Choosing the right car insurance or takaful plan in Malaysia has become more confusing than ever. With dozens of insurers, comparison platforms, new digital players, and different coverage tiers, many Malaysian drivers and car owners especially Honda, Perodua, Proton and e-hailing users struggle to find clear, transparent, and affordable options.

Platforms like BJAK and MYEG are well-known in the market, but many Malaysians now search for alternatives that offer:

• Faster renewal
• Cheaper premiums
• Transparent pricing
• Real human support
• Zero hidden charges

This is where MetaFin has gained traction as a trusted homegrown platform built for Malaysian drivers who want value, simplicity, and real guidance.

This guide covers everything you need to know in 2025. From car insurance, takaful, road tax, claims, e-hailing requirements, and how MetaFin stands against BJAK and MYEG in real-world usage.

Why Car Insurance in Malaysia Is Getting More Competitive?

The Malaysian market is dominated by established providers like:

• Takaful Malaysia
• Etiqa Takaful
• Allianz Malaysia
• Kurnia Insurance
• Zurich Takaful
• Takaful Ikhlas
• Generali
• Berjaya Sompo

With motor insurance becoming completely liberalised or non-tariffs, each insurer now sets its own premium, making online platforms more important than ever.

Many drivers don’t realise that different brands can quote different prices for the exact same car.
For example: A Honda City 1.5L 2020 can have premium differences of RM150–RM400 between insurers.

This is why comparison matters.

Why Malaysians prefer a digital platform to check our various premiums instead of going direct?

Malaysian drivers increasingly prefer using an online platform because:

• You get multiple prices instantly
• You avoid overpaying for add-ons
• You don’t need to call 7–10 insurers
• Renewal only takes 3–5 minutes
• Digital certificates are issued instantly (if no refer risk issues, lapsed policy or underinsured premiums)
• Add-ons are shown clearly (windscreen, special perils, all driver cover and so on)

But not all comparison platforms are equal.

MetaFin vs BJAK vs MYEG

Which Is Better for Malaysian Drivers in 2025?

Below is a simplified comparison based on user feedback, Trustpilot reviews, and typical renewal experience.

Why MetaFin wins:
MetaFin focuses only on motor insurance, which means the platform is simpler, cleaner, and faster for renewals, unlike BJAK, which promotes upsells membership and so on, or MYEG, which focuses heavily on JPJ services.

Understanding Car Insurance Types in Malaysia

Knowing the right coverage helps avoid unnecessary spending.

1. Comprehensive Insurance

Covers:
✔ Your car
✔ Third-party car (The other person’s car)
✔ Theft
✔ Fire
✔ Civil unrest
✔ Flood (if you add Special Perils)

Recommended for:

• Honda City, Honda Civic, Honda HR-V
• Toyota Vios, Perodua Myvi, Proton X50
• Newer cars (below 10 years old)

2. Third Party, Fire & Theft (TPFT)

Covers:
✔ Third-party vehicle damage
✔ Fire
✔ Theft

Suitable for:

• Older cars >12 years
• Second family cars
• Low mileage vehicles

3. Third Party Only (TPO)

Covers:
✔ Third-party vehicle damage or injury

Minimum legal requirement under JPJ tp drive on the road.

Popular Add-Ons Malaysian Drivers Search For

Special Perils (Flood or other natural disasters such as landslides, fallen trees, tsunami and etc)

Essential in Malaysia due to unpredictable weather.
Most insurers like Etiqa Takaful, Allianz Malaysia, Zurich Takaful, and Takaful Malaysia now make this add-on more affordable.

Windshield or Windscreen

Worth adding because Honda, Toyota and Mazda windshield replacements can exceed RM2,000. Let alone more luxurious car. Sometimes it can hikes up until RM10,000 and above.

E-Hailing Insurance

Compulsory if you drive:

• Grab
• AirAsia Ride
• InDriver
• Maxim

But here’s the real challenge: e-hailing extension premiums in Malaysia are currently “sky-high.”
Some insurers charge up to 2× your base premium, others charge 1×, and a few still offer a flat rate such as RM500 per year. However, most industry insiders expect these prices to increase in 2025 due to the rising volume of e-hailing claims, especially in urban areas.

🧾 How Car Insurance Pricing Works (2025 Update)

Premiums are now based on factors like:

• Vehicle model (example: Honda models usually higher due to repair cost)
• Car age
• Location (KL/Selangor usually higher)
• NCD (No Claim Discount – Max up to 55% savings)
• Add-ons selected
• Sum insured
• Type of insurance company (conventional vs takaful)

This is why a Honda HR-V can cost RM1,300 with one insurer but RM1,080 with another.

Comparison = savings.

Conventional vs Takaful: Which Is Better?

Conventional Insurance

Non-Shariah based. Companies include:

• Allianz Malaysia
• Kurnia Insurance
• Liberty
• Berjaya Sompo
• RHB

Takaful Insurance

Shariah-compliant and based on mutual protection. Only FOUR available takaful providers in Malaysia such as ;

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

Most takaful operators offer very competitive premiums and strong claim support.

JPJ Rules Every Driver Must Know in 2025

JPJ requires:
✔ Valid insurance certificate
✔ Valid road tax
✔ Correct vehicle details (engine number, chassis, variant)
✔ E-hailing permit (if applicable)

MetaFin automatically syncs with JPJ data to ensure your renewal is accurate.

The Most Searched Car Insurance Questions in Malaysia (2025)

1. Which is the cheapest car insurance in Malaysia?

It depends on your car model. For Honda, Etiqa and Zurich Takaful often rank cheaper. For Perodua, Allianz and Kurnia can be competitive. However, Malaysian drivers shouldn’t rely solely on the cheapest car insurance. Lower premiums often come with reduced coverage or fewer add-ons. For long-term safety and financial protection, a comprehensive policy is still the smartest choice.

2. Is BJAK reliable?

Yes, but each platform has its own business strategy. If you’ve tried their platform, you’ll know what the experience is like.

3. Is MYEG still the best?

They’re strong for JPJ services but limited for insurance comparison.

4. Is MetaFin safe?

Yes. MetaFin works directly with corporate agents tied to licensed insurers and is well-known for its transparency-first approach.

Why MetaFin has become Malaysia’s Go-To Online Platform for Car Insurance in 2025?

✔ Specialty-focused
✔ Transparent
✔ Helpful
✔ Fast-loading

✔ Lots of savings

MetaFin scores highly on all.

Final Thoughts: The Future of Car Insurance in Malaysia

With more Malaysians embracing online renewal and digital takaful, platforms like MetaFin, BJAK, and MYEG will continue to compete. But the winner will be the one that:

• Offers the best price
• Maintains transparency
• Reduces friction
• Educates users
• Supports claims properly

MetaFin is positioned strongly for 2025 because it focuses on seamless motor insurance renewal experience making it more accurate, more helpful, and more trustworthy for Malaysian drivers.