Owning a car in Singapore means meeting its costs in a set order. First the COE, which decides how long the car can stay on the road. Then road tax, every year. Then car insurance, at every renewal. This page follows that order for the BMW 218i Gran Coupe, with dated figures where we have them.
On insurance, the prices are examples read on 20 October 2026 for one stated driver and car. Your own quote will depend on your details. Read them as a guide.
Which car this is
The quote form lists the BMW 218i Gran Coupe with a 1,499cc engine. That is the car priced here. The new-car list has no entry for it now, so there is no list price, power or body type on this page, and any you find will be used.
1. The COE
For the 218i Gran Coupe's 1,499cc engine, the COE category depends on power. It needs a Category A COE if its power is 97kW (130bhp) or less, and a Category B COE if it is more.
In the October 2026 1st round, Category A closed at S$130,001 and Category B at S$130,100. Those figures change every round; see the COE page.
When you buy used, the COE is part of what you pay for. A car with more COE years left should cost more than one near expiry. Ask for the end date before you agree a price.
2. Road tax
For a 1,499cc engine, LTA's formula gives S$683.66 a year, before any age surcharge.
Older cars pay a surcharge on top:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The surcharge rises a step each year from 10 to 14, so a car's age feeds straight into this bill. A car kept on a renewed COE will often be paying one of these steps, so ask the seller for the registration date. The road tax page shows the working.
3. Car insurance
The BMW 218i Gran Coupe price page prices this case:
- Car: 218i Gran Coupe, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 to 19 years
- Record: 50% no-claim discount (NCD), no claims
- Repairs: authorised workshop, no options
14 insurers price it for that driver. The lowest premium is S$700.28 a year. The insurer whose lowest plan is the dearest asks at least S$2,705.55. That is S$2,005.27 more, or 286% on top. All prices include 9% GST.
Put plainly, the dearest lowest plan costs nearly four times the lowest premium. On this car, choosing where to insure is the single biggest cost decision after the purchase. A few prices on the page are estimates, so the insurer's own quote has the final figure.
Excess
Most plans set the excess, your share of each claim, at S$600. Others are S$500, S$750 or S$800. Three ask S$2,500, one asks S$3,000, and one has none. Compare the excess along with the premium.
How the premium changes with you
The price page lists the lowest premium after one change:
- No NCD (0%): S$1,381.13, S$680.85 more
- 20% NCD: S$1,179.41, S$479.13 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,360.42, S$660.14 more
- Driver aged 65, 20 or more years' driving: S$700.28, the same
- A new car, registered this year: S$721.59, S$21.31 more
- A car 8 years old: S$642.42, S$57.86 less
The NCD is the big one. With none, the lowest premium is 97% higher, close to double. A younger driver with a short record pays nearly as much. The car's age matters little: an 8-year-old car costs S$57.86 less at the lowest price.
These are lowest prices only. Plans higher up the list can move by different amounts, so check the whole list for your own case.
Similar cars on the same terms
For the same driver and car age, the price page compares six cars:
- Mazda 3: S$927.36
- Mercedes-Benz GLB: S$787.96
- Hyundai Kona: S$721.59
- Toyota Corolla Altis: S$642.42
- Honda Freed: S$642.42
- Toyota Sienta: S$604.07
Their average lowest price is S$720.97. The 218i Gran Coupe is 3% below that. Three of the six are cheaper to insure: the Corolla Altis, the Freed and the Sienta. More BMW models are on the BMW car insurance page, and the cheapest cars to insure page ranks more.
4. The costs you set yourself
- Parking: season parking at home, plus parking at work and around town.
- Petrol: depends on your distance and the pump price.
- ERP: depends on the roads you use and when.
- Servicing and repairs: ask for the service history, and what is due soon, such as tyres or a battery.
- Depreciation: set by the price you pay and the COE years left when you sell.
Summary of yearly costs we can show
For the BMW 218i Gran Coupe (1,499cc), dated:
- Road tax: S$683.66 a year, before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$700.28 a year (20 October 2026)
- Insurance, no NCD: from S$1,381.13
- Insurance, car 8 years old: from S$642.42
If you need a new COE, the October 2026 1st round closed at S$130,001 (Category A) or S$130,100 (Category B). No list price is shown, as the car is not on the new-car list.
Before you buy: car insurance for the BMW 218i Gran Coupe
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the BMW 218i Gran Coupe to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.