Having a car is more than just luxury for a lot of individuals today. Given the ailing public transport system in the Philippines, a private vehicle means getting from point A to point B with your very own personal space. But of course, you have to deal with a number of things as well. You have to consider not only the cost of having your very own car. You also need to have the necessary peace of mind when you are driving your car. The only way to do this is by having your own car insurance.

Though affordable car insurance remains a great option, you have to be picky. There are many car insurance firms out there, but not every car insurance company offers a dependable product and service for motorists. This is the reason why car insurance comparison is the number one thing that you need to do before making a purchase. But of course, you have to be conscious of the red flags that you’ll encounter whenever you are looking around.

Red flags you have to watch out for!

If it is your first time to purchase car insurance, it is a red flag if you can’t find any information regarding the company in the list of non-life insurance companies in the Philippines. There’s a huge possibility you are dealing with scam artists. Taking the time and doing your own research can pay off.
You may have to look at the company’s net worth, a piece of information that can be made available from insurance.gov.ph. If the company is part of the top insurance companies in the Philippines, it could have a net worth that could reach billions of pesos.
Is the cheapest car insurance premium always the best option for you? In reality, this isn’t always the case. You have to realize if the deal is too good to be true. There are many things that you need to ask, in relation to their price range. For instance, how many years have they been in business? Though newer car insurance firms will easily give you the best car insurance rate, they may not have the experience that other companies have.
Next, you also need to look at the feedback. Though you can’t talk to every person who purchased the car insurance, it is possible to see the general feeling of their customers online. Social media has played a huge role in spotting superior and inferior products. If you already noticed a bad rating, not to mention a barrage of negative comments about their services, maybe it is time that you already find another car insurance company.
Of course, you also have to take into consideration meeting your needs. If the company can’t provide the necessary coverage for your car’s protection, it’s time to go to the next company and find out about their services.
Lastly, you have to deal with a company that provides all the answers to your questions. If the company doesn’t have a hotline that you could contact or a site that provides quick responses to your email, it is best to also stick to other companies out there.

Tags:

• best car insurance
• best car insurance rate
• cheapest car insurance
• right car insurance

Author: erwin reyes

Erwin has a combined experience of more than 15 years in the car insurance industry in the Philippines and Australia. Loves cars and enjoys to sourcing out great deals for its clients