BTW, Allianz provides agreed value by default. So it is reasonable to find that premium quoted is higher than your car market value.

Looking at the competitive price, anyone used AXA before n can share experiences here. Thx

I thought all companies are the same, rates are regulated by BNM, except when you purchase value-added products, which does not make sense because you already rich enough to afford a premium-grade insurance compared to the minimum required insurance, because you likely own a more expensive car to require the value-added insurance, price should not be your concern.

AXA is a good company, road assist and claims are reputable. The only thing would be the market value of certain make/model of cars. Now in the market you can compare for market value and premium pricing.

Unless you have been renewing your insurance with Tan Chong then the value would be as what TC suggests.

Hi Bro, the premium rates are not different across all companies as well as the perks. The motor insurance market is facing de-tariffication so it is ideal to shop around. Try to avoid a few not reputable among workshops then you are safe.

I have renewed my AXA insurance with Tan Chong and forgo the 10% online renewal discount from AXA because Tan Chong offers 'no betterment' for up to 10 years old car.
And with Tan Chong, it is based on Agreed Value and not Sum Insured value.

That's great ! betterment up to 10 years is very important. and TC normally recommend a high agreed value for Nissan/ Inifiniti cars.

Thx for the infor.

So far no complaints and ez to claim?

May I know what dies the betterment up to 10 years mean?

Normally if you do not renew with franchise the betterment for spare parts would be 5 years while franchise can offer up to 10 years. It means that up to 10 years you are entitled to new parts replacement in the event of a claim.

Yeap so far no complaint. AXA is good , rest assured.

Means with the same insurance company? not with the service workshop ho.
Sorry if I misunderstood you ya.

Found this in AXA website;

"No extra costs


No loading for cars up to 10 years old and insured value between RM20,000 to RM300,000"

so meaning no loading is better?

Different insurance companies will have their own betterment guidelines. In many cases, if you renew with agents, your betterment for new parts is only up to 5 years. While if you renew with franchise car dealerships, they normally offer up to 10 years to be more competitive in the market.

This means that as long as your car is within the 10 years old mark, you are not subjected to loading but your sum insured has to be wthin 20K to 300K. If it goes below 20K then you are subjected to additional loading.

Oh.. Okok. Thx thx. Cause I diy Etiqa. So blurr blurr wan.

Loading means extra cost incurred ya? sorry for asking simple question..

another thing is if car is more than 10 years, buy from dealer is better than online platform, because of 10 years betterment (new parts)?

Among Etiqa, AXA, Allianz and Takaful Malaysia, I got the lowest quote from Takaful when compared with same amount of sum insured.

No problem, ETIQA is good as well. No worries, let me know if you need help.

Yes loading is extra cost, normally insurance companies would give an age loading for vehicles more than 10 years old. So after 10 years old, there is no difference buying from franchise or agent. Because insurers will not cover you for new parts.