Singapore recorded 107 fatal traffic accidents across the country in 2021. It’s high compared to Singapore’s total population, 5,5 million in 2021. You all, car owners, have to protect your cars with car insurance. Are you looking for a car insurance company in Singapore? Here is the recommendation for you!
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7 Recommended Car Insurance Company in Singapore
Car servicing in Singapore is quite expensive. Routine servicing can cost S$100, and it can be more if your car crashes because of an accident. So, to fix this, you must get car insurance to cover all of y car service expenses. Here is recommended car insurance company in Singapore.
1. NTUC Income Auto Insurance
NTUC is one of Singapore’s most popular car insurance company for a reason. It has become viral because their emergency response team, Orange Force, will come to the accident scene to arrange medical assistance, remove the vehicle, and resolve the insurance claim.
We recommend NTUC Income for drivers who appreciate this assistance, especially when an accident can be frustrating.
NTUC also provides accident benefits up to S$50,000 and medical expenses up to S$1,000. Finally, if you’ve been enjoying 50% NCD on your NTUC earnings for the past two consecutive years, you’ll automatically receive free NCD protection on your next renewal.
Annual premium: Start from S$1,004.13 (depending on the car type and driver profile)
2. MSIG Auto Insurance
MSIG is one of Singapore’s longest-established auto insurance company, with a well-developed network of over 30 accredited workshops. More conservative and brand-conscious drivers consider this car insurance company.
Aside from its solid reputation, I also like that MSIG offers car loan protection benefits. When the car owner dies, MSIG repays the loan, so the surviving family doesn’t have to worry about debt. Considering cars are costly in Singapore, this feature is useful.
Annual premium: From S$825.24 (based on car type and driver profile)
3. Singlife Auto Insurance
The auto insurance provider targets “young and inexperienced drivers” but offers much higher deductibles (for out-of-pocket repairs) if you are involved in an accident. Amount to be paid). Singlife is one of the more generous insurers regarding young driver coverage.
Other insurers define this high-risk group as those under 27, while Singlife’s cutoff age is 24. Most car insurance companies cut his NCD by 30%. Singlife is a 10% cut from the standard plan. So if you’re worried about the no-claims discount, you can charge a little more for Standard.
Annual Premium: S$1,311.58 (Lite), S$1,479.50 (Standard), S$2,071.30 (Prestige) from
4. AIG Auto Insurance
AIG is one of the world’s most recognized and leading car insurance company in Singapore. This plan provides third-party property damage coverage up to S$5,000,000 and total third-party death or personal injury coverage.
You can also limit the scope to drivers aged 30, 35, or 40 and over for lower premiums and adjust coverage by choosing your expected mileage over the next 12 months.
For those who need more coverage, there is also the Auto Insurance Complete Plan that offers a different range. Against theft, floods, windshields/windows, and riots.
This plan also provides coverage up to S$5,000,000 for damage to the property of a third party and unlimited scope for death or personal injury to a third party—annual premium: From S$1,056.07 (collision only), S$1,293.53 (full)
5. FWD Auto Insurance
FWD is also the only car insurance company in Singapore that offers 50% NCD for Life, rewarding all drivers for safe driving. Once the No Claim Discount reaches 50%, you can keep the 50% discount as long as you renew with FWD.
FWD’s auto insurance is relatively flexible. Unlike other insurance companies that require you to designate an additional driver to avoid paying a higher deductible, FWD coverage extends to the trusted person driving your vehicle.
However, the standard S$2,500 overage applies to damages caused by young drivers under 27, or you can pay a higher premium to reduce the coverage.
All FWD car insurance plans include 24/7 Roadside Assistance, medical insurance in case of a car accident, and all the great extras so you have the right coverage can.
FWD also offers an “NCD Lifetime Warranty” when the No Claim Discount reaches 50%. You can keep the 50% discount if you renew with FWD. You can pay for your car insurance in installments using your DBS/POSB Mastercard or Visa credit card.
Annual Premium: S$918.68 (based on driver profile and vehicle above)
6. Alliance Engine Protection
Cheaper insurance doesn’t necessarily mean less coverage. Allianz Motor Protect offers a lifetime warranty to ensure your car is repaired without corners. Still, it also provides a free courtesy car every day for shop car repairs for up to 10 days in case of an accident or breakdown.
This insurance company provides compensation up to S$5,000,000 for damage to property of third parties, unlimited coverage for death or personal injury, and legal representation and defense coverage up to S$3,000.
Annual premium: Starting at S$641.49 (third party only), S$692.31 (third party only, fire and theft), S$865.05 (total)
7. Etiqa (Tiq) Car Insurance
Etiqa (aka Tiq) prides itself on being a digital car insurance company in Singapore so that you can expect a fast and hassle-free purchasing experience. They also kept the hassle of claims to a minimum.
Simply submit a repair claim up to S$5,000 online (applies only to self-injury claims) and have Etiqa review and pay you in as little as 30 minutes. Etiqa also offers its add-on called Drive Less Save More. With this add-on, drivers can save up to 30% cash rebate annually, depending on how much they drive that year.
Annual premium: Starting at S$835.26 (third party only), S$1,098.03 (third party only, fire and theft), S$1,268.33 (total)
For the Drive Less Save More add-on: From about S$887.83 (comprehensive plan only)
What Car Insurance Company That You Love?
That’s all about seven recommended car insurance company in Singapore. If you want insurance, make sure you can afford the monthly premium, which gives you many benefits, especially for protecting your car.