The electric MG 5 is no longer on the new-car list, so most people meeting it now are owners or used buyers. This guide covers what can be shown with figures: the COE rule, how road tax works and the car insurance prices on its price page. It ends with the costs that depend on you.
The insurance prices are examples for one stated driver, as of 1 November 2026. They are a way to compare, not your quote.
What this guide has to work with
The new-car list has no entry for the MG 5 on sale now. So there is no list price, power figure or body type here, and no motor power to work road tax from.
The price page prices the MG 5 (115kW), an electric car. That is the version most of its insurers quote.
Which COE category
The price page gives the rule for a fully electric MG 5:
- 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 motor rating is on the car's papers. For a used car, though, the time left on its current COE matters more than the latest premium. The COE page shows newer rounds.
Road tax
Electric cars pay road tax on motor power. This guide has no power figure from the new-car list, so it gives no road tax sum. Take the motor rating from the car's papers and use the road tax page to work it out.
Once the car is over 10 years old, a surcharge applies:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
Insurance on the standard profile
The MG 5 price page prices these details:
- Car: MG 5 (115kW), 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
6 insurers price it, one plan each. The lowest is S$1,468.48 a year. The dearest asks S$2,245.43, which is S$776.95 or 53% more. All prices include 9% GST.
The first three prices sit close together, between S$1,468.48 and S$1,515.25. Two more share S$1,740.74. Then there is a gap to the dearest.
Twelve insurers show no online price. Two do not quote electric cars online. One prices repairs at any workshop only, and another has a price for a single standard driver only.
Excess, plan by plan
- S$1,468.48: S$1,200 excess
- S$1,505.85: S$900 excess
- S$1,515.25: S$800 excess
- S$1,740.74, two plans: S$600 excess
- S$2,245.43: S$2,500 excess
The pattern runs the usual way at the low end. The lowest premiums carry higher excesses, and lower excesses cost more each year. The dearest plan breaks the pattern, with both the highest premium and the highest excess.
How the price reacts, and who stops pricing
The page shows the lowest price when one detail changes:
- No NCD (0%): S$3,377.51, or S$1,909.03 more, with 4 insurers pricing
- 20% NCD: S$2,467.04, or S$998.56 more
- Driver aged 27, 3 years' driving, 30% NCD: S$3,689.50, or S$2,221.02 more, with 2 insurers pricing
- Driver aged 65, 20 years' driving, 50% NCD: S$2,554.49, or S$1,086.01 more, with 1 insurer pricing
- A new car, registered this year: S$1,562.19, or S$93.71 more, with 5 insurers pricing
- A car 8 years old: S$1,437.22, or S$31.26 less, with 4 insurers pricing
The younger driver more than doubles the price, a rise of 151%. The field shrinks too, to 2 insurers. The older driver is unusual here: the lowest price rises by more than a thousand dollars, and only 1 insurer prices that case. If you are younger or older than the page's driver, expect fewer choices online.
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 5 sits 27% above it. Five of the six cost less to insure; only the BMW iX1 costs more. The Teslas and BYDs also have 7 to 10 insurers pricing them, so their buyers see a wider choice.
Costs that turn on your use
- Charging: home charging, if your HDB car park or condo has chargers, tends to cost less than public fast chargers.
- Parking: season parking at home and at work.
- ERP: depends on routes and timing.
- Battery and servicing: on a used car, ask how much battery warranty is left and what it covers.
- Depreciation: on a used car, tied to the COE life left.
Summary of yearly costs we can show
For the MG 5 (115kW):
- Road tax: no figure here; work it out on the road tax page from the motor rating
- Insurance, standard driver: from S$1,468.48 a year (1 November 2026)
- Insurance, no NCD: from S$3,377.51
- Insurance, driver aged 27: from S$3,689.50
- Insurance, car 8 years old: from S$1,437.22
For the COE, Category A closed at S$132,004 and Category B at S$131,901 in the October 2026 2nd round. No list price is given, as the model is not on the new-car list.
Before you buy: car insurance for the MG 5
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the MG 5 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.