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3 ways to cut down on costs as a Malaysian car owner


Owning a car in Malaysia could be a costly affair. Here are three tips to help you cut expenses that come with car ownership:


  1. Use cashback credit cards or rewards points

    Malaysians are lucky that petrol is subsidised by the government, but urban households still spend a high percentage of monthly expenditure on gas and other fuel, according to the Department of Statistics Malaysia (DOSM).

    To optimise your budget, you can use a credit card that offers rebates for fuel purchases.

    Even without a "fuel credit card", you can always use other credit cards to earn reward points and make the most of a necessary expense.  

  2. Explore other vehicle options

    If you are concerned about your car’s fuel consumption, consider: 

    • Trading it in for a car with better fuel mileage, i.e., consume less fuel for the same distance
    • Switching to the lowest octane suggested in your vehicle owner’s manual
    • Getting a hybrid vehicle to reduce your petrol usage or go for an electric vehicle
    • Buying a smaller or more economical car

    This serves as a dual purpose. Annual road tax and car insurance premiums depend on your vehicle. Cars with higher market value or bigger engine capacities tend to come with higher insurance premiums and road tax. 

  3. Choose a flexible car insurance plan

    Another option for lowering your insurance premiums is by choosing a flexible car insurance plan where premium is based on mileage rather than solely on car market value.

    For example, Chubb's MY Smart Car Insurance offers comprehensive protection tailored specially for low-mileage drivers. You could pay less when you’re charged based on usage, yet still enjoy cover against 3rd Party liabilities (i.e. for injury or death, or damage to property), for accidental or fire damage to your vehicle or theft of your vehicle. 

    Based on the plan chosen, you can get car insurance coverage for driving mileage up to 10,000 kilometres with the flexibility to top up before you reach the mileage threshold. Any mileage you don’t use can be carried forward to the renewal policy.

If you want to switch to a flexible, affordable, and comprehensive car insurance plan, get in touch with us today.


The benefit(s) payable under eligible certificate/policy/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS brochure or contact Chubb Insurance Malaysia Berhad or PIDM (visit


 This content is brought to you by Chubb Insurance Malaysia Berhad, Registration No. 197001000564 (9827-A) (“Chubb”) as a convenience to readers and is not intended to constitute advice or recommendations upon which a reader may rely. Any references to insurance cover are general in nature only and may not suit your particular circumstances. Chubb does not take into account your personal objectives, financial situation or needs and any insurance cover referred to is subject to the terms, conditions and exclusions set out in the relevant policy wording. Please obtain and read carefully the relevant insurance policy before deciding to acquire any insurance product. A policy wording can be obtained at, through your broker or by contacting any of the Chubb offices or Chubb agents. Chubb makes no warranty or guarantee about the accuracy, completeness, or adequacy of this content. It is the responsibility of the reader to evaluate the quality and accuracy of material herein.

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