June 16, 2024

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Insuring Your Drive: The Road to Financial Protection and Peace of Mind in Malaysia

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Motor insurance is an important part of protecting yourself from financial hardship if you’re involved in an accident. The Motor Insurance Directive provides minimum cover requirements for motor insurance across the EU. You need to be able to prove that you have at least third-party liability insurance if you want to drive a car on public roads or other land which is open to the public. This guide explains what motor vehicle insurance covers and what types of policies are available, including courier and van insurance as well as private car cover.

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Road Tax

Road tax is a fee paid to the government for using public roads. It’s collected by local authorities and payable annually on a vehicle’s registration date. Road tax is usually included in the cost of your car insurance policy, but if it isn’t included and you’d like to pay road tax separately, this can be done through your insurer or directly with HMRC – just make sure that you have all of the relevant information handy so that they don’t refuse payment!

Road tax is a fee paid to the government for using public roads. It is payable annually and it must be paid at the same time as vehicle registration. All vehicles, including motorbikes and cars, are required to have road tax Malaysia. It is a legal requirement that all vehicles must be registered and have road tax paid. If you do not pay your road tax, you may be fined or your vehicle could be impounded. All vehicles in Malaysia are required to have road tax paid annually; if the vehicle is used for business purposes, it must also be registered with the Inland Revenue Board (LHDN).

The current road tax for cars and motorcycles is RM140.00, which needs to be renewed every year. You can pay your road tax at any post office or online through internet banking. The Inland Revenue Board (LHDN) issues a vehicle tax sticker that must be displayed on the front windshield of all vehicles in Malaysia. If you don’t have this sticker, you might get fined or even lose your driving license.

Etiqa Motor Insurance

Etiqa is one of the leading insurance providers in Malaysia. Founded in 1981, Etiqa has been providing comprehensive insurance solutions for over 30 years. The company offers a wide range of products including motor, health and life insurance as well as retirement planning services.

Etiqa Motor Insurance Review

Etiqa motor insurance is available to all Malaysians who own cars or motorcycles with engine capacity less than 1,000cc. You can purchase your policy online or from any local branch offices (see below).

Etiqa offers three types of motor insurance: Comprehensive, Third Party Fire & Theft and Third Party Only. Comprehensive Insurance A comprehensive car insurance policy provides protection against losses arising from damage or theft of your vehicle as well as third-party liability claims. The level of coverage varies depending on the type of car you drive.

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Conclusion

We hope you now have a better understanding of motor insurance and its importance in Malaysia. We would also like to remind motorists that they should always be mindful of their driving habits, especially when they are behind the wheel.