Renewing your car insurance? Win big with Generali’s insurance promotion! Join Generali’s contest for a chance to upgrade your ride with new tires or stylish rims. Don’t miss out!

We hope you’re cruising smoothly through life’s highways! We’re thrilled to announce a thrilling opportunity brought to you by Generali: An insurance promotion that promises not only peace of mind but also the chance to revamp your ride. Introducing the “Renew and Refresh Your Ride” Online Car Insurance Contest, running from February 27th to March 20th, 2024!

As Hari Raya approaches, Generali is offering three lucky winners the opportunity to upgrade their vehicles with a choice between a premium set of tires or stylish sports rims valued up to RM1,800 each.

Join the Contest Today:

1. Secure Your Policy: Purchase your car insurance policy online through the below button to kickstart your journey toward winning big in our promotion with Generali.
2. Share Your Road Wisdom: Share your top long-distance road safety tips and explain why you deserve to win these fabulous prizes. Head over to the survey link here to share your insights.
3. Await Your Victory: Once the contest ends, Generali’s expert panel of judges will select the three most compelling tips/stories. If you’re chosen, Generali will work with you to arrange the installation of your chosen grand prize at one of our preferred Panel Workshops in Kuala Lumpur.

Get ready to hit the road in style and safety with Generali.

Terms and conditions here

MySikap is an app created by the Road Transport Department of Malaysia, JPJ (Jabatan Pengangkutan Jalan). The app aims to provide a digital platform for Malaysians to access a variety of JPJ services and information related to road transportation, such as driving license and road tax. With MySikap, Malaysian road users can renew driving license online, renew their road tax online, make payment for traffic summons, and track the status of their vehicle registration and others. MySikap is designed to make it easier for Malaysian road users to manage their matters online from the convenience of their own home.

In this article, we are going to explain how you can renew driving license online through MySikap in 12 simple steps.

Step 1: Go to the MySikap main page

At the MySikap main page, choose to Log In For the first time by clicking on “Log Masuk”

Step 2: Register for a MySikap Account

Next, you will see a registration page where you can fill up your personal information. Please fill this up accordingly.

Note:

• For “No. Siri Lesen Memandu” please check the back of your existing driving license for a short code consisting of numbers and letters and enter them.

• For “No Rujukan” you do not need to insert any details.

Once you are done filling up the online form, click on “Teruskan”

Step 3: Check your email inbox

Next, please check your email inbox and you would have received an email from MySikap which contains your user ID (your Identification Card number) and a temporary password.

Step 4: Login to your MySikap account

Go back to the main page of MySikap and enter the login details that you just received.

Step 5: Click on the Lesen Memandu tab

Once you are logged in, this is how your home page should look. Then click on the “Lesen Memandu” tab at the top.

Step 6: Choose “Pembaharuan Lesen Memandu”

Once you are in the “Lesen Memandu” tab, this is what you would see. You will see a summary of your personal information at the top. Then, just scroll down.

Once you have scrolled down, you will see that there is an option called “Pembaharuan Lesen Memandu”. Please click on that.

Step 7: Choose your license type and duration

Next, please choose your license type by clicking on the dropdown menu for “Jenis Lesen”. Choose “Lesen Memandu Kompeten” if you own a regular driving license and choose “Lesen Belajar Memandu” if you are own a learner driving license.

Then, click on “Tempoh” to choose the duration that you wish to renew your driving license. You have the option of choose from 1 year up to 5 years.

Note:

• The price of renewing your driving license may vary according to the duration that you choose.

Once you are done with your selection, click on “Cari”

Step 8: Check your personal information & update your photo

Next, this is what you will see, with a photo of yourself with all your personal information. Please double check to see if all the details are correct.

If you wish to use a new photo for your driving license, then check the box that says “Ambil Gambar”. If you are happy with the current photo, do not check this box.

Then, click on “Bayar” where it will take you to the payment page.

Step 9: Choose your preferred mode of payment

On the payment page, you have 2 options. You can choose to pay by entering your credit card details or you can choose to use online banking. The list below shows all the participating banks that support online banking.

Once you are done selecting, click on “Bayar”

Step 10: Make the payment with your bank

For this guide, we have chosen the online banking option with CIMB. As you can see, it redirects us to the online banking page. All you have to do is log in and make the payment. Please check to see if the mercharnt’s name is “JABATAN PENGANGKUTAN JALAN PUB” before you approve the payment.

