RY Insurance

13/02/2025

了解汽车保险的3种类型

汽车保险是车主必须购买的一种保险，用以保障车主或第三方在遭受风险时的损失或损坏。在完善的汽车保险保障下，车主可以有效地减少开支，因为保险公司将承担所遭受的损失或损坏。

汽车保险的类型
在购买汽车保险之前，您需要清楚了解各种保险的类型以便找到符合自己需求、风险与预算的保险。

汽车保险一共分成三种类型：
1. 综合型保险
综合型保险为投保者提供最完善的保障，其保障包括第三方、失火及失窃，也提供保障予您的车子因意外而造成的损失或损坏。换句话说，这种保险保障您（投保者）以及第三方。

一般来说，综合型保险适用于新车。如果您拥有的是一辆旧车，并且能够负担车子的维修费，那么您就不需要购买这类保险。

这类保险适用于未超过10年的车子（一般保险公司不允许15年或20年车龄以上的车子购买此类保险）。

2. 第三方保险、失火及失窃保险
这份保单的价格比第三方保险来得高，比综合型保险来得低。这是因为这份保单将保障失火及失窃造成的损失或损坏。

通过这份保单，如果您的车子遭受意外失火或失窃，其中包括：车子被盗、车子因为盗窃行为造成门锁或窗户损坏等，您都可以向保险公司索赔。

此外，这份保单也将保障第三方在财务上的损失或损坏，包括您所造成第三方的受伤或死亡。

您必须明白的是：这份保单将不保障您的车子因为交通意外而造成的损失或损坏（只提供第三方索赔），这份保单只保障您的车子因失火或失窃而造成的损失或损坏。

3. 三号保险/第三方保险
第三方保险是最基本的汽车保险。第三方指的是和您一起发生车祸的“对方”（车祸的肇事者是您本身）。这类保险只保障因为投保者而遭受损失或损坏的第三方。

基本上，这份保单的保障非常局限，因为它只适用于第三方索赔，至于您本身车子的维修费就需要您自掏腰包了。

选择汽车保险时需要考虑的因素
1. 车龄
如果您的车子是一辆超过15年的旧车，您可以选择第三方、失火及失窃保险，这是因为车子的维修费可能比较便宜且能够自己负担。反之，如果您的车子是一辆车龄只有几年的新车，那么综合型保险将会是最好的选择，因为这类保险的保障是最全面的。

2. 车子的使用频率
如果您几乎每天都必须驾车上下班或经常驾车跨州出差，您面临风险的机率肯定会比较高，因此更需要一份完善的保险以作为不时之需。

3. 保险金额
保险金额最好要符合您车子的风险和需求。虽然您的车子已经超过10年，但我们仍然建议您购买综合型保险，这样才能让您的车子得到完善的保障。

选择适合您的汽车保险
所有的保险公司都会提供以上三种保险作为选择。仔细考虑以上三种因素，即车龄、车子的使用频率以及保额，并以这三种因素来确定您所要选择的保险种类，这将可避免您的车子出现过度投保或受保不足的情况。

已经准备好要更新您的保险了吗？今天就到必佳更新车险。
请Whatssap Yan01162931683

16/05/2024

9 Factors Affecting Your Car Insurance Premium in

Car insurance premiums or prices are fundamentally different even for the same car model. This is because it depends entirely on the type of insurance coverage you have and several other factors. This article will help you identify the factors that affect car insurance premiums including how to calculate car insurance premiums in Malaysia.

How to Calculate Car Insurance: Factors Affecting Car Insurance Premium in Malaysia
In Malaysia, vehicle owners need to renew their car insurance and road tax yearly. This is to permit the owned vehicle to be used on the road. Having valid car insurance and roadtax, it can prevent you from being sued by the authorities. More often than not, the premium of car insurance is more expensive than motorcycle insurance, and is influenced by nine reasons as follows:

1. Age and Gender of Driver
The age of the driver can also affect the premium of car insurance. Drivers between the ages of 16 and 25 usually have to pay higher premiums than older drivers. This factor may be due to accident statistics in Malaysia that show young drivers and first-time drivers have a high potential to be involved in road accidents.

In addition to age, gender factors also play a role in determining insurance premiums. This is because, according to the accident statistics in Malaysia, there are higher accidents involving male drivers than female drivers.

Although many male drivers would disagree with this statement and feel that male drivers are more efficient drivers than female drivers. However, they cannot deny that male drivers have to pay higher insurance premiums than female drivers.

2. Vehicle Market Value
The market value of a car or the market value of a vehicle will decrease from year to year. It indirectly affects the price of car insurance premiums. Vehicles with high market value usually have more expensive car insurance premiums. For example, a Mazda CX-5 insurance premium (current market price estimated at around RM130,400) is usually more expensive than a Perodua Myvi insurance (current market price around RM41,000).

3. Vehicle Age
The premium of car insurance is also closely related to the year of the car’s production. The insurance premium for the latest car model is more expensive than a 2010 car model. This means, the older the vehicle, the cheaper the car insurance price is. Usually, cars that are 10 years old and above have more affordable insurance coverage than new cars. This factor is also indirectly affected by the price of the car in the current market.

