Sompo Car Insurance: Worth a Buy?

Sompo Car Insurance: Worth a Buy?

Sompo's car insurance is a great option for drivers who value affordability over maximising coverage

Good for

  • Luxury car owners looking to save money
  • Consumers looking for a policy that rewards loyalty and safe driving

Bad for

  • Drivers who carry passengers often
  • Those who want to choose their own workshop
  • Mid-priced car owners looking for budget-friendly plans

Editor's Rating


Luxury car owners looking for a low cost plan may find Sompo's attractive prices and solid coverage an enticing option. However, due to its static coverage amounts and uncompetitive premiums for owners of mid-priced sedans and SUVs, it may not benefit drivers looking for high coverage or budget-friendly plans

Summary of Sompo ExcelDrive Car Insurance
Has its own emergency response team (MARS)
Not the best option for those looking for high medical or passenger coverage
Plans cost below average for luxury car drivers, but above average for most other drivers
Repairs only at Sompo's workshops for Focus & Gold plans
No NCD Protection for Focus plan but Free NCD Protector (30% NCD and up) for Gold & Prestige plans

Sompo ExcelDrive Car Insurance Highlights

For luxury car drivers or single male drivers who care more about saving money than maximising benefits, Sompo's ExcelDrive can be a good choice to consider. Its three plans, the Focus, Gold and Prestige, consistently rank as some of the top most affordable policies when insuring cars like BMWs, Mercedes and Audis. Additionally, Sompo offers a number of ways to decrease your premium even further. This includes a 5% offense free discount, free NCD protection if your NCD is 30% and above for Gold and Prestige plans (other insurers usually charge extra), loyalty discounts and multiple car discounts.

this graph shows the cheapest car insurance premiums in Singapore for a male driver of a mid-sized sedan

ExcelDrive's overall coverage is not the most comprehensive, nor is it designed to cater to niche drivers. However, its emergency response service (MARS), waiver of standard excess, loss of use, repair warranty and personal accident coverage can appeal to drivers who want a plan designed to offer convenience for accident or damage related events. Additionally, Sompo covers a variety of events including damage or loss due to flood, natural disasters, typhoons and civil disobedience (riots/strikes). Towing costs are also reimbursed up to S$300 if you file an "own damage" claim after an accident. Lastly, there are options to purchase additional car accessory and personal accident coverage and an excess buy-up option where you can adjust your premium by changing your standard excess.

However, Sompo falls short in several areas. Its medical expenses benefit of S$500 is low compared to many other car insurance plans—even very cheap ones. Furthermore, Sompo's personal accident cover extends only to the policyholder and named drivers, and does not include coverage for passengers in your car. Thus, if you have a family or frequently carry passengers in your vehicle, this could be a significant drawback. If you want a policy that focuses on medical and accident protection, you can consider taking a look at a policy from an insurer like FWD or HL Assurance. Lastly, premiums for demographics like single women, married persons and young drivers are less competitive, so people looking for a low-cost plan that doesn't sacrifice coverage will find better options with insurers like Aviva or FWD.

Sompo ExcelDrive Focus

For single males looking for a budget car insurance plan, Sompo's ExcelDrive Focus plan can be appealing with its 10-15% below average premiums. Its coverage compares favorably to other cheap plans that may strike out benefits in important areas to keep their prices low. This includes medical, towing, personal accident coverage and emergency assistance.

The Focus plan also lets you waive your standard excess up to 50% or S$600 (whichever is lower) for one accident repair done at their preferred workshop. However, the Focus plan does cut out coverage for certain smaller benefits including loss of use and NCD protection. Furthermore, its premiums for female, married or young drivers under 30 are fairly uncompetitive. In fact, the Focus plan's premiums for those demographics either hover around the average or end up costing up to 10% above average. Thus if you are someone in those groups and are looking for a budget-friendly plan, you can consider insurers like FWD which include a plethora of benefits in their core plan for premiums that are 24% cheaper.

Sompo ExcelDrive Gold & Prestige

If you own a luxury vehicle and are looking for a low-cost option among top-tier car insurance plans, Sompo's Gold and Prestige plans may be appealing. The Gold and Prestige plans cost 15% and 5% below average, respectively, even when including budget-tier plans in the calculation. In terms of coverage, these plans add a free NCD protector if you have at least 30% NCD already, a loss of use benefit for S$100 per day for up to 10 days (highest on the market), and a waiver of up to S$1,000 of your standard excess on the first accident repair in the policy year. The main difference between the Gold and Prestige plans is that the Prestige plan lets you choose any workshop for repairs, making it a good option for those with luxury cars or have specialty car parts.

Though the Gold and Prestige plans may appeal as a low-cost option for luxury car owners or drivers willing to pay for safe-driving related discounts, we would not recommend these plans to those who are willing to pay more for higher coverage amounts. This is because medical, personal accident, towing and loss of use coverages don't increase from the Gold to the Prestige plan. Furthermore, drivers with mid-priced sedans or SUV's will find their premiums to cost between 5-20% above average. If you are willing to spend more to max out your coverage, or you want an affordable top-tier car insurance policy, insurers like Aviva or FWD could be more fitting.

Sompo TPO & TPFT Plans

Sompo's Third Party Only and Third Party Fire & Theft plans cover only what is legally required: Third-party liability coverage and fire/theft coverage for TPFT plans. They cost around 16% below the industry average for TPO and TPFT plans, so they can be a good option for cost-conscious drivers who have old cars that are not insurable under comprehensive policies. However, if you are looking to sacrifice coverage for the sake of a cheap policy, the TPO or TPFT plans will not be a good option. In fact, if your car is fully financed and you have a 50% NCD, you would actually be better off with Sompo's Focus plan as it is cheaper than the TPO and TPFT plans by around 25%.

Customisations & Other Options

Sompo ExcelDrive offers an excess buy up option where you can choose to increase your excess in exchange for lower premiums. The options are to buy down your excess up to S$200 for a lower excess but higher premium, or buy up your excess up to S$400 if you want a higher excess but lower premium.

Sompo ExcelDrive Claims Information

To file a claim successfully with Sompo, you must report the incident within 24 hours, even if there was no damage or you are not making a claim under your own policy. The type of claim you file depends on how you submit it: Third Party or Own Damage (accident or damage) claims are to be filed at an ExcelDrive workshop and loss of use or windscreen claims can be filed by mail or by email (provided below). Similar to other insurers, if you are late in reporting an accident you will receive a 10% penalty on your NCD.

Contact Information
Car Accident and Emergency Breakdown Assistance+65 6226 3323
Customer Service Hotline+65 6461 6555
Claims Email (for windscreen claims)[email protected]
Claims InformationClaim Forms
Mailing Address05-01/06 Land Tower, Raffles Place, Singapore Land Tower, Singapore 048623

Summary of Coverage

Knowing exactly what's in your car insurance policy can mean not having to spend hundreds of dollars on out of pocket costs if your car gets damaged. Below, we've outlined Sompo's coverage and applicable excesses. If you want to compare Sompo to other car insurers, you can read our guide to the best car insurance plans in Singapore.

Standard ExcessN/AS$300-900
Accidental Loss/DamageMarket ValueN/A
3rd Party Liability (Death)UnlimitedN/A
3rd Party Liability (Damage)S$5 MnN/A
Medical ExpensesS$500N/A
Death & Personal Accident (Driver)S$20,000N/A
Death & Personal Accident (Named Driver)S$10,000N/A
WindscreenUnlimited w/ Sompo WorkshopS$100
Roadside AssistanceYesN/A
Young Driver Excess (25 and under)N/AS$1,500
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.

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