The Chery V5 is a larger-engined model that turns up rarely in Singapore. Its 2,351cc engine sets the road tax and the COE category. Insurance, though, holds a surprise against better-known rivals. This guide sets out each cost for owners and used-car buyers.
Insurance prices are examples for one stated driver, as of 1 November 2026. They let you compare insurers on the same footing. Your price depends on your own answers.
What is on the quote form
The new-car list has no entry for the V5 on sale now. So there is no list price, power figure or body type in this guide.
Our quote form prices the Chery V5, 2,351cc, the version most of our insurers quote. Every figure below is for that engine.
The COE it needs
Because the engine is above 1,600cc, the price page puts the V5 in Category B. That category closed at S$131,901 in the October 2026 2nd round.
The figure matters most if you are weighing a fresh COE. On a used car, look at how many years remain on its current one. That sets how long you can keep it before you renew or deregister. The COE page shows recent results.
Road tax on 2,351cc
LTA's formula, checked 2026-10-19, gives S$1,623.82 a year before any age surcharge. Road tax rises steeply with engine size, so the V5 pays far more than a small family car.
An age surcharge is added once a car passes 10 years:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
On a large engine, each step of the surcharge adds a fair sum. Check the registration date so you can work out the band. The road tax page covers other engines.
Insurance on the standard profile
The Chery V5 price page prices these details:
- The car: Chery V5, registered 3 years ago, private use, comprehensive
- The driver: aged 40, married, office job, driving 10 years
- The record: 50% NCD, no claims
- Repairs: authorised workshop, no options
10 insurers price this case. The lowest is S$774.43 a year. The insurer whose lowest plan costs most asks at least S$1,889.11. That is S$1,114.68 more, or 144% on top. All prices include 9% GST.
For a car this uncommon, ten prices is a fair choice. The spread between them is large. Most of the prices sit in a band well above the lowest one, which stands clear below the rest. So the first figure on the list is worth checking closely, plan by plan.
Excess and estimates
The excess ranges from S$0 to S$3,000. The lowest premium comes with a S$600 excess, the most common level on the page. Some plans carry S$300, one S$1,200, one S$2,500 and the dearest S$3,000. Several prices are labelled as estimates on the page.
Before you compare two plans, check that each excess is one you could pay out of pocket. Check also whether a separate excess applies to young or new drivers.
It is also worth reading what each plan pays for outside a crash. Windscreen damage, flood damage and a replacement car while yours is repaired are common points of difference. Two plans at a similar price can treat these quite differently.
What changes the lowest price
The price page lists the lowest price after one change:
- No NCD (0%): S$1,513.94, which is S$739.51 more
- 20% NCD: S$1,211.89, S$437.46 more
- A driver of 27 with 3 years' driving and 30% NCD: S$1,583.82, S$809.39 more
- A driver of 65 with 20 years' driving: S$846.30, S$71.87 more, from 9 insurers
- A car registered this year: S$797.73, S$23.30 more
- A car 8 years old: S$737.13, S$37.30 less
The younger driver's price climbs 105% above the standard one, the largest jump here. Losing all NCD comes a close second. The car's age shifts the price by small sums only.
All of these are lowest prices. Dearer plans may move by more or less.
Compared with other cars of its size
The price page sets the V5 beside six similar cars, at the same driver and age:
- Toyota Camry: S$872.39
- Toyota Alphard: S$832.53
- Toyota Vellfire: S$763.00
- Honda Odyssey: S$763.00
- Mitsubishi Outlander: S$783.81
- Alfa Romeo 159: S$1,028.09
Their average lowest price is S$840.47. The V5 is 8% below that. Only 2 of the six are cheaper to insure on these details. For an uncommon car, that is a better standing than you might expect. The brand's other models are on the Chery car insurance page.
The rest of the running costs
These turn on your own habits, so no figures are given:
- Parking: season parking at home, and what you pay elsewhere.
- Petrol: a 2,351cc engine, mileage and pump prices all play a part.
- ERP: set by your routes and travel times.
- Servicing: follow the maker's schedule. With a rare model, ask about parts supply before you buy.
- Depreciation: depends on what you pay and the COE years left on the car.
Summary of yearly costs we can show
For the Chery V5, 2,351cc:
- Road tax: S$1,623.82 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$774.43 a year (as of 1 November 2026)
- Insurance, no NCD: from S$1,513.94
- Insurance, car 8 years old: from S$737.13
For reference, Category B closed at S$131,901 in the October 2026 2nd round.
Before you buy: car insurance for the Chery V5
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Chery V5 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.