EV Insurance Calculator Malaysia
Your EV value. Your NCD. Your estimated premium.How it worksEnter your EV value and NCD, then get an estimate. Actual quotes vary by insurer.
Get your estimate
What affects your premium?
Your EV value and NCD are the starting point. Insurers also consider your car, driving profile and cover.The starting point
Used in this calculator
Your EV's value
Higher insured value can mean a higher premium. Use your EV’s current market value.Used in this calculator
Your NCD
More claim-free years means a bigger discount.Insurers also consider
Your EV itself
Make, model, age and repair costs affect your premium.Your driver profile
Your age, driving record and past claims can affect the price.Your coverage
Add-ons such as flood protection, windscreen cover and EV-specific protection increase what your policy covers and may increase the premium.What makes EV cover different?
The core cover is similar to petrol-car insurance. Check the EV extras: batteries, charging equipment and roadside help. Benefits vary by policy.Standard comprehensive cover
- Accident damage
- Fire and theft
- Third-party liability
- Own vehicle damage
EV-specific cover to check
- Home wall charger
- Portable charging cable
- Charging-related liability
- Out-of-charge towing
- Public charging incidents
- Battery flood protection
Check before you buy
Check what is covered, what costs extra and the claim limits.Battery + flood cover
Don't assume flood damage is included. Standard motor policies generally exclude natural perils such as flood unless additional coverage is purchased. Some EV-specific extensions can also cover battery damage caused by water ingress from insured events.Home charger
Check whether your policy includes home charger cover. It may need a separate EV package.Charging cable
Portable charging cables can have separate protection limits.Out-of-charge help
Check towing destinations, limits and whether mobile charging is included.EV repair network
Check that the insurer’s workshops can repair your EV.
Your NCD still counts
EVs use the same private-car NCD scale: up to 55% after five or more claim-free years, subject to policy rules.| Claim Free Year of Insurance | NCD Entitlement |
|---|---|
| No claim free year yet | 0% |
| After 1 continuous claim free year | 25% |
| After 2 continuous claim free years | 30% |
| After 3 continuous claim free years | 38.33% |
| After 4 continuous claim free years | 45% |
| After 5 continuous claim free year and beyond | 55% (maximum) |
Compare EV benefits
Compare cover and limits. Confirm the latest terms in each insurer’s Product Disclosure Sheet (PDS).| Benefit | Allianz EV Shield | Zurich EV Protect | MSIG EV Plus | Liberty EV 365 Care |
|---|---|---|---|---|
| Home wall charger | Up to RM15,000 | Up to RM15,000 | Up to RM20,000 | Up to RM12,000 |
| Portable charging cable | Up to RM2,000 | Up to RM2,000 | Up to RM5,000 | Up to RM2,000 |
| Charger liability | Up to RM50,000 | Up to RM50,000 | Up to RM50,000 | Up to RM50,000 |
| Public charging incident | Up to RM5,000 | Up to RM20,000 | Up to RM5,000 | Up to RM5,000 |
| Out-of-charge assistance | Yes | Towing subject to policy limits | Check policy | BEV towing included |
| EV battery flood extension | Check policy | Optional | Check policy | Check policy |
Does EV insurance cover the battery?
It depends on what damaged it.| What damaged the battery | Covered? | What to do |
|---|---|---|
Accident, fire or theftBattery damage may be covered as part of your insured vehicle, subject to your comprehensive policy. | Usually covered | Check your comprehensive policy terms. |
Wear or battery degradationGenerally not covered by motor insurance. | Not covered | Check your car's battery warranty instead. |
Mechanical or electrical failureGenerally excluded unless your policy specifically says otherwise. | Generally excluded | Look for an explicit clause in your policy. |
FloodUsually requires Special Perils or another relevant extension. | Needs an add-on | Add Special Perils or an EV flood extension. |
How much is EV insurance in Malaysia?
There is no fixed price. Your EV, sum insured, NCD, driver profile and insurer all affect the premium.
Example premium
Allianz’s HIP EV Protection PDS illustrates RM3,818.15 a year for RM149,000 sum insured and 0% NCD. This is a product example, not a market average.Ways to lower your premium
Keep your NCD
Five claim-free years can bring private-car NCD to 55%, subject to the applicable policy rules.Insure your EV at the right value
Do not lower your sum insured just to reduce the premium. Under-insurance can reduce what you receive when you claim.Compare insurers
Each insurer prices risk differently, so compare before renewing.Only pay for add-ons you need
Choose EV charger, flood, windscreen and other protection based on how you use and charge your EV.Consider your excess
Some insurers may offer a lower premium when you agree to a higher voluntary excess.
EV insurance vs EV road tax
Road tax is calculated by motor power (kW). Insurers price cover based on your vehicle and risk profile.| EV insurance | EV roadtax calculator | |
|---|---|---|
| Price set by | Individual insurers | JPJ |
| Main factors | EV value, NCD, risk profile, cover | Motor power (kW) |
| Same price everywhere? | No | Government rate |
| Can you compare prices? | Yes | No |
| Calculator result | Estimate | Rate calculation |
EV insurance FAQ
Insurers consider your EV’s value, model, NCD, driver profile, claims and cover. There is no single formula.
Road tax uses motor power directly. Insurance considers broader vehicle and driver risks.
Insured accidents, fire or theft may be covered, subject to your policy. Wear, degradation and mechanical or electrical failure are generally excluded. Flood usually needs extra cover.
Not automatically. Several Malaysian insurers offer EV packages that specifically cover wall chargers.
Yes. Private-car NCD can reach 55% after five or more claim-free years, subject to the applicable policy rules.
Not necessarily. Compare quotes for your EV: value, repair costs, driver profile and insurer all affect the price.
Not always. Comprehensive policies can cover EVs. Check whether chargers, cables, charging liability and out-of-charge help need an EV package or add-on.
How we estimate
BJAK estimates your premium using EV value, cover type, location and NCD. No insurer submission or vehicle or identity lookup is made.The calculator adapts a general car insurance formula. It maps EV value to an engine-capacity band as a proxy. This is not a verified EV-specific model, so actual quotes may differ significantly.Insurers set their own comprehensive and third-party fire and theft premiums. Quotes vary by insurer.NCD follows the Motor Tariff scale.Benefit limits and the example premium come from insurer Product Disclosure Sheets. Check the current PDS before buying.
- Last reviewed:
Sources
- 1Bank Negara Malaysia — Liberalisation of Motor Insurance
- 2Bank Negara Malaysia — Motor Insurance and Takaful FAQ
- 3PIAM — How to compare car insurance in Malaysia
- 4Allianz EV Shield Product Disclosure Sheet
- 5Zurich Z-Driver EV Protect Product Disclosure Sheet
- 6MSIG EV Plus Product Disclosure Sheet
- 7Liberty EV 365 Care Product Disclosure Sheet
More tools for EV owners
EV road tax calculatorCheck your 2026 EV road tax by motor power (kW).Calculate EV road taxNCD checkerLook up your No-Claim Discount entitlement.Check my NCDCar insurance calculatorEstimate a premium for a petrol or hybrid car instead.Estimate car insuranceEV car insurance guideRead the full guide to insuring an EV in Malaysia.Read the guide