The Daewoo Matiz is a tiny city car that has long left the showrooms. If you still drive one, or have been offered one cheaply, the yearly costs are what matter now.
This page sets out what we can put figures to: road tax, the COE rule and car insurance. The insurance price is an example for one stated driver, as of 1 November 2026. It is not a quote for you.
No new car to price
The new-car list has no Matiz on sale now. So this page gives no list price, no power figure and no body type.
What the price page does show is the version on our quote form: the Matiz 0.8 S, with a 794cc engine. The insurance figures below are for that car.
Because the Matiz is an older model, most cars still on the road will be well past the age the price page uses as its example. Keep that in mind as you read the insurance section.
The COE side
The price page states the rule for the 794cc Matiz 0.8 S:
- Category A COE if its power is 97kW (130bhp) or less. Category A closed at S$132,004 in the October 2026, 2nd round.
- Category B COE if its power is more. Category B closed at S$131,901 in that round.
For a car of this age, the question is less about today's premium. It is about how many years remain on the current COE, and whether renewing it makes sense for you. The COE page carries the latest results.
Road tax, and why age matters here
Engine size sets road tax. For the 794cc engine, LTA's formula gives S$350.72 a year, checked on 2026-10-19. That is low, as you would expect from such a small engine.
The catch for an older car is the age surcharge. It is added on top once the car passes 10 years:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
So a Matiz past 14 years pays half as much again on top of the base figure. Check your car's registration date to see which step applies. The road tax page works out other engine sizes.
What insurance costs on the example
The Daewoo Matiz price page prices these details:
- Car: Matiz 0.8 S, 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
1 insurer prices it, at S$525.02 a year. The price includes 9% GST. Its excess is S$1,200.
One other insurer does not list the model on its online quote. The rest of the panel has no online price for the Matiz yet. So one figure is what you can see online today.
About that excess
The excess is what you pay towards each claim yourself. At S$1,200, it is a meaningful sum next to the premium of a small car. A minor knock could cost you less to fix than the excess, so you may end up paying for small repairs yourself.
How the price reacts to changes
The price page shows the lowest price with one detail changed:
- Driver aged 27, 3 years' driving, 30% NCD: S$1,319.10, S$794.08 more
- No NCD (0%): S$1,207.55, S$682.53 more
- 20% NCD: S$882.04, S$357.02 more
- A new car, registered this year: S$558.53, S$33.51 more
- A car 8 years old: S$513.84, S$11.18 less
- Driver aged 65, 20 years' driving: no online price
The young driver is the costliest case. The lowest price rises 151% for that driver. Losing the NCD is close behind.
The line for the driver aged 65 is worth noting. No insurer shows an online price for that case. If an older driver owns the car, you may need to ask for a quote directly rather than rely on an online figure.
The 8-year-old car is the nearest line to most Matiz still on the road. It is slightly lower than the example.
Similar small cars
The price page compares the Matiz with 3 cars of similar engine size, for the same driver and car age:
- Chery QQ3: S$750.03, from 4 insurers
- Chevrolet Matiz: S$599.77, from 1 insurer
- Chevrolet Spark: S$599.77, from 11 insurers
Their average lowest price is S$649.86. The Daewoo Matiz is 19% below that, and none of the three is cheaper to insure on these details.
The Chevrolet Matiz is a close relative, and its price page is a useful cross-check. The Chevrolet Spark has many more insurers pricing it. The cheapest cars to insure page shows other low-cost cars.
Costs that turn on you
These have no single figure:
- Petrol: depends on how far you drive and pump prices. A small engine helps, but distance matters most.
- Parking: season parking at your HDB block or condo, plus parking at work and when out.
- ERP: depends on your routes and timing.
- Repairs and parts: on an older model, ask how easy it is to find parts and how long they take.
- COE renewal or scrapping: an older car's last years of COE carry little resale value. What you do at the end of the COE is a cost decision of its own.
Summary of yearly costs we can show
Daewoo Matiz 0.8 S:
- Road tax: S$350.72 a year before age surcharge (checked 2026-10-19)
- Insurance, example driver: S$525.02 a year, with a S$1,200 excess (as of 1 November 2026)
- Insurance, a car 8 years old: S$513.84
- Insurance, driver aged 27: S$1,319.10
COE for reference: Category A closed at S$132,004 and Category B at S$131,901 in the October 2026, 2nd round.
Before you buy: car insurance for the Daewoo Matiz
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Daewoo Matiz 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.