The MG Cyberster is an electric two-door roadster. Its list price is moderate for a sports car, but its insurance is not. This guide sets out each cost item: the list price, COE, road tax for both versions and car insurance.
Insurance figures are examples for a single stated driver, as of 1 November 2026. They show how insurers compare, not your quote.
Two versions
The new-car list read on 2026-10-10 shows two versions, listed as a sports body made in China:
- 77 kWh: electric, 335bhp
- AWD 77 kWh: electric, 536bhp
The quote form has the same two. The price page prices the 77 kWh, the version most insurers quote.
List prices
As listed on 2026-10-10, each including COE that day:
- 77 kWh: S$329,888
- AWD 77 kWh: S$348,888
Prices move after COE rounds, so ask for a current figure. Compare offers on the same terms.
The COE rule
The price page gives the test for a fully electric Cyberster:
- 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
Confirm the category with the dealer for the exact car. The COE page shows newer results.
Road tax: two very different sums
Road tax on electric cars follows motor power, and the two versions differ a lot. Under LTA's formula, checked 2026-10-19, before any age surcharge:
- 335bhp (250kW) motor: S$3,397.90 a year
- 536bhp (400kW) motor: S$5,743.90 a year
So the AWD costs more to buy as listed, and far more in road tax every year. Over a full COE life, that yearly gap adds up to a large sum. If you are choosing between the two, count the road tax as well as the list price. The road tax page works out other motors.
The age surcharge for cars over 10 years old:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
Insurance for the standard driver
The MG Cyberster price page prices these details:
- Car: Cyberster 77 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
3 insurers price it, across 3 plans. The lowest is S$3,251.49 a year. The other two share S$3,614.39, both estimates. That is S$362.90 or 11% more. All include 9% GST.
Fifteen insurers show no online price. Two of them do not quote electric cars online.
The excess trade
- S$3,251.49 plan: S$2,500 excess
- S$3,614.39 plans: S$600 excess each
The lower premium comes with a much higher excess. The difference in excess is larger than the difference in premium. If you expect to claim, the higher premium may cost you less overall; if you do not, the lower one may.
How the price moves
The page shows the lowest price when one detail changes:
- No NCD (0%): S$6,111.84, or S$2,860.35 more
- 20% NCD: S$4,939.12, or S$1,687.63 more
- Driver aged 27, 3 years' driving, 30% NCD: S$6,471.94, or S$3,220.45 more, with 1 insurer pricing
- Driver aged 65, 20 years' driving, 50% NCD: S$3,594.31, or S$342.82 more
- A new car, registered this year: S$3,558.74, or S$307.25 more
- A car 8 years old: S$2,243.15, or S$1,008.34 less
The younger driver almost doubles the price, a rise of 99%, and only 1 insurer prices that case. No NCD is nearly as costly. The car's age matters more here than on most cars: an 8-year-old Cyberster is over a thousand dollars cheaper to insure, while a new one costs more.
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 Cyberster is 182% above it, and all 6 are cheaper to insure. These rivals are family cars and SUVs, not sports cars, so the comparison is a loose one. Still, it shows how far the Cyberster sits from everyday electric cars on insurance. Other MG models can be found from the main car insurance page.
Costs that depend on you
- Charging: home charging at a condo or landed home tends to cost less than public fast chargers.
- Parking: a covered lot may suit an open-top car. Check season parking at home and work.
- ERP: depends on your routes and timing.
- Tyres and servicing: high-powered cars can wear tyres faster. Ask what the battery warranty covers.
- Depreciation: what you pay now against what the car fetches later.
Summary of yearly costs we can show
For the Cyberster 77 kWh:
- Road tax: S$3,397.90 a year before any age surcharge (LTA's formula, checked 2026-10-19); S$5,743.90 for the AWD
- Insurance, standard driver: from S$3,251.49 a year (1 November 2026)
- Insurance, no NCD: from S$6,111.84
- Insurance, driver aged 27: from S$6,471.94
- Insurance, car 8 years old: from S$2,243.15
One-off costs for reference: S$329,888 for the 77 kWh and S$348,888 for the AWD, as listed on 2026-10-10, COE included.
Before you buy: car insurance for the MG Cyberster
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the MG Cyberster 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.