Car Insurance Premium Rates : All Risk & Total Lost Only (TLO)

INSURANCE CAR

Car Insurance Premium Rates - In general , every insurance company offers two types of protection as the Comprehensive ( All Risk ) and Total Lost Only ( TLO ) . Comprehensive ( All Risk ) is a compensation by the insurance company over the loss of some or all of the car due to falling objects , fire , malicious acts , theft , robbery, collision , collision or other traffic accidents . Meanwhile , Total Lost Only ( TLO ) is the indemnity companies will only be granted if the car is totally destroyed or above 75 % .

However , there are things that distinguish one insurance company's products by other companies .

What ? That issue premiums offered by the respective companies . To be clear , the following differences.

Car Insurance Premium Rates
Non Truck	All Risk	TLO
$0 – $10000	3,00%	0,80%
$10000 – $15000	2,50%	0,80%
$15000 – $30000	2,00%	0,80%
$30000 – $50000	1,75%	0,80%
$50000 – $80000	1,50%	0,80%
>$80000	1,50%	0,80%
Truck	2,50%	0,90%

Extended warranties

Extended warrantie
Risk	Premium
	All Risk	TLO
Tsunami and earthquake	0,15	0,05
flood	0,35	0,13
riots	0,35	0,13
Terorime and sabotage	0,15	0,05

calculation

For example , you have a car with Etios brand VALCO with an estimated price of USD 13,550.00 .

You will insure the car by selecting the All Risk protection from ACA and the additional expansion of

collateral floods , riots , and sabotage. 

Meanwhile , the amount of premium you will pay are as follows :

Valco Etios car prices = USD 13,550.00

pure premium : 13,550 x 2,50% = 338.75

expansion :

flooding :                               13,550 x 0,35% = 47,425

riot :                                       13,550 x 0,35% = 47,425

sabotage :                              13,550 x 0,15% = 20,325

                                              -----------------------------------------+

premiums are paid annually                            $115,175

Good Luck