We are very proud to present to you the winner of Malaysia’s first Motor Insurance Award. The winner has been voted by you. No sponsoring or payment by insurance companies have influenced the outcome.
Have you ever wondered, why it is hard to find on the internet who the best car or motorcycle insurance company is in Malaysia? The simple answer is that we pay less attention to insurance, because the topic is difficult and we rely on insurance agent to help select the right insurance. Also in 2015, the price or premium for car insurance is almost the same across all insurance companies. Read our article on Detariffication to learn more.
Are all the insurance companies the same?
Let me tell you, it is not true. Malaysia has currently over 30+ companies that sell insurance. 27 companies are allowed to sell car insurance. 8 of those 27 companies are Takaful companies. Takaful means that the companies follow Islamic law and are mostly mandatory for Muslims. In the next graph, you can find the top 12 companies that make up 80% of the market motor insurance market.
If bigger would mean better, life would be much easier. You can choose the biggest company and be happy about it. But in Malaysia, the biggest insurance companies do not provide the best service. Our motor insurance survey shows that some smaller companies provide better service. We have asked over thousands of people like you what they think about their insurance company to find out who the best in Malaysia is. Below you will find the top 3 winners of our 2015 Motor Insurance Award Malaysia.
Why does the 2015 Motor Insurance Award matter?
It matters a lot, because your health and your money are at risk. If you buy cheap insurance and the service of the company is bad, you lose money and might have a lot of problems, when you have an accident. In the worst case, the insurance company refuses you the right treatment or medication, so that you suffer pain or permanent health damage.
Who provides the best service?
Over thousands of Malaysian’s car and motorcycle owners have voted and the below table shows, how the 12 insurance companies are ranked. 100 is the highest score. The average score of all companies is 67.
