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What is Auto Insurance
An auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage.
BREAKING DOWN Auto Insurance
Auto insurance premiums vary depending on age, gender, years of driving experience, accident and moving violation history and other factors. Most states mandate that all vehicle owners purchase a minimum amount of auto insurance, but many people purchase additional insurance to further protect themselves.
A poor driving record or the desire for more complete coverage will lead to higher premiums. However, you can reduce your premiums by agreeing to take on more risk, which means increasing your deductible.
In exchange for paying a premium, the insurance company agrees to pay your losses as outlined in your policy. Coverages include:
Property – damage to or theft of your car
Liability – legal responsibility to others for bodily injury or property damage
Medical – costs of treating injuries, rehabilitation and sometimes lost wages and funeral expenses
Basic personal auto insurance is required by most U.S. states, and laws vary. Policies are priced individually to let you customize coverage amounts to suit your exact needs and budget.
Policy terms are usually six- or 12-month timeframes and are renewable. An insurer will notify a customer when it’s time to renew the policy and pay another premium.
Auto insurance requirements vary from state to state. If someone is financing a car, the lender may stipulate requirements. Nearly every state requires car owners to carry:
Bodily injury liability – covers costs associated with injuries or death that you or another driver causes while driving your car.
Property damage liability – reimburses others for damage that you or another driver operating your car causes to another vehicle or other property.
Many states also require:
Medical payments or personal injury protection (PIP) – Provides reimbursement for medical expenses for injuries to you or your passengers. It will also cover lost wages and other related expenses.
Uninsured motorist coverage – Reimburses you when an accident is caused by a driver who does not have auto insurance.
Who Does Auto Insurance Coverage Protect?
An auto insurance policy will cover you and other family members on the policy, whether driving your car or someone else’s car (with their permission). Your policy also provides coverage to someone who is not on your policy and is driving your car with your consent.
Personal auto insurance only covers personal driving. It will not provide coverage if you use your car for commercial purposes—such as making deliveries. Neither will it provide coverage if you use your car to work for ride-sharing services such as Uber or Lyft. Some auto insurers now offer supplemental insurance products (at additional cost) that extend coverage for vehicle owners that provide ride-sharing services.
Best Auto Insurance Companies in Indonesia
Auto Insurance purpose is to provide protection to the holders of the incident or accident premiums unexpected example: car accidents, due to the theft of some car spare parts or even their car is stolen. By protecting your favorite car with insurance, then you can drive a car with a sense of calm and safe wherever you travel destination.
Nowadays, it is very easy for you to obtain auto insurance an attractive and appropriate to your needs as many insurance companies in Indonesia are competing by offering interesting programs. Insurance companies in the country now compete to provide the best service for the community, both in terms of programs to claim problems.
Auto Insurance types found in Indonesia
Type of car insurance coverage consists of:
1. Combined Insurance (Comprehensive) or All Risk
Guarantee losses resulting from large and small accidents or loss with the imposition of additional equipment / destruction or lost vehicles.
2. Insurance Total (Total Loss Only / TLO)
Guarantee losses resulting from an accident with damage to a minimum of 75% of the price of the insured or the vehicle is lost.
Besides the basic protection such as the above, car insurance also provides such insurance expansion law liability to third parties and passengers, riots (Strike, Riot and Civil Commotion), Natural Disasters (Act of God), etc.
Best Auto Insurance Company in Indonesia
Best Auto Insurance Companies in Indonesia
In addition to selecting the right type of insurance, the company's reputation must be taken into consideration before we use the services of insurance. This time we'll discuss on about the five best car insurance in Indonesia, as quoted from imoney. Hopefully this article presented can be used as reference material in choosing the right insurance for your vehicle.
1. GARDA OTO
In 2013 GARDA OTO had won the category of best car insurance survey version of one of the institutions in Indonesia. This result is obtained from a survey in major cities in Indonesia about car insurance, with the majority of respondents selecting them, a survey conducted on people who already use and those who plan to have car insurance.
A subsidiary of ASTRA BUANA insurance is awarded for two categories: Most Popular Brand and Best Customer Choice. It is caused by those who choose the GARDA OTO recommend this car insurance on the ranking of the top (highly recommended).
In December last year 2013, GARDA OTO also won an award that is Customer Loyalty Award. This award is given by SWA magazine based on the results of surveys that have been done was done, the NPS (Net Promoter Score) and derivatives survey NEV. Both surveys show that consumers GARDA OTO satisfied with the facilities and services that have been given to them. Do not be surprised if the results of the above survey, many customers who return to buy again a new policy of GARDA OTO for their cars.
The most innovation helps customers GARDA OTO access very easy. In addition to telephone and internet, GARDA OTO services can also be obtained via short massage. In addition, there are several programs of GARDA OTO to keep their clients' satisfaction. Double Happy program for example, allows customers to get free insurance.
2. ADIRA Insurance (AUTOCILIN Auto Insurance)
ADIRA Insurance, Auto Insurance, has won many awards of each year. In 2013, AUTOCILLIN won the award for Most Favorite General Insurance Product. This award is based on the results of a survey conducted by the Indonesian Business Web. In addition to the award, in 2011 Indonesia Brand Champion also confers AUTOCILLIN as the Best Customer Choice of Car Insurance.
It must be recognized that AUTOCILLIN have outstanding sales strategy, even they also never won the title of Great performance in Social Media. The way they serve the customer is also very good. This has been demonstrated by rank Excellence in Call Center Award in 2010 and also 2011. If you are looking for the best car insurance recommendation, AUTOCILLIN must be in the order in the list of recommendations auto insurance company.
3. ASURANSI ALLIANZ UTAMA INDONESIA (Allianz Auto Insurance)
Allianz Auto Insurance is also included in the list of car insurance services company recommendations. After ASURANSI ALLIANZ UTAMA INDONESIA as the holding company had won a variety of awards, Allianz's reputation in providing car insurance services also increased.
4. Auto Insurance AXA (AXA Insurance Indonesia)
AXA auto insurance also entered into the list of recommendations insurance services. You will look, insurance of AXA provide better services for customers. Drive Smart Insurance program launched AXA, provide protection to all forms of possible risks.
5. Auto Insurance ACA OTOMATE
Auto Insurance ACA (Central Asia Insurance), also deserve to go into the list of recommendations as a provider of car insurance. This is because the ACA offers a wide range of possible risks to occur. In addition, the company's reputation in Indonesia is good. ACA car insurance even provided a replacement car service for customer cars are in repair time.
With services and programs to help customers, auto insurance has also become one of the best car insurance. At Indonesia ACA is not new company insurance, especially Indonesian people already know the reputation of the company ACA in the insurance world.
