{"id":8426,"date":"2014-02-14T13:07:53","date_gmt":"2014-02-14T05:07:53","guid":{"rendered":"http:\/\/www.imoney.my\/articles\/?p=8426"},"modified":"2015-04-03T15:51:43","modified_gmt":"2015-04-03T07:51:43","slug":"motor-insurance-premium","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium","title":{"rendered":"Motor Insurance Premium Increase By 15%, Effective Feb 15, 2014"},"content":{"rendered":"<p style=\"text-align: left;\"><a href=\"\/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-8428 aligncenter\" alt=\"car-insurance-red\" src=\"\/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red-1024x631.jpg\" width=\"762\" height=\"469\" srcset=\"\/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red-1024x631.jpg 1024w, \/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red-300x185.jpg 300w, \/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red-81x50.jpg 81w, \/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red.jpg 1200w\" sizes=\"auto, (max-width: 762px) 100vw, 762px\" \/><\/a>Auto insurance rates will be revised upward again by 15%, effective January 15, 2014. The latest revision will be the third revision under the new motor cover framework introduced in 2012.<\/p>\n<p>\u201cThe new revised rates do not come as a surprise as it is a continuation of the revision of the motor tariff premiums as part of the new motor cover framework,\u201d announced Bank Negara on <i>StarBiz<\/i>.<\/p>\n<p>According to the General Insurance Association of Malaysia (PIAM), the premium adjustment for a private car of 1,400cc will be between RM6 and RM34 per year.<\/p>\n<p>For motorcycles of 110cc, there will be a premium increase of between RM1 and RM3.50.<\/p>\n<p style=\"text-align: center;\"><a href=\"\/articles\/wp-content\/uploads\/2014\/02\/new-motor-insurance-tariff.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-8427 aligncenter\" alt=\"new motor insurance tariff\" src=\"\/articles\/wp-content\/uploads\/2014\/02\/new-motor-insurance-tariff.png\" width=\"691\" height=\"594\" srcset=\"\/articles\/wp-content\/uploads\/2014\/02\/new-motor-insurance-tariff.png 864w, \/articles\/wp-content\/uploads\/2014\/02\/new-motor-insurance-tariff-300x257.png 300w, \/articles\/wp-content\/uploads\/2014\/02\/new-motor-insurance-tariff-58x50.png 58w, \/articles\/wp-content\/uploads\/2014\/02\/new-motor-insurance-tariff-435x375.png 435w\" sizes=\"auto, (max-width: 691px) 100vw, 691px\" \/><br \/>\n<\/a><i style=\"font-size: 13px;\">Comprehensive and third party insurance tariff for private cars comparison between 2013 and 2014<\/i><\/p>\n<p>&nbsp;<\/p>\n<p>According to analysts, as quoted in a report published in <i>The Star<\/i>, the latest adjustment to motor insurance premium rates will not have a significant impact on insurers\u2019 bottom lines.<\/p>\n<p>Under the framework, premium adjustments take effect from Jan 1, 2012 over a period of four years. This year represents the third round of adjustments on motor tariff premium rates.<\/p>\n<p>These yearly increases will continue until the planned detariffing of motor insurance premiums in 2016, when premium rates will be further differentiated in accordance to the individual risk profile of vehicles, owners, as well as potential pricing differences between insurers.<\/p>\n<p>When the detariffing comes into effect, we might see the emergence of \u2018full service\u2019 insurers with higher rates but more perks such as complimentary tow truck service, as well as \u2018budget no frills\u2019 insurers.<\/p>\n<h2>How much is Your Motor Insurance Premium Now?<\/h2>\n<p style=\"text-align: center;\"><a href=\"\/articles\/wp-content\/uploads\/2014\/02\/New-motor-insurance-premium-infographic_FINAL.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-8431 aligncenter\" alt=\"New motor insurance premium infographic_FINAL\" src=\"\/articles\/wp-content\/uploads\/2014\/02\/New-motor-insurance-premium-infographic_FINAL-665x1024.png\" width=\"665\" height=\"1024\" srcset=\"\/articles\/wp-content\/uploads\/2014\/02\/New-motor-insurance-premium-infographic_FINAL-665x1024.png 665w, \/articles\/wp-content\/uploads\/2014\/02\/New-motor-insurance-premium-infographic_FINAL-194x300.png 194w, \/articles\/wp-content\/uploads\/2014\/02\/New-motor-insurance-premium-infographic_FINAL-32x50.png 32w, \/articles\/wp-content\/uploads\/2014\/02\/New-motor-insurance-premium-infographic_FINAL.png 934w\" sizes=\"auto, (max-width: 665px) 100vw, 665px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3><b>You can find out your latest motor insurance premium now with our <a href=\"\/car-insurance\" target=\"_blank\">online vehicle insurance calculator<\/a>.