Choosing the right car insurance is a crucial decision that requires careful consideration, especially when it comes to comprehensive coverage. While comprehensive insurance provides a broad range of protection for your vehicle, not all policies are created equal, making it essential to weigh some factors to get the coverage that best suits your needs. In this guide, we’ll explore four key factors that you should consider before purchasing comprehensive car insurance in Malaysia.
Risk exposure
The first thing that you should do before anything is identify your risk exposure. This includes understanding your driving habits, your profile and the risk factors that it accompanies. For instance, if you have a history of involving in accidents, then you should consider a comprehensive policy over other types of coverage.
Likewise, if you frequently go on long-distance trips, 1st party insurance is ideal as it offers adequate coverage, including roadside assistance, free towing and more.
Insurer’s credibility
After taking your risk factors into account, consider the insurer’s credibility to decide if they’re reliable. Research the insurer online and read customer reviews to understand the quality of service provided and their claims process. Select policies from insurers who are highly rated and have positive reviews, even if the policy costs more.
Having a reliable insurer is crucial to ensure peace of mind in case a mishap strikes. Many vehicle owners run into problems with insurance companies during claims submission and when they need urgent need of help, all because they didn’t review the service before.
Add-on coverage
Add-ons are optional coverage that you can purchase by paying additional premiums to your existing policy. Among other policies, comprehensive coverage allows car owners to customise various add-ons, such as the inclusion of special perils, windscreen damage, strike, riot and commotion (SRCC) and more.
Hence, review the add-ons available for your car policy before finalising the purchase. Ensure that it extends protection to some of your biggest coverage concerns.
Deductibles
Most comprehensive policies come with a deductible, which is a predetermined amount that you agree to pay before your insurance company compensates for losses. Deductibles aren’t the best part of comprehensive insurance but you should set your limits to one that you can manage.
This is because it is possible for some insurers to set a higher deductible amount depending on the type of vehicle and customisations that you make. So, be sure to take the deductible factor into account as well to avoid paying a hefty amount when losses are incurred.
Buying comprehensive car insurance
Selecting the right comprehensive policy involves thoughtful consideration of risk exposure, deductibles, additional benefits, and insurer reputation. By evaluating these factors, you can tailor your policy to align with your unique needs, providing peace of mind and optimal protection for your vehicle in various scenarios on the road.
Bjak is one of Malaysia’s biggest insurance comparison websites, offering policies from over 10 brands. Visit Bjak today to get your free insurance quote!
Read more:
