Can tell me which car insurance company is the best?

There's no best company lah.
However, my company has 7 insurers to pick from, i myself use allianz because of their very good and reliable roadside assistance (personal experience).

yup, i heard allianz is good in road assistance, i think they provide 100km free towing.
i myself have been using motortakaful/etiqa for the past years.. they provide free 50km towing, more than that is chargeable per km.
i have been receiving money (dividend?) every year as well, more than 200+ for this year.
more importantly, i can renew my insurance online with additional 10% discount, on top of NCD.

For me, the definition of good insurance consist of

1. Fast/easy approval on claim
2. Accept by majority workshop

as what i know, Alliance, Tokyo marine and another 2 company (i forget the name) are quite prefer by most workshop.

Try avoid jerneh, when you got accident, very hard to find workshop to do jerneh claim

Which insurance can renew online or at branch to take advantage of the 10% discount ?
At present renewed online at Kurnia but car must below 10 years , @ discount 10 % and also at branch for 10% discount.

Allianz easier, faster to claim, Kurnia slower . Done claim with both before. Allianz, Kurnia, Axa free limited towing. Kurnia unlimited towing with a small fee.


This post has been edited by magika: Nov 25 2015, 08:52 AM

Not all car insurance company is the same. Some have free limited towing others have 24 hours assist only. Kurnia claims slow , Allianz faster. I have claims before from Kurnia and Allianz and still have a pending theft claim from Kurnia.

as far as i know, all insurance companies will give you the discount if you renew at the branches. reason being the discount is actually the commission given to those runners/agents.

note aside: i think without knowing how fast their claim processing is, one can check which insurance company has the best free towing service...

any recommendation on good 3rd party insurance?

experienced AIG before, not bad though. can try.

does road tax expiry date same with insurance expiry date?

Usually yes, because you can't renew your road tax until you have renewed your car insurance.

thanks, do u know what is difference between market value, agreed value, and floor limit - which determining the sum assured?

Market Value
Purchasing your Motor Insurance on Market Value would be like the name itself, paid upon the most current market value of your car.
Take for example:
My car is worth 100k now. So I buy the insurance on the current market value at 100k.
At the end of the year, I get into an accident and experience a total lost. I want to claim my car insurance.
At the same time, my car is now only worth 75k on average in the market. Insurance will also pay at the market value and that is 75k.

Agreed Value
Purchasing your Motor Insurance on Agreed Value would be more straight forward. However, I will be insuring my car at a higher value.
Take for example:
My car is worth 100k now. The Agreed Value given to my car is 107k, at a slightly higher premium. So I insure my car for 107k.
At the end of the year, I get into an accident and experience a total lost. I want to claim my car insurance.
At the same time, my car is now only worth 75k on average in the market. Fortunately for me, I insured my car at an agreed value of 107k. So the insurance will pay at the Agreed Value of 107k.

Floor Limit would generally mean the minimum amount to insure.
This is usually at RM10,000, for cars valued below RM10,000.

10q for the detailed info!

Jiuhwei, can list which insurer company provides Agreed Value? thanks

I provide agreed value

This post has been edited by JIUHWEI: Dec 9 2015, 11:41 AM

one more ques, i wonder floor limit is classed at market value or agreed value?

anything like so called recommended insurance company for particular brand of car?

ppls said like local car, better go for Company A. German car go for Company B, and so on.

Allianz does not give the discount at their branch for walk-in customers. So, I had to get AXA instead.
Have been using mostly Etiqa previously due to the 10% discount. Wouldn't recommend them due to their poor towing terms and customer support.

Usually none of my customers reach floor limit yet...
Floor limit - market value. It's a minimum to even quote anything otherwise the insurance company actually lose money from just taking your business. The moment you sign, they lose money just to process your file.

No such thing. All still pay with Ringgit.