{"id":60841,"date":"2026-08-04T21:21:36","date_gmt":"2026-08-04T13:21:36","guid":{"rendered":"https:\/\/bjak.my\/blog\/?p=60841"},"modified":"2026-08-04T21:21:41","modified_gmt":"2026-08-04T13:21:41","slug":"why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium","status":"publish","type":"post","link":"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium","title":{"rendered":"Car Market Value Drops Every Year: How It Hits Your Premium"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_50 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Contents =<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-6a7251002f545\" aria-hidden=\"true\"><span style=\"display: flex;align-items: center;width: 35px;height: 30px;justify-content: center;direction:ltr;\"><svg style=\"fill: #999999;color:#999999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999999;color:#999999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/label><input  type=\"checkbox\" id=\"item-6a7251002f545\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#Introduction\" title=\"Introduction\">Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#Why_Car_Market_Value_Drops_Every_Year\" title=\"Why Car Market Value Drops Every Year\">Why Car Market Value Drops Every Year<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#How_Car_Depreciation_Affects_Your_Premium\" title=\"How Car Depreciation Affects Your Premium\">How Car Depreciation Affects Your Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#The_Risk_of_Ignoring_Depreciation\" title=\"The Risk of Ignoring Depreciation\">The Risk of Ignoring Depreciation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#What_to_Do_Before_Renewal\" title=\"What to Do Before Renewal\">What to Do Before Renewal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#Summary_How_Depreciation_Hits_Your_Premium\" title=\"Summary: How Depreciation Hits Your Premium\">Summary: How Depreciation Hits Your Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#Frequently_Asked_Questions_FAQ\" title=\"Frequently Asked Questions (FAQ)\">Frequently Asked Questions (FAQ)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#Related_Bjak_Guides\" title=\"Related Bjak Guides\">Related Bjak Guides<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#How_Bjak_Helps\" title=\"How Bjak Helps\">How Bjak Helps<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><strong>Introduction<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is a well-known fact that a vehicle&#8217;s worth depreciates over time. Consequently, this steady depreciation quietly shapes your potential payout in Malaysia. Understanding how your <strong>car market value drops every year premium<\/strong> adjustments helps you set the right sum insured and avoid overpaying.<\/p>\n\n\n\n<p>This comprehensive guide explains exactly why cars lose their value over time. Furthermore, it details how that depreciation directly affects your premium and what you should do at renewal.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Why_Car_Market_Value_Drops_Every_Year\"><\/span>Why Car Market Value Drops Every Year<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Depreciation is the natural fall in a car&#8217;s financial worth as it ages, accumulates mileage, and newer models arrive. In fact, most vehicles lose their value fastest in the first few years before slowing down gradually.<\/p>\n\n\n\n<p>Furthermore, general wear and tear, consumer demand, and shifting market conditions all play a massive part. Although it is unavoidable, depreciation is highly predictable, which means you can easily plan your finances around it.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"How_Car_Depreciation_Affects_Your_Premium\"><\/span><strong>How Car Depreciation Affects Your Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Your insurance cost is closely tied to your sum insured, which should accurately track current market prices. As the car depreciates over time, the fair sum insured falls, and so should the premium portion based on it.<\/p>\n\n\n\n<p>If you stubbornly keep insuring at last year&#8217;s higher value, you will pay extra for a value you can no longer claim back. Therefore, right-sizing the sum insured each year keeps your premium efficient and fair.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"The_Risk_of_Ignoring_Depreciation\"><\/span><strong>The Risk of Ignoring Depreciation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you choose to ignore depreciation, you will likely fall into one of two dangerous financial traps. Firstly, you might over-insure the vehicle and overpay on your policy for absolutely no reason.