# Car insurance: Tesla Model 3 (110kW), 3 years old, 50% no-claim discount

Indicative premiums from Shenton Insurance Brokers. As of 28 Oct 2026 (Singapore time).

## Assumptions

- Tesla Model 3 (110kW)
- Car registered 3 years ago, private use, comprehensive cover
- Main driver aged 40, married, office job, driving 10 years
- 50% no-claim discount, no claims; repairs at an authorised workshop; no options

## Premiums

Ranked by premium only, lowest first. Commission never affects the order.

| Insurer | Plan | Premium | Excess | As at |
| --- | --- | --- | --- | --- |
| Allianz | Allianz Electric Motor Protect Comprehensive | S$869.87 | S$2,000.00 | 21 Oct 2026 |
| ECICS | Comprehensive | S$1,142.01 | S$750.00 | 22 Oct 2026 |
| AIG | AIG Car Insurance Collision Only | S$1,191.89 | S$600.00 | 21 Oct 2026 |
| Etiqa | Private Car Insurance – Comprehensive (Authorised Workshop) | S$1,265.05 | S$2,500.00 | 20 Oct 2026 |
| AIG | AIG Car Insurance Complete | S$1,408.64 | S$600.00 | 21 Oct 2026 |
| ECICS | Comprehensive Family NCD Builder | S$1,492.01 | S$750.00 | 22 Oct 2026 |
| HL Assurance | Car Protect360 Comprehensive | S$1,498.74 | S$1,200.00 | 20 Oct 2026 |
| Sompo | Comprehensive Cover – Authorised Workshop Plan | S$1,646.97 | S$600.00 | 20 Oct 2026 |
| Great Eastern | GREAT EV Protect Comprehensive (Any Workshop) | S$1,698.26 | S$900.00 | 20 Oct 2026 |
| DirectAsia | Car Insurance – Comprehensive, Value plan | S$2,080.47 (estimate) | S$800.00 | 21 Oct 2026 |
| DirectAsia | Car Insurance – Comprehensive, Value Plus plan | S$2,155.94 (estimate) | S$800.00 | 21 Oct 2026 |
| FWD | eDrivo Premium | S$2,157.71 | S$600.00 | 20 Oct 2026 |
| Income | eDrivo Premium | S$2,157.71 | S$600.00 | 20 Oct 2026 |
| Singlife | Motor Standard | S$2,678.33 | S$2,500.00 | 20 Oct 2026 |
| DirectAsia | Car Insurance – Comprehensive, Flexible plan | S$3,001.72 (estimate) | S$800.00 | 21 Oct 2026 |
| Singlife | Motor Prestige | S$3,795.25 | S$2,500.00 | 20 Oct 2026 |

All prices include 9% GST.

These are example prices for the details above. Your own price depends on your answers.

"As at" is the date we read the insurer's published price table. A price with today's date comes from the insurer's live rates.

## The Tesla Model 3 in short

For the driver above, Allianz is cheapest for the Tesla Model 3 today, at S$869.87 for its Allianz Electric Motor Protect Comprehensive plan. 11 insurers price it; the dearest of them, Singlife, asks at least S$2,678.33, S$1,808.46 (208% more) on top, so comparing pays. Of the changes below, the one that costs most is "the same driver with no NCD (0%)": the lowest price rises to S$1,854.84, 113% more. Against 6 similar cars (below) it costs 4% more than their average lowest price of S$836.28; 5 of them are cheaper to insure.

## How the Tesla Model 3 price changes

The lowest price today when one thing about the driver or the car changes.

| Driver and car | Lowest price | Against this page | Insurers | Cheapest |
| --- | --- | --- | --- | --- |
| This page: driver aged 40, 10 years’ driving, 50% NCD, car 3 years old | S$869.87 (as at 21 Oct 2026) |  | 11 | Allianz |
| The same driver with no NCD (0%) | S$1,854.84 (as at 21 Oct 2026) | S$984.97 more | 11 | Allianz |
| The same driver with 20% NCD | S$1,483.87 (as at 21 Oct 2026) | S$614.00 more | 11 | Allianz |
| Driver aged 27, 3 years’ driving, 30% NCD | S$1,775.04 (as at 21 Oct 2026) | S$905.17 more | 11 | Allianz |
| Driver aged 65, 20 years’ driving, 50% NCD | S$970.21 (as at 21 Oct 2026) | S$100.34 more | 10 | Allianz |
| A new car (registered this year) | S$869.87 (as at 21 Oct 2026) | the same | 10 | Allianz |
| A car 8 years old | S$869.87 (as at 21 Oct 2026) | the same | 11 | Allianz |

## The Tesla Model 3 on our quote form

We priced the Tesla Model 3 (110kW) (electric), the version most of our insurers quote.

