If you're looking at your car expenses, feeling the pinch in 2025, and wondering what can possibly be done to lower your car insurance premiums that are in the thousands now—hey, you're in the right place!
(And NO, we don't mean 55% NCD or removing coverage to save money. You already know that!)
So here are 3 lesser-known but incredibly practical ways to cut down on your premiums while keeping the coverage you need.
1. Opt for Usage-Based Insurance
If you have a car that you don’t drive much, look into usage-based or mileage-based insurance.
In Malaysia, this is not common yet.
But, insurance companies who do offer this include Berjaya Sompo, Chubb, MSIG, Pacific & Orient, and RHB Insurance.
These plans base your premium on prescribed mileage tiers.
For instance, tier 1 could be 5,000km, tier 2 be 10,000km and tier 3 be 15,000km. The lower the tier the cheaper the premiums.
If you exceed a tier you'd just top up for the next tier.
This method can actually lead to big savings for low-mileage drivers.
From my personal experience making and comparing 16 car insurers for clients, this typically gives a 40% to 50% reduction, potentially saving you a few thousand Ringgit.
Works for:
- A weekend car
- A car for an elderly in the family
- You're leaving country for a while
- A car you don't drive much for some other reason
2. Transfer your NCD
A 55% discount from your NCD is significant, especially for luxury cars.
Car retailers often advise that when acquiring a car—whether it's brand new or secondhand—you can transfer the NCD from another car you own to your new purchase.
Additionally, even when you're not making a purchase, if you own a collection of both affordable AND high-value cars, there are potentially great savings to be had by transferring your NCD to the vehicle with the highest car insurance premiums.
Need help with any of this? Contact +6018-380 9788 and we'd be happy to assist.
Works for:
- Car collectors, car enthusiasts
- Families with young adults
- Commercial fleet owners
3. Shop around and compare quotes, every single year!
Insurers don’t price their policies the same way.
As a result, the premium for the exact same coverage can vary widely between insurance companies.
They also change the way they price their policies all the time. Here's an interesting fact: If an insurer faced more than a usual number of claims from Tesla owners last year, they might increase premiums for all Teslas this year.
Each insurer uses its own formula to calculate premiums and adjusts it regularly.
So take the time to compare quotes from multiple providers. Or better yet, let a licensed financial planner do the heavy lifting for you.
We compare 16 insurers and handpick the top 3 recommendations tailored to your needs.
Our clients save up to RM3,000 per renewal—why not you too?
Works for:
- Every car owner
Final Thoughts
Saving on your car insurance premium in 2025 is all about being proactive and staying informed. Whether it’s comparing quotes, transferring your NCD, or choosing the right cost-saving option, every small step can add up to big savings.
Ready to start saving? Reach out to us today via this WhatsApp form, and let’s make your next renewal stress-free and wallet-friendly.
We also provide
- Fast, reliable service you can count on
- Annual renewal reminders—no fines, no duit kopi, no wasted time
- Expert claims support when you need it most