Insurance News

How To Save 55% On Your Motorcycle Insurance?

Are you looking for the cheapest motorcycle insurance? If yes, we have great news. You can now easily save up to 55% on motorcycle insurance. Want to know how? It’s simple, you compare with other insurance plans before buying. Identifying the best motorcycle insurance plan is not easy. There are various companies in Malaysia offering motorcycle insurance with different prices for different coverage amounts. In this article, we have compiled the top motorcycle insurance companies in Malaysia for you, so you can compare before buying a motorcycle insurance plan.

How Much You Can Save On Motorcycle Insurance When Comparing?

To demonstrate this, we will be showing an example on how you can save almost 55% on motorcycle insurance. The same motorcycle model, cc, variant, year of make and value will be used in this example to show which is the cheapest and best option.

Example Comparison

The motorcycle details as below is used:

  • Motorcycle Model: YAMAHA 135LC 4 SPEED

  • CC: 134

  • Variant: Rotary

  • year: 2015

  • Value Of Motorcycle (Sum Insured): RM 4,400

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Based on the details above, here is a list of 6 insurance companies in Malaysia that offers motorcycle insurance at different prices. The table below shows a comparison of the same coverage (sum insured) from different companies with their prices from lowest to highest.

Company
Sum Insured (RM)
Price (RM)
Etiqa Takaful
4,400
142.66
Pacific & Orient
4,400
199.51
Berjaya
4,400
199.52
Liberty
4,400
209.00
Kurnia
4,400
218.47
Allianz
4,400
220.55

Based on the table above, you can see that Etiqa Takaful offers the lowest price on motorcycle insurance at RM142.66. Meanwhile, Allianz costs the most expensive at RM220.55. Comparing the cheapest and most expensive option, you pay RM77.89 extra for the same amount of coverage.

The images above shows proof of the quotations from both companies and their coverage. It can be concluded that, by choosing Etiqa Takaful you will be able to save almost 55% on motorcycle insurance for the same coverage as Allianz.

Is It Important To Compare Insurance Plans ?

Yes. It is important to compare before you buy any motorcycle insurance plan. As seen earlier from the example comparison, you will save up to 55% if you choose the Etiqa Takaful compared to Allianz. The comparison made in the example is specifically for the Yamaha 135LC 4 Speed model.

Different motorcycles have different price range. This means that you could also save more than 55% depending on your motorcycle details. By comparing, you will be able to save a lot of money and make a better decision in choosing the right insurance plan for your motorcycle.

List of Top Motorcycle Insurance In Malaysia

Here is the list of companies that offer motorcycle insurance in Malaysia. You can quickly compare insurance prices for your motorcycle and choose the company that will help you save money.

CompanyLink to buy10% Discount
Online?
Webpage friendliness
Etiqa Insurance and TakafulBuy Online
YES
VERY EASY
Berjaya SompoBuy Online
YES
VERY EASY
Pacific & Orient Buy Online
YES
VERY EASY
Allianz MalaysiaBuy Online
NO
EASY
MSIG InsuranceBuy Online
YES
MEDIUM
Liberty InsuranceBuy Online
YES
MEDIUM
KurniaBuy Online
YES
MEDIUM
Zurich TakafulBuy Online
NO
MEDIUM

Here is the list of companies that offer motorcycle insurance in Malaysia. You can quickly compare insurance prices for your motorcycle and choose the company that will help you save money.

Conclusion

To sum it up, comparing insurance plans will definitely save you money. If you want to get the cheapest price on motorcycle insurance, you should definitely start comparing insurance plans. You will be amazed at how much you will save in the long run. Start comparing now with the table above to find the cheapest motorcycle insurance.

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