Thanks loui for the info.

Do you happen to have a list of recommended insurance companies?

A recommended list, a whitelist, and a blacklist.

Recommended list would mean those that you would highly recommend, for their value for money, and most importantly ease of claims.

Whitelist are those that are generally acceptable.

Blacklist are those that should try to avoid, due to their stickiness or other frequent problems.

For example, I heard from my windscreen shop that ACE is quite slow to process claims. Wonder if it's true.

loui

I'm trying to purchase insurance online before going to JPJ later in the day to buy over someone's car.

Do you think I can purchase the following?

https://www.axa.com.my/21/en/car-insurance/...urance-malaysia

I tried going for your recommendation of Etiqa and Allianz but they don't seem to have online service for new applications (only renewal).

Also is it possible to just get third party? For the cheap cost. Does it still give the benefit of accumulating NCD?

This post has been edited by tagz8: Jul 29 2015, 09:16 AM

Forgot to ask you, would the NCD for third party insurance be transferable to the comprehensive in future?

Assuming the car would be sold for only RM5 - 6k in about 3 years time. And assuming I don't have NCD at the moment.

Would it be a good strategy to purchase a 3rd party cover for now to earn the NCD + windscreen cover of about RM80-100.

Then only consider comprehensive coverage from the 2nd year onwards when you have NCD of 10%? Perhaps can change new car then too.

Thanks man. Just found out that most sell only third party + fire + theft. It's mainly bought for cars that exceed 15 yrs of age. Most don't sell strictly third party anymore. The price would round up to be only slighty cheaper than comprehensive, probably about 5 percentage points difference.

For minimum RM12,000 coverage for a 2005 car, P&O quoted (estimate) me about RM530+ for third party + fire + theft, and RM570+ for comprehensive. I suppose these figures are before GST & other charges, after which should come up to about 570+ and 600+ respectively I guess.

Was told by ACE that third party can only be bought via Pos M'sia, with the underwriters being UniAsia (now Liberty) and Multipurpose.

So I'll be going to Liberty later near Maju Junction and check if I can buy. Will update on the rates. Oh and can't add on windscreen coverage to third party.

Update: Got myself the 3rd party insurance from Liberty at approx. RM310 nett. Downside is not allowed to purchase windscreen cover.

This post has been edited by tagz8: Jul 29 2015, 04:56 PM

I got mine from Liberty Insurance as it was near the monorail station. If I'm not mistaken another one is Multi Purpose Insurance.