Tips for choosing the right car insurance based on financial circumstances
You get peace of mind when driving automatically when the car you're driving is insured by a trusted company. If there is an accident caused by another party, you don't have to worry about the cost of car repairs or medical costs due to injuries.
The expenses incurred as a result of the accident will be partially or fully covered by the insurance company. Delicious, isn't it?
Before purchasing a car insurance product, there are several tips to determine the most appropriate insurance product to be in target.
You get peace of mind when driving automatically when the car you're driving is insured by a trusted company. If there is an accident caused by another party, you don't have to worry about the cost of car repairs or medical costs due to injuries.
The expenses incurred as a result of the accident will be partially or fully covered by the insurance company. Delicious, isn't it?
Before purchasing a car insurance product, there are several tips to determine the most appropriate insurance product to be in target.
1. Home adaptation
The insurance premium they charge you varies depending on the driver's region or address. In TLO insurance, the largest percentage is found in and around Sumatra. Meanwhile, for all hazardous products, the highest proportion is Jakarta, West Java and Banten regions.
If the vehicle is frequently used for driving in the Jakarta area, the premium paid will automatically follow the tolls in and around Jakarta.
Apart from accommodation, vehicle insurance premiums are also not without the impact of the price of a used car. The more expensive the price, the higher the premium.
2. Pay attention to the condition of the car.
To obtain the appropriate insurance product, you must complete a questionnaire about the age of the vehicle. Different ages and different types of protection needed by vehicles.
For cars that are 10 years old or younger, you should protect them with products that have all the risks. For ages 10 and up, protect yourself with Total Loss Insurance Only (TLO).
Company policies vary regarding the age of vehicles that can be insured. We recommend that you learn more so that you do not buy the wrong product.
3. Ask for an excellent explanation
Signature artwork must be ordered before car insurance is purchased. In this illustration, you can see covered benefits, exclusions, and premiums. This illustration can also be used as a comparison of insurance products from different companies.
Illustrations can be requested from agents or customer service stating the benefits you want to receive.
Should you buy an insurance product after making the premium illustration? No, because the illustration is still in draft form and has not been sent to the insurance company for review.
4. Compare other insurance products
The offered insurance products can be the same, which is TLO and all risks. However, in terms of premiums, the two differ in each company. The difference is usually insignificant, but it will add up to a decent premium payment in the long run.
It is important to compare the products offered by each company so that the products are in the right direction. You can use premium illustrations to make the comparison process easier, so you don't get confused.
Two important points of comparison are the premiums and the interest. Choose the most profitable, because protecting the car will indirectly save your "pocket".
5. Trust the company that has a lot of experience
The average insurance company offers auto insurance products. However, not everyone can be trusted to provide the best service. Be it the speed in resolving issues or the quality of partner workshops responsible for car repairs.
Only experienced companies should be sought. This is because many of the issues you are currently experiencing were previously handled by different policyholders.
Don't forget to read the company's customer testimonials. From here, you can view the company's performance even if you have not used its services to protect vehicles before.
6. consider financial capabilities
Whatever insurance you get, TLO or comprehensive, with limited or extended benefits, you must adjust it according to your financial capabilities. Don't freak out financially just because of car insurance.
Indeed, insurance can save "pocket" from unforeseen costs. But remember that there are other necessities that also cost money.
If you currently have the financial ability to purchase TLO insurance, only TLO for a while. If your financial condition improves, you can renew your benefits or look for products from different companies to get maximum protection.
