A Quick Guide on Renewing Your COE – DirectAsia Insurance

You remember the day you stopped taking the bus and MRT. The day you got your first car. The comfort, the convenience, the personal space! What’s more, cars go where you actually want to go.  Not the bus stop 800 metres from your destination, the other side of the AYE. Meh.

A car becomes even more important if you work on an industrial estate, work late or night-shift, and definitely if you have kids.  Ever tried to get a baby and a toddler onto a crowded bus? Again, meh.

We know that a human being will pay unreasonable amounts of their well-earned salary for comfort and convenience – the price of cars in Singapore proves that. But then, like Cinderella’s carriage, all transport in Singapore has a looming fixed time limit before hard decisions have to be made. 10 years. Tick tock, tick tock!

Own A Car Between Eight to Ten Years Old?

Over 100,000 car owners in Singapore have a car between eight to 10 years old. In Singapore, your car must be de-registered after 10 years unless you pay to renew your COE. You can bet there are a few to-do lists out there containing the line ‘find out how to renew COE.’ DirectAsia offers simple steps to help you navigate the process.

How To Renew Your COE

If you want to continue using a car after 10 years, the car’s COE must be renewed. The cost will depend on the Prevailing Quota Premium (PQP). When the vehicle is de-registered, the COE rebate will be available at this time, giving rise to the name COE Car.

PARF, COE and PQP made simple

  1. PARF vs COE Cars. A Master Class from DirectAsia
  1. Prevailing Quota Premium (PQP) explained
  1. Easy PQP calculator here

Advantages and Disadvantages

“With the exclusion of the PARF rebate in the cost, COE car price will be relatively cheaper than a PARF car. COE cars are therefore ideal for car buyers with low budgets. Rapid advancement in technology has led to changes in car designs and massive improvements. From outlook to engine performance, an old car can never keep up with a new car. However, if a COE car is properly maintained, it will still be able to meet the basic needs of a driver.” sgcarmart.com

Make sure you get a car insurance quote, check out loan repayments and tax rates before you buy.

Selling and Buying Tips – How To Get Ahead

Car Selling Options. 101 Guide

New vs Used Car. Must Ask This Before You Buy

Negotiate Like James Bond. 4 Secrets Every New Car Buyer Should Know

New vs Used Car. Must Ask This Before You Buy

Things Not To Say To A Car Salesman. New Car Buyer Tips

Invest 5 minutes to see the DirectAsia difference

Buying money-saving, customisable car insurance with DirectAsia is easy:

  • Choose what you want, pay how you want and ta-dah! you’re insured in minutes.
  • Plus, get a personal claims specialist, 24/7 claims support guarantee and award-winning service, all at a great price.

Get a quote online or call 6665 5555 for one year happier car insurance now!

* Compared to leading car insurers. 16% of DirectAsia customers would save $300 or more compared to the estimated average premium across leading insurers. Cheapest based on average price of more than 12,000 cases, compared to leading car insurers.

Good Behavior now rewarded with NCD60
Highest NCD in town. Only at DirectAsia.

Contact us

Get a happier quote at www.directasia.com (24/7)

Call 6665 5555 (Monday – Friday: 9am – 7pm)


  • I certainly support Direct Asia . Not like other insurance sucker. They quoted to me SGD5000 per years. Direct Asia less than SGD700 +. Hope all want to buy car check with Direct Asia First. Especially via BMW agents.

    • Hi Victor, thank you for your words of encouragement and vote of confidence in DirectAsia. Feedback like this let us know that we are on the right track in providing competitive premiums to our customers. Cheers – Nina

  • But I was told most insurance companies do not offer comprehensive cover for COE cars. Those who offer might not do so after certain number of years.

    • Hi Poon YT

      DirectAsia offers comprehensive cover for cars up to 15 years old. Once you have renewed your COE, you can still purchase a comprehensive car policy with us. Feel free to call us at 6532 2888 Mon-Fridays 8am –8pm, Saturday 8am – 5pm so we can assist your quote in detail with you.


  • I sold my car in January. I am enjoying 50% NCB for my car insurance. Will I still enjoy 50% NCB if I buy my next new car after so many months. Advice appreciated. Thank you.

    • Hi Mr Lim

      Your 50% NCD will be valid for 12 months from the cancellation date of the policy. If you are keen to take up another insurance with us, do let us know when is the best time to reach you as well as your contact details (please send to [email protected]). Looking forward to hearing from you soon.


    • Hi Rina

      In order for you to renew you COE, you will need to contact LTA. We have provided a link for more information on renewal of COE. If you are keen to get a car or motorcycle insurance policy from us, do let us know so that we can get in touch with you.


Follow DirectAsia

Copy link
Powered by Social Snap