AMTD PolicyPal It is vital to renew your car insurance yearly to protect your car from mishaps, including accidents. Before you do, compare the best deals available and pick a car insurance plan that suits your needs best.
Although it’s tempting to just renew your current car insurance for convenience’ sake, you could be potentially overlooking a more advantageous offer. For instance, you could save money with a more affordable premium with another insurer.
Car insurance plans now include valuable features that can come in handy, like personalised roadside aid, a selection of workshops in convenient locations, as well as car insurance options that are tailored to suit your profile and car.
Here are a few of the best comprehensive car insurance plans Singapore has to offer.
MSIG MotorMax & Motormax Plus
|
Insurance Coverage |
Limits |
|
|
MotorMax |
MotorMax Plus |
|
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Comprehensive Coverage of Insured Vehicle against loss or damage |
Market Value of Insured Vehicle at time of loss or damage |
|
|
Liability to Third Parties |
||
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Death or Bodily Injury to Any Person |
Unlimited |
|
|
Damage to Property |
S$5,000,000 |
|
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Personal Accident Benefits |
||
|
Policyholder |
S$20,000 |
S$100,000 |
|
Authorised Driver and/or Passenger (up to legal seating capacity) |
S$10,000 each |
S$50,000 each |
|
Medical Expenses |
||
|
Policyholder |
Up to S$1,000 |
|
|
Authorised Driver and/or Passenger (up to legal seating capacity) |
Up to S$1,000 each |
|
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Choice of Workshop For accident repairs to Insured Vehicle |
MSIG authorised workshops |
Any workshops |
|
Transport Allowance While the Insured Vehicle undergoes repairs following accident damage if the approved repair period is more than 3 days. If applicable, cover starts from the 1st day of repairs. |
Not covered |
S$50 per day Maximum 10 days |
|
New for Old Replacement Replaces with a new vehicle of the same make, model, and engine capacity up to S$100,000 above the market value of the Insured Vehicle at the time of a Total Loss or Constructive Total Loss occurring within 12 months of its first registration, or pays for the difference. *Does not cover losses caused by floods, theft, or robbery of the Insured Vehicle *High performances, sports makes, and high value vehicles are excluded |
Not covered |
Covered |
|
Loan Protection Benefits Pays the outstanding loan amount in respect of the Insured Vehicle following accidental death of the Policyholder in direct connection with the Insured Vehicle |
Not covered |
Up to S$100,000 |
|
Windscreen Cover Due to breakage, subject to excess of S$100 for each claim *Excess is waived where repair to the windscreen is done instead of a replacement |
Auto reinstatement |
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24-Hour Automobile and Medical Assistance Services |
||
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Auto Assistance Helpline Services |
Available |
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Emergency medical evacuation and repatriation of the Policyholder for accidents within the Geographical Area* (excluding Singapore) in connection with the Insured Vehicle *Singapore, West Malaysia and the part of Thailand within 80 kilometres of the border between Thailand and West Malaysia. |
S$50,000 |
|
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Additional Benefits Applicable to Electric Vehicle |
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Emergency Electric Vehicle Towing Services Provides emergency towing services when your electric vehicle runs out of electricity during use, subject to S$50 for each service engaged through our Auto Assistance hotline |
Not covered |
Covered |
|
Medical Expenses is extended to cover Policyholder, authorised driver, and/or passenger injured by electric shock as a result of an electric vehicle battery leakage. |
Not covered |
Up to S$2,000 each |
|
Replacement of Car Lock and Keys |
Not covered |
Up to S$250 |
|
Promotions |
Exclusive AMTD PolicyPal Group Promotion MotorMax: Get S$38 Rewards via PayNow and S$100 e-vouchers from MSIG when you BUY NOW! Motormax Plus: Get S$58 Rewards via PayNow and S$120 e-vouchers from MSIG when you BUY NOW! 1 April to 30 April 2024 T&Cs Apply! Email us at [email protected] on how to redeem the rewards. Buy Now |
|
TIQ Private Car Insurance
|
Insurance Benefit |
Coverage (Comprehensive Plan) |
|
Loss and Damage Costs due to Accidents |
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Accidental loss or damage due to fire |
Covered |
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Loss or damage due to theft |
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Accidental loss or damage by other insured causes (not fire or theft) |
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Accessories and spare parts due to fire and/or theft only |
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Towing Service |
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Towing fee to repairers or places of safety due to an accident |
Up to S$200 |
|
Legal Liability |
|
