Motorcycle Insurance Singapore
Motorcycle insurance is not something you want to leave up to chance. There are many motorcycle accidents every year, and motorcycle insurance will protect you financially if the worst should happen. If motorcycle insurance Singapore is new for you or this is your first time shopping around, here are some of the top motorcycle insurance providers in Singapore that may be worth considering.
1) NTUC Income
| Key Service | Can have up to 4 pax of additional rider |
| Address | 53 Ang Mo Kio Ave 3, 03-18/19 AMK Hub, Singapore 569933 |
| Website | https://www.income.com.sg/motorcycle-insurance?gclid=EAIaIQobChMIz8KmkazW9AIVkTArCh2WyAqGEAAYASAAEgL1QvD_BwE |
| Contact | |
| Phone | csquery@income.com.sg |
| Operating Hours | Mon – Fri 8.30am – 6.30pm |
You’re always on the road, but you also want to find out what the most affordable motorcycle insurance in Singapore is that can cover and protect you. The most cost-effective insurance for motorcyclists under the age of 30 is provided by NTUC Income, which is half the usual rates for 25-year-olds.
It also includes Orange Force, which is a 24/7 emergency response unit that ensures the security and assistance of riders. NTUC Income has certain perks for drivers who are under the age of 22 as well. These are discussed during consultation to ensure exclusivity.
Key Differentiators:
- 3rd Party Damage Coverage
- 3rd Party Injury/Death Liability
- Motorcycle Damage/Loss
Customer Review:
There is security at the entrance to the income centre. Need to bring your identity card plus post-appointment date and time in order to enter. For the Insurance matter best to see is Ms. Lacey, a professional Customer service officer that can give good advice.
Jyeo Teow Hee
2) Farmers Insurance
| Key Service | Collision Coverage |
| Address | Location |
| Website | https://www.farmers.com/ |
| Location | |
| Phone | Location |
| Operating Hours | Location |
Customers at Farmers Insurance may benefit from some excellent rates. It covers motorbike insurance, as well as home and life premiums. The bundle also gives riders a discount! Farmers Insurance provides medical payment and reimbursement, motorcycle equipment replacement, and home repair in the event of a loss.
Key Differentiators:
- 3rd Party Damage Coverage
- 3rd Party Injury/Death Liability
- Collision Coverage
- Safety Apparel
Customer Review:
I bought my car insurance through Cheap Car Insurance 6 years ago from a friend’s recommendation. They can always source the best deal for me and help me to save money and time. They have been providing good service to me these years. I would highly recommend car owners to try their service.
Steve Siu
3) Etiqa
| Key Service | Legal Cost |
| Address | One Raffles Quay, #22-01 North Tower, Singapore 048583 |
| Website | https://www.tiq.com.sg/product/motorcycle-insurance/?gclid=EAIaIQobChMI3f-hxbXW9AIV_p1LBR3GMgalEAAYASAAEgJhCPD_BwE |
| Phone | +65 6887 8777 |
| Operating Hours | Mon – Fri 9am – 6pm |
Etiqa takes extreme care of its riders. They enable the motorcyclist to choose from a variety of premium features. Etiqa helps them decide which perks best suit their budget by guiding them through the options.
With their own packages created, the riders feel completely safe since Etiqa provides them with tailored insurance with the highest premiums. They also provide security plans digitally, which has convinced many people to consider them one of Singapore’s finest motorcycle insurance providers.
Key Differentiators:
- Legal Cost
- Provides customised insurance with the finest premiums
- 3rd Party Damage Coverage
- 3rd Party Injury/Death Liability
Customer Review:
My second time buying a policy online with Etiqa Insurance. The system is great and very easy to use. Touchpoints are excellent too.
Ms Lim
4) Markel
| Key Service | Covers funeral Expense |
| Address | 138 Market St, 04-02 CapitaGreen, Singapore 048946 |
| Website | 138 Market St, 04-02 CapitaGreen, Singapore 048946 |
| https://www.markel.com/ | |
| Phone | +65 6388 3000 |
| Operating Hours | Mon – Fri 9am – 6pm |
For four decades, Markel has been acknowledged as Singapore’s best motorcycle insurance. Motorcyclists can select premiums that include all types of bikes. According to the package chosen, Markel provides up to 35% NCD. Anti-lock brakes and anti-theft alarms are included in discounts.
