Are you in the market for the cheapest insurance for your Perodua Myvi 2018? Finding affordable yet comprehensive insurance for your Myvi is easier than you think. We’ve detailed the best options for your 2018 4D Hatchback Myvi with a 1496 cc engine, ensuring your coverage is top-notch and wallet-friendly.

Understanding Your Perodua Myvi’s Insurance Needs

The Perodua Myvi, particularly the 2018 model, is a favorite among drivers for its compact design and efficiency. This 4D Hatchback stands out in its class for its comfortable interior, reliable performance, and low maintenance costs, making it a popular choice in Malaysia. With a 1495.0 cc engine capacity, it strikes a balance between power and fuel economy, ideal for both city driving and longer commutes.

When considering insurance for your Myvi, it’s important to remember that this model’s features influence the insurance premium. The robust safety features of the Myvi, including dual airbags, anti-lock braking system (ABS), and Electronic Brakeforce Distribution (EBD), contribute positively by potentially lowering insurance costs due to enhanced safety ratings. Furthermore, the Myvi’s popularity and the availability of spare parts may also impact insurance premiums, often resulting in more competitive rates due to lower repair costs.

Is your renewal coming up? You have the opportunity to reassess your insurance needs. Consider comprehensive coverage that not only protects against accidents and theft but also considers the specific attributes of your Myvi. Whether it’s the vehicle’s age, your driving history, or the car’s safety features, each factor plays a crucial role in determining the best insurance policy for you.

In addition to the basic coverage, it’s wise to explore add-ons that can provide extra protection and peace of mind. Options like windshield coverage, flood protection, and additional personal accident coverage can be invaluable, especially considering the unpredictable weather and road conditions.

In summary, your Perodua Myvi, with its unique blend of efficiency, safety, and reliability, deserves insurance that’s just as dependable and cost-effective. As you explore options, keep in mind the specific characteristics of your vehicle and how they interact with the various insurance offerings available.

Comparing Insurance Prices and Coverage

We’ve researched various insurance providers to bring you the best deals for your Myvi. Here’s a quick comparison:

CompanyLiberty InsuranceIkhlas InsuranceGenerali InsuranceZurich InsuranceZurich TakafulRHB Insurance
LogoTakaful Ikhlas
Sum InsuredRM33,500.00RM34,100.00RM27,000.00RM33,500.00RM33,500.00RM33,500.00
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Making the Right Choice

While finding the cheapest insurance for your Perodua Myvi is important, there are several other critical factors to consider when selecting an insurer. It’s essential to look beyond the price and evaluate the overall value and reliability of the coverage offered. Here are key aspects to keep in mind:

  1. Customer Service and Support: Evaluate the insurer’s reputation for customer service. Quick and empathetic responses during claims processing are crucial. Look for reviews or ask for recommendations to gauge an insurer’s customer support quality.
  2. Claim Settlement Ratio: Investigate the insurer’s claim settlement ratio, which indicates the proportion of claims settled by the insurer. A higher ratio suggests a more reliable and efficient claims process.
  3. Coverage Details: Analyze what the insurance policy covers. Some policies might offer lower premiums but have significant coverage limitations. Ensure that the policy covers common risks like accidents, theft, and natural disasters. Pay special attention to exclusions and conditions where the policy may not provide coverage.
  4. Add-on Covers: Check for the availability of add-on covers that might be beneficial for your Myvi. Options like zero depreciation cover, engine protection, roadside assistance, and return to invoice can add significant value to your policy.
  5. Network Garages: Look into the network of garages the insurer partners with. A wide network of cashless garages ensures easy and hassle-free repairs in case of damage to your vehicle.
  6. Renewal Process and No-Claim Discount (NCD): A seamless renewal process is an added advantage. Also, check for a No-Claim Discount, which is a discount offered on the premium for every claim-free year. It can significantly reduce your premium over time.
  7. Online Reviews and Ratings: Explore online forums, social media, and review platforms to see what current customers say about their experiences with the insurer. This real-world feedback can be invaluable. Check out iBanding’s Malaysian Motor Insurance Award Winner in 2021/2022 to find out who is the best

Next Steps

Once you’ve decided on the right insurer for your Perodua Myvi, reach out to them to get more detailed information and finalize your policy. Ensure you have all your vehicle details handy for a smoother process.


Securing the right insurance for your Perodua Myvi 2018 doesn’t have to be complicated or expensive. By comparing options and considering your specific needs, you can find a policy that offers great coverage at an affordable price. Remember, the cheapest option isn’t always the best, so weigh all factors before making your decision. Safe driving and happy insuring!