Types of Car Insurance Policies in Singapore

Car insurance is compulsory in Singapore. This means that all drivers must have at least third-party car insurance. It’s a legal requirement, and you can face fines and imprisonment if you are caught driving without it.

 In this article, we will take a look at the three most common types of car insurance policies: Third Party Only, Third Party Fire and Theft, and Comprehensive.

1. Third-Party Only (TPO)

Third-party car insurance policies in Singapore offer limited coverage and are best suited for people who do not have their own car. The policy covers:

 • Damage to other people’s cars and property

• Driver injuries as well as those of the passengers of the other car

 TPO does not cover damage to your own car or injuries that you may suffer.

 Third-party car insurance is a cost-effective way to insure yourself when driving other people’s cars. It is also an excellent way to meet your legal obligations when driving in Singapore. You can visit https://www.directasia.com/car-insurance/ if you need TPO and other car insurance policies in Singapore.

 Recommended for:

• Experienced drivers who are familiar with Singapore roads

• People who rarely use their cars

• People who use their vehicles for short and safe commuting

• Drivers on a tight budget who are willing to pay for own damages

• Car owners who loss of their car won’t affect immensely how they live

• Owners of second-hand cars that are overused and don’t need the premium policies

 2. Third-Party Fire & Theft (TPFT)

Third-Party Fire & Theft (TPFT) insurance is a type of car insurance that covers you in the event that your car is stolen or damaged by a fire. TPFT insurance will usually cover you for the following:

 • The cost of repairing or replacing your car if it’s stolen or damaged by a fire

• The cost of recovering your car if it’s stolen

• The cost of replacing any personal belongings that are damaged or stolen in the event of a fire or theft

 Recommended for:

• People who drive their cars in areas prone to fire, theft, or arson attacks

• Car owners who don’t want to incur money from their pockets for minor accidents

• Old cars that are not covered by comprehensive insurance

• People willing to cover their car if it’s involved in an accident

• Car owners who temporarily hire out their vehicles

 3. Comprehensive (COMP)

Comprehensive car insurance protects drivers in the event of an accident. COMP car insurance can provide benefits such as:

 • Reimbursement for a rental car while your vehicle is being repaired

• Coverage for damages to your vehicle that are not the result of a collision

• Protection against uninsured or underinsured drivers.

 Recommended for:

• Owners of new and high-value cars

• Inexperienced drivers who are not well-versed with Singapore roads

• People who want to reduce their financial risks significantly

• Vehicles that are always on the road

• People who need the fullest and most- complete policy for your car

 When shopping for a car insurance policy in Singapore, it’s crucial to compare rates from different providers to find the best deal. Please ask about any discounts available, such as those for good driving records or for insuring multiple vehicles.


As a responsible driver, you must have car insurance in Singapore to protect yourself, your passengers, and other road users in case of an accident.

 This article provided an overview of Singapore’s three common car insurance policies. Knowing what is available can help you make a more informed decision about which car insurance policy is best for you.

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