Motorcycle Insurance Singapore — Complete Guide & Cost (2025)
Everything Singapore riders need to know about motorcycle insurance — coverage types, costs, NCD, renewal tips, and the major insurers.
3 Types of Motorcycle Insurance
Third Party Only (TPO) — $200–$400/yr
Minimum required by law. Covers damage or injury to other parties only. Does NOT cover your own bike.
Best for: Older bikes, low market value.
Third Party, Fire & Theft (TPFT) — $250–$500/yr
TPO + covers your bike if stolen or damaged by fire. Does NOT cover collision damage to your own bike.
Best for: Mid-range bikes.
Comprehensive — $350–$900/yr
Full coverage — third party, fire, theft AND collision/accidental damage to your own bike. Required for bikes under finance.
Best for: New bikes, financed bikes, high-value bikes.
Major Insurers in Singapore
- NTUC Income (Local)
- $300–$800/yr — Popular for affordable comprehensive coverage
- AXA / AXAS (International)
- $200–$600/yr — Competitive TPO rates for older bikes
- Great Eastern (Local)
- $280–$750/yr — Good rider personal accident add-on
- Liberty Insurance (International)
- $250–$700/yr — Fast claims processing
- Tokio Marine (International)
- $260–$720/yr — Strong workshop network
Prices are indicative. Get quotes directly from insurers for accurate pricing based on your profile.
NCD Saving Tips
- Avoid making small claims — NCD is worth more long-term
- Transfer NCD when switching insurers (requires letter from old insurer)
- Buy NCD protector if available — protects your discount after 1 claim
- Add your expiry date to MyRide SG for a 30-day renewal reminder
Store your insurance expiry date in MyRide SG. Get notified 30 days before it expires — free.
Frequently Asked Questions
Is motorcycle insurance compulsory in Singapore?
Yes. All motorcycles must have at minimum Third Party Only (TPO) insurance to be ridden on Singapore roads. Riding without valid insurance is a criminal offence under the Road Traffic Act and can result in fines, disqualification, and imprisonment.
How much does motorcycle insurance cost in Singapore?
TPO: $200–$400/year. Comprehensive: $350–$900/year. Premiums depend on your age, riding experience (years holding class 2/2A/2B license), NCD (No Claims Discount), engine size, and bike value. Riders under 25 pay significantly more.
What is NCD for motorcycle insurance in Singapore?
NCD (No Claims Discount) is a discount on your premium for every claim-free year. In Singapore, NCD starts at 10% after Year 1 and can reach 50% after 5+ claim-free years. Protect your NCD — even small claims can reset it.
How do I renew motorcycle insurance in Singapore?
Your insurer will send a renewal notice 30–45 days before expiry. Compare quotes from multiple insurers using comparison sites. MyRide SG can remind you when your insurance is due to expire — add your expiry date to your bike profile.
Can I ride someone else's motorcycle with my own insurance?
Most policies do not cover you while riding other people's motorcycles unless you have an "Any Motorcycle" extension. Always check your policy. The bike owner's insurance covers their bike — not you as a rider on it.
What documents do I need for motorcycle insurance renewal in Singapore?
Your NRIC/FIN, current vehicle log card, previous insurance certificate, and payment. If renewing online, most insurers just need your plate number and IC. Renewal takes 10–15 minutes online.