Compare the best
motorcycle insurance
Compare the best
motorcycle insurance
Quotation
Policy Issuance
Roadtax Delivery
Claims Assistance
Why Choose Us?
With us, comparing quotes for your motorcycle insurance is made quick and easy! Why stress yourself with comparisons when we can do it for you? Leave it to us to find the best deals that suit your needs. Best of all, this is all free!
Tech-Enabled Financial Adviser
PolicyStreet is a financial adviser approved by the Central Bank of Malaysia.
No Hidden Fees
There are no hidden fees incurred
Compare real motorcycle insurance prices from our website now
Trusted by thousands of Malaysians
We have more than 100,000
Malaysians who seek help
regarding motorcycle insurance from us
Price Match Guarantee
PolicyStreet will match all advertised prices from competitors.
View more detailBest motorcycle insurance with 3 easy steps!
Get Quotation
Fill in your information and generate motorcycle insurance quotes instantly.
Compare and Choose the Best Motorcycle Insurance
Find the right protection for your motorcycle, be it the price or coverage. Choose the motorcycle insurance that works best for you.
Cover!
Get your insurance through our safe and secure payment system. It’s that simple! You can even consult our advisors if you need more help.
How to get cheapest motorcycle insurance?
Getting motorcycle insurance can be quite costly depending on the coverage, so even the smallest of savings can go a long way. Here are some ways to reduce your premium cost.
Compare Quotes
Look at the different insurance companies and what they offer for their price, but why do that when we can do it for you? Get a quote with us today!
Mileage Limits
If possible, try to reduce the amount of time on the road to avoid road accidents. No accidents mean cheaper premiums.
Stick To Necessities
Extra protection is always good, but it can burn a hole in your wallet. Try to stick to only what you think is necessary to reduce the overall cost.
Build your no-claims history
As long as you practice safe riding on the road with no claim history. This makes you eligible to buy a cheaper premium with no-claims discount (NCD).
Say No To Custom Motorcycles
They look cool, but repairs for modified motorcycles can be very costly due to the parts involved. Thieves may also take an interest in your motorcycle too.
Get Better Insurance Rates With PolicyStreet!
Insurance companies can charge different rates for the same type of coverage. It can be a hassle to keep track of the price, but why do that when we can do it for you? With PolicyStreet, insurance is made simple, easy and affordable. In 3 simple steps, we compare the prices so you can get the best deals. First time buyers get a 18% discount on their purchase. The discount is also eligible for customers who renew their insurance exclusively with PolicyStreet!
Don't miss out on this exclusive and guaranteed deal!
What cover do I need to consider?
There are three types of motorcycle insurance coverage in Malaysia. What gets covered depends on the policy you choose. This can range from repairs to damage done to third party motorcycles and property. As such, don’t simply choose the cheapest option. Instead, carefully consider your needs and choose the appropriate coverage for you. Listed are the three types of motorcycle insurance coverage in Malaysia.
Comprehensive motorcycle insurance is known as the most diverse coverage compared to the other coverages. This coverage will cover you for repair or replacement costs if your motorcycle is damaged, stolen or caught in a fire. It includes protecting you when you are responsible for the injury or death of the third party and damage to their property. Add-ons can be added depending on your needs.
Key Points:
Covers death or injury to the third party.
Covers damage to the third parties’ properties.
Covers loss or damage to your motorcycle in the event of fire or theft.
Covers damage to your motorcycle due to accident.
Third party, fire and theft cover offers similar coverage as the third party policy but with added coverage for damages from accidental fire and theft of your own motorcycle. Due to this added coverage, third party, fire and theft policy is relatively pricier than the third party policy but more reasonable and affordable as compared to the comprehensive coverage.
Key Points:
Covers if your motorcycle is stolen.
Covers if your motorcycle is involved in a fire.
Covers third party’s injury including passengers and their property.
This cover is the most basic motorcycle insurance policy you can apply for. This policy provides a minimum level of coverage in the event of an accident such as injuries, deaths or damages to the motorcycle. This policy provides protection against any claims due to the death of or injury to the third party through the negligence of the rider.
