The different types of car insurance in Singapore and what they cover

The different types of car insurance in Singapore and what they cover

You may already know that it is compulsory to have your car insured in Singapore, but do you know the different types of car insurance plans? It is a crucial step when it comes to knowing and choosing the different policy that is right for you!

In Singapore, there are 3 different types of insurance plans – Third Party only, Third Party Fire & Theft and Comprehensive. We will explain the coverage of the 3 main types of car insurance plans in Singapore.


Third-Party Only (TPO)

TPO is the cheapest form of car insurance in Singapore. However, TPO provides coverage only for other people when you cause damage that is proven to be your fault. When you caused an accident, the insurer will pay for the damages caused to the cars and property of others. However, you have to pay your own damages.

TPO is suitable if you barely use your car, the vehicle is an overused second-hand car that you’re planning to get rid of soon, or if you are willing to take on the risks.


Third-Party Fire and Theft (TPFT)

TPFT is the same as TPO insurance but however, TPFT includes extra coverage such as any loss or damage caused by fire and theft. They cover more than TPO, therefore it’ll be more expensive.

TPFT is suitable if you want to avoid paying out of your pocket or if you are driving into countries with high rates of arson, fire and theft.



Just as the name says, it covers almost everything which includes the benefits of TPO, TPFT and also accidental damage caused by natural disasters or self-imposed. Besides that, some comprehensive plan covers death or injury to other parties and medical costs coming from the accident.

A comprehensive plan will be the best option if your car is brand new, has high-value and/or is a luxury car that will cost a lot to repair. And is suitable for drivers who want to minimize financial risks. However, a comprehensive plan is necessary if you are taking a bank loan for your car.

Check out the break down of what the different insurance plan covers! The different types of car insurance in Singapore and what they cover

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