Best Car Insurance in Malaysia
Vehicle insurance is an essential investment that every car owner should consider to protect themselves from financial risks in case of accidents or unforeseen circumstances. With the Malaysian insurance industry expected to grow at a compound annual growth rate of 8.4% from RM73.1 billion in 2021 to RM109.6 billion in 2026, it’s evident that people in Malaysia are aware of the importance of having insurance.
According to GlobalData, the life insurance and pension segment will lead this growth. In 2021, the industry grew by 7.6%, bouncing back from a decline of 2.8% in 2020 caused by the Covid-19 pandemic. Therefore, it’s crucial to select the best car insurance in Malaysia to get the most comprehensive protection at an affordable price. In this article, we have compiled a list of the best car insurance policies in Malaysia to help you make an informed decision.
1. Berjaya Sompo
SOMPO CAR NOW
Sompo Car Now is part of Sompo Group, which provides insurance solutions for millions of customers worldwide. The Sompo Group boasts a global business network encompassing 218 cities in 30 countries and regions, including Europe, the Middle East, North America, Central and South America, Asia, Oceania, and Africa.
What are the criteria to apply?
- Please make sure you meet the following criteria:
- Your age is above 26 years old and your vehicle is for private use only.
- Not more than 1 claim in the last 3 years.
- Your car insurance is not more than 2 months away from the expiry date.
- Toyota Hilux, Mitsubishi Triton, Nissan Navara, All Ferrari Models, All Lamborghini Models, Audi A6, Audi A5, Volkswagen Scirocco & Volkswagen CC models are not accepted.
How about the coverage?
Here’s a little more about our comprehensive and third-party motorcycle insurance in Malaysia.
SOMPO MOTORCYCLE INSURANCE
Move along with Berjaya Sompo motorcycle insurance.
Comprehensive coverage for loss or damage to your own motorcycle due to fire/theft or accident and more.
What are the coverages?
Here’s a little more about our comprehensive and third-party motorcycle insurance in Malaysia.
Get an instant online quotation in 1 minute.
Auto-update to JPJ system once the insurance policy has been renewed.
Revised pricing with affordable premium rates. Simple purchase journey with 100% safe and secure system.
2. Generali
Private Car Insurance & Available Add Ons
From accidents and windscreen damage, to flood and other popular add-ons, we protect against just about anything. To get a quote. please take note of the following criteria:
- Your vehicle is for private use
- Not more than one (1) claim filed in the past two (2) years
- Selected car models may not be covered
- Your current car insurance policy is expiring in less than two (2) months
Check out the figure below to see the summary of benefits under Comprehensive, Third Party Fire & Theft, and Third Party cover:
3. Tune Protect
Motor Easy (Car Insurance)
Tune Protect offers comprehensive and affordable online protection plans to meet the needs of any individual. Whether you are looking to protect your travels, personal accidents or even against snatch theft, safeguarding yourself against untoward occurrences is just a few simple clicks away.
Get the best value for money and a comprehensive insurance plan for your car. Receive on-the-spot savings when you renew online. Get added protection on the road with our customized add-on options at SUPER AFFORDABLE rates.
Check out the key benefits of Tune Protect Motor Easy Car Insurance.
4. Allianz
Allianz Comprehensive Motor Insurance
Motor insurance is a modern necessity. Enjoy coverage for third party liability, damage to your own and other people’s vehicles, plus fire and theft protection.
What coverage will I enjoy with Allianz’s Comprehensive Motor Insurance?
- This car insurance plan from Allianz is the complete package, from protection against third party injury or death to propery damage to damage to your own vehicle due to motor accident – why fork out a fortune sending your car for repairs when you can claim from your motor insurance policy?
- With 0% repair cost to all vehicles that aged 5 years and below for comprehensive insurance coverage.
Check out all the Allianz Comprehensive Motor insurance benefits and coverage below:
5. Etiqa Insurance
Etiqa Comprehensive Private Car Insurance
One of the most renowned brands that provide the best car insurance in Malaysia. Their plan protects both yourself and fellow road users with Etiqa car insurance. Get coverage for injury, death, fire, and damages with this great auto contingency plan.
This Etiqa Comprehensive Private Car insurance plan is a comprehensive protection plan to cover both you as a driver, your passenger, and fellow road users. The coverage allows for the protection of both your car and a third-party vehicle, not only in the case of accidents but with benefits for fire damage as well.
You can have your car insured against motor accidents, even though it’s caused a mechanical breakdown or gradual wear and tear! Plus, have protection against fire, explosions, theft, and break-ins, including compensation for third-party individuals for any injury, death, or damage to their property.
Check out all the Etiqa Comprehensive Private car insurance benefits and coverage below:
Final Words
Now you know the top 5 best car insurance that you can consider applying in Malaysia. Nevertheless, there is still more insurance provider that provides good insurance scheme coverage for the policyholder.
- Kurnia Comprehensive Motor Insurance
- Zurich Comprehensive Motor Insurance
- AIA Comprehensive Private Car Insurance
Check out our previous article:
