How to Calculate Car Insurance Premiums to Not be Treated. Now the provision of premiums has been regulated by the OJK (Financial Services Authority) so that there is no longer a tariff war that tends to make prospective insurance customers feel fooled. Another consideration that determines the amount of premium other than the area is the selling price of the vehicle. The more expensive the price of a vehicle, the smaller the premium percentage. All risk insurance and TLO also allow customers to add benefits or expand protection. For example, there are often demonstrations, you want to protect your car for fear of being damaged by the masses. The cost is not expensive, you just pay 0.05 percent for All Risk insurance or 0.35 percent for TLO insurance.
But that minimum premium rate is in accordance with OJK regulations, the amount will depend on the insurance company chosen. With the addition of these premiums you will get an extension of coverage that protects vehicles from events such as natural disasters, sabotage, terrorism, and passenger accidents that are usually not covered by motor vehicle insurance. At first glance, the insurance premium is indeed greater than the cost of repairs. However, if there is an accident that is the same as the case above, even though in reality the damage caused by accident can be predicted? Even though we are careful, if other drivers are inconsiderate, we can still get hit. Especially if we live in a city where traffic is always congested.
It could be in one year that we have experienced several accident risk claims. Another benefit is if the car has to stay overnight, he can get a replacement car for a certain period of time. Usually 3 x 24 hours after the car enters the garage. The review above provides an overview of some things that affect the amount of premium so that you can adjust your needs with the budget you have. Actually premium costs are not expensive, you just adjust to the needs and types of insurance needed.
Especially if calculated potential risks such as the illustration above. If the risk of a small accident does look wasteful at its own risk, but if the risk is large, it will benefit greatly from the insurance protection.