The General Insurance Association of Malaysia (PIAM) held a media roundtable last week on the risks of the current monsoon season, and one statistic stood out because it’s contrary to popular belief.
Let’s start with something you might have guessed – according to PIAM, 50% of electric vehicles in Malaysia are covered for flood damage (flood coverage is a paid option on top of regular comprehensive auto insurance), versus just 13% for ICE vehicles as of Q2 2026.
This stat makes sense, as we can imagine EV drivers being more cautious of the battery and electronics in their device on wheels, which are costly to repair and replace. Should these go, it could very likely be a total loss. On the other hand, ICE drivers might be more willing to risk it due to the perception of their powertrain’s higher repairability.
