After health plan hikes, could motor insurance be the next big increase to hit Malaysians’ wallet?

Motor Insurance Premiums Malaysia News

After health plan hikes, could motor insurance be the next big increase to hit Malaysians’ wallet?
Medical Insurance Premium Hike MalaysiaCar Insurance Cost Increase 2025Inflation Impact On Motor Insurance Malaysia
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KUALA LUMPUR, April 19 — Following a public outcry over soaring medical insurance premiums, attention has now turned to motor insurance — but experts say a drastic hike is...

Malay Mail’s Top 10 Picks: ‘Blood Brothers: Bara Naga’ storms cinemas as ‘Good Bad Ugly’ and Rami Malek’s ‘The Amateur’ debutThough medical premiums have risen by as much as 40 per cent in some cases, PIAM chief executive Chua Kim Soon said motor insurance is unlikely to follow suit due to safeguards already in place.

Though medical premiums have risen by as much as 40 per cent in some cases, he said motor insurance is unlikely to follow suit due to safeguards already in place.operators to set premiums based on a driver’s risk profile, instead of relying solely on fixed pricing. This approach means drivers with clean records and well-maintained vehicles may continue to enjoy lower rates, despite inflation.

“This will result in higher sum insured, which will correspondingly have an impact on the premium itself.”

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Medical Insurance Premium Hike Malaysia Car Insurance Cost Increase 2025 Inflation Impact On Motor Insurance Malaysia

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