Motor insurance rates have been revised upwards yearly in February since 2012, and the latest revision to the rates are set to come into effect on February 23, 2015.
The tables above list the old 2014 rates and new 2015 rates for private cars. The difference in rates are an increase of about the same amount as the adjustments made the previous two years.
Things will be different next year – 2016 is the deadline for planned detariffing of motor insurance premiums. When that happens, premium rates will be further differentiated in accordance to the individual risk profile of vehicles, owners, as well as potential pricing differences between insurers.
When the detariffing comes into effect, we might see the emergence of ‘full service’ insurers with higher rates but more perks such as complimentary tow truck service, as well as ‘budget no frills’ insurers.
Motor insurance is the dominant business line for general insurers in Malaysia, registering a steady 5.4% growth for 2014. The industry paid out RM5.04 billion in motor insurance claims last year.
Looking to sell your car? Sell it with Carro.
steven see
on 
Open Letter to Tan Sri Zeti
on 
ProtonGSC
on 
trollmaster3000
on 
Same L0rrrr
on 
fairperson
on 
Ivan Tan
on 
Kutu Runner Boys
on 
Megane
on 
Boey Lee
on 
Jeremy
on 
ganz
on 
tokmoh.
on 
old dog
on 
ben yap
on 
Ali Karim
on 
Kotien
on 
non
on 
thedarkside
on 
Record Likes.
on 
mrupai
on 
Gurmit
on 
Dan
on 
Mamat
on 
saladin
on 
riel.
on 
mr Oz
on 
joanna
on 
Mfa
on 
X celcom
on 
Ulala
on 
God car
on 
Guan Yin Maa
on 
tishaban
on 
alldisc
on 
mzma
on 
Bob
on 
darkermarker
on 
car-fans
on 
insurance agent
on 
track use only
on 
lcms
on 
4G63T DSM
on 
das auto
on 
nabill (Member)
on 
neonceejay
on 
panjang
on 
sudonano (Member)
on 
jwrx (Member)
on 
No more Value
on 
Ismail Sabri Yaakob Please Help
on 
Unknown
on 
kamal
on 
poor
on 
Seriously?
on 
gaza
on 
The judge
on 
Ghulam Nabi Chopan
on 
AI-generated Summary ✨
Comments reflect frustration over rising motor insurance tariffs from February 2015, with many criticizing lack of regulation, collusion, and fraud within the industry. Several highlight issues like inflated claims, kickbacks among adjusters, repair scams, and high towing costs, which contribute to increased premiums. There's shared concern about government inaction, corruption, and the influence of big insurance companies, leading to consumer suffering. Some suggest that once tariffs are deregulated in 2016, competition might lower rates, but skepticism remains. Others discuss the broader impact of government policies, taxes, and the cost of living. Overall, comments express dissatisfaction with the system's fairness, transparency, and regulatory oversight, emphasizing the need for reforms to protect consumers and reduce premiums.