1. Look for Insurance with Premium Fees According to Ability to Pay:
In order not to burden your finances, you need to look for insurance products with premium costs according to your ability to pay. Usually, the budget for this need is equivalent to 5 to 10 percent of the monthly salary. In other words, with a monthly salary of IDR 10 million, the budget for insurance should not exceed IDR 1 million so that other basic needs are met. The good news is, not a few insurance companies offer promos to attract new customers. Most importantly, even if you are looking for the most affordable premium, don’t forget the benefits of protection so that you are still able to meet all your needs.
2. Increase the Cost of Own Risks:
When there is a risk or problem that must be borne by the insurer, the customer must pay a deductible fee or own risk. This fee must be paid every time you submit a protection claim at a partner repair shop to repair car damage. Generally, these costs amount to hundreds of thousands and are charged to the customer to anticipate repair costs that are too low. So, if the cost is higher, the customer can make repairs without having to make a car insurance claim. On the other hand, with greater own risk costs, generally the premium burden will be lower.3. Don’t Forget Insurance Coverage Location Coverage
No less important, make sure to choose car insurance with a wide range of protection. If you frequently move cities or provinces, make sure to choose a product that provides protection in that location so you can submit a claim without the risk of rejection.
On the other hand, don’t forget to pay attention to the insurance policy clauses related to this location because usually the cost of premiums in certain cities is relatively cheaper than other cities.
4. Adjust to Needs:
It should be understood that there are many car insurance products offered by insurance companies with their respective advantages and disadvantages. Of course, you must be able to choose a product with protection benefits according to your needs, but at a premium that is still financially affordable. In addition, find out what facilities are provided by the insurance company. For example, try to choose a product that offers a tow truck service, or a replacement car when the car is being repaired. In order to be able to maximize coverage options and minimize premium costs, don’t hesitate to negotiate with insurance providers.
5. Consider the Type of Vehicle:
Depending on the type of vehicle, the cost of insurance premiums may vary. For example, insurance premiums on used cars are certainly much lower than the latest cars. Therefore, if the budget for these needs is limited, consider changing the type of vehicle so you can get an insurance product with a lighter premium.
6. Perform Insurance Merger:
The final way you can do to save on the insurance budget is to combine insurance in one cost package. For example, you can purchase both property insurance and auto insurance as a package from the same insurance company. By combining these insurance products, it is not uncommon for customers to get a discount on the premium fee so they can lighten the financial burden. Understand the Importance of Car Insurance Before You Regret It Later. Apart from the tips for choosing car insurance above, this financial product is a must have for every car owner to anticipate various risks that may occur in the future. Most importantly, when making a choice, pay attention to the legality and credibility of the service.
7. Determine the need:
The first step is to determine the need. Make sure what kind of protection you need. You can consider the age of use of the car to the condition of the engine. Generally, the provider will offer two types of insurance, namely:
(a) Comprehensive or All Risk
This type of car insurance provides protection against potential losses that may arise in the future, whether in the form of major or minor accidents.
(b) Total Loss Only:
This insurance will only provide replacement costs if the car damage reaches 75%, while minor damage is not guaranteed.
8. Look at the budget:
After that, don’t forget to consider the budget. Some insurance products may provide comprehensive protection, but the premiums paid will certainly be high. For that, you should first determine the budget before deciding to take out insurance. Choose insurance with premiums that do not exceed the budget so as not to disrupt cash flow.
9. Read the insurance product details carefully to compare:
As already mentioned, nowadays there are lots of car insurance products. You won’t know which ones are good and which ones don’t provide enough protection if you don’t check them one by one. As much as possible, dig up information about insurance products, how to claim existing insurance. Try asking friends or relatives who use car insurance. Ask the advantages and disadvantages of the products they use. You can also search for information from the internet or study reviews from insurance participants.4. Ask the insurance agent in order to understand the things in insurance
Some of the terms in car insurance may sound foreign, especially if you have never had anything to do with the world of insurance.
Rather than dissolve in confusion, ask the insurance agent. Ask them terms that feel unfamiliar. You can also request a simulation of premium payments and insurance claim mechanisms to get a clearer picture.
10. Consider the dealer’s recommendations:
There are times when the dealer who sells the car works with certain car insurance. They will usually recommend customers to use these insurance products. There are also those who don’t work with insurance companies, but they already understand the insurance options from previous customers. There is absolutely nothing wrong with considering these recommendations. After all, the seller must have good knowledge about the specifications of the vehicle. Even so, you also have to remember that these recommendations don’t have to be followed. You can still find out other insurance products out there. Who knows, you might find a product that fits your needs and of course your budget.
11. Choose the best insurance company, Tugu Insurance:
You can also see from companies that offer car insurance. A company with a good track record can guarantee its service. Also make sure the company has an official operational license that is recognized by the state. One of them is Tugu Insurance. This insurance provider company has been registered and supervised by the Indonesian Financial Services Authority (OJK). Well, one of the insurance products offered by Tugu Insurance is t-drive which is Motor Vehicle Insurance that provides protection for cars with a comprehensive guarantee or the Total Loss mentioned above. Not only that, this insurance is also added with expansions or other interesting features. Oh yes, this car insurance can not only be used for private vehicles, but official vehicles and trucks too, you know!
So, for those of you who are still confused about finding insurance for your favorite car, Tugu Insurance with its t-drive insurance product can be a solution. With an affordable premium, starting at IDR 33,000/month, you can still get maximum protection through the t-rex (Tugu Real Experience) service. The t-rex service itself is an emergency service that will help your vehicle in case of an emergency. The method is very easy, contact CALL TIA 1500 458 t-rex will be ready to help!