There are many ways on how you can have your own car and have trouble with it. Given the constant traffic, a number of road accidents, and all the mishaps in between, this is why getting car insurance can help give you peace of mind. However, the reality is that car insurance company only have a 3-5% penetration rate in the market. Unfortunately, around 200 cases of car accidents happen…
Supply and demand apply virtually to any commodity out there. It also applies to car insurance products. Given the 3% penetration rate of car insurance companies, it is safe to assume that the Filipino car owner isn’t really interested in car insurance products. If you are someone looking for a car insurance policy, this type of scenario plays in your favor. Talking to a car insurance broker, it is possible…
It is your first time to purchase a car. Perhaps, for your first ride, you are willing to shell out P100,000 on a used vehicle. Good for you, that is a good start. Probably, you’ll be able to get a vehicle made somewhere around the mid-1990s. And if you check olx.ph, there are a LOT of cars that could potentially meet your budget and needs. The Philippines isn’t exactly a…
Is your wallet safe in case a mishap occurred on the road? Knowing the probability of being on the receiving end of scratches to major accidents, can your car insurance policy suffice the cost of the repairs? During the worst-case scenarios, it counts if you’ve done your homework transacting only with reputable car insurance companies. What makes a car insurance company trustworthy? Here are some tips that could help…
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,…
Is technology helping car owners receive the best car insurance deals out there? From technology advanced cars that help reduce fuel consumption, to mobile apps that promote safety; these are some of the things that modern car owners experience. Other than these advances in technology, online comparison sites for auto insurance also evolved the landscape for the car insurance industry. In the past, car owners have to do tremendous research…
Using Waze, a mobile navigation app developed to determine the road’s traffic situation; it is common to see Metro Manila’s roads filled with red lines indicating jam-packed traffic conditions. According to a recent study, the average commuting time from Quezon City to Ortigas can reach up to 2 hours simply because of the hellish EDSA traffic. To think that this only covers less than 12 kilometers, it shows the problem…
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…
Buying a brand new car can be tricky, not to mention expensive. It costs a lot of money, plus you have to deal with depreciation of the car’s value. Could you imagine buying an P800,000 sedan, only to have a market value of around $650,000 the next year? Yes, it does depreciate like crazy, so why should you settle for a brand new car? Here’s why most people in the…