Car Insurance Quotes Malaysia

Car Insurance Quotes Malaysia – Our premium estimator only provides approximate value; The final amount may vary subject to the details provided at the time of purchase.

We offer a selection of additional benefits to keep you safe. For an additional premium, we cover;

Car Insurance Quotes Malaysia

Did you know that in addition to protecting you and your vehicle, you can have a lot of fun by choosing us!

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Get 10% discount when you renew your insurance online. Tired of going against it? You can now buy your insurance through our website or mobile app!

Our trusted online payment partner, iPay88, is regulated by Bank Negara Malaysia and complies with the highest international security standards (PCI DSS 1) and the Financial Services Act 2013.

Promilege offers the best of our small projects. Depending on how far you plan to drive, Promileage offers savings to keep you and your wallet safe.

You will save between 10% and 40% on the main premium (including the premium for the above optional benefits, if applicable) depending on the Promilej plan you choose.

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You can buy Promilej using our mobile application (), visit our website or call our call center.

However, you should consider whether it is cost-effective for you based on existing short-term insurance plans.

No. You must submit a photo of your odometer reading through our mobile app or online before purchasing promileage. Apart from this we reserve the right to cancel your plans.

Yes you can. You should write to us to let us know what you want. Once cancelled, you may get a refund of the premium, which is based on us maintaining the normal short-term premium or minimum premium.

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If you outgrow what they gave you, don’t worry. You will be given an additional 100 km before your plan ends.

If you exceed both the specified distance and 500 km, your vehicle will be covered for further damage or loss or other optional benefits. However, third party coverage is not allowed.

Recharge your plan before the limit is exceeded. This will ensure that you and your vehicle are well protected on the road.

You can buy a premium the same way you buy a plan: online, through the app or simply by calling us. There is a difference between your plan and the new plan.

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For example, if your current plan costs RM500 and the next plan costs RM800, you will only be charged RM300.

You will be provided with an additional 500 km if you increase your allotted mileage before the end of your plan period.

If you exceed the mileage allowance and do not go over, you will only be covered for bodily injury or death of third parties and damage to third party property, but not for loss or damage to your vehicle as a result of the accident. Either arson or theft. (For mileage plans issued after 19 March 2021, optional benefits mentioned in point 1 above will not be added if mileage and mileage grace is exceeded).

Once coverage has begun, you can move up to the next available mileage level or full mileage coverage by paying an additional premium. A maximum of 2 raffles is allowed. If you recharge a second time, you will only be able to recharge for full mileage coverage.

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No, you cannot download your project. You will not receive a refund and you will not be able to transfer unused miles to a new plan.

Will I still get my 10% commission back if I use the website or app as a marketing plan?

Your vehicle will not have any device installed to track your mileage. You only need to present the current mileage of your car while buying insurance. We will prove your compliance in the event of a claim. We will send you regular reminders to check your ticket.

You can contact our staff at 1-800-88-2121 the day before your insurance starts to get a photo of your odometer kit. We will do the same with the change.

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Yes. You can purchase flood protection or a windshield for a premium that corresponds to a fixed mileage.

Please refer to my sheet of contract agreement and product for full terms and conditions under this policy. From 1 July 2017, Bank Negara Malaysia (BNM) introduced Motor Insurance for Motor and Third Party, Fire and Theft. As a result of product liberalization, premiums were determined by individual insurers and smart operators. This measure has since allowed consumers more choice as premium rates vary between insurers.

In this article we share more about the liberalization of car insurance and how it affects you as a consumer.

Liberalization of motor insurance means that motor insurance premiums in the market are no longer based on rates set by Bank Negara Malaysia. Liberalization has enabled insurance companies and takaful operators to determine premium rates for comprehensive and third-party vehicle, fire and theft-based products.

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This measure benefits both insurance and takaful operators as well as consumers. Insurers and takaful operators can collect reasonable premiums or contributions from policyholders. They can also risk their home insurance or takaful plan under the guise of their policies. In addition, consumers can enjoy a wide range of auto insurance products at market competitive rates.

Rates are the rates fixed under the insurance laws to regulate and control the rates and policies. For example, according to prices, insurers and takaful operators do not have the right to purchase exchange premiums.

As the responsible authority for all financial institutions, Bank Negara Malaysia established and supervised motor insurance.

Before liberalisation, the calculation of motor insurance premium was based on the sum insured and the model of the vehicle. Insurers are also allowed to charge a premium based on the age of the driver and the number of traffic accidents.

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Additionally, the premium calculated against the No-Claim Discount (NCD) is adjusted based on the claim history of the driver. In general, drivers with a good driving record can enjoy a high NCD percentage, up to 55% for private vehicles.

Starting July 1, 2017, higher risk will be taken into account in determining the insurance premium. The risks are primarily based on the overall health, engine capacity of the vehicle and the age of the driver and vehicle.

The above factors, among others, will determine the risk profile which will then determine the insurance premium. Premiums may vary between insurers, as insurers and captive operators may have different ways of defining the risk profile of their policies.

Liberalization was introduced on 1 July 2016. During this period, insurance companies and operators were given the flexibility to introduce new automobile products and additional covers that were not specified in the existing tariff.

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Effective July 1, 2017, additional flexibility has been provided to insurance companies and smart operators. They are free to set premium rates for motor comprehensive and third party, fire and auto theft products.

As mentioned, following liberalization, premiums for comprehensive and third-party vehicles, fire and theft products are no longer based solely on vehicle model, age and luggage capacity.

Premium rates are based on a verified risk profile, including transaction records and claim history. These subjective estimates are the difference between premium rates offered by insurance companies and potential employers.

After liberalization, consumers can expect premium rates to differ between insurance providers and captive operators, even if the coverage plan is the same.

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For example: You may find that Company A offers insurance coverage at a low price that fits your budget and needs. On the other hand, Company B may offer the same insurance coverage but at a higher price.

So liberalization has given you an opportunity to compare premiums between insurers. Considering various factors, it is always best to find the best insurance that fits your budget and needs.

You can easily compare insurance online. To do this, you can visit your favorite site and see their accounts.

For example: If you want to get a copy from Company A, you can visit their website and enter the required information for their authority. To get the best insurance at the best price, it’s a good idea to compare at least three insurers for the premiums and coverage they offer.

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A more convenient way to find insurance companies that can save you time is to use insurance comparison sites such as MyEG and. Instead of visiting multiple insurance companies, you can easily get quotes from different insurance companies, all on one platform in just a few minutes.

No. You still keep your NCD. Also, you can transfer from one insurance company or takaful operator to another.

For your information, NCD rates for private vehicles range from 25% to a maximum of 55%. See table below for NCD rates.

Yes

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