Best Comprehensive Car Insurance Coverage in Malaysia

Owning a car is not a luxury, how else will you get to work, drop the kids at school, see the family and get the shopping done? It's better to protect your transport by getting your vehicle insured against accidents, theft, and fire. Enjoy 24-hour roadside assistance and towing services!

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AIA Comprehensive Commercial Vehicle Insurance

AIA Comprehensive Commercial Vehicle Insurance

Insure your commercial car or van from accidents, fire damage, and theft! Additionally, have complete protection against liability towards third party individuals.

Towing
charges apply
Online Purchase
EPP
Read moreApply now
MCIS Comprehensive Motor Insurance

MCIS Comprehensive Motor Insurance

Provide complete insurance for either your private car, business van, or motorcycle. Free MCIS Automate for towing services and warranty on repairs and replacements.

Towing
free up toRM300
Online Purchase
EPP
Read moreApply now
RHB Insurance Comprehensive Motorcycle Insurance

RHB Insurance Comprehensive Motorcycle Insurance

Motor insurance coverage against loss or damage to your motorcycle and against liability towards other parties for injury, death, and property damage.

Towing
free up toRM50
Online Purchase
EPP
Read moreApply now
Takaful IKHLAS Comprehensive Commercial Vehicle Insurance

Takaful IKHLAS Comprehensive Commercial Vehicle Insurance

Whether you run a delivery service or you need a van to pick up inventory, it's important to have your vehicle insured. Avoid business loss with Takaful Ikhlas.

Towing
charges apply
Online Purchase
EPP
Read moreApply now
Takaful IKHLAS Comprehensive Motorcycle

Takaful IKHLAS Comprehensive Motorcycle

An all-inclusive insurance for your handsome machine. Protect your wheels from damage and injury and damage caused to road users and their property.

Towing
charges apply
Online Purchase
EPP
Read moreApply now
Uni.Asia Comprehensive AutoStar

Uni.Asia Comprehensive AutoStar

A comprehensive 5-star motor insurance that protects you and any third party. Let Uni.Asia bear some of your financially burden when unpleasant accident happens.

Towing
free up to50KM
Online Purchase
EPP
Read moreApply now
Zurich Motor Takaful

Zurich Motor Takaful

Protect yourself, your family and your car better with a full takaful protection plan from Zurich Takaful.

Towing
charges apply
Online Purchase
EPP
Read moreApply now
Zurich Z-Driver

Zurich Z-Driver

Get comprehensive car insurance on the vehicle you are relying on. Ensure that you have safe driving pleasure both for yourself and your family. This plan will protect you, your vehicle and the drivers around you.

Towing
charges apply
Online Purchase
EPP
Read moreApply now
Zurich Z-Rider

Zurich Z-Rider

Make sure you have adequate protection for your motorcycle with this Zurich plan, that gives you and your bike the coverage it needs.

Towing
free up toRM50
Online Purchase
EPP
Read moreApply now

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What You Need To Know About Car Insurance

If you dream to own a car, you'd have to get your motor insurance sorted, whether it's third party only or comprehensive protection. You like to drive fast, but what happens when you lose control and crash?

You WILL need motor insurance when you buy a car; it's as simple as that . Anyone telling you any different is well...ill informed, or simply has no regard for his or her own welfare - there's no two ways around it, as you will need a car insurance of some-kind to be able to drive legally, even if it's to your mamak stall 5 minutes from home.

According to the Malaysian Institute of Road Safety Research, in 2012 alone, Malaysia has seen over 400,000 road accidents, 6,000 of which has led to road deaths. You can bet that this number has risen in 2014, and will continue to rise with more demand for cars, if there is no changes done for the sorry state of our public transportation system. This is reason enough to buy a motor insurance policy, to save you time and inconvenience when accidents happen.

The 3 Types of Car Insurance

There are three types of motor insurance available in the Malaysian market, namely:

1. Third Party Cover

Imagine this: It was a rainy night, and you decide to drive your car home after a night of drinking. Your car skids at a junction and hits a pedestrian. By luck, you escaped unscathed - but to your worst fears, the pedestrian had suffered a few broken limbs - ouch!

To avoid forking out an exorbitant amount of money to pay for his or her hospital bills, you need at least a third party car insurance - It is a policy that protects you against claims for bodily injuries or even deaths caused to other persons (third party), including any loss or damage to their vehicle or property. This also means that you cannot claim for any damages on your own person or vehicle, with it being the cheapest and most minimal policy you would need to enable you to drive legally.

2. Third Party Fire and Theft Cover

Like a third party insurance policy, this policy covers you against claims from third parties from bodily injury, death, and loss or damage to their property. Speeding in a neighbourhood and crashed into a house? You policy might pay for a portion of the repairs.

Added to that, you will be able to claim compensation for loss or damaged caused by fire related incidents and car theft - so if you fear waking up one day with a missing car from your driveway, you can claim with a fire and theft insurance plan.

