In 2014, the Insurance Commission pegged the number of Filipinos who have insurance at 28 Million. Generally, Filipinos view insurance as an extra cost, a luxury, or something that is not a necessity to live and function. However, it goes without saying that car insurance is a necessity, especially in the Philippines. After all, most Filipinos find that one of the most prized possessions in their cars. In fact, one…

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In 2015, over 400,000 cars, SUVs, vans, and other vehicle types were sold in the Philippines. In five years, the car and automotive industry in the country is eyeing to sell over 500,000 units in 2020. According to recorded data, while 47% of Filipino households remain to be car-less, 38% own one vehicle, while another 16% have more than one car. In fact, the region with the highest car sales…

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