6 Companies With The Best Motorcycle Insurance In Singapore

BEST MOTORCYCLE INSURANCE SINGAPORE

By Lance Teo

It’s always a good idea to insure your beloved ride, just to be safe. And if you do, you should obviously go with the companies offering the best motorcycle insurance in Singapore.

These are the insurance providers with the best coverage and plans for motorbikes. We’ve listed our favourites among the top options on the island here:

1. FWD Insurance

Riders seeking high returns for low premiums can get the best deal from FWD Insurance.

Low premiums still mean heaps of benefits for their insurance holders. These include liability coverage and market value replacement for loss or damage of property.

A 24-hour roadside assistance system is even available without added expense.

Benefits

  • 3rd Party Damage Coverage
  • 3rd Party Injury/Death Liability
  • Motorcycle Damage/Loss – market value + excess
  • Emergency Assistance
  • Towing Cost
  • One-Time Transport Cover

 

2. NTUC Income

The most affordable insurance for motorcycle riders below 30 years old is offered by NTUC Income at 50% cheaper than the normal packages for 25-year-old bikers.

It also includes Orange Force. This is a 24/7 emergency response unit ensuring the safety of and helping riders.

NTUC Income has special benefits for drivers under 22 years old too. They discuss these upon consultation to maintain exclusivity.

Benefits

  • 3rd Party Damage Coverage
  • 3rd Party Injury/Death Liability
  • Motorcycle Damage/Loss – market value + excess
  • Emergency Assistance
  • Towing Service

 

3. Direct Asia Insurance


Safe riders are gifted with a stellar premium from Direct Asia Insurance. Direct Asia Insurance catapults the maximum NCD to 30% from the usual 20% available for riders.

This is an enticing deal with ample benefits to fuel the driver’s security. They also come with towing service coverage in case of accidents.

Benefits

  • 3rd Party Damage Coverage
  • 3rd Party Injury/Death Liability
  • Motorcycle Damage/Loss – market value
  • Emergency Assistance + excess
  • Towing Service

 

4. Markel

          

For 4 decades, Markel has been the master of motorcycle insurance. Riders can select premiums that cover all motorcycle types.

Markel provides up to 35% NCD in accordance to the package availed. Discounts consist of anti-lock brakes and anti-theft alarms.

Benefits

  • 3rd Party Damage Coverage
  • 3rd Party Injury/Death Liability
  • Accessory Coverage
  • Funeral Expense
  • Roadside Assistance
  • Customised Road Mapping Service

 

5. Farmers Insurance

At Farmers Insurance, riders can enjoy some very good premiums. It loads motorcycle insurance, plus home and life premiums. Choosing the bundle gets the biker a discount too!

Farmers Insurance provides multi-security consisting medical payment and reimbursement, motorcycle equipment replacement, and home repair.

Benefits

  • 3rd Party Damage Coverage
  • 3rd Party Injury/Death Liability
  • Collision Coverage
  • Safety Apparel
  • Roadside Assistance
  • Trip Interruption Coverage

 

6. Etiqa

Riders are given supreme care by Etiqa. They let the biker build their own premium, in fact. Etiqa guides them into selecting their desired benefits tailored to their budget.

With their personal packages designed, the riders feel freely secured as Etiqa provides the customised insurance with the finest premiums. They also offer security plans digitally.

Benefits

  • 3rd Party Damage Coverage
  • 3rd Party Injury/Death Liability
  • Motorcycle Damage/Loss Coverage
  • Motorcycle Theft Protection
  • Towing Service
  • Legal Cost

These motorcycle insurance providers can help you feel safe even when you’re on the roads. It can make all the difference when misfortune strikes — though we certainly hope it never does!

Should it ever happen, though, and should your beloved bike be out of commission for a bit, you may need a fallback vehicle. If so, try our list of the best car rentals in Singapore.

That may help you get around the island… at least, until your ride is up and working again.

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