Page 1 of 2 12 LastLast
Results 1 to 15 of 16

Thread: Motor Insurance : normal market rates for old cars

  1. #1
    Join Date
    Apr 2007
    Location
    ex-USJ
    Posts
    3,004

    Motor Insurance : normal market rates for old cars

    Does this mean that the insurance premium for cars older than 10 years will be cheaper?
    “If your photographs aren’t good enough, you’re not close enough.” – Robert Capa

    cclkl.blogspot.com

  2. #2
    Join Date
    Sep 2006
    Location
    Bird Nest
    Posts
    4,737
    It will not be cheaper, it will be based on normal rate instead of insurance company imposing higher premium for old cars plus forcing driver to buy PA,etc..

    However, nothing comes for free.. now the old car owner has to send to Puspakom for road worthiness inspection... meaning more income to Puspakom and you can expect long queue at Puspakom.
    Every Birth Begins With Labour Pains

  3. #3
    Join Date
    Apr 2007
    Location
    ex-USJ
    Posts
    3,004
    Quote Originally Posted by birdy
    It will not be cheaper, it will be based on normal rate instead of insurance company imposing higher premium for old cars plus forcing driver to buy PA,etc..

    However, nothing comes for free.. now the old car owner has to send to Puspakom for road worthiness inspection... meaning more income to Puspakom and you can expect long queue at Puspakom.
    bummer, i thought can get cheaper insurance coz my car will be 10 years old this year

    actually going to puspakom is not that bad. the one and only time i went there last year was to get the 9 year car inspected before buying it. got to the one in pandamaran at 7:30am waited for it to open at 8am. got it inspected and approved in less than half an hour and hassle free for rm40. if get runner, have to pay rm200!!
    “If your photographs aren’t good enough, you’re not close enough.” – Robert Capa

    cclkl.blogspot.com

  4. #4
    Join Date
    Sep 2006
    Location
    Bird Nest
    Posts
    4,737
    Quote Originally Posted by mick123
    bummer, i thought can get cheaper insurance coz my car will be 10 years old this year

    actually going to puspakom is not that bad. the one and only time i went there last year was to get the 9 year car inspected before buying it. got to the one in pandamaran at 7:30am waited for it to open at 8am. got it inspected and approved in less than half an hour and hassle free for rm40. if get runner, have to pay rm200!!
    You forgotten that you need to take 1 day leave for this! If you are earning RM160 per day... it will come to be the same of engaging a runner
    Every Birth Begins With Labour Pains

  5. #5
    Join Date
    Oct 2003
    Location
    Near good currymee stalls :)
    Posts
    10,202
    Is it compulsary to go to Puspakom ?

    Honestly, if I don't mind having to pay RM50 extra premium for insurance IF I can forgo wasting time at Puspakom that costs RM40.
    Everyday is a good day for GOOD FOOD and a GOOD LAUGH

  6. #6
    Join Date
    Oct 2001
    Location
    USJ,Selangor,Malaysia
    Posts
    2,497
    Quote Originally Posted by currymee
    Is it compulsary to go to Puspakom ?

    Honestly, if I don't mind having to pay RM50 extra premium for insurance IF I can forgo wasting time at Puspakom that costs RM40.
    Seems to me if you don't want to be loaded + added extra coverage for natural disaster like flood or maybe earthquake , tsunami , to your insurance then go for the inspection....

    The fees schedule at puspakom...
    http://www.puspakom.com.my/html/inspection_fee.html

  7. #7
    Join Date
    May 2004
    Location
    Kota Kemuning
    Posts
    3,740
    I just checked at the post office and they have at least 3 companies selling 3rd party insurance. Only one company makes it mandatory for inspection. I did not ask which one. Anyone, you need to bring the registration card and the old insurance policy there.

  8. #8
    Join Date
    Apr 2005
    Location
    USJ4
    Posts
    1,579
    If I'm not mistaken, the Puspakom checking is only when one buys a new (used) car.

    Hence before the title name change at JPJ, Puspakom check should have been done.

  9. #9
    Join Date
    Dec 2003
    Location
    Puchong
    Posts
    2,084
    Quote Originally Posted by mick123
    actually going to puspakom is not that bad. the one and only time i went there last year was to get the 9 year car inspected before buying it. got to the one in pandamaran at 7:30am waited for it to open at 8am. got it inspected and approved in less than half an hour and hassle free for rm40. if get runner, have to pay rm200!!
    That "inspection' is just to verify the engine and chassis number; something that hire-purchase officers of banks used to do for free.

  10. #10
    Join Date
    Sep 2006
    Location
    Bird Nest
    Posts
    4,737
    I doubt so, what I heard from the news is the inspection needed to ensure the car is road worthy.
    Every Birth Begins With Labour Pains

  11. #11
    Join Date
    Dec 2004
    Location
    Klang/Subang
    Posts
    312
    Quote Originally Posted by birdy
    I doubt so, what I heard from the news is the inspection needed to ensure the car is road worthy.
    Do you want to know how I can make your brakes fail even when they appear to be applied?

    Simple!

    Put the car on the brake check machine.
    Press brake at 5%
    Brake lights will turn on (CCTV recorded) but the effectiveness will fail big time
    Result: BREK GAGAL

    And what must the poor rakyat do to ensure that the brakes pass inspection? All in all, there is a hidden motive to suck rakyat money through one way or another.

  12. #12
    Join Date
    Dec 2003
    Location
    Puchong
    Posts
    2,084
    Quote Originally Posted by birdy
    I doubt so, what I heard from the news is the inspection needed to ensure the car is road worthy.
    What I mean is that this new inspection is supposed to be for road-worthiness and will definitely cost more than RM 40.

    Now how do I buy shares in Puspakom?

  13. #13
    Join Date
    May 2004
    Location
    Kota Kemuning
    Posts
    3,740
    Went to Puspakom today at 12.15 pm and they closed the door! I thought it was supposed to be 12.30 pm! I bought a Kembara for my wife so needed the inspection for transfer. Next month, the price will go up to $90!! In Thailand, I paid $15 for the same check-up!!

  14. #14
    Join Date
    Sep 1999
    Posts
    952
    Today Friday lah....

    Cheers!
    "The world we have created is a product of our thinking. It cannot be changed without changing our thinking." - Albert Einstein

  15. #15
    Join Date
    Apr 2007
    Location
    ex-USJ
    Posts
    3,004
    Wah going up from 40 to 90 after the announcement?!?!? another get rich quick scheme.......hip hip hooray
    “If your photographs aren’t good enough, you’re not close enough.” – Robert Capa

    cclkl.blogspot.com

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •