It’s official! According to an independent study, we offer the cheapest Comprehensive car insurance prices in Singapore.
Consumer researcher firm ValueChampion compared car insurance prices and found that motorists with us can pay up to 55% less than the average premium offered by other insurers, regardless of your No Claim Discount (NCD).
For instance, a 45-year-old married man with more than five years’ driving experience and a 50% NCD, with a 2020 Toyota Corolla Altis 1.6, and voluntary excess of around S$800 will pay an average premium of just S$398 with us.
The independent study found that the average premium price offered by other insurers for a similar driver and car is more than double that amount, at S$733.
Compare car insurance quotes today and see how much you can save with Budget Direct Insurance!
Consumer researchers compared car insurance quotes from Singapore’s leading insurance companies. They compared base plans* without any add-ons using a specified vehicle model, driver profile and 50% NCD.
*Coverage features may differ
At Budget Direct Insurance, we’re able to keep our premiums low by steering clear of unsafe drivers. Fewer claims mean cheaper premiums for motorists like you.
We’re different from most other insurers who automatically include covers you may not need and charge you for everything as a bundled plan. We offer customisable options as add-ons so you pay only for what you need.
Here are more ways to reduce your car insurance quote even further.
Go Paperless
Your premium will be S$20 (before prevailing GST) cheaper if you opt to go paperless. All your documents will be sent via email and you can also retrieve them from the Policy Manager.
Opt for Singapore Only cover
Want cover just for Singapore? You’ll get a discount on your insurance premium. We’re one of the few insurers who offer this smart way to cut down your costs.
Off-Peak Car Discount
Reduce your premium if you drive an off-peak car.
Excess
Excess is the amount that you have to pay towards your claim. At Budget Direct Insurance, our standard policy excess for cars is S$600 (before prevailing GST). You can choose to reduce or increase this amount depending on your claim experience and budget.
For car insurance, you can reduce your excess right down to zero. This will increase your premium but it means you pay less excess if you have to make a claim. You can also increase your excess up to S$1,500 – which means you pay a lower premium.
Authorised Workshop
With car dealers’ warranty restrictions lifted since Dec 2017, you are in control when it comes to repairs. Save on your premium and have your car repaired at one of our conveniently-located Authorised Workshops. All repairs are guaranteed for 12 months. This is the best value option for all car repairs.
Select the right level of cover
We offer three types of insurance, the cost of which reflects the level of protection they provide. Choose what's right for you.
Maintain a good driving record
For each claim-free year, you’ll receive a No Claim Discount (NCD) on your premium; the NCD is capped at 50%.
Among other things, the price of your car insurance — your premium — depends on your level of cover; the stronger your cover, the more it costs. We offer three levels of cover:
Comprehensive Insurance
Covers loss of or damage to your vehicle due to an accident (regardless of who’s at fault), theft, severe weather, fire, and vandalism. It also covers your liability for accidental damage that your vehicle causes to other people’s property (e.g. their car and home).
Read more
Third Party Only Insurance
Covers your liability for accidental damage that your vehicle causes to other people’s property (e.g. their car and home). It does not cover damage to your vehicle.
Read more
Third Party, Fire and Theft Insurance
Provides the same protection as Third Party Only plus cover for loss of or damage to your vehicle if it’s stolen or catches fire – but not if it’s damaged in a crash.
Read more
Compare the benefits, features, claim limits and optional extras of our different levels of car insurance
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What We Cover |
Comprehensive – Standard Highest level of cover for greatest peace of mind. Covers your liability for damage or injury/death caused to others and their property. Covers loss of or damage to your car by fire, natural disasters, vandals, theft or accident. |
An “in-between” plan. In addition to the Third Party Only cover, covers loss of or damage to your car by fire or theft. |
Basic plan for budget-conscious motorists. Covers your liability for damage or injury/death caused to others and their property. Does not cover any loss of or damage to your car. |
|---|---|---|---|
| Injury or death to someone else | Unlimited cover | Unlimited cover | Unlimited cover |
| Damage to other people’s property | up to S$5,000,000 | S$5,000,000 | S$5,000,000 |
| Legal costs against criminal charges | up to S$3,000 | up to S$3,000 | up to S$3,000 |
| Towing after an accident | S$500 for overseas tow and
S$200 for local tow |
S$500 for overseas tow and S$200 for local tow (only for fire to or theft of your car) | Not included |
| Damage by fire | Included | Included | Not included |
| Damage or loss to your car due to theft | Included | Included | Not included |
| Damage to your car if someone else crashes into you | Included | Not included | Not included |
| Damage to your car when it’s your fault | Included | Not included | Not included |
| Damage by fallen trees, flood, storms or any other natural disaster | Included | Not included | Not included |
| Damage by vandals | Included | Not included | Not included |
| Damage to windscreen or windows | Included | Not included | Not included |
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| Optional Cover(s) you can add on |
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|---|---|---|---|
| Personal Accident | Available | Available | Available |
| Medical Expenses | Available | Available | Available |
| No Claim Discount (NCD) Protector | Available | Available | Available |
| Overseas Emergency Allowance | Available | Available | Not available |
| 24 Hours Roadside Assistance | Available | Available | Not available |
| Transport Allowance | Available | Available
(for fire or theft claim only) |
Not available |
| Modifications and Accessories | Available | Available
(for fire or theft claim only) |
Not available |
| Any Workshop | Available | Available
(for fire or theft claim only) |
Not available |
| Singapore Only | Available | Not available | Not available |
| Windscreen Add-on | Included under policy | Available | Available |
