iMoney.my Learning Centre
  • All Categories

    All Categories

    Close
    English
    • Latest Articles
    • Go to iMoney.my
    • Personal Loan
    • Life Insurance
    • Broadband
    • Medical Insurance
    • Credit Cards
    • Travel Insurance
    • Money Management
    • Auto Insurance
    • Properties
    • Takaful
    • Autos
    • Entrepreneur
    • Investment
    • Tax
    • CreditScore
    • Budgeting
    • Career
    • Lifestyle
    • News Updates
    Malay
    • Artikel Terkini
    • Pinjaman Peribadi
    • Kad
    • Insurans
    • Simpanan Tetap
    • Pinjaman Perumahan
    • Pinjaman Kereta
    • Pengurusan Kewangan
    • Pelaburan
    • Gaya Hidup
    • Infografik
    • Kemasyhuran & Kekayaan
  • Money Management
  • Investment
  • Insurance
  • Cards
  • Guides
  • Online Shopping Guide
  • Go to iMoney.my
Home › Latest Articles › Sponsored › Why You Should Be Selective About Your Car Insurance

Why You Should Be Selective About Your Car Insurance

May 11, 2017
Autos, Infographic, Sponsored
Share this!
  • Share
  • Tweet
  • Email
  • WhatsApp

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.

Share this article

Share this!
  • Share
  • Tweet
  • Email
  • WhatsApp

Leave your comment

Infographic
avoid credit card interest charges

How To Win Against Credit Card Interest Charges

How Confident Are Malaysians About Their Retirement Plans?

insurance for young adults

Do You Need To Buy Insurance When You Are Young?

Majority Of Malaysians Believe Insurance/Takaful Coverage Is Necessary – But How Adequately Covered Are They?

What You Should Look For When Buying A New Home In 2023

Bayar dengan Tap On Phone

Panduan Mendigitalkan Perniagaan Tanpa Kos Yang Tinggi

Tap On Phone MyDebit

Guide To Taking Your Business Digital Without The High Costs

Top 8 Most Expensive World Cup Squads

View more infographics »
iMoney.my Learning Centre
Back to top

iMoney.my is a leading financial comparison website and a trusted personal finance authority to help you make the most out of your money.

  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • Go to iMoney.my
  • Privacy Policy
  • Disclaimer
  • Corporate
  • Advertising@iMoney

© 2023 iMoney Malaysia