All Articles With Category : Car Insurance
The latest and the best financial news, tips and tricks.
Buying a Truck? Check Out the Best Pickup Cars in the Philippines
- By Moneymax
- October 28, 2021
Bold, powerful, tough – these are the best words that describe pickup cars. While they look like they’re packed with so much angas, these cars are actually designed to be utilitarian and flexible. With its roomy interiors, a pickup truck can double as a family car. And if you’re a weekend warrior who loves going to the countryside, you can always count on this vehicle as it’s designed with off-road capabilities. You can easily carry your surfboards, bikes, or whatever sporting equipment you’ll need in your adventure. Moreover, you can turn your pickup into a member of your business’ logistics fleet as its cargo bed can carry and accommodate the goods that you’re selling. Whatever your purpose is, you won’t go wrong with a versatile pickup truck. If you’re looking for a truck that effortlessly melds into your lifestyle, check out the eight best pickup cars in the Philippines this 2021. Table of ContentsBest Pickup Cars in the PhilippinesMitsubishi StradaToyota HiluxIsuzu D-MaxNissan NavaraFord RangerChevrolet ColoradoMazda BT-50Ford Ranger RaptorFinal Thoughts Best Pickup Cars in the Philippines Rugged, sexy, and powerful pickup cars can effortlessly combine aesthetic and performance. Check out this list of the best pickup cars in Philippines if you’re looking to buy your first car or planning for an upgrade. Mitsubishi Strada Price: PHP 815,000 to PHP 1,764,000 Key Specs of Mitsubishi Strada: Seating capacity: Five Transmission type: Manual or automatic Engine: 4-cylinder, 16-valve, 2,396 cc (2.4L) Performance: 165 horsepower and 430 Nm of torque Fuel type: Diesel The strong and striking façade of this pickup car easily embodies…
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Repossessed Car? What You Can Do When the Bank Seized Your Ride
- By Venus Zoleta
- October 21, 2021
Uh-oh. Did the bank take your car away? What now, you ask? Losing your car is painful and stressful as it is. The hard-earned money you’ve paid for the monthly installments is gone in an instant. Having no car suddenly can also jeopardize your work or business. It doesn’t help that the messy, inefficient public transportation system in the Philippines doesn’t offer an alternative to car-less Pinoys. What happens next could be very nerve-wracking, but it’s the ugly consequence of failing to repay your car loan on time. Here’s what you need to know about car repossession in the Philippines and the steps you can take after going through the experience of having a repossessed car. Table of ContentsWhat is Car Repossession?How Many Months Does It Take Before a Car Repossession Happens?Car Repossession Process in the PhilippinesHaving Repossessed Car Issues? Here’s What You Can Do1. Find Out Why the Car Got Repossessed2. Get Your Belongings Back3. Decide If You Can Afford to Recover Your Car4. Negotiate Your Loan with the Bank5. Decide If You’ll Keep or Cancel Your Car Insurance Policy6. Let It Go7. Improve Your Credit Score4 Tips to Avoid Car Repossession1. Consistently Make Your Car Loan Payments2. Talk to the Bank3. Consider Refinancing4. Sell Your CarFinal Thoughts What is Car Repossession? In the Philippines, car repossession happens when your bank takes your vehicle because of failure to pay your car loan. Lenders can seize your vehicle as soon as you fail to make your loan payments as agreed in the contract. Should you default on your loan, your…
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Top Car Insurance in the Philippines: How and Where Can You Get It?