\u00a0<\/b><\/h3>\n<h3><\/h3>\n<h3><strong>If you think you are paying too much for your motor insurance premium, find out how you can lower them with these <a href=\"\/articles\/4-tips-to-lower-your-car-insurance-premium\" target=\"_blank\">four tips<\/a>.<\/strong><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Motor insurance rates will be revised upward again by 15%, effective January 15, 2014. So, how much do you have to pay for your motor insurance premium now?<\/p>\n","protected":false},"author":9,"featured_media":8428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[238,133,216],"tags":[],"class_list":["post-8426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-insurance","category-insurance","category-news-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Motor insurance premium increase effective Feb 15, 2014 | iMoney<\/title>\n<meta name=\"description\" content=\"Motor insurance rates will be revised upward again by 15%, effective January 15, 2014. So, how much do you have to pay for your motor insurance premium now?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/motor-insurance-premium\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Motor insurance premium increase effective Feb 15, 2014 | iMoney\" \/>\n<meta property=\"og:description\" content=\"Motor insurance rates will be revised upward again by 15%, effective January 15, 2014. So, how much do you have to pay for your motor insurance premium now?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/motor-insurance-premium\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2014-02-14T05:07:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-04-03T07:51:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"740\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Iris Lee\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iris Lee\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium\"},\"author\":{\"name\":\"Iris Lee\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/f86e2ec4d5692a05a39fb4cb52172a0e\"},\"headline\":\"Motor Insurance Premium Increase By 15%, Effective Feb 15, 2014\",\"datePublished\":\"2014-02-14T05:07:53+00:00\",\"dateModified\":\"2015-04-03T07:51:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium\"},\"wordCount\":304,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium#primaryimage\"},\"thumbnailUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2014\\\/02\\\/car-insurance-red.jpg\",\"articleSection\":[\"Auto Insurance\",\"Insurance\",\"News Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium\",\"name\":\"Motor insurance premium increase effective Feb 15, 2014 | iMoney\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium#primaryimage\"},\"thumbnailUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2014\\\/02\\\/car-insurance-red.jpg\",\"datePublished\":\"2014-02-14T05:07:53+00:00\",\"dateModified\":\"2015-04-03T07:51:43+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/f86e2ec4d5692a05a39fb4cb52172a0e\"},\"description\":\"Motor insurance rates will be revised upward again by 15%, effective January 15, 2014. So, how much do you have to pay for your motor insurance premium now?\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium#primaryimage\",\"url\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2014\\\/02\\\/car-insurance-red.jpg\",\"contentUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2014\\\/02\\\/car-insurance-red.jpg\",\"width\":1200,\"height\":740},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/motor-insurance-premium#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Insurance\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/category\\\/insurance\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Auto Insurance\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/category\\\/insurance\\\/auto-insurance\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Motor Insurance Premium Increase By 15%, Effective Feb 15, 2014\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/f86e2ec4d5692a05a39fb4cb52172a0e\",\"name\":\"Iris Lee\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/27da68adfdc8ee82f9d095d341c5ab6e2513e4a5126b6237615868341a0884d8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/27da68adfdc8ee82f9d095d341c5ab6e2513e4a5126b6237615868341a0884d8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/27da68adfdc8ee82f9d095d341c5ab6e2513e4a5126b6237615868341a0884d8?s=96&d=mm&r=g\",\"caption\":\"Iris Lee\"},\"description\":\"As the former group editor of iMoney, Lee enjoys writing about various topics on personal finance, including property and insurance. She believes that knowledge is the key to making intelligent financial decisions. She currently oversees brand communications for iMoney Group.