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How to Find the Best Car Insurance Deals in Malaysia?

Is it time to renew your car insurance policy? Find out all about the benefits of buying online for added convenience and to get all best deals!

How Exactly Does One Find the Best Car Insurance Deals in Malaysia?

Compare, compare, compare!

However, as many will attest, this is easier said than done with the way we currently buy car insurance. You may have an agent or buy direct, which is all well and good, but how do you know that you are actually getting the best deals?

Well you won’t know unless you actually do the legwork, put in the time and research all the policies available. Of course, the best way to compare for the best car insurance deals in Malaysia for its price, coverage, and user experience is to do it online and here’s why:

More Choices

When buying online, you’ll be open to more policy options and insurance providers as well. This should give you a better chance at finding a plan that makes the most sense for your needs and budget. Also, more choices might mean more competition among providers and this typically translates into better deals for buyers. So look out Malaysia!

Potentially Cheaper

Buying online could be cheaper for various reasons, the absence of an agent’s commission being one of it. Moreover, online insurance providers might benefit from lower operational costs and are able to offer more attractive, affordable rates. Buying direct and online could also mean added discounts on top of your No Claim Discount, which can help lower premiums significantly.

Conveniently Compare

You won’t have to physically walk-in to an office, meet an agent or call up several insurance providers to check on premiums and coverage. In fact, comparing between several major providers can be done in one fell swoop and with the use of filters, you can zero in on the perfect policy for your needs in a matter of seconds.

Get a Policy (Almost) Instantly

If you tend to leave things like renewing your car insurance policy to the last-minute (it’s a Malaysian thing, no?), you can be issued with a cover note with lightning speed when buying online. Once you’ve chosen a policy and paid the premium, you can expect your cover note within the same working day (where possible).

No Pressure to Buy

You can browse and research without feeling guilt pangs about not buying from a certain provider or agent that you’ve made contact with. You can just keep ‘window-shopping’ till you find the policy that really drives you.

Buy Anytime, Anywhere

You don’t have to go anywhere to buy your policy; you can complete the purchase directly from the comfort of your home (and pyjamas). You are also not likely to be confined to working hours or standard workdays because as long as you are online, you’ll have access. All you need to compare an insurance policy online is your computer, an internet connection and an online bank account or credit card once you’ve decided to buy.

Check Ratings and Scores

It’s true, some plans are better than others but it’s impossible to know if you don’t do your homework. However, reading through the details of numerous policies can be tedious and confusing. When buying online though, you cut through the muck and get the information you want. Finder rates unbiasedly and moreover, you can also read fellow user reviews to make your choice.

Straightforward Claims Process

While the actual process when making claims varies with providers, online policies are characteristically direct and streamlined to make it easy for policyholders to claim. This is to account for the fact that traditional policy claims were often facilitated by the agent. But don’t worry; even online, you’re still in good hands!

Now you know why it can be supremely beneficial to buy (or renew) your car insurance online, here are some quick tips to help you find the best deals online:

  • Don’t just prioritise discounts and extras. See the big picture and consider everything, not just the discounts and freebies. You’ll want to look at the overall premium price for the sum insured, availability to purchase online, other added services, etc.
  • Filter your results. You can sort your suggested policies by price, insurer, reviews and more. Doing this will help you save more time and improve your chances of finding the perfect policy for your needs.

  • Read reviews. It’s important to know what the people who have actually used the service or bought a policy are saying. A little light reading is in order.

  • Compare the maximum number of policies allowed. Seeing the suggested policies side by side can help you decide more efficiently and weed out the ones that don’t quite make the cut.

  • Enter the correct information.The motor policy quotes you receive will depend on the information given. So be sure that the details keyed in are always accurate.

In the meantime, let’s get you all prepped up on Car Insurance with these helpful tips:

  1. Top 5 FAQs on Motor Detariffication: What you need to know
  2. A Malaysian Guide To Buying Car Insurance Online
  3. 5 Things Your Car Insurance Policy Won’t Cover
  4. Top 5 Factors That Will Increase Your Car Insurance

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