Need to renew your car insurance in Malaysia? Are you looking for insurance that follows Shariah principles? Check out our independent Top 3 list of the Best Car Takaful in Malaysia.

iBanding is an independent insurance and takaful education webpage committed to providing you with unbiased information. We research and collect reviews and ratings from actual Malaysian car owners and help you find the right takaful for your car.

Malaysia has over 20 insurance and takaful companies that sell car or motorcycle insurance, and it is not easy to find which one is the best. The choice becomes easier when you are looking for Shariah-compliant car insurance that is called car takaful. In Malaysia, four big companies sell car takaful.

  • Etiqa Takaful
  • Syarikat Takaful Malaysia
  • Takaful Ikhlas
  • Zurich Takaful

Every year we conduct an online survey with over 10,000 Malaysian car owners to find the best car takaful company. Out of the four takaful companies, three companies received a 5-star rating, and one company received a 4-star rating. This rating is similar to the quality level at hotels. A 5-star hotel provides better service than a 3-star hotel. A 5-star takaful company has proven to provide better service to its customer than a 4-star takaful company.

Here are the three companies that received a 5-star rating in 2019.

Top 3 Car Takaful Companies (reverse order)

3. Takaful Ikhlas

Takaful Ikhlas General Berhad is on the 3rd place in the 2019 Motor Insurance and Takaful survey. Last year, Takaful Ikhlas placed 2nd in the category Takaful. If you put together the 20+ conventional insurance companies, then you will see that Takaful companies, in general, have very high customer satisfaction in Malaysia. In a combined list, Takaful Ikhlas would place 5th place out of 22 two companies.

The company has recently renewed their webpages so that getting a price quote for car takaful is very easy now. You only need to provide five details, and you immediately get the price.

2019 Key Facts 

  • MIA Ranking 2019: #3
  • Customer Service Level: 5 stars
  • User Review Ratings: 3.7 stars
  • Webpage Friendliness: Easy
  • e-Hailing: No
  • Special Discount: 10% online

2. Syarikat Takaful Malaysia

Syarikat Takaful Malaysia has been at the top of the Motor Insurance and Takaful survey for the past three years. In 2016/2017 and 2017/2018, Takaful Malaysia placed 1st in the Takaful category. This year, Takaful Malaysia missed the top spot by only two points. However, the company remains to be one of the best car takaful companies in Malaysia. The webpage is simple so that most people will have no problem buying the car takaful online

The newest service is that you can chose an instalment plan for 6 months with zero (0%) interest. To buy with an instalment plan, you need to have a credit card, and your premium must be higher than RM 500.

2019 Key Facts 

  • MIA Ranking 2019: #2
  • Customer Service Level: 5 stars
  • User Review Ratings: 4 stars
  • Webpage Friendliness: Very Easy
  • Special Offer: 10% online discount + No claims rebate

1. Etiqa Takaful

Etiqa Takaful is the Best Car Takaful company in Malaysia and Winner of the prestigious 2019 Motor Takaful Award. It has a 5-star customer rating and also placed 1st in the Motor Insurance and Takaful survey in 2017/2018 together with Takaful Malaysia. Etiqa Takaful comes standard with

1. Agreed Value, instead of Market Value

When your car is stolen or destroyed in an accident, you will get the full sum insured. No questions asked about how much the car is worth at the time of the crash. Without Agreed Value, your vehicle is insured at Market Value. Market Value means that when you have an accident, the insurance company will only pay what the car is worth. Even after only one month, the car value can have dropped and lost some of its value, so that you get less money from the insurance company.

2. All Drivers are included

This means that you do not need to list the names of people who drive the car because all drivers are included with Etiqa Takaful. No need to add additional drivers for RM 10.

3. No excess during an accident

With “No Excess”, you do not need to pay some of the damages out of your pocket, when you have an accident.  Some insurance and takaful company have written in their fine-print that you will need to pay some money, also called an excess, when you have an accident. With Etiqa Takaful, there is no excess for people who are above 21 years old.

As one of the few companies in Malaysia, Etiqa Takaful offers an option to buy insurance for e-Hailing. This means that if you are a Grab or Uber driver, you want to purchase these options to be protected when you use your car to earn money.

2019 Key Facts 

  • MIA Ranking 2019: #1
  • Customer Service Level: 5 stars
  • User Review Ratings: 4 stars
  • Webpage Friendliness: Very Easy
  • E-Hailing / Protection for Grab drivers: Yes
  • Special Offer: 10% + no claims bonus

2019 Top 3 Car Takaful Companies in Malaysia

  1. Etiqa General Takaful
  2. Syarikat Takaful Malaysia
  3. Takaful Ikhlas

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