- By Moneymax
- October 18, 2021
Your duties as a responsible car owner don’t end with religiously following traffic rules or being a patient driver. You also have to set up a few measures that will protect you and your passengers from the uncertainties of the road. In this case, you need to get the right car insurance policy. Buying car insurance, however, isn’t as easy as you think. You can’t just purchase the first offer that comes your way. The whole thing takes some research and skill. Ending up with the right provider will not only offer you the ideal protection but also help you reduce insurance costs. If you’re a first-time car owner looking to insure your car or someone planning to switch to a new provider, this guide is for you. Here are some of the things to remember so you’ll be able to find the top car insurance in the Philippines. Table of Contents5 Factors to Consider When Choosing the Right Car Insurance Company1. Legitimacy2. Scope of Service3. Rates4. Customer Service5. Ease of ApplicationTop 10 Car Insurance Companies in the Philippines1. New India Assurance2. Stronghold Insurance3. Mercantile Insurance Corporation4. Malayan Insurance5. Prudential Guarantee6. MAPFRE Insular7. SGI Car Insurance Philippines8. AXA Car Insurance9. Standard Insurance10. FPG InsuranceFinal Thoughts 5 Factors to Consider When Choosing the Right Car Insurance Company You need to have a set of standards when choosing the right car insurance company. If you don’t know where to start, you can use the following as your criteria: 1. Legitimacy While the insurance business is a regulated industry, there are still some…
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Here’s Why and How to Do a Complete BLOWBAGETS Check
- By Venus Zoleta
- October 15, 2021
Heading out on an out-of-town vacation or a quick grocery trip? Wherever you’ll drive, make it a habit to inspect your car before taking it out of the garage. It’s impossible to check every nook and cranny of your four-wheeled machine when you’re rushing to your destination. But minding your BLOWBAGETS before driving off will keep you and your passengers safe on the road. Don’t be a kamote driver by always checking your BLOWBAGETS. What does it really mean? Let’s break it down for you with this vehicle checklist before driving. Table of ContentsWhat is the Meaning of BLOWBAGETS?BLOWBAGETS Checklist: 10 Things to Check Before Driving✅ Battery✅ Lights✅ Oil✅ Water✅ Brake✅ Air✅ Gas✅ Engine✅ Tire✅ SelfFinal Thoughts What is the Meaning of BLOWBAGETS? BLOWBAGETS stands for battery, lights, oil, water, brake, air, gas, engine, tire, and self. It’s a serious reminder about checking your car before driving to prevent an accident or breakdown. We have the PNP-Highway Patrol Group to thank for this handy mnemonic. BLOWBAGETS Checklist: 10 Things to Check Before Driving Let’s go through the important items in this list that every motorist must know before starting the car and going out on the road. BLOWBAGETS in driving can keep you safe, avoid road inconveniences, and most importantly, save your life. ✅ Battery Your car won’t start with a dead battery, of course. Or it will until it runs out of battery in the middle of nowhere, leaving you stranded or struck on the side of the road. This is a situation you don’t want to be in,…
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Where to Buy Second Hand Cars in the Philippines? 8 Options to Score the Best Deals
- By Moneymax
- October 11, 2021
Online shopping has redefined the second hand car purchase process. Gone are the days when shopping for used cars meant spending a whole day hopping from one dealership to another and haggling for a lower price. Nowadays, you can easily search where to buy second hand cars in the Philippines online. Visit a buy-and-sell car website, type your desired make and model, and hit Enter. Within seconds, you’ll get an extensive list of second hand cars for sale. All you have to do is find the best deal for you and contact the seller to set up or negotiate the purchase. The best part of using buy-and-sell car websites? It doesn’t cost anything. You don’t even need to haggle—you can easily find cheap used car deals online. If you want to know where to buy second hand cars in the Philippines, check out the list below. Table of ContentsWhere to Buy Second Hand Cars in the Philippines1. Carmudi2. Tsikot3. AutoDeal4. Philkotse5. PhilMotors6. Zigwheels Philippines7. Automobilico8. CarmaxFinal ThoughtsGet a Free Car Insurance Quote from Moneymax Where to Buy Second Hand Cars in the Philippines 1. Carmudi Carmudi[1] is one of the top places where you can buy second hand cars in the Philippines. The website provides a host of useful services to enhance the buying experience for those looking for used cars in the Philippines. The most noteworthy is its multi-point inspection service that eliminates the uncertainty about a used car’s real condition. Some of the used cars undergo full inspection—from the interior to under-chassis—before they’re put up for sale online….
