Buying Car Insurance in Singapore

Everything You Need to Know.

Car insurance is mandatory in Singapore for all vehicle owners. It protects you financially in case of accidents, theft, or damages. Whether you’re a new driver or renewing your policy, understanding your options can help you get the best coverage at the right price.

Types of Car Insurance in Singapore

Third-Party Only (TPO) Insurance

  • Covers: Damage to other vehicles, property, or injuries to third parties.
  • Does Not Cover: Damage to your own car.
  • Best for: Older cars with low value.

Third-Party, Fire & Theft (TPFT) Insurance

  • Covers: Everything in TPO + protection against fire and theft.
  • Best for: Owners who want some additional coverage beyond basic third-party insurance.

Comprehensive Insurance

  • Covers: Everything in TPFT + damage to your own car.
  • Best for: New or expensive cars that need full protection.

Key Factors That Affect Car Insurance Premiums

  1. Vehicle Type & Age – Newer and luxury cars have higher premiums.
  2. Driver’s Age & Experience – Younger and inexperienced drivers pay more.
  3. No-Claim Discount (NCD) – If you have a good driving record, you get discounts.
  4. Usage & Mileage – The more you drive, the higher the risk, which can increase premiums.
  5. Add-ons & Coverage Options – Additional protection like named driver, roadside assistance, windscreen coverage, and accident towing will increase costs.

How to Compare & Choose the Best Car Insurance

Compare Premiums & Coverage

Use online comparison tools or check with different insurance providers.

Check Policy Exclusions

Look for hidden terms that may limit claims (e.g., exclusions for certain modifications, restricted driver policies).

Evaluate the Insurer’s Reputation

Read reviews and check the claim settlement process.

How to Buy Car Insurance in Singapore

STEP 1

Get Quotes Online

Compare insurance providers through platforms like CarHero.sg.
Get Quote Now.

STEP 2

Select Your Coverage

Choose the policy that best suits your needs.

STEP 3

Provide Your Details

Submit personal and vehicle details for approval.

STEP 4

Make Payment & Receive Policy

Once approved, pay the premium and get your cover letter via email then the actual insurance will be mailed to you.

Get Your Car Insurance Today!

Compare and buy car insurance in Singapore with CarHero.sg. Get the best coverage at competitive rates.

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Frequently Asked Questions

Yes, at least Third-Party Only (TPO) insurance is required by law.

You could face fines, disqualification, and even imprisonment.

Yes, your NCD is transferable when switching insurers.

Yes, all registered vehicles in Singapore require insurance.