The verdict first, on cost alone. The Toyota Prado 2.7 pays a high road tax for its 2,693cc engine, yet its insurance for a settled driver starts below every similar car on its price page. Whether that balance suits you depends on who drives it and how long you keep it.
The insurance figures are examples read on 20 October 2026 for one stated driver and car. Your own quote depends on your details.
The Prado on our quote form
The new-car list has no entry for the Prado on sale now. That means no list price, power figure or body type from it here. The quote form prices the Prado 2.7, with a 2,693cc engine. It is the version most insurers quote, and all insurance figures below are for it.
The COE it falls under
The price page states that the Prado 2.7, with its 2,693cc engine, is above 1,600cc. It needs a Category B COE. In the October 2026 1st round, Category B closed at S$130,100.
The figure changes at every bidding round. The COE page has the latest. On a car that is already registered, the COE end date tells you how long the car can stay on the road before renewal.
Road tax is the big fixed cost
A large engine means a large road tax bill. LTA's formula gives S$2,024.98 a year for 2,693cc, before any age surcharge.
The surcharge begins after 10 years and climbs each year after that:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
On a base this size, each step adds a noticeable sum. If the car you are looking at is near the 10-year mark, plan for it. The road tax page covers other engine sizes.
What insurance costs
The Toyota Prado price page prices this driver and car:
- Car: Prado 2.7, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 to 19 years
- Record: 50% no-claim discount (NCD), no claims
- Repairs: authorised workshop, no add-ons
15 insurers price it for that driver, and only one on our panel has no online price for it yet. The lowest premium is S$764.82. The insurer whose lowest plan is highest asks at least S$1,650.82. That is S$886.00 more, or 116% on top. All prices include 9% GST.
So the same driver can pay more than twice as much for the same Prado. Comparing quotes is worth the time.
Excess
The excess is what you pay on each claim before the insurer pays. Most plans here carry S$600. The range runs from S$0 on one plan to S$3,000 on another, with three at S$2,500. Read the excess next to the premium on every quote.
Who it suits on cost, and who pays more
The price page changes one detail at a time and shows the lowest price:
- No NCD (0%): S$1,207.04, S$442.22 more
- 20% NCD: S$1,207.04, S$442.22 more
- Driver aged 27, 3 years' driving, 30% NCD: S$1,207.04, S$442.22 more
- Driver aged 65, 20 or more years' driving: S$764.82, the same
- A new car, registered this year: S$787.96, S$23.14 more
- A car 8 years old: S$700.28, S$64.54 less
It suits
- A settled main driver with a full NCD: the S$764.82 floor.
- An older driver: a driver aged 65 keeps the same lowest price, though one fewer insurer quotes that case.
- Someone buying an older car: an 8-year-old Prado starts lower than a 3-year-old one.
It costs more for
- A driver without an NCD: the floor rises 58%.
- A younger driver: aged 27 with 30% NCD, the same S$1,207.04.
So a household that will put a new driver on the policy should price that case first.
Against similar cars
The price page sets the Prado next to six cars with large engines, for the same driver and car age:
- Audi S4 Saloon: S$1,501.01
- Audi RS 3 Sedan: S$1,310.08
- Audi RS 3 Sportback: S$1,310.08
- Audi Q7: S$1,238.58
- Mitsubishi Outlander: S$861.03
- Honda Odyssey: S$811.71
Their average lowest price is S$1,172.08. The Prado comes in 35% below that, and none of the six is cheaper to insure. Fewer insurers price the Audi RS 3 pair and the S4 Saloon. Other Toyotas are on the Toyota car insurance page.
Questions to ask yourself
- Can you carry the road tax? It is the largest yearly figure here.
- Who drives it most? The driver's NCD moves the premium far more than the car's age does.
- How many COE years are left? That sets how long you can use the car.
- What excess can you afford on a claim? The range on this car is wide.
Costs that depend on you
- Parking: season parking at your HDB block or condo, plus parking at work and when out.
- Petrol: set by your mileage and pump prices.
- ERP: your routes and the times you drive them.
- Servicing and tyres: the maker's schedule, plus tyres, brakes and a battery over the years.
- Depreciation: what you pay against what the car fetches later.
Summary of yearly costs we can show
For the Prado 2.7 (2,693cc):
- Road tax: S$2,024.98 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$764.82 a year (20 October 2026)
- Insurance, no NCD or a driver aged 27: from S$1,207.04
- Insurance, a car 8 years old: from S$700.28
For reference, Category B closed at S$130,100 in the October 2026 1st round.
Before you buy: car insurance for the Toyota Prado
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Toyota Prado 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.