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[Battle of the Brands] Suzuki S-Presso vs Toyota Wigo: Choosing the Mini Hatchback That Suits You
- By Moneymax
- October 7, 2021
Mini hatchbacks are often associated with being budget-conscious and minimalistic. But there’s definitely more than meets the eye, as owning a compact car comes with a lot of benefits. First, smaller cars are easier to maneuver than sedans and muscle SUVs. With that, you can easily squeeze into tight spots. Small hatchbacks can also be conveniently parked into tiny slots. Overall, this is the perfect car if you live in a city with smaller streets and heavy traffic jams. Among the most practical hatchbacks to consider are the Suzuki S-Presso and the Toyota Wigo. Both have a proud Japanese heritage, so by default, you’re already assured of top-notch quality. But if you want to know which one will make a better choice, check out this Suzuki S-Presso vs Toyota Wigo guide. To make things clear, this comparison review features the brands’ base models. Table of ContentsSuzuki S-Presso vs Toyota Wigo Review: Which is the Better Hatchback?Vehicle Selling PriceCar Insurance CostEngine and PerformanceFuel Capacity and EfficiencySafety and SecuritySizeExteriorInteriorWarrantySuzuki S-Presso vs Toyota Wigo: The ResultFinal Thoughts Suzuki S-Presso vs Toyota Wigo Review: Which is the Better Hatchback? Vehicle Selling Price The base prices of the Suzuki S-Presso and the Toyota Wigo are under PHP 600,000. The Suzuki S-Presso fetches a price tag of PHP 523,000 while the Toyota Wigo’s price starts at PHP 568,000. At present, the Suzuki S-Presso has only one variant. Toyota, on the other hand, has four, and the most expensive trim is priced at PHP 700,000. Winner: Suzuki S-Presso Read more: 21 Cheapest Cars in the Philippines You…
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Looking for the Best SUV in the Philippines? Here are 9 Great Options
- By Rouselle Isla
- October 5, 2021
With the number of kamote riders and drivers in the Philippines, it’s no surprise that a lot of Filipinos want to own a sport utility vehicle or SUV. After all, compared to compact cars and sedans, SUVs can handle most―if not all―types of roads and driving conditions in the country. There’s also a sense of safety and security when you’re driving or riding in a big vehicle like an SUV. Probably because you can see and protect yourself and your passengers from the perils on the road with all the technology and safety features that come with an SUV. So if you’re planning to purchase an SUV and want to know what’s the best SUV in the Philippines, you may find it on this list. Table of ContentsWhat is the Best SUV in the Philippines?Suzuki Jimny Mitsubishi Montero Sport Isuzu MU-XToyota Fortuner Chevrolet Trailblazer Nissan Terra Ford Everest Nissan Patrol Royale Ford Expedition Final Thoughts What is the Best SUV in the Philippines? Curious to know what the best SUV in the Philippines is this 2021? Also, what’s the cheapest SUV in the Philippines? Everyone has different tastes when it comes to their rides. At the end of the day, you decide which SUV is the best for your needs, your lifestyle, and most importantly, your budget. Here are some options to help you decide. Suzuki Jimny Price: PHP 1,095,000 to PHP 1,205,000 Key Suzuki Jimny Specs: Body type: Mini SUV Seating capacity: 4 Transmission type: Manual and automatic depending on the variant Engine: 1.5L K15B Engine, 4 Cylinder, 16 Valve Performance: 75 kW/6,000 rpm, 130 Nm/4,400 rpm…
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Participation Fee for Car Insurance: What is It and Why is It Needed?
- By Moneymax
- September 28, 2021
There are typical questions one may ask about their coverage or specifics on the policy they’ve acquired. Among these questions involve the participation fee for car insurance. “How much is my participation fee?” “Why do I have to pay a deductible for my car insurance?” Still have a vague idea of this car insurance cost? Here’s what you need to know about the car insurance participation fee in the Philippines. Table of ContentsWhat is the Meaning of Participation Fee?Why Do Car Insurance Providers Charge a Participation Fee?Types of Participation FeeWhat is Deductible Fee in Car Insurance?What is Depreciation Fee in Car Insurance?How Much is the Participation Fee in Car Insurance in the Philippines?How to Compute Participation Fee in Car InsuranceHow to Save Money on Car Insurance Participation Fee1. Consider a Fixed Deductible Fee2. Pursue Your Claim Against the Third Party If You Aren’t at Fault3. Use Surplus Parts for Repair4. Pay for the Repair Bill by YourselfFinal ThoughtsGet a Free Car Insurance Quote! What is the Meaning of Participation Fee? A participation fee is an amount you pay out-of-pocket to your car insurance provider every time you make a claim before the insurer shoulders the rest of the claim value. Participation fee payment is one of the requirements for most car insurance claims. As a policyholder, you’re required to “participate” in your car insurance cost. Essentially, this means you share in the expenses for repairing your damaged vehicle after an accident. Why Do Car Insurance Providers Charge a Participation Fee? Car insurance companies require their clients to pay participation fees…
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How Much is Mitsubishi Car Insurance in the Philippines?
