Motor Insurance for cars in Singapore

Motor Insurance / Car Insurance / Vehicle Insurance


Motor Insurance is a MUST and required by law for all cars in Singapore.

To be able to drive on Singapore road, a vehicle has to have a minimum 3rd Party Only insurance aka TPO.


Below is the list of some of the insurance in Singapore :

• AXA Insurance Singapore
• American Home Asssurance Company (AHAC aka AIG)
• NTUC Income Insurance
• Liberty Insurance
• India International Insurance
• MSIG Insurance
• Mitsui Sumitomo Insurance
• Tokyo Marine Insurance (aka TM Asia aka Asia Insurance)
• Royal & Sun Alliance Insurance
• EQ Insurance
• Overseas Assurance Corporation (aka OAC)
• Tenet Insurance
• China Insurance

There is basically 3 types of Motor Insurance in Singapore :

1. Comprehensive
2. 3rd Party, Fire & Theft
3. 3rd Party Only

What are their coverage?

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FREE Motor Insurance Quote

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Comprehensive (aka COMP)

• This is the most common product line for Motor Insurance in Singapore
• Covers Own Damage repair on insured own vehicle
• Covers 3rd Party Damage repair on 3rd party's vehicle
• Excess / Deductibles usually applies
• In the event of Total Loss (Due to serious Accident or Theft) the insurance company will pay out the Market Value of the vehicle AT the time of Loss

3rd Party, Fire & Theft (aka TPFT)

• This is getting more common with the recent constant increase in Motor Insurance Premium in Singapore
• Covers 3rd Party Damage repair on 3rd party's vehicle ONLY
• Excess / Deductibles usually DO NOT applies
• In the event of Total Loss (Due to serious Accident or Theft), the insurance company will pay out the Market Value of the vehicle AT the time of Loss

3rd Party Only (aka TPO)

• This is also getting more common in the mist of increasing vehicle insurance in Singapore
• Covers 3rd Party Damage repair on 3rd party's vehicle ONLY

If you want a good motor insurance quote, you may submit your details at :

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Call me at 9858 7298.

Guyver Insurance Agency Pte Ltd.