Buying or renewing car insurance and road tax is one of those routine things Malaysians do annually, but do you really know how it works?
New or secondhand, local or imported, if you own a car you need to have a valid car insurance and a road tax to be able to drive it on the road.
What is Car Insurance?
According to the Road Transport Act 1987, it is compulsory for all car owners in Malaysia to have a valid car insurance and road tax, both of which need to be renewed on a yearly basis.
Car insurance and road tax come hand in hand, you cannot buy or renew one without the other.
Legal requirements aside, car insurance is important to protect you financially against the risk of getting involved in an accident and having to pay a huge lump sum of money over the physical damage and vehicle repair costs.
Based on the research done by the Malaysian Institute of Road Safety Research, there were over 500,000 road accidents recorded in 2016 alone, 7,000 of which were fatal. This is reason enough to buy a suitable insurance policy to cover you and your vehicle when you are on the road.
How Do You Buy Car Insurance?
So, if you are shopping for a new car insurance plan, or looking for a renewal, you can either visit insurance providers’ websites or visit Pos Office Malaysia branches near you to buy your car insurance and road tax.
To make things even easier, you can renew your car insurance and road tax via YBG in just 3 simple steps!
Step 1: Contact Crystal or Bella at 016-228 7592 (you can call or text or WhatApps us)
Step 2: Provide your details and make payment
Step 3: Receive your new road tax and insurance at your doorstep