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If you find a better price (same insurer, same coverage) from other insurance marketplace, we’ll beat it and pay you 5x the price difference! That’s how serious we are.
Pay only for the kilometres you plan to drive, and not anything more. Top up your plan at anytime as your driving needs change.
Split your payment into 3 interest-free instalments. Split is Shariah-compliant so you can use the service with full confidence.
When you renew your road tax with us, you will have the option to have it delivered to your doorstep.
We are partners with 30+ insurers in Malaysia! We help you to compare and save – so that you get the best possible deal for your insurance needs. Never pay more.
Comparing car insurance quotes with us only takes 1 minute and it’s free! It saves you from all the hassle of moving from one website to another website. Finding you good deals with just one search away. Be secured and protected by Malaysia’s best insurer from PolicyStreet!
PolicyStreet is a financial advisor approved by Bank Negara Malaysia (Central Bank of Malaysia).
Not only can you enjoy additional savings on PolicyStreet, but you will also not need to pay anything extra as our services are FREE.
If you come across a lower price from our competitors, let us know and we will match the advertised price.
With more than 100,000 Malaysian users who have sought help from us, you can rest assured that you are in safe hands.
According to the Road Transport Act of 1987, all vehicle owners are required to have car insurance in Malaysia and road tax in order to legally drive on the road. If you are caught driving without a road tax, you are breaking the law and may be fined up to RM 3,000 under Section 14(4) of the Road Transport Act (RTA) 1987.
It is necessary in Malaysia to protect yourself and other drivers who you may inadvertently injure. You will be able to make a claim for compensation for his or her injuries as well as any physical damage done to their vehicle if you have third-party cover.
To be protected and covered for damage to your own vehicle, you must purchase a comprehensive cover plan that fully covers damage to your own vehicle as well.
There are a few things to consider before buying the exact car insurance in Malaysia:
Always keep in mind how much money you have set aside for buying car insurance in Malaysia. It is critical to select a policy or plan that you can realistically afford in the long run. As a result, keep your budget in check and shop around for the best deal based on your specific situation.To make it easier for you, find a plan that is suitable for your situation and fits your budget, as this will ensure that you can commit to it every month/year without breaking the bank.
Coverage of one single policy is important as this will ensure protection for you, your vehicle as well other drivers. You must consider what coverage you will receive from a single policy, such as collision, uninsured and underinsured motorist protection, personal injury, and comprehensive protection.
Before you do anything else, make sure to select and read the review about the insurance company with which you are familiar, as the moment of truth for the customer comes when it comes to settling claims. As a result, go with a well-known brand to ensure you get everything you need.
Insurance companies typically have a vast network of workshops from which to repair or service your vehicle. As a result, select an insurance provider with the largest network of car workshops, as this will ensure that your claims are settled in cash and that the service is easier and faster, with fewer hassles.
Buying it online can save you both time and money. You can purchase and select a policy from a variety of insurers in a single location, making it easier to make an informed decision about which insurance to purchase because you can research various companies such as AXA, Etiqa, Allianz, Berjaya Sompo, and others through the same website.
Car insurance will only cover damages to a vehicle, while personal accident insurance pays out benefits in the event of unintentional death, disability, or injury.
There are three types of car insurance available in Malaysia:
Comprehensive coverage is the full protection coverage for your car as it includes third-party, theft, and fire insurance policies with additional coverage on your own vehicle. In which, this coverage will not only protect third-party (other drivers) but also protects the first party (you).
Third-Party Fire and Theft coverage will protect you from third-party claims for bodily injury or death, third-party property loss or damage caused by your vehicle, as well as add another layer of protection for losses or damages to your vehicle caused by fire or theft.
Third-party insurance is the fundamental coverage that will protect you if you inadvertently injure other drivers. It is a type of insurance cover where the insurer offers protection against damage to the third-party vehicle, personal property, and physical injury.Third-party coverage is a statutory requirement for all Malaysian drivers and is the minimum level of coverage required to renew a driver’s road tax and legally drive in Malaysia.
With comprehensive coverage, you will be able to add other add-ons:
And there are many more add-ons you can include in your comprehensive coverage!
Yes. Your family members are insured under your policy as long as all of them are listed as a driver under your policy.
You do have the option to purchase add-ons that extend your cover to specific risks.
You certainly can. Make contact with your insurer and inform them of the changes in your plan.
Yes, you can cancel your policy at any time to end the contract between you and the insurance company. You may do so by providing us with written notice. Following cancellation, any premium refund will be based on the terms of the policy contract.
The ‘premium’ is the amount you have to pay to keep your car insurance in Malaysia valid. There are several factors that can contribute to the premium such as car market value, car manufacture year, No Claim Discount (NCD), and more.
Premium = Price (after NCD, if any) + Additional coverage (if any) + Service tax (6%) + Stamp duty (RM10)
These are several factors that influence the price of your car premium such as:
Third-Party insurance is the cheapest or most affordable insurance policy you can buy. This policy is the most basic and provides the fewest benefits while also charging the lowest premium.
Yes. In order for you to get the insurance policy, there are additional charges for Standard SST rate of 6% and stamp duty RM 10.
You can use various payment methods to pay for your premium such as:
No Claim Discount (NCD) is a car discount that you will receive if you have not made any claims in the previous 12 months and there have been no insurance claims made by third parties against your car insurance policy. The scale of NCD usually will start from 25% to 55% as provided in the policy. Take note that once you claim your NCD, it will revert to 0%.
There are 3 types of claim options such as:
This claim applies if your own car is damaged in an accident. If the accident was your fault, you should file a claim for your own damages as long as you have comprehensive coverage.
When the accident was not your fault, you can file a No-Fault Damage claim with your own insurance company, as long as you have comprehensive coverage.
When you are involved in an accident that was not your fault and the other party is required to pay for your damages, you file a Third-Party claim.
There are two types of car insurance claim:
Betterment is the amount you must pay when your vehicle (more than 5 years old) requires a replaced part with a new one.
Excess is the first payment you must make when claiming your insurance before your insurer covers the rest. Even if you are not at fault, you will be required to pay an excess.
All plans will cover for a period of twelve (12) months. Usually, the policy’s duration will begin either at the time of purchase or at an agreed-upon time and continues until the policy expires. You can check your insurance policy for the exact duration.
Yes, you can buy multiple policies of car insurance for other vehicles under your name or on behalf of others. Please keep in mind that you can only purchase one policy per vehicle.
Yes, you can purchase/renew your policy at PolicyStreet with no hidden fees.
You can purchase/renew your car insurance policy at PolicyStreet and we will send you the quote in less than 1 minute.
There are 35 insurance companies to choose from, including:
There are also plenty of other insurers from which to choose!