The Kia Magentis is a mid-size saloon that left Singapore's showrooms some time ago. Unlike many older models, it is still widely priced by insurers. That makes it a useful case for seeing how much car insurance can vary for the same car and driver.
This guide sets out the yearly costs you can put figures on. Insurance prices are examples for one stated driver, read on 1 November 2026. Use them to compare, not as a quote.
The version on the price page
The new-car list has no entry for the Magentis. So this guide gives no list price, power figure or body type.
The price page quotes the Kia Magentis 2.0, with a 1,998cc engine. That is the version most of its insurers price.
COE category
With a 1,998cc engine, above 1,600cc, the Magentis 2.0 needs a Category B COE. In the October 2026 2nd round, Category B closed at S$131,901.
On a used car, the COE years left are a big part of what you pay for. The COE page has the latest results.
Road tax at 1,998cc
LTA's formula puts road tax for this engine at S$1,209.76 a year, checked on 2026-10-19. That is before any age surcharge.
An older Magentis may already attract the surcharge:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
Check the registration date on the log card. The road tax page works out other engine sizes.
A wide field of insurers
The Kia Magentis price page quotes on this profile:
- Car: Magentis 2.0, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, 10 years' driving
- Record: 50% NCD and no claims
- Repairs: authorised workshop, no options
13 insurers price it, with 20 plans between them. The lowest premium is S$763.00 a year. The insurer whose lowest plan costs most asks at least S$2,062.16. That is S$1,299.16 more, or 170% on top. All prices include 9% GST.
Only 6 insurers on the page have no online price. For a car no longer sold new, that is a broad field.
With so many prices, the order on the page tells you a lot. The bottom few premiums sit close together, so small differences in cover or excess can decide between them. Some insurers also offer more than one plan, at different prices and excesses.
Why the excess matters so much here
Excesses on this page run from S$300 to S$5,000. That is a very wide range.
- The lowest premium, S$763.00: carries a S$5,000 excess
- The second-lowest, S$764.82: carries S$750
- Several plans near the middle: carry S$500 or S$600
- Three plans higher up: carry S$300
Look at the first two lines. The premiums are less than two dollars apart. The excesses are thousands apart. If you claimed even once, the plan with the lower premium could cost you far more.
This is why the premium alone is a poor guide. Read the excess and the plan's terms side by side. A few prices on the page are estimates too.
What moves the lowest price
The price page changes one detail at a time:
- No NCD (0%): S$1,503.89, S$740.89 more
- 20% NCD: S$1,203.12, S$440.12 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,556.20, S$793.20 more, with 12 insurers pricing
- Driver aged 65, 20 years' driving, 50% NCD: S$899.06, S$136.06 more, with 11 insurers pricing
- A new car, registered this year: S$878.54, S$115.54 more, with 12 insurers pricing
- A car 8 years old: S$763.00, the same, with 12 insurers pricing
The young driver changes the price most: it rises by 104%. Losing the NCD comes close, almost doubling the lowest figure.
The field stays wide for every driver in the table. Even the 65-year-old driver has 11 insurers to compare. That is not true of many older models.
An 8-year-old car costs the same as the 3-year-old example. For a model you will buy used, that is useful to know.
The Magentis beside similar cars
For the same driver and car age, the price page lists six cars with engines of about the same size:
- Toyota Harrier: S$763.00
- Mercedes-Benz E-Class: S$857.06
- BMW 5 Series: S$792.38
- Toyota Voxy: S$763.41
- Lexus NX: S$970.26
- Lexus RX: S$921.75
Their average lowest price is S$844.64. The Magentis comes in 10% below that, and none of the six is cheaper to insure. The Toyota Harrier matches it at S$763.00. Keep in mind the Magentis figure comes with a S$5,000 excess. Other Kia models are on the Kia car insurance page.
Costs you have to estimate
These depend on your own use:
- Parking: season parking at your HDB block or condo, and charges elsewhere.
- Petrol: distance driven and pump prices set it.
- ERP: your routes and timing decide it.
- Servicing and wear: an older saloon will need tyres, brakes and a battery over time. Ask for its service history.
- Depreciation: the price you pay set against the COE life left.
Summary of yearly costs we can show
For the Kia Magentis 2.0:
- Road tax: S$1,209.76 a year before any age surcharge (checked 2026-10-19)
- Insurance, standard driver: from S$763.00 a year, with a S$5,000 excess (1 November 2026)
- Insurance, no NCD: from S$1,503.89
- Insurance, driver aged 65: from S$899.06
- Category B COE, October 2026 2nd round: S$131,901
Before you buy: car insurance for the Kia Magentis
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Kia Magentis 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.