Hi all, my car insurance need to be renewed soon. Currently on Zurich but damn expensive

Any suggestion on other insurance company with cheaper rates? I heard takaful is cheap. Ok to go with this one?

Cheap no good .... good no cheap ... heard b4?

Anything wrong with takaful?

Pm car make model years cc.

afaik car insurance more or less are the same for all companies.
probably varies between 10-20% depending whether got any loading or other factors.

if cheapest imo is takaful malaysia that gives 15% cashback for no claim

Previously posted on
https://forum.lowyat.net/index.php?showtopic=4617458&hl=

My comparison took me to Etiqa.
Takaful maybe cheaper in long run with 15% more cashback after maturity


This post has been edited by dudester: Jul 23 2018, 08:12 AM

agreed, can do online summore.
past 3 years i use etiqa motortakaful online, but this year i changed takaful malaysia coz got online n cheaper.
this month i try motortakaful for my sis, website changed n no more 10% online rebate .
want to use takaful online instead but the NCD data stil not updated

EDIT:
etiqa got rebate 10%, ady inclusive.
NCD data updated. for axia G (27k, NCD 33%)
etiqa = 766
takaful = 698

This post has been edited by hafizhans: Jul 23 2018, 09:07 AM

Etiqa all the time. now very good. they automatically insured based on agreed value. And no need to named second driver as they will cover all drivers now.

motortakaful is another different company iinm.

I believe Etiqa has two different unit. Normal Etiqa and Etiqa Takaful.

Takaful is not the insurance that use Islamic way of doing business. If the insurance makes money, hey will distribute back profit after deducting all other expenses. That is why you get you money back after insurance cycle complete. Takaful is provided by other insurances also.

Last time on other car, I picked Takaful as it was cheapest if you include the 15% rebate if no claim.
This time i ended up with Etiqa as it allow a lower agreed value then Takaful. With no GST now, a lot more cheaper.

This is true, 2nd driver info is redundant, should just default cover.

Whatever. A vs B below.

A. https://online.takaful-malaysia.com.my/Motor

B. https://www.etiqa.com.my/getonline/motor-insurance

Just like WaCKy-Angel said, all insurances are about the same because it is governed by rules from BNM on minimum coverage. The difference are on additional coverage provided, which is to attract possible customers. The 10% doscount that you usually through online application is basically the commission to insurance agent.

For my Perodua, I just get it from Perodua because the rate given is cheaper than any other insurance. This is because the special rate is given to Perdua customer only. If you buy same insurance for other car, the rate is no more special. Probably your car dealer can have the same scheme. So, it worth to check them out.

The confusion is because the insurance use the name Takaful Malaysia. I was confused as well in the beginning. Last time when I want to apply or renew my Etiqa, I have to choose either Etiqa or Takaful. I think I tried both and end up the same. SO, I chose Takaful and get refund after a year.

Probably now they streamline both, I'm not sure. I'm using different one now

Ur car still within warranty period?
I checked b4 renew at Perodua is not cheaper compared to outside but they do provide no betterment charges.

I was expecting this to be true but like i did in my reference post, with same vehicle value, all kinds of prices come out with different insurers.

Still under warranty. I compared to several online insurances like Etiqa and even the same insurance provided by Perodua online. They are more expensive for same coverage. I asked the agent in Perodua about it. I was told this was special for Perodua customer. Probably it is not Perodua throughout Malaysia. Just between this insurance agent and that branch

Your 1st link is Takaful Malaysia

This is the correct link for Etiqa Takaful
https://www.motortakaful.com/getonline/motor-takaful
https://www.etiqa.com.my/getonline/motor-insurance

As mentioned the base insurance (just insure vehicle excluding other stuffs) are usually more or less same price coz its governed by BNM.
Other stuffs such as passenger liability and/or windscreen although also governed but diff companies may have much different price.

Last but not least, does Etiqa gives 15% cashback? This really changes the "price" alot after cashback.
I cant find it in their website.

Thats why its cheaper. coz under warranty usually they expect less issue thus lower premium.
Try check again after warranty expired.

If you read the term and coverage, they are slightly different, last time I looked at it. It is just that their standard package are different. Some think they are well known and customer will come to them even if slightly higher. So, they are thing things that are optional with other insurance are included as standard.

Why you guys dont believe what other people tell you and like to correct

https://online.takaful-malaysia.com.my/Motor

from my experience, takaful M has lower agreed value than etiqa

I think u misunderstood what Zot means.
He was telling u Etiqa has 2 plan.. normal general insurance and takaful general insurance.

That 2 links i provided is both from Etiqa meanwhile the link u provided is Takaful Malaysia

Ahsoh!

So if you compare Etiqa Takaful vs Takaful Malaysia, which is cheaper? Big difference?

