Shopping for and deciding your brand-new car’s insurance policy or even renewing an existing one can be an exceedingly difficult choice to make with dozens of different policies to choose from. Amidst a sea of choices, you might just be at wits’ end trying to figure it all out. Fret not, help is at hand!
Simplifying car insurance shopping
Choosing the right car insurance policy that best suits you needn’t be difficult. With the right information at hand from the get go as well as knowing the right factors to consider, choosing an insurance policy could be as simple as ordering a cup of coffee.
Here are five quick and easy steps to guide you through the process:
1. Have your documents and paperwork ready
First things first – the basics. Ensure that you have proper and up-to-date paperwork for yourself, your fellow drivers and of course the vehicle itself. For example, prepare copies of identification cards (IC) or passports for all drivers you want to register to the vehicle and registration details of the car itself. If you’re an existing car owner, make sure to have your previous insurance policy on hand. This will come in handy when comparing your previous coverage limits and other details to your new policy.
2. Know your insurance terminology
For some of us, insurance documents can seem as indecipherable as ancient hieroglyphics. For example, what are specifics such as the agreed value cover, betterment, flood relief allowance and so on? Given that car insurance policies are mandated, knowing what you want is key in identifying which policy suits your needs best.
Just like how people need to have their health assessed by a physician when signing up for a life insurance policy, you need to know your car’s worth before insuring it, in order that you cover your car appropriately. Perhaps you don’t need to find this out for a brand-new car, but it is certainly important information for older used cars. Additionally, ensure that your car is registered with the correct make, model and year of manufacture for an optimum valuation on your policy.
3. Choose the best way to get your policy
Whether you are buying a new insurance policy for your brand-new car or simply renewing an existing policy, signing up for insurance from your dealer is typically the best choice. It’s convenient and time saving to say the least. Furthermore, you could be getting a great deal with a policy designed just for your car and needs. Your dealer would be well-versed in the intricacies of policy choices whilst being able to dispense professional advice. Furthermore, the dealer would be your best source of support whenever you need help in an unfortunate situation.
For example, he or she would be able to assist you in acquiring Auto Assistance, if your car breaks down, if you need to replace a punctured tyre or battery, or even if your car runs out of fuel.
4. Make the right comparisons
Sometimes it can seem that the variables we need to consider when choosing a policy are practically endless. Certainly, the cost of the premium is a key component in our decision making, but we also need to remember to look out for hidden costs and fees in the fine print. It is crucial to check the insured value and extent of coverage, as well as the type of pay-out in the event of a total loss, plus other benefits offered.
For example, owners of older cars should always check for details like the betterment policy, as you would not want to be hit by an unexpectedly large bill should major repairs be needed. Life can be unpredictable, so it would be wise not to overlook other features in the car insurance plan, such as bundled coverage for additional protection, windscreen coverage, flood damage coverage, inclusive coverage for all drivers and more – the choices go on, so make sure to select an option that suits you best.
5. Purchase your car insurance policy
When you’re satisfied with your decision, it’s time to sign on the dotted line! But don’t forget, renewing your car insurance policy is a yearly affair, even when you’ve not been travelling much. Always remember to renew your car insurance on time to ensure you are fully covered, regardless of whether or not you drive it daily or it has been sitting idle for months on end.
Last but not least, as our situation in life is ever-changing, review your insurance needs every year and check if the car insurance policy you have is still the best fit for you. Don’t just automatically renew your current policy. Our needs change, and so should our coverage.
What if you could choose from policies designed just for your car – and you could purchase and renew your policy directly with the dealer, without hassle, from a one-stop centre offering you everything you need for your cherished ride? Under the Proton Insurance Program, PROTON is offering its customers the flexibility to choose from six major providers (Allianz General Insurance, AmGeneral Insurance, Liberty General Insurance, Zurich General Insurance, Etiqa General Takaful and Zurich General Takaful), inclusive of special value-added services and worry-free support round the clock.
Without any additional cost, the Proton Insurance Program offers relief allowance of up to RM1,000 if your car is damaged due to flood; coverage of up to RM1,000 for repairing or replacing your car key if lost or damaged due to theft (i.e. snatch theft, robbery or burglary); and waiver of betterment costs for up to 10 years – a boon if you plan on keeping your car for the long run.
Customers also receive an agreed value coverage for up to 12 years, where the pay-out for a total loss claim is based on the agreed value in the policy depending on your car’s model and year – a better deal compared to a market value pay-out based on the calculated worth of your vehicle at the time of the claim.
Proton Insurance Program customers are also able to enjoy instant claim approval* in the event of an accident claim – without any adjuster required! For additional peace of mind, you’ll also get 24-hour roadside and towing assistance by calling the PROTON Care Service Hotline at 1-800-88-8398.
Finally, to sweeten the deal, the RM10 cost for each additional driver will be waived, as the Proton Insurance Program will acknowledge each of your authorised drivers without any additional cost.