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Cheapest Car Insurance Malaysia – In Malaysia’s vibrant motoring industry, getting reliable and affordable car insurance is a top priority for many drivers. Finding comprehensive coverage that won’t break the bank is common, and luckily there are options that offer affordable premiums.
Navigating the market for cheap car insurance requires understanding many factors, including the reputation and customer service of the insurance company. This guide will help you learn key considerations that will help you make an informed decision that meets your budget and coverage needs. Here are the 10 cheapest car insurance options in Malaysia.
Cheapest Car Insurance Malaysia
When it comes to car insurance, there are several types of insurance in Malaysia. Understanding these types of coverage is important to choosing the right policy for your needs and budget.
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The most comprehensive and cost-effective car insurance, third party insurance protects against claims by other parties. It covers damages caused to other parties in the event of an accident, but you are responsible for damages to your own vehicle.
Similar to a third-party warranty, this policy increases your vehicle’s protection against fire and theft. However, the damage caused by traffic accidents is not considered.
Comprehensive insurance, which offers more comprehensive protection, covers your vehicle and a third party’s. It increases third-party benefits, improves fire and theft protection, and is ideal for those who cannot afford repairs.
There are several things to consider when choosing cheap car insurance in Malaysia, such as comparing quotes, researching additional information, and choosing the right coverage.
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Maybank Car Takaful offers affordable and comprehensive car insurance packages that you can easily purchase online through Maybank2u, MAE App, M2U App and Maybank branches. One of the selling points of Maybank Mobil Takaful is that it is the first time this service is offered in Malaysia. Customers have access to online road tax extensions, various toll payment options and on-site insurance underwriting. Customers can enjoy various incentives and savings by registering and renewing their car insurance or takaful package with Maybank. This includes a 10% premium discount and up to 30% cash discount through the Drive Less Save More feature.
Allianz Motor Comprehensive offers affordable and comprehensive car insurance to protect your car against accidents, theft and damage. This service enables hassle-free settlement of claims and provides peace of mind to policyholders in the event of an accident or injury. The scheme offers additional benefits such as death and permanent disability benefits (up to RM5,000), medical income (up to RM3,000) and flood protection (up to RM3,000) through Rahma’s insurance initiative. These additional benefits provide increased financial support and protection to the insured in case of unfortunate events.
Tune Protect car insurance offers a comprehensive protection package with Flood (Special Perils) insurance that provides extra protection for your car against events like floods, landslides, hurricanes, storms, earthquakes, etc. at a very low price of 0.2% of the policy value. Insurance ensures a smooth repair and reimbursement process as you can choose from a national network of over 300 authorized car repair shops in Malaysia. Also, you can get a free 6-month warranty on manufacturing and spare parts from the quality assurance and warranty panel repair shop.
RHB personal car insurance ensures strong protection with a third party liability limit of RM3 million. The No Claims Discount (NCD) feature allows policyholders to enjoy premium discounts based on their claim history. This policy offers free towing service up to RM300 per claim. It’s a cost-effective solution for comprehensive protection, saving you up to 40% on car insurance premiums. This insurance package combines additional benefits such as financial guarantee against third party liability, attractive discounts and free towing, making it a comprehensive and cost-effective option for car owners.
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Zurich Motor Takaful is your reliable friend for family trips by car or two-wheeler. While the roads are prone to accidents, Zurich Malaysia offers a range of Shariah-compliant Motor Takaful policies designed to ensure financial protection not only for your vehicle but also for you and your loved ones. This plan offers flexible and comprehensive benefits, including exceptional added value for comprehensive protection. Whether it’s your four-wheeler, motorcycle insurance or roadside assistance insurance, Zurich Motor Takaful caters to your specific needs and gives you peace of mind during your journey.
Etikan MotorTakaful recognizes the merits of safe driving by offering attractive incentives where drivers can claim cash back in the event of no accidents. Insurance coverage goes beyond standard insurance benefits such as tire replacement and battery care. With 24/7 roadside assistance, policyholders have peace of mind knowing that help is just a phone call away. The Driver and Passenger Personal Accident Option (DPPA) offers unlimited mileage and provides comprehensive coverage. Etika’s award-winning claims team was recognized as the Takaful Driver of the Year 2016 for handling high-speed vehicle claims, underscoring its commitment to efficiency and customer satisfaction.
Generali Malaysia Car Insurance provides financial protection for your car against accidents, theft and unexpected damage. This insurance gives you peace of mind and free towing service up to 30 km in case of accident or damage to the vehicle. Claims below RM10,000 can be processed within three working days at General’s entry-level workshops. You can add protection by considering options such as special hazards, repair waivers, and windshield protection. In addition, a 12-month warranty on repairs carried out by Generali Selected Workshop and a 6-month warranty on other panel repair shops is available, which increases the overall value and reliability of the insurance coverage.
Lonpak Car Insurance ensures a hassle-free and cost-effective experience for its policyholders with its 6-month interest-free payment plan for Maybank and Community Bank credit card holders. It goes a step further by offering free delivery of road tax in Peninsular Malaysia through MYEG. The insurance package is designed to provide comprehensive support in the event of an accident, offering free towing services up to RM400, 24/7 roadside assistance and breakdown assistance (subject to terms and conditions). Lonpac looks at all drivers and removes mandatory overtaking for all drivers with provisional (P) or learner (L) licences.
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Disclaimer: The My Weekend Plans team has compiled this list after extensive research and input to provide useful recommendations to the public. Brands are not OK, so if you have any other good suggestions, please send them to ussupport@ Please see our copyright, privacy and disclosure policy for more information. What do Maivy and Mercedes have in common? Answer: Both vehicles require valid car insurance to drive on the road.
If you have a new or used, domestic or imported car, you must have valid car insurance for the journey; as simple as that.
Anyone who tells you otherwise is either ill-informed or doesn’t care about their own well-being or the well-being of those around them.
Also, if you don’t have valid car insurance and road tax (both go together, you can’t buy or renew without one) you’ll have to pay extra if you get a traffic ticket. reported to the police or stopped at a roadblock.
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Under the Road Traffic Act 1987, all car owners in Malaysia must have valid car insurance and road tax, both of which must be renewed annually.
However, in addition to the legal requirements, it is important to have the right car insurance for your car so that if something bad happens (even a collision, natural disaster or theft), you can be sure that the insurance will cover the damage. repair or replacement costs.
According to the Malaysian Road Safety Research Institute, more than 400,000 road accidents were reported in 2020, with about 5,000 deaths.
This is reason enough to purchase adequate and adequate insurance to protect you and your vehicle on the road.
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There are three types of vehicle insurance policies available in the Malaysian market, each with a unique purpose to protect you and/or your vehicle.
Third party insurance is usually the cheapest of the three car insurance policies available and the most basic form of car insurance in Malaysia.
Picture this: it’s a rainy night and you’re on your way home after a late night at work. The road is slippery, suddenly at the intersection your car skids and collides with another driver. Fortunately, you escaped unscathed, but the same cannot be said for the person involved in the collision.
At the very least, you should have third-party auto insurance so you don’t end up spending a lot on his medical bills – not to mention vehicle repairs.
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As the name suggests, third party insurance includes protection
