The MG 4 Urban is a compact electric hatchback. If it is on your shortlist, this guide goes through what you pay up front and every year: the list price, COE, road tax and car insurance.
The insurance figures are examples for a single stated driver, as of 1 November 2026. They show how insurers compare; your own price will differ.
The version on sale
The new-car list read on 2026-10-10 shows one version, a hatchback made in China:
- Luxury 54 kWh: electric, 133bhp
The price page prices the same Luxury 54 kWh. So every figure in this guide refers to one car.
List price
As listed on 2026-10-10, the MG 4 Urban Luxury 54 kWh was S$191,888, COE included that day. Expect it to move after COE rounds. When you compare dealer offers, check what each includes, such as a home charger or servicing.
The COE rule
The price page sets out the test for a fully electric MG 4 Urban:
- Motor of 110kW (147bhp) or less: Category A, at S$132,004 in the October 2026 2nd round
- More powerful: Category B, at S$131,901 in the same round
The listed motor is 133bhp (99kW). Confirm the category with the dealer for the car you are buying. The COE page has the latest results.
Road tax
Electric cars pay road tax on motor power. For a 133bhp (99kW) motor, LTA's formula, checked 2026-10-19, gives S$1,495.68 a year. That is before any age surcharge.
After 10 years, the surcharge steps up:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The road tax page covers other motors and engines.
Insurance for the standard driver
The MG 4 Urban price page prices these details:
- Car: Luxury 54 kWh, 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
5 insurers price it, with 5 plans. The lowest is S$1,390.72 a year. The dearest insurer asks at least S$1,792.96, which is S$402.24 or 29% more. All prices include 9% GST, and four of the five plans are marked as estimates.
Thirteen insurers show no online price. Two do not quote electric cars online. One prices repairs at any workshop only, which does not match the page's details.
For a small car, these premiums are not low. The comparison with similar cars below shows that clearly.
What the excess adds
- S$1,390.72: S$600 excess
- S$1,430.09: S$1,000 excess
- S$1,567.71: no excess
- S$1,792.96, two plans: S$600 excess
The lowest premium also has a moderate excess. If you would rather pay nothing on a claim, one plan offers that for a higher price. Weigh the two figures together.
How the price changes
The page shows the lowest price when one detail changes:
- No NCD (0%): S$2,718.72, or S$1,328 more, with 6 insurers pricing
- 20% NCD: S$2,176.32, or S$785.60 more, with 6 insurers pricing
- Driver aged 27, 3 years' driving, 30% NCD: S$2,844.21, or S$1,453.49 more, with 3 insurers pricing
- Driver aged 65, 20 years' driving, 50% NCD: S$1,519.77, or S$129.05 more
- A new car, registered this year: S$1,432.55, or S$41.83 more
- A car 8 years old: S$1,323.74, or S$66.98 less
The younger driver pays most, at 105% above the standard figure, and only 3 insurers price that driver. That matters if this is a first car for a younger buyer. No NCD costs almost as much.
First car, first policy
A compact electric car like this may appeal to newer drivers. If you have little or no NCD, the figures above are closer to what you would see than the standard price. Ask about NCD protection and how windscreen claims are treated. Check too whether the plan covers the battery and the charging cable.
Against other electric cars
For the same driver and car age, the price page lists six electric cars:
- BYD Sealion 7: S$1,390.72
- BYD Atto 3: S$913.63
- BYD M6: S$861.41
- BMW iX1: S$1,907.27
- Tesla Model 3: S$913.62
- Tesla Model Y: S$939.71
Their average lowest price is S$1,154.39. The MG 4 Urban is 20% above it. Four of the six cost less to insure. The BYD Sealion 7 matches it to the cent, and only the BMW iX1 costs more. The rivals also have more insurers pricing them, apart from the iX1.
Costs that depend on you
- Charging: home charging at an HDB car park with chargers, or at a condo, tends to cost less than public fast chargers.
- Parking: season parking at home and at work.
- ERP: depends on your routes and timing.
- Servicing: ask how long the battery warranty runs and what it covers.
- Depreciation: what you pay now against what the car fetches later.
Summary of yearly costs we can show
For the MG 4 Urban Luxury 54 kWh:
- Road tax: S$1,495.68 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$1,390.72 a year (1 November 2026)
- Insurance, no NCD: from S$2,718.72
- Insurance, driver aged 27: from S$2,844.21
- Insurance, car 8 years old: from S$1,323.74
One-off cost for reference: S$191,888 as listed on 2026-10-10, COE included that day.
Before you buy: car insurance for the MG 4 Urban
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the MG 4 Urban 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.