Car Insurance Calculator Malaysia: Planning Your Coverage Wisely

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Once coverage begins, you can upgrade to the next existing mileage level or to full mileage coverage by paying an additional premium. A maximum of 2 reloads are allowed. If you charge a second time, you can charge up to full mileage.

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No, you cannot downgrade your plan. You will not receive a refund, nor will you be able to transfer unused miles to a new plan.

Will I get a 10% commission discount if I use the website or app to purchase the policy?

Your vehicle will not have a mileage tracker installed. When purchasing insurance, you only need to present the current number of kilometers traveled. In case of complaint, we will analyze the condition of the mercy. We’ll also send you regular reminders to check your mileage.

You can contact our staff at 1-800-88-2121 and submit a photo of the odometer one day before coverage begins. Then we make the necessary changes.

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Yes. You can purchase a flood cover or windshield for an additional fee that matches your mileage allowance.

See the Terms and Conditions Agreement and the Product Information page for the full terms and conditions of this policy. Before buying car insurance, it is best to understand the key terms and conditions of the car insurance contract. This will help you choose the best policy and make it easier for you when you need to make a claim later.

There are 3 types of car insurance policies in Malaysia which are (1) Comprehensive, (2) Third Party, Fire and Theft Insurance and (3) Third Party Insurance.

This type of policy offers very comprehensive coverage. This provides protection to policyholders against any loss or damage to their property and third party claims, including loss or damage to third party property, injury or death caused by you.

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This policy protects the insurer from third party claims involving damage or loss of third party property, injury or death caused by you.

Third party insurance is the most basic policy as it only provides cover to third parties. It covers loss or damage to property and life of third parties as a result of a traffic accident caused by you.

Let’s say you have an accident that damages your car and you are at fault, you will be responsible for the cost of repairing your car.

First, understand that your insurance only covers certain incidents that happen to your car. Therefore, “what is covered” refers to the events that your insurance will cover and compensate for. It is important to know what your insurance covers to avoid any confusion during the claims process.

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For example, if you buy comprehensive insurance, you need to know the events that your insurance covers. Apart from the basic coverage, you should also be aware of the additional benefits that come with your policy. For example, Takaful Malaysia offers free personal accident cover of RM15,000 for each driver and passenger in the event of death or total permanent disability due to a road accident.

What can happen to your car? Events not covered by your insurance are also called ‘exclusions’. This means that if accidents happen to your car that are not covered by your insurance, you cannot make a claim against your insurance company.

For example, your insurance may not cover you if your car is damaged by flooding. However, if you want your insurance company to cover the damage, you will need to purchase special insurance as optional coverage. To get this coverage, you have to pay an additional premium, which varies by insurance company.

Another incident that your insurance does not cover is damage to your vehicle due to a strike, riot or civil disturbance. However, you can enjoy this cover if you buy additional strike, riot and civil disturbance cover.

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The period of cover refers to the effective date of your policy. During this coverage period, you can make a claim against your insurance policy for incidents covered by your insurance.

The usual coverage period is one year. In order to use your insurance coverage, you need to renew your car insurance every year.

Sum insured is the maximum amount your car is insured for. According to the General Insurance Association of Malaysia (PIAM), the basis for assessing the true value of a vehicle is its market value at the time of loss. For example, if your car’s sum insured is RM45,000 based on the market value of your car at the time of recovery, you may actually receive less compensation if the market value of your car is greater than the loss of the car.

However, you can also set the agreed value as the sum insured for your car. If you choose Agreed Value, the compensation you will receive if your car is a total loss will be the agreed value at the time of insurance renewal. The amount remains even if the market value of your car goes down.

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You can check the market value of your car for free on MyCarInfo and for more information about car market value and negotiation value, see our previous article.

The excess is the first amount you have to pay for an insurance claim, even if the accident was not your fault.

However, this excess does not apply to loss or damage caused by fire, explosion, lightning, theft, housebreaking, theft, damage to property by a third party or personal injury. You should check your policy plan to find out the excess amount you are required to pay.

If you have insured your car for a continuous period of 12 months and you or someone else driving your car does not make a claim under your policy during the period of cover, you will be entitled to a No Claims Discount (NCD) for each policy. . . Renewal

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For your information, your NCD level will increase every day