Purchasing car insurance in Singapore can prove challenging if you don’t know exactly what you’re looking for, particularly with so many different car insurance companies and car insurance policies on the market.

If affordability is your main concern, MSIG auto insurance tends to offer the cheapest motor insurance policies in the city-state, but there are several factors affecting the cost of car insurance plans, including your age, vehicle and whether you require comprehensive car insurance or just a basic Third Party Fire and Theft (TPFT) car insurance plan. Equally, you should think carefully about your unique needs, as different policies come with very different benefits and add-ons.

In this article, Fortune Credit reviews the top ten best value car insurance companies that offer the best plans on the market.

10 Best Car Insurance Companies in Singapore: A Comparison Guide

AIG logo

1. AIG Car Insurance – Best for Car Accident Cover

AIG is usually the first car insurance company most Singaporeans think of when it comes to car insurance providers – and it’s a particularly good choice if you’re concerned about car accident damage caused to your own vehicle. AIG offers a Collision Only plan, as well as fully comprehensive coverage at a higher premium, the latter of which even covers “Act of God” damage.


  • Collision related car insurance cover
  • Third-party property damage cover of up to $5,000,000
  • Unlimited windscreen cover

Price: Starts from $1,000 for Collision Only or $1,175 for Comprehensive coverage

Contact Info

Website: https://www.aig.sg/personal/car-insurance

Social Media: Facebook, LinkedIn

Phone: +65 6419 3000


AIG Building, 78 Shenton Way, Level 1, Singapore 079120

Operating Hours

Monday to Friday, 09:00 am to 05:00 pm


“The auto renewal process is a breeze!” – Yong Hou Tan

“The staff were polite, patient, and knowledgeable.” – Charles Lee

ntuc income drivo logo

2. NTUC Income Drivo – Best for Road and Medical Assistance

If you’re looking for premier roadside assistance, look no further than NTUC Income Drivo. Customers get access to this car insurance providers Orange Force emergency assistance team as part of all products – and these guys will organize on-scene medical assistance, vehicle removal and car insurance claim administrative assistance in the event of any collisions. You’ll also get personal accident benefits worth up to $50,000 and a protected no claims discount.


  • $50,000 in personal accident benefits
  • Medical expenses coverage of $1,000
  • Free No Claim Discount NCD protector

Price: Starts from $1,000

Contact Info  

Website: https://www.income.com.sg/drivo-car-insurance

Social Media: Instagram, Facebook, LinkedIn, YouTube

Phone: +65 6788 1777


53 Ang Mo Kio Ave 3, #03-18/19 AMK Hub, Singapore 569933

Operating Hours

Monday to Friday, 10:00 am to 08:30 pm; Weekends, 10:00 am to 04:00 pm


“Friendly service by staff at door. Did motor insurance there.” – SY L

“This Income centre service is remarkable.” – Chen Kokchye

singlife with aviva logo

3. SingLife with Aviva Car Insurance – Best for Discount Car Insurance Premiums

SingLife with Aviva offers some of the most flexible motor insurance coverage on the market, with three levels of plans to choose from – Life, Standard and Prestige. Discounted rates are advertised frequently. In addition, SingLife with Aviva offers affordable coverage for young and experienced drivers, too, which can be difficult to find elsewhere. You also get access to more than 30 workshops nationwide and an incredibly generous No Claims Discount policy.


  • Affordable young driver coverage with upfront excess payment
  • 24/7 emergency roadside assistance
  • Lowest NCD penalty on the market (10%)

Price: Starts from $1,000

Contact Info

Website: https://singlife.com/en/car-insurance

Social Media: Instagram, Facebook

Phone: +65 6827 9933


4 Shenton Way, SGX Centre 2, #01-01, Singapore 068807

Operating Hours

Monday to Friday, 08:45 am to 05:30 pm



“My claim was settled in less than 7 days… Their pricing is extremely competitive.” – Sree Kanth

“Really a stress-free process.” – 阿宝

MSIG logo

4. MSIG Car Insurance – Best for Affordability and Reputation

If you’re looking for a car insurance company that offers affordable prices combined with a top-tier reputation, MSIG is a great choice – particularly for comprehensive car insurance plans. This trusted insurer has 30 authorized workshops nationwide and its MotorMax Plus insurance coverage package comes with a generous car loan protection benefit and a bunch of other amazing perks.


