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> how much insurance could refund after selling car

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SUSMhd shah
post Aug 1 2019, 12:57 PM, updated 7y ago

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I sold my car one month after insurance renewal, can I return some of insurance money?
and how much they will refund?
is it general policy or differ between companies?
smallcrab
post Aug 1 2019, 12:57 PM

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Should be Pro rated
quintesson
post Aug 1 2019, 01:21 PM

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If it's a renewal case pro rated refund. If new case there's a table of percentage refund on various time period cancel.
lucifah
post Aug 1 2019, 01:24 PM

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QUOTE(Mhd shah @ Aug 1 2019, 12:57 PM)
I sold my car one month after insurance renewal, can I return some of insurance money?
and how much they will refund?
is it general policy or differ between companies?
*
pro-rated

(365 - so whatever days used) / 365 * the amount of insurance paid (exc SST and loading and etc)

just inform ur insurance and they will do it for u
andyjyneo
post Aug 1 2019, 01:26 PM

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Besides that, you also can claim for refund from JPJ for the unused road tax period.
Chanyap92
post Aug 1 2019, 01:30 PM

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QUOTE(andyjyneo @ Aug 1 2019, 01:26 PM)
Besides that, you also can claim for refund from JPJ for the unused road tax period.
*
good to know, but if axia rm30 also waste time waste petrol go get back rm20 only rclxms.gif
andyjyneo
post Aug 1 2019, 01:57 PM

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QUOTE(Chanyap92 @ Aug 1 2019, 01:30 PM)
good to know, but if axia rm30 also waste time waste petrol go get back rm20 only  rclxms.gif
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+1
True, and you need to wait 3-4 months to get back the refund.

I suspect they (JPJ) either collect all and submit at one time or the accounts department processed them at one time.
Chanyap92
post Aug 1 2019, 01:58 PM

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QUOTE(andyjyneo @ Aug 1 2019, 01:57 PM)
+1
True, and you need to wait 3-4 months to get back the refund.

I suspect they (JPJ) either collect all and submit at one time or the accounts department processed them at one time.
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if those 2.0+ car ok la at least can get back few hundred brows.gif
andyjyneo
post Aug 1 2019, 02:40 PM

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QUOTE(Chanyap92 @ Aug 1 2019, 01:58 PM)
if those 2.0+ car ok la at least can get back few hundred  brows.gif
*
Correct.
Small amount just don't worth it.

When i sold my 2.4 car, they refunded me RM600+ for 11 unutilised months.

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