\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/author\\\/irislee\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Motor insurance premium increase effective Feb 15, 2014 | iMoney","description":"Motor insurance rates will be revised upward again by 15%, effective January 15, 2014. So, how much do you have to pay for your motor insurance premium now?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium","og_locale":"en_US","og_type":"article","og_title":"Motor insurance premium increase effective Feb 15, 2014 | iMoney","og_description":"Motor insurance rates will be revised upward again by 15%, effective January 15, 2014. So, how much do you have to pay for your motor insurance premium now?","og_url":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium","og_site_name":"iMoney Malaysia","article_published_time":"2014-02-14T05:07:53+00:00","article_modified_time":"2015-04-03T07:51:43+00:00","og_image":[{"width":1200,"height":740,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red.jpg","type":"image\/jpeg"}],"author":"Iris Lee","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Iris Lee","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium#article","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium"},"author":{"name":"Iris Lee","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/f86e2ec4d5692a05a39fb4cb52172a0e"},"headline":"Motor Insurance Premium Increase By 15%, Effective Feb 15, 2014","datePublished":"2014-02-14T05:07:53+00:00","dateModified":"2015-04-03T07:51:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium"},"wordCount":304,"commentCount":0,"image":{"@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red.jpg","articleSection":["Auto Insurance","Insurance","News Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.imoney.my\/articles\/motor-insurance-premium#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium","url":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium","name":"Motor insurance premium increase effective Feb 15, 2014 | iMoney","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red.jpg","datePublished":"2014-02-14T05:07:53+00:00","dateModified":"2015-04-03T07:51:43+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/f86e2ec4d5692a05a39fb4cb52172a0e"},"description":"Motor insurance rates will be revised upward again by 15%, effective January 15, 2014. So, how much do you have to pay for your motor insurance premium now?","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/motor-insurance-premium"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium#primaryimage","url":"\/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red.jpg","contentUrl":"\/articles\/wp-content\/uploads\/2014\/02\/car-insurance-red.jpg","width":1200,"height":740},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/motor-insurance-premium#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"Insurance","item":"https:\/\/www.imoney.my\/articles\/category\/insurance"},{"@type":"ListItem","position":3,"name":"Auto Insurance","item":"https:\/\/www.imoney.my\/articles\/category\/insurance\/auto-insurance"},{"@type":"ListItem","position":4,"name":"Motor Insurance Premium Increase By 15%, Effective Feb 15, 2014"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/f86e2ec4d5692a05a39fb4cb52172a0e","name":"Iris Lee","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/27da68adfdc8ee82f9d095d341c5ab6e2513e4a5126b6237615868341a0884d8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/27da68adfdc8ee82f9d095d341c5ab6e2513e4a5126b6237615868341a0884d8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/27da68adfdc8ee82f9d095d341c5ab6e2513e4a5126b6237615868341a0884d8?s=96&d=mm&r=g","caption":"Iris Lee"},"description":"As the former group editor of iMoney, Lee enjoys writing about various topics on personal finance, including property and insurance. She believes that knowledge is the key to making intelligent financial decisions. She currently oversees brand communications for iMoney Group.","url":"https:\/\/www.imoney.my\/articles\/author\/irislee"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/8426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=8426"}],"version-history":[{"count":7,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/8426\/revisions"}],"predecessor-version":[{"id":15165,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/8426\/revisions\/15165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/8428"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=8426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=8426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=8426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}