QUOTE(kucingfight @ Jun 25 2014, 01:08 PM)
To bring this up,
I've contacted MSIG (HIP) and the lowest coverage they can go is rm75k, which is around RM22xx premium. One can opt to cover lower eg; 65k,70k, but you have to fill in the form and send it back. Since 70k coverage is around RM20xx, and with NCD 55%, it comes to less than RM100 difference, i decided to stick with 75k
Bro, is this your first car or first car insurance renewal?
basically you can insure whatever amount you want ...
and you try not to over insure or under insure your vehicle ...
you must also take into consideration your renewal period ... for example your car is a 2010, you are renewing in 2014, for 2014's price lets say its selling average 50k in mudah - this is the amount you want to insure ... plus minus 2-3k.
now if you rewnew 2014, but say in november(end of the year) you should actually insure it based on 2015's price ... not 2014 ... as you have only 2 months usage in 2014 and 10 months in 2015... so you should deduct say another few k further ...
no point paying more when they will not compensate you that much nor should you under insure as when shit happens they will not cover you entirely ...