Versions on the form:

- [Tesla Model 3 (110kW)](https://shentonbrokers.com/quote/car?brand=tesla&model=tesla-model-3-110kw&ncd=50&licenceYears=10&ncdProtector=no&regDate=2023-10-28&demeritFree=yes&claims=no&dob=1986-10-28&gender=m&maritalStatus=married&occupationNature=indoor&meritCertificate=no&offPeak=no&workshop=authorised) (electric)
- [Tesla Model 3 (208kW)](https://shentonbrokers.com/quote/car?brand=tesla&model=tesla-model-3-208kw&ncd=50&licenceYears=10&ncdProtector=no&regDate=2023-10-28&demeritFree=yes&claims=no&dob=1986-10-28&gender=m&maritalStatus=married&occupationNature=indoor&meritCertificate=no&offPeak=no&workshop=authorised) (electric)
- [Tesla Model 3 (461kW)](https://shentonbrokers.com/quote/car?brand=tesla&model=tesla-model-3-461kw&ncd=50&licenceYears=10&ncdProtector=no&regDate=2023-10-28&demeritFree=yes&claims=no&dob=1986-10-28&gender=m&maritalStatus=married&occupationNature=indoor&meritCertificate=no&offPeak=no&workshop=authorised) (electric)

## Insurers with no online price for the Tesla Model 3

- Budget Direct: This insurer has no online price for this car model yet.
- ERGO: This insurer has no online price for this car model yet.
- India International: This insurer has no online price for electric cars.
- Liberty: This insurer has no online price for this car model yet.
- MS First Capital: MS First Capital does not quote electric cars online.
- QBE: This insurer has no online price for this car model yet.
- UOI: This insurer has no online price for this car model yet.

## The Tesla Model 3 against similar cars

The same driver and car age, each car at the version most insurers quote.

| Car | Engine | Lowest price | Insurers |
| --- | --- | --- | --- |
| [BYD Atto 3](https://shentonbrokers.com/prices/car/byd-atto-3) | electric | S$789.73 (as at 21 Oct 2026) | 11 |
| [BYD M6](https://shentonbrokers.com/prices/car/byd-m6) | electric | S$799.24 (as at 21 Oct 2026) | 10 |
| [Hyundai Ioniq 5](https://shentonbrokers.com/prices/car/hyundai-ioniq-5) | electric | S$954.21 (as at 20 Oct 2026) | 9 |
| [BYD Dolphin](https://shentonbrokers.com/prices/car/byd-dolphin) | electric | S$787.08 (as at 21 Oct 2026) | 11 |
| [BYD Seal](https://shentonbrokers.com/prices/car/byd-seal) | electric | S$861.20 (as at 21 Oct 2026) | 11 |
| [Kia EV6](https://shentonbrokers.com/prices/car/kia-ev6) | electric | S$826.24 (as at 21 Oct 2026) | 6 |

## COE for the Tesla Model 3

A fully electric Tesla Model 3 needs a Category A COE (S$132,004 in the October 2026, 2nd round) if its motor is 110kW (147bhp) or less, and a Category B COE (S$131,901 in the October 2026, 2nd round) if it is more powerful.

Latest results: https://shentonbrokers.com/coe

Get your own quote with these answers filled in: https://shentonbrokers.com/quote/car?brand=tesla&model=tesla-model-3-110kw&ncd=50&licenceYears=10&ncdProtector=no&regDate=2023-10-28&demeritFree=yes&claims=no&dob=1986-10-28&gender=m&maritalStatus=married&occupationNature=indoor&meritCertificate=no&offPeak=no&workshop=authorised

You finish buying on the insurer's own site; the insurer takes payment and issues the policy.

Web page: https://shentonbrokers.com/prices/car/tesla-model-3