The Mitsubishi Verada has a 3.5 litre engine and is long gone from showrooms. If you own one in Singapore, or are looking at one, the big costs are road tax and insurance. This guide sets out what we can show for each.
The insurance figures are examples for one stated driver, read on 1 November 2026. They are a guide, not your quote.
What we can and cannot say
The new-car list has no entry for the Verada on sale now. So we give no list price, power figure or body type.
The price page prices one version, the Verada 3.5, with a 3,495cc engine. It is the version our insurers quote.
COE for a 3.5 litre car
With a 3,495cc engine, above 1,600cc, the price page puts the Verada 3.5 in Category B. That category closed at S$131,901 in the October 2026 2nd round.
For a car of this age, the question is often how much COE life is left, or whether to renew. The COE page shows recent results.
Road tax: the large yearly bill
Road tax in Singapore climbs steeply with engine size. For 3,495cc, LTA's formula gives S$3,159.28 a year, checked on 2026-10-19. That is before any age surcharge.
A Verada on the road today is likely past 10 years. The surcharge then adds a share of that base figure:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
On a base this large, each step is a sizeable sum. The road tax page works out your figure.
Car insurance: one price online
The Mitsubishi Verada price page prices:
- Car: Verada 3.5, 3 years old, private use, comprehensive cover
- Driver: aged 40, married, office job, 10 years' driving
- Record: 50% NCD, no claims
- Repairs: authorised workshop, no options
Just 1 insurer prices this car online. Its premium is S$1,600.60 a year, including 9% GST. The plan carries a S$1,200 excess.
With a single price, there is no spread to report and nothing to compare online. Eighteen insurers on our panel give no online price. Most have no rate for the model yet. One does not list it on its online quote. Another prices electric cars only.
What a single price means for you
A single online price is a starting point, not a comparison. When you only have one figure, read its terms closely:
- The excess: S$1,200 on this plan, the sum you pay towards each claim.
- The workshop rule: the price assumes repairs at an authorised workshop.
- The cover: what is included and what is left out.
The road tax on this car is also about twice this premium. So for the standard driver, road tax is the larger of the two yearly bills.
How the one price changes
The price page shows how that insurer's price moves with one detail changed:
- No NCD (0%): S$3,681.39, S$2,080.79 more
- 20% NCD: S$2,689.01, S$1,088.41 more
- Aged 27, 3 years' driving, 30% NCD: S$4,021.46, S$2,420.86 more
- Aged 65, 20 years' driving: no online price
- New car, registered this year: S$1,702.74, S$102.14 more
- Car 8 years old: S$1,566.52, S$34.08 less
The young driver pays most, at 151% above the standard figure. A driver with no NCD pays more than twice the standard price too.
For a driver aged 65 with 20 years' experience, no insurer gives an online price at all. If that describes you, expect to ask for a quote directly.
An 8-year-old car comes out slightly lower than the 3-year-old standard case. A new car costs S$102.14 more. Since a Verada will be an older car, the 8-year-old row is the closer guide, though a real car may be older still.
Against similar large-engine cars
The price page compares six cars with large engines, for the same driver and car age:
- Audi RS Q8: S$2,154.12, 2 insurers
- Audi Roadjet Concept: S$1,524.39, 1 insurer
- Audi Q8: S$1,323.18, 8 insurers
- Audi S4 Saloon: S$1,209.34, 8 insurers
- Audi A8: S$1,092.69, 11 insurers
- Audi Q7: S$1,002.60, 14 insurers
Their average lowest price is S$1,384.39. The Verada costs 16% more. Five of the six are cheaper to insure, and only the RS Q8 costs more.
Several of these cars also draw few prices. The Roadjet Concept has one, like the Verada, and the RS Q8 has two. The A8 and Q7 draw far more, with 11 and 14. Other Mitsubishi models are on the Mitsubishi car insurance page.
Costs you will need to estimate
- Petrol: a large engine and your mileage together set this.
- Parking: season parking at home, plus charges elsewhere.
- ERP: depends on your routes and timing.
- Repairs and parts: on an older model, ask about parts supply and cost.
- Depreciation: on a car this age, tied closely to the COE life left.
Summary of yearly costs we can show
For the Mitsubishi Verada 3.5, with dates:
- Road tax: S$3,159.28 a year before any age surcharge (checked 2026-10-19)
- Insurance, standard driver: S$1,600.60 a year from the one insurer that prices it online (1 November 2026)
- Insurance, no NCD: S$3,681.39
- Insurance, a car 8 years old: S$1,566.52
For reference, the Category B COE in the October 2026 2nd round was S$131,901.
Before you buy: car insurance for the Mitsubishi Verada
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Mitsubishi Verada 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.