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Death or bodily injury to third party |
Covered |
|
Loss or damage to property that belongs to other party |
|
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Legal costs and expenses if you are legally responsible |
Up to S$2,000 |
|
Personal Accidents |
|
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Personal Accident cover for policyholder due to a car accident |
Up to S$50,000 |
|
Medical expenses if policyholder/named driver or passenger in the vehicle is injured due to a car accident |
Up to S$1,000 |
|
Windscreen Cover |
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Unlimited windscreen cover |
Excess of S$100 |
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Daily transport allowance for authorised workshops and repairs exceeding 3 days |
S$50 per day (up to 5 days) |
|
Excess for Driver(s) |
|
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Excess for driver(s) |
Adjustable excess up to S$2,500 to save more on premium |
|
Additional excess for Unnamed Driver |
S$500 |
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Additional excess for Elderly, Young and Inexperienced Driver |
S$2,000 |
|
Promotion |
Comprehensive Plan ONLY: Use promo code “TIQPP” to get Up to S$300 Rewards via TIQ Cashback and 20% discount when you BUY NOW! 1 April to 30 April 2024 Buy Now |
Related: The Average Cost of COE in Singapore
Allianz Motor Protect
|
Benefit |
Coverage (Comprehensive Plan) |
|
Loss Or Damage To Car By Accident Or Theft |
Covered (Vehicle must be repaired at an assigned workshop unless the optional cover “Repairs at preferred workshop” is chosen) |
|
Loss Or Damage To Car By Fire And Theft Only |
Covered |
|
Taxi Reimbursement |
Up to S$100 per accident or breakdown |
|
Towing Costs |
Up to S$500 per accident or breakdown |
|
Authorised Repair Limit |
Up to S$350 per accident |
|
Damage To Third-party Property |
Up to S$5 million per accident |
|
Death Or Injury To Third-party |
Covered |
|
Legal Representation And Defense |
Up to S$3,000 per accident |
|
“New for Old” Replacement Car |
Covered (If your car is less than 2 years old and damaged beyond repair) |
|
Courtesy Car |
Up to 10 days per accident or breakdown |
|
Daily Transport Allowance |
S$50 per day, up to 10 days per accident |
|
24/7 Roadside Assistance |
Covered |
|
Lifetime Warranty on Repairs |
Covered (If repaired at an authorised workshop) |
|
Unlimited Windscreen Cover |
Covered |
|
Promotion |
Not Available |
FWD Car Insurance
|
Insurance Coverage |
Classic |
Executive |
Prestige |
|
Damage & Repairs |
|||
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Repair or replacement if your car is accidentally damaged, lost or stolen |
Available |
||
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Any driver you trust to drive your car is covered |
Not available |
Available |
|
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Standard excess each time your car is accidentally damaged. Amount varies depending on car make and model |
From S$750 |
||
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Additional excess each time your car is accidentally damaged by a driver under 27 years old |
S$2,500 |
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Towing costs if your car is damaged or unsafe to drive |
S$300 |
S$400 |
S$500 |
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Safe travel after an accident |
S$40 per occupant |
S$60 per occupant |
S$80 per occupant |
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Daily transport allowance while your car is being repaired |
S$40 per day, for up to 6 days |
S$60 per day, for up to 8 days |
S$80 per day, for up to 10 days |
|
Repair or replace your accessories if they are damaged, lost or stolen |
S$500 |
S$1,000 |
S$2,000 |
|
Windscreen repair or replacement (S$100 excess for replacement) |
Available |
||
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Extended workmanship guarantee for repairs done by FWD premium workshops |
Available |
||
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Courtesy car until repair is completed, or for up to three months if damaged beyond repair or permanently lost |
Not Available |
Available |
|
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New car replacement for cars less than 12 months old (if your car is written off or permanently lost) |
Available |
||
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Injuries to you or your passengers |
|||
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Medical expenses in case of a car accident (per occupant) |
Up to S$1,000 |
Up to S$3,000 |
Up to S$5,000 |
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Pay-out if the driver of your car dies or becomes permanently disabled from an accident |
Up to S$30,000 |
Up to S$50,000 |
Up to S$75,000 |
|
Pay-out for each passenger in your car who dies or becomes permanently disabled from an accident |
Up to S$10,000 |
Up to S$20,000 |
Up to S$25,000 |
|
One-time payment for surviving children if both parents die or are permanently disabled in a car accident |
S$250,000 |
S$375,000 |
S$500,000 |
|
Damage to your belongings |
|||
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Replacement of damaged, lost or stolen keys and locks |
Not available |
