For the standard driver, the Toyota Ractis costs less to insure than any of the six similar cars on its price page. This piece lays out where its yearly money goes: road tax, insurance, and the costs that depend on you. It also explains the COE rule for its engine.
The insurance figures are examples read on 20 October 2026. They are for one stated driver and car, not a quote for you.
Two versions, two engine sizes
The new-car list has no entry for the Ractis on sale now, so there is no list price, power figure or body type here. The quote form lists two versions:
- Ractis 1.3: 1,296cc
- Ractis 1.5: 1,497cc
The insurance figures below are for the 1.3, which most of our insurers quote. The 1.5 has a larger engine, so its road tax and insurance will differ.
The COE rule
For the Ractis 1.3, with a 1,296cc engine, the price page states the rule. It needs a Category A COE if its power is 97kW (130bhp) or less, and a Category B COE if it is more.
In the October 2026 1st round, Category A closed at S$130,001 and Category B at S$130,100. Both move each round. The COE page has the latest. If you buy a registered car, note the date its COE runs out.
Road tax
For the 1,296cc engine, LTA's formula gives S$564.60 a year before any age surcharge.
The surcharge applies once a car is more than 10 years old:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
On a small engine, each step is small in dollars, but it still adds up over a few years. For the 1.5's figure, see the road tax page.
Insurance for the standard driver
The Toyota Ractis price page prices this case:
- Car: Ractis 1.3, 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, 12 insurers price the Ractis. The lowest premium is S$586.41. The insurer whose lowest plan is highest asks at least S$1,125.76. That is S$539.35 more, or 92% on top. All prices include 9% GST.
Four insurers on our panel have no online price for the Ractis yet. If you hold a policy with one of them, ask it for a quote and compare it with the prices on the page.
Excess
Your excess is the first part of any claim, which you pay. Twelve plans here carry S$600. A few sit at S$500, S$750 or S$800. One plan asks S$2,500. Every plan on this page has an excess, so check it before you choose on price.
The NCD is worth a lot on this car
The price page shows the lowest price with one detail changed:
- No NCD (0%): S$989.59, S$403.18 more
- 20% NCD: S$987.63, S$401.22 more
- Driver aged 27, 3 years' driving, 30% NCD: S$989.59, S$403.18 more
- Driver aged 65, 20 or more years' driving: S$586.41, the same
- A new car, registered this year: S$604.07, S$17.66 more
- A car 8 years old: S$545.00, S$41.41 less
With no NCD, the lowest price rises 69%. A 20% NCD saves almost nothing on that, at S$987.63. A driver aged 27 with 30% NCD pays the same as a driver with none. So the full 50% NCD is where most of the saving sits.
An older driver pays the same as the standard driver. The car's age moves the price only a little. An 8-year-old Ractis starts S$41.41 lower, and a new one S$17.66 higher.
These are lowest prices only. Plans higher up may move by other amounts, and fewer insurers quote some cases.
Ways to keep the NCD
Your NCD grows with each year you go without a claim. A claim usually cuts it back. Some plans let you protect it for an extra charge. For a small claim, it can be worth weighing the repair cost against the NCD you would lose.
Against similar cars
The price page compares the Ractis with six cars, for the same driver and car age:
- Mercedes-Benz A-Class: S$787.96
- Mercedes-Benz GLA: S$787.96
- Mercedes-Benz GLB: S$787.96
- Honda Jazz / Fit: S$622.34
- Nissan Qashqai: S$590.12
- Nissan Kicks e-Power: S$590.12
Their average lowest price is S$694.41. The Ractis sits 16% below it, and none of the six is cheaper to insure. Both Nissans come close. More Toyota models are on the Toyota car insurance page.
Costs that depend on you
- Parking: season parking at your HDB block or condo, plus parking at work and when out.
- Petrol: what you drive each month and the pump price.
- ERP: depends on your routes and the time of day.
- Servicing: the maker's schedule, plus tyres, brakes and a battery over the years.
- Depreciation: what you pay against what the car fetches later, which depends on its remaining COE.
Summary of yearly costs we can show
For the Ractis 1.3 (1,296cc):
- Road tax: S$564.60 a year before any age surcharge (LTA's formula, checked 2026-10-19)
- Insurance, standard driver: from S$586.41 a year (20 October 2026)
- Insurance, no NCD: from S$989.59
- Insurance, a car 8 years old: from S$545.00
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 Ractis
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Toyota Ractis 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.