Car Insurance Calculator Malaysia Etiqa

Car Insurance Calculator Malaysia Etiqa – What do Myvi and Mercedes have in common? Answer: All these vehicles have valid motor insurance which is required to be allowed on the road.

New or used, local or imported, if you own a car, you must have valid car insurance to drive on that highway; it’s easy. 

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Anyone who tells you otherwise is either ignorant or doesn’t care about their own life or the lives of those around them.

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Also, if you don’t currently have car insurance and road tax (the two go hand in hand, you can’t buy or renew without the other), you may have to spend extra money to pay the traffic ticket. after being pulled over by the police or stopped on the road.

Under the Road Transport Act 1987, all motor vehicle owners in Malaysia must have valid motor insurance and cover, which must be renewed annually.

But legal requirements aside, it’s important that your car is properly insured so that you can rely on your insurance if something happens (be it a collision, natural disaster or theft). cost of repair or replacement.

According to a study by the Malaysian Road Safety Research Institute, more than 400,000 road accidents occurred in 2020 alone, with nearly 5,000 people dying. 

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This is reason enough to buy the right and adequate insurance that covers you and your vehicle while you are on the road.

There are three types of car insurance available in the Malaysian market, each of which covers you and/or your car.

Third party insurance is usually the cheapest of the 3 cars offered and the easiest car insurance in Malaysia. 

Imagine: it rained at night, and you are coming home from work. The road was slippery and suddenly your car jumped the intersection and you collided with another driver. You were lucky to get through unscathed – but the same cannot be said for the person you collided with.

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To avoid spending a fortune on his medical bills—not to mention auto repairs—you need third-party auto insurance. 

As the name suggests, third party insurance covers you for claims related to the injury or death of another (third party). This includes loss or damage to their vehicle or property.

Basically, fire and theft insurance works the same as third party insurance, except that the policy allows you to make a claim if your car is damaged by fire or theft.

Please note that this type of cover covers accidental loss/damage due to fire and theft, but not accidental loss/damage. 

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This car insurance policy provides more coverage than the two insurance policies mentioned earlier. 

In addition to all of the above, it also covers damage to your OWN vehicle!

Casco car insurance is recommended if you cannot afford such a car replacement, for example with savings to buy a new or another car. 

When you go to work by car, for example, and the above conditions do not apply, you are better off with comprehensive insurance that provides an amount equal to the value of your car (current market value). so you can go buy another car.

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Choosing the right amount of auto insurance is not a big science. Insurers want to make your life easier by determining the amount of insurance based on the market value of your vehicle. 

As the exemption comes into effect from July 2017, additional factors will be important in determining your cost. However, the amount of good insurance is limited to the market value of your car.

In short, insurers can collect technical information about your car from a database, such as year of manufacture, engine size, model type, horsepower, etc., to determine the original value of your car compared to the current market for your car. given the actual distance.

It’s simple, if you buy a new car for RM100,000, your insurance premium should be the same. 

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As the initial value decreases over the years and years of the car, the insurance can be reduced each year according to the lower value of the car and the market value.

In theory, you can choose to buy insurance for less than the market value of your car. For example, if the market value of your car is RM22,000 after a few years, you decide to buy insurance for only RM20,000.

You can save a few bucks but you can still opt for the RM22,000 premium as the difference in premiums might be small and you will be penalized for having less insurance.

While trying to get the best car insurance rates, you may want to carefully read the terms and conditions of all three policies and find out what is included and what is excluded from your coverage.

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Not all events are covered by your car insurance, even if you think they might be, because your car insurance policy is the highest – or highest – is one of the best plans you can buy compared to other plans.

If you think standard car insurance can cover your medical bills – or even funeral costs – if you’ve been in a car accident, think again. 

Even comprehensive car insurance only covers damage to your vehicle (and the person you may have collided with). 

However, you can add accident insurance to your car insurance to cover medical expenses. 

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Alternatively, you can also get health insurance or accident insurance to cover medical bills. – make sure the policy covers injuries caused by road accidents.

The person injured in a car accident usually has an easier case than the person behind the wheel – if two cars were involved in the accident, one of the drivers will be found negligent and responsible for the injuries caused. rider. 

To avoid paying off your insurance debt, you can add extra interest to your car insurance.

Sprucing up your new car with custom rims, leather seats and premium speakers can give you a place to cook out with friends (even on dates). 

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Most car insurance policies will not cover repair or replacement costs for these items, although you can ask your car insurance provider if you can add your equipment.

As car parts wear out over time (with the exception of glass parts, such as the windshield), the value of your car decreases with it. 

If you’re planning to insure a car that’s over 15 years old, finding the right car insurance can be difficult, but you can opt for third-party insurance instead.

These unfortunate events, along with earthquakes and hurricanes, are called natural disasters or force majeure and are often not covered by car insurance. 

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This will result in more money, but if you live in an area prone to flooding and/or landslides, it’s better to pay the extra money instead of spending all the money on repairs – which will undoubtedly be very expensive. beloved.

An auto policy allows policyholders to increase coverage to include additional benefits and other benefits in addition to standard coverage. Contact insurers to apply for these additional benefits.

1. Flood, tornado, tornado, tornado, storm, volcanic eruption, earthquake, landslide, landslide/earthquake or other natural disturbance. 

You must be wondering why I need accident insurance in addition to car insurance? Well, we’ve put together a comparison chart to answer that question:

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Before July 2017, car insurance premiums in Malaysia were almost the same for all insurance providers (depending on the price of your car and the power of its engine). 

When calculating the insurance premium, the insurance is based on technical details and age, and thus on the market value of your vehicle. 

However, since the introduction of de-tariffing in July 2017, insurance companies look at several other factors to determine the cost of your car insurance. 

This risk-based assessment is used to give drivers an incentive to reduce their risk and therefore receive lower premiums. The risks associated with the driver are:

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Age – if you have a P permit,