Best Car Insurance Company in Malaysia (2022)
In Malaysia, protecting yourself and other drivers you may inadvertently injure with car insurance is important. You can make a compensation claim and any physical damage done by your accident if the third-party cover has been purchased beforehand!
Therefore, it is a must in Malaysia. There are tons of car insurers in Malaysia that you can choose from. However, it will be pretty confusing, and you will spend more time comparing.
No worries, as we will help you with the complicated process! We have listed below all the car insurance companies in Malaysia with highlights for you!
AIA
Highlights
- Family Discount
- Inconvenience Allowance Provided
- Excess Waiver
The AIA team has been working tirelessly to provide the best possible life for their customers and families.
The AIA private auto insurance plan will take care of you and your car with their best coverage, which renews annually. It protects against damages caused by other drivers or any injuries they sustain during an accident on public property and for loss due to theft!
You’ll never have to worry about who’s missing when two drivers are named within this policy, even if one doesn’t own vehicles themselves (they can be added).
Allianz
Highlights
- Customer-Focused
- High-Performance Culture
- Fast Approval for Own Damage Claims
Allianz is a company that has been around for decades and still manages to provide customers with financial strength, risk management expertise, and affordability. With their growth over time, they could maintain both profitabilities while meeting all of your needs!
Even though the company is committed to customer satisfaction, it still strives for more. They want their customers’ needs met and grow with them through all stages of development, from new beginnings up until retirement!
Allianz also offers a nationwide automotive roadside assistance service – Allianz Road Rangers, that helps you when your vehicle breaks down on any highway. They will provide you with assistance and help you get your car back on the road ASAP.
AXA
Highlights
- PA Cover up to RM175K/Car
- Up to 20% Discount with Voluntary Excess
- Risk-based Pricing
AXA is dedicated to protecting your assets with expertise in three different business lines. With their variety of products and services, you can be sure that AXA will have what’s needed for any adventure!
The company’s mission is to ensure people have the protection they need. They offer the SmartDrive Enhanced Private Car plan that provides many benefits. Not only do they offer a 12-month warranty for repairs at their panel workshops, their claims approval is fast too! Who doesn’t want excellent and prompt service?
Berjaya Sompo
Highlights
- Free Coverage for All Drivers
- Fast Car Insurance Claim Approval
- Pay Less for Your Car Insurance
Berjaya Sompo is a company that puts the needs of its customers first. They strive to provide quality services at affordable prices for all members to ensure long-term success!
They are constantly looking for ways to improve their service to meet customers’ needs. Furthermore, they provide good services such as getting your car insurance claim reimbursement within 1 hour!
Customers who want to spread their payments over time can take advantage of these great deals! These credit cards issued by Maybank, CIMB Bank & Public Bank have an 0% interest plan that allows you both 6 months or 12 monthly instalments with a minimum payment amount of RM600.
Etiqa
Highlights
- Multi-Award Winning Products and Services
- Efficient and Professional Claims
- Provide Instant Rebate for NCD
Etiqa is a company that offers insurance to Malaysian citizens. In addition, they have other services such as life assurance and wealth management, which can protect your family from financial risks on the roads in Malaysia if you need it!
Etiqa has a variety of car insurance policies and services for both drivers as well as their loved ones. Not only does it offer great coverage, but the customer service team goes above and beyond to provide care on behalf of this business!
When you need car insurance help, Etiqa’s team is there for your inquiry. They know that everyone’s situation varies and will do whatever it takes to make sure they get their claims settled quickly!
Kurnia
Highlights
- 3-Year Workmanship Warranty
- Long Distance Free Towing
- Policy Personalisation
Kurnia‘s long history of success is evident in its current status as one of Malaysia’s most famous motor insurers. They currently insure over four million people nationwide who have general auto cover through these services!
One of their highlights is that you can customise your policy with road tax and other add-ons like windscreen cover in one easy transaction. The company’s vast network of branches and agents is ready to serve you. They have 300 and more panel workshops nationwide where they can help with all your vehicle problems!
MSIG
Highlights
- 24-Hour Assistance from MSIG Motor Assist
- 10% Direct Rebate
- 6-Month Warranty on Repairs by MSIG Panel Workshops
MSIG, with over 20 branches across various locations, is guaranteed to be close whenever you need them. They provide car insurance and other types of insurance like medical or house insurance for a stable life! Their top priority is customer satisfaction to ensure that they provide the best service and products.
MSIG panel workshops offer you peace of mind with a 6-month warranty on repairs. The 24-hour assistance from MSIG Motor Assist is there when you need it most!
RHB
Highlights
- Extended Coverage
- Hassle-Free Claims
- Supplementary Policy
When we talk about RHB, the first thing I bet that comes to your mind is RHB bank. However, not only does RHB provide bank services, but also insurance services!
To provide the best possible service, RHB has taken many initiatives. They’re not just committed, but they excel at what they do! And with all those accomplishments under their belt? You can bet on them delivering an unparalleled customer experience time after time again.
