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Cheapest car insurance in Singapore (October 2026)

There is no one cheapest car insurer, so this page counts: on every car model we price, which insurer has the lowest comprehensive premium today for a 40-year-old with a 50% no-claim discount, and which is cheapest at each driver age.

Prices as of 28 Oct 2026, GST included.

There is no single cheapest car insurer: it depends on the car and the driver. Today India International is cheapest on 280 of the 590 car models we price (47%), then Allianz on 91. For a Toyota Corolla Altis 1.6, India International is cheapest at 8 of the driver ages we check. The typical lowest premium over every model is S$764.82.

Cheapest insurer, counted over 590 car models

How many models each insurer is cheapest on today, for the standard driver, comprehensive cover, authorised workshop.
InsurerModels cheapest onShare
1. India International28047%
2. Allianz9115%
3. HL Assurance9115%
4. AIG305%
5. Etiqa305%
6. Sompo234%
7. MS First Capital183%
8. ECICS142%
9. FWD61%
10. Great Eastern51%
11. ERGO20%

The typical lowest premium over every model is S$764.82. Budget Direct, DirectAsia, FWD, Income, MSIG quote live for one reference driver, so they count here only where that quote is lowest.

The most common cars: cheapest insurer and price today

The lowest comprehensive premium on each model today, and the insurer giving it. Open a model for every insurer's price.
CarCheapest insurerInsurersLowest price
Toyota Corolla AltisIndia International18S$642.42
Mazda 3HL Assurance14S$730.18
BYD Atto 3AIG11S$789.73
BYD M6AIG10S$799.24
Toyota SientaIndia International17S$604.07
Toyota HarrierIndia International17S$742.90
BMW X1ECICS17S$797.41
Mercedes-Benz GLBAllianz12S$664.09
Honda FreedIndia International16S$642.42
Tesla Model 3Allianz11S$869.87
Tesla Model YAllianz11S$992.89
Hyundai KonaIndia International16S$721.59

By the driver's age, on a Toyota Corolla Altis 1.6

The insurer with the lowest price at each age from 21 to 80 (young drivers with no NCD, older drivers with 50%).
AgeCheapest insurerInsurersLowest price
Age 21Sompo6S$3,791.02
Age 22India International7S$3,113.91
Age 23AIG8S$2,574.96
Age 24AIG10S$2,477.61
Age 25Etiqa11S$2,292.42
Age 26Etiqa13S$2,125.70
Age 27Etiqa14S$1,968.34
Age 28Etiqa14S$1,825.21
Age 29India International14S$1,708.86
Age 30Etiqa14S$1,675.12
Age 55India International14S$642.42
Age 60India International14S$642.42
Age 65India International13S$642.42
Age 68India International13S$642.42
Age 70India International12S$706.67
Age 72India International8S$706.67
Age 75MS First Capital7S$933.54
Age 78Singlife4S$1,014.38
Age 80Singlife2S$1,014.38

Counted up: India International at 8 ages, Etiqa at 5 ages, AIG at 2 ages, Singlife at 2 ages, MS First Capital at 1 age, Sompo at 1 age. The young-driver and older-driver pages explain the gaps.

Compare car insurance for your own car: the cheapest insurer for you is the one that is cheapest on your answers.

Questions people ask

Which car insurer is cheapest in Singapore?

No single one. This month India International is cheapest on 280 of the 590 models we price for a 40-year-old driver with a 50% no-claim discount, and Allianz on 91. The cheapest insurer for you depends on your car, your age and your claims.

Who is cheapest for young drivers?

On a Toyota Corolla Altis 1.6, India International is cheapest at 8 of the 19 driver ages we check, from 21 to 80. The young-driver and older-driver pages show every age.

How do I get the cheapest car insurance?

Compare for your own car and details rather than by insurer name, keep your no-claim discount, choose an authorised-workshop plan if you do not need any-workshop repairs, and take a higher excess only if you could pay it. Promotions change the order from month to month.

Is the cheapest plan a comprehensive one?

The prices here are for comprehensive cover. Third-party, fire and theft is cheaper but pays nothing for damage to your own car; it suits an old car of little value.