- By Venus Zoleta
- September 23, 2021
Mitsubishi is among the most visible car brands in the Philippines. After all, anything made by the Japanese is considered top-notch in terms of quality. So, if you’re planning to buy a car, don’t hesitate to include Mitsubishi in your list of prospective brands. When computing the overall costs of a vehicle, it’s wise to always factor in the car insurance prices. Insurance is something that you should never forego, knowing that danger lurks in all sides and corners of the road. To help you come up with a wise yet practical decision, here’s a rundown of the cheapest annual premiums for Mitsubishi car insurance in the Philippines. Table of ContentsThe Cheapest Mitsubishi Car Insurance in the PhilippinesMitsubishi L300 Cab and Chassis Car Insurance PriceCheapest Annual Premium: PHP 10,687 (2021 Mitsubishi L300 Cab and Chassis 2.2L Diesel M/T)Mitsubishi Mirage Car Insurance PriceCheapest Annual Premium: PHP 12,216 (2021 Mitsubishi Mirage GLX 1.2L Gas M/T)Mitsubishi Mirage G4 Car Insurance PriceCheapest Annual Premium: PHP 14,175 (2021 Mitsubishi Mirage G4 GLX 1.2L Gas M/T)Mitsubishi Xpander Car Insurance PriceCheapest Annual Premium: PHP 17,505 (2021 Mitsubishi Xpander GLX 1.5L Gas M/T FWD)Mitsubishi Strada Car Insurance PriceCheapest Annual Premium: PHP 20,883 (2021 Mitsubishi Strada GT 2.4L Diesel A/T AWD)Mitsubishi Montero Sport Car Insurance PriceCheapest Annual Premium: PHP 31,558 (2021 Mitsubishi Montero Sport GT 2.4L Diesel A/T RWD)Mitsubishi Outlander Car Insurance PriceCheapest Annual Premium: PHP 47,904 (2021 Mitsubishi Outlander PHEV 2.4L Hybrid A/T)Final ThoughtsWhere to Get a Free Car Insurance Quote The Cheapest Mitsubishi Car Insurance in the Philippines Mitsubishi L300 Cab and Chassis Car Insurance Price Cheapest…
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LTO Transfer of Ownership: Requirements, Procedures, and Fees
- By Venus Zoleta
- September 21, 2021
Is your second-hand vehicle already registered in your name? If not, you have to make a transfer of car ownership immediately. Updating your vehicle’s ownership records with the Land Transportation Office (LTO) is among the first things to accomplish after purchasing a used unit. Generally, you can’t drive a car or motorcycle in the Philippines if it’s not under your name. Here’s everything you must know about LTO transfer of ownership of a vehicle in the Philippines. Table of ContentsLTO Transfer of Ownership Procedures in the Philippines1. Get a Clearance from the PNP-HPG2. Prepare the LTO Requirements for Transfer of Ownership3. Apply for LTO Transfer of OwnershipTransfer of Ownership FAQs1. Who should apply for the change of ownership?2. How much does it cost to transfer car ownership in the Philippines?3. The original certificate of registration is lost/damaged. What should I do?4. Can I drive a motorcycle not registered in my name?5. What will happen if I don’t transfer car ownership?Final ThoughtsGet a Free Car Insurance Quote! LTO Transfer of Ownership Procedures in the Philippines 1. Get a Clearance from the PNP-HPG What is Motor Vehicle Clearance Certificate? A Motor Vehicle Clearance Certificate is an official document certifying that the vehicle is not in the list of wanted or stolen vehicles as of the issue date. The Philippine National Police – Highway Patrol Group (PNP-HPG) issues this certification. A PNP-HPG clearance is an important requirement for LTO transfer of ownership. It’s your proof to the authorities that the second-hand vehicle you’re using has neither been carnapped nor used in a crime….
