Introduction
Car Choice Affects Your Premium because the type of vehicle you select directly impacts both insurance and maintenance costs. For example, sports cars or imported vehicles often carry higher premiums and upkeep expenses, whereas smaller or locally made models are generally more affordable. With BJAK, car owners can compare insurance premiums, understand potential maintenance costs, and make well-informed purchasing decisions without surprises.
1. Factors That Affect Insurance Premiums
- Car type: SUV, sedan, hatchback, or imported car
- Value: More expensive cars usually have higher premiums
- Vehicle age: New cars vs. cars older than 5 years—higher risk of damage
- Policy type: Comprehensive, Takaful, or basic coverage
2. The Relationship Between Maintenance & Insurance
- High maintenance costs can increase the risk of damage and claims
- Expensive workshops or hard-to-find spare parts add repair costs
- BJAK helps monitor policies that cover damages according to your car’s value
3. Smart Tips for Choosing a Car for Optimal Premium & Maintenance
- Choose a car that is easy to maintain and has readily available spare parts
- Compare insurance premiums via BJAK before purchase
- Consider resale value and potential repair costs
- Select insurance policies with add-ons suitable for your area’s risk
Conclusion
Car Choice Affects Your Premium in more ways than just the purchase price or style. For instance, the type of car you choose can significantly impact your insurance premiums and maintenance costs. Fortunately, BJAK allows users to compare policies, evaluate potential risks, and select the right vehicle—helping them save on costs while still keeping safety a priority.
Read More:
Financial Adviser License (FA) – Roles & BNM Requirements
Insurans & Add-ons BJAK: Pilih Coverage Ikut Kereta & Risiko
