What are different types of car insurance available in Singapore?

There are three main categories of motor insurance. Each category provides different coverage, affecting your right to claim should an accident occur:

(Most car owners in Singapore opt for the Comprehensive Cover, as it gives the best protection)

#1: Third Party Only Coverage, which covers:

– Death or injury to other parties
– Damage to other parties’ property

#2: Third Party, Fire and Theft Coverage, which covers:

– Death or injury to other parties
– Damage to other parties’ property
– Fire damage to, or theft of, your vehicle

#3: Comprehensive Coverage, which covers:

– Death or injury to other parties
– Damage to other parties’ property
– Fire damage to, or theft of, your vehicle
– Accidental damage to your vehicle
– Personal accident cover (for private cars only)
– Medical expenses (for private cars only)

Optional Benefits for Comprehensive Policies
(which may be subject to payment of additional premium)

– Windscreen damage
– Damage arising from riot, strike and civil commotion
– Damage arising from flood and windstorm
– Liability of passengers for acts of negligence
– Personal accident benefits for passengers
– Additional excess
– No-Claim Discount protection (for private cars only)

These Optional Benefits may seem like icing on the cake, but you may find them important nevertheless. Many reputable insurers include these benefits into their coverage while others don’t.

If you feel that these optional benefits are important to you, you can add them as Riders inside your car insurance policy. Nevertheless the total car insurance premium may increase as a result.

Note: You can only sign up for a Third Party Only motor insurance if your car is fully paid up. And if you want to get a TPFT (third party fire & theft) policy, you have to seek the approval of the Hire Purchase company first.