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Commercial Vehicle Insurance Singapore

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Compare Commercial Vehicle Insurance quotes from renowned insurers. Comprehensive cover. Lowest prices nationwide.

Provide offers you the quickest & easiest way to purchase Commercial Vehicle Insurance. You can compare multiple quotes, and pick the plan you like best. You can protect all kinds of commercial vehicles: vans, trucks, lorries, buses, refrigerated vehicles, cement mixers, flatbeds, ambulances, and more.

Compare multiple Commercial Vehicle quotes, and buy today. 

What does Commercial Vehicle Insurance cover?

There are 3 main kinds of Commercial Vehicle Insurance policies. Coverage depends on the type of policy you purchase. 

Comprehensive Policy: 

  • Covers repair/replacement of your vehicle if it gets damaged, e.g. road accidents.
  • Covers injuries you sustain due to road accidents
  • Covers third-party liability, e.g. you injure someone else in a road accident. Pays for the other party’s injuries, and car damage.
  • Covers flood damage and riot damage
  • Some policies will provide towing services as a nice benefit.
  • Choose whether you want coverage for “Authorised Workshops Only”, or “Any Workshop”

Third-Party + Fire/Theft Policy: 

  • Coverage if you injure someone else in an accident. Pays for the other party’s injuries, and car damage. Covers only fire/theft for your own vehicle.
  • Does not cover injuries you suffer in car accidents. Does not cover damage to your own vehicle from road accidents.

Third-Party-Only Policy:

  • Coverage if you injure someone else in an accident. Pays for the other party’s injuries, and car damage.
  • Does not cover your own injuries/vehicle damage. 

Most business owners will purchase the Comprehensive policy. This provides you the highest level of coverage.

What kinds of commercial vehicles can be covered?

We provide coverage from leading insurers for all types of vehicles:

  • Vans
  • Lorries
  • Trucks
  • Flatbeds
  • Buses
  • …and many more

As long as your vehicle is a commercial one, we’ll be able to match you to a great insurer to cover it at attractive premiums.

Is Commercial Vehicle Insurance legally compulsory?

Yes. The legal minimum is to have a Third-Party Only policy. This covers liability to third-parties (e.g. other cars , pedestrians, etc.) while driving on the road. For instance, if you knock someone down while driving your commercial vehicle, you would be liable for causing personal injury. Penalties for driving a commercial vehicle without a valid insurance policy include jail and/or a fine. 

Although Third-Party Only policies are the legal minimum, they are rarely purchased. This is because Third-Party Only policies do not cover any damage to your own vehicle. If you get into an accident, you’ll have to pay for all the repairs yourself. The most popular option, therefore, is the Comprehensive policy. This protects you against both third-party liability, and also against damage to your own commercial vehicle. 

Can I cover commercial vehicle fleets?

Yes. We offer both single-vehicle policies, and fleet policies. The minimum number of vehicles to qualify for fleet coverage is 2 vehicles. Yes – that’s right, just 2 vehicles. No need for huge fleets. Fleet policies are designed to offer attractive discounts if you own multiple vehicles. With Fleet plans, you can often save 20% or more on your premiums.

Does coverage include driving to countries outside of Singapore?

Yes, absolutely. Most Commercial Vehicle Insurance policies will cover West Malaysia, and Southern Thailand. Insurers recognise that commercial vehicle owners may need to travel to other countries to transport goods, or people. This overseas coverage is therefore very useful to ensure that your vehicle is well-protected on foreign roads.

There is no additional premium needed to cover West Malaysia and Southern Thailand. It comes standard as part of most Commercial Vehicle Insurance policies.

How much is Commercial Vehicle Insurance in Singapore?

Annual premiums start from as low as $300/year. Speak with us today to get your quote.

Commercial vehicle insurance prices depend on several factors:

  • Type of vehicle (van, lorry, chiller truck, etc.)
  • Model and brand of vehicle
  • Age of vehicle
  • No. of insurance claims filed, and any No Claims Discount (NCD)

What are the benefits of using Provide for Commercial Vehicle Insurance?

  • Compare multiple quotes to get the best deal

  • Expert insurance team with 20+ years combined experience serving both SMEs and large multinational firms

  • Available by phone 7 days a week 

Compare Commercial Vehicle Insurance quotes from renowned insurers. From as low as $300/year. Speak with our experts today!

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