Motor Insurance De-tariff - Is it Cheaper?

[Kolbeinn]

De-tariffication = removing tariff. Bank Negara will no longer control motor insurance premium or the method of its calculation under de-tariffication.

 

[vr2turbo]

is this not normal? i believe this has been the case for my friends since long ago, min value 10k but payoff is the market value

Yah! but at least can still cover, unlike 3rd. party gone loh......

 

[vr2turbo]

Thats the thing..the bike is rare,furthermore mine is all stock std except the sportrim.

Problem is if its stolen as i am riding more and more nowadays.

Stand lock, disc (if have) lock, Chain lock.....hhahhahahha

 

[sweelt]

Stand lock, disc (if have) lock, Chain lock.....hhahhahahha

No disc brake. Stand lock, apa lock also....thief just carry away. Just don leave the motorcycle too long.

 

[vr2turbo]

No disc brake. Stand lock, apa lock also....thief just carry away. Just don leave the motorcycle too long.

Like for my bicycle I chain to railing or water pipe.....lol

 

[parakey]

so if i wanna keep my 17yr old wira ...

Your's is considered a young wira; 17 years old still cannot vote. Mine is past voting age. :stickyman:

Think I will go for 3rd party next year. Comprehensive not much use. The other time when the BMW rear ended me, the insurers suggested a total write-off. I rather fix it out of my own pocket

 

[sanekit]

Your's is considered a young wira; 17 years old still cannot vote. Mine is past voting age. :stickyman:

Think I will go for 3rd party next year. Comprehensive not much use. The other time when the BMW rear ended me, the insurers suggested a total write-off. I rather fix it out of my own pocket

car registered year 2000. haha. my car also had a terrible accident before. claimed 10k for repairs. chassis still not straight.

 

[parakey]

car registered year 2000. haha. my car also had a terrible accident before. claimed 10k for repairs. chassis still not straight.

Lol . . after such damage, we are still keeping our cars. Ha Ha ... we do love our cars.

 

[sanekit]

Lol . . after such damage, we are still keeping our cars. Ha Ha ... we do love our cars.

sentimental value. haha. found one chassis guy can help me straighten it for quite a cheap price but havent send it yet coz i got no transport. the car is daily driven. need to get backup transport first.

 

[parakey]

sentimental value. haha. found one chassis guy can help me straighten it for quite a cheap price but havent send it yet coz i got no transport. the car is daily driven. need to get backup transport first.

Hmm .. I might have need for your guy. Please let me know later if repairs are to your satisfaction

 

[vr2turbo]

sentimental value. haha. found one chassis guy can help me straighten it for quite a cheap price but havent send it yet coz i got no transport. the car is daily driven. need to get backup transport first.

Get another wira. One for daily, one for mod......lol

 

[sanekit]

Hmm .. I might have need for your guy. Please let me know later if repairs are to your satisfaction

will update back when i send it.

 

[^pomen_GTR^]

Get use to it man... me pay loading for nearly 5 years already from 5% to 30% although the agent is my aunt where she always get the best cover for my Kancil but this year 21 years already and she said not worth since loading is high, asking me to change to 3rd party since sum insured just 8,000 only..

To tell the truth.. no such things in bolehland change something without digging our pocket cheaper.. if got also in dreams..

still can cover below 10k nowadays?


mine lowest can get is 12k from etiqa

 

[vr2turbo]

still can cover below 10k nowadays?


mine lowest can get is 12k from etiqa

Mine minimum is 10k

 

[gunnerzz]

Thats the thing..the bike is rare,furthermore mine is all stock std except the sportrim.

Problem is if its stolen as i am riding more and more nowadays.

i could not get 1st party so die2 have to take 3 rd party lah.
They said the bike has no value anymore...
Funny coz for car the minimum is MYR12k...
does that mean they value the Proton Tiara at 12k?


Malaysia.....Oh Malaysia....
Tanah air tercinta.

 

[^pomen_GTR^]

i could not get 1st party so die2 have to take 3 rd party lah.
They said the bike has no value anymore...
Funny coz for car the minimum is MYR12k...
does that mean they value the Proton Tiara at 12k?


Malaysia.....Oh Malaysia....
Tanah air tercinta.

yes indeed...


but even funnier is when claim time they didnt calculate the value using 12k insured.. but they use actual market price... funny like hell

 

[Izso]

So I heard from Titanrev that AXA insurance has this device which you can buy for RM70 which'll tell you your driving style. If you are all good, the next time you renew insurance with AXA it's an additional 20% off.

That's not bad leh.

 

[6UE5t]

So I heard from Titanrev that AXA insurance has this device which you can buy for RM70 which'll tell you your driving style. If you are all good, the next time you renew insurance with AXA it's an additional 20% off.

That's not bad leh.

It's like a spy on your car, no thx!

Anyway, surely my driving style will NOT give me that additional 20% discount!

 

[gunnerzz]

It's like a spy on your car, no thx!

Anyway, surely my driving style will NOT give me that additional 20% discount!

install in our mothers car lor...then when want to renew insurance only reinstall to our car.
unless it ties to our ecu...

 

[parakey]

install in our mothers car lor...then when want to renew insurance only reinstall to our car.
unless it ties to our ecu...

The way some women drive, extra loading 30%. Better install on some non-VR4 Uncle's car

 

[loose_end]

The effect of de-tariff seems to be uncertain or yet to be significant lower in terms of premium. This topic is highly discussed in the insurance forum but insurer are not willing to share the information; thus, difficult for lay man to tell the effect of de-tariff.

Example
- Underwriter are not willing to tell the reason behind the loading of a particular vehicle.

 

[vr2turbo]

So I heard from Titanrev that AXA insurance has this device which you can buy for RM70 which'll tell you your driving style. If you are all good, the next time you renew insurance with AXA it's an additional 20% off.

That's not bad leh.

Found this.....
https://www.axa.com.my/axa-flexi-drive-faq-page

Unlike my wife's forester, we have to pay for the services, which I heard is around RM400 to renew. 1st year given free from Motor Image Subaru...

 

[Izso]

It's like a spy on your car, no thx!

Anyway, surely my driving style will NOT give me that additional 20% discount!

I'm not sure. Imagine you have an expensive car and premiums are high.. 20% is a lot man.

 

[vr2turbo]

I'm not sure. Imagine you have an expensive car and premiums are high.. 20% is a lot man.

Brother, if can afford an expensive car, premium is nothing.......lol

 

[Izso]

Brother, if can afford an expensive car, premium is nothing.......lol

Well, 2JZ vs 1JZ.... 20% is still money mah