Comparison of Motor Premium Rates

We compared the premium rates charged by the key insurers for 10 models of vehicles.

The average premium rate for the 10 models are shown below:

 
Age of car:    1-5 Years       6 Years
NTUC Income   $584    100%     $534    100%
Company AI    $648    110%     $635    119%
Company AS    $702    120%     $675    126% 
Company AX    $790    135%     $774    145%

The premium rates charged by NTUC Income are lower than the other insurers. One insurer charge 45% more than our rates.