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).

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

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.

I provide agreed value

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

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.

Include towing.... 7.50/year only.

There's no such thing as "free". Let's get this right.

Whatever offered such as a 50km towing is a value-added benefit, and frankly 50km is hardly any distance to boast about. Seriously. It is included for consumers to think about towing, and include more towing distance. Service providers are actually already charging the insurance companies a much cheaper rate in exchange for business volume.

Let's be real. In an unfortunate situation, the amount of time & expenses on you is way more than the 10% discount you apparently "saved".

Usually upon renewing/purchasing your car insurance, you should be receiving a car sticker (transparent road tax protector film) with some info behind it for the driver/passenger to see such as a roadside assistance hotline.

Any towing service or roadside assistance is all through that hotline.
Any other tow truck that magically appears in a matter of minutes/seconds, we call them scavengers. Don't entertain them. Wait for your service provider to arrive.

In an accident involving another vehicle or loss/theft, please call the agent to help you taichi with the police report.
We practice every day.

I personally use Allianz. For few years no more complaints from my clients and myself too

50km is from the moment the tow truck leave their premises. Even in city, it's pushing it.

Who said anything about lying in police report?

To be frank, the personnel at the post office might not know what they are doing.

I think this information is for the benefit of everyone here.
Tell your friends too!

http://www.themalaysianinsider.com/citynew...s-says-pj-mayor

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.