[WATCH] Top 5 uninsurable cars: Is your car insurable in Malaysia?


If you are a TV or movie buff, you would surely have come across vehicles that sometimes defy logic and science.

Take a stroll down memory lane with iMoney by revisiting classic footages that feature amazing (and mostly amusing) vehicles of yesteryears. If the car you drive resembles any of the cars featured in these footages, beware; insurance companies will not insure these cars.

1. Mr. Bean – 1976 – 1980 British Leyland Mini 1000

mr bean


2. Back to the Future – 1981 Delorean DMC-12 Time Machine

back to the future


3. Ghostbusters – Ecto-1 (1959 Cadillac Professional Ambulance)



4. Batman – The Batmobile



5. Knightrider – KITT, the talking 1982 Pontiac Trans Am


Watch the full video here.

Is your car insurable in Malaysia?

Coming back to the present (and reality), the law of this country requires all cars to be insured by motor insurance before it is allowed to be on the road. That gives rise to the question as to whether our car – a beat up, half rusty Perodua Kancil will qualify for insurance; the answer, surprisingly: yes.

As of 2011, Bank Negara Malaysia (BNM) announced that owners of older private vehicles (10 years and above) and motorcycles would be able to purchase motor insurance from all general insurance companies and Pos Malaysia.

Prior to this ruling, older vehicles that were deemed high risk could only get their motor coverage from the Malaysian Motor Insurance Pool (MMIP), which was set up in 1992 to provide motor insurance coverage to vehicles that had been turned down by other general insurers.

These vehicles, known as “displaced vehicles”, will be charged normal market premium rates and will not be subjected to the loading fees imposed on high risk vehicles.

“These vehicles will only be required to undergo annual roadworthiness checks at Puspakom if they are deemed to be high risk,” said BNM in a 2011 report on The Edge Malaysia.

Loading fees are then waived based on the findings of the roadworthiness check by Puspakom. The bottom line? Don’t worry if you drive an old car, insurance coverage is available. Of course, if all else fails, just drive a Delorean DMC-12 back in time to 1981 and have it insured as a brand new car.

Is it time to renew your car insurance? Here are four handy tips to help your lower your car insurance premium.

Choosing the right car insurance makes a difference. Here’s why a comprehensive car insurance policy matters.

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