Once you are done, you will see a note saying that the payment was successful.

Step 11: You are done!

Next, you will see that you are redirected to the MySikap page with a message like this saying that you can collect your driving license at any JPJ counter.

Click on ‘OK’

Step 12: Save or print your receipt of payment & e-Driving License

Next, please click on “Cetak Resit” and you will see your receipt of payment. You can save or print this document and bring it along with you when you visit the nearest JPJ office to collect your physical driving license.

Note:

• Please also click on “Cetak Lesen Memandu” where you can save or print your e-Driving License. It is best to keep a copy of this document saved on your smartphone for easy access or keep a printed copy of this document in your car.

• In case you are stopped by a law enforcement officer during road blocks, you can show this e-Driving License either in printed or digital form on your smartphone.

In conclusion, it is a convenient and easy process to renew driving license online and on MySikap. With just a few clicks, you can complete the renewal process. Remember to keep track of the expiration dates of your driving license and renew them on time to avoid any legal consequences.

Did you know that you are no longer required to display the road tax sticker on your car window? This is due to the Malaysian Transport Ministry (JPJ) effort to go digital. Now, Malaysians only need to have the digital copies of their road ta (digital road tax) and driving license on the official JPJ app on their smartphones.

Read more to find out what are the 5 things you should know about the new digital road tax.

1. Do I need to buy road tax since I do not have to display it?
   The obvious answer is, yes. Even though you do not need to display road tax on the window of your vehicle, you still need to have a valid road tax and driving license. The Transport Minister, Anthony Loke mentioned that those who drive without a valid road tax or driving license would face consequences of the law as usual.

2. What happens during road blocks?
   When you are stopped at a road block, you can show the digital copy of your road tax and driving license to the law enforcement officer via the JPJ app. However, the Transport Minister also mentioned that law enforcement officers will start using a special gadget, to scan vehicles as they pass by. There is no need to be worried about how to show your digital road tax if you do not have your smartphone with you at that moment.

3. What happens if I drive someone else’s vehicle?
   Not all of us can afford to own a car and it is completely understandable. If you are driving a family member or friend’s vehicle, law enforcement officers will do checks based on IC number (to check for a driving license) and number plate (to check for a road tax).

4. Can I still choose to get a physical road tax sticker?
   For now, yes. The Transport Minister mentioned that road users who are not ready for this new change, can still choose to buy road tax stickers or buy physical driving license at any JPJ counters. However, it may not be long until having a digital one becomes compulsory.

5. How can I buy a digital road tax?
   All you have to do is register for an account at JPJ’s web portal or the MyJPJ app, which can be downloaded from the App Store, Google Play Store or Huawei App Gallery. Once you have an account, you can proceed to buy or renew your road tax and driving license.

Below is a screenshot on how it will look in the app, once you have a digital copy of your road tax and driving license:

These are the 5 things that you should know regarding the new digital road tax. If you have more questions on this new system, you can send an email to [email protected], or contact the JPJ department’s hotline at 03-2724 2522.

Do you need to renew your motor insurance? Having a motor insurance is completely mandatory for all drivers in Malaysia. Without motor insurance, you won’t be able to renew your road tax through the Road Transport Department (JPJ). Without a road tax, you won’t be allowed to drive on Malaysian roads. If you get caught, you can get fined up to RM3,000. If you are looking on getting cheaper motor insurance, this article is for you. Save money now by choosing SOMPO MotorNow from Berjaya Sompo. You get 10% discount when you renew online. If you are a female driver you get an additional 5% discount for a total of 15% on motor insurance. Find out how.

SOMPO MotorNow is a new and special comprehensive motor insurance plan for your car. SOMPO MotorNow protects you against any form of damage or loss (own or third-party) in addition to protection from third-party injury, death, and property damage.

SOMPO MotorNow is available to all car owners who meet the following requirements:

• Your age is above 26 years old and your vehicle is for private use only.
• You made not more than 1 claim in the last 3 years.
• Your car insurance is not more than 2 months away from the expiry date.
• Your car is not any of the below:
  • Toyota Hilux
  • Mitsubishi Triton
  • Nissan Navara
  • All Ferrari Models
  • All Lamborghini Models
  • Audi A6, Audi A5
  • Volkswagen Scirocco & Volkswagen CC

As announced in a previous article, women drivers will enjoy a special 5% discount for their insurance policy. If you renew online you will get another 10% online discount. This means that women drivers who renew online will get a total of 15% discount on their car insurance policy.

