This page is for anyone who owns a Cupra Formentor or is thinking of buying one second-hand. It covers the costs you can put a number to: the COE, road tax and car insurance.
Insurance figures here are examples for one stated driver, as of 1 November 2026. They help you see how prices compare. They are not a quote.
Versions you can insure
The new-car list has no Formentor on sale now. So there is no list price, power figure or body type to report here. What the price page does show is the versions on our quote form:
- 1.5 TSI DSG [150], 1,498cc
- 2.0 TSI DSG [190], 1,984cc
- 2.0 TSI DSG VZ, 1,984cc
The insurance prices below are for the 2.0 TSI DSG [190]. It is the version most of our insurers quote.
COE category
The price page is plain on this. With a 1,984cc engine, above 1,600cc, the 2.0 TSI DSG [190] needs a Category B COE. Category B closed at S$131,901 in the October 2026, 2nd round.
If you are buying a used Formentor, the COE is already attached to the car. What matters then is how many years are left on it. Premiums change every round, and the COE page shows the latest.
Road tax
Road tax is set by engine size. For the 1,984cc engine, LTA's formula gives S$1,193.34 a year, checked on 2026-10-19. That is before any surcharge for age.
The 1.5 version has a smaller engine, so it pays less. The road tax page works out other engine sizes.
Once a car is more than 10 years old, the yearly bill rises:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The insurance example
The Cupra Formentor price page works from these details:
- Car: 2.0 TSI DSG [190], registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 years
- Record: 50% NCD, no claims
- Repairs: authorised workshop, no options
For that driver, 2 insurers give a price. The lower is S$1,716.06 a year. The other asks at least S$2,288.46. The gap is S$572.40, or 33% on top of the lower figure. All prices include 9% GST.
One insurer does not list the model on its online quote, and the rest show no online price for it yet. So two prices are what you can compare online today.
Excess changes the picture
The excess is what you pay towards a claim before the insurer pays the rest. Here the two plans sit far apart:
- The lower premium comes with a S$3,000 excess
- The higher premium comes with a S$300 excess
So the S$572.40 saving on the premium comes with a much bigger share of any claim. Which one suits you depends on how much you could pay out of pocket if something happened. It is worth weighing both numbers together.
When one detail changes
The price page shows the lowest price when only one thing about the driver or car changes:
- No NCD (0%): S$3,432.13, S$1,716.07 more. Only 1 insurer prices this case.
- 20% NCD: S$2,745.70, S$1,029.64 more
- Driver aged 27, 3 years' driving, 30% NCD: S$2,516.90, S$800.84 more
- Driver aged 65, 20 years' driving: S$1,716.06, the same
- New car, registered this year: S$1,716.06, the same
- Car 8 years old: S$1,716.06, the same
The NCD carries the most weight. Without it, the lowest price is 100% higher, so it doubles. A younger driver with less history also pays noticeably more. Car age and an older driver leave the figure unchanged.
Remember these show the lowest price only. The other plan may not move in step.
How it stacks up against similar cars
The price page compares the Formentor with 6 cars of similar engine size. Same driver, same car age:
- Lexus NX: S$970.26, 15 insurers
- Lexus RX: S$921.75, 15 insurers
- Mercedes-Benz E-Class: S$857.06, 14 insurers
- BMW 5 Series: S$792.38, 16 insurers
- Toyota Voxy: S$763.41, 14 insurers
- Toyota Harrier: S$763.00, 15 insurers
Their average lowest price is S$844.64. The Formentor costs 103% more than that, and all 6 are cheaper to insure on these details.
Part of the reason is the field. Each of those cars draws 14 to 16 prices. The Formentor draws 2. With fewer insurers quoting, there is less price competition to draw on. The cheapest cars to insure page lists cars at the other end. Other Cupra models sit on the Cupra car insurance page.
The costs that are yours to estimate
These turn on how and where you drive, so no single figure fits.
- Petrol: depends on your mileage and pump prices.
- Parking: your home car park, plus work, malls and kerbside spots.
- ERP: depends on your routes and the time of day.
- Servicing and parts: follow the maker's schedule, and ask about parts supply for a less common make.
- Depreciation: on a used car, it depends on the price you pay and the COE years left.
Summary of yearly costs we can show
For the Cupra Formentor 2.0 TSI DSG [190]:
- Road tax: S$1,193.34 a year before any age surcharge (checked 2026-10-19)
- Insurance, example driver: from S$1,716.06 a year, with a S$3,000 excess (as of 1 November 2026)
- Insurance, lower excess plan: S$2,288.46 a year, with a S$300 excess
- Insurance, no NCD: from S$3,432.13
COE for reference: Category B closed at S$131,901 in the October 2026, 2nd round.
Before you buy: car insurance for the Cupra Formentor
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Cupra Formentor 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.