Key Differentiators:
- Funeral Expense
- Roadside Assistance
- 3rd Party Damage Coverage
- 3rd Party Injury/Death Liability
5) Direct Asia Insurance
| Key Service | Emergency Assistance + excess |
| Address | 20 Anson Road, #08-01, Singapore 079912 |
| Website | https://www.directasia.com/ |
| customerservice@directasia.com | |
| Phone | +65 6665 5555 |
| Operating Hours | Mon – Fri 9am – 7pm |
Direct Asia Insurance provides a wonderful premium to safe riders. Direct Asia Insurance raises the maximum NCD benefit from the usual 20% to 30%.
This is a fantastic bargain with plenty of incentives to encourage safe driving. They also include towing coverage in the case of accidents, so we consider them one of the best motorcycle insurance companies in Singapore.
Key Differentiators:
- Emergency Assistance + excess
- Towing Service
- 3rd Party Damage Coverage
- 3rd Party Injury/Death Liability
Customer Review:
Apart from very competitive rates, their service is excellent _ even during COVID lockdown. Subsequent to selling my first vehicle they transferred the NCD quickly and efficiently and sent my rebate. I highly recommend this firm for vehicle insurance.
Martin Hoffman
6) FWD Insurance
| Key Service | Free 24-hour roadside assistance |
| Address | FWD Singapore Pte Ltd, 6 Temasek Boulevard, #18-01, Suntec Tower Four, Singapore 038986 |
| Website | https://www.fwd.com.sg/motorcycle-insurance/ |
| contact.sg@fwd.com | |
| Phone | +65 6820 8888 |
| Operating Hours | Mon – Fri 9am – 10pm Sat 9am – 1pm |
FWD Insurance provides the greatest quotations for premium price and return on investment. They have one of the lowest motorbike insurance premiums in Singapore, so call them to get a quote.
Although the carriers’ costs have risen, their premiums are still far lower than those for comparable coverage in the past. These coverages include liability protection and market value replacement for property damage or loss. A free 24-hour roadside assistance program is also available, even if you don’t spend extra money on coverage. When it comes to emergency and immediate needs, this is unquestionably one of the finest motorcycle insurance available in Singapore.
Key Differentiators:
- Free 24-hour roadside assistance
- 3rd Party Damage Coverage
- 3rd Party Injury/Death Liability
- One-Time Transport Cover
Customer Review:
Had some issues with the auto-renewal of policy via credit card The customer service and help are given by Grace is awesome! Without a dedicated servicing agent, I was worried about purchasing policies in FWD. However, the prompt response and assistance give me peace of mind. Thank you!
Terence Teo
7) Sompo
| Key Service | Coverage for third-party Property Damage |
| Address | 38 Toh Guan Road East, #01-57, Enterprise Hub, Singapore 608581 |
| Website | https://www.insuremybike.sg/?gclid=EAIaIQobChMIo_39w7DW9AIV2A0rCh3VBAHZEAAYAiAAEgJN0fD_BwE |
| sompo@ens.com.sg | |
| Phone | +65 6515 5988 |
| Operating Hours | Mon – Fri 9am – 5.30pm |
Sompo Motorcycle Insurance protects you and your bike against third-party claims for death or bodily harm, property damage, and the loss or damage of your motorcycle due to fire, theft, or accident.
Sompo Insurance offers you third-party property damage insurance, ensuring that you are adequately protected in the event of an accident.
Key Differentiators:
- Can have up to 4 pax of additional rider
- Coverage for third-party Property Damage
- Offers repair option
Customer Review:
I have a Sompo personal accident for my family. I made a claim via the apps, submit the docs via apps too, and 2 weeks later I got a cheque. Very quick and efficient. Thank you Sompo!
G Wijaya
Motorcycle Insurance Singapore
Motorcycle insurance Singapore is important to take into consideration when buying a motorcycle. From motorcycle liability, motorcycle roadside assistance, and motorcycle accident protection; this article has covered all the bases of what you need to know about motorcycle insurance in Singapore. For more information on motorcycle accidents or any other type of bike injury, call our expert team today!
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