Motor Insurance De-tariff - Is it Cheaper? - Zerotohundred.com


Zerotohundred.com
HOME FEATURES NEWS FORUMS THE MARKETPLACE TIMETOATTACK!
Go Back   Zerotohundred.com > Car Discussions > Car Talk

Reply
 
Tools Search this Thread Display Modes
Old 09-27-2017, 09:55 AM   #1
ixeo
Senior Member
 
ixeo's Avatar
 
Join Date: Jun 2005
Location: KL, Malaysia
Posts: 3,586
Likes: 345
Liked: 2,643 / 1,180 Posts
Default Motor Insurance De-tariff - Is it Cheaper?

The story was that government say after motor insurance de-tariff, our insurance will get cheaper. My question, any of you guys got it cheaper? Referring to comprehensive covers only.

Also, I heard if you walk in to the insurance company yourself, you are entitled to 10% off. How does it work? Anybody can share? Especially for a new car.
__________________
I don't have a car, I sail a boat.
Learn to read between the lines.

WTS: Original Denso Iridium Power Free Shipping
http://www.zerotohundred.com/newforums/engine-and-performance/423770-denso-iridium-power-spark-plugs.html
ixeo is online now   Reply With Quote
Old 09-27-2017, 10:10 AM   #2
lsm1991
Senior Member
 
Join Date: Sep 2011
Location: PJ
Posts: 882
Likes: 43
Liked: 76 / 65 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by ixeo View Post
The story was that government say after motor insurance de-tariff, our insurance will get cheaper. My question, any of you guys got it cheaper? Referring to comprehensive covers only.

Also, I heard if you walk in to the insurance company yourself, you are entitled to 10% off. How does it work? Anybody can share? Especially for a new car.
i was told walk in, they give you a discount (cannot confirm, did mine over the phone)
in my case, i believe its actually abit more exp;
Previously was insured at 23k agreed upon value, comprehensive insurance, 4th year NCD. (that was their suggested value)(had to pay additional 25% loading due to vehicle age AND driver's age)
Now still insured at 23k but at market value, comprehensive insurance, 5th year NCD. (again their suggested value)(they said nowadays theres no loading, just the premium or something, didn't really press for more info since they were the ONLY ones offering me comprehensive!!! no other company wanted to offer me comp )

paid around the same amount. last year and this year.

edit: should mention my vehicle is 22 this year.....
lsm1991 is offline   Reply With Quote
Old 09-27-2017, 03:34 PM   #3
Izso
`(00) Noob
 
Izso's Avatar
 
Join Date: Mar 2004
Location: KL
Posts: 12,935
Likes: 5,432
Liked: 5,885 / 2,739 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by ixeo View Post
The story was that government say after motor insurance de-tariff, our insurance will get cheaper. My question, any of you guys got it cheaper? Referring to comprehensive covers only.

Also, I heard if you walk in to the insurance company yourself, you are entitled to 10% off. How does it work? Anybody can share? Especially for a new car.
Cheaper my sorry flabby fat ass.

They ask you a few other things and start loading which balances out the savings to no savings.

- Your age : The younger you are the higher the insurance
- When was the last time you claimed? Within 5 years got claim - higher insurance
- Where do you park your car? Covered in landed or in apartment? Any sort of exposure means higher insurance
- Age of car : older is higher tariff. 17 year old car loading 10%. Older than 7 years is 5%. Older more loading.
- Is car modified? Yes higher insurance.
- Is your car high performance? Large CC? Yes higher insurance.

I got my 10% walk-in discount and get it countered with my 1JZ being 2.5 and the car being 17 years old. I have max NCD and no claims in the last 10 years end up the insurance is the same as I would have paid before the de-tariff.

The only way to get a good proper discount is to have a friend work in an insurance company and have them remove all the stupid loading and give you flat rate without loading. Then cheaper.
__________________
www.racenotrice.com
Izso is offline   Reply With Quote
The Following 2 Users Liked Izso For This Useful Post:
alcyon (09-28-2017), vr2turbo (10-03-2017)
Old 09-27-2017, 04:25 PM   #4
lsm1991
Senior Member
 
Join Date: Sep 2011
Location: PJ
Posts: 882
Likes: 43
Liked: 76 / 65 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by Izso View Post
Cheaper my sorry flabby fat ass.

