Oona Motorcycle Insurance

Having car insurance is important to protect yourself from unexpected costs due to accidents, damage or theft.

This insurance product can help cover the costs of repairs and medical care, thereby reducing your financial burden.

In addition, some car insurance companies also provide protection against third-party claims and offer extra benefits such as towing services and a replacement car.

By having the right car insurance, you can have more peace of mind and be protected from financial risks, so it is highly recommended to choose the best car insurance policy that suits your needs.

The cost of car insurance in Indonesia varies greatly, depending on several key factors.

First, there are two types of car insurance based on their basic coverage: Comprehensive and Total Loss Only (TLO).

Comprehensive covers minor damages such as scratches and dents, while TLO is only for serious damage (≥75%) or theft that results in the loss of the car.

Extended insurance coverage can also affect the cost of your car insurance. 

Additional protection in the form of coverage for natural disasters, medical expenses or third-party claims can usually increase the price of your motor vehicle insurance.

The price of the car is another factor influencing the cost of car insurance. The Financial Services Authority (OJK) divides car insurance rates into five distinct categories, each determined by the price of the car.

Geographic location also plays a role, with the OJK differentiating rates based on regions: Sumatra and its surroundings, DKI Jakarta, West Java, Banten and other regions in Indonesia.

Lastly, the age of the car also affects the cost of car insurance. Starting from the sixth year of the car's age, the insurance cost will increase. And at a certain age, insurance company may only offer TLO coverage for the car.

Considering all these factors, car insurance cost can vary greatly. 

It is important to understand your specific needs and choose the main coverage and insurance extensions that suit you, as this will determine whether the total cost you have to pay is cheap or expensive.

Want to know how much insurance costs for your car? Check your car insurance price here!

The car insurance claims process can generally be outlined as follows, but it's important to note that specific steps may vary between insurers:

1. Claim Notification: Immediately inform your insurance company after an accident occurs through the provided phone number or online form within the time period required by your insurance company.

2. Information Gathering: Prepare details of the incident, information of the involved parties and your insurance policy data to be given to the insurance company.

3. Police Report: If the accident is serious, submit the police report that has been made to the insurance company.

4. Damage Assessment: Follow the damage assessment procedure established by the insurance company, which can be done through an assessor or at a partner workshop.

5. Additional Documents: Complete and submit any additional documents requested by the insurance company.

6. Claim Approval: Wait for the evaluation and approval of the claim from the insurance company. Once approved, payment will be processed.

7. Claim Payment: Claim payments will be made according to the method determined by the insurance company.

8. Vehicle Recovery: Pick up your car after the repairs and claim payment are completed.

Make sure that, before submitting a car insurance claim, you are already familiar with the claims process and requirements of your car insurance product and promptly report the claim with accurate information for a quick process.

Cancelling your car insurance must adhere to the specific terms of your policy and the rules set by your insurance company. Be aware of these key points, but always review your policy's terms first for precise guidance.

Cancellation Fee: The insurance company may charge a fee and/ or deduct the premiums that have already been paid and return a pro-rated amount of the premium to you.

Cancellation Rules /  Process: Read the policy terms to understand the procedures and requirements for cancellation.

Premium Refund: You may be entitled to a refund of the premium for the unused period after cancellation.

Before canceling, discuss with your insurance company to understand the consequences and options available.