6 Traffic Laws to Remember When Driving in the Philippines
- By Ricky Publico
- March 23, 2021
Traffic laws in the Philippines are meant to ensure not just an orderly flow of traffic and discipline among motorists but also the public’s safety on the road. We have laws that require wearing motorcycle helmets and seatbelts and ban people from driving when drunk and while using their phones. The question is, do you know them? You should at least know what laws are responsible for keeping the peace and order on the road. Check out this refresher if you think you need to review some of the driving laws in the Philippines. Table of ContentsTraffic Laws in the Philippines You Need to RememberLand Transportation and Traffic CodeAnti-Distracted Driving Act of 2016Anti-Drunk and Drugged Driving Act of 2013Seat Belts Use Act of 1999Children’s Safety on Motorcycles Act of 2015Motorcycle Helmet Act of 2009Final ThoughtsGet a free car insurance quote from Moneymax! Traffic Laws in the Philippines You Need to Remember Land Transportation and Traffic Code What is RA 4136? It is arguably the most important driving law ever enacted. Republic Act 4136, also known as the Land Transportation and Traffic Code[1] laid the groundwork for all the traffic regulations we have today. Plus, it also created the Land Transportation Commission in the Philippines, currently known as the Land Transportation Office. RA 4136 required all motor vehicles to be registered in a national registry. It also set the registration requirements and fees for every car owner. Aside from that, this law also required drivers to apply for a professional and non-professional license. RA 4136 also set the penalty fees for…
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Weighing the Pros and Cons of Buying a Repossessed Car
- By Venus Zoleta
- March 9, 2021
Thinking of buying a used car? Consider buying a repo, also known as a bank repossessed car. Somebody else’s loss could be your gain—this is how repossession works. That’s why you should also consider the pros and cons of buying a repossessed car before spending more on a new vehicle. Banks take back cars from people who fail to repay their car loans and then put the repossessed vehicles on sale. So be careful when shopping for repossessed cars for sale. Here are the benefits and drawbacks of buying a repo car. Table of Contents5 Benefits of Buying a Repossessed Car1. Lower Prices2. Easy to Find Newer Cars in Good Condition3. Opportunity to Score a Great Deal4. Safe and Trustworthy Sellers5. Easy Car Financing OptionThe Risks of Buying a Repossessed Car1. Uncertainty about the Car’s Actual Condition2. Finding the Best Repossessed Car Takes Effort3. You’ll Have to Clean Your Repossessed Car4. You Can’t Test Drive the VehicleFinal ThoughtsGet a Free Car Insurance Quote! 5 Benefits of Buying a Repossessed Car 1. Lower Prices With the car price increasing in the Philippines due to a lot of economic reasons, cheaper options such as repossessed cars have become a more attractive option for budget-conscious car buyers. A repo car purchase can save you between 20% to 40% off the cost of a brand-new car. For example, a repossessed 2016 Toyota Vios (1.3J M/T) sold by a bank can cost up to PHP 447,000, while a new unit usually costs PHP 668,000. Of course, the car’s value has depreciated over time, but the PHP 200,000+…
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Number Coding Guide for Filipino Motorists in 2021
- By Venus Zoleta
- March 8, 2021
What could be worse than being stuck in EDSA traffic while rushing to work? We can think of several things, and getting a number coding violation is one of them. You can blame this little misfortune on the confusing number coding regulations. Or perhaps you really don’t know that you’re not supposed to be on this road at this hour. While your reasons may be valid, ignorance of the plate number coding scheme in the Philippines, or any other traffic rule or regulation, is not an excuse. As of date, the number coding scheme remains suspended in NCR, except in Makati City where a modified coding scheme is being enforced.