3. Comprehensive Cover

This car insurance policy covers all of the above, but the major reason to buy comprehensive is the protection given to your OWN car! In addition to third party protection and fire and theft coverage for you own car, you will get cover for any accidental loss or damage inflicted to your vehicle due to an accident.

It is probably a good idea to buy yourself a comprehensive car insurance plan if you own a relatively expensive car - a car that has a market value of more than RM30,000 would fit just nicely in this category.

Types of Motor Insurance Third party bodily injury/ death and loss/ damage to third party property Loss/ damage to your vehicle due to accidental fire or theft Loss/ damage to your vehicle due to an accident
Third Party Cover
YES
NO NO
Third Party Fire and Theft Cover
YES YES NO
Comprehensive Cover
YES YES YES

What Your Car Insurance Will Not Normally Cover

If you have read the terms and conditions for all three policies carefully, provided that you actually understood everything, you will realise that some incidents are not covered, even though they occur fairly frequently, for example - you would expect your car insurance to cover your death in the event of a serious accident...but does it really? To be clear, that's what a motor personal accident insurance is for, something you should also sign-up for when taking up a car insurance plan.

1. Your own death or bodily injury because of a motor accident

You would expect that your own death or at least physical injury to be coverage for a modest amount of money; well, stranger things have happened. Your personal accident insurance or medical insurance might have you covered, but not a car insurance plan. Nope, not even the comprehensive cover - that means no hospitalisation allowance or coverage for funeral expenses.

2. Your liability against claims from your passengers

A passenger who gets hurt because of a car accident will usually have an easier case compared to the person behind the wheel - if the accident involves two vehicles, one of the drivers will most likely be found negligent and liable for the physical injury to the passenger.
However, you will be able to pay additional premium on your motor insurance to include Passenger Liability Extension Cover, in the event that your passengers choose to sue you.

3. Stolen non-factory fitted vehicle accessories such as car stereos, leather seats, sports rims etc.

Pimping out your brand new Honda City with custom spinning rims, genuine leather seats, and an expensive (but totally unnecessary) sound system might earn you brownie points with your friends and colleagues, but you may also be drawing a lot of unwanted attention from less agreeable people i.e. car thieves. Make sure in addition to your lavish upgrades, you install additional car security features, such as a powerful GPS tracking system!

4. Consequential loss, depreciation, wear and tear, mechanical, technical breakdown failures, or breakages

Like everything else - cars aren't built to last. As vehicle parts wear out with time (excluding parts made out of glass e.g. windshield), the value of your car depreciates along with them - and honestly, a car's value drops the moment it leaves the showroom. 

You'll probably lose up to 40% of its initial value 5 years down the road - literally! If you're planning to insure a car that is pushing 15 years of age, good luck finding an insurer that'll take you on.

5. Vehicle damage due to acts of nature e.g. flood, landslide, typhoon

These unfortunate events, along with earthquakes and hurricanes are commonly referred to as natural disasters or acts of God, and are not covered in standard car insurance policies. On the other hand, you may pay higher premiums to extend your policy to cover flood, landslide, landslip including adequate cover for your passengers.

As you've read, insurance companies will allow you to add-on optional benefits to your car insurance policy to be insured for all five exclusions that we've mentioned above, including coverage for windscreen repairs and replacement - but of course, you will have to pay a higher premium. So you'd now probably want to know what goes into calculating your premiums?

Your Motor Premium Rates

Before the 1st of July, motor insurance premium rates were calculated based on an insurance tariff set by Bank Negara Malaysia ( BNM). Premium rates were primarily determined based on the value of your vehicle and its engine capacity. However, since the de-tariffication insurance companies with look to other factors as well to determine your motor insurance premiums. From now on, insurers will take the driver into account as well, specifically, age, gender, occupation and education, residence and claim histories, before calculating your premiums

This risk based assessment is put into play to provide consumers with more insurance options and hopefully better service. Remember to shop around for your insurance, as there will be more flooding the market. With competitive market pricing between insurers you might come out with a better deal than you bargained for. Using this method of risk management, will also provide an incentive for drivers to actively reduce their risk for the purpose of enjoying better rates on both their premiums and annual renewals.

Avoid Under-Insurance

Lastly, it is very important that you insure your vehicle appropriately according to its current value, whether its at the purchase price for a new car, or the current market value for one that is used. This is to avoid under-insurance that will result in only partial compensations on claims, or worse still over-insurance, where you simply waste money to insure a car above its market value, when the maximum you can claim is at the market value - so why would you want to do that?

More Ways to Pay Premiums

As you may well know, there are already several ways to pay your monthly premiums, with there being auto-debit features, online payments and apps as well as well as all the traditional payment options like cheques and cash. However, all these options include either forking out the cash you don’t have, or paying more interest rates on credit cards.

Therefore, selected insurance companies have partnered up with banks to provide a solution in the form of 0% EPP’s. Easy Payment Plans ( EPP) are offered by banks for consumers to make purchases and then set themselves a payment plan that can range from a few months to a couple years at low interest rates. It helps people manage their finances better and ease them of additional burdens. With this feature now being open to Motor Insurance premiums, you will be able to enjoy this benefit as well and budget ahead.