4. Types of Insurance Coverage
The type of coverage you choose affects your insurance’s premium. A comprehensive coverage policy or first-party insurance is usually more expensive than the premium of third-party insurance. This is because a comprehensive coverage plan offers comprehensive coverage not only on third-party cars but also on your car. In contrast, third-party insurance coverage only offers basic coverage on third-party property.

5. Non-claim Discount
Non-claim Discount also known as NCD also affects the premium of the car. Vehicle owners who have not made any accident insurance claim five years in a row can enjoy a discount of up to a maximum of 55 per cent. NCD allows vehicle owners to get insurance coverage at lower premiums during car insurance renewal.

The following is an example of a comparison of payment rates for two same car models with different NCD rates as follows:

Situation 1:
Assume the current market value of car model A is RM40,000. It receives a car NCD value of 25 per cent. Car model A needs to pay RM938 for its new insurance premium.

Situation 2:
Assume that the current market value of car model B is the same as car model A. However, this car model receives 55 per cent of the NCD value. The insurance premium to be paid is RM368. In other words, the higher the NCD value of the car, the lower the premium of car insurance.

6. Car Engine Capacity
The capacity of the car’s engine also plays a role in determining the insurance premiums to be paid. The larger the engine capacity of the car, the higher the premium. The premium of a 2000 cc Honda car insurance is usually higher than a 1300 cc Proton Saga.

7. Location of Residence
The location also plays a role in influencing a vehicle’s insurance premiums. Generally, car insurance premiums in Peninsular Malaysia are more expensive or higher than car insurance premiums in Sabah and Sarawak. It is influenced by aspects of risk assessment that are higher in Peninsular Malaysia than in Sabah and Sarawak.

States with a high population density like Selangor, Kuala Lumpur and Johor happened to be the states with heavy traffic and high accident rates. This is contrary to the states with a low population such as Perlis, Terengganu and Kelantan. Due to this, insurance premiums vary based on locations such as Klang Valley (Selangor and Kuala Lumpur), and Johor is usually more expensive than insurance premiums in other states.

Also, if your area is prone to floods, you may be charged a higher premium rate by the insurance company. This is in the event your car is caught or submerged by the flood.

8. Driving Record
When you renew your car insurance, the insurance company will usually look into your driving history. If it is found that the car has been involved in an accident or has a record of traffic offences and so on, you will most likely be charged a higher premium rate. Hence why, you are advised to drive carefully and not only for personal safety, but to get a more affordable insurance premium.

9. Additional Policies
If you make any add-ons to your basic policy such as windshield insurance, special perils, etc., you will have to pay a higher premium. There are various additional insurance add-ons that you can choose according to your needs. You can get an insurance quote to determine the budget that fits the coverage you want.

Hopefully, with the help of this article, you can better understand the factors that affect the rate of your insurance premiums. If you are considering the best comprehensive car insurance with affordability on your side, visit Qoala for more info. Qoala is an insurtech insurance platform that provides various types of the best insurance in Malaysia with the guarantee of a safe, affordable and easy vehicle insurance purchase process.

Welcome to contact Yan 01162931683 for more enquiry, TQ

16/05/2024

All You Need to Know About Car Insurance in Malaysia

Car insurance is a crucial aspect of vehicle ownership that ensures you are financially protected in case of accidents, theft, or damage to your vehicle.

In Malaysia, understanding the ins and outs of car insurance is vital for responsible and secure driving. This comprehensive guide will walk you through the essential aspects of car insurance, from types of coverage to factors influencing premiums.



Types of car insurance coverage
Malaysian car insurance typically offers several types of coverage, each serving a specific purpose. Be sure to select between conventional insurance plans or the Shariah-compliant takaful plans.

Understanding these coverage types will help you make informed decisions when choosing a policy most suited to you:

Third-party coverage
This is the minimum requirement for car insurance in Malaysia. It covers bodily injuries or death to third parties and damage to their property.



Comprehensive coverage
This provides broader protection, covering not only third-party liabilities but also damages to your own vehicle due to accidents, theft, or natural disasters.



Additional coverage (add-ons)
You can enhance your coverage with add-ons like windshield coverage, flood coverage, and special perils coverage, depending on your specific needs.



Factors influencing car insurance premiums
Several factors affect the cost of your car insurance premiums in Malaysia. Being aware of these factors can help you manage your insurance expenses more effectively:

Vehicle type and model: The make and model of your car influence the insurance premium. High-value or luxury cars generally have higher premiums.
Driver's age and experience: Younger and less experienced drivers often face higher premiums due to a perceived higher risk.
Claim history: Your claim history plays a significant role. A history of frequent claims might result in higher premiums.
Vehicle age: Older vehicles may have lower premiums, but they might also come with limited coverage.
Location: Your residential address matters. Areas prone to accidents or theft may have higher premiums.
No-Claim Discount (NCD): Safe drivers are rewarded with NCD, resulting in reduced premiums for each claim-free year.


No-Claim Discount (NCD) explained
NCD is a reward system offered by insurance companies to policyholders for not making any claims during the coverage period.

