How to Choose the Best Car Insurance

How to Choose the Best Car Insurance - There are two types of car insurance, and this type determines the amount of premium and can be selected depending on

At the age of our vehicle

1. All risks, or comprehensive car insurance.

This type of insurance accepts car damage claims from small damage to weight.

All risk insurance is suitable for us who have just bought a car and if scratched, we only need to claim immediately.

Because it bears all damage, of course, all risk insurance premiums are more expensive.

For example, the premium for all risk areas A is 3.26% of the price of the car

The percentage of premium is much greater than the most expensive TLO premium or total loss

Only those at 0.78%.

2. Tlo car insurance or total loss.

TLO insurance provides coverage or coverage only if the car is lost due to theft,

or damage to more than 75% of the car price at that time.

This means that the car must be not used before we can submit a claim

The car is only twisted one centimeter, or hit and a dent, don't expect claims for approval. Because

can only make claims when the car is badly damaged, of course, the premium amount is also lighter

Compared to the type of insurance first, namely all risks.

Even the number of premiums can be three times cheaper than all risk car insurance At least in the area starting from 0.44% compared to car prices.

Here is a summary of the differences between the two types of car insurance. For those of us who live in the city.

With the risk of flooding, only for information, most insurance does not discuss directly Car repair due to flooding. Customers need to buy expanded coverage for flooding, and of course, you need additional premiums.

For the best car insurance options, lifts have compiled recommendations for car insurance products

The best, based on type, features, services, partner workshops, and the cheapest premiums.

Several choices include Sinarmas, ACA, Autocilin, Allianz, Astra Garda Oto, Axa Mandiri, and many others.

This means that as a customer, we benefit. Already have many choices we can find the cheapest and the best coverage benefits.

Well, now we calculate the premium costs for car insurance. Slightly different from health and life insurance,

The number of car insurance premiums has been regulated based on the level of the Financial Services Authority

The OJK Circular Letter in 2017, as a guide for calculating car insurance premiums

Based on the type of insurance, the area, car price, and guarantee expansion is provided.

The calculation, the percentage of all risk premiums, multiplied by car prices, is the cost of car insurance premiums,

Simulated as follows, 2.47% multiplied by 150 million, is IDR 3,705,000 per year.

The car insurance premium for TLO is only Rp. 660,000 per year. In addition to the two categories mentioned above, there is also combination car insurance.

This type of insurance combines all the risks and coverage of TLO used on credit cars.

However, it should be noted that this type of car insurance has changed in each period.

For example, the first year of coverage is all risks, then the following year is TLO.

Cheapest Car Insurance Full Coverage ★ How to Get the Best Auto Insurance Rate