Families looking at an electric MPV will likely come across the BYD M6. Before you weigh it up, it helps to know the yearly bills it brings. This page works through them in order, using dated figures only.
One point first. The insurance prices are examples for a single stated driver, read on 20 October 2026. They are useful for comparison, but they are not your quote.
One version on the list
On 2026-10-10 the new-car list showed a single M6. It is an MPV made in China:
- BYD M6 Electric 7-Seater 71.8 kWh: electric, 134bhp
The quote form names it the BYD M6, and the insurance figures below are for that car.
The list price
As listed on 2026-10-10, the M6 cost S$187,888, with COE included at that day's level.
Every COE round can shift that figure. Ask the dealer for a written price on the day. Check which extras, such as a charger or registration fees, sit inside the price and which are added on top.
Which COE it needs
For electric cars, the COE category depends on motor power. The price page states the rule for the M6. A fully electric M6 needs a Category A COE if its motor is 110kW (147bhp) or less. If it is more powerful, it needs a Category B COE.
The October 2026 1st round closed at S$130,001 for Category A and S$130,100 for Category B. The COE page lists the most recent bids.
Road tax
Electric cars pay road tax by motor power. The M6's 134bhp (100kW) motor gives S$1,501.56 a year under LTA's formula, before any age surcharge.
A car older than 10 years pays more:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The road tax page covers other cars and engine sizes.
Insurance for a family's main driver
The BYD M6 price page uses one standard profile, which fits a typical family's main driver:
- Car: BYD M6, 3 years old, 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
On that profile, 10 insurers price the M6. The lowest premium is S$799.24 a year. At the top, the insurer whose lowest plan is dearest asks at least S$2,112.88. That is S$1,313.64 more, or 164% on top. Prices include 9% GST.
The lowest price is for a plan described as collision only. The fuller plan from the same insurer is S$1,049.71. When you compare, set plans with similar cover side by side.
Excess and workshops
Most plans on the page have a S$600 excess. Across the list it runs from S$0 to S$2,500. One plan is for repairs at any workshop and carries a S$900 excess. The rest are for authorised workshops.
Insurers that give no online price
Six insurers on our panel give no online price for the M6. Two do not quote electric cars online. One prices only any-workshop cover, and the others have no price for this model yet. So the online choice is narrower than for many petrol cars.
Who pays more, and by how much
The price page shows the lowest price when one detail changes:
- No NCD (0%): S$1,208.59, S$409.35 more
- 20% NCD: S$1,208.59, S$409.35 more
- A younger driver, aged 27, 3 years' driving, 30% NCD: S$1,208.59, S$409.35 more
- An older driver, aged 65, 20 or more years' driving: S$980.51, S$181.27 more, 9 insurers pricing
- A new car, registered this year: S$1,208.59, S$409.35 more, 9 insurers pricing
- A car 8 years old: S$785.53, S$13.71 less
A young driver in the household pays the same lowest price as someone with no NCD. That is a rise of 51% on the standard driver.
An older driver also pays more, by S$181.27 at the lowest price.
A brand-new M6 costs more to insure than a 3-year-old one at the lowest price. An 8-year-old car costs slightly less.
These figures are lowest prices only. Dearer plans may move in other ways.
The M6 beside other electric cars
The price page lines up six similar electric cars for the same driver and car age:
- Hyundai Ioniq 5: S$954.21
- Mercedes-Benz EQA: S$1,005.26
- Kia EV6: S$1,038.46
- Tesla Model 3: S$1,093.31
- Tesla Model Y: S$1,147.48
- Audi e-tron Electric: S$1,505.85
Those six average S$1,124.10 at their lowest price. The M6 comes in 29% below that, and none of them is cheaper to insure on these details. The BYD Atto 3 and other models from the make are on the BYD car insurance page.
Questions to ask yourself
- Who will drive it most? A young or older main driver changes the premium more than the car's age does.
- Is your NCD safe? Without it, the lowest price rises sharply.
- Where will you charge? Home, condo and public charging costs differ, and only you know your mix.
- Where will you park? Season parking at your HDB block or condo is a fixed monthly cost.
- How will you use the roads? ERP charges depend on your routes and times.
- What does the warranty cover? Ask about the battery as well as routine servicing.
Depreciation over the COE life is the other large cost. It depends on what you pay and what the car fetches later.
Summary of yearly costs we can show
For the BYD M6, dated as shown:
- Road tax: S$1,501.56 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$799.24 a year (20 October 2026)
- Insurance, younger driver or no NCD: from S$1,208.59
- Insurance, a car 8 years old: from S$785.53
For reference, the one-off costs: S$187,888 as listed on 2026-10-10, and a COE in the October 2026 1st round of S$130,001 (Category A) or S$130,100 (Category B).
Before you buy: car insurance for the BYD M6
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the BYD M6 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.