All vehicles operating in Singapore are to have compulsory auto insurance that meets the requirements for all vehicles in Singapore under the Motor Vehicles (Third-Party Risks and Compensation) Act — otherwise known as commercial motor insurance. Because of this legal requirement, both Uber and Grab have this basic level of insurance coverage.
Verdict: Thanks to the law, this ensures you’re covered similarly to how you’d be covered if you got into an accident in a normal taxi, or any other vehicle on the road.