Cheap Car Insurance in Singapore
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7 Cheapest Car Insurance Options in Singapore for 2021

Paying for car repairs and maintenance is no joke. Fortunately, there are ways to dodge having to pay for car services… such as getting yourself the cheapest car insurance in Singapore.

Looking for the right car insurance might take you a long time, though. This is why we’ve compiled the top insurance companies that offer the cheapest car insurance in Singapore to help you save more money in the future!


1. Allianz Motor Insurance


Vehicle insurance, life insurance, health insurance, travel insurance, hospital insurance, and work insurance. 



79 Robinson Road #09-01

Singapore 068897




Monday – Friday, 9:00 AM – 6 PM

Allianz is a well established insurance company that is known for their affordable insurance services. They founded their Singapore regional office in 1998 in the efforts to serve the fast growing Asian markets and have recently started Allianz Insurance Singapore Pte. Ltd. in 2020. 

Allianz Insurance Singapore Pte. Ltd. was founded with the goal to deliver top class solutions to their customers and to bring a strong brand that offers high-quality service, trust, and security. 

They have a variety of insurance related services such as their vehicle insurance, life insurance, health insurance, travel insurance, hospital insurance, and work insurance.

All of their services are surprisingly affordable for a global company, especially their car insurance. 

Offering two car insurance types, you can either pick motor protect or electric motor protect. Each has their lifetime warranty on repairs and a ‘new for old’ replacement car policy for cars that have less than 2 yrs of service and are damaged beyond repair. 

We highly recommend people to partner with Allianz if you’re looking for an insurance company that takes deep care for their clients wellness by providing great and affordable insurance services.

2.  Budget Direct Insurance


BEST FOR  Sedans and SUVs
SERVICES Car Insurance, Motor Insurance, and Travel Insurance
ADDRESS 190 Clemenceau Ave, #03-01 Singapore Shopping Centre, Singapore 239924
CONTACT DETAILS +65 6221 2111
OPERATING HOURS Monday – Friday, 8:00 AM – 8:00 PM

 If you want to save as much money as possible on cheap car insurance in Singapore, then Budget Direct Insurance can offer the right car insurance for you. You may even personalise the coverage of the insurance to make sure that all your needs will be covered.

It doesn’t use middlemen such as agents and agencies, so you will actually save a lot of money. It’s the reason we consider it one of the cheapest car insurance in Singapore!

If your car gets driven by other people, you can also choose to insure multiple drivers. This will make sure that everyone who uses your car will be protected in case something happens.

Among the inclusions of their car insurance quote in Singapore are personal accident coverage, medical expenses, roadside assistance, transport allowance, and a whole lot more. They even have a 24/7 emergency hotline that you can count on any time of day.



  • No agent commission
  • 24/7 customer service
  • Cheaper policies

Customer Reviews

Customers mentioned that they really saved a lot of money by availing Direct Budget’s Car Insurance. Some customers even saved as much as a thousand dollars for their car insurance in Singapore.

Another customer noted that the application was very easy and that he didn’t have a hard time having his application approved. These are the reasons most people with the insurance praise it so much.

3.  FWD Car Insurance

BEST FOR  Family protection
SERVICES Car Insurance, Travel Insurance, Home Insurance, Health Insurance, Maid Insurance, Endowment, and Personal Insurance
ADDRESS 6 Temasek Blvd, #18-01 Suntec Tower Four, Singapore 038986
CONTACT DETAILS +65 6820 8888
OPERATING HOURS Monday – Friday, 9:00 AM – 6:00 PM

FWD Car Insurance is the best car insurance to get if you want to protect your children in case of an accident. One of its key features is the lifetime NCD benefit that rewards you for driving safely.

If your NCD remains at 50%, you will get to keep it provided that you don’t drop their insurance. Like the previous option, you may also choose which benefits go into your insurance plan. Because of this flexibility, it’s been considered one of the best and cheapest car insurance in Singapore

When you have the decision on which benefits are included, you get to match your budget and save more money in the long run. We really believe that it’s one of the cheapest car insurance in Singapore for this feature.


  • Family protection
  • Lifetime NCD guaranteed
  • Repair warranty
  • Affordable rates 

Customer Reviews

Here are some reviews left by customers on Google Reviews about FWD Insurance. 

“FWD has been my TOP choice of insurer when it comes to buying travel insurance. The platform interface is simple and easy to navigate. The process of buying and claiming is fuss free. No more endless paper works when it comes to purchase and claims anymore!”

“FWD has such a wide range of policies. Have been using their online application and it’s so fast and convenient. Their relationship managers are also very prompt and responsive. No regrets. Travel, drive and live rest assured that they got you covered. Thank you, FWD TEAM, you are awesome.”