Waow so many replies

Actually I am abit confused about this etiqa and takaful thing. Can anyone break it down? So far what i understand is got etiqa, etiqa takaful and takaful right? So whats the main difference between these 3?

What about lonpac? Easy claim?

u may renew online or via an agent.
i hav alwaiz consulted an agent coz i asked for the lowest premium aka lowest amount to renew da insurance..so far..no claims made for both cars.
btw..i alwaiz renew wif etiqa..

aig agreed value lower than etiqa for civic ketam

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

how they track yr milleages?

Hi all, I notice car insurance premium increase compare last year, do u guys notice?
eg i pay my premium for abt rm571 last year with rm44k insured but this year, insured value is 36K but premium is RM600.
Anyone know why?

Because you didn't shop around for better quotations.

i did check a few and compare. all up.
Axa 600, p&O 599

Same thing here, my premium is more expensive in 2019 compare to 2018, same insurance company. But lazy to find out why. I just pay and forget bout it.

Flood coverage who give cheapest? Nowadays every day heavyrain few hours.....

Tune insurance maciam cheaper than Etiqa
Any comments?

It still kind of depends on your car details and where you live, I think. But this year I went with AXA cos their special peril was cheaper than others for me and my car...

Bejaya Sompo's special perils is included, but only up to RM10,000.

You try lah, let us know how it is

Hi guys, anyone know where can i register 3rd party insurance via online for my 7 years old, debt free car?

Myeg

can choose third party? only show comprehensive.

Yes I renewed for my mother’s old car previously. Maybe you can’t select third party because your car can still buy comprehensive insurance?

yes currently still comprehensive, but for September renewal i want to use 3rd party. 8 years car finish loan cannot change to 3rd party?

I think it’s possible? From what I got when I google you can choose third party when the car is not under loan anymore.

ya lor but online payment seem not available only comprehensive quote available.

I clicked both etiqa and takaful with similar agreed value and options selected, price is not much different from my SC quotation.

You may want to try Pacific & Orient Insurance. They just introduce a new way of insuring your vehicle i.e. insure your vehicle by mileage. Understand that some developed countries already adopted this approach. Save you a substantial amount on your annual premium. More info at youtube channel below

https://www.youtube.com/watch?v=E-V3wCMSg5o

I compared mine with Etiqa and Takaful Malaysia and for some reason, Takaful was higher about RM200 despite all the options and value being the same.

End up I chose Etiqa.

tokiomarine

Anyone want do my car insurance renewal? Allianz .

Pricing are varies for different companies nowadays, same goes how they market their product thru enhancing the coverage. Things you should take note when you purchase car insurance :-

1) Market Value or Agreed Value?
2) Any FOC additional coverage? Is there any LIMIT to claim for the additional coverage?
3) Towing assistance services. How far it can tow? By km or $? Any towing truck or must be designated by insurer towing guys to do it?
4) Comprehensive or Third Party Fire and Theft cover? Would highly suggest to take only Comprehensive unless your car is super old but there are still ways to get Comprehensive through agents.
5) Claim process experience, eg, do you need to go "appointed" panels with their recommendation or you can go to any authorised workshop in their panel listing to do it? How fast the claim?
6) Lastly, it would be the premium. But if do not have much difference better put priority based on above criteria.

Well, u can ignore 1 to 5 if your main concern is $. But again cheap doesnt mean good.

Just my 2 cent based on research.

try bijak, a website where you can get quotes from different insurance company, you may choose to add on additional policy such as car windscreen protection, natural disaster protection

My car insurance going to renew soon.
I wan to ask about this Smart Key Shield.
Now my car key only left 1. another 1 spare lose long time ago.
Can i take this plan and then summit said missing or rosak, so can claim a new one?
By the way, my car is Axia AV. Do you know replace 1 car key how much?

what about FatBerry? Same concept kan, i see all over fb

Been using tune for this year, so far so good, gonna expire soon next year April. No claims yet, but definitely cheaper than what I got from Allianz

Also looking for this answer. Smart key lost claim lose NCD or not??

takaful malaysia is okay

wanted to try promilej, because can renew online. But wonder how about roadtax renewal? Normally agent will do everything and pass me new road tax altogether.

I bought promilej. Just renewed your roadtax separately at Pejabat Post. Give IC only. Easy.

I use Etiqa eventually.

Now most can do online
MYEG one of them. (use before)
Delivery to ur house with small fee.
i think bjak also same (never use before)

Fking useless Etiqa, wanted to get quotation for my car, I saw the quotation, before I could click further, this fking message appear.



Anyhow, its not the cheapest I've been quoted.

Takaful is cheaper for my car. Me just want the cheapest insurance - just for the sake of making it road worthy and can renew my roadtax.

halo, Sifu, Is etiqa.com same with motorkaful.com. I saw their website content are all same.

hi, anyone need insurance quotation can pm me.