Car Insurance Promotions and Discounts that Drivers Should Take Advantage Of

Published by on . Updated on 18 May 2020

Motorist Car Insurance Promotions Discounts Cover(Photo Credit: Pixabay)

Car insurance premiums can sometimes be very costly, especially with add-ons. But did you know that your policy provider could have discounts for you to take advantage of? Here’s a rundown of promotions you should look out for.

After all, nobody wants to burn holes in their pockets year after year paying their premiums. Why not get discounts when you can?

On a plus side, every single motor insurance provider in Singapore offers something called the No Claim Discount (NCD), which is basically a discount if no claim has been made under your policy. For every year that you don’t make a claim, your NCD increases by 10%, capping at 50%.

So what exactly do all these percentages mean? To put it simply, if you don’t make an insurance claim for five years, your NCD reaches the maximum of 50%. This give you a 50% discount on your premium.

But NCD aside, some companies do provide extra discounts. Here’s what they are.

Motorist Car Insurance Promotions Discounts Ntuc Drivo(Photo Credit: NTUC Income)

1. NTUC Income

An insurance partner of Motorist, NTUC Income is one of the top motor insurance providers in Singapore. They have a good reputation and provide extensive coverage, but how about their discounts? Are they just as good?

The answer is yes!

While the company does not have any motor insurance promotions currently, they do have some discounts available for drivers. Let’s have a look at them.

Name of Discount

Discount Amount



  • Up to 69%
  • Based on your annual mileage (up to 35% off)
  • Applicable to Off-Peak car owners as well
  • Applicable to owners with multiple cars as well

Drive MasterTM

  • Up to 64%
  • Determined by your driving behaviour (up to 25% off)
  • Drive MasterTM mobile app tracks your driving score
  • You’ll be eligible for this discount if your driving score is 70 and above

Loyalty Discount

  • 5%
  • Insure your vehicle for more than three years with NTUC Income

2. Etiqa

Another partner of Motorist, Etiqa is well-known for their most basic of coverages, but simple really is better at times. They also have a weekly promotion that changes according to the months.

Besides the NCD, Etiqa doesn’t have any other discounts at the moment. But fret not! They still have some promotions for you to take part in. Let’s take a look.

Name of Discount

Discount Amount


Thank Etiqa It’s Friday (TEIF)

  • 25%
  • Use code “OCTTEIF”
  • Valid for Fridays in October 2019
  • For new customers who want to purchase motor insurance with Etiqa

Offence Free Discount (OFD)

  • 5%
  • Additional discount if you’ve been demerit-free in the past 3 years

TEIF actually applies to much more than just motor insurance; they also have deals for travel insurance, cyber insurance, etc. Visit their promotions page to see all the deals they offer!

Motorist Car Insurance Promotions Discounts Limited Time

(Photo Credit: Pixabay)

3. FWD

A little word of advice – you should probably read through this paragraph faster. Why? Well…

There’s only ONE (1) day left to grab their promotion!

FWD Insurance has a promotion for car insurance policyholders, amongst other deals as well, but due to the timing of this article, you have just today (18th Oct) left to apply.

Name of Promotion



CapitaVoucher Campaign

  • 20% off new policy
  • S$150 CapitaVoucher
  • Period: 14th to 18th October 2019
  • New policy must be a Comprehensive plan
  • CapitaVouchers only apply if your premium exceeds S$800

We strongly advise you to read the terms and conditions of this promotion first. Don’t blindly rush in just because there’s a time limit.

Name of Discount

Discount Amount


Lifetime NCD

  • 50%
  • Automatically applied when you hit 50% NCD
  • Eligible as long as you continue renewing with FWD

But don’t be too disappointed if you missed the promotion. If you’re already insured with FWD, you may be eligible for their renowned Lifetime NCD, provided that you have hit an NCD of 50%.

This truly iconic gamechanger in the insurance industry allows drivers to keep their 50% NCD for – you guessed it – life! It’s a great deal for drivers who renew their policies with FWD, as they basically get half-priced premiums for their whole life.

Keep in mind that this is only for FWD policyholders, and doesn’t apply if you decide to switch insurers.

