Recommended Car Insurance for 2022
Car insurance is a type of internet insurance that pays out if the car sustains any type of harm, from little dents and abrasions to total or catastrophic damage. All-risk (comprehensive) insurance, which covers all car damage, is one of two types of auto insurance. There is also auto insurance that just covers entire damage costs, known as total loss only (TLO).
1. What types of auto insurance are available in Indonesia?
There are several different kinds of auto insurance, including total loss only (TLO) and all risk (comprehensive). TLO auto insurance only covers catastrophic damage, whereas full risk auto insurance covers all hazards. Both in terms of coverage and premium cost, each has pros and cons.
As a result, you should adapt to the requirements and kind of car. As an illustration, pick KIA Car Insurance, Nissan Car Insurance, ACC Car Insurance, BCA Car Insurance Insurance, etc.
In terms of rates, the price of auto insurance varies depending on the kind selected. Generally speaking, the range begins at IDR 600k per year, or about IDR 50k per month.
1. A sample all-risk auto insurance
contract The benefit of all risk auto insurance refers to the kind of auto insurance that will accept all claims for auto damage, from little to serious. All-risk auto insurance is beneficial and appropriate for those of you who have recently purchased a vehicle so that you can submit a claim as soon as you sustain damage. Naturally, the all risk auto insurance premium will be
Significantly higher since it is the one who actually suffers the damage. For instance, the Jakarta region's all risk insurance premium is 3.26 percent of the car's purchase price. The proportion of premiums is higher than the TLO vehicle insurance policy's most expensive premium, which is at 0.78%.
2. Policy for TLO Car Insurance
Benefits from TLO vehicle insurance only give coverage or insurance expenses if the automobile is stolen, totaled, or sustains damage with a repair cost equivalent to or greater than 75% of the car's current worth. This means that before you can file a claim, the car must be totally destroyed or rendered useless. Don't expect the claim to be approved if the car is only one centimeter scratched. The price is undoubtedly lower than the all-risk auto insurance rate because you may only file a claim when the vehicle is severely damaged. In fact, it may be three times less than the cost of all-risk auto insurance.
3. Third-Party Car Insurance
A combination kind of auto insurance between all risk and TLO is also available, however it can only be purchased while getting a car loan. The way it works is that the car will be insured for all risks in the first year, then only by TLO car insurance in the second.
4. Car Insurance Expansion (Rider) You can still add a vehicle insurance expansion guarantee to the three types of auto insurance mentioned above. Additional benefits outside of coverage for an accident or loss are known as expansion guarantees. Guarantee of expansion with additional premium:
Guaranteed expansion of flood and hurricane vehicle insurance Guaranteed -expansion of earthquake and tsunami vehicle insurance Guaranteed expansion of riot or riot vehicle insurance Guaranteed expansion of terrorism and sabotage vehicle insurance Guaranteed expansion of third party legal liability vehicle insurance (TPL) Guaranteed expansion of passenger personal accident vehicle insurance Guaranteed expansion of legal liability vehicle insurance for passengers
5. Collision Coverage Car Insurance This is a vehicle insurance that is devoted to covering medical costs due to a collision caused by the driver. In addition, this vehicle insurance will also cover the cost of damage and compensation according to the price of the car the customer has.
6. Car Liability Insurance This car insurance is actually not much different from Collision Coverage. The difference is, Liability Insurance provides additional coverage in the form of medical bills or injuries suffered by vehicle insurance policy holders.
7. Personal Injury Protection Car Insurance Personal Injury Protection Car Insurance provides protection guarantees for customers who have an accident against themselves while driving. Not only that, this type of car insurance also provides additional costs as compensation for accidents experienced by customers and passengers.
