Best Cheap Car Insurance 2019

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.

Table of Contents

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

Consider this if you want the cheapest car insurance possible

Third Party Damage Coverage S$5,000,000
Workshop Type Any
Coverage for Loss/Damage to Vehicle 100% of Market Value
Promotion:
  • 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 review

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
TowingS$200N/AN/A
Car Replacement/Temporary TransportS$50/dayS$53.50N/A
Young/Inexperienced DriversN/AN/AS$500
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
TowingS$200N/AN/A
Car Replacement/Temporary TransportS$50/dayS$53.50N/A
Young/Inexperienced DriversN/AN/AS$500

Best Value Car Insurance: FWD Classic

Consider this if you want great value protection for your whole family or drive an SUV

Third Party Damage Coverage S$5,000,000
Workshop Type Authorised
Coverage for Loss/Damage to Vehicle 100% of Market Value
Promotion:
  • 20% off + S$150 CapitaVoucher with "BESTCAR"

For families who want a well-balanced yet budget-friendly car insurance, FWD's Classic plan is 30-40% cheaper than average for male and female sedan drivers and 15% cheaper for SUV drivers regardless of citizenship. The plan includes high personal accident, medical and car replacement coverage, lump payments for surviving children and adjustable excess options for young drivers.

One of FWD's notable benefits is its Lifetime NCD benefit when you reach 50% NCD, letting you keep your NCD even when you file a claim. Another great feature is that FWD pays up to the market value of your car in the event of an accident, and for its parts, fitting the parts and transporting the parts to Singapore if the accident were to happen in other countries. The recent addition of flood coverage and the ability to add named drivers at no additional cost (after the first one) makes FWD an insurer that provides generous coverage for nearly unbeatable prices.

Read our full review

FWD ClassicCoverageExtra CostExcess
Windscreen/Window CoverageUnlimitedN/AS$100
Personal Accident (Main Driver)S$30,000N/AN/A
Personal Accident (Passenger)S$10,000N/AN/A
MedicalS$1,000N/AN/A
TowingS$300N/AN/A
Car Replacement/Temporary TransportS$40/dayN/AN/A
Car AccessoriesS$500N/AN/A
Young Driver ExcessN/AN/AS$2,500
FWD ClassicCoverageExtra CostExcess
Windscreen/Window CoverageUnlimitedN/AS$100
Personal Accident (Main Driver)S$30,000N/AN/A
Personal Accident (Passenger)S$10,000N/AN/A
MedicalS$1,000N/AN/A
TowingS$300N/AN/A
Car Replacement/Temporary TransportS$40/dayN/AN/A
Car AccessoriesS$500N/AN/A
Young Driver ExcessN/AN/AS$2,500

Cheapest Car Insurance for Accident Coverage: Sompo ExcelDrive Focus

Consider this if you want to maximise savings and accident coverage

Third Party Damage Coverage S$5,000,000
Workshop Type Authorised
Coverage for Loss/Damage to Vehicle 100% of Market Value
Promotion:
  • S$50 Capitaland Voucher exclusively with ValueChampion and Vouch Insurance

Sompo's ExcelDrive Focus plan is a great option for cost-conscious consumers looking for peace of mind coverage, with premiums 20% cheaper than average for male drivers and 30% cheaper than average for female drivers. By clicking on the link above, you can save up to an additional 15% on your car insurance premium if you buy from our insuretech partner Vouch Insurance. Your No-Claim Rebate (NCR) can save you around S$200, provided you had zero at-fault claims in the policy year.

It provides great coverage against car damage and accidents, and is one of the few insurers providing coverage for damage caused by riots, strikes and civil unrest. Additionally, Sompo has its own emergency response team (MARS), which will arrive at the scene in 20 minutes to help you handle your accident. Another great feature is that you can insure up to two more additional drivers besides you and your spouse at no additional cost. However, you should note that Sompo's strict exclusion and no NCD protector for the Focus plan can deter drivers looking for flexible insurers.

