2018 Guide to Buying Car Insurance Online in Malaysia
In this ultimate guide we show you where to buy car insurance online in Malaysia and get 10% discount. There are over 20 insurance companies that sell car or motorcycle insurance in Malaysia. Traditionally, we would buy motor insurance and road tax from an insurance agent. But since the start of Motor Detariffication in July 2017, insurance companies have started to sell car insurance online.
Now it is easy for everyone to go online and purchase car insurance themselves. The big advantage is that if you buy online, you get 10% discount on the insurance price. But know that when you buy online you do not get help from an insurance agent. An insurance agent can especially be helpful, when you have an accident and need to make a claim. But if you are confident about insurance and want to save 10% on your insurance, check out the prices for insurance online.
Not all insurance companies offer online insurance today. Here is a complete list of companies that offer insurance online today with up to 30% discount.
Overview of Malaysian Insurance Companies that sell car insurance online
|#||Company||User Reviews||Discount||Webpage friendliness||Webpages|
|1||AXA Affin||(233 reviews)||30% = 10% online|
+ 20% safe driver discount
|2||Syarikat Takaful Malaysia||(505 Reviews)||10% online|
+ Cash Back for no claims
|VERY EASY||Buy Online|
|3||Etiqa Insurance||(2,514 reviews)||10% online||VERY EASY||Buy Insurance
|4||Takaful Ikhlas||(483 reviews)||10% online||VERY HARD||Buy Online|
|5||Tokio Marine||(243 reviews)||10% online||EASY||Buy Online|
|6||MSIG Malaysia||(173 reviews)||10% online||EASY||Buy Online|
|7||Liberty Insurance||(284 reviews)||10% online||VERY HARD||Buy Online|
|8||AmGeneral & Kurnia||(510 reviews)||10% online||MEDIUM||Buy Online|
|9||AIG Malaysia||(220 reviews)||10% online||EASY||Buy Online|
|10||Berjaya Sompo||(167 reviews)||10% online||MEDIUM||Buy Online|
|11||Tune Insurance||(88 reviews)||10% online||EASY||Buy Online|
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Individual Website Reviews
AXA is the only company that currently offers telematics for car insurance in Malaysia. The AXA product is called AXA FlexiDrive, it is an add-on to the motor insurance plan.
What is telematics? Telematics is a method to monitor vehicle and driver behaviour. In this case, the insurance company will install a small device in the vehicle your that enables tracking and monitoring of vehicle usage and driver’s behaviour. In the case of AXA FlexiDrive, a safe driver is entitled to a discount of up to 20% on their car insurance. Here are the benefits from AXA’s webpage:
- Safe Driving Bonus Up To 20%
- Enhanced Safety Features
- 24/7 Vehicle Security & Theft Recovery
- Smart Connectivity For Your Vehicle
To buy car insurance online from AXA is easy. You just need to provide the following information to quickly see how much your car insurance will cost:
- Vehicle Number
- Your name
- Vehicle Location like West or East Malaysia
- Phone number
- Email address
Similar to most of the other insurance companies, you cannot buy road tax on AXA’s portal. To buy road tax you need to go to the Pos Malaysia office or buy it online from MyEG.
Takaful Malaysia is the 2 time winner of the Malaysian Motor Insurance Award. This is a testament to their customers satisfaction with the services and benefits offered. Takaful Malaysia’s motor insurance product is called “myClick Motor”. Unlike other insurance companies, this product comes with a free Personal Accident coverage of RM 15,000 for each driver and passenger.
The webpage is very user friendly and you only need to provide a few information to generate the quotation for your car insurance. Besides the 10% online discount you also get cash back during renewal (subject to financial performance, applicable tax deductions and no claims incurred during the coverage period).
The downside to buying through Takaful Malaysia online is that you need to buy road tax separately online at MyEG or at the post office. You cannot buy it online from Syarikat Takaful Malaysia.
Etiqa won top ratings in the 2017/18 Motor Insurance Award in both takaful and conventional insurance categories.
Etiqa was one of the earliest companies that offer car insurance online to Malaysians. We found Etiqa’s web portal the easiest to check get quotation for motor insurance prices. You only need to fill out the following six information.
- Registration Number
- Email Address
- Phone number
The only downside is that they do no offer road tax renewal here, so you’d need to get it separately online on MyEG or at the post office.
