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Oona offers only annual premium payments, so you only pay once for 12 full months of coverage. This plan reduces the risk of late payments, provides greater discounts, and simplifies policy management. This article explains the reasons for this, its benefits, and how the Oona policy activation process works.
You might be asking, "Can car insurance premiums be paid monthly?" The answer is yes, but not all policies offer this option. Some customers prefer monthly installments to ease their cash flow, while others opt for annual payments to get discounts and avoid the hassle of regular payments. Now that we understand why some people prefer monthly payments, let’s explore how Oona designed its payment system.
Oona chose an annual payment plan to offer both convenience and uninterrupted protection. A single upfront payment ensures 12 full months of coverage—without the risk of late payments or failed claims. This approach isn't just a business decision but is also backed by regulatory data.
According to OJK, annual policies have an activity rate up to 85% higher than installment policies. This means that annual premiums are not only more cost-effective—they also offer more reliable long-term protection.
This article will explore:
Why Oona chose an annual premium system
What are the advantages compared to the monthly system?
Tips for staying comfortable even if you pay once a year
Easy steps to activate and pay for policies at Oona
Let's explore why Oona believes that annual premiums are the most efficient and safest solution for car owners in Indonesia.
It's understandable why many people assume that car insurance premiums can be paid monthly, just like motorcycle loans or credit card payments. In several countries, and with certain local products, monthly options are available. However, there are hidden risks and costs associated with this payment flexibility, which are often overlooked—especially the long-term risks and costs.
Moreover, the growing trend of digital payments and installment plans has made small transactions more accessible. So, when people first look into car insurance, they often expect to be able to pay monthly. However, the reason why Oona only offers annual payments is supported by solid reasoning.
At first glance, monthly payments seem more manageable, but they come with significant risks, especially:
Forgetting a Payment = Inactive Protection
Insurance premiums are not like streaming subscriptions. If you're late on a payment, even once, your coverage can be terminated. This is especially risky if an accident occurs while the policy is inactive.
Installments Don't Always Mean Savings
Some policies that offer installments charge additional fees (up to 5–10%) on top of the total premium. Administration fees, interest, and promotional discounts can reduce the overall value of your coverage.
Claims May Be Rejected If Payment Status Is Inactive
Many insurance companies won't process claims if the premium hasn't been fully paid. Imagine being in an accident and realizing your policy expired because you missed a payment.
Because of these risks, Oona decided to take a different approach.
Here are the concrete benefits of Oona’s annual payment system:
Instant Protection for a Full Year
Once you make the payment, you're protected for 12 full months. There's no need to worry about missed payments or coverage gaps during the year.
More Savings Overall
By paying the full amount upfront, you can save up to 10–15% compared to monthly payments, which often incur extra administration fees.
Simplified Management
Just like paying annual vehicle tax, you only need to set your budget once for the entire year. No need for monthly reminders or repeated payment management.
Psychologically Lighter
Customers often feel more at ease knowing that their coverage is fully active without worrying about the next payment.
So, how does it work at Oona? Here are some easy steps and tips to help you stay comfortable.
To make the process simple, Oona offers a fast and flexible system for activation:
Fill in your vehicle and personal data on myoona.id.
Choose your preferred payment method (bank, e-wallet, or credit card).
Pay the full premium for the year.
Receive an electronic policy, and your coverage will be activated immediately.
Tips to make annual payments easier:
Set aside monthly savings for the premium.
For example, if your premium is IDR 2 million per year, set aside IDR 170,000 per month.
Take advantage of Oona’s promotions or cashback offers.
Oona often offers special discounts for early renewals or full payments through selected partners.
Use a 0% interest credit card (if available).
This allows you to pay in installments through your card, but without the risk of a policy lapse.
To make it clearer, see the following detailed comparison table between monthly and annual premiums.
Aspect |
Monthly Premium |
Annual Premium |
|---|---|---|
Financial Burden |
Lighter monthly |
Larger upfront, but only once |
Risk of Delay |
High – prone to missing payments |
Very low – one payment, done |
Potential for Policy Lapse |
Quite high if late |
Almost none |
Total Cost |
Can be more expensive due to admin fees |
More savings – discounts + no admin fees |
Discounts Given |
Generally none |
Up to 10–15% |
Ease of Management |
Requires discipline & regular reminders |
Practical – one payment, one year of protection |
Psychological Comfort |
Stress over payments every month |
Peace of mind for the full year |
Payment Flexibility |
More flexible for weekly/monthly pay |
Requires planning, but more stable |
Claims When Payment is Late |
Claims may be rejected if inactive |
Claims valid throughout the validity period |
Disclaimer: The benefit simulation above is illustrative. Some aspects depend on the policies of each insurance provider.
As you can see from the table above, annual premiums offer more stable, cost-effective, and practical protection for customers. They avoid the risk of delays, reduce additional costs, and eliminate the need for monthly anxiety.
That's why Oona has chosen to offer only annual premium payments. Not only for operational efficiency, but also for the comfort and peace of mind of our customers throughout the year.
With this system, you only need to pay once upfront—and then enjoy full, uninterrupted protection. Oona believes the best protection is always active, not dependent on monthly due dates.
While many expect to pay car insurance premiums monthly, annual payments offer greater benefits—financially, in terms of convenience, and most importantly, for reliable protection. Oona specifically chose an annual premium system because we believe vehicle protection should always be active and free from interruptions.
By paying once upfront, you gain peace of mind for an entire year—without worrying about late fees, additional penalties, or policy lapses. Plus, the annual system is more economical overall and much easier to manage.
If you're looking for practical, stable, and truly protective car insurance, switch to Oona and enjoy hassle-free, full-year coverage.
Buy Oona Car Insurance Now!
