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With the continued liberalization of motor insurance tariffs, here is what to expect for your renewal premiums next year.
The Phase 2 Liberalization
Bank Negara Malaysia has continued the push for de-tariffication. This means insurance companies can now price their products more freely based on Risk Factors.
What Affects Your Premium?
It's no longer just about the car engine CC and sum insured. Insurers now look at:
How to Save?
Always compare quotes. I provide free insurance renewal services for all my customers, comparing quotes from Allianz, Etiqa, and Zurich to find you the cheapest price with the best coverage.
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