Read our full review

Sompo ExcelDrive FocusCoverageExtra CostExcess
Windscreen/Window CoverageUnlmtdN/AS$100 (S$0 at appointed workshop)
Personal Accident (Main Driver)S$20,000N/AN/A
Personal Accident (Passenger)S$10,000N/AN/A
MedicalS$300N/AN/A
TowingS$300N/AN/A
AccessoriesVariedS$40-S$800N/A
Young/Inexperienced DriverN/AN/AS$1,500
Sompo ExcelDrive FocusCoverageExtra CostExcess
Windscreen/Window CoverageUnlmtdN/AS$100 (S$0 at appointed workshop)
Personal Accident (Main Driver)S$20,000N/AN/A
Personal Accident (Passenger)S$10,000N/AN/A
MedicalS$300N/AN/A
TowingS$300N/AN/A
AccessoriesVariedS$40-S$800N/A
Young/Inexperienced DriverN/AN/AS$1,500

Best Car Insurance Promotion: Etiqa Comprehensive

Consider this if you want steep promotional discounts on your car insurance

Third Party Damage Coverage Unlimited
Workshop Type Authorised
Coverage for Loss/Damage to Vehicle 100% of Market Value
Promotion:
  • 20% off + additional 5% off Fridays

Experienced drivers who can take full advantage of all of Etiqa's promotions at once can save up to 53% on their car insurance premium, resulting in prices 40% lower than the average comprehensive plan for sedans and SUVs. However, despite the low cost, Etiqa offers solid coverage including personal accident and medical coverage, towing expenses and loss of use benefits (if your car is at the workshop after an accident). For an additional fee, you can also protect your sun/moon roof or solar film.

This plan is best for older, experienced drivers for a few reasons. First, Etiqa has a pricey young/inexperienced driver excess of S$2,000. Furthermore, because it lacks accident coverage for your passengers, it may not be ideal for families. If you want to take full advantage of Etiqa's promotions, you should try buying Etiqa's insurance first thing Friday mornings as they have an additional 5% off every Friday and 30% off for the first 5 customers daily.

Read our full review

Etiqa ComprehensiveCoverageExtra CostExcess
Windscreen/Window CoverageUnlimitedN/AS$100
Personal Accident (Main Driver)S$20,000N/AN/A
Personal Accident (Passenger)N/AN/AN/A
MedicalS$1,000N/AN/A
TowingS$200N/AN/A
Car Replacement/Temporary TransportS$50/dayN/AN/A
Car AccessoriesS$2,000S$85.60 for sun/moon roofsN/A
S$1,000S$21.40 for solar film
Young Driver ExcessN/AN/AS$2,000
Etiqa ComprehensiveCoverageExtra CostExcess
Windscreen/Window CoverageUnlimitedN/AS$100
Personal Accident (Main Driver)S$20,000N/AN/A
Personal Accident (Passenger)N/AN/AN/A
MedicalS$1,000N/AN/A
TowingS$200N/AN/A
Car Replacement/Temporary TransportS$50/dayN/AN/A
Car AccessoriesS$2,000S$85.60 for sun/moon roofsN/A
S$1,000S$21.40 for solar film
Young Driver ExcessN/AN/AS$2,000

Cheapest Car Insurance for Young Millennials: Aviva Lite

Consider this if you are a young driver or have a lot of car accessories

Third Party Damage Coverage S$5,000,000
Workshop Type Any
Coverage for Loss/Damage to Vehicle 100% of Market Value
Promotion:
  • 18% off with "CAR18"; 23.5% off with "TMCC2000" for new customers (car engine > 2,000cc); addt'l 15% off MINDEF & MHA customers

For drivers aged 25-30 who want a cheap car insurance policy with great coverage for their belongings and car accessories, Aviva's Lite plan can be a great option. It costs around 45% less than average for the aforementioned age bracket. This makes it the cheapest plan on the market for young drivers, even with the S$2,500 young/inexperienced driver excess. Furthermore, this plan becomes the cheapest plan currently on the market regardless of age if you have a high NCD discount and use Aviva's 20% off promotion. MINDEF/MHA customers may see the greatest savings with this insurer, since Aviva offers an additional 15% off on top of current promotions. For more savings, you can opt for Aviva's 2 year plan that allows you to lock in a price at a 5% discount.

Aviva's child seat and unlimited car accessory(e.g. satellite navigation, radar detection) coverage is sure to impress drivers of accessory-laden cars. Aviva also covers damage from natural disasters and offers coverage for sunroofs, moon-roofs and other glass installations on your car. While other insurers charge extra for these benefits, Aviva includes them as part of their core plan, making Aviva attractive for those who want a cheap plan without sacrificing coverage. If you want to customise your coverage, there is also optional coverage for loss of keys, loss of use (replacement car) and additional personal accident protection.

Read our full review

Aviva LiteCoverageExtra CostExcess
Windscreen/Window CoverageUnlimited @ authorised repairerN/AS$100
Personal Accident (Main Driver)S$100,000S$53.50N/A
Personal Accident (Passenger)S$100,000S$53.50N/A
MedicalS$500N/AN/A
TowingUnlimitedN/AN/A
Car AccessoriesUnlimitedN/AN/A
Young/Inexperienced Driver (25 and under)N/AN/AS$2,500
Aviva LiteCoverageExtra CostExcess
Windscreen/Window CoverageUnlimited @ authorised repairerN/AS$100
Personal Accident (Main Driver)S$100,000S$53.50N/A
Personal Accident (Passenger)S$100,000S$53.50N/A
MedicalS$500N/AN/A
TowingUnlimitedN/AN/A
Car AccessoriesUnlimitedN/AN/A
Young/Inexperienced Driver (25 and under)N/AN/AS$2,500

Most Comprehensive Car Insurance

If you want the most comprehensive and generous car insurance plan, we found the insurers featured below to offer the best coverage for sedans. These insurers offer top-tier plans focusing on delivering excellent coverage with plenty of unique benefits and features.

Best All-Around Coverage: FWD Prestige Car Insurance

Consider this if you want to maximise coverage

Third Party Damage Coverage S$5,000,000
Workshop Type Authorised
Coverage for Loss/Damage to Vehicle 100% of Market Value
Promotion:
  • 20% off + S$150 CapitaVoucher with "BESTCAR"

For affluent families who want top accident and belongings coverage, FWD's Prestige plan can deliver above average coverage for towing, disability, medical and personal accident coverage. It also offers a courtesy car for up to three months and S$2,000 of coverage covers for personal belongings and car accessories if your vehicle gets stolen. Additionally, once you receive a 50% NCD, you are guaranteed to keep it for as long as you stay with FWD, regardless of claims.

Some smaller perks include $80 per occupant taxi coverage after an accident, payment for your children in the event of a catastrophic car accident and legal costs coverage for damaged caused by your car. What makes this plan even better is its 20% cheaper-than-average premium for sedans and 15% cheaper-than-average premium for SUVs.

Read our full review

FWD PrestigeCoverageExtra CostExcess
Windscreen/Window CoverageUnlmtdN/AS$100
Personal Accident (Main Driver)S$75,000N/AN/A
Personal Accident (Named Drivers)S$25,000N/AN/A
MedicalS$5,000N/AN/A
TowingS$500N/AN/A
Personal BelongingsS$2,000N/AN/A
Car AccessoriesS$2,000N/AN/A
Young/Inexperienced DriverN/AN/AS$2,500
FWD PrestigeCoverageExtra CostExcess
Windscreen/Window CoverageUnlmtdN/AS$100
Personal Accident (Main Driver)S$75,000N/AN/A
Personal Accident (Named Drivers)S$25,000N/AN/A
MedicalS$5,000N/AN/A
TowingS$500N/AN/A
Personal BelongingsS$2,000N/AN/A
Car AccessoriesS$2,000N/AN/A
Young/Inexperienced DriverN/AN/AS$2,500

