I'm not an expert, as far as I know, insurance is working on a reinstatement basis, ie they would compensate you based on the replacement cost, therefore market value is always used as yr sum insured when you purchase any insurance policy.

The recent detarriff for motor insurance basically allows insurance companies to calculate yr premium based on yr driving history, age, type of vehicle and other factors.

Different insurance co will use different factors in premium calculation.

This has resulted in the difference in premium offered by different insurance co for the same sum insured.

takaful malaysia or etiqa takaful, which one better. As i know, in term of price is takaful malaysia more cheaper. Any ideas?

Takaful malaysia give an attractive offer.. low price and cash back if no claim made. I already used etiqa but this year i want to try Takaful Malaysia.

Takaful Malaysia offer :

You may be entitled to an estimated Cash Back of RM xx.xx subject to financial performance, applicable tax deductions and no claims incurred during the coverage period.

Complimentary Personal Accident coverage of RM15,000 for each driver and passenger.

question : driver at fault & met a car accident & make a police report but not owner of the car nor having his name in the insurance as an additional driver. can car owner make an insurance claim ?

Yes, as long as there's a valid insurance policy, the owner can make an insurance claim even though he's not the driver at the time of accident.

If the driver is not the named driver in the insurance policy, the insurance company will impose an excess when approving a claim.

Takaful malaysia online renewal is market value while etiqa is agreed value

Hi, I am a newbie in renewing car insurance.

I just got my car insurance renewed online with AIG ytd. When I filled up my policy details on sum insured, the website wording is "agreed insured value". However when I got my policy, it stated insured amount.

Anyone has experience with AIG that knows whether they use sum insured or agreed value?

This post has been edited by 7498: Mar 15 2018, 10:07 AM

sorry wrong post

This post has been edited by yandebunena: Mar 22 2018, 08:43 PM

Hi All,

I am planning to renew my car insurance this week. saw etiqa covered for New Spare Parts and Whole Car Repaint. does it mean i can change my whole car sparepart such as absorber/engine mounting/etc and repaint all car body in case of accident? let say, motorcycle hit me and i able to claim this?

Whatever you do, don't get car insurance from MSIG and Berjaya Sompo. They are rogue insurance companies that make it hard for you to claim after an accident.

PM 019-3399039 (WhatsApp only) for online car insurance renewal.

Its come with terms and condition on how many % damaged then only can repaint

You can compare the several insurance companies and pick the cheapest one or the one who gives the best service. I have done this myself with this website: https://loanstreet.com.my/insurance/car-insurance
I also renewed my road tax at the same time with this website.

er... only Zurich listed there. Compare what ar?

in 2019 ,

which car insurance is the best option ?? my main concern is which car insurance provide more reliable service when your car got issues

affin axa does give 30% discount which is the highest

This is good... Any terms?

hi all,

I had compare my car year 2018 and 2019 insurance premium.

Yr 2018 sum insured 54k, premium 1.49k
Yr 2019 sum insured 49k, premium 1.7k

Both are without NCD factor in. Notice that sum insured drop this year but the premium higher than last year.

Is there a premium hike for car insurance also?

I just notice there is price hike for medical insurance.

Maybe take your policy schedule for 2018, compare it with the current quotation, see what are the differences?

Doesn't make sense to this insurance man.

Go for third party insurance. Every year same price. But if accident you're on your own. Then you wont complain insurance premium increased.