Introduction
A lot of drivers in Malaysia don’t realize that you can actually change insurance company anytime if you’re buying a new policy and your current one is about to expire. Many still think that once you’ve bought from Company A, you’re stuck with them. The truth is, you can choose a different provider depending on your budget or the coverage you want. Check out this article to see how to make the switch smoothly.
Can You Switch Insurance Companies?
Yes, you can change your insurance company every time you renew roadtax. There’s no law stopping drivers from choosing a different provider. As long as you have options and want to buy a new policy, it’s totally fine.
What Should You Consider?
Before switching insurers, keep these in mind:
- Price comparison –Compare ALL prices from every panel to get the best deals.
- Coverage type –Make sure the new policy fits your needs at the best price.
- Claims history – Sometimes the new company will check your claims record before offering the best rate.
- Coverage continuity – Make sure there’s no gap so your car is always protected.
How to Switch Insurance Companies When Renewing
- Choose a new insurance company and purchase the policy.
- Obtain the new policy or cover note.
- Go to JPJ/MyJPJ, MyEG, Pos Malaysia, or BJAK to renew your roadtax using the new policy.
- Cancel your policy or wait till expires.
Conclusion
So in the end, there’s no issue if you wish to change up your choices for car insurance renewal, just got to make sure to compare the prices so you’re getting the best deals with good coverage. Being prepared doesn’t mean buying the most expensive or buying in advance, without knowledge you’re just overpaying for coverage you don’t even need.
Read More:
How to Avoid JPJ Fines at a Roadblock
Difference Between a Car Insurance Cover Note vs Full Policy
