The Mazda Demio is a small hatchback that many Singapore drivers know from the used market. It is no longer on the new-car list. If you own one or are thinking of buying one, this guide sets out the yearly costs: COE, road tax and car insurance.
The insurance prices are examples for one stated driver, as of 1 November 2026. They show how the market compares, not the price you will be quoted.
The Demio being priced
The new-car list has no entry for the Demio on sale now. So this guide gives no list price, power figure or body type.
The price page prices the Mazda Demio 1.3, with a 1,348cc engine. It is the version most insurers quote.
COE: Category A or B
The price page sets out the rule for the Demio 1.3. With a 1,348cc engine, it needs:
- Category A if its power is 97kW (130bhp) or less. Category A closed at S$132,004 in the October 2026 2nd round.
- Category B if its power is more. Category B closed at S$131,901 in that round.
For a used Demio, the COE was paid long ago. The years of COE left are what to check. The COE page shows the latest results.
Road tax
For the 1,348cc engine, LTA's formula gives S$595.10 a year, before any age surcharge.
An older car pays more:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
On an older Demio, check which band applies. The road tax page works out the full figure.
Car insurance for the standard driver
The Mazda Demio price page prices this profile:
- Car: Demio 1.3, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 years
- Record: 50% no-claim discount (NCD), no claims
- Repairs: authorised workshop, no options
12 insurers price it online, across 20 plans. That is a wide field for an older model. The lowest premium is S$726.66 a year. The insurer whose lowest plan costs most asks at least S$1,198.71. That is S$472.05 more, or 65% on top. The dearest plan on the page is S$1,786.18. All prices include 9% GST.
The bottom of the list is crowded. The three lowest plans sit between S$726.66 and S$784.87. With prices this close, the excess and the cover make the difference.
Excess varies a lot
On this page, excesses run from S$300 to S$5,000. Most plans carry S$500 or S$600. But among the lowest premiums:
- The lowest: S$1,200 excess
- The third lowest: S$2,500
- The fourth lowest: S$5,000
So the lowest premiums often come with the largest claim bills. The plans with a S$300 excess sit higher up. One more insurer holds a price for a single standard driver only, so it shows none here.
What moves the price
The price page gives the lowest price when one detail changes:
- No NCD (0%): S$1,475.32, S$748.66 more
- 20% NCD: S$1,184.54, S$457.88 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,583.82, S$857.16 more
- Driver aged 65, 20 years' driving, 50% NCD: S$846.30, S$119.64 more, with 11 insurers pricing
- New car, registered this year: S$740.47, S$13.81 more, with 10 insurers
- Car 8 years old: S$711.19, S$15.47 less
The young driver case lifts the lowest price by 118%, more than double. No NCD roughly doubles it too. Car age barely matters here. Also, the insurer with the lowest price changes from case to case, so one quote rarely tells the whole story.
The page's standard car is 3 years old. Many Demios on the road are older. The 8-year-old line is the closest guide on the page. For a much older car, the field of insurers may differ, so ask for quotes on your own car's details. A wide field of 12 insurers at the standard age is a good sign, but it may narrow as the car ages.
How it compares with similar cars
For the same driver and car age, the price page lists six cars:
- Mercedes-Benz GLB: S$822.26
- BMW X1: S$763.00
- Honda Vezel: S$763.00
- Honda Freed: S$756.48
- Mercedes-Benz C-Class: S$749.93
- Toyota Sienta: S$674.30
Their average lowest price is S$754.83. The Demio costs 4% less than that. Only one of the six, the Toyota Sienta, is cheaper to insure. The rest cost a little more.
Other Mazda models are on the Mazda car insurance page. The cheapest cars to insure list shows how small cars rank.
Costs you will need to estimate
- Parking: season parking at your HDB block or condo, and parking elsewhere.
- Petrol: depends on how far you drive and pump prices.
- ERP: depends on your daily routes.
- Wear and repairs: on an older car, tyres, brakes, battery and other parts come due. Ask for the service record.
- Depreciation: on a used car, mostly tied to the COE years left.
Summary of yearly costs we can show
For the Mazda Demio 1.3:
- Road tax: S$595.10 a year before any age surcharge (LTA's formula, checked 19 October 2026)
- Insurance, standard driver: from S$726.66 a year (1 November 2026)
- Insurance, no NCD: from S$1,475.32
- Insurance, a car 8 years old: from S$711.19
For reference, in the October 2026 2nd round Category A closed at S$132,004 and Category B at S$131,901.
Before you buy: car insurance for the Mazda Demio
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Mazda Demio 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.