-party bodily injury claims (up to S$3,000)

Available

Waiver of basic excess

Available

Loss of Use (Rental car up to 5 days 1.6L)

Available

Promotion

Not available

Related: A Comprehensive Guide On What To Do When You Get Into A Car Accident in Singapore

What type of coverage should you pick for your car insurance?

You can go for the coverage type that suits you best. There are three main options:

Insurance type

Coverage

Third-Party Only

Basics covered – injury to others and property damage

Third-Party Fire and Theft

Adds fire and theft protection for your car

Comprehensive

Gives you the whole works in car insurance coverage, including accident repairs, personal coverage, and more

Optional Cover

Can include coverage for electric cars, NCD, loss of use, and more

 

Third-Party Only offers minimal, no frills protection. For your peace of mind, you can consider comprehensive coverage that takes care of you, your car, and your passengers too.

Enquire More and Contact Us Today!

Want to know more about AMTD PolicyPal Group insurance plans?

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Can’t find what you are looking for? Feel free to reach out to us at Contact AMTD PolicyPal

 

Read More: 

The Best Maid Insurance in Singapore for Your Domestic Helper

Guide to Pet Costs and Pet Insurance in Singapore

The Best Travel Insurance in Singapore For COVID-19 Coverage

 

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