Just Bought a Car? Here are Some Tips for You to Get the Best Car Insurance!

In Malaysia, having car insurance isn’t just a legal requirement; it’s also your safety net in case of accidents or other unforeseen events. Discover why securing the right insurance for your new car could save you in the long run. 

When shopping for car insurance, keep in mind that the amount you pay can vary based on factors like your car’s value, whether you’re a new driver, your annual mileage and more.

Car value: The make, model, and year of your car affect your premiums. A brand-new luxury car, for example, will cost more to insure as repair and replacement costs are higher.  

New vs. experienced driver: New drivers less experience may be viewed as higher risk higher insurance premium. On the other hand, experienced drivers with no record of accidents might be quoted a lower premium.

Annual mileage:  The number of miles you drive is an important factor in setting your motor insurance premium. Driving less means a lower risk on the road, which can lead to lower premiums.

Driving history: A clean driving record with no accidents or traffic violations can help you secure lower premiums. On the other hand, a history of accidents or violations can make your insurance more expensive.

But there’s a hack! Some car insurance, like CIMB Secure Motor insurance, doesn’t take into account the factors above!

Our policy does not look at your annual mileage and driving history to derive the premium you pay. We want to make sure that you are fully covered and getting your money’s worth—that’s why we only offer comprehensive insurance policies. 

Before committing to a policy, you can compare quotations from different providers. Most of the time, you would have to set up an appointment or make a call to these insurance companies to get a quote. But with CIMB, you can get it online from the comfort of your home or office.

You should also keep an eye out for any discounts or special offers, you never know when you might find a great deal! You could also speak to an insurance agent to get a second opinion. Their expertise might make you more comfortable with your decision or help you better understand your options.

And speaking of trusted opinions, CIMB offers extensive coverage for car insurance plans. If you’re not sure where to start, check out our offers—something might catch your eye!

Remember, don’t wait until the last minute to renew your car insurance! Start shopping around two months before your insurance expires so you have enough time to choose the best policy. By staying on top of your insurance, you’ll enjoy safer travels and worry less about potential mishaps.

Ready to explore your options? Get a quote today or speak to us to find out more. Safe travels!