Introduction
Many car owners in Malaysia pay more for insurance every year without realizing there are simple ways to save up to 25% from their original premium.
The key is understanding what affects your insurance price and using the right strategies before renewal.
With platforms like BJAK.my, you can easily compare plans from multiple insurers, check your No Claim Discount (NCD), and choose the best protection for your budget — all in one place.
1. Check and Maximize Your NCD Discount
The No Claim Discount (NCD) is a reward given to drivers who make no insurance claims during their policy period.
Each claim-free year increases your discount rate — up to 55% for private cars and 25% for motorcycles.
Example:
If your base premium is RM1,000 and you have a 55% NCD, you’ll only pay RM450 for your next renewal.
That’s why you should avoid making small claims that could reset your NCD and cost you more in the long run.
2. Compare Prices Across Different Insurers
Never buy from the first insurer you see — premium rates vary even for similar coverage.
On BJAK.my, you can:
- Instantly view prices from over 10 insurance companies.
- Filter based on your budget and desired coverage (comprehensive, third party, flood, etc.).
- Choose the most valuable plan before making payment.
Comparing before you buy can make a 10–25% difference in premium costs between insurers.
3. Choose the Right Coverage Type
Many drivers overpay because they include unnecessary add-ons.
Before renewing, review whether add-ons such as:
- Windshield protection
- Towing and roadside assistance
- Natural disaster coverage
are still relevant to your current situation.
If you rarely drive or park in a secure area, removing certain add-ons can help you save significantly.
4. Avoid Coverage Gaps
Some drivers renew their policy weeks after expiry, thinking it doesn’t matter — but it does.
A gap in coverage can cause your NCD record to reset, meaning you’ll lose your 25–55% discount and pay the full premium again.
To avoid this, renew early. BJAK allows renewals up to two months in advance to prevent any lapse in protection.
5. Use Installment Plans (BNPL) for Tight Budgets
Many delay renewal simply because they can’t afford to pay the full amount at once.
With Buy Now Pay Later (BNPL) on BJAK, you can activate coverage instantly and pay in monthly installments — with no hidden fees.
It’s always better to pay in parts than to risk driving without insurance at all.
6. Review Your Vehicle’s Market Value
Insurance premiums are calculated based on your car’s current market value.
If your car is older, avoid over-insuring it — paying for a value higher than market price only increases your premium unnecessarily.
Use a market value calculator (available on BJAK.my or insurer websites) to check your car’s actual worth before confirming your policy.
7. Take Advantage of Promotions and Discount Codes
Some platforms or insurers offer seasonal promo codes or special online discounts for renewals.
For example, BJAK frequently runs promotions that can help you save on additional fees like physical roadtax delivery.
Conclusion
To save on your car insurance premium doesn’t mean cutting coverage — it’s about choosing smartly.
By maximizing your NCD, comparing prices, reviewing add-ons, and using flexible BNPL plans, you can save up to 25% or more every year.
Visit BJAK.my today to check your actual rate and find the most valuable policy before your current one expires.
Read More:
How Does the NCD (No Claim Discount) Work?
How to Claim Insurance When Your Car Is Hit by a Third Party
