In Malaysia, motorcycles are all the rage! They’re not only more affordable than cars but also a popular choice because they can zip around quickly, especially during rush hour. But here’s the thing – motorcycle riders and owners face bigger risks than those behind the wheel of a car. That’s why it’s crucial to have motor insurance to protect yourself from potential hazards. Trust me, you don’t want to ride without it!
And to convince you further, let us share some compelling reasons why every motorcycle owner should have insurance.
Motorcycle insurance is mandatory.
Did you know that motorcycle insurance is mandatory in Malaysia? That’s right! If you own a registered motorcycle, you must have a valid road tax under the Road Transport Act 1987. But before you can renew your road tax, you must first renew your insurance.
So, make sure to have at least the most basic insurance, which is a third-party policy, to avoid being fined up to RM2,000 or even spending three months in jail for riding without valid insurance. Stay safe on the road and don’t forget to renew your insurance!
More prone to theft
Shocking statistics from 2020 revealed that there were 16,057 cases of motorcycle theft, compared to only 4,596 cases of car theft. That’s a huge difference! That’s why it’s important to have comprehensive or third-party motorcycle insurance coverage that includes protection against theft and fire. This way, you can rest assured that you will have coverage and be able to make a claim with ease if the worst does happen.
Higher risk of accident
Frightening statistics reveal that for the past two decades, more than 60% of road accidents in Malaysia involve motorcyclists. That’s right, you heard it! Additionally, the Malaysian Institute of Road Safety Research (MIROS) even confirmed last year that 20% of the whopping 500,000 reported accidents involved motorcycles. It’s alarming, isn’t it? That’s why you need insurance!
Comprehensive insurance coverage allows you to breathe easy and make claims if you cause an accident. Moreover, you can also make third-party insurance claims (with any type of policy, including third-party policies) if another vehicle hits you. But beware of it too! The party that caused the accident will not be liable for any claims if you don’t have proper insurance, leaving you high and dry. This can cause significant financial losses, and no one wants that!
Protection against third-party claims
Auto insurance in Malaysia serves an important purpose – protecting you from third-party claims. This means that if you cause an accident that results in injury or damage to someone else’s property, your insurance will cover their losses. And even the most basic insurance policy provides this protection!
Furthermore, this will help ease the mental stress of an accident and also prevent a huge financial burden. By having insurance, victims of the accident can make claims against your policy, ultimately reducing the financial burden on you.
Protect you & your motorcycle with insurance!
Don’t let the joy of riding your motorcycle be overshadowed by the risk of potential accidents or damage. As a motorcycle owner, it’s crucial to take precautions and protect yourself with valid insurance. Make sure your beloved ride is always covered and safeguarded against any unforeseen circumstances!
Visit Bjak now at https://bjak.my/ to enjoy exclusive discounts, attractive prices and benefits for your motor insurance without any hassle!
Bjak is one of Malaysia’s biggest insurance comparison websites, offering policies from over 10 brands. Get your free insurance quote from Bjak today!
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