Typical car insurance quotes
BYD M3e insurance for a 23-year-old new driver
Every insurer's price today for a driver aged 23, single, driving 1 year, no no-claim discount, on a 3-year-old BYD M3e 50.3 kWh, private use, comprehensive cover, repairs at an authorised workshop.
In short
On 12 Nov 2026, the cheapest comprehensive car insurance for a BYD M3e driven by a 23-year-old new driver is S$5,248.61 a year (GST included) at AIG, AIG Car Insurance Collision Only; 2 insurers quote this driver online, up to S$7,550.46 at Singlife.
Compare every insurer we price for a BYD M3e on one page: https://shentonbrokers.com/prices/car/byd-m3e
Buy at these prices through Shenton Insurance Brokers: https://shentonbrokers.com/car-insurance-quotes/byd-m3e/age-23-new-driver
Car insurance promotions today: HL Assurance, 25% off; Etiqa, 20% off, new customers only. Prices shown include discounts from featured insurers; other insurers are shown at full price with no discount.
- 2 insurers quote this driver online; 14 do not.
- That is 6.8 times what a 40-year-old with a 50% NCD and no claims pays for the same car (S$771.52).
Insurer by insurer
| Insurer | Premium | Excess | Workshop | Windscreen | Personal accident |
|---|---|---|---|---|---|
| AIGAIG Car Insurance Collision OnlyBuy Now | S$5,248.61 | S$1,000.00 | Authorised workshops | Optional add-on | Not included |
| SinglifeMotor LiteBuy Now | S$7,550.46 | S$300.00 | Authorised workshops | Yes, S$100 excess | Not included |
No online price for this driver: Allianz (This insurer's online price is for main drivers aged 25 or over); DirectAsia (We have DirectAsia’s price for one standard driver only (40 years old, 50% NCD, no claims, car 5 years old). It shows no price for your details here); ECICS (ECICS quotes main drivers aged 26 to 70 online); ERGO (This insurer has no online price for this car model yet); Etiqa (This insurer's online price is for main drivers aged 24 or over when cover starts); Great American (This insurer has no online price for electric cars); Great Eastern (This insurer's online price is for main drivers aged 26 or over); HL Assurance (HL Assurance insures main drivers aged 27 to 64 online); India International (This insurer has no online price for electric cars); Liberty (This insurer's online price is for repairs at any workshop); MS First Capital (MS First Capital does not quote electric cars online); QBE (This insurer has no online price for this car model yet); Sompo (This insurer has no online price for this car model yet); UOI (This insurer's online price is for repairs at any workshop).
See this quote on the results page, with every plan and filter. Budget Direct, FWD, Income, MSIG quote live there with your own answers, so they are not in this table.
What would change the price
| Change | Lowest price | Difference |
|---|---|---|
| Repairs at any workshopInstead of the authorised workshop; the insurer picks from its own panel. | S$5,266.63 | +S$18.02 |
| Third party, fire and theftNo cover for damage to your own car in an accident you cause. | S$3,293.65 | −S$1,954.96 |
| Next year, with a 10% NCDAfter a year with no claim, at today's prices. | S$4,427.22 | −S$821.39 |
Why this driver pays this
- A driver in the first year of driving has no record to go on, so insurers charge a new-driver loading and there is no no-claim discount to take off. Young drivers, under about 26, pay a further loading at most insurers.
- The BYD M3e is electric: repairs and parts cost more at some insurers, so they price electric cars higher than petrol cars of the same size.
- 14 insurers do not quote this driver online on this car: Allianz (This insurer's online price is for main drivers aged 25 or over); DirectAsia (We have DirectAsia’s price for one standard driver only (40 years old, 50% NCD, no claims, car 5 years old). It shows no price for your details here); ECICS (ECICS quotes main drivers aged 26 to 70 online); ERGO (This insurer has no online price for this car model yet); Etiqa (This insurer's online price is for main drivers aged 24 or over when cover starts); Great American (This insurer has no online price for electric cars); Great Eastern (This insurer's online price is for main drivers aged 26 or over); HL Assurance (HL Assurance insures main drivers aged 27 to 64 online); India International (This insurer has no online price for electric cars); Liberty (This insurer's online price is for repairs at any workshop); MS First Capital (MS First Capital does not quote electric cars online); QBE (This insurer has no online price for this car model yet); Sompo (This insurer has no online price for this car model yet); UOI (This insurer's online price is for repairs at any workshop).