[1] Since the coding of vehicles in Manila and other cities is suspended until further notice, take this opportunity to get familiar with roads under this scheme. This way, you can plan your daily trips accordingly. Table of ContentsWhat is Number Coding?What Time is Number Coding?Number Coding Coverage AreasCoding AreasNo Coding AreasNumber Coding Window HoursWhat is Window Hour?No Window Hour PolicyFrequently Asked Questions About Number Coding in the Philippines1. What time is the number coding in Pasig?2. Is the conduction sticker included in coding?3. When is the number coding lifted?4. Are senior citizens exempted from coding?5. What is the penalty for number coding violations?Final ThoughtsGet a Free Car Insurance Quote! What is Number Coding? The number coding scheme is a traffic management program by the Metro Manila Development Authority (MMDA) for reducing the number of cars—and ultimately ease congestion—on the road. What Time is Number Coding? Officially called the Unified Vehicle…
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How to Get Car Insurance for Second Hand Vehicles
- By Venus Zoleta
- March 4, 2021
Second hand cars are cheaper to own than brand-new ones, which is why cash-strapped Filipinos typically opt for a used unit for their first car[1]. Did you buy a pre-owned car? Car insurance for second hand cars is not an option but rather a must. To insure a second hand vehicle, owners have two choices: either retain the old car insurance policy or buy a new policy. Here’s a walk-through of how to get car insurance for second hand cars in the Philippines. Table of ContentsHow to Transfer Car Insurance Policy for a Used CarHow to Get Car Insurance for Second Hand Cars1. Check If the Used Vehicle Can Still be Insured2. Find the Ideal Coverage for Used Cars3. Get Car Insurance Quotes4. Submit the Requirements5. Receive Your PolicyFinal Thoughts How to Transfer Car Insurance Policy for a Used Car The easier way to insure a second-hand car is to keep its existing insurance policy intact. However, a policy doesn’t get transferred automatically with the change of vehicle ownership. The original owner has to get approval from the car insurance company to transfer the policy to the new owner. Do you prefer to retain the car insurance of your newly bought second-hand unit? As long as the original policyholder has not canceled the car insurance, you can have the policy transferred to your name right after finalizing the vehicle sale. The seller or original owner is the one who will coordinate with the insurance provider to request a transfer of car insurance policy. Once approved, the insurer will issue an…
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What Happens If I Stop Paying My Car Insurance?
- By Venus Zoleta
- March 2, 2021
At some point, you might be unable to pay your car insurance premium. Perhaps you ran short of cash due to a family emergency, unemployment, or any unforeseen event. So what happens if you stop paying car insurance? A lot of things that will affect your finances. Regardless of the reason you stop paying car insurance, it’s a costly mistake that can have serious and lasting consequences. You don’t want to be in such a situation. So it’s crucial to be fully aware of what can happen in case you miss a payment and what you can do to correct the situation. Table of ContentsWhat Happens If You Stop Paying Car Insurance on TimeWhat Happens If You Don’t Pay Car Insurance1. The Insurance Company Will Cancel Your Policy2. You’ll Lose Car Insurance Coverage3. Your Car Could be Repossessed4. Your Credit Score Could Drop5. Your New Premium Could IncreaseWhat to Do After Missing Your Car Insurance PaymentTalk to Your Car Insurance ProviderFind New Car Insurance CoverageDon’t Miss Your Payment AgainFinal Thoughts What Happens If You Stop Paying Car Insurance on Time Not all car insurance companies give grace periods to their clients. A grace period is a span of time after the due date during which a policy stays active even though the premium isn’t paid yet. If your insurance provider grants you a grace period, it won’t cancel your policy immediately because of a missed payment. Even if you make a late payment for your car insurance—as long as it’s within the grace period—your coverage won’t end. A few days…
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12 Best Sedans in the Philippines for 2021
- By Rouselle Isla
- February 24, 2021