Highest Coverage for Families: Aviva Prestige

Consider this if you are looking for maximum coverage for your family

Third Party Damage Coverage S$5,000,000
Workshop Type Any
Coverage for Loss/Damage to Vehicle 100% of Market Value
Promotion:
  • 18% off with "CAR18"; 23.5% off with "TMCC2000" for new customers (car engine > 2,000cc); addt'l 15% off MINDEF & MHA customers

Aviva Prestige is the best car insurance for families, especially those who have just bought a car and want maximum peace of mind benefits. Its prices are quite affordable—costing 10-15% below average for married drivers in addition to a young/inexperienced driver excess waiver. The lack of a young driver excess makes it especially valuable for parents who share their car with their kids, as they won't be liable for large out-of-pocket payments if their child gets into a car accident. Cash-strapped families who can't afford to sacrifice coverage can practice safe driving to get Aviva's 5% safe driver discount for NCD's of 50% or higher.

Aviva's benefits are plentiful with a focus on repair and accident coverage including roadside rescue, towing, on-site accident reporting and medical coverage for you and your passengers. You and your family will also get a free ride home following an accident (provided towing is necessary). If you want even more coverage, you can add on loss of keys, loss of use and additional personal accident coverage.

Read our full review

Aviva PrestigeCoverageExtra CostExcess
Windscreen/Window CoverageUnlimited @ authorised repairerN/AS$100
Personal Accident (Main Driver)S$20,000N/AN/A
Personal Accident (Passenger)S$20,000N/AN/A
MedicalS$1,000N/AN/A
TowingUnlimitedN/AN/A
Car AccessoriesS$500N/AN/A
Young/Inexperienced Driver (25 and under)N/AN/AS$2,500
Aviva PrestigeCoverageExtra CostExcess
Windscreen/Window CoverageUnlimited @ authorised repairerN/AS$100
Personal Accident (Main Driver)S$20,000N/AN/A
Personal Accident (Passenger)S$20,000N/AN/A
MedicalS$1,000N/AN/A
TowingUnlimitedN/AN/A
Car AccessoriesS$500N/AN/A
Young/Inexperienced Driver (25 and under)N/AN/AS$2,500

Best Car Insurance for Experienced Drivers: HL Assurance Car Insurance

Consider this if if you are a safe driver and want generous coverage for major and minor issues

Third Party Damage Coverage S$5,000,000
Workshop Type Authorised
Coverage for Loss/Damage to Vehicle 100% of Market Value
Promotion:
  • 25% off + Complimentary car servicing (drivers with 30%+ NCD)

If your focus is on maintaining your NCD (and being rewarded for it), HL Assurance's car insurance not only provides great all-around coverage but will also reward 50% NCD drivers with a 57% reduction on their premium—one of the highest NCD discounts on the market. Though it costs above average for non-NCD drivers, HL Assurance's premiums drop to around average if you hold a 50% NCD.

While the price may not be the cheapest, it is worth noting that HL Assurance's benefits are quite generous. You will be covered for damage caused by anything from riots to natural disasters, receive daily transportation allowance and have the option of authorising minor repairs—a very rare and valuable feature.

Read our full review.

HL Assurance ComprehensiveCoverageExtra CostExcess
Windscreen/Window CoverageUnlmtdN/AS$100
Personal Accident (Main Driver)S$20,000N/AN/A
Personal Accident (Passenger)S$10,000N/AN/A
MedicalS$1,000N/AN/A
TowingS$500N/AN/A
Loss of UseS$50N/AN/A
Car AccessoriesS$1,000N/AN/A
HL Assurance ComprehensiveCoverageExtra CostExcess
Windscreen/Window CoverageUnlmtdN/AS$100
Personal Accident (Main Driver)S$20,000N/AN/A
Personal Accident (Passenger)S$10,000N/AN/A
MedicalS$1,000N/AN/A
TowingS$500N/AN/A
Loss of UseS$50N/AN/A
Car AccessoriesS$1,000N/AN/A

