10 List of the Best Car Insurance in Indonesia in 2024

Mytips.id - There are plenty of options when it comes to car insurance to take care of your beloved vehicle. Each insurance product has its own advantages that you can choose according to your needs. 

Still unsure which one to choose? Here is a list of the best car insurance options from various leading insurance companies in Indonesia.

List of the best car insurance options

For the owners of four-wheeled vehicles, car insurance is a must-have. With insurance, car owners will not have to worry if there is minor or major damage. 

In fact, some car insurances also offer additional benefits for damages caused by unwanted events such as natural disasters or riots. However, there are unique advantages between all-risk car insurance products and TLO car insurance.

The list below consists of the best insurance with affordable premiums and maximum benefits. Let's find out more.

1. Tugu Insurance

Tugu Insurance, also known as Tugu Pratama Indonesia, is car insurance with very affordable premiums. The premium for Total Loss Only (TLO) insurance policies starts from Rp35 thousand per month, while for All-Risk insurance policies, it starts from Rp175 thousand per month.

No need to worry about easy access to repair shops, as Tugu Insurance has 307 partner workshops throughout Indonesia. Besides car insurance, Tugu Pratama Indonesia also offers motorcycle insurance and health insurance products.

2. Sinar Mas Mobil Insurance

Sinar Mas car insurance is often the choice for owners of old cars. This insurance covers vehicles up to 12 years old. The premiums are very affordable, starting from Rp35 thousand for TLO insurance and Rp175 thousand per month for All-Risk insurance. Managed by PT Asuransi Sinar Mas (ASM), this insurance also has 584 partner workshops.

3. ACA Insurance

ACA car insurance has over 400 partner workshops and offers two policy options, TLO and All-Risk. This insurance can cover cars up to seven years old for maximum damage. The premiums start from Rp48 thousand per month for TLO insurance and Rp218 thousand for All-Risk insurance.

4. Adira Autocillin Insurance

Adira Autocilin insurance is managed by PT Zurich Asuransi Indonesia Tbk (Zurich Insurance). This insurance offers the advantage of a 24-hour service for customers in need. To avail of this service, you can pay a premium of Rp71 thousand per month for TLO insurance and Rp281 thousand per month for All-Risk insurance.

5. AXA Mandiri Insurance

AXA Mandiri Insurance, managed by Mandiri AXA General Insurance (MAGI), also offers affordable premiums for the best services. The premiums start from Rp45 thousand per month for TLO and Rp194 thousand per month for All-Risk. With affordable premiums, AXA Mandiri provides over 150 partner workshops.

6. Simas Insurtech Insurance

Simas Insurtech car insurance is a product of Simas Insurtech that offers three types of policies - TLO, All-Risk (Comprehensive), and additional benefits (riders) such as third-party liability insurance. With maximum services, Simar Insurtech insurance premiums start from Rp45 thousand per month for TLO policies and Rp257 thousand per month for All-Risk policies.

7. Tokio Marine Insurance

Tokio Marine insurance offers two policy options, TLO and All-Risk. TLO insurance premiums start from Rp36 thousand per month, while All-Risk insurance premiums start from Rp205 thousand per month. This insurance also provides a 24-hour call center service that can be contacted in case of accidents for claims.

8. ABDA Insurance

Managed by PT Asuransi Bina Dana Arta Tbk, ABDA Insurance has over 400 partner workshops across Indonesia. The premiums start from Rp65 thousand per month for TLO insurance and Rp278 thousand per month for All-Risk insurance. The advantage of this insurance is the special 24-hour Road Side Assistance service that can help car owners change tires, open doors if keys are locked inside the car, or even order fuel delivery if running out of gas on the way.

9. Allianz Insurance

Allianz Car Insurance, under the umbrella of the Allianz Group, is known for providing the best service. This insurance offers two types of policies, TLO and All-Risk. Premiums for TLO insurance start from Rp38 thousand per month, and Rp242 thousand per month for All-Risk insurance.

10. Sompo Insurance

Sompo car insurance from PT Sompo Insurance Indonesia offers two policy options, TLO and All-Risk. This insurance already has over 500 partner workshops across Indonesia. The premiums are affordable, starting from Rp193 thousand per month for All-Risk insurance.

Types of car insurance

Generally, there are two types of car insurance that can be chosen to protect vehicles from the risks of damage.

First is Total Loss Only (TLO) insurance, while the second is All-Risk insurance or commonly known as comprehensive insurance. All car insurance companies provide these two options that can be purchased according to the owner's needs.

1. All-Risk car insurance

All-Risk Insurance covers the cost of repairs for all damages to the car, whether minor or major. From scratches from being bumped by another vehicle to component replacements for severe damage. The premium for All-Risk insurance is usually higher than TLO insurance because it provides more comprehensive coverage.

2. TLO car insurance

Unlike All-Risk insurance, TLO car insurance only covers damages with repair costs equivalent to or more than 75% of the current car price and losses due to theft or loss of the car. This means that minor damages like scratches cannot be covered by this insurance. However, TLO car insurance premiums are cheaper compared to All-Risk car insurance. So, which one will you choose?

In conclusion, car insurance is essential for protecting your vehicle from unforeseen circumstances. With a variety of insurance options available, each offering unique benefits and services, car owners can find the best insurance to suit their needs. Choose wisely based on your requirements and budget to ensure your peace of mind on the road.