Hi.
Congratulations on a new ride, the feeling is awesome:)
Now, in Pakistan you probably notice how dangerous it is to drive- Donkey cart comes out of nowhere, cyclists own the road and more problems while driving.
Insurance is a must. May Allah forbid if anything happens, at least Insurance will cover it.
For small problems, like a scratch or something no point asking for a claim, but imagine the whole car is damaged, at least you can rely on Insurance right?
If you install a tracker, that is good too but it can be jammed by thieves. Don't rely on a tracker alone, get insurance with it too.
1.8 Million is not a small amount, why not spend 50,000 to keep it safe?
PS: you won't need an alarm.
If you got some friends in Banks or insurance companies, ask them to get you the lowest rate. A friend of mine got his Altis covered at if i remember correctly, %2.60 of Invoice price. Good investment that!^:^
Wait for the experts to comment- I got my car on a lease, so insurance+ tracker was mandatory. Still i am happy. I can even leave the car outside at night, won't have to worry about it.