Introduction
A lot of you drivers tend to wait until the last minute to renew your car insurance thinking it’s a waste whilst your coverage is still active. When in fact, renewing car insurance early by 2 months before expiry date and you’re able to grab in on the cheaper premiums. By doing so, you can avoid penalties and coverage just in case there’s a hiccup in the renewal process.
Why is Renewing Early Cheaper?
1. Protect Your NCD
- No Claim Discount (NCD) may be lost if your policy lapses.
- Renewing early ensures that your NCD will be update to date.
2. Avoid Penalties or Extra Charges
- Some insurers impose surcharges if there’s a gap in coverage.
- Renewing ahead of time saves you from paying unnecessary fees.
3. Lock in Lower Premiums
- Premiums are often adjusted yearly based on risk and inflation.
- By renewing early, you secure your current rate before prices rise.
4. More Time to Compare Policies
- Last minute renewal can cloud your decision making just so your policy is active.
- Renewing early will provide peace of mind by comparing using available platforms
5. Smooth Roadtax Renewal
- Roadtax can only be renewed if insurance is active.
- Renewing early means no stress as the expiry date approaches.
Platforms to Renew Early
You can easily check and renew insurance ahead of time via:
- Bjak – compare multiple insurers at once, with installments from RM50/month.
- MyEG – an official portal for insurance and roadtax.
- JPJ / MyJPJ – direct renewal with the authority.
Conclusion
Don’t be those people that renew at the last minute and end up regretting the potential risk that could befall upon you. Renewing car insurance early is the smartest and safest choice to lock in a better premium at an earlier date by using platforms like Bjak to compare those rates yourself, and when the time comes around to your policy expiry, you’ll know that your new coverage will kick in the next day.
Read More:
Save, Simple & Compare: A Guide to Renewing Online