Best Car Insurance for Accident Protection: NTUC Income Drivo Premium

Consider this if you want personalized service for claims and accident reporting

Third Party Damage Coverage S$5,000,000
Workshop Type Any
Coverage for Loss/Damage to Vehicle 100% of Market Value
Promotion:
  • “CAR150” for S$150 CapitaVoucher for cars 0-5 years old and minimum premium S$800^ (^Applicable for new sign-ups only)

If you want maximum protection against accidents, NTUC's Premium car insurance plan offers great accident-focused coverage as well as some peace of mind services via its Orange Force service.

With the Premium plan, you will get above average personal accident covers for drivers and passengers, coverage for natural disasters and theft and the choice of using any workshop. Additionally, you will have Income's Orange Force, a 24/7 accident response team which offers accident assistance including finding alternative transportation, removing vehicles and working in your best interests. This feature can be a great option for new drivers who would like additional legal and insurance assistance. Furthermore, because there is no extra excess for young/inexperienced drivers, Income can be a great option for first-time car buyers who under 27 or have less than two years driving experience.

Read our full review

NTUC Income PremiumCoverageExtra CostExcess
Windscreen/Window CoverageUnlmtdN/AS$100
Personal Accident (Main Driver)S$50,000N/AN/A
Personal Accident (Passenger)S$25,000N/AN/A
MedicalS$1,000N/AN/A
TowingS$500N/AN/A
Loss of UseS$50S$53.50N/A
Young/Inexperienced DriverN/AN/AS$2,500 (S$500 if +1 yr exp)
NTUC Income PremiumCoverageExtra CostExcess
Windscreen/Window CoverageUnlmtdN/AS$100
Personal Accident (Main Driver)S$50,000N/AN/A
Personal Accident (Passenger)S$25,000N/AN/A
MedicalS$1,000N/AN/A
TowingS$500N/AN/A
Loss of UseS$50S$53.50N/A
Young/Inexperienced DriverN/AN/AS$2,500 (S$500 if +1 yr exp)

Summary of Car Insurance Promotions

Car insurance get expensive, so it's always a welcome sight to see an insurer offering a great sale or discount on their premiums. Below, we have some of the top car insurance promotions available on the market, along with their promo codes (if necessary).

InsurerPromotion
FWD20% off + S$150 CapitaVoucher with "BESTCAR"Get a Quote
Etiqa20% off + additional 5% off FridaysGet a Quote
HL Assurance25% off + Complimentary car servicing (drivers with 30%+ NCD)Get a Quote
Budget DirectGet 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% offGet a Quote
SompoS$50 Capitaland Voucher exclusively with ValueChampion and Vouch InsuranceGet a Quote
NTUC Income25% off + Complimentary car servicing (drivers with 30%+ NCD)Get a Quote
Aviva18% off with "CAR18"; 23.5% off with "TMCC2000" for new customers (car engine > 2,000cc); addt'l 15% off MINDEF & MHA customersGet a Quote
InsurerPromotion
FWD20% off + S$150 CapitaVoucher with "BESTCAR"Get a Quote
Etiqa20% off + additional 5% off FridaysGet a Quote
HL Assurance25% off + Complimentary car servicing (drivers with 30%+ NCD)Get a Quote
Budget DirectGet 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% offGet a Quote
SompoS$50 Capitaland Voucher exclusively with ValueChampion and Vouch InsuranceGet a Quote
NTUC Income25% off + Complimentary car servicing (drivers with 30%+ NCD)Get a Quote
Aviva18% off with "CAR18"; 23.5% off with "TMCC2000" for new customers (car engine > 2,000cc); addt'l 15% off MINDEF & MHA customersGet a Quote

Frequently Asked Questions

Yes. Car insurance is a compulsory in Singapore.

