Living
Vehicle Insurance
All cars on the road need to be insured. Comprehensive insurance is usually sold with your car and most buyers of new cars take up this option as it works out cheaper than buying directly from insurance companies. Vehicle insurance is based on the model and age of the car as well as the owner’s age and driving record. Expect to pay about $3,500 per year in insurance for a $100,000 car, but this can vary depending on your age and driving record.
Most insurance schemes have a no-claims bonus, so for every year that you don’t have an insurance claim, you could end up paying 10% less on your premiums (up a maximum of 50% off). Some packages cover driving outside the country, usually in Malaysia and Thailand, but this isn’t always the case so do check this out if you’re planning a road trip.
Most insurance schemes have a no-claims bonus, so for every year that you don’t have an insurance claim, you could end up paying 10% less on your premiums (up a maximum of 50% off). Some packages cover driving outside the country, usually in Malaysia and Thailand, but this isn’t always the case so do check this out if you’re planning a road trip.