Takaful Ikhlas is one of 4 Malaysian companies that sell Shariah compliant car insurance in Malaysia. In the 2017/18 Motor Takaful Award, Takaful Ikhlas ranked 3rd after Etiqa Takaful and Syarikat Takaful. Takaful Ikhlas motor insurance product is called IKHLAS Comprehensive Private Car Takaful.
Buying car insurance online from Takaful Ikhlas is not an easy feat. In fact, it could be one of the most difficult portals to use. You will need to be pretty tech-savvy and knowledgeable about your own car to fill in all the information about your vehicle.
One positive side though is that you can get 10% discount if you buy online here. The negative side however, is that you might need the help of an insurance agent to actually buy it online.
MSIG Malaysia ranked 5th in the Motor Insurance Award 2017/2018. This is a good result given that Malaysia has over 20 insurance companies in Malaysia.
Their web portal is easy to use, although not as easy as Takaful Malaysia’s or Etiqa’s. But you can get the prices and even renew your insurance within a few minutes. The downside, again you can’t renew your road tax here.
Liberty Insurance ranked number 6 in the Motor Insurance Survey 2017/2018. Again, given that there are over 20 insurance companies in the country, this is a good placing. Liberty offers several private car insurance plans. Here are three comprehensive insurance plans by Liberty.
Sadly, to renew or buy car insurance online from Liberty is very hard. Liberty uses the same system as Takaful Ikhlas, so both aren’t easy to use. Similar to Takaful Ikhlas you need to be an insurance expert to fill out all the fields. If you do manage to fill in all the fields and pages, you can purchase your insurance with the 10% direct discount.
Similar to many other portals, you cannot renew your road tax online from Liberty’s webpage.
Kurnia / AmGeneral ranked number 8th in the Motor Insurance Award 2017/2018 ranking , placing it in the middle of all the ranked motor insurance companies in Malaysia. Kurnia was bought by AmGeneral Insurance in 2012, hence why you may sometimes see both names used. However, its motor insurance products are generally advertised under the name Kurnia.
Kurnia offers two types of comprehensive car insurance:
We’ve rated the process to renew or purchase motor insurance via Kurnia’s website MEDIUM in difficulty. It’s not the easiest however it isn’t too hard either, so anyone with some basic understanding of how the internet works and some knowledge about their vehicle may be able to do it.
One big advantage of buying from Kurnia is that you can buy your road tax together along with your car insurance! Currently Kurnia is the only company that offers it.
Buying car insurance from Berjaya Sompo Insurance is MEDIUM difficult. Different from other insurance companies, you need to create a User Account first. Without an account you buy car insurance from Berjaya Sompo. This makes it more difficult for anyone who want to briefly check how much the car insurance cost.
Berjaya Sompo has placed #12 in the 2017/2018 Motor Insurance Survey conducted by iBanding. This places Berjaya Sompo at the bottom compared to the other Malaysian insurance companies.
Similar to most of the other insurance companies, you cannot buy road tax on Berjaya Sompo’s website. To buy road tax you need to go to the Pos Malaysia office or buy it online from MyEG.
Tune Insurance is the insurance company run by AirAsia. We all know AirAsia from providing cheap and affordable air tickets, but only few know that they also sell car insurance. Tune is a small company compared to the large insurance companies like Allianz and AmGeneral/Kurnia. Last year Tune ranked #15 in the 2017/2018 Motor Insurance Survey. Tune’s car insurance is called “Tune Protect Motor Easy”.
Buying car insurance online from Tune Insurance is EASY. You provide your IC, vehicle registration number and place of use and you can find out how much the car insurance cost. In the next steps you can select additional covers like windscreens, third party and others.
Similar to other insurance companies, you cannot buy road tax on Tune’s webpage. To buy road tax you need to go to the Pos Malaysia office or buy it online from MyEG.
Summary Online Car Insurance Malaysia:
- AXA Affin – AXA SmartDrive and AXA FlexiDrive Car Insurance
- Syarikat Takaful Malaysia – Takaful myMotor
- Etiqa – MyEtiqa Car Insurance & Takaful
- Takaful Ikhlas – Comprehensive Private Car Takaful
- Tokio Marine – Tokio Now Car Insurance
- MSIG – Car Insurance
- Liberty – Car Insurance
- AmGeneral & Kurnia – Private Car Comprehensive, Auto 365 Comprehensive Premier
- AIG Malaysia – AIG Car Insurance
- Berjaya Sompo – SOMPO Motor
- Tune Protect – Tune Protect Motor Easy
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