The Honda Stepwgn is a hybrid MPV made in Japan, sold here in several Spada versions. Families weighing a seven- or eight-seat car will want the full yearly picture. This guide covers list prices, COE, road tax and car insurance.
Every insurance figure is an example, as of 1 November 2026. It is for one stated driver and one car age. Your own quote depends on your details.
The Stepwgn range
The new-car list read on 2026-10-10 shows the Stepwgn as an MPV made in Japan. It lists five versions, all petrol-electric hybrids:
- Hybrid 2.0 Spada: 1,993cc, 181bhp
- Hybrid 2.0 Spada 7-Seater e:HEV: 1,993cc, 181bhp
- Hybrid 2.0 Spada 8-Seater e:HEV: 1,993cc, 181bhp
- Hybrid 2.0 Spada Premium Line 7-Seater e:HEV: 1,993cc, 181bhp
- Hybrid 1.5 Spada e:HEV Welcab Slope: 1,496cc, 148bhp
The Welcab Slope is a version adapted for wheelchair access. The quote form also lists a Welcab Swivel Chair version with the same 1,496cc engine.
The insurance prices below are for the 2.0 Spada 7-Seater e:HEV, the version most insurers quote.
List prices as listed
These are as listed on 2026-10-10, each including COE as listed that day:
- 2.0 Spada Premium Line 7-Seater e:HEV: S$222,800
- 2.0 Spada 7-Seater e:HEV: S$229,700
- 2.0 Spada 8-Seater e:HEV: S$232,900
- 2.0 Spada: S$239,899
- 1.5 Spada e:HEV Welcab Slope: S$264,000
The Welcab version is listed highest despite its smaller engine. Prices change after COE rounds, so ask for current figures and check what each offer includes.
COE for the 2.0 versions
The price page says the 2.0 Spada 7-Seater e:HEV, with its 1,993cc engine, above 1,600cc, needs a Category B COE.
In the October 2026 2nd round, Category B closed at S$131,901. Each round brings new results. The COE page lists them.
Road tax on the 2.0 engine
For a 1,993cc engine, LTA's formula gives S$1,203.88 a year, before any age surcharge.
Older cars pay a surcharge:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The 1.5 Welcab versions have a smaller engine, so their road tax differs. The road tax page works out any engine size.
Insurance for the standard driver
The Honda Stepwgn price page prices this profile:
- Car: Stepwgn 2.0 Spada 7-Seater e:HEV, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, 10 years of driving
- Record: 50% NCD, no claims
- Repairs: authorised workshop, no options
9 insurers price it. The lowest premium is S$938.42 a year. The insurer whose lowest plan costs most asks at least S$1,600.70. That is S$662.28 more, or 71% on top. All prices include 9% GST.
10 insurers have no online price for the Stepwgn yet.
Excess on these plans
The excess here runs from S$0 to S$3,000. The lowest premium carries a S$600 excess. Most plans carry S$500 or S$600. One has no excess, and one carries S$3,000.
So the lowest premium here comes with a typical excess. Several prices are marked as estimates, which is worth noting.
How the premium moves
The price page shows the lowest price with one change at a time. All 9 insurers price every case:
- No NCD (0%): S$1,834.54, S$896.12 more
- 20% NCD: S$1,468.54, S$530.12 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,919.22, S$980.80 more
- Driver aged 65, 20 years' driving, 50% NCD: S$1,025.52, S$87.10 more
- New car, registered this year: S$966.67, S$28.25 more
- Car 8 years old: S$893.23, S$45.19 less
The young driver profile costs most, at 105% above the standard figure. Losing your NCD is a close second.
An older driver pays a little more. Car age shifts the figure by under S$50 either way.
Since the field stays at 9 throughout, these changes reflect pricing rather than fewer insurers. They are still lowest prices only.
Against similar cars
The price page sets the Stepwgn beside six cars with engines near 2.0 litres, for the same driver and car age:
- Lexus NX: S$970.26
- Lexus RX: S$921.75
- Mercedes-Benz E-Class: S$857.06
- BMW 5 Series: S$792.38
- Toyota Voxy: S$763.41
- Toyota Harrier: S$763.00
Their average lowest price is S$844.64. The Stepwgn costs 11% more than that. 5 of the six are cheaper to insure on these details. The Voxy, another MPV, is among them.
Other Honda models are on the Honda car insurance page.
Costs that depend on your family
These vary from household to household:
- Parking: season parking at your HDB block or condo, plus parking at schools, work and malls.
- Petrol: the hybrid system, your mileage and pump prices.
- ERP: your routes and timing.
- Servicing: follow the maker's schedule, and ask what the warranty covers, including the hybrid parts.
- Depreciation: what the car loses over its COE life.
Summary of yearly costs we can show
For the Honda Stepwgn 2.0 Spada 7-Seater e:HEV, as of 1 November 2026 unless dated otherwise:
- Road tax: S$1,203.88 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$938.42 a year
- Insurance, no NCD: from S$1,834.54
- Insurance, driver aged 27: from S$1,919.22
- Insurance, car 8 years old: from S$893.23
One-off costs for reference: list prices from S$222,800 as listed on 2026-10-10. Category B closed at S$131,901 in the October 2026 2nd round.
Before you buy: car insurance for the Honda Stepwgn
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Honda Stepwgn 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.