The Polestar 3 is a large electric SUV. If it is on your list, the yearly costs need a close look, because its road tax is high. This guide sets out each cost the facts cover and names the ones they do not.
The insurance prices are examples for one stated driver, as of 1 November 2026. They let you compare plans. They are not a quote.
What the new-car list shows
The new-car list, read on 2026-10-10, has one entry for the Polestar 3:
- Polestar 3 Electric Long Range Dual Motor 111 kWh, 483bhp, an SUV made in China
The list gives no price for it on that date. So this page cannot show a list price. Ask the dealer for a current figure.
The quote form carries three versions:
- Long Range Dual Motor 111 kWh
- Long Range Dual Motor Performance Pack 111 kWh
- Long Range Single Motor 111 kWh
The insurance prices below are for the Long Range Dual Motor 111 kWh.
The COE rule
Electric cars are placed in a COE category by motor power. The price page gives the rule for the Polestar 3. It needs a Category A COE if its motor is 110kW (147bhp) or less, and a Category B COE if it is more powerful.
The October 2026 2nd round closed at S$132,004 for Category A and S$131,901 for Category B. Results change every round. See the COE page for the latest.
Road tax is the big yearly figure
Road tax on an electric car follows motor power. For the 483bhp (360kW) motor, LTA's formula gives S$5,118.30 a year. That is before any age surcharge.
That sum is paid every year you keep the car. It is a large part of the yearly cost, and it is worth setting next to the insurance figures below.
After 10 years, a surcharge is added:
- Older than 10 years: +10%
- Older than 11 years: +20%
- Older than 12 years: +30%
- Older than 13 years: +40%
- Older than 14 years: +50%
The road tax page shows how motor power sets the figure.
Car insurance for one standard driver
The Polestar 3 price page prices these details:
- Car: Long Range Dual Motor 111 kWh, 3 years old, private use, comprehensive cover
- Driver: aged 40, married, office job, 10 years of driving
- NCD: 50%, no claims
- Repairs: authorised workshop, no options added
4 insurers price it online. The lowest premium is S$1,243.26 a year. The insurer whose lowest plan costs most asks at least S$2,461.22. That is S$1,217.96 more, or 98%. All prices include 9% GST.
Fifteen insurers have no online price. Some have none for this model yet. One does not list the model online. Two have no online price for electric cars at all. With a small field, the gap between the four matters more.
Excess
The excess is the part of a claim you pay. The lowest premium on the page has a S$2,500 excess. The other three plans ask S$600. Three of the four prices are marked as estimates.
What changes the premium
The price page varies one detail at a time and gives the lowest premium. All 4 insurers price each case:
- No NCD: S$2,336.98, S$1,093.72 more
- 20% NCD: S$1,884.03, S$640.77 more
- Driver aged 27, 3 years' driving, 30% NCD: S$2,511.23, S$1,267.97 more
- Driver aged 65, 20 years' driving: S$1,365.45, S$122.19 more
- A new car: S$1,239.61, S$3.65 less
- A car 8 years old: S$1,113.66, S$129.60 less
For the younger driver, the lowest price is 102% higher. Having no NCD costs almost as much.
A new car prices about the same as a 3-year-old one. An older car is a little lower. Only the lowest price is shown for each case.
Against other electric cars
The price page compares the Polestar 3 with six electric cars, same driver and car age:
- BYD M6: S$861.41
- Tesla Model 3: S$913.62
- BYD Atto 3: S$913.63
- Tesla Model Y: S$939.71
- BYD Sealion 7: S$1,390.72
- BMW iX1: S$1,907.27
Their average lowest price is S$1,154.39. The Polestar 3 costs 8% more. Four of the six cost less to insure, and two cost more. Most of the cheaper ones also have more insurers pricing them.
Costs that turn on your use
- Charging: at home if your car park has a charger, or at public chargers. Your distance and the rates you pay decide it.
- Parking: season parking at home, plus parking at work and in town. Check bay sizes where you park often.
- ERP: depends on where and when you drive.
- Servicing and tyres: follow the maker's schedule. Ask what the warranty covers, including the battery.
- Depreciation: what you pay now against what the car fetches later.
Summary of yearly costs we can show
For the Polestar 3 Long Range Dual Motor 111 kWh:
- Road tax: S$5,118.30 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$1,243.26 a year (1 November 2026)
- Insurance, no NCD: from S$2,336.98
- Insurance, driver aged 65: from S$1,365.45
- Insurance, a car 8 years old: from S$1,113.66
The new-car list read on 2026-10-10 gives no list price. The COE in the October 2026 2nd round closed at S$132,004 for Category A and S$131,901 for Category B.
Before you buy: car insurance for the Polestar 3
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Polestar 3 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.