The table shows an overview of the discount available to male and female customers:

Yes, there are several add-ons that you can purchase by paying an additional price.
The add-ons that you can choose include:

• Cover for Windscreens, Windows and Sunroof

• Legal Liability to Passengers

• Separate Cover for Accessories Fixed to Your Car

• Current Year “NCD” Relief

• Waiver of Betterment (vehicle age up to 15 years)

• Inclusion of Special Perils

• Unlimited Towing Costs

• Private Hire Car – for vehicles used for e-hailing services

Here are 6 reasons why you should choose SOMPO MotorNow:

1. 0% Interest Instalment Plan
   You have a choice of 6 months or 12 months with 0% interest instalment plans for credit cards issued by Maybank, CIMB Bank & Public Bank that have a minimum payment amount of RM600.
2. Pay Less For Your Car Insurance
   You only pay for the insurance coverage you need. No more, no less.
   
3. Free Coverage for All Drivers
   All authorised drivers are automatically covered and no nomination of drivers is required from you.
4. Renew Your Car Insurance Online Instantly With JPJ Status Update
   You will get instant car insurance renewal and connected to JPJ for your subsequent road tax renewal.
5. Choose Your Car Insurance Excess
   The higher the excess amount you choose to self-pay, the lower premium for your car insurance.
6. Fast Car Insurance Claim Approval & Direct Settlement of up to RM5,000
   You will get your car insurance claim reimbursements within 1 hour.
   

The simple answer is, yes !
It is definitely worth getting SOMPO MotorNow simply because:

• You get 10% discount if you renew online

• You get an additional 5% discount if you are a female driver

• You get many add-on protections to choose from

• You get coverage for all drivers
  (providing no compulsory excess is applicable)

The Malaysian Transport Ministry (JPJ) last announced about the extension of deadline for roadtax renewal last year. This was great news to all road users in Malaysia as many people were financially affected due to the pandemic. How about this year? Are there any exemptions in 2022 for roadtax renewal? The simple answer is no.

This is totally up to you and you can decide for yourself. Here are two situations to consider.

• If you own a car and you use it, then yes.

  • You need to have a valid roadtax. There is no more exemptions given by JPJ to extend the deadline for roadtax renewal. If you drive without a valid roadtax, you will get pulled over and charged a fine by the law enforcement officers. However, note that your roadtax will be backdated following your car insurance active period. By renewing late, it does not help you save money.

• If you own a car and do not drive it and plan to not drive it, then no.

  • You do not need to have insurance and road tax. Only when you choose to start using the car, you will need to buy insurance and road tax. You will save money on insurance and road tax while you do not use your car.

JPJ encourages road users to renew online using the MySikap JPJ or MyEG portal. However, if you are in a hurry, you also have the option to renew over the counter at any JPJ or Pos Malaysia outlets. All you have to do is schedule an appointment with them or walk in directly to the office.

It depends. If you drive your car, it is always best to renew roadtax on time since there are no more exemptions given by JPJ. However, if you do not drive your car, then we advice you not to renew your roadtax and motor insurance. That way, you will save money for the period that your car is not driven.

You may have heard of Fatberry to renew your car insurance online. However, do you know if Fatberry is cheaper than iBanding? Spoiler alert! iBanding is cheaper. Let’s find out how in this article.

You can save a lot money on car insurance. Take the simple step of looking for the cheapest motor insurance. Do not simply accept the insurer’s renewal quote because the amount quoted is less than what you paid the previous year.

We will be comparing quotations that are generated by Fatberry and iBanding for a 2010 Proton Waja 1.6L Premium 5 Speed Manual. The driver earns a 55% Non-Claims Discount (NCD).

After inserting the car and owner details, below are the list of companies that are offered by Fatberry and iBanding to renew the car insurance. There is a list of 6 companies offered by Fatberry while iBanding offers a list of 4 companies.

Cheapest on Fatberry is RM320.21

Based on the list from Fatberry, the cheapest insurance is from Tune Protect which cost RM320.21 for a sum insured of RM11,000. The most expensive on the list is from Zurich which cost RM325.60 for the same sum insured of RM11,000.

Cheapest on iBanding is RM252.19

Based on the list from iBanding, the cheapest insurance is from Etiqa which cost RM252.19 for a sum insured of RM11,000. The most expensive on the list is from Zurich which cost RM291.20 for the same sum insured of RM11,999.

