Introduction
Ever opened your inbox or WhatsApp and thought, “Wait, my car insurance premium went up?” Chill, you’re not alone. Several factors can make your premium jump. Here, we break down 7 of the most common reasons — plus a few tips to soften the blow.
7 Reasons Premiums Increase
| Reason | Why It Matters |
| 1. Age & Driving Experience | Young or new drivers are seen as higher risk → higher premiums. |
| 2. Accident / Claim History | Claims from last year can make insurers raise your rate. |
| 3. Location | High-theft or flood-prone areas → higher risk → higher premium. |
| 4. Car Value / Model | Expensive cars or certain models cost more to repair → premiums up. |
| 5. Inflation & Repair Costs | Parts and labor costs rise → so does premium. |
| 6. Type of Coverage & Add-ons | Add-ons like flood, windscreen, VIP Road Assist → higher premium. |
| 7. Insurer Policies & Variations | Each company reviews risk differently, prices can vary → compare before renew. |
Tips to Avoid High Premiums
- Compare prices – Check quotes on Bjak, MyEG, Pos Malaysia.
- Know your coverage – Skip unnecessary add-ons.
- Keep claim history clean – Fewer small claims → lower risk rating.
- Park safely – Lower theft/flood risk → lower premiums.
Quick FAQs
1.Premiums going up every year? – Not necessarily. A bunch of things like your accident record, car repairs, and even where you live all play a part.
2. Can you negotiate rates directly?
Usually online platforms like Bjak / MyEG offer comparison, direct negotiation is rare.
3. How to maintain low premiums on a new car?
Understand comprehensive coverage, avoid small claims, and compare prices before renewal.
Conclusion
Well, seeing your car insurance premium went up kinda sucks, right? But honestly, it’s not about punishing you. It’s just that stuff like your driving record, repair costs, and overall risk kinda plays a role. Keep these 7 reasons in mind, plan a bit smarter, and next renewal? Way less of a headache — seriously, it makes life easier.
Read More:
7 Car Insurance Tricks Many Drivers Don’t Realize
Digital Roadtax Malaysia: Step-by-Step Guide to Renew Online
