There are more than a dozen insurance brands available in the market today, which makes choosing an ideal plan for your motorcycle difficult. Comparing plans and selecting the ones with the most value is a long process.
But worry not as we unveil the top five motorcycle insurance brands to consider in 2023. This guide offers a quick overview of the best-selling motorcycle coverage options from top brands. Read on to find out what they are and how they differ.
Allianz
Allianz offers two types of insurance plans for motorcycle owners. They are Motorcycle Plus Comprehensive and Motorcycle Third-Party.
Motorcycle Plus Comprehensive offers the following benefit to policyholders:
- Loss/damage to own vehicle due to accident, fire /theft
- Third-party bodily injury and death
- Third-party property loss or damage
- Full sum insured protection for special perils (for motorcycles of 250cc and below only)
- Road accident cover of RM10,000 each for rider and pillion upon death or permanent disability (for motorcycles of 250cc and below only)*
- Hospital income cover of RM100 per day up to 60 days each for the rider and pillion (for motorcycles of 250cc and below only)*
- Roadside assistance (up to 50km, roundtrip) (for motorcycles of 250cc and below only)*
*Only applicable where the registered owner of the motorcycle is a person and not a corporate body.
You can also purchase the following optional benefits by paying additional premiums:
- SRCC
- Legal Liability to Pillion
- Extension to Thailand and Kalimantan
Motorcycle Third-Party insurance offers these benefits to policyholders:
- Loss/damage to own vehicle due to accident, fire /theft
- Third-party bodily injury and death
- Third-party property loss or damage
- Road accident cover of RM10,000 each for rider and pillion upon death or permanent disability (for motorcycles of 250cc and below only)*
- Hospital income cover of RM100 per day up to 60 days each for the rider and pillion (for motorcycles of 250cc and below only)*
For this plan, two optional benefits can be purchased with additional premiums:
- Legal Liability to Pillion
- Extension to Thailand and Kalimantan
Etiqa
Etiqa’s motorcycle plans are designed to cater to all bike owners in Malaysia. The coverage options of both plans are similar but vary in terms of concept.
Motorcycle Takaful is a comprehensive Shariah-compliant plan for loss, theft or damage to your motorcycle. It covers:
- Loss or damage to your bike due to accidental fire, theft or accident;
- Third-party bodily injury or death; and
- Third-party property loss or damage.
Optional benefits that can be purchased by paying additional premiums:
- All riders’ coverage
- Special perils coverage for flood and landslide
- Protection against strikes, riots and civil commotion
Motorcycle Insurance is a comprehensive insurance plan for loss, theft or damage to your motorcycle. It also covers the following incidents:
- Loss or damage to your bike due to accidental fire, theft or accident
- Third-party bodily injury or death
- Third-party property loss or damage
Optional benefits that can be purchased by paying additional premiums:
- All riders’ coverage
- Special perils coverage for flood and landslide
- Protection against strikes, riots and civil commotion
*On top of these benefits, there’s an additional 10% rebate for both policies when the renewal is made online.
Zurich
Zurich Motor Insurance has two unique plans for motorbikes. Z-Rider Enhanced Motorcycle covers private motorcycles against liabilities to other parties for injuries or death, damage to other parties’ property and accidental or fire damage or theft to your bike
Optional benefits available for additional premiums:
- Damage arising from flood and landslide
- Damage arising from strikes, riots and civil commotion
- Personal Accident Basic
On the other hand, Zurich’s CyclePAC insurance provides compensation for the disability and death of motorcyclists caused by violent, accidental, external and visible events.
The coverage options and sum insured offered are summarised in the table below:
Takaful Malaysia
Takaful Malaysia is a famous brand among many motorcyclists. The Takaful myMotor Motorcycle plan offers comprehensive coverage for private motorcycles, including losses or damages due to accidents, fire, or theft, as well as liability to a third party for death, bodily injury, or property losses or damages.
The key benefits of this plan include:
- All authorised riders’ coverage – All authorised riders of the policyholder’s motorcycle are protected
- Third Party, Fire and Theft Cover benefits – Provided for death or body injury against liabilities to 3rd party and damages to 3rd party’s vehicles or property caused by your vehicle
- Cashback – For no claims within the coverage period
- 24/7 roadside assistance program – Complimentary breakdown towing of up to 30km
Meanwhile, the Takaful myClick Motorcycle plan covers motorcycles against losses or damages due to accident, fire or theft and liability to a third party for death or bodily injury and property losses or damages.
To be eligible for this plan, private motorcycles must be less than 16 years old with a cubic capacity not exceeding 225cc.
The key benefits of this plan include:
- Covers all authorised riders under the policy
- 24/7 roadside assistance program for accidental breakdowns
- Cashback for no claims within the coverage period
- Instant 10% rebate upon signing up
- Free towing up to 30km for breakdowns
Both myMotor Motorcycle and myClick Motorcycle plans are eligible for four optional add-on coverage with additional contributions:
- Bike PA Plus
- Inclusion of Special Perils
- Legal Liability to Pillion
- Strike, Riot & Civil Commotion
Kurnia
Like other brands on this list, Kurnia also offers two plans for bike owners. They are Private Motor Comprehensive and motorcycle365 Comprehensive Plus.
Private Motor Comprehensive provides the widest coverage for motorcycles for liabilities to third parties for bodily injuries, death and property loss/damage. It also covers loss/damage to own vehicle due to accidental fire, theft and accident. For an additional premium, Kurnia also offers all riders coverage to eligible policyholders.
Key benefits:
24-hour free auto assistance – Jumpstart, battery change or flat tyre replacement and free towing up to 50km (West Malaysia / 30km (East Malaysia)
Kurnia Express – Get claims immediately in cash with Kurnia Express
Free SMS service – Receive renewal reminders, claims notifications and answers to NCD enquiries
24-hour support – Contact Kurnia Auto Assist at 1800-88-3833 at any time of the day for assistance
motorcycle365 Comprehensive Plus provides coverage for motorcycles for the following incidents:
- Loss or damage to own vehicle due to fire, theft or accident
- Liability to third-party for bodily injuries, death and property loss or damage
- Personal accident for the policyholder, authorised rider and pillion rider
- Double indemnity during national public holidays in Malaysia for policyholder death or permanent disablement
- Hospital income for the policyholder and authorised rider
- Ambulance fees for the policyholder only
For an additional premium, eligible policyholders can also add on all riders’ coverage.
Motorcycle insurance brands in M’sia
Choosing an ideal motorcycle insurance plan can be challenging. But, with online platforms like Bjak, the process is much faster and simpler.
Bjak now has 18 insurance brands, including the ones mentioned above, to compare at your convenience. Visit bjak.my for more details and secure your ideal plan for as low as RM200.
Bjak is one of Malaysia’s biggest insurance comparison websites, offering policies from over 10 brands. Get your free insurance quote from Bjak today!
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