DISCOUNT ? ANY ?As Malaysians, the signage that we always look for when we are shopping, be it is at the “Pasar Malam”, the supermarket, restaurants or even when we are buying a property, it is the “%” sign which means DISCOUNT!
Is there any DISCOUNT available for buying car insurance? You bet! If you are a good driver and your claims experience is good. What do I mean by that? Insurance is there for us in case of emergencies or unavoidable accidents. We do not wish that to happen ourselves, it is both causing hassles and distress to us. Therefore we should try our very best to take good care of both ourselves and our car at all time. Good news is insurance companies are encouraging us to do so by offering the No Claim Discount (NCD). It goes by yearly basis whereby if you do not have a claim for the year, you are entitled for a discount when your car insurance is due for renewal the next year, and if you do not have a claim next year, your NCD accumulates, and you will get an even bigger discount on the year after. The same goes on until you reach the maximum of NCD of 55%, which is more than half of the premium you would have paid! Interesting eh? Table below shows the exact NCD rate you may accumulate for your car insurance on every consecutive years without a claim.
Is there any DISCOUNT available for buying car insurance? You bet! If you are a good driver and your claims experience is good. What do I mean by that? Insurance is there for us in case of emergencies or unavoidable accidents. We do not wish that to happen ourselves, it is both causing hassles and distress to us. Therefore we should try our very best to take good care of both ourselves and our car at all time. Good news is insurance companies are encouraging us to do so by offering the No Claim Discount (NCD). It goes by yearly basis whereby if you do not have a claim for the year, you are entitled for a discount when your car insurance is due for renewal the next year, and if you do not have a claim next year, your NCD accumulates, and you will get an even bigger discount on the year after. The same goes on until you reach the maximum of NCD of 55%, which is more than half of the premium you would have paid! Interesting eh? Table below shows the exact NCD rate you may accumulate for your car insurance on every consecutive years without a claim.