Why comparing car insurance matters

The Bjak digital motor insurance platform shows different insurance premiums, helping motorists compare their options and choose wisely. Following detariffication, car insurance premiums can vary, while Bjak allows users compare quotes from up to 16 insurers and takaful operators.

KUALA LUMPUR: Malaysian motorists are being encouraged to look beyond price when comparing car insurance, as different insurers may assess risk differently and offer different premiums, coverage and benefits for the same vehicle.

Car insurance comparison is the process of reviewing premiums, coverage and policy terms from different insurers before choosing or renewing a policy. While price remains an important consideration, motorists should also understand the protection included in their car insurance policy.

The General Insurance Association of Malaysia (PIAM) highlighted the importance of comparison in its September 2026 guide on comparing car insurance. The guide encourages motorists to explore and compare motor insurance options according to their driving habits, vehicle age and budget.

The differences in car insurance pricing reflect Malaysia's liberalised motor insurance market. Since July 1, 2017, Bank Negara has allowed individual insurers and takaful operators to determine premiums for comprehensive and third-party, fire and theft motor insurance using broader risk factors.

Under this framework, insurers can assess risk differently when determining car insurance premiums. This means motorists should not assume that automatically renewing the same policy will provide the most suitable price or protection available to them.

Under risk-based pricing, different insurers may offer different car insurance premiums for the same driver and vehicle because each insurer applies its own assessment of risk.

However, the premium is only one part of the comparison.

PIAM advises motorists to consider the type of coverage required and whether the vehicle is insured at market value or agreed value. Other considerations include Special Perils protection, approved repairer networks and appropriate e-hailing coverage where applicable.

Motorists should also review their No Claim Discount (NCD), sum insured, excess, exclusions, windscreen protection and other optional benefits. These factors can affect both the cost of car insurance and the level of protection provided.

Two car insurance policies with different premiums therefore may not necessarily provide the same protection. A lower premium should be considered alongside what is covered, what is excluded and the benefits included in the policy.

With this in mind, digital motor insurance platform Bjak Sdn Bhd builds technology to make essential services simpler and more accessible, while helping motorists compare insurance options and make more informed decisions based on their needs.

"Car insurance comparison should not be about choosing the cheapest option alone,” said Bjak chief executive officer Ronald Lim.

“When insurers assess risks differently and policies offer different levels of protection, motorists should be able to see those differences clearly before deciding what works for them.”

Comparison becomes particularly relevant at renewal because a vehicle's value, a motorist's circumstances and the car insurance options available may change over time.

A policy selected previously should therefore not automatically be assumed to remain the most suitable option at the next renewal.

Digital comparison platforms have made it easier for motorists to review different car insurance options without approaching individual providers separately.

Through Bjak, motorists can compare car insurance quotes from up to 16 insurers and takaful operators, allowing them to review available premiums, coverage and optional benefits in one place before making a decision.

As Malaysia continues to operate under a liberalised, risk-based motor insurance pricing environment, comparison gives motorists a clearer view of the options available to them.

For motorists approaching their next renewal, the principle is straightforward: compare car insurance based on both price and protection before renewing. For more information, visit Bjak’s car insurance comparison page and PIAM’s guide on comparing car insurance.

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Bjak数字汽车保险平台展示不同的保险费率，帮助车主比较各种方案并做出明智的选择。在取消统一费率后，汽车保险费率可能有所不同，而Bjak允许用户比较多达16家保险公司和伊斯兰保险公司的报价。

吉隆坡：马来西亚车主在比较汽车保险时，不应只关注价格，因为不同的保险公司对风险的评估可能不同，对同一辆车的保费、承保范围和福利也可能不同。

汽车保险比价是指在选择或续保之前，对不同保险公司的保费、承保范围和保单条款进行比较的过程。虽然价格仍然是重要的考虑因素，但车主也应该了解其汽车保险保单所包含的保障范围。

马来西亚普通保险协会 (PIAM) 在其 2026 年 9 月发布的汽车保险比较指南中强调了比较的重要性。该指南鼓励车主根据自己的驾驶习惯、车辆车龄和预算，探索并比较不同的汽车保险方案。

马来西亚汽车保险价格的差异反映了其汽车保险市场的自由化。自2017年7月1日起，马来西亚国家银行允许各保险公司和伊斯兰保险公司使用更广泛的风险因素来确定综合险、第三方责任险、火灾险和盗窃险的保费。

在此框架下，保险公司在确定汽车保险保费时可以采用不同的风险评估方法。这意味着车主不应想当然地认为自动续保同一份保单就能获得最合适的价格或保障。

在基于风险的定价模式下，不同的保险公司可能会对同一驾驶员和车辆提供不同的汽车保险保费，因为每家保险公司都会应用自己的风险评估。

然而，溢价只是比较的一个方面。

PIAM建议车主考虑所需的保险类型，以及车辆是按市场价值还是约定价值投保。其他需要考虑的因素包括特殊风险保障、认可的维修网络以及适用的网约车保险。

车主还应仔细查看其无索赔折扣 (NCD)、保险金额、免赔额、除外责任、挡风玻璃保护和其他可选附加险。这些因素都会影响汽车保险的费用和保障水平。

因此，保费不同的两份汽车保险保单未必能提供相同的保障。在考虑保费低低的同时，还应仔细权衡保单的承保范围、除外责任以及包含的各项权益。

基于此，数字汽车保险平台 Bjak Sdn Bhd 致力于开发技术，使基本服务更简单、更易获取，同时帮助车主比较保险选项，并根据自身需求做出更明智的决定。

“汽车保险比较不应该仅仅以选择最便宜的方案为准，”Bjak 首席执行官 Ronald Lim 表示。

“当保险公司对风险的评估方式不同，保单提供的保障水平也不同时，车主在决定哪种方案适合自己之前，应该能够清楚地看到这些差异。”

在续保时，比较就显得尤为重要，因为车辆的价值、驾驶员的情况以及可用的汽车保险选项可能会随着时间而改变。

因此，不应自动认为之前选择的政策在下次续保时仍然是最合适的选择。

数字比价平台让车主更容易查看不同的汽车保险方案，而无需分别联系各个保险公司。

通过 Bjak，车主可以比较多达 16 家保险公司和伊斯兰保险公司的汽车保险报价，从而在一个地方查看可用的保费、承保范围和可选福利，然后再做决定。

由于马来西亚继续实行自由化、基于风险的汽车保险定价环境，比较可以让车主更清楚地了解他们可选择的方案。

对于即将续保的车主来说，原则很简单：续保前，务必根据价格和保障范围比较不同的汽车保险。更多信息，请访问Bjak的汽车保险比较页面和PIAM的汽车保险比较指南。

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