Electric Vehicle (EV) Insurance Singapore

Why Choose Budget Direct Insurance for Your EV

Tailor-Made Cover
Save on your insurance premium by choosing who will drive your electric vehicle. Customise your cover to pay for what you need.

12-months Repair Guarantee at Specialist EV Workshops
Your EV battery is one of the most important parts of your car. That's why we cover battery damage caused by an accident. Repairs completed at our authorised EV workshops are guaranteed for 12 months or until your EV is damaged again, whichever is earlier.

24/7 Claims
Accidents don't stick to business hours. That's why we've made sure you can lodge a claim over the phone or online at any time of the day or night, 365 days a year.

Cross-Border Confidence
Heading across the border? Your cover extends to West Malaysia and Southern Thailand (within 80km of the border) so you can drive with confidence.

Types of coverage

• Comprehensive (Most Popular): Our highest level of protection. Protects your EV against accidental damage, fire, theft, plus liability to others. Includes protection for flood, natural disasters, and non-crash occurrences.

• Third Party Only: The minimum level of cover required by law in Singapore. Covers your liability for injury or damage caused to other people and their property.

• Third Party Fire and Theft: Covers liability to others, plus loss or damage to your electric vehicle if it is stolen or catches fire.

What's covered?

Budget Direct Comprehensive car insurance protects you against loss or damage to your electric car, as well as liability for accidental damage your car causes to other people's vehicles and property.

Customers can be covered for:

• Accidental injury or death to someone else

• Damage to your EV battery resulting from an accident

• Damage to someone else's car, property, or EV charging stations

• Loss or accidental damage to your electric vehicle (storm, flood, fire, collision, theft or vandalism)

• Towing to an Authorised EV Workshop after an accident

• Damage to windscreens or windows

• Accidents while driver assistance systems are activated (provided the system is approved by local authorities)

What's not covered?

Like all insurance policies, there are situations we don't cover. There are EV-specific and general exclusions such as:

• Running out of battery charge If you run out of power, towing to an EV charging station will be at your own expense

• EV battery damage due to wear and tear

• Cyber-related incidents

• Use of your EV for commercial purposes, delivery of goods/food, or ride-hailing platforms

• Unapproved vehicle modifications

• Unlawful use or racing

Compare EV Car Insurance Savings in Singapore

Customers who switched to Budget Direct told us they paid less than with their previous insurer. On average, customers reported saving $203* when they switched to our comprehensive car policy. Get a quote today and compare for yourself.

Tailor Your Cover with these Optional Add-ons

• 24 Hours Roadside Assistance: If your EV breaks down, you'll get 24/7 emergency roadside assistance, including towing to a specialist workshop following an accident.
• No Claim Discount (NCD) Protector: Do you have an NCD of 30% or more? Protect it so your discount stays intact even if you make one claim.
• Any Workshop: Choose the Any Workshop option to have your damaged EV repaired at a specialist workshop of your choice, rather than our authorised network.
• Transport Allowance: Receive a daily transport allowance (up to the specified maximum in your policy) to keep you moving while your electric car is being repaired.
• Personal Accident & Medical Expenses: Financial protection and death or injury benefits for the insured driver and passengers if they are injured in an accident.
• Overseas Emergency Allowance: Covers the cost of bringing your EV back to Singapore (repatriation) if your EV is immobilised for more than 6 hours after an accident in West Malaysia or Southern Thailand, plus emergency evacuation if you are seriously injured. Cover limits apply.

Electric Vehicle (EV) Insurance FAQs