4.  Etiqa Car Insurance

BEST FOR  Promotions
SERVICES Car Insurance, Maid Insurance, Travel Insurance, Life Insurance, Retirement Insurance, and Accident Insurance
ADDRESS Singapore
CONTACT DETAILS +65 6887 8777
OPERATING HOURS Monday – Friday, 8:00 AM – 5:00 PM

If there’s one thing that Etiqa’s Car Insurance can offer, it’s the peace of mind that comes with being protected while on the road. Longtime drivers can avail all of their promotions and save as much as 53% on their car insurance premiums.

Etiqa offers 3 car insurance packages to choose from: comprehensive, third-party fire and theft, and third party only. Any of these packages will make sure that you’ll be properly compensated in case something happens to your car.

What we love about Etiqa is that you no longer need to wait for a couple of days to have your application approved. Your application can get approved in as fast as 30 minutes!

If you’re not yet satisfied with the features, you may choose to add solar film covers, workshop coverage, and sun/moon roof cover. Check out their website to get the best online car insurance rates in Singapore. 


  • Fast approval
  • NCD protection


5.  Singlife with Aviva

BEST FOR  Emergency assistance
SERVICES Car Insurance, Travel Insurance, Retire Insurance, and Life and Health Plans
ADDRESS 4 Shenton Way, SGX Centre 2 #01-01, Singapore 068807

 +65 6827 9933 | [email protected]

OPERATING HOURS Monday – Friday, 8:45 AM – 5:30 PM

 Aviva is one of the leading insurance companies all over the world, and we think they also offer one of the cheapest car insurance in Singapore in 2021. If you’re a young driver, we highly recommend that you arm yourself with its car insurance plan.

Some of the the key features of its car insurance are NCD protector, low NCD penalty, and quick emergency assistance. It’s one of the cheapest options in Singapore because of the countless discounts and promotions.

Its car insurance also comes with an eCall assistance service that alerts the emergency team to help you in case of an accident. This really made them one of the best car insurance in Singapore for 2020. 


  • Fast emergency response
  • Low NCD penalty
  • Repair coverage

6.  HL Assurance Car Protect360

BEST FOR  Workshop coverage
SERVICES Car Insurance, Critical Illness Insurance, Travel Insurance, Fire Insurance, and Maid Insurance
ADDRESS 11 Keppel Rd, #11-01 ABI plaza, Singapore 0890
CONTACT DETAILS +65 6702 0202
OPERATING HOURS Monday – Friday, 9:00 AM – 6:00 PM

 HL Assurance’s Car Protect360 is the ideal insurance to get if you want maximum coverage on car repairs and maintenance. Since car services should be done regularly, you will be able to have your car checked and not spend any money.

Besides it being one of the cheapest insurance for car in Singapore, you can also be entitled to discounts and promos as long as requirements are met.

It also includes high medical coverage, daily transport allowance, and even 24/7 assistance, making it one of the best options out there.

With Car Protect360, you will never have to worry about spending money on something that could have been avoided in the first place. Due to this we recommend them to those wanting the best and lowest car insurance rates in Singapore.


  • Medical coverage
  • Roadside assistance
  • Discounts and promos

Customer Reviews

HL Assurance clients seem to think that they’re a dependable insurance company when it comes to car insurance:

“I would like to praise Jeffri’s and Sandy for their fast and excellent customer service. When I’m having difficulty completing the Motor Insurance quotation form online, I called the Customer Claim Hotline for assistance. Mr Jeffri, a Customer Sales Care staff, who was referred by Sandy from Customer Claim Department, patiently assisted me on my motor insurance quotation. Not only was the quotation swiftly issued, he also explained the motor cover in detail. Lastly, I believe Jeffri Mohammed is definitely an asset to HL Assurance and I am confident that his service will only get better each time.”


7.  sgCarMart

BEST FOR  Car insurance and car rentals
SERVICES Car Buy & Sell, Car Rentals, Car Insurance, and Accessories
ADDRESS 61 Ubi Ave 2, Automobile Megamart

6744 1514

[email protected]

OPERATING HOURS Monday – Friday, 10:00 AM – 6:30 PM

 sgCarMart doesn’t only cater to customers who are looking for car accessories, they also offer comprehensive car insurance plans that are cheap and accessible to everyone.

It’s the best company to go to if you’re intimidated by giant insurance corporations that offer inscrutable insurance packages.

You may choose from its multiple car insurance packages to ensure that your needs will be covered and your budget met. Despite offering one of the cheapest car insurance in Singapore, they still include necessary inclusions such accident coverage and third-party protection.


  • Roadside assistance
  • Competitive benefits
  • Cancellation refund

And with that, we conclude our list of the cheapest car insurance in Singapore! Any of these insurance plans will make sure that you’re constantly protected while driving on the road.

Do you know an option for cheap car insurance in Singapore that wasn’t included on our list? If so, share it with us by commenting below.

By the way, there are a lot of insurance packages in Singapore that will help you prepare for the future. If you want to be protected as early as now, then we suggest that you apply for the best life insurance in Singapore.