<\/p>\n\n\n\n<p>Secondly, you could accidentally under-insure if market values shift unexpectedly, triggering the average clause penalty. Ultimately, a yearly review of your car&#8217;s valuation keeps you safe and avoids nasty surprises during a total loss claim.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"What_to_Do_Before_Renewal\"><\/span><strong>What to Do Before Renewal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Each year, you must thoroughly check your car&#8217;s current market value before you renew. Instead of guessing, always use a reliable valuation calculator for a highly accurate figure.<\/p>\n\n\n\n<p>Once you adjust your sum insured to match, compare insurers immediately. This vital step ensures your premium perfectly reflects the car&#8217;s true, current value without overcharging you.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Summary_How_Depreciation_Hits_Your_Premium\"><\/span><strong>Summary: How Depreciation Hits Your Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Period \/ Factor<\/strong><\/td><td><strong>Market Value Status<\/strong><\/td><td><strong>Premium Impact<\/strong><\/td><\/tr><tr><td><strong>Year 1<\/strong><\/td><td>High<\/td><td>Higher overall premium<\/td><\/tr><tr><td><strong>Year 3<\/strong><\/td><td>Moderate<\/td><td>Premium gradually declines<\/td><\/tr><tr><td><strong>Year 5 onwards<\/strong><\/td><td>Low<\/td><td>Lower overall premium<\/td><\/tr><tr><td><strong>Sum insured<\/strong><\/td><td>Adjust accurately each year<\/td><td>Avoids over-insurance or under-insurance<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQ\"><\/span><strong>Frequently Asked Questions (FAQ)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul><li><strong>How does this affect my car insurance renewal?<\/strong><\/li><li>It directly shapes your exact coverage and cost. Reviewing how your <strong>car market value drops every year premium<\/strong> changes before renewing helps you avoid overpaying. A quick check on <a href=\"https:\/\/bjak.my\/ms?utm_source=blog&amp;utm_medium=ad&amp;utm_campaign=why-your-cars-market-value-drops-every-year--and-how-it-hits-your-premium\" target=\"_blank\" rel=\"noreferrer noopener\">Bjak.my<\/a> makes this process effortless.<\/li><li><strong>Does depreciation affect my NCD?<\/strong><\/li><li>No, your No Claim Discount (NCD) is earned solely through claim-free years. It only steps down or resets to 0% when you make an at-fault claim, regardless of your car&#8217;s current market value.<\/li><li><strong>Where can I sort this out quickly?<\/strong><\/li><li>On <a href=\"https:\/\/bjak.my\/ms?utm_source=blog&amp;utm_medium=ad&amp;utm_campaign=why-your-cars-market-value-drops-every-year--and-how-it-hits-your-premium\" target=\"_blank\" rel=\"noreferrer noopener\">Bjak.my<\/a>, you can seamlessly compare quotes from over 10 insurers, set the right sum insured automatically, and renew online in just a few minutes.<\/li><\/ul>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Related_Bjak_Guides\"><\/span><strong>Related Bjak Guides<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For more essential context, read our guide on exactly<a href=\"https:\/\/bjak.my\/blog\/car-insurance\/what-affects-your-car-insurance-premium\" target=\"_blank\" rel=\"noreferrer noopener\"> what affects your car insurance premium<\/a>. You can also discover<a href=\"https:\/\/bjak.my\/blog\/car-insurance\/car-insurance-premium-keeps-changing-why\" target=\"_blank\" rel=\"noreferrer noopener\"> why car insurance premiums keep changing<\/a> every year, plus learn exactly<a href=\"https:\/\/bjak.my\/blog\/car-insurance\/car-insurance-claim-approved-but-paid-less\" target=\"_blank\" rel=\"noreferrer noopener\"> why claims can be approved but paid less<\/a> than expected. These guides help you navigate renewal steps, premiums, and claims perfectly.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"How_Bjak_Helps\"><\/span><strong>How Bjak Helps<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bjak makes navigating car depreciation significantly easier. Bjak&#8217;s built-in sum insured calculator pulls your vehicle&#8217;s up-to-date market value automatically. As a result, you can set the right insured amount in seconds instead of blindly guessing.<\/p>\n\n\n\n<p>Everything happens 100% online, so you can sort your insurance in one sitting without paperwork or phone calls. On <a href=\"https:\/\/bjak.my\/ms?utm_source=blog&amp;utm_medium=ad&amp;utm_campaign=why-your-cars-market-value-drops-every-year--and-how-it-hits-your-premium\" target=\"_blank\" rel=\"noreferrer noopener\">Bjak.my<\/a>, you compare quotes from over 10 top insurers side by side in one place, guaranteeing you see the best price and coverage without calling a single agent.