Registered cars in the Philippines are in an all-time high in July of 2013. 137,726 registered cars were recorded during that month. Despite this number, only a small number of cars will be insured. There are many factors involved as to why this is happening. The car insurance industry is struggling to keep up with its saturated market. For instance, just how many car insurance companies are listed today? Also,…
After you compare car insurance policies and you just purchased your car insurance, not only should you know what is included in your car insurance policy, but you should also have a basic knowledge of how to file a claim. A measure of a car insurance company’s reliability is its ability to process your claims. As a rule of thumb, the company offering the cheapest car insurance premium may or may…
Getting a car can be exciting. It is considered a phase in a person’s life when he or she could already afford a car. Though it is an exciting time, you have to consider the type of car insurance that you are going to have. Purchasing car insurance in the Philippines can be tricky. You have to evaluate a number of things, and sometimes, there are car insurance nightmares that…
Driving in the Philippines is already stressful. Given the poor implementation of traffic rules, not to mention ill-informed motorists, it isn’t surprising why there’s an average of around 227 road accidents daily. Given this scenario, you either drive defensively or end up in trouble. For defensive drivers, not only do they tend to be careful about their driving habits, but they even take the necessary precaution by updating their car’s…
A car in the Philippines, despite the heavy traffic is a great asset that you want to protect at all costs. It helps you get to your destination faster than public transportation. And to top it all off, you’re your privacy, unlike being crammed inside a dying MRT. Insurance policies help car owners with the cost of repairs from accidents and unexpected events. But of course, there are a lot…
Consumers will always be attracted to the most affordable options. Given the rising cost of living, people do their best to make the most of their budget. When you are dealing with the annual inflation rate in the Philippines, car owners are looking for ways on how they could save some cash. Some are now considering the cheapest car insurance premium just to have peace of mind. Since car insurance…
Cars are bought for different purposes. For work, doing errands and other activities, individuals love to make the most of their vehicle. Regardless if it is a second hand sedan, or a brand new pick up truck, we all want to get the best bang for our buck. The average car in the Philippines registers around 10,000 kilometers a year. Given the traffic, not to mention the number of motorists…
There are a lot of cars in the Philippines. Given the number of vehicles in the country, it is surprising why a lot of people still don’t have the right car insurance with them. Isn’t it surprising to see cars that do not have the necessary car insurance? So why is it that only a few cars are insured in the country? Here are a few reasons why. Culture…
If you are involved in the car insurance business, you might find it challenging to sell your product to a car owner. In fact, if you’ll look at the numbers, there’s a less than 5% penetration rate among car owners in the country. Despite the clogged streets, the hundreds of vehicular accidents in the country on a day to day basis, a lot of people still don’t purchase their comprehensive…