Best EV Insurance in Malaysia 2026 - Compare Top 5 Brands
Discover Malaysia’s best EV insurance in 2025 – compare top 5 plans from Allianz, MSIG, Liberty, Etiqa and Tokio Marine. Find coverage for EV battery, charger, towing & more.
EVs aren’t quite like petrol cars – their batteries, charging systems, and electronics are expensive to repair.
That’s why specialized EV insurance is crucial.
Unlike conventional motor policies, EV insurance includes:
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Battery & high-voltage system coverage
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Home charger / wall box protection
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Portable charging cable coverage
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“Out-of-charge” towing assistance
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Liability coverage for charging-related accidents
To help you choose confidently, here’s our updated list of Top 5 EV Insurance Plans in Malaysia for 2025 
🥇 1. Allianz EV Shield – Best Overall EV Coverage
Website: Allianz EV Shield
Allianz is Malaysia’s early mover in the EV insurance space.
Its EV Shield comes at no extra cost when you purchase a Comprehensive Private Car policy for eligible EVs.
🔋 Key Benefits
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Coverage for home wall charger (up to RM 15,000)
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Coverage for portable charger (RM 2,000)
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24/7 towing to nearest charging station if battery dies
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Emergency on-site charging service (Klang Valley)
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RM 50,000 personal liability for charger accidents
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Battery damage & fire protection
⚠️ Things to Note
The free on-the-spot charging service is currently limited to Klang Valley areas.
Check with Allianz whether your postcode qualifies.
Best for: Drivers wanting complete EV coverage without extra add-on fees.
🥈 2. MSIG EV Plus Add-On – Best for Home Charger Protection
Website: MSIG EV Plus
MSIG’s EV Plus Add-On is among the most comprehensive EV extensions available.
It pairs with MSIG’s Private Car policy and covers everything from battery damage to fire risks arising from charging at home.
🔋 Key Benefits
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Home wall charger coverage up to RM 20,000
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Portable charging cable coverage
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24-hour towing and battery rescue
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Inconvenience allowance if charger damage causes delay
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Protection against fire, theft & accidental damage during charging
⚠️ Things to Note
The EV Plus is an add-on, so you must hold a base MSIG motor policy.
Premium increases slightly based on EV value.
Best for: EV owners with home chargers or charging equipment installed.
🥉 3. Liberty Insurance – InsureMyTesla (Exclusive for Tesla Owners)
Website: Liberty InsureMyTesla
Liberty Insurance partners directly with Tesla to provide Malaysia’s official Tesla coverage plan.
🔋 Key Benefits
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Tailored for Tesla models (S, 3, X, Y)
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Coverage matches Tesla-approved repair and parts standards
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Includes battery pack and charging equipment protection
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Access to Liberty’s 24/7 EV-ready assistance network
⚠️ Things to Note
Only available for Tesla owners.
If you drive a BYD, Hyundai, or Smart EV, consider other insurers like MSIG or Allianz.
Best for: Tesla drivers seeking manufacturer-aligned coverage.
🏅 4. Etiqa – EV & Home Charger Add-On (Strong Green Commitment)
Website: Etiqa EV Insurance
Etiqa was one of the first to introduce EV-specific coverage in Malaysia and continues to expand its offerings with a focus on sustainability.
🔋 Key Benefits
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Coverage for home charger and portable cable
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Optional Tesla-specific plans
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Strong focus on EV fire and electrical risk protection
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Competitive premium rates
⚠️ Things to Note
Not all EV models are listed in their online portal yet – you may need to request a manual quotation.
Best for: Eco-conscious drivers or those wanting a Takaful option (Etiqa Takaful available).
🏆 5. Tokio Marine – Comprehensive Motor Insurance with EV Flexibility
Website: Tokio Marine Motor Insurance
Tokio Marine hasn’t launched a dedicated EV policy yet but offers flexibility for EV owners via custom coverage clauses and charger endorsements.
🔋 Key Benefits
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Solid motor coverage with optional EV add-ons
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Available nationwide with strong claims network
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Customizable based on battery or charger value
⚠️ Things to Note
Because it’s not EV-specific, you’ll need to confirm battery and charger coverage in writing.
Best for: Existing Tokio Marine customers who recently switched to EVs.
