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Smart car insurance in Singapore

Every Smart model we compare, ranked by today's lowest comprehensive premium, for a driver aged 40, married, with 10 years' driving and a 50% no-claim discount, on a 3-year-old car at an authorised workshop.

By , Writer · Prices as of 12 Nov 2026, GST included.

Buy at these prices through Shenton Insurance Brokers: https://shentonbrokers.com/car-insurance/smart

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.

Compare every insurer we price for a Smart #1 on one page: https://shentonbrokers.com/prices/car/smart-1

In short

  • Cheapest to insure: the Smart #1, from S$753.33 a year.
  • Dearest: the Smart #5, from S$830.22.
  • The middle Smart costs 4% less than the middle of every model we price.
  • Cheapest insurer most often: Allianz, on 3 of 3 models.
  • Electric: Smart #1, Smart #3, Smart #5.

Every Smart model, cheapest first

The lowest premium across every insurer we compare; open a model for every plan.
ModelFromInsurers
Smart #1electric; cheapest at AllianzS$753.33Buy Now5
Smart #3electric; cheapest at AllianzS$753.33Buy Now2
Smart #5electric; cheapest at AllianzS$830.22Buy Now3

Your own price depends on your age, driving record, NCD and the car's age: compare with your own details.

What would change the price

Today's lowest price for a driver aged 40 with a 50% NCD on the Smart #1 after one change.
ChangeLowest priceDifference
Repairs at any workshopInstead of the authorised workshop; the insurer picks from its own panel.S$815.57+S$62.24
Third party, fire and theftNo cover for damage to your own car in an accident you cause.S$944.99+S$191.66
Add an NCD protectorKeeps the 50% NCD after one claim.S$877.67+S$124.34

Why it costs this

For a driver aged 40 with a 50% NCD on the Smart #1:

  • The Smart #1 is electric: repairs and parts cost more at some insurers, so they price electric cars higher than petrol cars of the same size.
  • 13 insurers do not quote this driver online on this car: DirectAsia (This insurer has no online price for this car model yet); ECICS (ECICS does not list this model on its online quote); ERGO (This insurer has no online price for this car model yet); Etiqa (This insurer has no online price for this car model yet); Great American (This insurer has no online price for electric cars); HL Assurance (This insurer has no online price for this car model yet); India International (This insurer has no online price for electric cars); Liberty (This insurer has no online price for this car model yet); MS First Capital (MS First Capital does not quote electric cars online); QBE (This insurer has no online price for this car model yet); Singlife (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 has no online price for this car model yet).

Price history

For a driver aged 40 with a 50% NCD on the Smart #1: Since 2 Nov 2026 the lowest price is down S$287.96 (28%), and the cheapest insurer has changed 2 times.

WhenLowest priceCheapest insurer
Today 12 Nov 2026S$753.33Allianz
A week ago 5 Nov 2026S$753.33Allianz (estimate)

How these prices are worked out

Each price is what the insurer charges today for each Smart model for this driver, GST included: from the rates and plans 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 sells car insurance online. Every car model is in a CSV file, updated daily.

Buy Now addresses

Each listed insurer's best-value plan for Toyota Corolla Altis 1.6, 3 years old, 50% no-claim discount, lowest premium first.

Questions people ask

Which Smart is cheapest to insure?

The Smart #1, from S$753.33 a year at Allianz today, for a driver aged 40 with a 50% no-claim discount on a 3-year-old car.

Which insurer is cheapest for a Smart?

Allianz has the lowest price on 3 of the 3 Smart models we price today. The cheapest insurer for your own car depends on your details.

Is a Smart expensive to insure?

The middle Smart model costs S$753.33 a year at its cheapest insurer, 4% less than the middle of all 998 models we price (S$785.70).