The Peugeot 306 is a long-retired model. Any 306 still on Singapore roads is an older car, so this guide speaks to owners and used buyers. It runs through road tax, car insurance and the COE rule, which are the costs the facts cover.
The insurance figures are examples for one stated driver, as of 1 November 2026. Your own premium will differ with your details.
What the price page prices
The new-car list has no entry for the 306 on sale now. This guide therefore gives no list price, power or body type. The price page prices the 306 1.6 XT with a 1,587cc engine, and the figures below are for that car.
COE for the 1.6 XT
The price page says the 306 1.6 XT needs a Category A COE if its power is 97kW (130bhp) or less, and a Category B COE if it is more. In the October 2026 2nd round, Category A closed at S$132,004 and Category B at S$131,901.
For a car of this age, the date its current COE ends matters most. The COE page carries the latest results.
Road tax and the age surcharge
For a 1,587cc engine, LTA's formula, checked 2026-10-19, gives S$735.28 a year before any surcharge.
On a car this old, the surcharge is the part to watch:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
A 306 is likely to sit in the top band, which adds half again to the base. Check the car's registration date to see which band applies. The road tax page does the sums.
Five insurers price it
The Peugeot 306 price page uses one fixed case:
- Car: 306 1.6 XT, 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
The page sets the car at 3 years old for every model. It is a common yardstick, not a picture of a real 306.
5 insurers price it online. The lowest premium is S$761.67 a year. The insurer whose lowest plan costs most asks at least S$1,470.91. That is S$709.24 more, or 93% on top. The top plan on the page reaches S$1,627.45. All prices include 9% GST.
Excess amounts
Five of the seven plans carry a S$600 excess. The lowest premium carries S$1,200, and one plan carries S$3,000. The excess is the sum you pay before the insurer pays on a claim. A low premium with a high excess can cost more in a year with a claim.
Who does not price it
The page lists 14 insurers with no online price. Thirteen have no price for the 306 yet, and one does not list it on its online quote.
The changes that matter
The page alters one detail and shows the new lowest price:
- No NCD (0%): S$1,751.86, which is S$990.19 more
- 20% NCD: S$1,279.62, which is S$517.95 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,913.69, which is S$1,152.02 more
- Driver aged 65, 20 years' driving: S$1,470.91, which is S$709.24 more
- New car, registered this year: S$810.28, which is S$48.61 more
- Car 8 years old: S$745.46, which is S$16.21 less
A young driver pays most, up 151%. With no NCD, the lowest price more than doubles.
The older-driver line stands out. It jumps by S$709.24, because only 3 insurers price a 65-year-old driver online, and the lowest of those is dearer. If you are an older owner, it makes sense to ask insurers directly too.
An 8-year-old car is the only change that lowers the price, and only slightly. These are lowest prices only. A plan higher up the list may react to the same change in its own way, so compare the full list on the page.
How it sits against other cars
The price page compares the 306 with six cars of a similar engine size, same driver and car age:
- BMW X1: S$763.00
- Hyundai Kona: S$763.00
- Honda Freed: S$756.48
- Mazda 3: S$730.18
- Toyota Corolla Altis: S$713.21
- Toyota Sienta: S$674.30
Their average lowest price is S$733.36. The 306 comes in 4% above, and 4 of the six are cheaper to insure. The gaps are small, but these cars each have 13 to 16 insurers pricing them. Other Peugeot models are on the Peugeot car insurance page.
Costs that depend on you
- Petrol: set by distance driven and pump prices.
- Parking: season parking at your HDB block or condo, plus other parking.
- ERP: depends on where and when you drive.
- Upkeep: an older car tends to need more parts over time. Ask a workshop what it can still source for a 306.
- Depreciation: on a car this age, it follows the price paid and the COE years left.
Summary of yearly costs we can show
For the Peugeot 306 1.6 XT:
- Road tax: S$735.28 a year before any age surcharge (checked 2026-10-19)
- Insurance, standard driver: from S$761.67 a year (as of 1 November 2026)
- Insurance, no NCD: from S$1,751.86
- Insurance, driver aged 65: from S$1,470.91
For reference, Category A closed at S$132,004 and Category B at S$131,901 in the October 2026 2nd round.
Before you buy: car insurance for the Peugeot 306
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Peugeot 306 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.