As the saying goes, it’s easy to buy a car and hard to maintain it. In addition to the monthly car loan payments and daily fuel costs, you also need to renew your car insurance and road tax every year.
Every year when it comes time to pay for car insurance, car owners always have a special headache because car insurance is not a small amount. Usually, many people renew their car insurance through an insurance agent (Agent). The advantage of going through an agent is that it is convenient, you only have to pay them a specific amount and then they will take care of everything for you.
But did you know that there is a commission of about 10% for renewing your car insurance through an Agent? If your car insurance premium is RM2000, then RM200 will be the broker’s commission and your actual premium will only be about RM1800.
If you want to save this 10% commission, then you can renew your car insurance directly with your insurance company. Here’s how you can buy and renew your car insurance through Maybank etiqa. The whole process takes less than 5 minutes and you can save 10% on your premium.
How can I renew my car insurance online via Maybank2u?
Etiqa website
Step 1: Visit https://www.etiqa.com.my/v2/car-insurance-takaful and select Motor Insurance (conventional car insurance) or Motor Takaful (Islamic car insurance).
Step 2: Enter your vehicle registration number and click on Find my vehicle.
Step 3: Enter your personal information and the system will calculate the cost of your car insurance.
Step 4: The system will display your car insurance details and you can choose between Agreed Value (compensation will follow the value you choose) or Market Value (compensation will follow the market price).
Step 5: View your profile.
Step 6: Click Driver Details to view and add driver details.
Step 7: Choose whether to add additional coverage.
Step 8: Check all the information and then you can pay your car premium.
Maybank2u APP
Step 1: Login to your Maybank2u APP.
Step 2: Click Apply Online in the menu.
Step 3: Click Apply For Motor Insurance.
Step 4: Choose whether you want to renew your car insurance for yourself or for others.
Step 5: Fill in your personal information.
Step 6: The system will calculate the cost of your auto insurance for you.
Step 7: You can choose whether to add additional coverage.
Step 8: Check the personal information.
Step 9: Choose which bank account or bank card you want to pay for your policy from.
Step 10: Just complete the payment.