They ask you a few other things and start loading which balances out the savings to no savings.

- Your age : The younger you are the higher the insurance
- When was the last time you claimed? Within 5 years got claim - higher insurance
- Where do you park your car? Covered in landed or in apartment? Any sort of exposure means higher insurance
- Age of car : older is higher tariff. 17 year old car loading 10%. Older than 7 years is 5%. Older more loading.
- Is car modified? Yes higher insurance.
- Is your car high performance? Large CC? Yes higher insurance.

I got my 10% walk-in discount and get it countered with my 1JZ being 2.5 and the car being 17 years old. I have max NCD and no claims in the last 10 years end up the insurance is the same as I would have paid before the de-tariff.

The only way to get a good proper discount is to have a friend work in an insurance company and have them remove all the stupid loading and give you flat rate without loading. Then cheaper.
HAH!!! so there is loading.... no loading my arse..... should check the insurance cover letter(or is it called note) dont recall loadings being mentioned.

and yeah they did question me....
- Your age
- Any incidents in the last 5 years
- Parking which area AND if its covered
- Age of car
- Is car modified? YAY they didn't ask me this (cukur)
- Is this model a coupe?
- Alarm installed

they did say i got 10% off buying over the phone....
lsm1991 is offline   Reply With Quote
Old 09-27-2017, 09:48 PM   #5
6UE5t
Senior Member
 
6UE5t's Avatar
 
Join Date: Oct 2010
Location: Kuala Lumpur
Posts: 4,995
Likes: 620
Liked: 1,003 / 734 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by Izso View Post
Cheaper my sorry flabby fat ass.
...
- Is your car high performance? Large CC? Yes higher insurance.

I got my 10% walk-in discount and get it countered with my 1JZ being 2.5 and the car being 17 years old. I have max NCD and no claims in the last 10 years end up the insurance is the same as I would have paid before the de-tariff.

The only way to get a good proper discount is to have a friend work in an insurance company and have them remove all the stupid loading and give you flat rate without loading. Then cheaper.
Huh, higher CC now gets more expensive insurance?? Hmmm another too simplified dumb rule! I really need to change my car I suppose.

So who works in insurance company now?
6UE5t is offline   Reply With Quote
Old 09-28-2017, 01:34 PM   #6
lsm1991
Senior Member
 
Join Date: Sep 2011
Location: PJ
Posts: 882
Likes: 43
Liked: 76 / 65 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by 6UE5t View Post
Huh, higher CC now gets more expensive insurance?? Hmmm another too simplified dumb rule! I really need to change my car I suppose.

So who works in insurance company now?
i thought that has been the case all these years?
lsm1991 is offline   Reply With Quote
Old 09-28-2017, 06:56 PM   #7
sweelt
1000bhp Senior
 
sweelt's Avatar
 
Join Date: Nov 2016
Location: Penang
Posts: 1,475
Likes: 206
Liked: 117 / 99 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

like that, i better get my friends to do insurance for me.
sweelt is online now   Reply With Quote
Old 09-29-2017, 10:22 AM   #8
Nicholasng925
5bhp Stock
 
Nicholasng925's Avatar
 
Join Date: Jul 2014
Location: Kuala Lumpur
Posts: 43
Likes: 4
Liked: 6 / 5 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by 6UE5t View Post
Huh, higher CC now gets more expensive insurance?? Hmmm another too simplified dumb rule! I really need to change my car I suppose.

So who works in insurance company now?
It has always been the case, just that now the premium pricing is more risk-based rather than with tariff.
Nicholasng925 is offline   Reply With Quote
The Following User Likes Nicholasng925 For This Useful Post:
Izso (09-29-2017)
Old 10-02-2017, 02:17 PM   #9
Sidchan
5bhp Stock
 
Sidchan's Avatar
 
Join Date: Oct 2017
Location: Kuala Lumpur
Posts: 18
Likes: 8
Liked 1 Time in 1 Post
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Can survey first before renew
Sidchan is offline   Reply With Quote
Old 10-03-2017, 07:53 AM   #10
Nicholasng925
5bhp Stock
 
Nicholasng925's Avatar
 
Join Date: Jul 2014
Location: Kuala Lumpur
Posts: 43
Likes: 4
Liked: 6 / 5 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by Sidchan View Post
Can survey first before renew
Yes you are right. Now that the insurers are free to price a risk profile accordingly, everyone should and is encouraged to shop around for the best quotation for your motor insurance. The pricing models may be similar for some companies but chances are they are different.
Nicholasng925 is offline   Reply With Quote
Old 10-03-2017, 09:08 AM   #11
vr2turbo
Moderator
 
Join Date: May 2010
Location: Petaling Jaya
Posts: 25,873
Likes: 1,654
Liked: 7,727 / 5,797 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by ixeo View Post
The story was that government say after motor insurance de-tariff, our insurance will get cheaper. My question, any of you guys got it cheaper? Referring to comprehensive covers only.

Also, I heard if you walk in to the insurance company yourself, you are entitled to 10% off. How does it work? Anybody can share? Especially for a new car.
Yes, you get 10% off if you buy direct from Insurance company. If go through agent, agent gets the cut.....lol
vr2turbo is offline   Reply With Quote
Old 10-03-2017, 09:16 AM   #12
vr2turbo
Moderator
 
Join Date: May 2010
Location: Petaling Jaya
Posts: 25,873
Likes: 1,654
Liked: 7,727 / 5,797 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by Izso View Post
Cheaper my sorry flabby fat ass.

They ask you a few other things and start loading which balances out the savings to no savings.

- Your age : The younger you are the higher the insurance
- When was the last time you claimed? Within 5 years got claim - higher insurance
- Where do you park your car? Covered in landed or in apartment? Any sort of exposure means higher insurance
- Age of car : older is higher tariff. 17 year old car loading 10%. Older than 7 years is 5%. Older more loading.
- Is car modified? Yes higher insurance.
- Is your car high performance? Large CC? Yes higher insurance.

I got my 10% walk-in discount and get it countered with my 1JZ being 2.5 and the car being 17 years old. I have max NCD and no claims in the last 10 years end up the insurance is the same as I would have paid before the de-tariff.

The only way to get a good proper discount is to have a friend work in an insurance company and have them remove all the stupid loading and give you flat rate without loading. Then cheaper.
My wife's forester comes with Metasat security, given free service for 1st year. It was mentioned if you have better security can get some percentage off, but seems they only tie up with AXA, so other insurance won't give the discount. The other part is get small discount but the renewal is like RM400 per year ......lol
vr2turbo is offline   Reply With Quote
Old 10-03-2017, 09:17 AM   #13
vr2turbo
Moderator
 
Join Date: May 2010
Location: Petaling Jaya
Posts: 25,873
Likes: 1,654
Liked: 7,727 / 5,797 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by sweelt View Post
like that, i better get my friends to do insurance for me.
Friend do, you don't get the 10%......lol
vr2turbo is offline   Reply With Quote
Old 10-03-2017, 09:24 AM   #14
sweelt
1000bhp Senior
 
sweelt's Avatar
 
Join Date: Nov 2016
Location: Penang
Posts: 1,475
Likes: 206
Liked: 117 / 99 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Wahhh... Welcome back from 'eat air', lol...
sweelt is online now   Reply With Quote
Old 10-03-2017, 10:15 AM   #15
adibkhld
5bhp Stock
 
Join Date: Oct 2017
Location: Kuala Lumpur
Posts: 6
Likes: 0
Liked: 2 / 2 Posts
Default Re: Motor Insurance De-tariff - Is it Cheaper?

Quote:
Originally Posted by 6UE5t View Post
Huh, higher CC now gets more expensive insurance?? Hmmm another too simplified dumb rule! I really need to change my car I suppose.

So who works in insurance company now?
I thought this has been applied since ages.

Before this, the insurance only covered for the car. But starting last July, it include car + risk of the driver.

And after asking some of my friends, their insurance tariff increase around 150 to 200 from previous years.
adibkhld is offline   Reply With Quote
The Following User Likes adibkhld For This Useful Post:
Apeng08 (10-03-2017)
Reply

  Zerotohundred.com > Car Discussions > Car Talk

Previous: Previous Thread | Next Thread :Next

Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

SEARCH

Our YouTube Videos









2000 - 2017 Zerotohundred.com - The Automotive Enthusiasts' Network | Tags | Terms of Use | Visitor Agreement | Privacy Policy | Contact Us | Privacy Statement | Top