Choosing the Best Car Insurance, Consider This First!

When choosing the best car insurance, it's important to consider the type of coverage that meets your needs.

There are two main types of car insurance: All Risk, which covers both minor and major damages, and Total Loss Only (TLO), which covers damages of at least 75%.

All Risk insurance is typically more suitable for new cars, while TLO insurance is better for used cars. Make sure to assess the extent of damage to your car before deciding on the right insurance product.

Once you've chosen the right insurance, you can learn about how to file a claim for protection. This process is similar to choosing the best car with a value of 150 million.

Considerations for Choosing the Best Car Insurance Products

There are several factors to consider when selecting the best car insurance. One of the most important is the type of coverage you need based on the potential risks you may face.

It's also essential to consider your financial ability to pay premiums, as this is a requirement to benefit from car protection products.

Additionally, you should choose a type of insurance that meets your protection needs.

Two common options are All Risk, also known as comprehensive insurance, which provides comprehensive coverage for a wide range of losses or damages to your car, and Total Loss Only (TLO) insurance, which only covers major damages or total loss of the insured vehicle.

All Risk insurance offers the advantage of comprehensive coverage, but premiums may be higher.

TLO insurance has lower premiums but only covers serious damages or total loss. It's important to weigh the pros and cons of each option to make the best decision for your needs.

Tips for Choosing the Best Car Insurance

Car insurance is insurance that provides coverage benefits in the form of repairs for damage and or loss to a vehicle such as a car.

This insurance also provides protection if the car you are driving in is stolen by bad people. For those of you who want to choose the best car insurance, here are tips for choosing it:

Registered at OJK

The most important thing that must be considered in choosing insurance, including car insurance, is that the company must be legal.

One of its characteristics is that the company has been registered with the Financial Services Authority (OJK).

Buying insurance from a company that is not registered with the OJK means that the company is unclear and illegal.

Has a Wide Partner Workshop

As a potential customer, you must choose an insurance company that works with many partner workshops.

The more, of course, the better, especially since the company also works with repair shops that are not far from where we live.

The car repair process becomes much faster because you don't have to take it far away. Unless the insurance company provides free towing services in the insurance policy.

It's not enough to stop there, also make sure the workshop that works with the company is an official repair shop. Can provide warranty for original parts and repairs if after repair it breaks again.

Providing Reasonable Insurance Premiums

Never be tempted by insurance premiums that are too cheap, because there are already separate rules that discuss car insurance premiums.

This is as stated in the regulations in Circular Letter Number 6/SEOJK.05/2017 where the premium considers several aspects, namely the type of insurance, type of vehicle, category, sum insured, and area.

Usually, All Risk car insurance premiums are higher than Total Loss Only insurance.

Have Additional Services

Information on the official website of the insurance company will usually include whether the company accepts additional services.

Usually additional services to car insurance are in the form of a free tow to the repair shop, legal liability to third parties, or additional accident insurance.

If indeed the insurance company provides these services, it would not hurt to choose, because services like that are definitely what you need. On the other hand, you don't choose a company that doesn't provide maximum benefits.

Those are the considerations and tips for choosing the best car insurance. Hope it is useful!