Price history
Since 2 Nov 2026 the lowest price is unchanged, and the cheapest insurer has changed once.
| When | Lowest price | Cheapest insurer |
|---|---|---|
| Today 12 Nov 2026 | S$5,248.61 | AIG |
| A week ago 5 Nov 2026 | S$5,248.61 | AIG (estimate) |
The BYD M3e
- Priced as a BYD M3e 50.3 kWh (electric), registered 3 years ago.
- A fully electric BYD M3e needs a Category A COE (S$139,001 in the November 2026, 1st round) if its motor is 110kW (147bhp) or less, and a Category B COE (S$132,334 in the November 2026, 1st round) if it is more powerful.
- For a 23-year-old new driver, the BYD M3e is the 667th cheapest of 856 car models to insure. Among 91 electric cars it is 15th cheapest, 17% less than the middle price of S$6,334.48.
- BYD M3e review: list price, COE, road tax and insurance.
| Car | Lowest price | Cheapest insurer |
|---|---|---|
| Aion ES | S$4,237.45 | AIG |
| Aion V | S$4,689.05 | AIG |
| Tesla Model 3 | S$6,483.78 | Sompo |
| Tesla Model Y | S$6,483.78 | Sompo |
| Hyundai Ioniq 5 | S$6,811.19 | Singlife |
| BMW iX1 | S$7,508.54 | Sompo |
| Kia EV6 | S$8,039.41 | AIG |
How these prices are worked out
Each price is what the insurer charges today for these answers, GST included: from the rates insurers publish or quote on their own sites, checked against their online quotes every week. Shenton Brokers is an insurance broker in Singapore and compares every insurer that quotes this driver online. Budget Direct, FWD, Income, MSIG quote live with your own answers on our results page, so they are not in these figures. The figures for every driver on this car are in a CSV file, updated daily.
The BYD M3e for every driver · Other cars for this driver · Compare with your own details.
Questions people ask
How much is BYD M3e insurance for a 23-year-old new driver?
From S$5,248.61 a year today at AIG, up to S$7,550.46 at Singlife, across the 2 insurers that quote this driver online. That is for a driver aged 23, single, driving 1 year, no no-claim discount, on a 3-year-old BYD M3e 50.3 kWh, private use, comprehensive cover, repairs at an authorised workshop.
How does that compare with a typical driver?
The lowest price is 6.8 times the S$771.52 a 40-year-old with a 50% NCD and no claims pays for the same BYD M3e.
What would lower the price?
Next year, with a 10% NCD: the lowest price becomes S$4,427.22, S$821.39 less than today's S$5,248.61. After a year with no claim, at today's prices.
Has the price changed?
Since 2 Nov 2026 the lowest price is unchanged, and the cheapest insurer has changed once.
Which insurers do not quote a 23-year-old new driver for a BYD M3e online?
Allianz (This insurer's online price is for main drivers aged 25 or over); DirectAsia (We have DirectAsia’s price for one standard driver only (40 years old, 50% NCD, no claims, car 5 years old). It shows no price for your details here); ECICS (ECICS quotes main drivers aged 26 to 70 online); ERGO (This insurer has no online price for this car model yet); Etiqa (This insurer's online price is for main drivers aged 24 or over when cover starts); Great American (This insurer has no online price for electric cars); Great Eastern (This insurer's online price is for main drivers aged 26 or over); HL Assurance (HL Assurance insures main drivers aged 27 to 64 online); India International (This insurer has no online price for electric cars); Liberty (This insurer's online price is for repairs at any workshop); MS First Capital (MS First Capital does not quote electric cars online); QBE (This insurer has no online price for this car model yet); Sompo (This insurer has no online price for this car model yet); UOI (This insurer's online price is for repairs at any workshop).
Is this the price I will pay?
It is the price each insurer quotes online for these answers today, GST included. Your own car, its age, your record and the options you choose change it; the quote form asks for yours.