4. Budget Direct

Budget Direct is another insurance company with a good reputation, and are widely known amongst Singaporeans. Let's take a quick look at their car insurance promotions.

Name of Promotion



Pay less or get S$100

  • S$100
  • Period: 1st October – 31st December 2019
  • S$100 only given if your current insurer’s premium is cheaper

Bring A Buddy

  • S$20 in shopping vouchers (You)
  • 5% on any purchased policy (Buddy)
  • Refer a friend to Budget Direct and if they buy, both you and your friend get rewards
  • Applies to Car, Motorcycle or Annual Travel insurance policies

“Pay less or get S$100” – what could this possibly mean? It sounds tempting for anyone looking to save, or earn, some cash. It’s really just Budget Direct revelling in their confidence, which is a good thing!

For example, the time to renew your policy with Company X has arrived but then you come across this promotion and you’re curious about it.

You decide to get a quote with Budget Direct for the same coverage you already get at Company X, but it turns out that the latter’s price is cheaper. Budget Direct will then pay you S$100.

Sounds good right? Just be aware of the terms and conditions of this promotion, as there are a lot of factors that go into this.

Name of Discount

Discount Amount


Go Paperless

  • S$20
  • Documents will be sent via email instead of a hard copy
  • Premium will be S$20 cheaper (before GST)

Singapore Only Cover

  • 5%
  • Covers any accidents in Singapore only
  • Applies to any cars registered under Revised Off-Peak Car (ROPC), Off-Peak Car (OPC) and Weekend Car (WEC) schemes

Off-Peak Car Discount

  • 15%
  • Applies to any cars registered under Revised Off-Peak Car (ROPC), Off-Peak Car (OPC) and Weekend Car (WEC) schemes

Take note of some of the extra discounts you can get on your premium, besides the usual NCD.

Motorist Car Insurance Promotions Discounts Credit Card(Photo Credit: Pexels)

5. Aviva

Get ready for a rollercoaster because Aviva has five ongoing promotions for car insurance policyholders! It’s no wonder their tagline under the car insurance promotions says, “drive confidently knowing you’re insured with us”.

Name of Promotion




  • 18% off premiums
  • Valid until 31st October 2019
  • Use code “CAR18”


  • 23.5% off premium for new customers
  • Valid until 31st October 2019
  • Use code “TMCC2000”
  • For new customers only

Get S$100 Cashback

  • S$100 cashback
  • Sign up for Life/Savings plans to be eligible
  • Must be a Car insurance policyholder (new or renewal)

15% off for MINDEF / MHA policyholders

  • 15% off premium
  • Only Ministry of Defence (MINDEF) and Ministry of Home Affairs (MHA) personnel and family are eligible

15% off for POGIS policyholders

  • 15% off premium
  • Only eligible to Public Officers Group Insurance Scheme (POGIS) policyholders

That was a lot to take in! Now, the promotions may already have got you excited, but did you know Aviva has the lowest NCD penalty in the industry?

It’s true! While the regular insurer deducts about 30% of your NCD when you make a claim, Aviva only deducts 10%! Although not really categorized as a discount, you do end up saving a lot more when you make a claim, which means you pay a lower premium.

Isn’t that just awesome?

6. Sompo

A smaller insurance company, but just as reliable as the rest. They currently don’t have any promotions, but they have a couple of discounts (aside from NCD) that you can take advantage of.

Name of Discount

Discount Amount


Offence Free Discount (OFD)

  • 5%
  • Automatically granted if your NCD is 30% and above
  • Eligible when you renew your policy with Sompo

Loyalty Discount

  • 5%
  • Eligible when you renew your policy with Sompo

Motorist Car Insurance Promotions Discounts Krisflyer(Photo Credit: SilverKris)

7. AIG

You may have heard of AIG “going further”, but you’re probably wondering what it actually means. It’s a joint campaign between AIG and KrisFlyer, in honour of AIG’s 100th birthday! Here’s the rundown of the promotions offered:

Name of Promotion



Go Further

  • 100,000 KrisFlyer Miles
  • 1 winner a month from Feb-Nov 2019
  • Purchase or renew AIG policies (any) to be eligible

KrisFlyer Miles (Auto)

  • 500 KrisFlyer Miles
  • Period: 6 November 2018 – 30 November 2019
  • Renew Auto Insurance online to be eligible

Standing a chance to win 100,000 miles? That’s amazing! You could travel to many places, and all for free! You still have time to apply for this, since the last winner will be announced in November.

