Why You Should Be Selective About Your Car Insurance

Written by Emmanuel Surendra Illustration by Sara de Souza

In partnership with Perodua

We know you love your car. In fact, many Malaysians do. Did you know car ownership in Malaysia is the third-highest in the world? But road accidents have increased since 2015 with a rise of 2.74% from the previous year.

The best way to protect yourself is to get insurance coverage. This coverage usually comes with a new vehicle but most of the time consumers are not aware that the coverage may not cover everything. You could lose money in the event of a claim.

Needless to say, it’s good to check if that car insurance coverage you are annually paying for will really give you that peace of mind. The thing is, cars tend to depreciate faster than you pay off your loan, especially in the initial years. And in the event of a loss, you stand to lose money if the payout is according to market value.

But for Perodua owners, there’s an advantage to be covered by the Perodua Total Protect plan, as it gives more comprehensive protection. The plan provides full coverage of the sum insured for the first five years of the vehicle’s age.

In the event of total loss, Perodua owners are entitled for the full sum insured based on the agreed value, not the market value at the time of the loss.

There are also no excess charges, no premium loading and no betterment charges up to 10 years. The insurance panels under this programme will waive the cost.

Not forgetting that Auto Assist is available 24/7 to provide towing services to the nearest Perodua Service Centre and road assistance during emergency and accident. It offers medical evacuation from the scene of an accident to any hospital or medical facility nearby and provides transport assistance and even free hotel accommodation.

And above all, Perodua owners have the advantage of getting GAP coverage by adding a minimum premium. In the event of total loss, fire and theft, they are able to claim the original purchase price of the vehicle up to five years.

Don’t leave it to chance.  Malaysians spend a lot of time on the road, and it makes sense to get the insurance coverage that they need to ensure they are financially protected.