In general, each insurance company offers the same two types of protection, namely Comprehensive (All Risk) and Total Lost Only (TLO).
Comprehensive (All Risk) is compensation by the insurance company for the loss of part or all of the car due to falling objects, fire, misdeeds, theft, seizure, collision, collision or other traffic accidents.
Total Lost Only (TLO) is compensation that the company will ONLY provide if the car is damaged or above 75%. In addition to the two types above, you also need to be aware of ‘expansion’. Expansion is the addition of protection coverage. Expansion includes:
- Tsunami and earthquake
- Terrorism and sabotage
Is this extension of protection necessary / not? It depends. For example, if you live in Jakarta, you MUST take the expansion of floods and riots because these 2 events occur quite frequently here. If you do not take the expansion and your car is ‘down the engine’ due to flooding, the insurer will NOT compensate. Now it is up to you to decide.
The average annual cost of car insurance across the United States is $1,502. As you’ll see, the state you live in can have a large effect on how much you pay for car insurance. Various other factors affect individual car insurance premiums including coverage requirements, your car make and model, along with your driving history. What Is The Average Cost Of Car Insurance?
Generally, calculating car insurance premiums, both All Risk and TLO, is done by multiplying the price of the car by the percentage (rate) of insurance premiums.
The average insurance company is already connected online. The presentation and appearance of the websites they have are not the same. Sometimes the presentation of information on the insurance company’s website is not simple and familiar plus the difficulty of getting info on premium costs. In fact, to know how much the premium is, like it or not you have to calculate your own premium amount with the calculation method above.
Instead of complicated calculation, continue to open one by one insurance company website, but it takes a long time to get the desired insurance, it is better to find the car insurance of your choice at Cermati.com. Many car insurance options that you can find there, both All Risk and TLO.