Introduction
Many drivers in Malaysia often wonder why their insurance premium differs even for the same vehicle and coverage. Premiums are influenced not only by the vehicle’s market value but also by factors like driver age, vehicle type, and location. Using a car insurance calculator like BJAK’s, you can get an accurate estimate in minutes.
1. Driver Age & Its Effect on Premium
Age plays a key role in determining insurance costs:
- Under 25 years: Higher premium due to higher perceived risk
- 25–40 years: Stable rate, usually the cheapest
- Over 50 years: Slightly higher again due to reaction time and health factors
BJAK’s calculator factors in historical claim statistics for each age group to determine risk.
2. Vehicle Type & Risk Level
| Vehicle Type | Notes & Premium Impact |
| Small cars (<1.3L) | Lower premium, cheaper repair costs |
| Sedan (1.5–2.0L) | Moderate premium, medium risk |
| SUV / Luxury | Higher premium, expensive parts |
| EV / Hybrid | Can be lower if incentives apply |
3. Coverage Type Chosen
Your choice of coverage also affects the final premium:
- Comprehensive: Full protection — most expensive but complete
- 3rd Party, Fire & Theft: Medium-level coverage
- 3rd Party Only: Basic coverage — cheapest
With BJAK’s calculator, you can compare all coverage types at once, including NCD discounts and add-ons like windscreen or flood coverage.
4. How to Use BJAK’s Insurance Calculator
Simple steps to check premiums:
- Enter your registration number & IC
- Select coverage type
- The system displays quotes from insurers like Allianz, Liberty Takaful Malaysia, and Takaful Ikhlas
Results appear in under a minute — no long forms or manual comparisons needed.
Conclusion
Driver age, vehicle type, and coverage choice all influence insurance premiums. With BJAK’s insurance calculator, you can check and compare quotes from over 20 insurers in one platform — fast, accurate, and transparent.
Read More:
Guide to Calculating NCD Insurance Malaysia: Save Up to 55%!