Although, to apply for these promotions, you’d have to be an existing KrisFlyer member. All you have to do is fill up this registration form and that’s it! You’re now a member.

8. DirectAsia

Another insurance company well-known for their specialty – NCD60. This company has four promotions for car insurance policyholders. Let’s take a look, shall we?

Name of Promotion



Shell Escape Promotion

  • Up to S$100 worth of Shell fuel
  • FREE 24 Hour Breakdown Assistance
  • Applies to new and existing customers
  • Period: 1st August 2017 – 31st July 2021
  • Applicable to Shell Escape Cardmembers

The Golden Years

  • S$80 Shopping or Petrol vouchers (Comprehensive plan)
  • S$40 Shopping or Petrol Vouchers (Third Party plan)
  • Period: 2nd January 2019 – 31st December 2019
  • Only for new car insurance policies
  • Only available for cars in their 10th, 11th or 12th year

Extra 10% Off Insurance for Second Car

  • 10% off second policy
  • Applies to cars and motorcycles
  • Car + Car = 10% off second car policy
  • Motorcycle + Motorcycle = 10% off second motorcycle policy
  • Car + Motorcycle = 10% off motorcycle policy

Refer A Friend Programme

  • $25 Shopping vouchers (You)
  • $25 Shopping vouchers (Friend)
  • Valid until 31st December 2019 or while stocks last
  • You must be an eligible existing DirectAsia policyholder
  • Friend cannot have held a DirectAsia insurance policy in the past 24 months

We know that looks like a lot of information, but it’s worth it in the end. Promotions aside, let’s look at the NCD60.

Name of Discount

Discount Amount



  • 60%
  • NCD has to be at 50% for five consecutive years
  • Applicable to new and existing policyholders

It’s a special feature awarded to drivers who were able to keep their NCD at 50% for the last five consecutive years, i.e. not making a claim for 10 whole years!

In honour of this achievement, DirectAsia gives NCD60 to these drivers plus an extra 10% discount on their base premium. This means that the policyholder will get 60% + 10% off their premium!

Drive safe everyone, and you could be eligible for this too!

Motorist Car Insurance Promotions Discounts China Taiping 81 Years(Photo Credit: China Taiping)

9. China Taiping

We’re nearing the end of the list, but here’s another car insurance contender! In honour of 81 years of heritage in Singapore, China Taiping has organized a lucky draw for new customers who want to purchase their insurance policies.

Now for motor insurance, a new sign-up would not be entitled to a premium discount, but still eligible for the lucky draw.

Name of Promotion



Our Gift To You Birthday Promotion

  • 1st Prize: S$888
  • 2nd Prize: S$388
  • 3rd Prize: S$288
  • Period: 1st September 2019 – 31st December 2019
  • Applies to new customers only
  • Lucky draw will commence on 15th January 2020

10. HL Assurance

Last but not least, HL Assurance. While they don’t have any discounts at the moment, there is a promotion that they offer that is pretty worth it. Let’s have a look.

Name of Promotion



Great Value Car Insurance Promotion

  • 25% premium
  • FREE Car Servicing
  • Valid until 31st October 2019
  • Car servicing options (choose 1) consists of
    Car Inspection / Car Servicing / 2-in-1 Air-Con Treatment

A 25% discount plus complimentary car servicing? That sounds like a really good deal to us!

We hope that after looking through these 10 companies and their promotions, you’d have a better idea of who to insure your car with.

If you don’t see your insurer here, it’s because they don’t have any current promotions or discounts aside from NCD. But don’t be upset! If you feel that we’ve missed out on a great promotion, let us know in the comments below!

If you're still unsure about which insurance company to go with, do fill up the form below to get a non-obligational quote from us. With Motorist, we can help you find an equally comprehensive plan that costs less - helping you save on your motoring costs.

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Read More: Ways to Lower Your Car Insurance Premium and Save Money

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