Buying a car insurance policy is a lengthy, complex and an expensive undertaking. Use our in-depth comparison of dozens of motor insurance policies available in Singapore below to find what works best for your budget, car type and desired coverage whether you are a Singaporean, permanent resident or employment pass holder.

Cheapest Car Insurance in Singapore

Whether you are male or female, a brand new driver or a seasoned one with a 50% NCD, we found the policies featured below to be the cheapest sedan and mid-priced SUV insurance plans. While some prioritize keeping their premiums as low as possible by providing basic coverage, others balance affordable prices with comprehensive benefits.

This graph shows the cheapest car insurance premiums in Singapore

Cheapest Car Insurance: Budget Direct Comprehensive

Budget Direct Comprehensive

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Consider this if you want the cheapest car insurance possiblemore detailsPromotion:

  • Get S$100 if your current insurer offers cheaper premiums than Budget Direct upon renewal (even if you don’t end up purchasing a Budget Direct policy); Use Affinity Code “VALUE5” for an extra 5% off

Budget Direct’s Comprehensive car insurance plan is the best option for sedan and SUV who require basic protection and want to pay as little as possible. Budget’s plan is one of cheapest available, costing 30% less on average for sedan premiums for non-NCD holders, 30% cheaper on average for SUV drivers and 40% cheaper on average for sedan and SUV drivers with a 50% NCD discount. However, Budget Direct’s medical, personal accident and roadside support coverage will come at an extra cost.

Budget Direct has two options to choose from if you need to insure multiple drivers. The Named Driver plan covers the main driver and then named drivers you add to your plan. The Authorised Driver plan costs 15% more than the Named Driver plan but will cover anyone who you let drive your car. Due to the low prices, the Authorised plan still a remains competitively priced option for drivers who lend out their car often. Budget Direct’s low named young and inexperienced driver excess of S$500 also makes it a great option for parents who want to insure their younger drivers.

Read our full reviewFeatures of Budget Direct Car Insurance

Budget Direct ComprehensiveCoverageExtra CostExcess
Windscreen/Window CoverageUnlimitedN/AS$100
Personal Accident (Main Driver)S$20,000S$32.10N/A
Medical CoverageS$500S$21.40N/A
Car Replacement/Temporary TransportS$50/dayS$53.50N/A
Young/Inexperienced DriversN/AN/AS$500