Whether you ride a motorcycle, moped or motorized bike, there’s no denying that nothing beats the feeling of cool wind brushing on your face as you let your bike take you where you want to go. However, if you own a motorbike and plan to ride it on public roads, it’s a must to have some form of financial responsibility – this means you can pay if you cause an accident, injuries or property damage.
Motorcycle insurance is much like car insurance – it covers damage to your vehicle, other property and injuries. Read on to know the top 5 companies in Singapore that offer comprehensive coverage motorbike insurance plans.
Note: This list is strictly not in order.
1. India International Insurance
India International Insurance has more than 70 years of experience in the insurance industry. With its aim to continue catering for the needs of its clients, this company provides expert solutions through its high-trained and experienced team of professionals. Anyone who has a valid driving license and owns a vehicle is eligible to get a motor insurance plan and experience the benefits that it offers such as a first-party coverage motor insurance plan – a third-party coverage motor insurance plan and a third-party fire and theft coverage motor insurance plan.
With its mission to be the leading general insurance company in Singapore, India International Insurance takes one step further by providing product lines such as personal, motor, travel, home, property, maid, liability, engineering, accident, and marine insurance. This agency follows a simple and straightforward claims process to deliver its promise to pay the claim in the shortest possible time.
Customer Reviews
Rajul Bhuyan
Professional per excellence. Very supportive team.
Berenice
Highly professional and responsive
Website: https://www.iii.com.sg/motor-insurance/
Contact Number: +65 6347 6100
Address: 64 Cecil Street, #04-05, IOB Building, Singapore 049711
Opening Hours: Mon-Fri 8AM-6PM | Closed on Sat&Sun
2. China Taiping Insurance (S) Pte Ltd
As the leading insurer for both life and general insurance businesses in Singapore, China Taiping Insurance provides one-stop financial solutions for your personal and business needs. Established in 1938, this company has been providing excellent services and care to their customers with financial peace of mind for over 80 years. If you’re looking for the best insurance company for your motorbike, look no further than China Taiping!
China Taiping Insurance offers AutoExcel and AutoSafe motor insurance plans to ensure that your motoring needs are met smoothly and safely. Drive with confidence and worry-free knowing that you and your vehicle are in safe hands. Some of the key benefits of their motorbike insurance include free NCD Protection benefit with 10% NCD and above, waiver of excess on accident claims, loyalty discount, complimentary windscreen benefit, and optional add-on coverage. Feel free to choose between their commercial motor insurance and motor excess protector, depending on your needs.
Customer Reviews
Jason Lim
Staff Irene Tay was very responsible and professional. Thank you customer service and China Taiping team!
Dan Dale
I have had my car insurance with China Taiping now for 2 years, and they have been exceptional. Insurance companies in my experience make any interaction difficult, however, with China Taiping, this is not the case.
Website: https://www.sg.cntaiping.com/en/personals/landing-protection/protection/motor-insurance.html
Contact Number: +65 6389 6111
Address: 3 Anson Rd, #16-00 Springleaf Tower, Singapore 079909
Opening Hours: Mon-Fri 8.45AM-5.30PM | Closed on Weekends
3. NTUC Income
NTUC Income is one of Singapore’s leading composite insurers, which is not surprising given its products and services that serve the protection, savings and investment needs of its clients. By utilising an innovative, data-driven and omnichannel approach, this insurance company is at the forefront when it comes to offering solutions to its customers. Clients have the opportunity to enjoy their motorcycle insurance services that including receiving reimbursement of expenses incurred for vehicle repairs.
As the only insurance co-operative in the country, NTUC Income aims to create a positive social impact through its products, services and well-being. To ensure their clients get to make the most of protecting their motorbike, this insurance company offers services such as orange force to provide roadside assistance from their accident response team and a motor service centre for a one-stop solution for accident reporting and reliable vehicle repairs.
Customer Reviews
Lye Hock Yeoh
Service is excellent and professional, promptly attended to. Keep it up.
Matthew Leong
Renew insurance and road tax here at the same time. Very convenient. Service is fast and professional. Queues are usually short.
