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Car Insurance Near Me – Renewing your COE instead of buying a new car is a great way to keep driving costs down.
At Budget Direct Insurance you can get an instant auto insurance quote for your older vehicle online or over the phone.
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And you can buy your auto insurance for a COE renewal car in minutes. It’s completely simple from start to finish.
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We are proud to be one of the few insurance companies that offer online car insurance for older vehicles.
COE renewal is a growing trend in Singapore and we believe it is important to strive to meet the changing needs of motorists. Therefore, unlike many other insurance companies, we will not make you wait to evaluate each individual case. Instead, you can get a quote in 30 seconds, buy your insurance, and be on the road in minutes.
Not only that, you will find that we are one of the most cost-effective insurance companies for older cars, according to an independent study of Singapore’s leading insurance companies. Learn more here.
As more and more Singaporean drivers choose to save money and renew their COE, we’ve tailored our car insurance for you. From getting an instant quote and buying in minutes to protecting your car for up to 30 years, we’ve got you covered.
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At Budget Direct Insurance we’ve made it plain and simple. We will insure vehicles up to 30 years old with the following coverage:
Higher car prices due to increased import taxes and surcharges, as well as an uncertain economic climate, have led to more COE endorsements in recent years as more owners seek alternatives to new car ownership.
For renewals made within the same month prior to expiration, the new COE period will begin the day after the expiration of the previous COE.
The new COE period for early renewals made before the expiration month begins on the first day of the month following the COE renewal. The previously unused portion of the COE will be forfeited.
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That is why most people prefer to renew COE very close to the expiry date or even on the same day to minimize the loss of this discount.
You can renew your COE for a period of 5 or 10 years, depending on your vehicle category.
Renewals can be made by paying the current quota premium (PQP), which is the average COE quota premium turnover for the respective vehicle class over the previous three months.
If you are renewing your COE for 10 years, you must pay the full PQP for your vehicle class.
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*Note: Vehicles renewed under the 5-year COE will not be eligible for a subsequent renewal/extension. Vehicles renewed for a 10-year COE will be eligible for a second or subsequent renewal.
If your vehicle is a COE renewal or an older vehicle, you may want to consider changing your auto insurance plan to third-party coverage only.
You can call us at 62212111, Monday to Friday from 9 a.m. at 2 p.m. until 8 p.m. and Saturday, 9 a.m. until 3 p.m. m. (Closed on Sundays and holidays) or ask to be called.
Thank you for contacting us. If you have an urgent enquiry, please call 6221 2111, Monday to Friday from 9 a.m. at 5 p.m. until 8 p.m. and Saturday, 9 a.m. until 3 p.m. (Closed on Sundays and holidays). Alternatively, you can email us at [email protected].
