Introduction
Okay, let’s be honest — loads of drivers hear stuff about car insurance prices and just assume it’s true. Some of it comes from friends, some from social media, and, well… not all of it checks out. So, let’s go through 5 common myths about car insurance pricing and figure out what’s fact and what’s fiction.
Myth 1: New cars always cost more to insure
You might think a brand-new car automatically means a bigger bill. But here’s the deal: it’s not just about the car’s age. What really matters are the car’s value, the coverage type, your driving record, and the insurance company you pick. So a new car doesn’t always drain your wallet — trust me.
Myth 2: Young drivers always pay a lot
Sure, age plays a role. But that doesn’t mean every young driver is stuck with sky-high premiums. Things like your no-claim discount (NCD), the type of car you drive, and your coverage plan make a big difference. So don’t freak out just because you’re under 25.
Myth 3: All comprehensive insurance is the same
Here’s a common one: people think every comprehensive plan is basically identical. Not true. Different companies toss in different perks, promos, or extras like BJAK VIP Rescue or roadside assistance. The takeaway? Compare benefits, not just prices, and you might be surprised what you get for your money.
Myth 4: Buying online is always cheaper
Platforms like BJAK, MyEG, or JPJ/MyJPJ are super convenient — no arguments there. But cheap online doesn’t always mean better value. Your premium still depends on the insurance company. So, yeah, check the coverage too. Don’t just go for the “low price” label.
Myth 5: The cheapest insurance always saves the most
Sometimes the lowest price comes with limited protection or no extras at all. Don’t be fooled. It’s about value and real coverage, not just what looks like a bargain.
Conclusion
So in conclusion, car insurance premiums factor more than just age, bought new/old or through online platforms. Understanding these 5 common myths regarding car insurance and filtering out the facts helps you make the better choices. Getting the the right information is crucial as it can set your expectations on how you can save money without foregoing the protection.
Read More:
Complete Guide to Making an Accident Claim with Takaful Malaysia
How to Renew Car Roadtax Online in Malaysia
Takaful vs Conventional Insurance: A Guide for Malaysian Drivers
