The Polestar 2 is a fully electric car, and it is no longer on the new-car list. If you own one or are weighing up a used one, this page goes through the yearly costs. Insurance is the cost with the most figures to show.
The premiums below are examples for one stated driver, as of 1 November 2026. They are for comparing, not a quote for you.
Eight versions on the quote form
The new-car list has no entry for the Polestar 2 on sale now. So this page gives no list price, power figure or body type.
The quote form lists eight versions, all electric:
- Long Range Dual Motor 78 kWh
- Long Range Dual Motor Performance Pack 82 kWh
- Long Range Dual Motor Performance Pack 82 kWh MY23
- Long Range Single Motor 78 kWh
- Standard Range Single Motor 69 kWh
- Standard Range Single Motor 69 kWh MY23
- Standard Range Single Motor 70 kWh
- Standard Range Single Motor Core Edition 69 kWh
The prices below are for the Long Range Dual Motor 78 kWh, the version most of our insurers quote.
COE for an electric car
An electric car's COE category is set by motor power, not engine size. The price page gives the rule. A Polestar 2 needs a Category A COE if its motor is 110kW (147bhp) or less. If it is more powerful, it needs Category B.
In the October 2026 2nd round, Category A closed at S$132,004 and Category B at S$131,901. Single and dual motor versions may differ in power, so check the papers for the car you are looking at. The COE page has the latest results.
Road tax
Road tax on an electric car also follows motor power. The facts here have no motor power for this car, so no road tax figure can be given. The road tax page works it out once you know the motor's power.
The age surcharge applies to electric cars too, once they pass 10 years:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
Insurance on the standard details
The Polestar 2 price page prices this profile:
- Car: Long Range Dual Motor 78 kWh, registered 3 years ago, private use, comprehensive cover
- Driver: 40 years old, married, office job, 10 years' driving
- NCD: 50%, no claims
- Repairs: authorised workshop, no options
5 insurers give an online price. The lowest is S$1,213.63 a year. The insurer whose lowest plan costs most starts at S$2,254.12. That is S$1,040.49, or 86%, more. The dearest plan on the page goes up to S$3,554.18. GST at 9% is included throughout.
Eleven insurers have no online price for it. One does not list the model online. Another does not quote electric cars online. A third prices only repairs at any workshop, which is a different basis.
What the excess looks like
The excess is your own share of a claim. Here it runs from S$300 to S$2,500. The lowest premium carries the highest excess, S$2,500. The dearest plans ask only S$300. Others sit at S$600 or S$900.
So the lowest premium and the smallest excess sit at opposite ends of the page. Weigh both. Two of the prices are estimates.
How the lowest price shifts
The price page changes one thing at a time:
- No NCD: S$2,281.26, S$1,067.63 more, from 6 insurers
- 20% NCD: S$1,839.18, S$625.55 more, from 6 insurers
- Driver aged 27, 3 years' driving, 30% NCD: S$2,450.87, S$1,237.24 more, from only 3 insurers
- Driver aged 65, 20 years' driving: S$1,387.77, S$174.14 more
- New car, registered this year: S$1,210.59, S$3.04 less
- Car 8 years old: S$1,085.96, S$127.67 less, from 6 insurers
The young driver sees the biggest rise, 102%, and also the fewest insurers. Dropping to no NCD costs nearly as much.
A new car is priced almost the same as the 3-year-old one. An 8-year-old car comes out lower. As always, these are the lowest prices only.
Other electric cars on the page
The price page sets the Polestar 2 against six other electric cars, same driver and car age:
- BMW iX1: S$1,907.27
- BYD Sealion 7: S$1,390.72
- Tesla Model Y: S$939.71
- BYD Atto 3: S$913.63
- Tesla Model 3: S$913.62
- BYD M6: S$861.41
Their average lowest price is S$1,154.39. The Polestar 2 costs 5% more. Four of the six are cheaper to insure, and two cost more. Note that the BMW iX1 has only 2 insurers pricing it, against 10 for several of the others.
Costs you will need to estimate
- Charging: home charging, if your car park has a charger, or public charging. Rates and how far you drive set the bill.
- Parking: season parking at home, plus parking at work and when out.
- ERP: depends on your routes and times.
- Servicing: an electric car has its own service schedule. Ask what the battery warranty still covers on a used car, and for how long.
- Depreciation: depends on the price you pay and the COE years left.
Summary of yearly costs we can show
For the Polestar 2 Long Range Dual Motor 78 kWh:
- Road tax: no figure without the motor's power; see the road tax page
- Insurance, standard driver: from S$1,213.63 a year (1 November 2026)
- Insurance, no NCD: from S$2,281.26
- Insurance, driver aged 27 with 30% NCD: from S$2,450.87
- Insurance, a car 8 years old: from S$1,085.96
There is no list price, since the new-car list has no entry. The October 2026 2nd round COE closed at S$132,004 for Category A and S$131,901 for Category B.
Before you buy: car insurance for the Polestar 2
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Polestar 2 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.