Vehicle insurance for you – Transportation is important for you who have to move to a place far from home. Especially the means of transportation is needed for people living in big cities, such as for example in Jakarta. Although public transportation in Jakarta is getting better. But having a personal vehicle is something that is also needed for ease of activity.
When you have a vehicle, surely you will keep the condition of your vehicle to always be good and worth using. One form of custody that you can do is through motor vehicle insurance. This insurance product guarantees any loss or damage to your motorcycle or car. Is this insurance important? Yes! This is the reason.
1. Protect from the Risk of Vehicle Theft
The purchase price of a motor vehicle is not cheap. So you will definitely keep your vehicle safe and remain yours. But disasters can happen to anyone, anytime, and anywhere. Although already keeping it in such a way, the risk of vehicle theft is always there. So, all you can do to keep your vehicle from the risk of theft is by car insurance. If your vehicle is stolen, the insurer will provide a certain amount of funds in accordance with the terms of the insurance.
2. Protecting from the Risk of Vehicle Damage
Sometimes, even though you’ve been very careful while driving your vehicle, it can still happen accidents, be it a small or large accident. No matter how small the impact of the accident, the cost of making it back the way it used to require a lot of money. But with the insurance of vehicles, the cost will be cheaper than the market price.
3. Helping You Take Responsibility To Third Parties
When an accident involves a third party, you will usually have difficulty in dealing with it and need big money to give you responsibility. You will need legal and professional fees. If you have motor vehicle insurance, the insurance party will take over your responsibility or your driver in the event of an accident. So you do not need to bother and pay dearly to be responsible.
What is the Premium Cost?
1. Vehicle type and price
The first thing to consider before determining the cost of vehicle insurance premiums is the type of your vehicle. Types of vehicles are generally divided into 3 types. Namely non-bus and non-truck vehicles, bus and truck vehicles, and two-wheeled vehicles. Distribution by type of vehicle is applicable for insurance products Total Loss Only (TLO) and All risk.
After finishing categorizing the type of vehicle, the vehicle price is also a consideration before finally the cost of your insurance premium is determined. Vehicle prices are also categorized into several categories. The more expensive the price of your vehicle, the more expensive the premium you have to pay.
2. Coverage Area
After considering the type and price of the vehicle, the coverage area is the next consideration. The coverage area is divided into 3 sections, namely area 1 which includes Nanggroe Aceh Darussalam, North Sumatra, West Sumatra, Riau, Riau Islands, South Sumatra, Bangka-Belitung, Lampung, Bengkulu and Jambi. Region 2 includes Jakarta, Banten, Bandung, Cirebon, Bogor, Purwakarta, Karawang, Subang, Garut, Tasikmalaya, Sumedang, Ciamis, and Banjar. And region 3 covers areas not covered in territories 1 and 2. This consideration also applies to TLO and All Risk products.
3. Vehicle Age
The last thing to be considered for determining the premium price is the age of your vehicle when it goes into insurance. The facilities and the rules of insurance also vary depending on each insurance company. The older the age of your vehicle. Usually the premium price will be more expensive. As the rule stipulated by the Financial Services Authority (OJK) that there is an additional 5% per year for each vehicle that is older than 5 years and only applies to All Risk insurance type.
Let’s Immediately Register Your Vehicle
Keeping your vehicle is important because it affects the safety of your soul, your finances, and also others. It would be better if you register your vehicle for vehicle insurance when you just have the vehicle because in addition to cheaper, it will also reduce the losses that may occur to you and your vehicle. Let’s sign up for your vehicle to stay protected.