In doing this comparison, we will be taking a closer look at the rates offered by the cheapest insurance company from Fatberry and iBanding. To make this a fair comparison, we will be comparing a sum insured of RM11,000 in both companies.

As you can see below, the cheapest on Fatberry is from Tune Protect which cost RM320.21 for a sum insured of RM11,000.

On the other hand, the cheapest on iBanding is from Etiqa which cost RM272.19 for the same sum insured of RM11,000.

This means that you will save RM48.02 when you buy motor insurance from Etiqa through iBanding’s special link. On top of that, you will also get a cashback of RM20 when you use iBanding’s special link. This gives you a total saving of RM68.02. This is a saving of 23.8% of your money when you use iBanding.

There are several differences between Fatberry and iBanding. As you can see, the most notable difference is the price. Based on the comparison above, you can see that iBanding helps you save a lot of money compared to Fatberry. Let’s take a look at other differences between Fatberry and iBanding.

1. Cashback up to RM150

When you renew with iBanding, you will receive cashback that are paid directly to your bank account. These cashback ranges from RM10 to RM150. This means that you can earn money while you get the cheapest price on car insurance.

On the other hand, Fatberry does not provide any form of cashback when you buy car insurance through them.

2. Rebate of 10%

Insurance companies usually give a 10% rebate when you buy online. As you can see from the quotation below, with iBanding there is a 10% rebate given by the insurance company. This rebate applies when you are buying car insurance from any company through iBanding’s special link.

On the other hand, there is a rebate of RM0 shown in the quotation from Fatberry.

3. Renew directly with insurance company

When you click to renew with iBanding through the special link, you will be directed to the official insurance company webpage where you can proceed to buy your car insurance. This shows that iBanding does not charge you any additional fees. You buy directly with the insurance company at the price that iBanding offers you.

When you click to renew with Fatberry, you will remain on the Fatberry webpage up until you complete your puchase. This means that you are buying from Fatberry instead of directly buying from the insurance company.

Compare the URL’s below : fatberry.com and motortakaful.com

As you already know, iBanding is cheaper than Fatberry. To conclude, here is a table that shows the difference between Fatberry and iBanding.

Therefore, iBanding  is the WINNER. When you choose iBanding to renew your car insurance, you are buying 24% cheaper, with cashback, with 10% rebate, and buying directly from the insurance company. Even though Fatberry offers more number of companies, it is not the cheapest compared to iBanding. Start saving your money now by choosing to renew your car insurance through iBanding.

https://ibanding.com.my/is-bjak-cheaper-than-ibanding-2/

The General Insurance Association of Malaysia (PIAM) and the Malaysian Takaful Association (MTA) have recently come together in launching the year-long PIAM-MTA 2022 Nationwide Road Safety Campaign in Kuala Lumpur.

The campaign with the theme “steadybrader” aims to educate and remind road users on the importance of road safety.  The total number of road accidents and fatalities are also hoped to be reduced by positively encouraging drivers to drive safely and steadily on the road.

Key government agencies, academicians from universities, organisations, representatives of member companies from different associations, and other media representatives participated in the event through the Zoom virtual platform.

Chairman of PIAM, Anthony Lee started off his speech by asserting the importance of road safety not only locally, but globally. He mentioned that road safety is among the reason for the World Health Organisation (WHO) calling the issue a public health crisis.

He said, “according to the World Health Organisation (WHO), 1.25 million people globally perish every year due to road accidents. It is also the number one cause of death among youths aged between 15-29 years. By 2030, the WHO predicts that road traffic injuries will rise to become the fifth leading cause of death.”.

 He also added that “Latest statistics from 2019 as provided by the Royal Malaysia Police (PDRM) confirmed the total of 6167 fatalities due to road accidents; which amounts to about 17 fatalities per day due to road accidents. According to the Ministry of Transport, more than 80% of road accidents are due to “negligence.” These statistics on road accidents goes to show that this is a significant issue that has been ongoing and needs to be put to a stop.

Various activities have been planned out for the year-long campaign including:

•  Education programmes and quizzes on road safety

• Community outreach initiative through gamification and utilisation of digital media

• Collaborative efforts with government agencies and private organisations who share the same objective of reducing road accidents and fatalities

In delivering a keynote speech, YBhg. Datuk Lokman bin Jamaan, the Director of Enforcement Division of the Road Transport Department (JPJ) listed out some of the main causes to road accidents which includes speeding, using handphones while driving, driving under the influence of drugs or alcohol, driving against the flow of traffic and making illegal turns. He stresses again on the importance of road safety.

