If you drive a Hyundai Matrix, or are thinking of taking over one, the useful question is what it costs each year. The Matrix is not on the current new-car list. So the costs that matter are the ones that keep coming: road tax and insurance, plus the COE if a car is renewed or bought fresh.
Insurance figures below are examples for one stated driver, read on 20 October 2026. They help you see the spread and what moves it. Your own quote will depend on your details.
Versions on the quote form
The quote form lists three engines:
- Matrix 1.5 CRDi GLS: 1,493cc
- Matrix 1.6: 1,599cc
- Matrix 1.8: 1,795cc
Insurers mostly quote the 1.5 CRDi GLS, so that is the version priced here. With no new-car list entry, there is no list price, power or body type to give.
COE
For the 1.5 CRDi GLS and its 1,493cc engine, the price page states the rule. It needs a Category A COE if its power is 97kW (130bhp) or less, and Category B if it is more.
The October 2026 1st round closed at S$130,001 for Category A and S$130,100 for Category B. Those figures move every round. The COE page shows the latest.
Road tax
On LTA's formula, the 1,493cc engine comes to S$680.14 a year, before any age surcharge. For older cars, the surcharge steps up each year past the tenth:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The 1.6 and 1.8 have larger engines and so pay more. Use the road tax page to look up your own car's figure.
The insurance spread
The Hyundai Matrix price page prices this case:
- Car: Matrix 1.5 CRDi GLS, registered 3 years ago, private use, comprehensive cover
- Driver: 40 years old, married, office-based, driving 10 to 19 years
- Record: 50% no-claim discount (NCD) and no claims
- Repairs: authorised workshop, no extras
Only 7 insurers price it. The lowest premium is S$622.34. The insurer whose lowest plan is dearest asks at least S$1,034.76, which is S$412.42 more, or 66% on top. All prices include 9% GST.
Nine insurers have no online price for the Matrix. One of them lists it only with another engine or fuel type, so its price would be for a different car. With a short list, each quote you get counts for more. It also means the figures here may not show every option open to you. If an insurer you have in mind is missing, ask it directly, and give it the same details so the prices line up.
Excess on these plans
Every plan here carries an excess of S$600, except one at S$500. That makes the premiums easier to compare like for like than on many models, where excesses run into the thousands. Even so, check the excess for young or new drivers and for windscreen claims, as plans often set those apart.
How NCD and age change the price
The lowest price, with one detail changed each time:
- No NCD (0%): S$1,403.77, S$781.43 more
- 20% NCD: S$1,048.14, S$425.80 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,170.50, S$548.16 more
- Driver aged 65, 20 or more years' driving: S$622.34, the same
- A new car, registered this year: S$642.42, S$20.08 more
- A car 8 years old: S$569.36, S$52.98 less
NCD is the big lever on this car. With no discount, the lowest price is 126% higher than for the standard driver. Even 20% NCD leaves a large gap. A newer driver at 30% NCD sits between the two.
Car age matters far less. A new car costs a little more at the lowest price, and an 8-year-old one a little less. As with all the figures here, these are lowest prices; other plans may move by other amounts.
Similar cars, same driver
The price page lines up six cars with the same driver and car age:
- Mazda 3: S$927.36
- BMW X1: S$811.71
- Mercedes-Benz GLB: S$787.96
- Toyota Corolla Altis: S$642.42
- Honda Freed: S$642.42
- Toyota Sienta: S$604.07
They average S$735.99. The Matrix, at S$622.34, is 15% below that average. Only one of the six, the Toyota Sienta, is cheaper to insure. More Hyundai models are on the Hyundai car insurance page.
Costs set by how you use the car
These depend on you, so no figure is given:
- Parking: your HDB or condo season parking, plus what you pay elsewhere.
- Fuel: your mileage and the price at the pump.
- ERP: your routes and the time of day you drive.
- Servicing and repairs: routine servicing, then tyres, brakes, a battery and wear parts as the car ages. On an older model, ask for its service record.
- Depreciation: what you pay against the COE years left and what the car fetches later.
Summary of yearly costs we can show
For the Matrix 1.5 CRDi GLS, on the dates shown:
- Road tax: S$680.14 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$622.34 a year (20 October 2026)
- Insurance, no NCD: from S$1,403.77
- Insurance, 20% NCD: from S$1,048.14
- Insurance, a car 8 years old: from S$569.36
For a fresh COE, the October 2026 1st round closed at S$130,001 (Category A) and S$130,100 (Category B).
Before you buy: car insurance for the Hyundai Matrix
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Hyundai Matrix 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.