Prevention is better than cure. But with the “bahala na” attitude prevalent in our culture, Filipinos don’t usually plan ahead. It is evident by the fact that only 30% of Filipino households have savings. It is also true that car insurance companies only have a limited 3% to 5% penetration rate among car owners. Given these numbers, a lot of car owners are willing to take the risk on the…
An insurance policy serves as a lifeline. Given the amount of stress that a car accident could bring to the table, it makes sense to anticipate troubles that could occur while you are driving. Regardless if you are carrying a commercial vehicle, or a car used to go to work, it makes a huge difference to get car insurance policies fit your needs. By having a website to compare car…
According to statistics, we lose about 2.4 billion pesos daily due to our messy traffic situation. Opportunity loss among businesses and decreased performance at work are some of the effects of the day to a daily traffic jam that we face. Looking at the trend from 2005 to 2014, purchases for both passenger and commercial vehicles have increased over a steady period of time. This could mean two things. One,…
In the Philippines, it is more common for car owners to rely on their luck when driving than to take precautionary measures in preventing problems to arise. “Malas-malas lang” will typically be the common justification for damaged properties. What most car owners don’t consider is the potential loss that they incur when they don’t have their own car insurance policy. The car insurance companies in the Philippines have minimal penetration…
If you’ve purchased your car, it is a must that you stick with the right car insurance company. In fact, in order to find the best car insurance rate or the best service in general, you’ll have to compare car insurance policies. However, it is a reality that a lot of car owners are not really knowledgeable about all of these things. They’d more or less stick with the cheapest…
What is the use of car insurance in today’s time? If we’ll look at the number of vehicles registered today, that would sum up to a total of about 7.4 million nationwide. Just to give you an idea about how likely you are to get in an accident in the Philippines, there were around 5,000 road accidents during the first quarter of 2012, not to mention 600 fatalities. Among the…
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…
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…
Modern cars are designed with a great number of safety features. These safety features help prevent casualties in an event of a collision. Airbags to seat belts are among the safety parameters of cars today. However, there are still some instances when crashes are so hard wherein injuries still happen. Just how much do you need to have in your bank account to cover for these types of accidents? Hospital…
Driving a car in the Philippines can be stressful. The term rush hour traffic is slowly becoming a standard throughout the entire day especially in Metro Manila. And given the influx of cars on the road, this increases the probability that you’ll encounter an accident. Regardless if it’s ruled that are not followed by most motorists, or simply a mistake on your part as a driver, road accidents should be…