The Toyota bZ4X is an electric SUV. This guide is for you if it is on your list and you want to know the running costs before you sign. It covers the buying price, the COE, road tax and car insurance.
The insurance figures are examples for one stated driver, as of 1 November 2026. Your own quote turns on your own details.
The version on sale
The new-car list read on 2026-10-10 shows one version. It is an SUV made in Japan.
- bZ4X Electric 73.1 kWh: electric, 224bhp
Our quote form prices the same 73.1 kWh electric version. It is the one most of our insurers quote.
The price on the list
As listed on 2026-10-10, the bZ4X Electric 73.1 kWh was S$225,888. That figure included COE on that day.
COE premiums change every round, and dealers update their prices after each one. Ask for a current figure. When you compare offers, check that each includes the same items.
Which COE it needs
The price page sets out the rule for a fully electric bZ4X. It needs a Category A COE if its motor is 110kW (147bhp) or less. It needs a Category B COE if it is more powerful.
In the October 2026 2nd round, Category A closed at S$132,004 and Category B at S$131,901. The COE page has the latest results.
Road tax for an electric motor
Electric cars pay road tax on motor power, not engine size. For the 224bhp (167kW) motor, LTA's formula gives S$1,894.50 a year. That is before any age surcharge.
A car older than 10 years pays more on top:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The road tax page works out other figures.
Car insurance for the standard driver
The Toyota bZ4X price page prices one set of details:
- The car: bZ4X 73.1 kWh, registered 3 years ago, private use, comprehensive cover
- The driver: aged 40, married, office job, driving 10 years
- The record: 50% no-claim discount (NCD), no claims
- Repairs: at an authorised workshop, no options added
On those details, 4 insurers price it online. The lowest premium is S$1,027.22 a year. The insurer whose lowest plan costs most asks at least S$1,638.36. That is S$611.14 more, or 59% on top. The dearest plan on the page is S$1,843.16. All prices include 9% GST.
Many insurers have no online price for this model yet. Some do not quote electric cars online at all. So the field you can compare online is small.
The excess matters here
The excess is the part of a claim you pay yourself. The lowest premium comes with a S$2,500 excess. Other plans carry S$900 or S$600. So the lowest premium also asks the most of you if you claim. Some prices are marked as estimates on the page.
What changes the premium
The price page shows the lowest price when one detail changes and the rest stays the same:
- No NCD (0%): S$1,930.88, which is S$903.66 more
- 20% NCD: S$1,554.25, S$527.03 more
- A driver aged 27 with 3 years' driving and 30% NCD: S$2,094.13, S$1,066.91 more
- A driver aged 65 with 20 years' driving: S$1,152.44, S$125.22 more
- A new car, registered this year: S$1,003.44, S$23.78 less
- A car 8 years old: S$964.85, S$62.37 less
The young driver case costs most. There the lowest price is 104% higher than the standard driver's. Losing all your NCD is close behind. The car's age moves the price only a little.
These are lowest prices only. Plans higher up may move by different amounts.
Next to other electric cars
The price page compares the bZ4X with six similar electric cars, for the 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 bZ4X costs 11% less than that average. Even so, 4 of the six are cheaper to insure on these details. Two pricier rivals pull the average up. Other Toyota models are on the Toyota car insurance page.
Costs that depend on you
Some costs vary too much from owner to owner for one figure to fit.
- Parking: season parking at your HDB block or condo, plus work, malls and the street.
- Charging: depends on how far you drive, where you charge and the rate you pay. Check whether your car park has chargers.
- ERP: set by the roads you use and the time of day.
- Servicing and wear: follow the maker's schedule. Tyres and brakes still wear. Ask what the warranty covers, including the battery.
- Depreciation: turns on what you pay now and what the car fetches later.
Summary of yearly costs we can show
For the Toyota bZ4X 73.1 kWh, with the date of each figure:
- Road tax: S$1,894.50 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$1,027.22 a year (as of 1 November 2026)
- Insurance, no NCD: from S$1,930.88
- Insurance, a car 8 years old: from S$964.85
For reference, the list price was S$225,888 as listed on 2026-10-10. The COE in the October 2026 2nd round was S$132,004 for Category A or S$131,901 for Category B.
Before you buy: car insurance for the Toyota bZ4X
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Toyota bZ4X 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.