The Fiat 500 has a small engine, so its road tax is low. Its insurance is not. For the standard driver, the lowest premium sits well above most similar cars. This page sets out why that matters, along with the COE and road tax.
All insurance prices are examples for one stated driver, read on 20 October 2026. They are not a quote. Your own premium depends on your details.
Versions on the form
The new-car list has no entry for this model on sale now, so there is no list price, power or body type here.
Our quote form lists three versions:
- Fiat 500 1.2 Lounge Glass Roof: 1,242cc
- Fiat 500 1.4: 1,368cc
- Fiat 500 1.4 Lounge: 1,368cc
The figures below are for the 1.2 Lounge Glass Roof, the version most of our insurers quote. The 1.4 versions pay more road tax, and their premiums may differ.
Car insurance
The standard driver
The Fiat 500 price page prices:
- Car: Fiat 500 1.2 Lounge Glass Roof, registered 3 years ago, 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
What 13 insurers ask
13 insurers price the Fiat 500 for that driver. The lowest premium is S$905.83 a year. The insurer whose lowest plan is dearest asks at least S$1,977.83. That is S$1,072.00 more, or 118% on top. All prices include 9% GST.
Three insurers on our panel have no online price for this model.
So even at the lowest price, insurance is the larger yearly bill here, well above the road tax.
The excess
Most plans set a S$600 excess. Three set S$500 and three S$800. Three set S$2,500 and one S$3,000. One plan has no excess.
On an older car, a high excess can be most of a repair bill. Weigh it with the premium.
How the price changes
The price page shows the lowest price when one detail differs:
- No NCD (0%): S$1,043.74, S$137.91 more
- 20% NCD: S$1,043.74, S$137.91 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,043.74, S$137.91 more
- Driver aged 65, 20 or more years' driving: S$983.96, S$78.13 more
- A new car, registered this year: S$861.21, S$44.62 less
- A car 8 years old: S$828.19, S$77.64 less
Losing the NCD adds only 15% at the lowest price, a small rise compared with many cars. A 20% NCD and a younger driver reach the same figure.
The older driver pays a little more. Both a new car and an 8-year-old car are cheaper to insure than the 3-year-old one on the page.
These are lowest prices. Other plans may move by much more or less.
Why does the NCD matter less here? The page does not say. What it shows is that the lowest price for the standard driver is already high, and the no-NCD price is not far above it.
The COE
With a 1,242cc engine, the Fiat 500 1.2 needs a Category A COE if its power is 97kW (130bhp) or less. It needs a Category B COE if its power is more.
In the October 2026 1st round, Category A closed at S$130,001 and Category B at S$130,100. These change every round; the COE page has the latest.
On a used car, check the COE expiry date. It sets how long you can keep the car.
Road tax
For the 1,242cc engine, LTA's formula gives S$532.94 a year. That was checked on 2026-10-19 and is before any age surcharge.
Older cars pay more:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
For the 1.4 versions, see the road tax page.
What to compare
Beyond the premium, check:
- Workshop: these prices assume an authorised workshop. Some plans allow any workshop, at a different price.
- Named drivers: an extra, younger driver can raise the premium.
- NCD protection: an optional extra on some plans.
- Excess: your share of each claim.
Against similar cars
For the same driver and car age, the price page lists six similar cars:
- Mercedes-Benz GLB: S$787.96
- Honda Jazz / Fit: S$622.34
- Toyota C-HR: S$552.91
- Mercedes-Benz A-Class: S$787.96
- Mercedes-Benz GLA: S$787.96
- Nissan Qashqai: S$590.12
Their average is S$688.21. The Fiat 500 costs 32% more than that, and all 6 are cheaper to insure. Even the three Mercedes-Benz models cost less at the lowest price.
Other Fiat models are on the Fiat car insurance page. The cheapest cars to insure page ranks models across makes.
Before you buy
For a used Fiat 500, confirm:
- Version: the 1.2 or a 1.4, for road tax.
- COE expiry: how many years of use remain.
- Your own quote: since insurance is the larger yearly cost, get a price for your details before you commit.
Costs that depend on you
These have no single figure:
- Parking: HDB or condo season parking, plus elsewhere.
- Petrol: your distance and the pump price.
- ERP: your routes and hours.
- Parts and servicing: ask how parts are sourced and who services the car. Tyres, brakes and a battery come due.
- Depreciation: for a used car, mostly the COE years left.
The yearly figures
For the Fiat 500 1.2 Lounge Glass Roof (1,242cc), dated as shown:
- Road tax: S$532.94 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$905.83 a year (20 October 2026)
- Insurance, no NCD: from S$1,043.74
- Insurance, a car 8 years old: from S$828.19
A fresh COE in the October 2026 1st round was S$130,001 (Category A) or S$130,100 (Category B).
Before you buy: car insurance for the Fiat 500
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Fiat 500 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.