Are you looking for a car insurance that doesn't break your wallet? This is the solution

Floods came again and hit several areas in Indonesia, such as Jakarta, Depok, Bogor, Bengkulu, Pasuruan, Toraja, and other points. According to the Meteorology, Climatology and Geophysics Agency (BMKG), the potential for heavy rain will still occur until early May.

The capital city is not spared from flooding every year. The Ciliwung River overflows, Jakarta is flooded , especially in subscribed areas, such as Rawa Jati, Cililitan, Kampung Melayu, and Bidara Cina. Hundreds of houses were submerged, many cars broke down caught in the flood.

If it's like this, it's a headache to go around to repair the car. Actually, if you already have car insurance with flood coverage, your wallet can be safe. Just claim, all right. It's a hassle if you don't have insurance because you have to take the car to a repair shop by spending your own money and it's definitely expensive.

Therefore, do not regret later. If you have a car, protect it with car insurance products as needed. You can adjust the premium amount according to your ability.

Types of Car Insurance Protection and Premium Rates

Car insurance offers 2 types of protection, namely:

1. All Risk or Comprehensive : Provides a guarantee for your car for all types of damage, ranging from minor damage, severe damage, to vehicle loss.

2. TLO ( Total Loss Only ): Provides a guarantee for your car in case of loss or damage of more than 75%. If it is slightly damaged, such as a broken or scuffed rearview mirror, the loss cannot be replaced.

The amount of all risk and TLO insurance premiums has been regulated by the Financial Services Authority (OJK) as stated in the Financial Services Authority Circular Letter Number 6/SEOJK.05/2017. Check the details here .

Unfortunately, flood events are not included in the borne risk. In this case, you need to extend your car insurance coverage , such as floods, typhoons, storms, and water damage. The premium for the expansion of car insurance is also listed in the attachment of SE OJK Number 6/2007.

Example of Calculating Car Insurance Expansion Premiums

For your example, a resident of Jakarta has a Toyota Avanza New 1.3 GM/T for Rp. 208 million. Purchased an extended car insurance for flood risk.

Based on the SE OJK, Jakarta is included in region 2 with premium rates:

TLO = 0.38% -0.42%
All Risk = 2,08%-2,29%

Car insurance expansion premium rates for flood risk in the Jakarta area:

TLO = 0.075% -0.1%
All Risk = 0,10%-0,125%

If it is calculated using the lower limit rate, then the amount of premium you have to pay:

TLO with expansion = (0.38% + 0.075%) x IDR 208,000,000 = IDR946,400
All Risk with expansion = (2.08% + 0.10%) x Rp208.000.000 = Rp4.534,400.

Car Insurance Options

Actually having and adding to the expansion of car insurance is very important so that the various risks of your vehicle are guaranteed by the insurance company. How come there is car insurance that offers quite affordable premium rates per year.

You can compare and choose car insurance products that suit your needs and abilities through the Cermati.com website . It is also equipped with a simulation of the premium amount if you want to expand your coverage, such as floods, terrorism, earthquakes, tsunamis, riots, and others. Of course, the premium price with expansion will be more expensive.

How to apply for car insurance via Cermati.com:

1. Go to https://www.cermati.com/asuransi-mobil

Enter or fill in the year of the vehicle, the make of the car, the model of the car, the type of the car, the license plate, and the type of protection. For example 2018 - Toyota - Toyota Avanza - Grand New Avanza 1.3 GM/T - plate B - all types of protection.

Don't forget to enter the promo code "CICILANPINTAR" to get a 15% discount on car insurance premiums and a bonus Blibli voucher worth Rp. 200,000. Discounts and vouchers are only given to customers who make car insurance installment payments no later than May 31, 2019.

3. You can compare car insurance products, starting from the product of choice, the highest premium product, or the lowest premium.

4. The premium price listed on the website of course varies depending on the type and price of your car

5. If you have found a suitable one, click on the “Buy Now” column.

6. Follow the next step according to the instructions.

Also Read: What to Understand Before Taking Car Insurance?

The following are recommendations for car insurance products with the lowest and highest premiums for the price of the Toyota Avanza Grand New Avanza 1.3 GM/T Plat B:

1. Avrist TLO

The price of car insurance premiums is IDR 587,000-IDR 841,000 per year
Premium price plus flood expansion to Rp705,000-Rp1,037,000
Authorized workshop service and 219 partner workshops
No survey, just send a photo of the vehicle
Free crane service
Vehicle shuttle facilities.

2. AXA TLO

Premium price from IDR 630,000-IDR 813,000
Premium price plus flood expansion to Rp756.000-Rp1.001.000
Service 108 partner workshops
No survey, just send a photo of the vehicle
Taxi fee

3. ReliOto TLO

Premium price Rp.636.000-Rp.819.000
Premium price plus flood expansion to Rp762,000-Rp1,07,000
Free towing service in Jabodetabek area
Car pick-up service to and from Reliance partner workshops
Change taxi fees online
Replace new for old vehicle.

4. Simasnet TLO

Premium price IDR 701,000-IDR 740,000
Premium price plus flood expansion Rp842,000-Rp912,000
Authorized workshop service and 474 partner workshops
Submission of insurance policy without vehicle survey and document verification
Free crane service
Direct claim facility at official Simasnet workshops throughout Indonesia.

5. ACA SOIL

Premium price IDR 663,000-IDR 774,000
Premium price plus flood expansion Rp796,000-Rp954,000
Authorized workshop service and 216 partners
Free crane service
Emergency Road Assistance
You can claim where you want.

6. ACA Automate Solitaire

Premium prices start from IDR 4,929.000 - IDR 5,513,000
The premium paid includes insurance against the risk of flooding, riots, terrorism, earthquakes, volcanic eruptions, tsunamis
Free crane service
Emergency Road Assistance (ERA) for 24 hours at the place where your car is damaged
Access to official workshop
Pick up and drop off to ACA partner workshop
Insurance claims are easier with the Mobile Claim App .

7. AXA Mandiri AutoPro All Risk

Premium price IDR 3,780,000-IDR 4,296,000
Premium price plus flood expansion Rp3,958,000-Rp4,536,000
Access to official workshops and 381 partner workshops is available
Free crane service
No survey, just send photo or vehicle policy
Help on the road

8. Tokio Marine All Risk

Premium price IDR 3,755,000 - IDR 4,271,000
Premium price plus flood expansion Rp.3.933.000-Rp.4.511.000
Authorized workshop service and 207 partner workshops
No survey, just send a photo of the vehicle
No need for a Kaditserse letter when claiming due to loss
Refund the taxi fee while your car is at the repair shop
Reimbursement if your car is stolen by a private driver

9. MAG All Risk

Premium price IDR 3,755,000 - IDR 4,271,000
Premium price plus flood expansion Rp.3.933.000-Rp.4.511.000
518 partner workshops available
Submission without survey
Coverage applies throughout Indonesia

10. MNC All Risk

Premium price IDR 3,974,000 - IDR 4,088,000
Premium price plus flood expansion IDR 3,933,000 - IDR 4,209,000
Authorized repair shop service for 0-3 years old car
Free crane service
Emergency Road Assistance.

Going Home Soon, Immediately Apply for Car Insurance

Today, everything is expensive, including the cost of servicing or repairing a car to a repair shop. Without car insurance, your pocket might break. Especially when Lebaran is coming soon . For those who want to return to their hometown using a private car, it is highly recommended to equip your vehicle with car insurance to be protected from all risks that can come at any time.