As a driver or vehicle owner in Malaysia, it is safe to say that you have a lot of concerns. In terms of fulfilling due diligence with all things about your vehicle, one of those concerns is insurance. There are a lot of reasons why automobile insurance is so important to drivers in the country. All things considered, insurance is sometimes what ultimately determines whether you walk away from an accident financially intact or at a severe loss. In addition to the above, insurance is a non-negotiable prerequisite for driving in the country. All of these factors and more are what make the process of getting insurance so important.
Noting how important insurance is, many drivers often ask the question, “Which is the best car insurance to get in Malaysia?” We’ll be delving into the answer to this crucial question now. As all drivers in the country know, car insurance is a sort of running, ongoing cost. One primary reason for this is the fact that once you take out an insurance policy, you also have to pay premiums at stipulated times to ensure that your coverage remains valid.
Car Insurance Premium
Many drivers tend to use premium as a guiding determinant for picking the best insurance policy. Now, it certainly isn’t a bad idea to opt for as cheap a premium as you can get. After all, having great insurance doesn’t mean much if you can’t afford to pay the premiums it demands as at when due.
Yet, as important as premiums are, it shouldn’t be your sole criteria when picking out the best insurance policy for your automobile. Apart from the fact that the law actually stipulates that you have to get insurance, keep in mind that you are getting insurance to protect yourself from certain eventualities. Consequently, you have to factor in some other variables that aren’t so immediate but still bear significant weight. Some of these factors include:
The Claims Process
The one thing that can be genuinely considered as your benefit for taking out insurance is that in the event of an unfortunate accident, you have a backup, (so to speak), that at least helps you reduce or completely eliminate the financial costs of the accident. In light of this, the claims process by which you get the payout you need to attend to the result of the accident is very crucial. You need an insurer and a package that has a process that puts you in consideration and justifies what you pay as premium.
The Claim Duration
Yet another factor that merits careful thought here is the claim duration you’ll be getting with your insurer and policy. By itself, accidents are more than enough to cause stress. You do not need an insurer or policy that would add to that by needlessly delaying your payout. In situations like this, the best thing you could have is an insurer that gives you timely feedback and comes alive to their responsibilities when due.
Essentially, the best car insurance is one that has an acceptable premium, a fast claim process and reliable claim duration. One way to get this is to find a reliable tool for comparison-shopping car insurance policies and finding the best rates across the board.