2023 Tesla Car Insurance Singapore Cost, Contact Address & Privacy Policy
Electric Car Insurance Singapore: All 5 electric car insurance plans
In this article, we will delve into the world of Tesla car insurance in Singapore. We’ll explore the cost of insuring a Tesla vehicle, discuss the contact details to reach out for inquiries, and shed light on Tesla’s privacy policy. Whether you’re a proud Tesla owner or considering purchasing one, understanding the insurance aspect is essential for a smooth driving experience.
The premium depends on your car’s make & model
As if your personal details don’t affect the price of your car insurance enough, the model and make affects that as well. In general, if your car is of a more premium make, your insurance premium will also cost more.
Compare the estimated insurance premium between these three electric cars:
| Car model | Price of base model | Insurance premium for 1 year (NTUC Income, 20,000km/year) |
| Nissan Leaf | $148,800 | $2,528.20 |
| Kia Niro EV | $158,999 | $2,860.40 |
| Tesla Model 3 | $229,000 | $6,730.00 |
List of electric car insurance in Singapore
If you’re not planning to opt in to the default car insurance provided by your authorised dealer and are looking for direct purchase car insurance plans, there are only 5 EV car insurance options at the moment:
| Electric cars EV Insurance | Electric cars insured | Sample premium (no NCD) |
| NTUC Income Electric Car Insurance | Audi, BMW, BYD, Honda, Hyundai, KIA, MG, Mini, Nissan, Renault, Tesla | $3,335.45 per year for BMW i3 |
| Liberty Insurance InsureMyTesla | Tesla | Approx. $4,000 per year |
| G&M Tesla Insurance | Tesla | $900 to $4,000 per year |
| Allianz Electric Motor Protect | All private EVs | Get quotes from Allianz Financial Advisors (no direct purchase) |
| AXA Car Insurance (ceasing 2022) | All private EVs | – |
2. The premium depends on your car’s make & model
As if your personal details don’t affect the price of your car insurance enough, the model and make affects that as well. In general, if your car is of a more premium make, your insurance premium will also cost more.
Compare the estimated insurance premium between these three electric cars:
| Car model | Price of base model | Insurance premiums (NTUC Income, 1,200km/month, no NCD) |
| Nissan Leaf (110kW) | $179,800 | $2,395 per year |
| Kia Niro EV (150kW) | $181,999 | $2,717 per year |
| Audio e-tron (230kW) | $367,960 | $4,875 per year |
| Tesla Model 3 (239kW) | $206,835 | $6,256 per year |
So if you’re looking to buy a Tesla Model 3, be prepared to cough up a lot more to get your car insured.
Cost of Tesla car insurance in Singapore 2023
Tesla has revolutionized the automotive industry with its cutting-edge electric vehicles. As more Tesla cars hit the roads in Singapore, it’s crucial to explore the car insurance options available to protect these valuable assets. This article aims to provide you with comprehensive insights into Tesla’s car insurance coverage, cost, and how to get in touch with their support team.
Tesla car insurance offers a range of features and benefits that cater specifically to Tesla owners. By opting for Tesla’s insurance, you can enjoy benefits such as 24/7 roadside assistance, repairs at Tesla-approved body shops, and comprehensive coverage options tailored to your needs. Whether you prefer basic liability coverage or want to safeguard against theft, accidents, or natural disasters, Tesla has you covered.
Is Electric Vehicle Insurance expensive?
The EV market makes up under 1% (as of 2022) of all vehicles locally. While the principles for covering EV vehicles are similar to vehicles with combustion engines, there are some differences.
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Battery (Engine) replacement:
Batteries of most Electric Vehicles (EVs) are not modular. If you damage a part of the battery, it is the equivalent of changing the entire engine of an internal combustion car.
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Repair capabilities:
Being new technology, the diagnostic tools required for EVs are not commonly available to workshops yet, thus options for repair are limited and majority of the repairs are done only by authorised dealers. This comes at a cost which is significantly higher.
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Limited data:
As EV technology is new, there is insufficient data for insurers to price more aggressively. Many insurance providers are taking a wait-and-see approach.
Fortunately, there is a light on the horizon as more and more insurers are starting to provide offerings for EV, and we are gradually seeing more competitive premiums.
