In Malaysia, car insurance is more than a safety measure—it's the law. But with numerous providers and policies, finding the right one can be challenging. Here's a simplified guide to navigate your choices.

1. Understand the Types of Coverage

Car insurance in Malaysia typically falls into three categories: Third Party, Third Party, Fire and Theft (TPFT), and Comprehensive.

Third Party covers damages you inflict on other vehicles, property, or people in an accident, but doesn't cover your own vehicle. TPFT includes the same, plus coverage for fire or theft of your vehicle. Comprehensive insurance offers the most coverage, including damages to your vehicle, theft, fire, and third-party property damages.

2. Consider Your Needs and Budget

Think about your car's age, your driving habits, and financial situation. If you have a new or excellent condition car, comprehensive cover is a smart choice. But if your vehicle is older or used less frequently, Third Party or TPFT coverage might suffice.

Always consider your ability to bear unexpected costs. If a significant repair would be financially challenging, comprehensive cover, though pricier, could be worth it.

3. Check the Insured's Declared Value (IDV)

IDV is your car's current market value, determining the maximum claim amount in case of total loss, theft, or extensive damage. Ensure it reflects your car's actual worth, as under-declared IDV might result in insufficient compensation, while over-declared values can mean higher premiums.

4. Understand Your NCD

No Claim Discount (NCD) is a discount on your premium for every claim-free year, starting from 25% in the first year to 55% after five claim-free years in Malaysia. A clean driving record translates to lower premiums.

5. Evaluate Claim Process Ease

An insurer’s claim process should be quick, straightforward, and transparent. You want an insurance provider that offers good customer support, 24/7 roadside assistance, clear instructions on how to file a claim, and quick claim settlement.

6. Consider for Add-Ons

Consider valuable add-ons like windscreen cover, legal liability to passengers, and flood coverage, especially if you live in flood-prone regions.

Additionally, several insurers offer free add-ons such as free roadside assistance, towing services, and personal accident coverage that enhance your overall coverage, giving you peace of mind.

Take time to understand the types of coverage, assessing your unique needs, while comparing quotes and read customer reviews from different providers. By doing your homework, you'll find a plan that not only fits your budget but also gives you comprehensive protection and peace of mind.

You can get quotes from more than 7 different insurance companies through your Touch n’ Go eWallet and get covered with just a few clicks.