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This is How Much It Will Cost to Insure an Expensive Car in the Philippines
- By Moneymax
- September 16, 2021
The appeal of luxury cars will always be irresistible. The shiny and sleek exteriors can make everyone on the street turn their heads. The roar of the engine is a distinct sound; you can easily tell that it’s an upscale auto even without looking at it. All these prized qualities need protection, though. Moreover, you also have to keep in mind that luxury cars are not exempt from the uncertainties and harsh rules of the road. As such, you need to get car insurance. Since you’re a luxury car owner, you know too well that each unit requires higher premiums. Whether it’s your first time to get a policy or you’re planning to get a new one, you need to study your options before inking any deal. To help you out, this article lists down some of the most expensive cars in the Philippines and the costs of their insurance premiums. Who knows, your car might be here. Table of Contents20 Most Expensive Cars to Insure in the Philippines1. Mercedes-Benz SL-Class 3502. Lexus LS 5003. Land Rover Range Rover Sport4. Audi A8 L5. Nissan GT-R6. BMW X5 xDrive30d7. Jaguar F-Type8. BMW 7 Series 730i9. BMW X7 xDrive30d10. Lexus LX11. Lexus RC12. Audi Q7 Quattro13. Land Rover Range Rover Velar14. Mercedes-Benz GLE-Class 300d15. Jaguar F-PACE16. Mercedes-Benz E20017. Ford Mustang18. Toyota Alphard19. Chevrolet Camaro20. Mercedes-Benz GLA-ClassWhat Makes Car Insurance Expensive?Personal FactorsVehicle FactorsFinal Thoughts 20 Most Expensive Cars to Insure in the Philippines Here are the cars with the highest car insurance premiums in the Philippines in 2021. One of these models may…
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Cheapest Cars to Insure in the Philippines 2021
- By Venus Zoleta
- September 10, 2021
Affordability is a crucial factor that influences a car purchase decision. When buying a vehicle, one of the first things you’d like to know is how much it will cost to own a particular model. However, the cost of car ownership involves not just the unit’s selling price. There are other equally important costs that come with having a car—insurance is one of them. Fortunately, a lot of options are available in the market when it comes to the cheapest cars to insure in the Philippines. Most of them happen to be cars with the cheapest vehicle selling price, especially hatchbacks from Japanese automakers such as Suzuki, Mitsubishi, Honda, and Toyota. What model are you planning to buy? Is it inexpensive to insure? Check out the top cars that are cheap for insurance. For your easy reference, this guide has two sections. The first section is for entry-level sedans and hatchbacks while the second one lists three luxury vehicles. Note: The car insurance prices below are based on 2021 vehicles. Annual insurance premiums are based on the Moneymax auto insurance comparison platform. Table of Contents21 Cheapest Sedans and Hatchbacks to Insure in the Philippines in 20211. Hyundai Eon2. Suzuki Celerio3. Tata Vista Ini4. Chevrolet Spark5. Mitsubishi Mirage G46. Kia Picanto7. Honda City8. JAC S19. Suzuki Dzire10. Suzuki APV11. Suzuki Ertiga12. Toyota Wigo13. Honda Brio14. Nissan Almera15. Honda Brio Amaze16. JAC S217. JAC J418. Kia Stonic19. Volkswagen Santana20. Toyota Vios21. Suzuki Swift3 Cheapest Luxury Cars to Insure in the Philippines in 20211. Toyota FJ Cruiser2. Chevrolet Camaro3. Lexus ESFinal ThoughtsGet a…
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How Much Does Car Insurance Cost in the Philippines?