Cost Of EV Insurance In Other States
The cost of insuring a Tesla vehicle in Singapore depends on several factors. First and foremost, the specifications of your Tesla, including the model, year, and trim level, play a significant role. Additionally, your driver’s profile, such as your age, driving experience, and claims history, will impact the insurance premium. Moreover, the location and environment where you drive your Tesla can affect the cost, considering factors like crime rates and accident-prone areas.
The cost of electric vehicle insurance in Florida is the highest in the U.S., at $313 per month. However, the cost of insurance for an EV varies significantly from state to state, with prices as high as $644 in Florida. The lowest-cost state for EV insurance is North Carolina, at $11 a month. And the highest premium? It’s $318 per month in Mississippi. Tesla Car Insurance Singapore is between S$160,000 and S$200,000.
Best Electric Car Insurance Providers in Singapore 2023
| Top Policy Benefits | Typical Premium Prices | Types of Electric Cars Insured | Promotions and Special Offers | |
|---|---|---|---|---|
| AXA Car Insurance |
|
Visit website for quote | All EV cars | N/A |
| NTUC Income Drivo Electric |
|
From $0.06 / km for UBI | Audi, BMW, BYD, Honda, Hyundai, Kia, MG, Mini, Nissan, Renault, Tesla | N/A |
| Liberty Insurance |
|
Visit website for quote | Tesla only | Get 24 months new-for-old replacement vehicle benefit |
| Allianz Electric Motor Protect |
|
Visit website for quote | All EV cars | Promotional rates available |
| G&M Electric Vehicle and Tesla Insurance |
|
Visit website for quote | Various EV cars, including Tesla | Free NCD Protector for new customers |
Cost of EV Insurance in Singapore
When it comes to car insurance, it’s always wise to compare rates from different providers. Shopping around allows you to find the best coverage at the most competitive price. Fortunately, several online comparison tools specialize in helping Tesla owners find the right insurance policy. By entering your vehicle and personal details, these tools generate quotes from multiple insurers, making it easier for you to make an informed decision.
The cost of EV car insurance is very high, and it is important to know the limits of the policy. Insurers may offer per-kilometer or annual policies, so you need to know what type of insurance you want. It may be cheaper to insure an electric car per kilometer than an ordinary car, especially if you don’t drive a lot. However, you may need to pay more for Tesla Car Insurance Singapore if you don’t have driving experience.
Tesla Car Insurance Singapore
To get in touch with Tesla car insurance in Singapore, you can contact their customer support team. Whether you have questions about the policy, need assistance with claims, or require any other information, the Tesla car insurance representatives are there to help. You can reach out to them via phone, email
Tesla places great importance on protecting the privacy of its customers. Their privacy policy outlines how they collect, use, and safeguard customer information. When you choose Tesla car insurance, you can rest assured that your data is handled with care. The privacy policy also covers the sharing of information with third parties and the measures taken to ensure data security.
FAQ 1: How can I reduce my Tesla car insurance premiums? There are several ways to potentially reduce your Tesla car insurance premiums. Maintaining a clean driving record, opting for a higher deductible, and bundling multiple policies with the same insurer are some strategies to consider. Additionally, installing safety features and anti-theft devices in your Tesla may also result in premium discounts.
FAQ 2: Are there any discounts available for Tesla owners? Some insurers offer discounts specifically for Tesla owners. These discounts may be based on factors such as the vehicle’s advanced safety features, eco-friendly nature, or overall performance. It’s advisable to inquire with different insurers about any Tesla-specific discounts they offer.
FAQ 3: What should I do in case of an accident? In the event of an accident, ensure everyone’s safety first. Contact the appropriate authorities and exchange information with the other party involved. Document the incident by taking photos and gathering witness statements, if possible. Notify your Tesla car insurance provider and follow their instructions for filing a claim promptly.
FAQ 4: Can I transfer my existing car insurance to Tesla? In most cases, you can transfer your existing car insurance to your new Tesla. Contact your current insurer and inform them about your new vehicle. They will guide you through the necessary steps to update your policy accordingly. Keep in mind that your premium may change based on the specifications of your Tesla.
FAQ 5: How do I file a claim with Tesla car insurance? To file a claim with Tesla car insurance, you should contact their claims department using the provided contact information. They will guide you through the process, which typically involves submitting relevant documents such as accident reports, repair estimates, and photographs. Be sure to provide accurate and detailed information to expedite the claim settlement process.