<\/p>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In conclusion, depreciation is constant, but its impact on your premium is entirely manageable. Simply review your car&#8217;s market value yearly and insure it for the right amount.<\/p>\n\n\n\n<p>Before your next renewal date approaches, compare quotes and renew in minutes on <strong><a href=\"https:\/\/bjak.my\/ms?utm_source=blog&amp;utm_medium=ad&amp;utm_campaign=why-your-cars-market-value-drops-every-year--and-how-it-hits-your-premium\" target=\"_blank\" rel=\"noreferrer noopener\">Bjak.my<\/a><\/strong>. It is simply the smartest way to stay covered, stay legal, and secure the best price!<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-container-1 wp-block-buttons\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-nv-dark-bg-color has-text-color has-background\" href=\"https:\/\/bjak.my\/ms?utm_source=blog&amp;utm_medium=ad&amp;utm_campaign=why-your-cars-market-value-drops-every-year--and-how-it-hits-your-premium\" style=\"background-color:#ffd103\">Get Your Free Quotation<\/a><\/div>\n<\/div>\n\n\n\n<p><br>Also Read:<br><a href=\"https:\/\/bjak.my\/blog\/car-insurance\/knock-for-knock-claims-in-malaysia-will-it-affect-your-ncd\">Knock-for-Knock Claims in Malaysia: Will It Affect Your NCD?<\/a><br><a href=\"https:\/\/bjak.my\/blog\/car-insurance\/legal-liability-to-passengers-cover-in-malaysia\">Legal Liability to Passengers Cover in Malaysia<\/a><br><a href=\"https:\/\/bjak.my\/blog\/insurans-kereta\/add-on-pelindung-ncd-berbaloi-untuk-kekalkan-diskaun\">Add-On Pelindung NCD \u2014 Berbaloi Untuk Kekalkan Diskaun?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Your car&#8217;s market value drops every year, and that steady depreciation quietly shapes your insurance cost. Here is what you need to know about setting the right sum insured before you renew.<\/p>\n","protected":false},"author":39,"featured_media":60842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","spay_email":""},"categories":[431],"tags":[429,59,436],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Car Market Value Drops Every Year: How It Hits Your Premium | BJAK<\/title>\n<meta name=\"description\" content=\"BJAK | Car Insurance | Read about: Car Market Value Drops Every Year: How It Hits Your Premium Learn how your car\u2019s market value drops every year and how depreciation affects your premium, sum insured, and renewal decisions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Car Market Value Drops Every Year: How It Hits Your Premium | BJAK\" \/>\n<meta property=\"og:description\" content=\"BJAK | Car Insurance | Read about: Car Market Value Drops Every Year: How It Hits Your Premium Learn how your car\u2019s market value drops every year and how depreciation affects your premium, sum insured, and renewal decisions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bjak.my\/blog\/car-insurance\/why-your-cars-market-value-drops-every-year-and-how-it-hits-your-premium\" \/>\n<meta property=\"og:site_name\" content=\"BJAK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/bjak.my\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-04T13:21:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-04T13:21:41+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i1.wp.com\/bjak.my\/blog\/wp-content\/uploads\/2026\/08\/Why-Your-Cars-Market-Value-Drops-Every-Year-\u2014-And-How-It-Hits-Your-Premium.webp?fit=1080%2C683&amp;ssl=1\" \/>\n<meta name=\"twitter:creator\" content=\"@bjakmy\" \/>\n<meta name=\"twitter:site\" content=\"@bjakmy\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BJAK Content Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/bjak.my\/blog\/#organization\",\"name\":\"Bjak\",\"url\":\"https:\/\/bjak.my\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/bjak.my\",\"https:\/\/www.instagram.com\/bjak.my\",\"https:\/\/www.linkedin.com\/company\/14607755\/admin\/\",\"https:\/\/twitter.com\/bjakmy\"],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/bjak.my\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i1.wp.com\/bjak.my\/blog\/wp-content\/uploads\/2021\/09\/logo.png?fit=756%2C756&ssl=1\",\"contentUrl\":\"https:\/\/i1.wp.com\/bjak.my\/blog\/wp-content\/uploads\/2021\/09\/logo.png?fit=756%2C756&ssl=1\",\"width\":756,\"height\":756,\"caption\":\"Bjak\"},\"image\":{\"@id\":\"https:\/\/bjak.my\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bjak.my\/blog\/#website\",\"url\":\"https:\/\/bjak.my\/blog\/\",\"name\":\"BJAK\",\"description\":\"Renew your car and motor insurance at the lowest price! 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