Top 5 Car Insurance Companies in 2019 for Malaysia

Buy Now at MSIG webpage

MSIG Malaysia ranked 5th in the 2019 Motor Insurance Survey. 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 cannot renew your road tax here.

Buy Now at Etiqa webpage

Etiqa won top ratings in the 2017/2018 Motor Insurance Survey in both takaful and conventional insurance categories. This year Etiqa General Insurance made it to #2. Etiqa was one of the earliest companies that offer car insurance online to Malaysians. We found Etiqa’s web portal the easiest to check to get a quotation for motor insurance prices. You only need to fill out the following six information.

1. Name
2. Registration Number
3. NRIC
4. Postcode
5. Email Address
6. Phone number

Buy Now at Tokio Marine webpage

Tokio Marine won the 2019 Motor Insurance Award as the best car insurance company in Malaysia. To get a price quote you only need to provide 8 information on the webpage, so that it is easy and quick. Tokio Marine is one of 5 companies that you can try out to compare car insurance within 5 minutes online. 

Check Allianz Price

Allianz General is the largest car insurance company in Malaysia. It is the newest company that has opened up and offered car insurance online to their customers. The webpage is easy, and you can quickly get a price quotation. In 2016/17, Allianz General won the Motor Insurance Award as the Best company. Since then it remains at the top as a 5-star service insurance company. In 2019, Allianz general placed at 4th place.

Buy Now at AXA Malaysia - 10% off

AXA Affin is one of the Best Car Insurance companies in Malaysia. It has a 5-star customer rating and placed as the 3rd Best company in the 2019 Motor Insurance Survey. The car insurance product offered is called SmartDrive Enhanced Private Car. AXA is the only company that currently provides telematics for car insurance in Malaysia so that you can save even more on your insurance. With Telematics, you have the chance to save an additional 20% on your car insurance if you are a safe driver. 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. Here are the benefits from AXA’s webpage:

• Safe Driving Bonus Up To 20%
• 10% online discount
• Enhanced Safety Features
• 24/7 Vehicle Security & Theft Recovery
• Smart Connectivity For Your Vehicle

To buy car insurance online from AXA is easy. You need to provide the following information to see how much your car insurance will cost quickly:

• Vehicle Number
• Your name
• NRIC
• Vehicle Location like West or East Malaysia
• Phone number
• Email address