Before wrapping things up, a panel discussion titled ‘Road Safety – “A Shared Responsibility” was held as part of the launching of the campaign. The list of panellist for the discussion session included YBhg. Datuk Lokman bin Jamaan, Director of Enforcement Division of the Road Transport Department (JPJ), YDH. Supt Dr Bakri bin Haji Zainal Abidin, Principal Assistance Director (Enforcement), Traffic Investigation and Enforcement Department of the Royal Malaysia Police, Bukit Aman (PDRM), Mr. Antony Lee, PIAM Chairman; and Encik Mohamed Sabri bin Ramli, MTA Deputy Chairman.

To conclude the event, PIAM and MTA agreed that the fight to reduce road accidents is a shared responsibility from government ministries, government agencies, private sectors, non-governmental organizations, down to ordinary citizens. PIAM and MTA also welcome government agencies and private sectors to aid them in saving lives by sharing their ideas on ways to reduce road accidents.

The Malaysian government has announced that flood discount vouchers will be provided to all car owners who are victims of flood damaged cars. This is an initiative to help reduce the financial burden faced by them.

Malaysia has been hit by massive floods last December. As a result, about 50,000 cars were estimated to be damaged and stranded. To repair a flood damaged car, it can cost anywhere between RM1,000 to RM20,000 depending on the type of car. If you have flood protection in your insurance coverage, then your insurance company will cover the repair cost.

However, it is estimated that 95% of Malaysians do not have flood protection and are not aware of it. This means that a majority of Malaysian have to pay for the repair cost of their flood damaged cars on their own.

This is an initiative of the Malaysian government called the “Keluarga Malaysia Automotive Discount Voucher”. This voucher of RM1,000 will be available to all car owners who have flood damaged cars. Car owners can use this voucher to cover part of the repair cost for their flood damaged car. Alternatively, they can also use this voucher to cover part of the cost for a car replacement if their car is deemed ‘total loss’.

Flood affected car owners do not need to make any application for the discount vouchers. Follow the steps below to ensure that you get the flood discount voucher. About 1,800 car service centers and workshops across Malaysia have signed up to join the Keluarga Malaysia Automotive Discount Voucher initiative.

Step 1:
Walk-in to any registered service center or an authorised automotive dealer. You can refer to the list below on all the automotive companies that are participating in this initiative :
1. Proton, Perodua
2. Tan Chong Motors (Nissan)
3. UMW Toyota Motor
4. Honda Malaysia
5. Mitsubishi Motors Malaysia
6. Volvo Car Malaysia
7. TC Euro Cars (Renault)
8. Mercedes-Benz Malaysia
9. BMW Malaysia
10. Sime Darby Motor Group (Ford, Hyundai etc)
11. Bermaz (Mazda, Peugeot, and Kia)
12. Motor Image (Subaru)
13. Volkswagen Passenger Cars Malaysia

Step 2:
Meet with a service personnel at the car service center or automotive dealer to request for this voucher. A service technician will then examine your car and confirm if it has been damaged due to the flood. You will be informed if your car is eligible for the voucher.

Step 3:
If you are eligible, the service center/automotive company will directly credit the RM1,000 voucher to your car repair invoice. You will receive an invoice from your service center/automotive company showing that RM1,000 has been deducted from your total car repair cost.

Yes. There is a deadline to claim this voucher. Flood damaged car owners can start claiming this voucher from now until 31st March 2022 only. After this period, car owners cannot claim this voucher even though they have a flood damaged car.

If you do not have flood protection in your insurance coverage and have a flood damaged car, make sure that you are quick to claim this voucher. The Keluarga Malaysia Automotive Discount Voucher is a good initiative to help reduce the burden of Malaysians who are affected by the flood. Even though the voucher value of RM1,000 is not sufficient to cover the full repair cost of your car, it will still be helpful to reduce your financial burden in a small way.

Which Insurance Company Has The Cheapest Flood Protection?

You may have heard of PolicyStreet to renew your car insurance online. However, do you know if PolicyStreet is cheaper or better than iBanding? Let us tell you. iBanding is cheaper. Let’s find out how in this article.

