All Risk Car Insurance Rates Across Indonesia, Region by Region

All risk car insurance, also known as comprehensive coverage, pays for every kind of damage to your car, whether minor, major or total loss. That makes it different from TLO (total loss only) insurance, which will not process claims for minor damage. Keep in mind that all risk premiums are higher than TLO premiums. So you can plan ahead, here is a breakdown of the rates.

All risk car insurance rates

1. Region I

The all risk rates for Region I apply to Sumatra and the surrounding areas. There are five rate categories, each with a different amount. The rates are based on Financial Services Authority (OJK) Circular Letter No. 6/SEOJK.05/2017. Only non-bus and non-truck vehicles can be claimed under the policy. The sum insured for the first category is less than or equal to Rp125 million.

The lower and upper limits for the first category are 3.82% and 4.20%. For the second category, the sum insured is above Rp125 million up to Rp200 million, with a lower limit of 2.67% and an upper limit of 2.94%. The third category covers sums insured above Rp200 million up to Rp400 million, with a lower limit of 2.18% and an upper limit of exactly 2.40%.

The fourth category applies to sums insured above Rp400 million up to Rp800 million, with lower and upper limits of 1.20% and 1.32%. The fifth and last category covers sums insured above Rp800 million, with a lower limit of 1.05% and an upper limit of 1.16%.

2. Region II

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All risk car insurance in Region II covers Banten, DKI Jakarta and West Java. The sum insured applies only to non-bus and non-truck vehicles. There are five categories, each with a different sum insured. The first category has a sum insured of at least Rp125 million, with lower and upper limits of 3.26% and 3.59%.

Next is the second category, with a sum insured ranging from under Rp125 million to Rp200 million. Its lower and upper limits are 2.47% and 2.72%. Sums ranging from under Rp200 million to Rp400 million fall into the third category, where the all risk premium has a lower limit of 2.08% and an upper limit of 2.29%.

The fourth category covers sums from under Rp400 million up to Rp800 million, with lower and upper limits of 1.20% and 1.32%. Last, the fifth category has a sum insured above Rp800 million, with lower and upper limits of 1.05% and 1.16%.

3. Region III

As you have seen, Region I covers Sumatra and the surrounding areas, while Region II consists of three provinces: Banten, DKI Jakarta and West Java. It follows that Region III is every area not included in Regions I and II. Region III also has five all risk rate categories, each with a different sum insured.

The first category is a sum insured of at least Rp125 million, with a lower limit of 2.53% and an upper limit of 2.78%. The second category is a sum insured ranging from under Rp125 million to Rp200 million, with a lower limit of 2.69% and an upper limit of 2.96%. For the third category, the sum insured ranges from under Rp200 million to Rp400 million, with lower and upper limits of 1.79% and 1.97%.

The fourth category of all risk car insurance in Region III has a sum insured of under Rp400 million up to Rp800 million, with a lower limit of 1.14% and an upper limit of 1.25%. Last, the fifth category covers sums insured above Rp800 million. Its lower and upper limits are 1.05% and 1.16%.

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