Third Party Insurance Price Malaysia – What You Need to Know

Looking for the best third party insurance price Malaysia has to offer? You’re not alone. Many Malaysian car owners, especially those with older vehicles, prefer third party insurance for its lower cost and basic protection.

But how much does it really cost in 2025? What affects the pricing? And is it worth it compared to comprehensive insurance?

This guide breaks it all down for you.

What is Third Party Car Insurance?

Third party insurance is the most basic type of car insurance required by law in Malaysia. It only covers damage or injury caused to other people or their property—not your own vehicle.

🔒 It covers:

• Injury or death to a third party
• Damage to another person’s vehicle or property

🚫 It does NOT cover:

• Your own car’s damages
• Theft or fire of your own car
• Injuries to yourself

That’s why it’s cheaper than comprehensive plans—but it also offers limited protection.

Third Party Insurance Price Malaysia – Estimated Rates

The price of third party insurance in Malaysia depends on several factors, but here’s a general overview:

📝 Factors that affect pricing:

• Vehicle engine capacity (cc)
• Age of the vehicle
• No-Claim Discount (NCD)
• Location (West or East Malaysia)
• Insurance provider rates

How to Get the Best Price?

To get the best third party insurance price in Malaysia, follow these tips:

1. Use your NCD wisely – If you haven’t made a claim in years, your No Claim Discount can reduce your premium by up to 55%.
2. Compare insurers – Use comparison platforms or check several insurers directly.
3. Avoid unnecessary add-ons – Third-party insurance is meant to be basic. Don’t overpay for extras you don’t need.

Third Party vs Comprehensive – Which Should You Choose?

Third party insurance is best if:
✅ Your car is old or low market value
✅ You want to fulfill JPJ requirements only
✅ You’re looking for the cheapest legal option

Where to Buy Third Party Insurance in Malaysia?

You can buy it from:

• Insurance agents (like Takaful Malaysia, Etiqa, Allianz, MSIG)
• Online platforms like MyEG, PolicyStreet, or Bjak
• Some road tax renewals at Pos Malaysia offer insurance options too

Final Thoughts

The third party insurance price Malaysia drivers pay is among the lowest in the region—but it comes with trade-offs. Make sure you’re not sacrificing essential protection just to save money.

💡 Rule of thumb:
If your car is more than 7 years old and not on loan, third party insurance is a smart choice. For newer cars, consider comprehensive coverage.