If you’re shopping for a new car and looking for the best sedans in the Philippines, then this list will help you narrow down your search and purchase the one that meets your requirements. Whether you’re looking for a car you can use for everyday traveling in the city or for daily business errands, there’s a sedan that will meet your needs. Table of Contents12 Best Sedans in the Philippines1. Suzuki Dzire2. Mitsubishi Mirage G43. Toyota Vios4. Kia Soluto5. Hyundai Reina6. Chevrolet Sail7. Honda City8. Chevrolet Cruze9. Toyota Altis10. Honda Civic11. Toyota Camry12. Honda AccordFinal ThoughtsGet a Free Car Insurance Quote! 12 Best Sedans in the Philippines 1. Suzuki Dzire Suzuki Dzire prices: GA 1.2 L M/T = PHP 549,900 / GL 1.2 L – M/T = PHP 648,000 GL+ 1.2 L Auto Gear Shift (AGS) = PHP 708,000 If you’re planning on buying a car for both personal and business use, the Suzuki Dzire[1] will not disappoint. It is available in three variants to meet the different budget requirements of Filipinos and comes loaded with features in a compact body. The Suzuki Dzire has impressive good looks front and back, with LED combination lamps to make sure you’re driving easily and safely night or day. Because of its compact body style, you can easily maneuver on rough roads and tight spaces. And more importantly, it’s economical on fuel with a 12-kilometer per liter range for city driving. 2. Mitsubishi Mirage G4 Mitsubishi Mirage G4 prices: GLX M/T = PHP 735,000 G4 GLX CVT = PHP 785,000 / GLS CVT…
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Car Loan Negotiation Tips to Help You Save on Monthly Payments
Planning to buy a car this year? Unless you have lots of cash, you will have to rely on a car loan to finance your big purchase. That means you should know how to negotiate a car loan and make it a lot easier for you to pay what you owe. After all, it will take years to do so. You’ll need all the help you can get. But fortunately, you can easily juggle car loan payments as long as you properly manage your finances. So how can you make owning a car less of a financial burden? Here are some few tips on negotiating lower car loan payments. Table of ContentsTips on How to Negotiate a Car LoanRely on a Good Credit ScoreGet a Loan From Your BankPay a Higher Down PaymentChoose a Shorter Loan TermLook for More Loan OptionsPay On Time Every TimeAvail a Loan ModificationConsider In-House FinancingFinal ThoughtsApply for a Loan Through Moneymax! Tips on How to Negotiate a Car Loan Rely on a Good Credit Score If you’re planning to negotiate your car loan payments, you better have a good bargaining chip in the form of a good credit score. Before you apply for a car loan in the Philippines, make sure to build a stellar credit history to increase your chances of getting a lower interest rate or higher loan amount. To find out what your credit score is, you can request a credit report from the Credit Information Corporation[1] by scheduling an appointment online via their website or the CIBI App for Android users….
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Every LTO Fee for Car Registration, Driver’s License, and Violations
- By Venus Zoleta
- February 16, 2021
Each transaction with the Land Transportation Office (LTO) comes with a fee—whether it’s for vehicle registration, driver’s license application or renewal, or settling a traffic rule violation. Learning about every LTO fee is an inescapable reality every car owner in the Philippines must deal with. What’s worse than parting away with your money is getting shocked at the amount you’ll have to pay at the LTO office. Unpleasant surprises like that can be avoided if you know the exact fees that you’ll be charged beforehand. That, or bring extra cash to avoid the inconvenience of running to the nearest ATM. Before you head out to the LTO office, take note of these LTO fees to expect for each kind of transaction you’ll have with the government agency. Table of ContentsLTO Car Registration FeesMUVC Rates for Car RegistrationOther LTO Fees for Car RegistrationLTO Penalty for Late RegistrationLTO Fees for Driver’s License Application and RenewalLTO Violation FeesFinal ThoughtsGet a Free Car Insurance Quote! LTO Car Registration Fees In August 2018, reports surfaced about the Department of Finance’s proposal to increase the Motor Vehicle User’s Charge (MVUC). This is the MVUC meaning and it is part of the LTO fees you pay when you register your vehicle. As of this writing, no executive order has been released yet by the Malacañang, so the present rates on the LTO website are the same. MUVC Rates for Car Registration Here are the MVUC rates for private cars in the Philippines based on vehicle type and gross weight. For starters, registering your motorcycle will cost you PHP…
