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Costs of Owning a Motorcycle: License, Insurance and Prices
Cars are really expensive in Singapore, but motorcycles, relatively less. And there’s no denying motorcycles are a thrilling and affordable way to get around on Singapore’s congested roads.
Here’s your starter’s guide on how to own a motorcycle in Singapore.
Where to get a motorcycle license in Singapore
Class 2B is the basic motorcycle license you can get in Singapore, which entitles you to ride bikes of up to 200cc in capacity. You can only get your Class 2B licence from one of the following driving schools in Singapore:
Most people tend to pick the school that is located closest to their home, school or workplace. However, other factors may come into play, such as the school’s fees and passing rate.
To progress to the next stage and get to ride bikes of up to 400cc, you would need to enrol for the Class 2A class one year after you have obtained your Class 2B licence.
And finally, to be able to ride all bikes (including that coveted Harley), you will need to enrol in a Class 2 course. This would have to be a year after you’ve gotten your 2A licence.
All three driving centres here follow a similar syllabus, which entails:
Theory lessons: You’ll need to attend these before you can take your Basic Theory Test and Riding Theory Test.
Practical lessons: You have to go through all the obstacle courses in the circuit training (such as the plank, slalom, crank course, figure 8, and e-brake), before you can ride on the road.
Motorcycle insurance in Singapore
The dangers of riding a motorcycle are real. In addition to riding safely and taking precautions such as wearing protective gear, being covered by motorcycle insurance is of utmost importance. As with driving a car, you would need to purchase insurance before you hit the roads in Singapore. There are three types of motorcycle insurance you can consider based on your needs
Third-Party Only (TPO)
This is the most basic and cheapest type of motorcycle insurance you can get on the market. This type of plan is offered by most insurers and meets the minimum legal requirements for riding a motorcycle under Singapore law.
TPO only covers your liabilities for damage or injury/death caused to others and their property — that is, if you hit and injure a pedestrian or knock down a gantry while riding your motorcycle. Any damage to your own motorcycle is your responsibility.
Third Party Fire & Theft (TPFT)
TPFT is largely the same as the TPO, but includes some extra coverage, such as payouts in the very specific instances of fire or theft of your motorcycle.
Comprehensive motorcycle insurance
This is the highest level of motorcycle insurance you can get. It covers your liabilities, plus any damage to your motorcycle.
Depending on the plan you choose, there could also be additional features such as personal accident coverage for the rider.
Besides vehicle accidents, your motorcycle may also receive protection against vandal damage, and “acts of God” such as flooding and falling trees.
Certificate of Entitlement (COEs) for motorcycles
Motorcycle COEs have hovered above the $7,000 mark for most of 2020. This is up significantly from the price of around $3,000 for most of 2019.
In spite of the significant increase in COE prices, owning a motorcycle is still very much cheaper than owning a car. The COE for Category A (for cars up to 1600cc and 97kW) is $36,534 at the time of writing (Oct 2020).
Price of motorcycles in Singapore
You can purchase either a brand new motorcycle from a dealer or get a second hand one from a dealership or direct seller on platforms such as Carousell. Here are some of the popular dealerships you can check out
- Heng Motor Enterprise
- Boon Siew
- Ah Fook Motor
- A.S. Phoon
- Southern Motor
- Pan Euro Bikes
- Hong Leong Corporation
- Sin Boon Motor Co.
- United Cycles
- Guan Hoe Cheong Trading Co
Need some recommendations for your very first 2B (200cc) motorcycle? Here are some of the recommended 2B models for newbies, as well as the prices you can expect the dealerships to quote you:
|Yamaha YBR 125||Small cruiser designed with impressive performance and attractive appearance.||$13,600|
|Honda CBR150R||Sport bike.||$15,500|
|Yamaha FZ 16||All rounder bike, good looks, fuel efficient, basic maintenance.||$13,580|
|Honda MSX 125||Designed to accommodate teens and mid-dimension riders.||$15,000|
|Bajaj Pulsar 200||Fuel efficient commuter bike.||$15,400|
|Yamaha NMax 155||Lightweight scooter.||$13,900|
|Yamaha Tricity 125||Three wheeler.||$14,451|
|KTM 200 Duke||Light and agile, one of the most wanted 200cc bikes on the market.||$20,500|
|Honda CPF150||Delivers ample power and generous torque.||$14,400|
These prices are inclusive of the COE price.
All ready to own a motorcycle now? Ride safe!