EV Car Insurance Calculator Malaysia 2026: Estimate Your Premiums & Road Tax Easily
Electric vehicles (EVs) are becoming more popular in Malaysia, with models such as the Tesla Model 3, BYD Atto 3, BYD Dolphin, Ora Good Cat, Proton e.MAS 7, and BMW iX now seen on our roads. While owning an EV helps reduce fuel costs and supports a greener future, many Malaysians are unsure about how much insurance and road tax will cost for an electric car.
To make this easier, we created the EV Car Insurance & Road Tax Calculator Malaysia – a free tool that lets you estimate both your annual insurance premium and road tax in just a few clicks.
Why Do EV Owners Need a Calculator?
EV insurance in Malaysia can sometimes be more expensive compared to petrol cars because:
EVs usually have higher market values.
Repairs and spare parts (especially batteries) can cost more.
Specialized coverage such as battery protection or home charger coverage may be added.
At the same time, EV road tax is calculated differently. Instead of engine capacity (cc), EVs are taxed based on power output (kW). Many owners are not familiar with these JPJ road tax tiers, which makes it difficult to budget yearly ownership costs.
Our calculator combines both into a single tool – so you instantly know the total cost of owning an EV in Malaysia.
How the EV Car Insurance Calculator Works
The calculator is designed for Malaysian drivers and is very simple to use.
You only need to enter:
Vehicle model (e.g. Tesla, BYD, Proton, BMW, Hyundai).
Market value (RM) – auto-filled based on average prices but you can edit.
Power output (kW) – auto-filled per model, editable if needed.
No Claims Discount (NCD) – from 0% to 55%.
Coverage options – battery, home charger, special perils, roadside, agreed value.
Region – Peninsular Malaysia, Sabah, or Sarawak.
After that, the calculator shows:
Estimated Insurance Premium (with breakdown of base, NCD discount, add-ons).
Estimated Road Tax (calculated using JPJ’s official EV formula).
Example: BYD Atto 3 Insurance & Road Tax
Let’s say you own a BYD Atto 3 valued at RM150,000 with 150 kW power output.
Insurance Premium: ~RM4,125 before discounts (with full add-ons).
Road Tax: ~RM602 annually.
If you have maximum 55% NCD, your premium can drop significantly.
EV Insurance Costs in Malaysia (2025 Update)
Based on market data, here are some common ranges for popular EVs:
Tesla Model 3 → RM4,000 – RM4,500/year
BYD Dolphin → RM2,800 – RM3,500/year
Proton e.MAS 7 → RM2,700 – RM3,200/year
BMW iX → RM7,000+ per year (due to higher market value)
These are estimates only. Actual premiums may differ depending on insurer (Allianz EV Shield, Etiqa EV Plus, Liberty InsureMyTesla, BMW EV Shield, etc.), NCD, and coverage selected.
JPJ EV Road Tax in Malaysia
EV road tax is based on kilowatt (kW) output. For example:
0–80 kW → RM0.40 per kW
126–150 kW → RM552 + RM2.00 per kW above 125
Above 200 kW → RM2,802 + RM10.00 per kW above 200
That’s why a Tesla Model 3 (239 kW) has much higher road tax compared to an Ora Good Cat (105 kW).
Benefits of Using Our Calculator
Fast & Easy – get your EV insurance + road tax estimate in seconds. Accurate Formula – based on JPJ’s official road tax tiers and Malaysia insurance rates. Covers Popular EVs – Tesla, BYD, Proton, BMW, Hyundai, MG, Ora, Zeekr, Denza, Xpeng. Breakdown Included – see base premium, NCD discount, add-ons, and total. Free to Use – no signup required.
Plan Your EV Ownership Better
Owning an electric vehicle in Malaysia is rewarding, but it’s important to budget correctly for insurance and road tax. With our calculator, you can:
Compare different EV models before buying.
Decide if add-ons like battery coverage or charger protection are worth it.
Estimate your total yearly cost at a glance.