RHB has really gone the extra mile to make their customers feel valued. They provide different engagement models so that people can be reached at all times and in many ways, which is excellent!
Takaful Ikhlas
Highlights
- Waiver of Compulsory Excess for Unnamed Driver
- Complimentary Personal Accident Cover for Participants
- Transportation Fee Reimbursement
Takaful Ikhlas provide something similar to Takaful Malaysia. They provide comprehensive car insurance that covers damage to your vehicle due to accident, theft and fire, and also waive the compulsory excess for unnamed drivers!
We know you can’t always be there when your car breaks down, which is why their 24-hour motor service also includes accident and breakdown towing! They also offer battery delivery if needed.
Takaful Malaysia
Highlights
- Unlimited Towing Service
- Free Coverage for All Drivers
- Pay-As-You-Drive Daily Cover
Takaful Malaysia is committed to helping people during car accidents. They provided a few policies that cover damage and loss during car accidents. You will get rewarded with their cash back for no claims during your coverage period.
One that can be mentioned is that they provide an unlimited number of towing services, up to 50km! Furthermore, all authorised drivers are automatically covered, and no nomination is required.
One interesting thing is that it will automatically protect your car daily against accidental damage when you activate Pay As You Drive daily cover! As a bonus, they will offer personal accident cover for you and your passengers with the policy.
Tune Protect
Highlights
- Pay-As-You-Drive (PAYD)
- Agreed Sum or Market Value
- 24/7 Emergency Auto-Assist
Tune Protect is here to protect you from the financial losses that come with an accident, auto theft or third party property damage. With Tune Protect’s 24/7 emergency service, you can be at peace of mind during your on-road adventures across Malaysia!
Drive less and save more with Tune Protect’s Pay-As-You-Drive benefit! Receive up to a 20% rebate on your basic premium when you complete 12 months of coverage. Also, you are guaranteed to receive your payment that was agreed to the policy if their policy insures your vehicle.
Zurich
Highlights
- Use of Zurich Courtesy Car
- Pay Less if in the Low-Risk Segments
- E-Hailing Takaful Coverage for Existing Customer
The Zurich motor plan is designed to protect your family, whether you have a new or used car. They understand that protecting the ones we love should be important, and they offer it! Affordable basic coverage with some SUPER VALUE add ons for you and your loved ones because we deserve top-notch protection!
Another interesting thing? You will get a 10% discount on your car insurance if you drive safely! This is another way of promoting safe driving! I mean, who does not want to get that extra discount by only driving SAFER!
Last but not least, under their policy, you will get a courtesy car for 3 days of use, OR you can choose to get a 5 to 10 days additional premium from them! Even when you are repairing your car at their panel workshops, it saves much trouble.
AIG
AIG provides financial protection for their clients through property-casualty insurance, life insurance, and retirement solutions. Furthermore, they cover any liabilities incurred with other parties and 1-year warranty repair service.
Alternative: Is 1-year repair warranty still not enough for you? Good news! Kurnia got your back for 3 YEARS! Aside from that, they also boast broader panel workshop coverage.
Interested in Kurnia car insurance? Just click here.
Great Eastern
With more than 40 years of experience in the insurance industry, Great Eastern has built a reputation in the insurance world. With their 24-hour roadside assistance, you will have no problem when your car breaks down.
Alternative: If good recognition and high-quality service are what you are looking for, you should REALLY consider Etiqa as they provide more comprehensive coverage and better services!
Read about Etiqa car insurance.
Lonpac
Lonpac has been one of the Malaysian insurance industry’s most trusted names for years. They will protect your car from any natural disasters or public commotions and when legal liability is imposed upon you! Other than that, they also provide 6 months repair warranty at their panel workshops.
Alternative: 6-month repair warranty is not enough for you? Don’t worry! With Berjaya Sompo, you WILL get a 1-year repair warranty and a fast car insurance claim approval to help you get back on your feet again.
Learn more about Berjaya Sompo car insurance here.
Pacific & Orient
The Pacific & Orient Comprehensive Motor Insurance policy offers you comprehensive protection against loss or damage to your vehicle, liability for bodily injury and death of others, and damages on third parties property. Also, they provide 24/7 tow assistance.
Alternative: RHB promises OVER 500 panel workshops and more comprehensive coverage with better add-ons to ensure your car is well-protected.
Gratify your curiosity about RHB car insurance NOW!
Tokio Marine
Tokio Marine has various insurance products and services. Not only that, but they also offer 24/7 towing and emergency roadside assistance and will cover you up to RM200 (accident) and RM250 (breakdown).
Alternative: Why settle for less when you can get Pay-As-You-Drive (read: better deals) with Tune Protect?
Learn more about better deal on Tune Protect!
Verdict
If you still cannot decide which car insurance you should buy, we will help you solve your problem! Just click here to get a free quote that will meet all your needs!
Related article: Choosing the Best Car Insurance 101
