Buy Now Pay Later (BNPL) for Car Insurance – Worth It or Not?

Thinking of renewing your car insurance but tight on budget this month? Don’t worry — now you can use BNPL (Buy Now, Pay Later) to split your payment into instalments without interest. But is it really worth it?

What Is BNPL?

BNPL is a short-term instalment plan, usually over 3 months, where you pay only 1/3 upfront, and the rest over the next two months.

Platforms like Bjak offer BNPL through providers such as Atome, enabling you to renew insurance or road tax in zero-interest instalments.

Advantages of Using BNPL for Insurance Purchase
Low Upfront Payment
Example: Insurance RM900 → Pay only RM300 first.
0% Interest
Atome via Bjak offers zero-interest, with no hidden fees
No Credit Card Needed
BNPL works with debit cards — great for those without a credit card.
Instant Protection

Short Tenure
Only 3 months — not ideal if you need longer instalment plans.
Late Fees Risk
Missed payments may lead to penalties and affect your financial record.
Added Monthly Commitment

Conclusion: When Is BNPL Worth It?

BNPL is worth it if you:

Need insurance immediately but have limited budget now.
Don’t have a credit card.
Want to avoid interest and hidden fees.

BNPL is NOT worth it if you:

Want a longer instalment period (6–12 months).
May struggle with on-time payments.
Already have a credit card with flexible EPP options.

If you feel that the purchase amount is too burdensome and you don’t have a credit card, you can try the BNPL (Buy Now, Pay Later) installment method available on the Bjak website to help with your insurance purchase.

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