Did you know that it is easy to save money on car insurance. The mistake most drivers make is not taking the simple step of looking for the cheapest motor insurance. Instead, drivers simply accept the insurer’s renewal quote, mainly because they feel satisfied that the amount quoted is less than what they paid the previous year.

We will be comparing quotations that are generated by PolicyStreet and iBanding for a Proton Saga 1.3L Premium 4 Speed Automatic. The driver has a 30% Non-Claims Discount (NCD).

After inserting the car and owner details, below are the list of companies that are offered by PolicyStreet and iBanding to renew the car insurance. There is a list of 6 companies offered by PolicyStreet while iBanding offers a list of 4 companies.

Cheapest on PolicyStreet is RM809.33

Based on the list from PolicyStreet, the cheapest insurance is from Pacific & Orient which cost RM809.33 for a sum insured of RM33,300. The most expensive on the list is from Allianz which cost RM945.72 for a sum insured of RM35,000.

Cheapest on iBanding is RM654.60

Based on the list from iBanding, the cheapest insurance is from Etiqa which cost RM654.60 for a sum insured of RM33,000. The most expensive on the list is from Takaful Malaysia which costs RM869.00 for a sum insured of RM35,800.

In doing this comparison, we will be taking a closer look at the rates offer by a few insurance company from Policystreet and iBanding. As you can see from the lists above, AXA Malaysia and Syarikat Takaful Malaysia are the only 2 companies that are offered by both PolicyStreet and iBanding. Therefore, we will be comparing the rates offered by AXA Malaysia and Syarikat Takaful Malaysia through PolicyStreet and iBanding.

On 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.

On iBanding, you can change the sum insured manually. To make this a fair comparison, we have set the sum insured to RM29,000 as well. As you can see, the price of motor insurance from AXA is RM745.90 on iBanding for the same sum insured of RM29,000.

This means that you will save RM73.77 when you buy AXA motor insurance through iBanding’s special link. On top of that, you will also receive RM40 cashback when you use iBanding’s special link. This gives you a total saving of RM113.77. This is a saving of 14.9% of your money when you use iBanding.

On PolicyStreet, the price of motor insurance from Takaful Malaysia is RM903.70 for a sum insured of RM32,600. Once 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.

On iBanding, you can change the sum insured manually. Once again, to make this a fair comparison we have set the sum insured to RM32,600 as well. As you can see, the price of motor insurance from Takaful Malaysia is RM822.30 on iBanding for the same sum insured of RM32,600.

This means that you will save RM81.40 when you buy motor insurance from Takaful Malaysia through iBanding’s special link. On top of that, you will also receive RM10 cashback when you use iBanding’s special link. This gives you a total saving of RM91.40. This is a saving of 10.6% of your money when you use iBanding.

There are several differences between PolicyStreet and iBanding. As you can see, the most notable difference is the price. Based on the comparison above, you can see that iBanding helps you save a lot of money compared to PolicyStreet. Let’s take a look at other differences between PolicyStreet and iBanding.

When you renew with iBanding, you will receive cashback that are paid directly to your bank account. These cashback ranges from RM10 to RM150. This means that you can earn money while you get the cheapest price on car insurance.

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 quotation below, with iBanding there is a 10% rebate of RM85.15 given by the insurance company. This rebate applies when you are buying car insurance from any company through iBanding’s special link.

On the other hand, there is no rebate shown in the quotation from PolicyStreet.

With iBanding, you will be charged a lower service tax. The reason is because the overall price of your car insurance is always cheaper when you renew through iBanding. With a lower overall price, you will be charged a lower service tax. As it can be seen, the service tax on PolicyStreet is RM51.09 while the service tax on iBanding is RM45.98.

By renewing with iBanding, you save RM5.11 on service tax. This is about 10% lower compared to the service tax on PolicyStreet.

When you click to renew with iBanding through the special link, you will be directed to the official insurance company webpage where you can proceed to buy your car insurance. This shows that iBanding does not charge you any additional fees. You buy directly with the insurance company at the price that iBanding offers you.

When you click to renew with PolicyStreet, you will remain on the PolicyStreet webpage up until you complete your puchase. This means that you are buying from PolicyStreet instead of directly buying from the insurance company.

Compare the URL’s below: policystreet.com and axamotoronline.com

As you can see, iBanding is CHEAPER! To conclude, here is a table that shows the difference between PolicyStreet and iBanding.