The discount accumulates over the years, providing a significant reduction in premiums. The NCD percentage increases with each claim-free year, and it can go up to a maximum of 55% after five years of not making any claims.

Here’s a brief look at how NCD stacks up over the years:

No-claim period Personal vehicle
1st year 0%
2nd year 25%
3rd year 30%
4th year 38.33%
5th year 45%
6th year 55%
Tip: If you do find yourself in a fender bender which you caused, your NCD will reset to 0% in the following year if you proceed to make a claim. So, you should always consider if it is worth it to pay for the damages to your and/or the victim’s vehicle out of pocket or to make the claim and face pricier renewals in the years ahead. Just do the maths based on the table above and find out!



Making a car insurance claim
Understanding the process of making a car insurance claim is essential for a smooth experience during challenging times. The general steps include:

Notify your insurer: Inform your insurance company about the incident as soon as possible. Provide all necessary details, including photos and documents.
File a police report: In case of theft, accidents, or vandalism, file a police report and submit a copy to your insurer.
Claim assessment: The insurer will assess the damages and work with authorised workshops for repairs.
Excess payment: Pay the excess amount (the portion of the claim you need to cover) before the insurer settles the rest.


Common exclusions in car insurance policies
While car insurance provides extensive coverage, certain exclusions are essential to note. Common exclusions include:

Acts of war: Damages resulting from war, riots, or terrorism are typically not covered. However, you may qualify for compensation with the add-on option.
Racing or reckless driving: Accidents occurring during racing or reckless driving are excluded.
Non-approved drivers: If an unauthorised driver causes an accident, the claim might be denied. Certain policies can be limited to you only, and anyone else who drives your car are considered non-approved drivers.
Wear and tear: General wear and tear of the vehicle such as tyres and brakes are not covered.


Renewing your car insurance
Renewing your car insurance is a straightforward process, but it's crucial not to let your coverage lapse. Here are the steps:

Receive renewal notice: Your insurer will send a renewal notice well before the policy expiration date.
Review and compare: Take this opportunity to review your coverage and compare it with other available options.
Renew online or offline: Many insurers offer online renewal services for convenience, or you can visit their offices for in-person renewal.


Shopping for the best car insurance
Shopping for car insurance can be overwhelming, given the numerous options available. Here are some tips to help you find the best coverage:

Compare quotes: Obtain quotes from multiple insurance providers to compare premiums and coverage.
Read reviews: Customer reviews and testimonials can provide insights into the experiences of other policyholders.
Understand coverage: Ensure you understand the coverage offered, including add-ons and exclusions.
Check customer service: A responsive and helpful customer service team is crucial for a smooth claims process.


Conclusion
Car insurance is not just a legal requirement; it is a safety net that protects you and your vehicle. Understanding the intricacies of car insurance in Malaysia empowers you to make informed decisions, ensuring that you get the right coverage at the best possible price.

Regularly reviewing your policy, being a responsible driver, and staying informed about changes in regulations will contribute to a secure and worry-free driving experience.



Considering switching to a new insurance provider or simply browsing for some options that suit your financial situation best? Look no further and check out these car insurance plans.



💡 The information provided above is purely for educational purposes.

16/05/2024

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07/05/2024

What is No Claim Discount? How does it help you to save money on motor insurance/motor takaful coverage?
No Claim Discount (commonly abbreviated to NCD) is a type of motor insurance discount given to you:

for not making any insurance claim (being a safe driver) in the past 12 months AND
for not having any insurance claim by third party made against your car insurance policy
No Claim Discount plays a big role in determining how much you have to pay for motor insurance as it offers discount up to 55% of your base motor insurance or motor takaful coverage. 😎

The discount rate is fixed by Persatuan Insurans Am Malaysia (PIAM) Motor Tariff. The longer a claim not made against your own policy, the higher discount you will get. The maximum amount of discount is capped at 55% after five consecutive years of not making any claims.

No Claim Discount (NCD) Rate in Malaysia
Period of No Claims Made Private Car Commercial Vehicle
First year 0% 0%
Second year 25% 15%
Third year 30% 20%
Fourth year 38.33% 25%
Fifth year 45% 25%
After fifth year 55% 25
As you can see from the table above, significant saving is attained as it is proven that you are becoming a safer, veteran driver.

By driving safely each year and not making any claim against your car insurance policy, this helps reduce accidents on the road, and allow motor insurers to reward you with discounts for your car insurance.

As an example – the insurance quotation for a BMW F30 below offers Basic Contribution of RM4,774.60. With a 30% N0 Claim Discount (NCD) applied, the car owner saves a massive RM1,432.38. If the owner reached 55% NCD, his immediate saving would be RM2,62.03

07/01/2022

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29/12/2021

说到汽车的保险，许多人都不会主动为车险加购其它附加配套，直到经历了水灾之后，才惊觉被水浸坏的的车子无法索赔，且需要大笔的维修费，后悔太迟。财务规...

29/12/2021

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说到汽车的保险，许多人都不会主动为车险加购其它附加配套，直到经历了水灾之后，才惊觉被水浸坏的的车子无法索赔，且需要大笔的维修费，后悔太迟。财务规...

16/12/2021

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