Budget Direct Car Insurance Review: Should You Get It?

Budget Direct Car Insurance Review: Should You Get It?

Budget Direct offers a car insurance plan that sets itself apart by offering almost unbeatable premiums for experienced drivers.

Good for

  • Low-risk drivers seeking the cheapest possible premiums
  • People seeking a highly customizable plan
  • People seeking a great deal on TPO and TPFT car insurance

Bad for

  • People willing to spend a little more to ensure maximum peace of mind
  • Higher-risk drivers

Editor's Rating


Budget Direct Insurance promises market-beating car insurance premiums sure to entice safe and experienced drivers whose priority is to minimise their costs. However, if you are looking for an all-encompassing plan with a lot of protection, Budget Direct may not give you the benefits you desire.

Budget Direct Comprehensive
40-46% below market average premiums for drivers with 50% NCD
Not the best option for high-risk drivers
Great option for drivers with a flawless track record, even young drivers
Have to pay extra for personal accident and medical coverage
Covers COE cars up to 15 years old
Promotion: Use our exclusive Affinity Code/Buddy ID "VALUE5" for extra 5% off; Get up to S$100 in a NETS FlashPay card till 25 Sept when you purchase a Comprehensive policy

Budget Direct Car Insurance Highlights

Budget Direct offers unbeatable premiums for low-risk, experienced drivers. Since many other insurers increase their premiums due to a plethora of peace-of-mind features that may not always be necessary, a cost-conscious consumer in Singapore can be hard-pressed to find a car insurer that focuses on providing only the lowest prices. Budget Direct, on the other hand, strips its coverage to include only the bare essentials—allowing it to keep its premiums up to 40-50% below average regardless of gender and NCD. Also, if you are an existing customer, you can save up to 10% on your premium when you insure a second car, bike or when you purchase annual travel insurance.

Budget Direct's core features include coverage for third-party property damage, third-party death or injury, your car's loss/damages, windshield repair and towing. Loss/damage coverage includes fire, flood, fallen trees and natural disasters, as well as damage done by vandalism or theft. Another feature that makes it stand out is its low named young and inexperienced driver excesses of S$500 each, compared to the usual YIDR excess of around S$2,500. This can save you a lot of money if you are a parent sharing a car with a child over 20 years old.

This graph shows the cheapest car insurance prices for a 45 year old male in Singapore

While Budget Direct stands out due to its price, it may not provide enough coverage for families or young/inexperienced drivers who want coverage for personal belongings or accessories. However, it is possible to top up your plan with some add-ons if you want a little bit more comprehensive coverage, though it won't cover niche items like car seats or personal belongings. Thus, customers who are less sensitive to price and are looking for built-in perks or value-added optional features may do better with plans like FWD.

Customisations & Other Options

Budget Direct Insurance caters to the cost-conscious by providing coverage usually offered as part of the core plan as optional add-ons. These benefits include personal accident and medical coverage, 24 hour roadside assistance, modifications and accessories coverage, loss of use transport allowance, NCD protection and an overseas emergency allowance feature.

Additionally, if you want more freedom in who you let drive your car, you can opt for Budget Direct's Authorised Driver plan—which is around 15% more expensive than the Named Driver Plan. Drivers in the market for Third-Party car insurance plans might also consider taking a closer look at Budget Direct, which our research has shown tends to offer extremely competitive premiums for TPO and TPFT policies.

Additional BenefitsAmountCost
Loss of UseS$50 per dayS$64.20
Personal AccidentS$20,000S$32.10
Medical CoverageS$500S$21.40
24-Hour Roadside AssistanceN/AS$26.75
NCD Protector (30%+)1 claimS$100.43
Upgrade to Any WorkshopS$186.88

Claims Information

To file a claim with Budget Direct, you can download the corresponding form and either submit via email, fax, call or visit their branch. You will be directed to a claims executive who will be responsible for handling your claim and will have access to a 24/7 after-hours emergency line.

Contact Information
Customer Service+65 6221 2111
Claims Hotline (24 Hours)+65 6221 2199
Claims InformationClaim forms
Claims E-mail[email protected]
Mailing Address190 Clemenceau Avenue, #03-01, Singapore Shopping Centre, Singapore 239924

Features and Benefits Included in Budget Direct's Car Insurance Plan

Making sure your car insurance plan matches both your budget and your desired level of coverage is vital to ensuring adequate protection on the road. Below, you'll find a summary of Budget Direct's core features and benefits. If you want to compare it to other plans on the market, we've prepared a guide on the best car insurance policies in Singapore.

General Policy ExcessN/AS$600
Accidental Loss/DamageMarket ValueN/A
3rd Party Liability (Death)UnlimitedN/A
3rd Party Liability (Damage)S$5 MnN/A
Young Driver Excess (under 25)N/AS$500
Anastassia Evlanova

Anastassia is a Senior Research Analyst at ValueChampion Singapore, focusing on insurance. She holds degrees in Economics and International Business Management and her prior working experience includes work in the capital markets sector. Her analyses surrounding insurance, healthcare, international affairs and personal finance has been featured on AsiaOne, Business Insider, DW, Vice, Her World, Asia Insurance Review, the Australian Institute of International Affairs and more.

Comments and Questions

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