What is the coverage provided by CARCO capital's automobile insurance?
CARCO Capital’s motor insurance is a financial marketplace that, in partnership with PolicyStreet, offers consumers immediate quotes for motor insurance renewal and purchase, as well as road tax renewal.
What are the benefits of renewing my auto insurance with CARCO x PolicyStreet?
We wish to provide you with a healthy, stress-free journey. This unique partnership with PolicyStreet allows you to simply renew your insurance, find a new insurance provider, and renew your road tax without ever leaving your house and in just a few clicks.
How can I renew my CARCO x PolicyStreet insurance and road tax?
On our website, you may get a fast price, select an insurer, add-on road tax renewal, and make payment. You must give the following information:
- Identification Card (IC) Number
- Car Plate Number
- Mobile Number
- Email
- Residential Address
We will ask other information if needed by the insurance company.
Which insurers can I get a quote from right now?
At CARCO, we offer quotes from the following five insurance companies:
- Lonpac Insurance Berhad
- Tokio Marine Life
- Alliance
- Maybank Takaful
- Berjaya Sompo
How is my insurance premium calculated?
There are a variety of factors that will affect your insurance premiums. Factors include driving experience, NCD, age, gender, vehicle details (make/model/age), occupation, claim history, type of coverage, and vehicle usage.
At CARCO, we promise to help you find the best insurance policy at the most affordable price.
Should I add named drivers to my motor insurance?
Yes, you should add named drivers to your motor insurance if your vehicle is driven regularly by someone other than yourself. By adding named drivers, they will share the same level of insurance coverage as you, the policyholder.
However, do note that your insurance premium may increase depending on the profile, experience, and driving history of the named driver. That is why you should always compare motor insurance quotes online first.
When can I renew my motor insurance?
You can renew your motor insurance two months before it expires. That way, you will have ample time to renew your road tax or get your vehicle inspected.
What is a no-claim discount (NCD)?
If you’ve been a careful driver and have not made any claims for consecutive years, you’ll get to enjoy a No-Claim Discount (NCD). For each year you go without making a claim, you’ll enjoy a discount when you renew your policy, up to a maximum of 55%. This means if you go six years without filing a claim, your insurance premium will be cut by more than half, saving you money!
How to check my NCD?
Only your insurance company has your NCD records. Please contact your current insurer to check your NCD.