A Third-Party Only (TPO) plan is the cheapest and most basic type of car insurance that only covers you for liability against the other party in the event of an accident. Third-Party, Fire & Theft (TPFT) plans cover liability and fire or theft and are more expensive than TPO plans but are around 10% cheaper than comprehensive plans. Both TPO and TPFT plans may be better options for drivers of cars over 10 years old. Comprehensive plans are the most expensive but are recommended for most drivers because they provide a wide breadth of benefits beyond liability and fire/theft such as personal accident, medical and car accessory coverage.

There are several things you should consider to get the best car insurance plan, ranging from the type of car insurance you'll need to your driving experience and budget. Car insurance is notoriously expensive, so the last thing you want to do is to purchase a plan that doesn't fit your needs.

First, there are three types of car insurance policies: TPO, TPFT and comprehensive plans. Knowing the type of coverage you want, whether it is basic fire coverage or comprehensive coverage can narrow your search significantly. Second, when choosing a plan you should consider the type of car you have and your driving experience. For instance, drivers of luxury or European cars that require specialised servicing may fare better with a comprehensive car insurance plan that lets you choose your own workshop. Furthermore, drivers with modified cars will have to find an insurance plan that covers their car's modifications. New drivers may benefit more from a plan offering a plethora of accident-related benefits such as emergency assistance and medical coverage. They should also keep an eye out the inexperienced/young driver excess. On the other hand, seasoned drivers may be better off with a plan providing simple but necessary coverage.

Last, your budget is another thing to consider when choosing a great plan. However, while price can be an important factor, it should not be more important than the coverage you need. The cheapest plan may not be the best option if you are a new driver, the driver of a luxury vehicle or own a family car. For instance, families may benefit more from plans that may be a bit more expensive but will provide coverage for personal belongings, child car seats and a loss of use (temporary car) benefit. If you want to save money on these more expensive options, you should compare rates from different insurers and look into increasing your NCD or signing up for a telematics plan where you get discounts based on good driving habits.

While insurers have similar exclusions, it is worth reading the policy wordings to make sure you know what is and isn't covered by your specific policy. Below, you'll find some common things you won't be covered for.

Common General Exclusions
Depreciation, wear & tearDamage to tyres or rims (unless other parts were also damaged in an accident)
Loss or damage of your car's softwareLoss or damage due to negligence
Loss or damage caused by lawful repossessionLoss or damage caused by war or other enemy acts
Driving a car not in roadworthy conditionDriving a car with unapproved modifications
Driving without a valid license or having a suspended licenseDriving under the influence
Intentional self-injury or suicideAny form of racing or motor competition

You can choose to pay the full amount (the annual premium) or if your insurer gives you the option, you can pay in monthly instalments.

Yes. Your car insurance should cover you when driving in west Malaysia (including Penang) and in Southern Thailand as long as it is within 80 kilometres of its border with west Malaysia.

Methodology

To arrive at our decision for the best car insurance for the average driver, we collected data on car insurance costs and benefits for a 45-year old male (the average Singaporean age) driver from 12 insurers. To find the average pricing for the average sedan and SUV, we averaged the policy premiums for 4 most popular sedan models (Honda Civic, Mazda 3, Hyundai Elantra and Toyota Corolla Altis) and the 3 most popular SUV models (Nissan Qashqai, Honda HR-V and Toyota Harrier) on the Singapore market. SUVs are generally more expensive than sedans due to their propensity for being riskier vehicles and male and female drivers saw different premiums, with females seeing cheaper pricing across the board.

Additionally, we took into consideration whether an employment pass holder and other foreigners could purchase the car insurance and whether or not their premiums would increase. Thus, the insurers mentioned above consistently won across all driver profiles as either being the cheapest or most comprehensive.

Anastassia Evlanova

Anastassia is a Research Analyst at ValueChampion Singapore, focusing on insurance. She graduated with Honors from Mohawk College with a postgraduate diploma in International Business Management and holds a B.A. in Economics from New York University. Her prior working experience includes work in the capital markets sector.

Comments and Questions

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