- By Moneymax
- September 7, 2021
Buying insurance for your vehicle is a lot like buying a fire extinguisher: you pray that you’ll never need it, but you feel better knowing it’s there anyway. However, many car owners are concerned about auto insurance and whether they can afford it or not. You might be wondering: “Why are car insurance prices in the Philippines expensive?” While you may think of it as an added expense, it’s worth knowing that the annual premiums are there for a reason. You’re buying not just an insurance policy but also peace of mind knowing your budget won’t blow up should you need to bring your car to the casa for repair. What you can do is research on auto insurance costs, compare quotes from different providers, and find the policy that fits your needs at a rate that fits your budget. Table of ContentsCar Insurance Prices for Comprehensive Car InsurancePrice range: P8,000 to P30,000+ per yearFactors That Affect Comprehensive Car Insurance Prices in the PhilippinesWhat to Consider When Shopping for a Comprehensive PolicyTypes of Coverage to Consider When Buying a PolicyHow to Compute and Estimate Your PremiumSample Premium ComputationTable of Sample Premium for Different Car ModelsWhere to Get a Quote for Car Insurance in the PhilippinesLooking Beyond Car Insurance Prices in the PhilippinesFinal Thoughts Car Insurance Prices for Comprehensive Car Insurance Price range: P8,000 to P30,000+ per year Aside from the basic CTPL coverage, you may also opt to extend your auto insurance to cover other untoward incidents such as road accidents, car theft, or natural calamities. Extending your coverage can…
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Where to Pay Your Car Insurance: Here are 9 Convenient Payment Options
- By Janine Daquio
- September 3, 2021
You know that roads and highways are paved with uncertainties and unseen troubles, which is why you have a car insurance policy. However, a lot of car owners often miss their due dates. Such a habit leads to delayed payments. Keeping your car insurance policy active should be a priority. It will help you avoid certain hassles and headaches when making your insurance claims in case you get involved in an accident. If that happens, insurance companies may not expedite your claims as quickly as possible since they have to check your payment records first. Thankfully, gone are the days when you have to make a trip to the bank or the car insurance company’s office to settle your dues. Now, there’s a wide range of payment facilities and channels available. So there’s really no excuse not to pay your car insurance on time or ahead of the due date. If you’re asking where to pay your car insurance, here are some of your options. Read more: I Got into a Car Accident: Where Should I File a Vehicle Claim? Table of ContentsWhere to Pay Car Insurance in the Philippines1. Bank Deposit or Over-the-Counter Payment2. Online Banking3. Mobile Banking and Payment Apps4. Bills Payment Centers5. Credit Card6. GCash7. Check Payment8. ATM Banking9. PayPalCan I Pay for My Premium in Installments?Which of these Car Insurance Payment Options Offers the Fastest Policy Delivery?Final ThoughtsGet a Free Car Insurance Quote! Where to Pay Car Insurance in the Philippines 1. Bank Deposit or Over-the-Counter Payment You can make a car insurance payment in cash…
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Toyota Car Insurance in the Philippines: How Much Does it Cost?
- By Venus Zoleta
- August 25, 2021
Toyota remains the undisputed best-selling car brand in the Philippines, leading the automotive market with around 40% share of the sales in 2020.[1] This despite the overall decline in car sales due to the COVID-19 pandemic and the series of typhoons in the latter part of the year. And in 2021, various auto magazines report that Toyota remains undisputed so far. Also, the Japanese carmaker has among the most talked-about vehicle models, at least in the Philippines. Out of the 10 most popular cars launched in the country in 2020,[2] six are Toyota models: Fortuner, Rush, Hilux, Wigo, Corolla Cross, and Hiace. If you recently bought or are considering getting a Toyota, its affordable selling price is most likely the key factor in your purchase decision. It makes a lot of sense—in these financially challenging times—to look for the cheapest Toyota car insurance price for your new ride. Keep reading to get an idea of how much it will cost you to get Toyota car insurance in the Philippines. Table of ContentsIs Toyota Expensive to Insure?Lowest Annual Toyota Car Insurance Price per Model in the PhilippinesGet a Free Car Insurance Quote for Your ToyotaToyota Wigo Insurance PriceCheapest Annual Premium: PHP 11,426Toyota Vios Insurance PriceCheapest Annual Premium: PHP 13,121Toyota Hilux Insurance PriceCheapest Annual Premium: PHP 14,954Toyota Rush Insurance PriceCheapest Annual Premium: PHP 17,092Toyota Yaris Insurance PriceCheapest Annual Premium: PHP 15,928Toyota Corolla Altis Insurance PriceCheapest Annual Premium: PHP 18,701Toyota Innova Insurance PriceCheapest Annual Premium: PHP 20,254Toyota Hiace Insurance PriceCheapest Annual Premium: PHP 23,157Toyota Fortuner Insurance PriceCheapest Annual Premium: PHP 26,976Toyota FJ Cruiser…
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Eyes on the Road, Hands on the Wheel: What to Know About the Anti-Distracted Driving Act
- By Moneymax
- August 17, 2021
