Business / Company Car Insurance Malaysia
Need insurance for a car registered under your company? Find out what cover you need, who can drive the car and what to check before you buy.
Top 10 Insurtech Company Globally (2026)Can a company register a car and get car insurance?
Yes. A company can own and insure a car registered under the company, subject to the insurer's requirements. The policy should match the vehicle's registered owner and the way the car is used.
A company-registered car can generally have the same main types of motor insurance as any other car:
- Comprehensive
Covers the car against accidental damage, fire and theft, as well as third-party liabilities. See comprehensive car insurance.
- TPFT
Covers third-party liabilities, and fire and theft involving the car, but not accidental damage to it. See third-party, fire and theft insurance.
- Third-party
Basic cover for injury, death and property damage caused to other people. See third-party car insurance.
The right cover depends on the vehicle, how it is used and the insurer's requirements.
What is company car insurance?
Company car insurance is motor insurance for a vehicle that is registered and owned by a company rather than an individual.
A company may register a car under its business name and let several people use it for different purposes, depending on the policy:
- Who drives
Directors, employees, or several authorised drivers.
- What for
Company-related activities, and personal trips where the policy allows them.
The important thing is that the policy reflects the car's actual owner and permitted use.
Is company car insurance different from normal car insurance?
The main types of cover are similar, but the policyholder and driver arrangements can be different.
| Company car insurance | Individual car insurance | |
|---|---|---|
| Registered owner | Company | Individual |
| Policyholder | Company | Individual |
| Drivers | May include employees or other authorised drivers | Depends on policy |
| Personal use | May be allowed, depending on policy | Allowed |
| Business use | Depends on the policy | Depends on the policy |
| NCD | Subject to applicable insurer rules | Subject to applicable insurer rules |
The exact coverage and driver conditions vary between insurers, so check the policy before buying.
Who can drive a company-registered car?
This depends on the insurance policy. If several people use the car, check whether the policy covers all authorised drivers or only the drivers named on it.
What to check before buying
- Drivers
Who is allowed to drive, and whether employees and directors are covered.
- Age and licence
The minimum driver age and any driving licence requirements.
- Unnamed drivers
Whether an unnamed-driver excess applies.
- Personal use
Whether the car can be used for personal trips.
Don't assume everyone in the company is automatically covered just because the company owns the car.
What does company car insurance cover?
The cover depends on the type of policy you choose. With comprehensive car insurance, protection can include:
You can also choose car insurance add-ons to suit what the company needs, such as flood protection, windscreen cover, all-drivers cover or personal accident protection.
The exact benefits, exclusions and limits depend on the insurer and policy.
Can a company car be used by employees?
Yes, if the insurance policy allows it.
If employees share the company car, make sure the policy covers the way the car is actually used.
For example
If five employees regularly use the same car, check whether all five are covered, or whether the policy covers authorised drivers generally.
Also check for age restrictions, excesses or other conditions.
How much does company car insurance cost?
There is no fixed price for company car insurance.
What the premium can depend on
- The car
Its model and value.
- Owner and drivers
The company or registered owner's details, and who will drive.
- Record and location
NCD and location.
- The cover
Type of cover, selected add-ons and the insurer.
Each insurer assesses risk and prices its cover differently, so two insurers may quote different prices for the same company-registered car. Compare car insurance quotes to see the options for your vehicle.
Does a company car get NCD?
Yes. NCD depends on the policyholder, the vehicle and the insurer's rules. If the company already has an eligible NCD, check that the correct discount is reflected in the new quote.
NCD does not automatically transfer from one vehicle to another just because both belong to the same company. Any NCD transfer is subject to the insurer's rules.
You can check your NCD with the NCD checker.
How to choose company car insurance
Before buying, check these six things.
Can a company insure a second-hand car?
Yes. A company can insure a used car registered under the company, subject to the insurer's requirements.
When buying a used car, make sure the ownership details are updated correctly and that the policy matches the new registered owner.
Check the sum insured, NCD and type of cover before buying the policy. The used car insurance page goes through each of these in more detail.
What documents does a company need for car insurance?
The documents depend on the insurer and the company. You may need:
The insurer may ask for other documents too, so check the requirements before applying.
What should you check before buying company car insurance?
Go through this list before you pay.
- Company and car
Registered company name, vehicle registration details, and the policy start and expiry dates.
- Drivers
Who can drive the car, driver restrictions and personal-use conditions.
- Cover
Type of cover, sum insured and policy exclusions.
- Cost
NCD and excess.
- Add-ons
Flood protection, windscreen protection and any other add-ons.
Make sure all the information you give the insurer is accurate.
Company car insurance FAQs
Yes. A company can insure a car registered under the company, subject to the insurer's requirements.
Yes. A company can own and register a car, subject to the applicable registration requirements. The insurance policy should match the registered owner.
They can if the insurance policy allows them to drive the vehicle. Check the driver conditions before letting employees use the car.
Yes, if the policy allows it. Check whether directors are covered and whether any driver restrictions apply.
It depends on the policy. If directors or employees can use the car for personal trips, make sure personal use is allowed under the policy.
There is no fixed price. The premium depends on factors such as the car, its value, driver arrangements, location, NCD, coverage and insurer.
An eligible company vehicle may have NCD, subject to the insurer's rules and the company's insurance history.
Yes. You can start on the BJAK car insurance quote page and check the options for a company-registered vehicle.