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Searching for the best car insurance in Singapore does not have to be a hassle anymore. At MoneySmart, we help you compare car insurance quotes online from our comprehensive list of car insurance partners.

We'll ask you for details about your car (make, model, etc) so we know exactly what car insurance you need.

View a comparison of the best car insurance quote based on price and features (NCD protection, personal accident coverage, medical excess etc).

Click to apply for the best car insurance policy that suits your needs. Or, call our specialists for advice on the cheapest or most comprehensive policies.

No idea which insurer will give you the car insurance coverage you need? Policies and premiums may differ depending on the type of coverage you require. Here's some information to get you started.

Over a third of drivers in Singapore lose out on potential savings with their car insurance premiums due to auto-renewals with their current provider. As an existing policy holder, you may not always be given the best premiums for the next year of coverage. Don't make the mistake of feeling pressured to auto-renew car insurance due to lack of information or time.

Our car insurance study* revealed that MoneySmart customers can save up to $620 on their annual premiums when they compare car insurance quotes before purchasing a policy. Insurance providers focus on different coverage benefits, so compare the various quotes based on the coverage you need and the premium it will cost.

You can pay a lower premium by increasing the insurance excess on your policy. The excess is basically the amount of money you have to fork our from your own pocket before the insurance provider will cover the rest of the cost, in the event of an accident. Your policy quote will have a standard excess amount stipulated as a requirement, and you can offer to increase that amount of excess for a lower premium.

If you own a car in Singapore, car insurance or motor insurance is compulsory but doesn’t come cheap. Our free car insurance calculator will help you find the best and cheapest price on the market.

Good on you for asking this! Most Singaporeans buy car insurance just because it's compulsory here, without even knowing what it covers.

When you own a car, dangers lurk around every corner. Apart from the ever-present threat of a car accident, your car may be stolen by car thieves, even burnt in a fire. As most car owners would know, repairing such extensive damage can be extremely expensive.

Car insurance is meant to cover such scenarios. You pay an annual premium for the assurance that the insurer will foot most of your car repair workshop bill if these things happen.

Another potential cost for that car drivers seldom think about is a financial liability to third parties.

Put simply, if you get into an accident and are sued for damage to another person or their property, car insurance will pay out some or all of the bill.

As the name suggests, this type of car insurance covers almost everything, including your own car's repairs and replacement costs. It is the most common car insurance type in Singapore, which is understandable considering how expensive cars are here.

This is the cheapest and most basic type that covers ONLY damage to other people or their property. If anything happens to your own car, you will have to foot the bill yourself. This is generally recommended for really old cars that are at the end of their COE lifespan, because you might actually consider scrapping the car instead of repairing it.

This is a slightly upgraded version of TPO car insurance. The same features apply, except TPFT also covers loss, theft and fire damage to your car. It offers slightly more protection, but it’s still an option that is generally reserved for owners of older cars.

Insurance premiums are based on risk, so, ultimately, it all depends on your personal profile and the car you drive. How much risk will the insurer take on if it agrees to cover your future expenses?

• Your age
• Driving experience
• Claims history
• Car make and contoh
• Occupation
• Marital status

Don't be too offended if you get quoted a remarkably high premium. This can happen sometimes due to statistics associated with your car or profile, no matter how good a driver you are. Insurers measure risk differently, so take the opportunity to shop around for more quotes.

What is "excess" and how does it impact my premium?

Car insurance policies are extremely customizable in that you can always lower the cost of your insurance premium by increasing this thing called the "excess".

This refers to the amount you need to pay out of pocket before you can make a claim from the insurance company.

As a benchmark, most insurers in Singapore generate quotes based on a $500 or $600 excess. So you can take this as the average amount that car drivers are willing to pay out of pocket. Both excess and premiums are costs to YOU, so when obtaining car insurance quotes, you should look at both in tandem. Sure, you can get a cheap premium if you opt for a high excess, but do you really want to pay $2,000 in cash if you get into a collision? Probably not.

Most car insurers also allow you to customize your plan by choosing between "authorized workshops" and "any workshop". This refers to which workshops you can send your car to and still be covered by your car insurance.

It is always cheaper to go for the "authorized workshops" version because the insurer already has a list of workshops that it knows are affordable.

On the other hand, if you want the freedom to go to any workshop of your choice, the insurer has no way of making sure that it won't overcharge, so you will have to pay more for that privilege.

For not-so-fussy owners of older cars, opting for "authorised workshops" is usually a lot cheaper. Just make sure that the insurer's list of workshops is actually reasonable so you don't have to drive across the island to get your car repaired.

If you find downloading insurance policy brochures and comparing them side by side a hassle, our intelligent system can do the comparison for you. Answer some questions online and we'll have you going.

After you've submitted your answers, our insurance specialists may drop you a call to clarify your needs and explain your options to you. Seize this chance to ask our experts the burning questions you may have about car insurance!

Once you have spoken to our insurance specialists, considered your options, and planned your finances, you are ready to apply for your car insurance plan with our guided assistance.

We're comprehensive and convenient.

MoneySmart financial is partnered with 10 insurance providers in Singapore. But finding the best policy can be difficult and extremely tedious, especially with so many insurers out there. We do the heavy lifting for you by finding the best quotes and making the application process as fuss-free as possible.

We help you make it happen.

Your car insurance journey doesn't end after you buy your policy. MoneySmart financial will ensure that we follow you along that journey, especially when it comes to the most painful part of all - claims. Our general insurance specialists will help ensure your claims are processed and help you to renew your policy every year. We help make it happen so that you can drive without worry.

We're determined to find what's best for you.

Every year when you have to renew your policy, we'll help you get better service, coverage and help you save on your car insurance premiums. Because we work with 12 of the biggest car insurance providers in Singapore, you can rest assured we'll do our best to find you the best policy available.

"By engaging MoneySmart to help compare car insurance quotations from different companies, I was able to save $400, and the best thing is I don’t need to do the comparison myself."

Melvin Lee

"Quick to reply to my questions. The team at MoneySmart is very helpful to help me understand what is needed for car insurance and helped me get significant savings!"

Stuart Crawford

"Great patience practiced explaining the coverage terms to help me understand the policy. Everything was smooth and efficient! Thank you, MoneySmart!"

Lim Li Li

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