You know you’re a careful driver. But there will be instances when you just have to answer an urgent phone call or send a time-sensitive text message. When that happens, don’t be surprised if you get flagged down by a traffic enforcer and issued a ticket for distracted driving. According to the World Health Organization, approximately 1.3 million people die from a road traffic crash, with distracted driving as one of the risk factors to road safety.[1] If you’re preoccupied with your gadgets while on the road, you’re four times more likely to get into a crash. And if you’re texting while driving, that makes you 23 times more susceptible to accidents on the road. Driving requires your full attention, especially because roads (and even pedestrians!) in the Philippines are unpredictable. This is why we have the Republic Act 10913 or the Anti-Distracted Driving Act (ADDA). Learn more about this driving law in the Philippines for your own safety and if you don’t want to pay the hefty fines! Table of ContentsWhat’s Not Allowed Under the Anti-Distracted Driving Act?Anti-Distracted Driving Act ExemptionsWhat Does “Line of Sight” Mean?Fines and Charges for ADDA Law ViolationsWhere to Settle Your ADDA ViolationsIs the Anti-Distracted Driving Act Effective?Final Thoughts What’s Not Allowed Under the Anti-Distracted Driving Act? The Anti-Distracted Driving Act is in place to keep your eyes on the road and your hands on the wheel by prohibiting the use of electronic communication devices when driving, whether your vehicle is in motion or caught up in traffic. The ADDA Law prohibits the following acts while…
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CTPL Insurance in the Philippines: A Quick Guide for Filipino Motorists
- By Ricky Publico
- August 16, 2021
Owning a car entails a lot of financial responsibilities. Aside from the car itself, you’ll be paying for things like registration, maintenance, and insurance. Many Filipinos choose to forgo the latter, thinking that being careful is enough. Newsflash! It’s not, mainly because before you can even drive your car, you need to buy a particular type of insurance called TPL insurance. What is it and why is it necessary for owning a vehicle in the Philippines? Let’s answer that with this guide. Table of ContentsWhat is TPL Insurance?Is Compulsory Third Party Liability Insurance Mandatory?Why is TPL Insurance Mandatory?What is Third Party Liability?Who are Not Covered by TPL?Who are Covered by TPL?What Does TPL Insurance Cover?TPL Insurance vs. Comprehensive Insurance: What is the Difference?How and Where to Get TPL Insurance in the PhilippinesHow to Get CTPL Insurance Online?How Much is TPL Insurance in the Philippines?How to File a Claim for TPL Insurance in the PhilippinesWhat are the Requirements for Filing a CTPL Claim?Requirements for Third-Party Bodily Injury ClaimRequirements for Third-Party Death Claim:Final ThoughtsGet a Free Car Insurance Quote! What is TPL Insurance? TPL (or CTPL insurance for others) is a basic car insurance that every car owner in the Philippines should get before registering their vehicles to the Land Transportation Office (LTO). TPL means “third party liability,” but can sometimes be referred to as compulsory third party liability insurance in the Philippines. As the name implies, TPL covers you from liabilities in the event of an accident that will injure or kill a third party. TPL insurance is a requirement for…
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Complete Guide to LTO Car Registration and Renewal
- By Moneymax
- August 11, 2021
Buying a car is one thing―registering it is another. Before you hit the road with your brand-new car, make your ownership formal through the LTO car registration. Similarly, you need to renew your registration if you have an existing car. Your failure to do one of these things will result in fines and troubles with the traffic authorities. We understand that LTO car registration can be quite complicated, especially during these trying times. But you can make things much easier if you know where to start. Get through the system with the following step-by-step guide that will cover the following: New car registration Renewal of registration Registration via LTO’s online platform Table of ContentsLTO Car Registration Process for New VehiclesStep 1: Prepare the Required DocumentsStep 2: Visit an LTO Office Near YouStep 3: Submit All Required DocumentsStep 4: Submit Your MVIRStep 5: Pay for the Car Registration FeesStep 6: Receive Your Certificate of Registration, Plates, and StickersLTO Renewal Process for Existing VehiclesGeneral RequirementsAdditional Requirement for Tax-Exempt VehicleAdditional Requirement for Other Exempt Vehicle (OEV) under Special Economic ZonesAdditional Requirements for Vehicles Used for Rentals (For Hire Units)Additional Requirements for Stolen and Recovered VehiclesSteps to Vehicle RenewalLTO Renewal FeesLTO Inspection Process for MVIRHow to Do the LTO Car Registration and Renewal OnlineHow to Use the LTO Online PortalLTO Car Registration and Renewal TipsFinal ThoughtsGet a Free Car Insurance Quote! LTO Car Registration Process for New Vehicles Many new car owners let their dealers handle the processing of their LTO car registration. But this, of course, comes with a price. If you want…
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What are the Flood-Prone Areas in the Philippines (and Why Does Flooding Happen)?
