10 Best Cheapest Car Insurance Companies in Singapore 2024

Car Insurance Companies

Buying a car exposes you to a host of financial insecurity. With car insurance, you can lessen the possibility of facing financial problems as it covers Damage to your Car & other circumstances. As such, selecting the right car insurance provider is vital & should be based on much more than price alone. Here are the best Cheapest Car Insurance companies in Singapore to help you save money.  

car insurance companies in singapore

Cheapest Car Insurance Companies 
Services
Benefits
Total Score
FWD Car Insurance
8.5
8
8.25/10
Singlife car insurance
8
9.5
8.75/10
Etiqa Car insurance
8
8
8/10
Income Drivo Premium Car insurance
9
9.5
9.25/10
sgCarMart
7.5
9
8/10
MSIG Car Insurance
8
8.5
8.25/10
InsureMy Car 
7.5
7
7.25/10
Accord Insurance Agency
7
8
7.5/10
Meta Agency PTE
8.5
8
8.25/10
DirectAsia
7.5
7.5
7.5/10

FWD Car Insurance

 

FWD Car Insurance

FWD Car insurance company is the best car insurance companies in Singapore. Their car insurance plans stand out from the rest with features like a 50% lifetime NCD guarantee and free 24-hour roadside assistance for accidental & non-accidental breakdowns. Enjoy up to 12 months of interest-free instalment premium payments for your car insurance when you pay with your OCBC MasterCard or Visa credit card. They are only the insurer to guarantee your 50% NCD for life, as long as you stay with them. You can also receive up to $80 per day while your Car is being repaired(for up to 10 days)

Address: 6 Temasek Blvd. #18-01 Suntec Tower Four, Singapore 038986

Contact:  +65 6820 8888

Singlife car insurance

 

Best Car insurance

With three distinctive plans to choose from at Singlife car insurance, Single car insurance gives you peace of mind. Their three options that suit your needs: LiteRepair for your Car: Approved repairer only, Brand new car replacement: For Car less than 12 months old, Medical expenses: Cover you & your passengers: S$500, Damage to third party’s property: up to S$ 5 million. 

Standard: Repair for your Car: Any repairer, Brand new car replacement: For a car less than 12 months old, Cover you & your passengers: S$2,500; Damage to a third party’s property: up to S$ 5 million. 

Prestige: Repair for your Car: Any repairer, Brand new car replacement: For Car less than 24 months old, Cover you & your passengers: S$5,000, 

Damage to third party’s property: up to S$ 5 million.

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

Contact: +65 6827 7988

Etiqa Car insurance

 

Etiqa Car insurance

Etiqa is the best car insurance companies in Singapore. If your insurer is Etiqa, you receive damage coverage of up to $1,000 for your solar film. Protect both yourself & fellow road users with Etiqa car insurance. You can enjoy 20% off+ up to $200 cash back when you protect your Car with Etiqa.

Address: Not available

Contact: +65 6887 8777

Income Drivo Premium Car insurance

 

Income Drivo Premium Car insurance

Here you get coverage for third-party property damages arising from accidents, coverage for towing services & unlimited windscreen cover, personal accident benefits & medical expenses coverage in the event of an accident, reimbursement of expenses incurred for vehicle repairs arising from accident, roadside assistance & wellness cover also covers cosmetic reconstructive surgery benefit & more due to an unexpected accident and more. 

Coverage                                            Amount you are covered 

Damage to third party property:      $5,000,000

Personal accident benefits:            $50,000

Towing service: $500

(Loss or Damage to your: Market value at the time of loss 

vehicle from accidental causes)

Address: Not available

Contact: Not available

sgCarMart

 

sgCarMart

If sgCarMart is your insurer for car insurance, then you get 25% cheaper car insurance; aside from some of the cheapest Car & motor insurance plans available in Singapore, their services also come with a range of benefits such as: enjoy NCD discount if you have not made any claims, even you get an NCD protector to protect your NCD, they work only with top motor insurers and more. By seeking their benefits, no doubt, sgCarMart is also one of the best car insurance companies in Singapore

Address: SGCM Pte. Ltd, 61 Ubi Ave 2, Automobile Megamart#07-05/06 S(408898)

Contact: 6744 1514

MSIG Car Insurance

 

MSIG Car Insurance

MSIG Car Insurance companies in Singapore provide comprehensive coverage of insured vehicles against accidental loss or Damage, accident repairs at an authorised agent’s workshop or a workshop of your choice, and medical expenses for the policyholder, authorised driver or passenger(up to legal seating capacity). If MSIG car insurance is your insurer, then you have more benefits such as Comprehensive Coverage of insured vehicle against accidental loss: Market value of the insured vehicle at the time of loss or damage, Liability to third parties: death or bodily injury to any person: unlimited, Damage to property: $5,000,000, Medical expenses: Policyholder: Up to $1,000, authorised driver or passenger(up to legal seating capacity): Up to $1,000 each and more. 

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

Contact+65 6827 7602

InsureMy Car

 

InsureMy Car

InsureMy Car specialises in new/renewal of motor insurance. You enjoy lower prices, higher benefits and more personalised services. You could pay the premiums on a 0% interest instalment plan(up to 12 months) with your DBS/POSB or UOB credit cards when you insure with them. 

Address: My Mail Box (Business) No. 880336, Singapore 919191

Contact: 6469 3912

Accord Insurance Agency

 

Accord Insurance Agency

If you are excited about getting a cheap car insurance policy, contact them today. They offer the best insurance quotes to their customers; thanks to their services, you can get the best insurance policies at the most affordable rates. They also offer interest-free instalment plans; with their car insurance Singapore-based policies, you are guaranteed the best prices. 

Address: 18 Sin Ming Lane #05-13 Midview City Singapore 573960

Contact: 6469​ ​3922

Meta Agency PTE

 

Meta Agency PTE

When your insurer is Meta Agency PTE car insurance companies in Singapore, it covers nearly everything that can happen to a car, such as accident, burglary & injury to a third party. So, for example, if a car catches on fire or is stolen, the insured will be covered; if you have not claimed for a year or more, you are entitled to a no-claim discount of 10% each year to a max of 50% & more. 

Address: Not available

Contact: +65 6334 6210

DirectAsia

 

DirectAsia

If you are seeking the best car insurance companies in Singapore, look no further; DirectAsia is the best for your auto insurance, with guaranteed cost savings. Here you can customise your car insurance policy to your needs and select a plan that fits your budget. 

Address: 20 Anson Road, #08-01, Singapore 079912

Contact: 6665 5555

You can also check out the Best Motorcycle Insurance in Singapore
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