Car Insurance Comparison – You may have heard of PolicyStreet to renew your car insurance online. However, do you know if PolicyStreet is cheaper or better than ? Let us tell you. is cheaper. Let’s find out how in this article.
Did you know that saving money on car insurance is easy? The mistake most drivers make is not taking the simple step of finding the cheapest motor insurance. Instead, drivers simply accept the insurance company’s renewal quote, mainly because they feel satisfied that the quoted amount is less than what they paid the previous year.
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We will compare the quotes generated by PolicyStreet and for the Proton Saga 1.3L Premium 4 Speed Automatic. Drivers have 30% No Claims Discount (NCD).
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After entering the car and owner details, below is a list of companies that PolicyStreet offers and to renew car insurance. There is a list of 6 companies offered by PolicyStreet while offering a list of 4 companies.
Based on the list from PolicyStreet, the cheapest insurance is from Pacific & Orient which costs RM809.33 for an insured amount of RM33, 300. The most expensive on the list is from Allianz which costs RM945.72 for an insured amount of RM35, 000.
Based on the list from , the cheapest insurance is from Etiqa which costs RM654.60 for an insured amount of RM33, 000. The most expensive in the list is from Takaful Malaysia which costs RM869.00 for an insured amount of RM35, 800.
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In doing this comparison, we will take a closer look at the rates offered by several insurance companies from Policystreet and . As you can see from the list above, AXA Malaysia and Syarikat Takaful Malaysia are the only 2 companies offered by PolicyStreet and . Therefore, we will compare the rates offered by AXA Malaysia and Syarikat Takaful Malaysia through PolicyStreet and .
At PolicyStreet, the price of motor insurance from AXA is RM819.67 for a sum insured of RM29, 000. Note that you cannot change the sum insured shown with PolicyStreet. The only way you can change the sum insured is by contacting PolicyStreet via WhatsApp.
At , you can change the sum insured manually. To make this a fair comparison, we have set the sum insured at RM29,000 as well. As you can see, the price of motor insurance from AXA is RM745.90 for the same sum insured which is RM29,000.
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This means you will save RM73.77 when you buy AXA motor insurance through the special link. In addition, you will also receive RM40 cash back when you use the special link. This gives you a total savings of RM113.77. This is a savings of 14.9% of your money when you use .
At PolicyStreet, the price of motor insurance from Takaful Malaysia is RM903.70 for a sum insured of RM32, 600. Again, note that you cannot change the sum insured shown with PolicyStreet. The only way you can change the sum insured is by contacting PolicyStreet via WhatsApp.
At , you can change the sum insured manually. Again, to make this a fair comparison, we have set the sum insured to RM32, 600 as well. As you can see, the motor insurance price from Takaful Malaysia is RM822.30 for the same sum insured of RM32,600.
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This means you will save RM81.40 when you buy motor insurance from Takaful Malaysia through a special link. In addition, you will also receive RM10 cash back when you use the special link. This gives you a total savings of RM91.40. This is a savings of 10.6% of your money when you use .
There are several differences between PolicyStreet and . As you can see, the most significant difference is the price. Based on the comparison above, you can see that it helps you save a lot of money compared to PolicyStreet. Let’s look at other differences between PolicyStreet and .
When you renew with , you’ll receive cashback paid directly to your bank account. This cash back is between RM10 to RM150. This means you can save money while you get the cheapest price for car insurance.
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On the other hand, PolicyStreet does not provide any form of cashback when you buy car insurance through them.
Insurance companies usually give a 10% rebate when you buy online. As you can see from the quote below, with a 10% rebate of RM85.15 given by the insurance company. This rebate applies when you buy car insurance from any company through a special link.
With , you will be charged lower service tax. The reason is that the overall price of your car insurance is always cheaper when you renew through . With a lower overall price, you will be charged a lower service tax. As can be seen, the service tax on PolicyStreet is RM51.09 while the service tax is RM45.98.
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By renewing with , you save RM5.11 on service tax. This is about 10% lower than the service tax on PolicyStreet.
When you click to renew through a special link, you will be directed to the official web page of the insurance company where you can proceed to purchase your car insurance. This shows that you are not charged anything extra. You buy directly with the insurance company at the price offered to you.
When you click to renew with PolicyStreet, you will remain on the PolicyStreet webpage until you complete your purchase. This means you buy from PolicyStreet instead of buying directly from the insurance company.
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As you can see, is CHEAPER! To conclude, here is a table showing the differences between PolicyStreet and .
As you can see, is a WINNER. When you choose to renew your car insurance, you buy 25% cheaper, with cashback, with 10% rebate, with lower service tax and buy directly from the insurance company. Although PolicyStreet offers more companies, it is not the cheapest compared to . Start saving money now by choosing to renew your car insurance through .Home » Comparing Car Insurance Quotes in Malaysia: A Step-by-Step Guide Comparing Car Insurance Quotes in Malaysia: A Step-by-Step Guide
Car insurance is a mandatory requirement for all vehicle owners in our country. With many insurance providers offering various plans and coverage options, choosing the right car insurance policy can be a difficult task. This step-by-step guide will help you navigate the process of comparing car insurance quotes and choosing the policy that best fits your needs and budget.
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Before you start comparing quotes, it’s important to gather all the necessary information about your vehicle. This includes:
Vehicle insurance policies offer various levels of coverage, from basic third party liability to comprehensive coverage that includes coverage against self-damage, theft and personal accident benefits.
Assess your risk profile and determine the level of coverage that best suits your individual needs and preferences. When doing this, consider your budget too as comprehensive insurance tends to be more expensive than basic third party policies.
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Many online platforms allow you to compare car insurance quotes from multiple providers simultaneously. Take, for example. As the No.1 insurance comparison site in Malaysia, generating quotes from up to 18 insurance companies, allowing you to compare premiums and coverage options side by side.
To use , you just need to provide information about yourself, your vehicle and your coverage needs and we’ll send a quote directly to your email.
Once you receive quotes from multiple providers, carefully analyze the details of each policy. Pay attention to the following factors:
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After carefully analyzing the quote and considering all relevant factors, make an informed decision about the car insurance policy that best suits your needs and budget. Remember, the cheapest option is not always the best. Prioritize coverage adequacy, reputation and customer service when making your choice.
Maintaining the best policy takes some time but it is well worth it. Here are some additional tips to help you choose the ideal auto policy.
Comparing car insurance quotes is certainly a time-consuming process, but it’s important to find the right policy that protects your vehicle and gives you peace of mind. Follow these steps and consider the additional factors we’ve listed to help you choose the coverage you want.
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In Malaysia, all insurance companies are required to adhere to the price schedule determined by the General Insurance Association of Malaysia (PIAM). Previously, region, vehicle type and capacity were the only main rating factors used in the tariff model. There are also other factors like optional cover, number of named drivers, mandatory excess, loading, No Claims Discount (NCD), etc. which
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