- By Moneymax
- August 5, 2021
Rainy season is here and with it comes the hassle of commuting. From June to July—even until November, people will experience more car breakdowns, more traffic jams, and heavily flooded roads. The rainy season paints the worst scenario when people need to evacuate, get injured, or die due to rising floodwater, falling trees, and lightning strikes. However, the absence of rain doesn’t guarantee your safety against flooding. Just recently, residents of Marikina were startled to discover their vehicles submerged in knee-deep waters after the Marikina River overflowed with water reaching the jogging lanes there.[1] With surprises of non-stop rains, and even high tides, you need to know the flood-prone areas in the Philippines if you don’t want to be stranded on the road hungry and soaking wet, or if you don’t want your cars to get damaged. Knowing these flood-prone areas in the Philippines will also guide you on where to park or pass through when traveling. Table of ContentsFlood-Prone Areas in Metro ManilaFlood-Prone Areas in CaloocanFlood-Prone Areas in Las PiñasFlood-Prone Areas in MakatiFlood-Prone Areas in MalabonFlood-Prone Areas in MandaluyongFlood-Prone Areas in ManilaFlood-Prone Areas in MarikinaFlood-Prone Areas in MuntinlupaFlood-Prone Areas in NavotasFlood-Prone Areas in ParañaqueFlood-Prone Areas in PasayFlood-Prone Areas in PasigFlood-Prone Areas in PaterosFlood-prone Areas in Quezon CityFlood-Prone Areas in San JuanFlood-Prone Areas in TaguigFlood-Prone Areas in ValenzuelaOther Flood-Prone Areas in the PhilippinesFlood-Prone Areas in CaviteFlood-Prone Areas in RizalFlood-Prone Areas in BulacanFlood-Prone Areas in PampangaFlood-Prone Areas in BataanFlood-Prone Areas in TarlacFlood-Prone Areas in Nueva EcijaFlood-Prone Areas in LagunaFlood-Prone Areas in Cordillera Administrative Region (CAR)Flood-Prone Areas in BatangasFlood-Prone Areas in ZambalesFlood-Prone Areas in PangasinanWhat is a Catch Basin?Cagayan River BasinPampanga River BasinAgno River BasinBicol River BasinWhat Causes…
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Car Insurance Payments Made More Convenient with Moneymax and GCash
- By Moneymax
- August 3, 2021
MANILA, PHILIPPINES – AUGUST 2021. Moneymax, the country’s leading financial comparison platform, has partnered with GCash to make car insurance payments more convenient for its clients. Through this partnership, Moneymax customers can pay their car insurance premiums quickly and easily through the GCash app. Table of ContentsOffering convenient but secured online paymentsSimple steps to paying premiums via GCashAbout MoneymaxAbout GCash Offering convenient but secured online payments GCash is the number one mobile wallet application in the country, with a user base of 40 million. Filipinos, wherever they are in the country or abroad, can access the application and make bill payments conveniently.This partnership not only offers a hassle-free mode of payment for Moneymax clients but also provides peace of mind knowing that their payments are secured with GCash. “GCash is the most convenient and secure mode of paying your bills and we are excited to offer this channel of payment to our customers,” Munmun Nath, Co-General Manager of Moneymax shared. “We are happy to forge this partnership with Moneymax as we continue to help Filipinos get access to more convenient, easier, and secure payment transactions through GCash, making their lives better every day,” said Martha Sazon, President and CEO of GCash. Simple steps to paying premiums via GCash To enable Moneymax customers to pay for their car insurance premiums conveniently through the app, they can can simply log in to GCash, go to “Pay Bills,” select “Insurance,” and choose “Moneymax/MoneyHero Insurance Brokerage” in the list of billers. After providing the necessary information, click “Next” to complete the transaction. Payments are…
