Compare car insurance in Malaysia.
Compare the top 16 Malaysian car insurance providers, with premiums from RM650 /year. Data current as of 23 October 2026 and updated daily from the Giraffy database.
19 live offers compared from 16 providers, from RM650 /year. Updated daily.
RM650 /year
Shariah-compliant motor takaful with competitive pricing and ethical claims approach.
RM650 /year
Malaysia's pioneer takaful operator offering motor takaful with dividend sharing.
RM650 /year
Etiqa's online motor insurance with instant quote and policy — largest Takaful in MY.
RM700 /year
Berjaya Sompo's comprehensive motor with flexible excess options and fast claims.
RM700 /year
Lonpac's telematics-based SmartDrive rewarding safe drivers with premium discounts.
RM700 /year
Tokio Marine's MyCar comprehensive with 24-hour towing assistance.
RM750 /year
MSIG's Oto plan with agreed value option and special perils coverage add-on.
RM750 /year
RHB Bank's motor insurance arm — comprehensive cover with online instant policy.
RM750 /year
AIA's motor takaful with Shariah-compliant coverage and cashless workshop claims.
RM780 /year
Liberty's comprehensive motor insurance with new-for-old replacement in first year.
RM800 /year
Great Eastern's motor insurance with all-driver cover and 24hr claims support.
RM800 /year
Allianz comprehensive car insurance with Malaysia's top claims satisfaction rating.
RM800 /year
Zurich's comprehensive motor insurance with roadside assistance and windscreen cover.
RM900 /year
AIG Malaysia comprehensive motor with 24-hour global emergency assistance.
RM1100 /year
RM1200 /year
RM1300 /year
RM1600 /year
RM1800 /year
Car insurance (motor insurance) covers financial loss from accidents, theft, fire and third-party claims involving your vehicle. In Malaysia at least third-party motor cover is compulsory by law to drive, while comprehensive cover adds protection for your own vehicle. Both conventional motor insurance and motor takaful are available. Cover is usually renewed annually alongside your road tax, and pricing has been liberalised so insurers can compete on premiums within regulatory limits.
Motor insurance is sold by general insurers and takaful operators, and is required to renew road tax each year. Three tiers exist: third-party only (the legal minimum), third-party fire and theft, and comprehensive. Since tariff liberalisation, insurers price comprehensive and third-party fire and theft premiums based on risk factors, though the base third-party tariff remains referenced by the Persatuan Insurans Am Malaysia (PIAM) framework. Your No-Claim Discount (NCD) significantly reduces premiums after claim-free years.
Legal compliance — At least third-party cover is mandatory to drive and to renew your road tax.
Own-vehicle protection — Comprehensive cover pays to repair or replace your car after an accident, theft or fire.
No-Claim Discount — Claim-free years earn an NCD that steeply cuts your renewal premium, up to 55%.
Takaful option — Motor takaful offers Shariah-compliant protection with equivalent cover tiers.
Decide between third-party, third-party fire and theft, or comprehensive based on your car's value and your risk appetite. Set the sum insured to your car's market or agreed value to avoid over- or under-insurance. Compare premiums across insurers now that pricing is liberalised, factor in your NCD, and check add-ons like windscreen cover, flood, named-driver terms and towing. Confirm the claims and workshop panel process.
Allianz Malaysia, MSIG Malaysia, AIG Malaysia, Liberty Insurance Malaysia, Berjaya Sompo Insurance and Great Eastern Malaysia are major motor insurers. Etiqa Insurance and Takaful is a market leader offering both conventional and takaful motor cover, and Maybank distributes motor insurance to its customers. Many now offer online renewal and instant quotes, so compare premiums and add-ons directly.
Comprehensive premiums typically range from around RM650 to RM1,800 a year depending on the car's value, engine capacity, location, driver profile and NCD. Third-party-only cover is much cheaper but leaves your own vehicle unprotected. Beyond the base premium, budget for the 6% government service tax and stamp duty, plus any optional add-ons. A strong NCD from claim-free years can dramatically lower what you pay at renewal.
Motor insurers and takaful operators are licensed and supervised by Bank Negara Malaysia (BNM), with the industry body PIAM setting reference tariffs and standards. Motor cover must be renewed to keep road tax valid under the Road Transport Act 1987. Product disclosure sheets are mandatory, and claims disputes can be escalated to the Ombudsman for Financial Services (OFS).
Is car insurance compulsory? Yes, at least third-party motor insurance is required by law to drive and to renew your road tax each year.
What is No-Claim Discount? NCD is a premium discount earned for each claim-free year, rising up to 55%, and it transfers with you between insurers.
What is the difference between market and agreed value? Market value pays the car's depreciated worth at claim time, while agreed value fixes the sum insured upfront, often at a slightly higher premium.
The cheapest Car Insurance in Malaysia is RM650 /year from Takaful Ikhlas.
Giraffy tracks 19 car insurance products across 16 insurers in Malaysia. The lowest tracked price is RM650 /year. Your individual premium depends on your vehicle, driving history, and location — comparing quotes regularly is the most effective way to cut costs.
Third-party cover is the minimum legal requirement in most markets — it pays for damage you cause to other vehicles and people but not your own car. Comprehensive cover includes damage to your own vehicle regardless of fault — and is often only marginally more expensive than third-party cover.
Key factors include: age and driving experience, claims history and no-claims bonus, vehicle make, model, and engine size, annual mileage, where you park overnight, postcode, and whether you add named drivers. Younger drivers typically pay more due to statistically higher accident rates.
The excess is the amount you contribute towards a claim before the insurer pays the rest. There's usually a compulsory excess (set by the insurer) and a voluntary excess (you choose). Raising your voluntary excess lowers your premium — but make sure you could comfortably pay it if you needed to claim.
An NCB (or no-claims discount) rewards claim-free years with lower premiums — typically 10–15% discount per year, up to around 60–70% after 5+ years. You can protect your NCB with an add-on that allows 1–2 at-fault claims without losing your discount. Check if your NCB is transferable when switching insurers.
Adding an experienced driver with a clean record can sometimes reduce premiums. However, adding a young or inexperienced driver almost always increases costs. 'Fronting' — where a parent is listed as the main driver to reduce a young driver's premium — is illegal and can void a policy.
Yes — temporary car insurance is available from specialist providers for short periods. It's useful for driving a car you don't own, sharing driving on a long trip, or covering a car you're selling. These policies don't affect the main policy holder's no-claims bonus.