Best Car Insurance for New Car Malaysia 2026
Just bought a new car? Get genuine parts guarantee, return-to-invoice protection, and the right comprehensive cover from day one.
Quick Answer
Best overall for new car: Zurich — genuine parts as standard + return-to-invoice add-on. Best roadside peace of mind: Allianz — Road Rangers 24/7. Best budget: Etiqa — 10–20% cheaper, good for Perodua/Proton.
Top Car Insurance for New Cars — Ranked
Genuine (OEM) parts guaranteed as standard — your new car won't get repaired with aftermarket parts. Return-to-invoice add-on lets you insure for the full purchase price, not just depreciated market value.
Best for: Any new car under 3 years old
Full review →Road Rangers 24/7 — if your new car breaks down or gets into an accident, a team responds within 60 minutes. 1,000+ panel workshops. EV Shield for electric vehicles.
Best for: New car owners who want emergency peace of mind
Full review →10–20% cheaper than Zurich or Allianz for the same coverage. Digital claims approved within 24 hours. Good option if your car is Perodua or Proton where parts are already standardised and affordable.
Best for: Budget-conscious new car owners (Perodua/Proton models)
Full review →Must-Have Add-Ons for New Car Insurance
Standard comprehensive covers the basics. These add-ons are essential for new car owners.
Return-to-Invoice
Must-have for new carsInsures your car for full purchase price — not depreciated value. If total loss in year 1, you recover what you paid, not RM10,000 less.
Genuine Parts Guarantee
Very importantForces workshop to use OEM parts — not cheaper aftermarket replacements. Zurich includes this as standard; others may charge extra.
Windscreen Cover
RecommendedCracks and chips repaired without claiming from main policy (NCD preserved). New cars get chips quickly on Malaysian roads.
NCD Protection
Worth consideringProtects your NCD for one claim per year. Start building NCD from day one — 55% discount after 5 claim-free years.
Special Perils (Flood)
RecommendedCovers flood, landslide, storm damage — not included in standard comprehensive. Essential in flood-prone areas (PJ, Shah Alam, JB).
FAQ — New Car Insurance Malaysia
What car insurance do I need for a new car in Malaysia?
Always buy comprehensive insurance for a new car — never third party only. Your new car has high market value and any accident without comprehensive cover means you bear the full repair cost. Look for genuine parts guarantee and return-to-invoice as add-ons.
Should I get agreed value or market value for a new car?
For a brand-new car, return-to-invoice (RTI) is better than agreed value — it covers the full purchase price in case of total loss in the first 1–3 years. After year 3, agreed value at the current market price becomes more relevant.
What is return-to-invoice car insurance Malaysia?
Return-to-invoice (RTI) is an add-on that insures your car for the full original purchase price (invoice amount) instead of the depreciated market value. Example: you bought a Proton X50 for RM100,000. After 1 year it depreciates to RM85,000. If total loss, RTI pays RM100,000 — not RM85,000. Zurich offers this add-on.
Is Zurich or Allianz better for a new car?
Zurich for genuine parts guarantee + return-to-invoice — best protection for the car's value and quality of repairs. Allianz for Road Rangers 24/7 roadside assistance — best for peace of mind as a new driver. Both are excellent. Compare prices on Bjak and choose based on your priority.
How much is insurance for a new Perodua Myvi?
A new Perodua Myvi 1.3 (2024/2025, 0% NCD, first year) comprehensive insurance costs approximately RM900–1,100/year. After 5 claim-free years with 55% NCD, this drops to RM400–500/year. Use Bjak.my for exact quote.