Up to S$500 |
Up to S$1,000 |
|
Replacement of damaged, lost or stolen personal belongings |
Not available |
Up to S$1,000 |
Up to S$2,000 |
|
Damage to others |
|||
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Legal costs if you are sued for damage caused by your car |
Up to S$3,000 |
||
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Cover for accidental damage to someone’s property caused by your car |
Up to S$5,000,000 |
||
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Unlimited cover if you’re legally responsible for someone’s death or injury caused by your car |
Covered |
||
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Promotion |
Comprehensive Plans only: Use Promo Code “POLICYPAL” to get 10% discount 8 April to 21 April 2024 Buy Now |
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Singlife Car Insurance
|
Benefit |
Motor Lite |
Motor Standard |
Motor Prestige |
|
Loss or damage to your car |
|||
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Accident loss, fire or the damage (Up to the car’s market value including the COE. Your manufacturer-fitted car accessories and audio equipment are covered for an unlimited amount |
Covered |
||
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Brand new car replacement If the accident repair cost is >70% of its market value, and you bought your car when it was brand new, and the accident occurred within the specified time period mentioned in the policy. |
12 months |
24 months |
|
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Repairs for your car |
Approved repairer only |
Any repairer (excess will be doubled if done at non-approved repairer) |
Any repairer |
|
Additional excess for young and/or inexperienced drivers If the driver (including policyholder) is aged 24 and below or has held a valid driving licence for less than 2 years |
S$2,500 |
S$0 |
|
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Towing services Unlimited towing services to the nearest accident reporting centre |
Covered |
||
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On-site accident reporting Receive accident reporting assistance at the scene of the accident in Singapore. |
Not available |
Available |
|
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Pickup from accident location You and your passengers can get a ride to any destination within Singapore following an accident. |
Not available |
Available |
|
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Your Liability |
|||
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Coverage for death or injury to another person Unlimited, includes passengers. |
Covered |
||
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Coverage for legal charges Unlimited, with Singlife’s consent. |
|||
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Damage to third party’s property Up to S$5 million |
|||
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Injury to you – Personal Accident |
|||
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Death |
Not available |
S$50,000 |
S$100,000 |
|
For loss of limb |
S$25,000 |
S$50,000 |
|
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For loss of sight/hearing in one eye/ear |
|||
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Medical Expenses If you or any of your passengers in your car are injured in an accident. |
S$500 |
S$2,500 |
S$5,000 |
|
Personal Belongings Covers losses arising from your car due to fire, theft or an accident. |
Not available |
S$1,000 |
S$3,000 |
|
Child Seat Coverage Up to $250 for damage to a fitted child seat in your car due to an accident, fire or theft |
Available |
||
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Geographical Coverage Covers the use of your car in Singapore, West Malaysia and Peninsula Thailand (up to 80 km from the border with West Malaysia) |
Available |
||
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No Claims Discount (NCD) Step Down NCD step down for each and every claim. |
30% |
10% |
10% |
|
5% Safe Driver Discount Applies if you’re currently earning 50% NCD and are still claim-free when you renew with us. |
Available |
||
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Windscreen replacement coverage Unlimited windscreen (glass) replacement cover if done at our approved repairers (otherwise, up to S$0 for Motor Lite, up to S$600 for Motor Standard and Unlimited for Motor Prestige only). |
Available |
||
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Number of Windscreen Claims Allowed Windscreen Access |
1 S$100 |
Unlimited S$100 |
Unlimited S$0 |
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Transport Allowance S$80 daily transport allowance (up to 10 days) while your car is being repaired after an accident. |
Not available |
Available |
|
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Emergency Breakdown Assistance Receive free roadside rescue services when your car breaks down |
Not available |
Available |
|
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Promotion |
Use promo code CAR23 to get 23% discount (new business only) when you BUY NOW! 1 April to 18 April 2024 Buy Now |
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Related: Does Having an Electric Vehicle Affect Your Car Insurance?
