Hidden cost of driving uninsured in Malaysia

KUALA LUMPUR: Despite motor insurance being mandatory under Malaysia’s Road Transport Act 1987, many still take the risk of driving uninsured—often due to financial struggles or a lack of awareness about the consequences, says Tan Chong Insure head Joshua Yong.

"But is saving a little money today worth the devastating costs that could follow? Driving uninsured isn’t just illegal—it’s financially reckless. If you cause an accident, you’ll be liable for repair costs, medical expenses, and even lawsuits," said Yong in an article.

"Imagine being forced to pay tens of thousands of ringgit out of pocket, all because you skipped insurance? Even if you’re the victim in an accident, without insurance, you won’t receive compensation to repair your vehicle or cover medical bills. The financial burden can be overwhelming, forcing many into debt or hardship," he added.

Yong says many assume that car insurance is expensive or complicated, but the cost of skipping it is far greater.

He noted that with rising service taxes and risk-based pricing shaping Malaysia’s motor insurance industry rising service taxes and risk-based pricing shaping Malaysia’s motor insurance industry, some drivers feel discouraged. However, affordable and flexible insurance solutions do exist.

GoInsurans is addressing this gap by offering customisable and budget-friendly insurance plans that fit different financial situations.

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