Understanding the Difference Between Car Insurance and Car Warranty

When budgeting for a car, many focus on the down payment and monthly installments. But don’t forget two crucial protections: car insurance and car warranty. Both protect you and your vehicle, but in different ways. Let’s explore the key differences.

1. What is Car Insurance?

Car insurance protects you financially if your car is damaged in an accident or other incidents. It acts as a safety net, covering repair costs and liabilities.

2. Is Car Insurance Mandatory?

Yes! In Malaysia, having valid car insurance is a legal requirement before renewing your road tax. It protects both you and third parties from claims arising from accidents.

3. Types of Car Insurance Policies

• Comprehensive Insurance: Covers damage to your car, yourself, and third parties.

• Third-Party, Fire & Theft: Protects against claims from third parties, fire damage, and theft.

• Third-Party Only: Basic coverage protecting only third parties, usually the cheapest option.

  

4. What is Car Warranty?

While insurance covers accidents and damages, a warranty covers mechanical defects or faults in your car within a specified period, protecting against repair costs for manufacturing issues.

Conclusion

Car insurance and car warranty serve different but essential roles to keep you protected on the road and your vehicle in good condition. Make sure you have both for complete peace of mind.

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