AIG Singapore Will Deny McLaren Coverage for Accidents in Malaysia!
AIG Motor Insurance has opted not to provide insurance coverage for McLaren sports cars if they are driven across the Causeway, as reported by The News Straits Times. This decision comes after last October's incident, where three Singaporean registered McLarens were involved in an accident amongst themselves in Kluang, Johor.
This decision, which will take effect on April 1, 2024, would result in over 200 registered McLarens in Singapore losing any coverage privileges if they are insured by AIG and are involved in an accident while crossing the border into Malaysia.
Furthermore, Marcus Luah, one of the McLaren owners whose car was involved in the Kluang accident, believes it is unreasonable for AIG to pick out McLarens when there are more incidents involving other makes.
He would most likely be referring to a few occurrences involving Porsche models, one of which occurred during the same month and involved a limited-production, Singapore-registered Porsche 911 Dakar in Johor.
According to Douglas Chia of Eazy, an insurance brokerage agency, AIG's stance was unusual but not unprecedented, particularly for cars valued at more than $3 million (RM10,500,000). For example, McLaren Artura insurance would normally cost between $6,000 and $10,000 (RM21,000 to RM35,000) each year for a regular driver with a 50% no-claims discount (NCD).
Meanwhile, Chong Kah Wei of Eurokars, the McLaren distributor in Singapore, respects AIG's decision and is in discussions with alternative insurance partners like Liberty Insurance to reduce the impact on their consumers.
Ho Kai Weng of the General Insurance Association of Singapore declined to comment on individual members' procedures, adding that insurers make judgments based on their own risk acceptance tolerance.
Source: FB Tanpa Nama
Written By
KS
More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well! https://www.linkedin.com/in/kumeran-sagathevan/
JPJ Running Numbers
KUALA LUMPUR
VPL9857
SELANGOR
BSG6530
JOHOR
JYE3090
PULAU PINANG
PRS8794
PERAK
ANY4970
PAHANG
CFC9214
KEDAH
KGB5769
NEGERI SEMBILAN
NEG5951
KOTA KINABALU
SJL9999*
KUCHING
QAB7853L
Last updated 31 Jul, 2025
Fuel Price
Petrol
RON 95
RM 2.05
RON 97
RM 3.17
-0.04
RON 100
RM 5.00
VPR
RM 6.23
Diesel
EURO 5 B10
RM 2.91
EURO 5 B7
RM 3.11
Last updated 31 Jul, 2025
Related News
This is McLaren’s New Le Mans Hypercar for 2027
McLaren has unveiled its new Le Mans hypercar for the 2027 season of the FIA World Endurance Championship.
15-06-2025
McLaren 750S Gains New 50-Unit-Only Le Mans Tribute
McLaren celebrates the 30th anniversary of its Le Mans triumph by unveiling the 50-unit-only 750S Le Mans edition.
03-06-2025
McLaren Set to Merge with Forseven to Form McLaren Group Holdings
McLaren Automotive is set to merge with British start-up Forseven to form McLaren Group Holdings.
04-04-2025
McLaren Now Owned By Nio’s Abu Dhabi Backer
Abu Dhabi government-owned investor CYVN Holdings has acquired McLaren from Bahrain’s sovereign wealth fund Mumtalakat.
10-12-2024
New McLaren W1 Is The Brand’s Most Powerful Roadcar Ever
With a total system output of 1,258 HP, the new McLaren W1 becomes the brand’s most potent roadcar ever.
07-10-2024
Launched: McLaren Artura Spider – From RM3.4 Million
McLaren Kuala Lumpur expands line-up with McLaren Artura Spider super-PHEV supercar priced from RM3.4 million onwards.
19-08-2024
McLaren Now Fully Owned By Bahrain’s Mumtalakat
British supercar brand McLaren is now under the full control of Mumtalakat – Bahrain’s sovereign wealth fund.
25-03-2024
McLaren Plans To Use Racing Simulator Tech To Develop Road Cars
McLaren will use a new simulator to help develop its next generation of road cars.
18-03-2024
Latest News
Tow Truck Operator Charged Over Viral PLUS Highway Blockade
Tow truck driver pleads not guilty to blocking PLUS highway near Pedas-Linggi during towing attempt.
31-07-2025
Toll Freeze Only For 2025, No Extensions Planned
The toll freeze is limited to 2025, with no changes planned for existing concession terms.
31-07-2025
MLFF Toll System Likely Delayed Until 2027 - Works Ministry
Malaysia’s MLFF toll system is likely delayed until 2027 pending regulatory work and Cabinet approval.
31-07-2025
PR Spouses Sidelined From RON95 Fuel Subsidy
PR spouses raising Malaysian children will reportedly soon be paying more for RON95.
31-07-2025
KTMB Adds 11,340 Extra ETS Seats for Aug - Sept Holidays
KTMB is adding 630 ETS seats daily from Aug 28 to Sept 21, totalling 11,340 extra seats across popular holiday period.
30-07-2025
Updated Fuel Prices From 31 July To 06 August
The Ministry of Finance (MoF) has announced the retail prices of all fuels in Malaysia, for the coming week of 31 July to 06 August, 2025, the rates are as such.
30-07-2025
NPE & Besraya Road Closure For IJM Allianz Duo Highway Challenge 2025
IJM Allianz Duo Highway Challenge 2025 returns with pre-dawn flag-offs and road diversions across NPE and Besraya.
30-07-2025
RTS Link On Track As Bukit Chagar Hub Completed
The Johor Bahru-Singapore RTS Link has completed its Bukit Chagar terminal and remains on track for launch by end-2026.
30-07-2025
Show More
trending_flat