Car Insurance Malaysia Comparison – Have you ever wondered what is the difference between Takaful and Safe? In this article, we will compare and explain the difference between motorized insurance and conventional insurance. To make our comparison more realistic, we will use the ETIQA product to compare. ETIQA offers motor insurance and car insurance.
Etiqa motor insurance plans Takaful Motor (Takaful) and Etiqa Motor (conventional) are among the best car insurance plans available for all Malaysian Road users. Both are a comprehensive motor protection plan that covers loss, theft and even damage to cars. The best part is that customers will receive a 10% discount at the top of their NCD when they renew the plans on -line. So what should you choose? Let’s help you understand so you can decide which plan meets your need.
Car Insurance Malaysia Comparison
Of course, Takaful and conventional plans serve different purposes for customers. However, first we would like to highlight many of the similarities between the two planes. Some of them include:
Best Car Insurance Plans In Malaysia
Now that you know the similarities between the two planes, let’s show some of the differences in the benefits between these two plans, so you can have a better understanding. These are the seven differences that can help you decide which plan meets your needs.
In conclusion, the Takaful plan is an obligation for people who want a Shariah compatible plan, while people can choose the conventional if a plan compatible with Shariah is not a concern for them. In addition, Takaful provides reimbursements when you do not claim accidents during the end of the politics year. However, the conventional does not have this benefit. The good news is that if you do not drive much, the conventional plan will provide up to 30% cash reimbursement, while the Takaful plan does not have this benefit. 30% cash reimbursement is an important benefit, especially for people with a homeless car that is not frequently driven.
In addition, the conventional plan also provides customers that the car towing up to 200 km and approvals for faster claims. If you are someone who is always busy with work, this plan would benefit you a lot, as your claims will be approved in 30 minutes and you will not have to worry about paying more for the towing service. On the other hand, the Takaful plan provides an immediate replacement car and also provides battery replacement tires and services to its customers. This is great, especially for people who drive the car to work every day and cannot wait much until the car is repaired as they do not have a spare car at home.
We hope all this information has opened your eyes to make a better decision now. The factors discussed above should help you make your needs in choosing between the Takaful or conventional plan. What does a Myvi and Mercedes have in common? Answer: Both vehicles need valid car insurance to be allowed on the road.
Best Standalone Medical Cards In Malaysia 2025
Again or second hand, local or imported, if you have a car, you need to have valid car insurance to drive it on the road; It’s that simple.
Anyone who tells you different is misinformed or simply does not consider their own well-being as for those around him.
Also, if you don’t have valid car insurance and a road tax (these two come hand in hand, you can’t buy or renew without each other), you may need to spend extra money to pay for traffic call if it is signaled by police or has stopped on an obstacle.
According to the 1987 Road Transport Law, it is mandatory that all Malaysian car owners have valid car insurance and a road tax, which need to be renewed annually.
Car & Motor Insurance Comparison Malaysia
However, aside from legal requirements, it is also important to have enough car insurance coverage for your vehicle, so that if something bad happens (whether a collision, natural disaster or even theft), you can count on your insurance policy to cover repair costs – or replacement.
Based on the research conducted by the Malaysian Road Safety Research Institute, there were over 400,000 road accidents recorded only by 2020, almost 5,000 of which were fatal.
This is reason enough to buy a proper – and wide insurance policy to cover you and your vehicle when on the road.
There are three types of automobile insurance available in the Malaysian market, each unique to cover you and/or your vehicle.
Car Insurance Information & Coverage Guide
A third party cover is usually the cheapest among the three car insurance covers offered and the most basic car insurance form you can have in Malaysia.
Imagine the following: It was a rainy night and you’re coming home after a night at work. The road was smooth and suddenly your car slides in a cross and you collide with another driver. Luckily, you escaped unharmed – but it can’t be said to the person with whom it collided.
To avoid the extraction of an exorbitant amount of money to pay for your hospital accounts will mention vehicle repairs-you will need at least third party car insurance.
As your name suggests, a third party coverage insurance policy covers claims against you by bodily injury or even deaths from others (third parties). It also includes any loss or damage to your vehicle or property.
Friends Of Myeg على X: “discover The Power Of Special Perils Insurance Add-ons With @comparebymyeg. Safeguard Your Car From Natural Disasters With Exclusive Coverage. Click To Explore The Ultimate Peace Of Mind
Most of the time, the fire cover and theft of third parties act as a third party cover, except that this policy allows you to make a complaint if your car suffers a fire damage or is stolen.
Be aware that this type of cover addresses loss/damage due to accidental fire and theft, but not loss/damage due to the accident itself.
This car insurance policy offers a wide range of coverage than the two car insurance covers mentioned earlier.
In addition to providing coverage for everything mentioned above, it also covers the damage caused to your own car!
Third Party Insurance Price Malaysia
Comprehensive car insurance is advisable if you can’t replace your car like this, for example, using your savings to buy a new car or use a second car.
The moment you trust your car to travel to work, for example, and the scenarios mentioned earlier do not apply, you better have a comprehensive coverage that will provide the box equivalent to your car’s replacement value, so that at least you can go and buy another car.
Deciding on the right amount of car insurance is not rocket science. Insurers intend to make their lives easier and determine the insured ideal sum, based on their car’s market value.
With the deparification in force since July 2017, additional factors are relevant to determine its prize. However, the insured ideal sum really dates back to the market value of your car only.
Car Ownership Vs Car Sharing: How Much Do You Save?
Simply put, insurers can extract the technical details of their car from a database, such as manufacturing year, engine size, model type, power, etc., so that they know the original price of your car versus the market value of your car, given the real mile.
It is straightforward, if you buy a new car in the value of RM100, 000, your insured sum should be equal to the same quantity.
As the original price decreases over the years and your car gets older, the insured sum can also be reduced each year, according to the lowest value and market price of your car.
In theory, you can decide to buy a lower insured sum than the market value of your car. For example, if your car’s market value is RM22,000 after a few years, you decide to buy only a insured sum of RM20,000.
Rumah Sakit Umum Pakuwon
You can save a few dollars, but eventually you can still decide to get the total sum of RM22,000, because the prize difference can only be a comparatively small amount and you would be penalized for the insecure.
While tempting to dive straight into the search for the best car insurance agreements, you can read the terms and conditions of the three policies carefully and be aware of the things included and excluded from their coverage.
Not all incidents are covered by a car insurance policy, even if you think it can be, because your car insurance plan is slightly higher – or the highest – one of the best plans you can buy compared to other plans.
If you think standard car insurance can cover the costs of your medical accounts – or even the funeral – if you have a car accident, think again.
Best Car Insurance In Malaysia 2025
Even a comprehensive policy of car insurance covers only the damage caused to your vehicle (and the person you may have crashed).
However, you can add personal accident insurance coverage to your car insurance as a pilot to help cover your medical costs.
As an alternative, you can also
