Why Should You Pay The Car Insurance Premiums With Expensive?

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Why Should You Pay The Car Insurance Premiums With Expensive?

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What is the cost of car insurance premiums should I pay? Yes, that's the first thing you ask when you might want to ask the car insurance. Many insurance companies in Indonesia, and of course you will try to compare insurance products which will be filed. Apparently, there are several factors that can affect car insurance premium you want to take or propose. Here are those factors;

Security Type

Complete guarantee will be more expensive. Yes that's for sure. Therefore, the size of the value of car insurance premiums is a type of insurance policy guarantees you purchased complete with expansion. The more extension you specified, the value of your premium would be higher. You have read in previous articles about the difference of two insurance provided in the car insurance, the Comprehensive insurance (all risk) and total insured losses (Total Loss Only / TLO). In terms of collateral, two insurance coverage is indeed different.

In fact, if you add the extension assurance as the risk of occurrence due to riots, natural disasters, or personal injury to the driver and passengers, then there will be an additional payment of a premium for it. Typically, some insurance companies provide collateral in the form of a package, but there is also a separate enforce the requirement to pay an additional premium.

Type and vehicle type

Vehicle type truck with the same kind of buses are the premiums? Certainly not. For brands and models that will affect the price of the vehicle. And, the price is definitely going to affect the calculations of how much car insurance premium that you pay. Because of that, of course it will be a major consideration in calculating the cost of car insurance premiums.

Vehicle age

The age of the vehicle will also determine the application rate car insurance premiums. Therefore, the older the vehicle, the more expensive it will automatically ratenya application. Why? Therefore, the older the vehicle, the greater the risk to the value of the vehicle.

Location

What is the purpose of factors this location? Generally, customers who live in the middle of a big city is more risky because of the high rate of car theft or vandalism and accidents than those who live in the suburbs or in the countryside. However, according to the existing insurance regulations, specifically, to motor vehicles in Indonesia rate determined three areas, namely Region 1 (Sumatra and surrounding islands), Region 2 (DKI Jakarta, West Java, and Banten), Region 3 (other than Region 1 and 2).

Why is designated as such? The reason is because the data loss risk profile showing the different character of each region. For example, the additional insurance coverage for the tsunami. Of course, there are areas that are small for their potential likelihood of such disasters.

Vehicle use

The insurance premium is calculated based on risk, so the lower the risk you are, the less you have to pay premiums. It, too, applies to the use of vehicle you want to insure. Therefore, the risk of which is owned for personal vehicles used will vary with the vehicle you want to use as offices or commercial.


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