Quick Guide on How to Scrutinize a Car Insurance Company

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Quick Guide on How to Scrutinize a Car Insurance Company

A car has its pros and cons. It can provide users the convenience of reaching your destination, the fastest way possible, but it can also cost you a lot of money especially if you get into some kind of accident. To help you with the unexpected expenses, you have the car insurance companies. A car insurance company allows you to have the right kind of insurance policy for your needs.

But of course, as a rule of thumb, you want to make sure that you choose the right insurance company. Not all insurance companies operate in the same way. For your peace of mind, here is a quick guide on how you can scrutinize the car insurance company.


Do they belong in the top 20 car insurance companies in PH?

There are more than 60 car insurance companies in the Philippines as of writing.   You’ll be better off to limit your choice within the top 20 car insurance companies. More people insure their cars and trust their business with them. Accordingly, they have more facilities and branches nationwide.


How many years have they been in business?

There is peace of mind if the company has been operating for quite some time. This tells you something about whether or not they have the experience to handle any problem that may arise in the car insurance industry. Normally, the more years in the business means more experience that can make it easier for the company to solve problems.


Do they answer all your questions clearly?

It is only normal to ask questions about the product you are about to purchase. It is important that a car insurance company can answer your most difficult questions. In fact, they should even have a hotline where you could place all your inquiries.


24/7 Availability

You will never know just when an accident might happen. A good car insurance company is available 24/7. This way, you will always have peace of mind that you can talk to someone who can guide you with all your needs especially during the time when you needed it the most.


How do they handle claims?

Reading online, you will realize whether or not the company is in it for client satisfaction, or simply for some quick cash. By looking at the car insurance company’s history in handling claims, you will see if they can be trusted or not. Reviews online can be seen via social media and even on blogs. So, before you even sign up with a company, you want to check these things first.


Do they offer things you need?

What is the point of having a car insurance policy if it doesn’t have the things that you need? You may want to first make a list of inclusions that you want to have. Then, try to see if they can provide you with all of these things.


How much are they offering the policies?

Now that you have the right inclusions in a car insurance policy, try to see just how much does it cost. Are they the most affordable compared to other car insurance companies with somewhat the same reputation in the industry? As a rule of thumb, you want to get the quote of at least three other car insurance companies. To make things easy on your part, make use of iChoose.ph as your means to compare the different car insurance policies and quotations.

Choosing the right car insurance company can be quite difficult if you don’t know what you are looking for. With this simplified guide, you can have the right car insurance company for your needs, minimizing trouble when you make the necessary claim.





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