Website: https://www.income.com.sg/motorcycle-insurance
Contact Number: +65 6788 1777
Address: 53 Ang Mo Kio Ave 3, #03-18/19, AMK Hub, Singapore 569933
Opening Hours: Mon-Fri 9AM-5.30PM | Sat 9AM-3PM | Closed on Sun&PH
4. Allianz
Allianz was originally founded in 1890 as a transport and accident insurance company but has now developed into a global financial services provider for insurance and asset management businesses. This company maintains its commitment to serving the Asian market by expanding its presence in the country by offering core business property and casualty insurance, health solutions, and life protection.
Allianz offers to give main insurance benefits so that their clients can be at ease knowing that their motorbikes are under extreme protection. These benefits include a complimentary courtesy car for each day your vehicle is still being repaired; a replacement if your motorbike is less than 2 years old and damaged beyond repair; a complimentary 24/7 roadside assistance for both accident and breakdown; a lifetime warranty on repairs for worry-free repairs; and a flexible excess so you can choose the excess to pay in the event of a claim.
Customer Reviews
SK Kurup
Great performance.
Bryan
Good company. Reputable.
Website: https://www.allianz.sg/individual-solutions/allianz-motor-protect.html
Contact Number: +65 6714 3369
Address: 79 Robinson Road, #09-01, Asia Square Tower 1, Singapore 068897
Opening Hours: Mon-Fri 9AM-6PM | Closed on Sat&Sun
5. MSIG Insurance
MSIG Insurance offers private motor insurance to ensure that your vehicle is protected against accidental damage and theft with its wide range of services. With their aim to provide and exceed their clients’ expectations, this insurance company offers sincere commitment and dealings with them as the leading general insurer in Singapore with over 100 years of experience in the country.
MSIG Insurance offers private motor insurance to ensure that your motorbike is protected against theft and accidental damage. Clients can get loan protection which offers up to $100,000 worth of loan benefits to cover any loan such as new for old replacement which replaces your motor vehicle with a brand new one when the damage is beyond repair and a transport allowance which gives clients allowance when your motorbike is still being fixed at the workshop.
Customer Reviews
Jason Willcock
Good service and easy to buy insurance.
Gustavo Souza
Local Insurance company with a very dynamic work environment, but seem that the teamwork is strong with work-life balance for the junior staff.
Website: https://www.msig.com.sg/insurance/personal-insurance#motor
Contact Number: +65 6827 7602
Address: 4 Shenton Way, #21-01, SGX Centre 2, Singapore 068807
Opening Hours: Mon-Fri 8.45AM-5.30PM | Closed on Sat&Sun
6. Etiqa
With the aim to give clients peace of mind and enjoy their trip, Etiqa provides motor insurance solutions: Private car insurance which allows clients to enjoy 25% off a list of 25 authorised workshops that are conveniently located across the island where you can choose from their comprehensive third-party fire and theft of third-party only coverage types; 5% additional discount for demerit-free clients; free coverage for a child seat. Founded in 1961, Etiqa has been protecting Singapore citizens with its wide array of general insurance solutions that constantly evolves to meet their developing needs.
Etiqa also offers ePROTECT motorcycle which allows clients to enjoy 5% off quality motorcycle insurance and grants clients to choose from comprehensive third-party fire and theft coverage types such as up to $500,000 coverage for loss or damage; protection against vehicle theft of up to 50% which is easy and fuss-free claims that can be completed online.
Customer Reviews
Lee Pran
It’s been a pleasure getting my motorcycle insured and dealing with knowledgeable Agent Dwayne Oh. Highly recommended.
Calvin Koh
User-friendly to purchase a policy online. The product I bought has great benefits and is reliable too. Responsive and friendly customer service. Thumbs up!
Website: https://www.etiqa.com.sg/personal/general-insurance/car-insurance/
Contact Number: +65 6887 8777
Address: One Raffles Quay, #22-01, North Tower, Singapore 048583
Opening Hours: Mon-Fri 9AM-6PM | Closed on Sat&Sun
Conclusion
It’s important to get insurance as it provides a wide variety of benefits to you and your vehicle. If you’re looking for a reliable insurance company to entrust your motorbike with, be sure to check out the list above as it contains the 6 best companies in Singapore that offer comprehensive coverage of motorbike insurance, so you can enjoy the road without any worries.