The BYD M3e is an electric model with a 50.3 kWh battery. It is not on the new-car list now, and few insurers price it online. This guide sets out the costs we can show, and says where the facts run out.
The insurance figures are examples for one stated driver, as of 1 November 2026. They are a starting point, not your premium.
What the facts cover
The new-car list has no entry for the M3e on sale now. So there is no list price, power figure or body type to give. If you are looking at one, the seller's price and the COE left on the car will set what you pay.
The quote form prices the M3e 50.3 kWh. That is the version most insurers quote, and the figures below are for it.
How COE works for it
For an electric car, motor power decides the COE category. The price page says an M3e needs a Category A COE if its motor is 110kW (147bhp) or less. If the motor is stronger, it needs Category B.
In the October 2026, 2nd round, Category A closed at S$132,004 and Category B at S$131,901. The COE page shows newer rounds.
Road tax without a figure
Electric car road tax follows motor power. The facts do not give the M3e's motor power, so there is no road tax figure here. Once you know the motor's rating, the road tax page works out the yearly sum.
A surcharge applies to cars more than 10 years old:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
Two insurers on the standard profile
The BYD M3e price page prices these details:
- Car: M3e 50.3 kWh, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, 10 years' driving
- Record: 50% NCD, no claims
- Repairs: authorised workshop, no options
2 insurers price it, across three plans. The lowest premium is S$1,760.47 a year. The other insurer starts at S$2,017.63, S$257.16 more, or 15% on top. Its second plan is S$2,859.04. All include 9% GST.
Twelve insurers have no online price for this model. Some never quote electric cars online. With just two insurers, a quote on your own details is the way to see more of the market.
Excess against premium
The lowest premium carries a S$2,500 excess. The other insurer's two plans each carry S$300. So the lower premium asks far more of you when you claim. If you claim once, the excess gap can outweigh the premium saving. Set the two figures side by side. The two higher plans also differ from each other in price by a wide margin, so check what extra cover the dearer one adds.
What changes the price
The page shows the lowest price after one change:
- No NCD (0%): S$3,309.17, which is S$1,548.70 more
- 20% NCD: S$2,675.41, S$914.94 more
- Driver aged 27, 3 years' driving, 30% NCD: S$3,494.59, S$1,734.12 more
- Driver aged 65, 20 years' driving: S$1,933.55, S$173.08 more
- New car, registered this year: S$1,934.17, S$173.70 more
- Car 8 years old: S$1,158.96, S$601.51 less, with 6 insurers
The younger driver costs most, almost doubling the lowest price, up 99%. No NCD is close behind.
The older car case stands out. At 8 years old, 6 insurers price the M3e instead of 2, and the lowest price falls by S$601.51. If you are looking at an older car, that line is worth a close look. These are lowest prices only.
Six electric cars alongside
For the same driver and car age, the price page shows:
- BMW iX1: S$1,907.27
- Kia EV6: S$1,038.46
- Hyundai Ioniq 5: S$954.21
- Tesla Model Y: S$939.71
- Tesla Model 3: S$913.62
- Aion V: S$856.84
Their average lowest price is S$1,101.69. The M3e costs 60% more, and 5 of the 6 are cheaper to insure. Only the BMW iX1 costs more, and it has just 2 insurers pricing it, as the M3e does. Most of the others have more insurers pricing them, which widens their choice. The BYD car insurance page has other BYD models.
Costs you will need to size up
- Charging: your charging set-up, your tariff and how far you drive.
- Parking: season parking at home and at work, plus stops in between.
- ERP: depends on your routes and times.
- Servicing: follow the maker's schedule. Ask about the battery's condition and warranty.
- Depreciation: the price you pay against the price you sell for.
Summary of yearly costs we can show
For the BYD M3e 50.3 kWh:
- Road tax: no figure in the facts; the road tax page works it out from the motor rating
- Insurance, standard driver: from S$1,760.47 a year, with a S$2,500 excess (as of 1 November 2026)
- Insurance, no NCD: from S$3,309.17
- Insurance, driver aged 27 with 30% NCD: from S$3,494.59
- Insurance, car 8 years old: from S$1,158.96
There is no list price to show, as the new-car list has no current entry. COE in the October 2026, 2nd round closed at S$132,004 for Category A and S$131,901 for Category B.
Before you buy: car insurance for the BYD M3e
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the BYD M3e 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.