In Singapore, it is mandatory to have your car insured. But, when you hear the word “insurance”, you tend to think of it as “expensive”. As we all know, paying for car repairs, as well as maintenance is kind of a serious matter. Therefore, getting yourself car insurance is the best way to avoid sudden payment for car services. The first thing you need to do is to find suitable car insurance, which can probably take you a lot of time. Fortunately, to make things easier for you, we have compiled the best cheapest car insurance companies in Singapore. This is not just a simple list, but a thing that will help you save more money in the future! Let’s begin.

Here are the best and cheapest car insurance companies in Singapore:

1. Budget direct comprehensive: The cheapest car insurance for Sedan and SUVs

Budget Direct Insurance
Image source: Budget Direct Comprehensive

This car insurance company is the best choice for Sedan and SUV owners. If you want the cheapest car insurance plan possible, you might want to consider Budget Direct Comprehensive. They provide car protection but with little pay as possible. One of the reasons why it is among the cheapest car insurance in Singapore is you do not need to transact with agents or agencies. For this reason, you can be able to save more money, right?

Their car insurance inclusions are personal accident coverage, medical expenses, towing, transport allowance, and windscreen/window damages. Besides, the good thing about Budget Direct is they have 24/7 emergency customer service that you can count on regardless of time.

For more information about Budget Direct, you can visit their website or reach them at their office 190 Clemenceau Ave. #03-01 Singapore Shopping Centre, Singapore 239924 or contact them at +65 6221 2111.

2. FWD Car Insurance: The best value car insurance

Image source: FWD web page

If you want to ensure great value protection for your family, FWD car insurance is the right one for you. This car insurance company surely provides well-balanced and affordable plans. At the same time, it has notable benefits to offer. Just so you know, FWD is the car insurer, which offers a lifetime NCD benefit if you reach 50% NCD. They can let you keep your NCD even when you file a claim. Apart from that, they also offer roadside assistance for accidents and even for non-accident reasons.

Their car insurance inclusions are windscreen/window damages, personal accident coverage for the main driver, personal accident coverage for passenger, medical expenses, towing, temporary transport, and car accessories.

For inquiries, you can check FWD’s official website or reach them by contacting +65 6820 8888. You can also visit them personally at 6 Temasek Blvd. #18-01 Suntec Tower Four, Singapore 038986.

3. Aviva car insurance: The cheapest car insurance for millennials

Image source: Aviva official site

Aviva car insurance is a good choice if you are looking for a reliable emergency assistance plan. It is one of the leading car insurance companies in the world. Aside from being known worldwide, Aviva offers cheap car insurance plans in Singapore. Their car insurance inclusions are windscreen/window damages, personal accident coverage for the main driver, personal accident coverage for passenger, medical allowance, towing, and car accessories.

Aviva lets you choose from three available car insurance plans: Lite, Standard, and Prestige. Lite plan is the cheapest where most drivers avail. It allows your car to be repaired in over 30 workshops islandwide. Also, it is highly recommended for young millennial drivers.

If you are interested, check their website, contact them +65 6827 7988, or visit them personally at 4 Shenton Way, SGX Centre 2 #01-01, Singapore 068807.

4. Income Drivo Premium Car insurance: The best car insurance for accident protection

NTUC Income Logo
Image source: Income Drivo website

Income is one of the most popular car insurers in Singapore. They are providing a 24/7 emergency hotline assistance team. They are very reliable when it comes to emergencies such as arranging medical help, vehicle removal and sorting out your insurance claims.

 Their car insurance inclusions are windscreen/window damages, personal accident coverage for the main driver, personal accident coverage for passenger, medical allowance, towing, and loss of use.

Also, we consider Income as one of the cheapest car insurance in Singapore since there is no extra excess for young and inexperienced drivers. You should consider Income if you are a first-time car buyer or you only have less than two-year experience on driving. For additional information, you can visit the Income website.

5. Etiqa Car insurance: The best car insurance promotions

Motor Product
Image source: Etiqa web page

Etiqa Car Insurance is the one you are looking for if you want to steep promotional discounts when it comes to your car. Aside from affordable promos, Etiqa is a digital insurer, so everybody can expect a faster and hassle-free buying experience. You can just submit your repair claims online for up to $5,000. In just 30 minutes, Etiqa can verify and pay it out. Cool right?!

Their car insurance inclusions are windscreen/window damages, personal accident coverage for the main driver, medical allowance, towing, transport expenses, and car accessories for added feature.

With Etiqa, you can get to choose from comprehensive, third-party, and third-party fire and theft packages. The good thing about these packages is that any of these will surely compensate you properly in case your car gets on to something. For inquiries, you can reach them through their official website or contact them at +65 6887 8777.

6. HL Assurance Comprehensive: The best car insurance for experienced drivers

HL Assurance
Image source: HL official website

One of the cheapest car insurance in Singapore is HL Assurance. If you are a safe and experienced driver and looking for generous coverage of any type of car issues, you should not miss this out. For sure, you’ll want to get the maximum coverage for car repairs and maintenance and HL will assure that for you. Your car may get checked without having to spend any amount. Since HL is one of the cheapest car insurers, you can also get promotional discounts as long as you meet their requirements.

Their car insurance inclusions are windscreen/window damages, personal accident coverage for the main driver and passenger, medical allowance, towing, loss of use, and car accessories.

For inquiries, you can contact HL Assurance at +65 6702 0202 or visit them at their location, 11 Keppel Road, #11-01 ABI Plaza, Singapore 0890. Also, you can check their site for additional information.

7. sgCarMart: The best car insurance and rentals

sgcarmart logo
Image source: sgCarMart web page

Though it looks like only for customers looking for car accessories, sgCarMart also offers car insurance plans, which is one of the cheapest in Singapore. They ensure that everybody’s needs are covered while meeting your budget. You can choose from their multiple car insurance packages, which are all very affordable and accessible to everyone. Their car insurance inclusions are accident coverage, third-party protection, and roadside assistance.

If you are kind of intimidated with other car insurance companies offering high insurance packages, sgCarMart could be your go-to place.

Compare Car Insurance Before Availing

We have listed above the top 7 cheapest options for car insurance in Singapore. It is very important to know what your needs are and compare car insurances to pick the best for you. Luckily, you can make the best out of car insurance without spending too much money. With this cheapest car insurance above, for sure, you do not have to worry about something you can avoid from the start. So, do not waste any more time, insure your car and have fun driving!

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