  • Car loan protection of $100,000 with MotorMax Plus
  • More than 30 authorized workshops
  • 24/7 roadside assistance

Price: Starting from $820

Contact Info

Website: https://www.msig.com.sg/personal-insurance/MotorMax

Social Media: Facebook, Instagram, LinkedIn, YouTube

Phone: +65 6827 7602


4 Shenton Way #21‑01 SGX Centre 2, Singapore 068807

Operating Hours

Monday to Friday, 08:45 am to 05:30 pm


“Good customer experiences.” – Pei Hoon Lee

“Kudos to the 1st rate service from MSIG for the way they handled my son’s accident claim!” – Simlim Yap

ETiQa logo

5. Etiqa (Tiq) Car Insurance – Best for Young and Inexperienced Drivers

If you’re a young or unexperienced driver, Etiqa might be the perfect auto insurance provider for you, offering affordable cover to 24-year-olds and above. Etiqa also provides amazing flexibility when it comes to excess adjustments, and runs a “Drive Less, Save More” add-on where infrequent drivers can potentially save big on their car insurance premium by sticking to pre-agreed usage limits.


  • Infrequent drivers save with Drive Less, Save More
  • Comprehensive, Third Party, and Third Party Fire and Theft available
  • Free child seat coverage of up to $300

Price: Starting from $1,150

Contact Info

Website: https://www.etiqa.com.sg/personal/general-insurance/car-insurance/private-car-insurance/

Social Media: Facebook, LinkedIn, YouTube

Phone: +65 6827 7602


1 Raffles Quay, #22-01, Singapore 048583

Operating Hours

Monday to Friday, 08:30 am to 5:30 pm


“Great customer service.” – J J

“Auto insurance with a very competitive price.” – Tommy Neo

directasia logo

6. DirectAsia Car Insurance – Best for Partner Promotions

DirectAsia offers jargon-free motor insurance policies that are quick and easy to register for, come loaded with discounts and promotions on fuel and other products, and are backed up by an award-winning customer service team. Both new and existing DirectAsia customers are frequently offered free add-on perks such as personal accident coverage, a replacement car or even free car servicing.


  • Get up to $100 worth of Shell fuel upon registering
  • Regularly rotated promotions with Shell and other partners
  • No-nonsense application process

Price: Consult insurance company here

Contact Info

Website: https://www.directasia.com/

Social Media: Facebook, YouTube, LinkedIn, Twitter

Phone: +65 6665 5555


20 Anson Rd, #08-01, Singapore, 079912

Operating Hours

Monday to Friday, 09:00 am to 06:00 pm


“Good value for insurance product.” – Daniel Koh

“Affordable premiums.” – Cheryl A

FWD logo

7. FWD Car Insurance – Best for Overseas Coverage and NCD

Anyone planning on driving abroad will absolutely love FWD’s car insurance policies, which offer superb overseas cover in West Malaysia and potential other destinations. All customers also get an NCD protector. What’s more, if ever your car is out of action, you can get a courtesy car for up to three months and a competitive daily transport allowance of up to $80, too.


  • Lifetime No Claim Discount NCD guarantee
  • Courtesy car available for up to three months
  • $80 daily transport allowance

Price: Starting from $920

Contact Info

Website: https://www.fwd.com.sg/car-insurance/

Social Media: Facebook, Instagram, YouTube, LinkedIn

Phone: +65 6820 8888


6 Temasek Blvd, #18-01, Suntec Tower 4, Singapore 038986

Operating Hours

Monday to Friday, 09:00 am to 06:00 pm


“FWD insurance is one of the best insurers I’ve ever encountered.” – Lewis Liew

“The policy wordings make it really easy to understand what’s covered and the premiums are very reasonable.” – Bernice

Allianz logo

 8. Allianz Car Insurance – Best for Replacement Car Terms

If you think you might need a replacement car in the event of an accident, Allianz will provide you with one every time – so long as your vehicle is less than two-years-old. On top of 24/7 roadside assistance, a lifetime repairs warranty and competitive prices, Allianz also offers fast applications and a flexible excess.