Key Points:
Most basic level of insurance and legally required.
Does not provide any coverage to you but only to the third party.
Any injuries, deaths or damages to your own motorcycle cannot be claimed.
What People Say About Us
Motorcycle Insurance 101
What you need to know?
In Malaysia, as a rider it is mandatory to own motorcycle insurance because no matter how skilled you are, numerous unpredictable incidents could happen on the road which are beyond your control.
Do check out the FAQ to clear your doubts on motorcycle insurance!
How insurers calculate motorcycle insurance or what are the factors affecting my motorcycle premium?
As you know, premium differs from one policyholder to another policyholder. Premium is based on risk characteristics of the rider. The greater the potential risk, the higher the premium and the lower the potential risk, the lower the premium. Thus, you should consider the factors affecting motorcycle premium to understand how your motorcycle insurance is priced.
Riding record: Motorcycle riders that have a safe riding record would be charged with less premiums compared to those who are prone to cause accidents. Your NCD would be affected too.
Claims history: You are able to get a discount on your premium if you have not made any insurance claim against your policy. However, If you have made a claim on your motorcycle insurance in the past then the insurer will classify you as having a high probability of filing future claims. Hence, higher premiums would be charged.
Location: Drivers who are living in areas that have high crime rates and larger populations would be charged with higher premiums compared to those who are living in a low crime rate area.
Type of bike ridden: Latest, expensive and powerful bikes will usually cost more to insure than older, cheaper and less powerful models. Your premiums would be higher if you add performance enhancements to make your bike more powerful and faster.
Who rides your bike? Your premiums would be lower if you are an experienced rider with good claims history. However, if you want your policy to cover a 18-year old rider with several previous insurance claims and with a speeding conviction, the premiums would be much higher.
How much you ride? If the rider spends less time riding, then the rider would have a lower chance of getting into an accident and therefore, the premiums would be much lower compared to those who spend more time riding.
In short, all of these factors will be taken into consideration by the insurers when charging premiums to a policyholder.
What is excess and how does it affect my premium?
Deductibles which are also known as excess is the amount of money that you would have to incur while the remaining amount would be borne by the insurer. The higher the excess, the lower the premiums as you have taken more risk on yourself and the insurance company would pay less for your losses.
To clarify, if you have RM1000 deductible and have encountered an accident where you are at fault which have caused RM2000 damage to your motorcycle, then you would have to pay the first RM1000 out-of-pocket while your insurer would bear the remaining losses of RM1000.
Hence, by being a rational and wise policyholder you should be able to choose the right amount of deductible by comparing how much you would save on your policy each year and how much you would have to fork out money in the event of an accident. You would need to find a perfect equilibrium between your personal budget and needs.
What is the extra coverage provided in motorcycle insurance?
The add-ons provided are as follows:
-
All Riders
-
Covers accidents while your motorcycle is being used by any licensed driver who has your consent.
-
-
Strike, Riot and Civil Commotion
-
Covers motorcycles against loss or damage caused by strike, riot and civil commotion.
-
-
Inclusion of Special Perils (Flood)
-
Covers motorcycles against loss or damage caused by flood, storm tempests amongst other perils.
-
-
Legal Liability to Pillion (LLP)
-
Provides cover against legal liability sought by your pillion against you in the event of an accident caused by your negligence.
-
If you intend to ride your motorcycle into Singapore, then it is mandatory by Singapore’s law to have cover against Legal Liability to Pillion (LLP).
-
Can I renew road tax with PolicyStreet?
Yes, definitely you can! Visit www.policystreet.com/motorcycle to renew your road tax with PolicyStreet. Wait no more, renew it now!
How do I submit motorcycle insurance claims?
When submitting claims, you should directly contact your insurance company. For instance, if you have purchased motorcycle insurance from Berjaya Sompo, then you should submit your claims to Berjaya Sompo directly for them to review and verify your claim.
How to cancel my motorcycle policy?
If you insist on cancelling your policy, you should immediately contact PolicyStreet to let them know by messaging them through WhatsApp, calling or dropping an email to them. Do not wait till the last minute.
