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What Is Ncd Car Insurance Malaysia – When it’s time to renew your car insurance, you may see something called NCD in your insurance information. But… what is NCD?
NCD stands for No-Claim Deduction, also known as No-Claim Allowance. NCD is like a special reward from your insurance if you can avoid making a claim for a while. Simply put, if you haven’t made a claim in the past year, you get a discount on your next car insurance renewal.
What Is Ncd Car Insurance Malaysia
Consider NCD a thank you gift for being a smart driver. It kicks in when it’s time to renew your insurance, reducing your car insurance costs and giving you more savings.
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The longer you drive the car without making a claim, the higher the discount. Over time, you can post up to 55% off.
So, when you see NCD on your insurance, consider it a bonus for safer driving (and the key to paying less for car insurance).
In Malaysia, NCD rates are set by Persetuan Insurance Am Malaysia (PIAM), and the rates are as follows:
You now have two options to check your NCD: You can visit the NCD database, or you can check your NCD with us instantly!
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Your NCD may not go away, but it can be reduced. If you don’t renew your car insurance, your NCD premium will gradually decrease depending on how many years you haven’t renewed.
For example, if your NCD is 55% but you decide not to renew next year, then the next year, your NCD will be 45%.
If you do not renew your car insurance in subsequent years, your NCD liability will continue to reduce to 0%.
The key to protecting your NCDs is straightforward: avoid making a claim whenever possible. However, there are situations where this may not be practical.
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If you find yourself in a situation where you need to make a complaint without affecting your NCD, consider these options:
If the damage is manageable and you can pay the bills yourself, it may be a smart move. Because the claim may affect your NCD.
So, before you decide to file a complaint, weigh the pros and cons of your NCD care. It’s like retaining a premium bonus that rewards safe driving habits.
First, risk taking does not automatically reset the NCD. The impact of your NCD depends on whose fault it is and how the risk is resolved. Here are two examples to help you understand:
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Good news! If you are planning to switch to another insurance, you can keep the NCD you get from your current insurance for several years. This is because your NCD is linked to your IC number.
Switching insurance is easy. Simply select your new coverage and purchase your policy. When you order a model, your NCD will automatically appear, making changes simple and easy.
Finally, understanding the No-Claim Deductible (NCD) is key to effectively navigating the world of auto insurance. As a driver, NCD acts as a valuable reward for your safe behavior on the road.
Whether you are renewing your policy, looking to change your insurance or handling claims, your NCD plays an important role in shaping your insurance experience.
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By appreciating its importance and making informed decisions, you not only enjoy cost savings but also contribute to a safer driving community.
Betul-Betul Free Road Tax Campaign Malaysia 10 Oct Renew your car insurance for ten times more benefits… No discount or otherwise known as NCD is unknown to car owners. NCD is a type of discount offered by insurance companies if you do not make any claims during the policy period. When you make no claims on your insurance policy, your NCD value will increase, thereby reducing your car insurance premium.
In this article, we look at the cost of NCDs for various vehicles, under what circumstances you can keep NCDs even after making an insurance claim and important things you should know about NCDs.
NCD rates are different for private cars, private motorcycles and commercial vehicles. For your reference, NCD rates for cars are given below:
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For your information, you will automatically get NCD when you renew your insurance policy. However, be aware that your NCD rate may go back to 0% if the insurance is against your policy. However, you can continue to enjoy your NCD even after claiming any of the following:
You can make a no-fault claim if you have been involved in a car accident by a third party. To be able to make this claim, the authorities have to prove that it was not your fault.
If you claim a no-fault loss, your NCD will not be affected so you can keep it. Apart from this, your insurance company will also help you claim from the third party insurance company that caused the accident.
Have you purchased glass cover in addition to car insurance? If you do, you’re in luck because you can keep your NCD even after making an insurance claim for windshield replacement or repair.
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However, if you do not purchase this additional cover, making an insurance claim on your windshield will definitely affect your NCD.
At this point, you probably already know what NCDs are and how they work. But you don’t know about other NCD-related issues. So, we are sharing below some facts about NCDs that you should know:
Your NCD is for you, not your car – this means you can transfer your NCD to another vehicle (car; motorbike) of the same type. However, you cannot transfer your NCD to someone else as it is yours.
Your NCD applies to all insurance companies – if you choose to switch to another insurance, for example, from AIA to Allianz, your NCD will still be valid.
Here’s How You Can Transfer The Ncd For Your Vehicle
Save your NCD – Avoid making insurance claims especially if the rates are low as it will affect your NCD.
You enjoy your NCD during insurance renewal – As mentioned above, car owners cannot enjoy NCD in the first year. However, they can start enjoying NCD while renewing their insurance as long as they do not make any insurance claims.
To check your NCD, simply visit MyCarInfo and click on Check NCD Online. Next, open the license plate number and ID card. After you are done, click on ‘GET NCD RECORD’ button. If your car is registered with a company, open the business registration number.
After entering the required information, you can view your NCD and other information as follows:
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Easy, right? This free service can be used to check NCDs for all vehicles including motorcycles and rental cars.
As our article shows, your NCD will help you enjoy lower insurance rates. So, make sure you drive safely and avoid accidents to protect your NCD.
To save, we recommend that you renew your car insurance online. Just visit and choose from 15 car insurance companies that offer various benefits at affordable rates. Get your free car insurance quote today
There are three key concepts in car insurance that must be understood to make a decision before purchasing a policy. They are NCD, Development and more. Although simple to some, these concepts can cause confusion when paying claims and renewing policies, as they involve numbers.
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But don’t worry – we’ve collected everything in one place, so you can easily refer to it when in doubt. Remember to save this link for future use. It can be very helpful.
No-claims discount (NCD) is a discount offered by insurance companies. The checkpoint was established by Persetuan Insurance Am Malaysia (PIAM) to encourage safe driving. It acts as a reward/incentive for car owners with good driving behavior. NCD is also called by some as No-Claim Bonus (NCB).
The NCD cost of a new car starts at zero in the first year of purchase and gradually accumulates over time. If no claim is submitted or the policy is not claimed, private car owners can get an average discount of 55% (from year six), while motorcycle owners get an average discount of 25% (from year 4).
Surcharge refers to a situation where the insurer may require the insurer to pay part of the cost of replacing the damaged part with a new one, even if the original part is damaged or already used. This is due to the idea of improvement or improvement – the idea that the part being replaced is now “better” than the old one.
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Renewal fee is generally charged for vehicles older than 5 years