AIG Car Insurance Complete
|
Benefit |
Coverage |
|
Own Damage Cover for damage or losses to your vehicle that is caused by an accident. |
Available |
|
Fire Cover for damage or losses to your vehicle that is caused by fire. |
Available |
|
Authorised Driver Any driver with a valid driving license and driving with your permission. |
Within your household* only |
|
Bodily Injury Cover for third-party bodily injury |
Unlimited |
|
Property Damage Cover for third-party property damage up to S$5,000,000. |
Up to S$5,000,000 |
|
AIG Authorised Workshops |
Repairs to the vehicle must be done at AIG authorised workshops. |
|
Accidental Towing |
Towing service up to S$500 if your vehicle is involved in an accident with another vehicle. |
|
Excess Waiver of up to S$1,000 with an in-car camera footage |
Share your in-car camera accident video footage with us. Help us to fight fraudulent claims, and get rewarded with up to S$1,080 (including GST) in excess waivers.* |
|
Theft Cover for the loss of your vehicle that is caused by theft. |
Available |
|
Act of God Cover for damage to your vehicle that is caused by Acts of God E.g. Flood. |
Available |
|
Windscreen / Windows Windscreen / window cover with automatic reinstatement of the benefit (S$108 excess (including GST), applies). |
Available |
|
Strike Riots and Civil Commotions Cover for damage or loss of vehicle caused during strikes, riots or civil commotion |
Available |
|
Promotion |
Not Available |
Sompo Private Car Insurance
|
Coverage Features |
Comprehensive Plans |
|
|
Vehicle age 0 to 10 years old |
Vehicle age 0 to 15 years old |
|
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Preferred Workshop |
Authorised Workshop |
|
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Vehicle repair at your preferred motor workshop |
Available |
Not available |
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Vehicle repair at approved workshop assigned by Sompo |
Available |
|
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Loss or damage to your vehicle due to accident (up to market value at time of loss or damage) |
Available |
|
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Loss or damage to your vehicle due Fire or Theft (up to market value at time of loss or damage) |
Available |
|
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Damage to third party property (Up to S$5,000,000) |
Available |
|
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Death or Injury to third party (Unlimited) |
Available |
|
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Windscreen Cover (Unlimited replacement with applicable excess indicated in Policy Schedule) |
Available |
|
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Personal Accident Cover (up to S$50,000) |
Available |
|
|
Promotion |
Not available |
|
Great Eastern Drive and Save Plus
|
Coverage |
Comprehensive |
|
|
Any workshop |
Authorised Workshop |
|
|
Vehicle repairs at your preferred workshop |
Available |
Not available |
|
Vehicle repairs at Great Eastern General authorised workshops |
Available |
|
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Accidental loss of or damage by accidental causes (up to market value) |
Available |
|
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Loss or damage by fire or theft (up to market value) |
Available |
|
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Death or injury to third party (unlimited) |
Available |
|
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Damage to third party property (up to S$5,000,000) |
Available |
|
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Medical expenses (up to S$1,000) |
Available |
|
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Personal accident benefits (up to S$120,000) |
Available |
|
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Towing due to accidents (up to S$300) |
Available |
|
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Windscreen cover (unlimited reinstatements) |
Available |
|
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Windscreen excess: (S$100 or otherwise specified applies for each and every claim) |
Available |
|
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Excess waiver* (vehicle repairs is done at Great Eastern General authorised workshops) |
Available |
|
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Unnamed driver excess -Additional excess of S$2,500 will apply if the unnamed driver’s age is under 26 or above 69 and/or has less than 3 year’s driving experience -Additional excess of S$500 will apply if the unnamed driver’s age is between 26 to 69 with 3 or more year’s driving experience |
Available |
|
|
Promotion |
Not available |
|
Liberty Private Car Insurance
|
Coverage |
Comprehensive Plan |
|
Car accessories and spare parts |
|
|
Accidental loss or damage by fire |
Available |
|
Loss or damage by theft |
Available |
|
Accidental loss or damage by Other Insured Causes |
Available |
|
Accidental loss or damage to windscreen |
Available |
|
Legal Liability |
|
|
Death or bodily injury to third-party |
Available |
|
Loss or damage to third-party property |
Available |
|
Legal costs and expenses |
Available |
|
Other Benefits |
|
|
Towing to repairer or place of safety following accident or breakdown (up to S$300) |
Available |
|
Personal accident benefits for you (up to S$50,000) |
Available |
|
Medical expenses for you and your passengers (up to S$1,000 per person) |
Available |
|
Legal aid for defending third-party bodily injury claims (up to S$3,000) |
Available |
|
Waiver of basic excess |
Available |
|
Loss of Use (Rental car up to 5 days 1.6L) |
Available |
|
Promotion |
Not available |
Related: A Comprehensive Guide On What To Do When You Get Into A Car Accident in Singapore
What type of coverage should you pick for your car insurance?
You can go for the coverage type that suits you best. There are three main options:
|
Insurance type |
Coverage |
|
Third-Party Only |
Basics covered – injury to others and property damage |
|
Third-Party Fire and Theft |
Adds fire and theft protection for your car |
|
Comprehensive |
Gives you the whole works in car insurance coverage, including accident repairs, personal coverage, and more |
|
Optional Cover |
Can include coverage for electric cars, NCD, loss of use, and more |
Third-Party Only offers minimal, no frills protection. For your peace of mind, you can consider comprehensive coverage that takes care of you, your car, and your passengers too.
Enquire More and Contact Us Today!
Want to know more about AMTD PolicyPal Group insurance plans?
Can’t find what you are looking for? Feel free to reach out to us at Contact AMTD PolicyPal
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