  • Courtesy car provided and covered
  • 24/7 roadside assistance
  • Replacement vehicles available

Price: Starting from $860

Contact Info

Website: https://www.allianz.sg/individual-solutions/allianz-motor-protect.html

Social Media: Facebook

Phone: +65 6297 8802


79 Robinson Rd, #09-01, Singapore, 068897

Operating Hours

Monday to Friday, 09:00 am to 06:00 pm


“Good company; reputable.” – Bryan

“Great performance.” – SK Kurup

HL assurance logo

9. HLAS Car Protect360 – Best for Workshop Choice Flexibility

If you own a luxury or unique car model and it’s important to you to get it repaired by someone you 100% trust, HLAS Car Protect360 offers you the ultimate flexibility to choose whichever workshop you please. That said, you can save a little on your car insurance premium by selecting a HLAS-approved workshop, and all customers benefit from road and medical assistance regardless.


  • Free car servicing and 24/7 roadside help
  • Flexibility to choose your own repair workshop
  • Quick and easy applications

Price: Starting from $1,350

Contact Info

Website: https://www.hlas.com.sg/personalinsurance/carinsurance/

Social Media: Facebook, YouTube, LinkedIn

Phone: +65 6702 0202


F11 Keppel Rd, #11-01 ABI Plaza, Singapore 089057

Operating Hours

Monday to Friday, 09:00 am to 06:00 pm


“Friendly and easy to use.” – Patrick Lim

“I am very pleased with the whole process.” – N Kalawathi

Singtel logo

10. Singtel Car Protect – Best for Comprehensive Coverage

Anyone who wants a feature-packed fully comprehensive plan will struggle to find a better value motor insurance product than Singtel Car Protect. Starting from a very competitive car insurance price of $840, drivers get insurance of up to $50,000 per passenger, solid medical expensive coverage, and accident towing charges included.


  • Excellent level of medical cover
  • Choose your preferred workshop
  • Emergency assistance included

Price: Starting from $840

Contact Info

Website: https://www.singtel.com/personal/products-services/lifestyle-services/car-insurance#car-insurance3

Social Media: Instagram, LinkedIn, Twitter, Facebook

Phone: +65 6248 2638


200 Victoria Street #01-50/50A, Parco Bugis Junction, Singapore 188021

Operating Hours

Monday to Sunday, 11:00 am to 09:00 pm


“Extremely polite and helpful” – Shubh Jain

“Well managed by the staff.” – Baru View

Comprehensive Car Insurance Policy Comparison – At A Glance

Here, we compare the top car insurance policies currently on the market at a glance, helping you to cross-reference the key differences between each insurance plan.


Best For



1 – AIG Car Insurance

Car Accident Cover

From $1,000

Get up to $400 worth of petrol vouchers here

2 – NTUC Income Drivo

Road and medical assistance

From $1,000


3 – SingLife with Aviva Car Insurance

Discount car insurance premiums

From $1,000

Up to 39% off for MINDEF, MHS and POGIS policyholders here

4 – MSIG Car Insurance

Affordability and reputation

From $820


5 – Etiqa (Tiq) Car Insurance

Young and inexperienced driver

From $1,150

Get 20% off and up to $200 cashback here

6 – DirectAsia Car Insurance

Partner promotions

Check with insurance company here

Get up to $100 worth of Shell fuel and free breakdown assistance here

7 – FWD Car Insurance

Overseas coverage and NCD

From $920

Get 25% off using an FWD promo code here

8 – Allianz Car Insurance

Replacement car terms

From $860

Get 10% off with Allianz here

9 – HLAS Car Protect360

Workshop choice flexibility

From $1,350

Get free car servicing here

10 – Singtel Car Protect

Comprehensive plans

From $840

Get a $300 petrol voucher here

Choose the Right Car Insurance Policy or Car Insurance Renewal for You

There are many car insurance plans available in Singapore, and finding the best car insurance plans to meet your needs will always be a case of comparing the market. When shopping around, keep in mind, that:

  • You’ll need to choose between Third Party, Third Party Fire and Theft (TPFT), and Comprehensive plans – and your age, vehicle and driving experience could affect overall costs.
  • Every insurance provider has its specialities, and while some offer great comprehensive coverage or overseas cover in places like West Malaysia, not every company will offer the exact services you need – so check the T&Cs carefully.
  • Comparing the market is always key. Create a list of all the things you’re looking for, then narrow down your options to find the best policy.

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