As you can see, iBanding is the WINNER. When you choose iBanding to renew your car insurance, you are buying 25% cheaper, with cashback, with 10% rebate, with lower service tax and buying directly from the insurance company. Even though PolicyStreet offers more number of companies, it is not the cheapest compared to iBanding. Start saving your money now by choosing to renew your car insurance through iBanding.

Malaysia has been hit with one of the worst flood recently. As a result, many cars have been affected. Malaysian largest car manufacturer, Perodua recently reported that more than 11,000 cars have been sent to their service center for repairs due to water damage. Repairing a water damaged car is very costly since it involves many mechanical and electronic parts. The only way to save money is by having flood protection as an add-on with your car insurance. Flood protection is one of the most important add-on when you get car insurance today. Our previous article, discusses on the types of flood protection and the benefits of having flood protection. You can read it here.

In this article, we will be comparing the prices of flood protection from a few insurance companies in Malaysia. In doing this comparison we will be using a 2015 Proton Persona SE-4 Speed Automatic. The driver earns 55% NCD. A sum insured of RM14,000 to RM14,100 is used in the comparisons below.

Overview of compared companies

• Etiqa Motor Insurance and Takaful
• AXA Car Insurance
• Syarikat Takaful Malaysia
• Berjaya Sompo Motor Insurance
• Allianz Motor Comprehensive Insurance

Etiqa offers 2 types of flood coverage add-on, the basic flood coverage and the extended flood coverage. First, let’s take a look at the basic flood coverage. This coverage cost RM35 and protects your car from floods, landslides and thunderstorm. This coverage is an additional of 5.3% to the basic contribution.

The extended flood coverage cost RM70 and provides additional protection for your car. In addition to flood, landslide and thunderstorm, this coverage also protects your car from heavy rain and extreme weathers, especially in rural areas. This coverage is an additional of 10.7% to the basic contribution price.

AXA offers only one type of flood coverage in their add-on. This add-on will protect your car against damages due to flood, landslide, storm and many more for the full sum insured of your car.

This add-on from AXA cost only RM30 and is an additional of 3.7% to the basic premium price.

Takaful Malaysia offer flood coverage through an add-on called ‘special perils’. This add-on protects your car against loss or damages caused by natural perils such as flood, storms, landslides and many more.

This add-on cost RM70.50 and is an additional of 8.9% to the basic contribution price.

Berjaya Sompo offers flood protection in their motor insurance policy as one of their benefits called “special perils coverage”. There is no need for an extra add-on to get your car protected against flood, storm, landslides and more.

The flood protection that Berjaya offers covers up to RM10,000 only or 20% of your sum insured, depending on which value is lower. This means that :

• If your sum insured is RM10,000 then Berjaya will cover RM2,000 maximum for your car repair cost.
• If your sum insured is RM50,000 then Berjaya will cover RM10,000 maximum for your car repair cost.
• If your sum insured if RM100,000 then Berjaya will cover RM10,000 maximum for your car repair cost.

If your car repair cost is more than RM10,000, you need to pay the remaining amount on your own.

Allianz offers flood protection through an add-on called “special perils”. This add on covers loss or damages to your car caused by flood, storm, landslide, sinking of soil and many more.

This add on costs RM28 which is about an additional of 3.4% to the basic premium price.

The table shows the flood coverage offered by 5 companies arranged from the cheapest. The table shows prices and the percentage that you will pay in addition to the basic contribution. It can be seen that Berjaya Sompo offers no additional cost for their flood coverage. Allianz is the cheapest at only RM28 for an additional of 3.4% to the basic contribution. On the other hand, Etiqa’s extended flood coverage is the most expensive at RM70 which is an additional of 10.7% to the basic contribution.

If you do not want to spend extra for flood coverage, then you should consider Berjaya Sompo as there is no additional cost for the protection. However, this protection is very limited. It covers only up to RM10,000 maximum or only 20% of your sum insured, depending on which is lower.

We suggest you to buy this flood coverage only if your sum insured is below RM50,000. If your sum insured is above RM50,000, we strongly advise you not to choose Berjaya Sompo as your car repair cost might not be fully covered and you need to pay the remaining cost on your own.

If you want the best flood protection, we advise you to choose AXA as it covers repair cost up to the full sum insured of your car. This means that your flood coverage will offer the same level of protection as your basic sum insured. In addition, it is also cheap at RM30 and only 3.7% extra to your basic contribution price.

Which Car Insurance Has Flood Coverage