A Toyota Premio with a 1.5-litre engine sits in a modest road tax band, and its insurance for a settled driver starts at S$604.07. Those are the two headline figures. This guide explains each cost behind them, from the COE to the costs that depend on you.
All insurance prices here are examples read on 20 October 2026 for one stated driver and car. They are not a quote.
The Premio versions
The new-car list has no entry for the Premio on sale now, so this guide gives no list price or power figure. The quote form lists three versions:
- Premio 1.5 F: 1,496cc
- Premio 1.5F: 1,497cc
- Premio 1.8 X: 1,794cc
The two 1.5 entries are listed separately on the form. Use the one that matches your car's papers. The insurance figures below are for the 1.5 F (1,496cc), the version most of our insurers quote.
COE: set by power
The price page sets out the rule for the Premio 1.5 F, with its 1,496cc engine. It needs a Category A COE if its power is 97kW (130bhp) or less. It needs a Category B COE if its power is more.
In the October 2026 1st round, Category A closed at S$130,001 and Category B at S$130,100. These move each round. The COE page has the latest results.
Road tax
LTA's formula gives S$681.90 a year for the 1,496cc engine, before any age surcharge.
From 10 years on, the surcharge applies:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The 1.8 X has a bigger engine, so its tax is higher. Look it up on the road tax page.
Insurance for the standard driver
The Toyota Premio price page prices this case:
- Car: Premio 1.5 F, 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
For that driver, 14 insurers give a price. The lowest premium is S$604.07. The insurer whose lowest plan is highest asks at least S$1,232.96, which is S$628.89 more, or 104% on top. All prices include 9% GST.
Two insurers on our panel have no online price for the Premio yet. Every other insurer we compare that prices cars online quotes it, so you have a wide field to choose from.
The gap between the lowest and the highest is more than the lowest premium itself. That alone makes a side-by-side comparison worthwhile.
What the excess adds
The excess is your share of every claim. Most plans here carry S$600. Three ask S$2,500 and one asks S$3,000. The lowest on this page is S$500. A low premium with a large excess can cost you more in a year when you claim.
What changes the premium
With one detail changed and the rest kept, the price page shows these lowest prices:
- No NCD (0%): S$976.44, S$372.37 more
- 20% NCD: S$976.44, S$372.37 more
- Driver aged 27, 3 years' driving, 30% NCD: S$976.44, S$372.37 more
- Driver aged 65, 20 or more years' driving: S$604.07, the same
- A new car, registered this year: S$622.34, S$18.27 more
- A car 8 years old: S$552.91, S$51.16 less
The NCD is the big one. Lose it, and the lowest price rises 62%. A driver with 20% NCD, or a driver aged 27, lands on the same figure.
An older driver pays the same as the standard driver. Car age makes only a small difference: a new Premio costs S$18.27 more and an 8-year-old one S$51.16 less.
These are lowest prices only. Dearer plans may move by other amounts, so check the plan you would actually pick, not just the first price on the list.
Keeping your NCD
Your NCD builds up with each claim-free year and drops after a claim. Some plans offer NCD protection for an extra charge. On this car, that NCD is worth up to S$372.37 a year at the lowest price.
Against similar cars
The price page lines up six cars for the same driver and car age:
- Mazda 3: S$927.36
- BMW X1: S$811.71
- Mercedes-Benz GLB: S$787.96
- Mercedes-Benz C-Class: S$749.93
- Hyundai Kona: S$721.59
- Honda Freed: S$642.42
Their average lowest price is S$773.50. The Premio sits 22% below that, and none of the six is cheaper to insure. The Toyota car insurance page lists other Toyotas.
Costs that depend on you
- Parking: season parking at home, and what you pay at work and in town.
- Petrol: your mileage and pump prices.
- ERP: your routes and the times you use them.
- Servicing: the maker's schedule, plus tyres, brakes and a battery over time.
- Depreciation: what you pay against what the car fetches later, which depends on the COE years left.
Summary of yearly costs we can show
For the Premio 1.5 F (1,496cc):
- Road tax: S$681.90 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$604.07 a year (20 October 2026)
- Insurance, no NCD: from S$976.44
- Insurance, a car 8 years old: from S$552.91
For reference, Category A closed at S$130,001 and Category B at S$130,100 in the October 2026 1st round.
Before you buy: car insurance for the Toyota Premio
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Toyota Premio 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.