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LTO Violations Every Motorist Should Take Note Of
- By Moneymax
- February 12, 2021
Even the most careful drivers can get a ticket at least once in their lives. Whether it’s for smoking in a non-smoking area or for throwing garbage at the wrong place, we’ve all paid fines for doing something we shouldn’t. If you’re a motorist in the Philippines, chances are you’ve already received a ticket from the Land Transportation Office (LTO) for violating a traffic rule or two. We sympathize because we’re all just humans. There are some days when you just forget or lose your cool. However, the goal is to not be fined or penalized again. You can certainly achieve that by being a responsible and knowledgeable motorist and taking note of these LTO violations. Table of ContentsLTO Fines and Penalties for Traffic and Administrative ViolationsLicense-Related LTO ViolationsNumber Plate-Related Violations and PenaltiesParts and Accessories-Related Violations and PenaltiesFAQs on LTO Violations and Penalties1. What’s the penalty for not wearing a face mask inside private vehicles?2. What’s the LTO fine for DTS violation?3. How much is the LTO fine for brake light violation? 4. What’s an LTO alarm violation?Final ThoughtsGet a Free Car Insurance Quote! LTO Fines and Penalties for Traffic and Administrative Violations License-Related LTO Violations 1. Driving Without License LTO fine: PHP 3,000 Going for a quick drive but too lazy to get a driving license? Think twice before starting your vehicle then. The penalty for driving without a license in the Philippines is a hefty PHP 3,000. This driving without license fine also applies to having a delinquent, expired, suspended, revoked, improper, or fake driver’s license. Heads-up for…
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Car Insurance Companies in the Philippines: Where to Buy Your Next Policy
- By Moneymax
- February 9, 2021
In order to get the right coverage for your vehicle, you have to take note of all the options you have. And part of that is familiarizing yourself with all the car insurance companies in the Philippines. Here is a helpful list plus tips to get you started. Table of ContentsHow Do Auto Insurance Companies Earn?1. Premiums2. Underwriting Income3. Re-InsuranceWho Regulates Car Insurance Companies in the Philippines?Can I Have Two Auto Insurance Companies?Complete List of Car Insurance Companies in the PhilippinesAlpha Insurance and Surety Company, Inc.Bethel General Insurance and Surety CorporationCharter Ping An Insurance CorporationCibeles Insurance CorporationCommonwealth Insurance CompanyCorporate Guarantee and Insurance CompanyCountry Bankers Insurance CorporationEmpire Insurance CompanyFPG Insurance, Inc.Fortune General Insurance CorporationIntra-Strata Assurance CorporationMalayan Insurance CompanyMAPFRE Insular Insurance CorporationMercantile Insurance CorporationMilestone Guaranty and Assurance Corp.New India AssuranceOriental Assurance CorporationPacific Union Insurance CompanyParamount Life and General Insurance CorporationPerla InsurancePhilippine British Assurance CompanyPioneer Insurance and Surety CorporationPNB General Insurers Co., Inc.Prudential Guarantee and Assurance, Inc.QBE Seaboard InsuranceSGI PhilippinesStandard Insurance Company Inc.Sterling Insurance Company, Inc.Stronghold Insurance Company, Inc.UCPB General Insurance Company, Inc.Western Guaranty CorporationFinal Thoughts How Do Auto Insurance Companies Earn? According to the World Health Organization[1], 1.35 million people around the world die every year because of road crashes. If all of these people file a claim for their accident—amounting to millions or even billions of cash—will auto insurance companies still earn? The answer is yes. Despite millions of claims, companies still take home a profit ultimately contributing to industry growth. The concepts that keep car insurance companies in the Philippines profitable work the same way today as they did 40…
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Child Safety in Motor Vehicles Act: What Parents Must Know
- By Moneymax
- February 4, 2021
When you drive a car, you’re responsible not only for your own life but also for the safety and well-being of your passengers. If you’re a parent, you know how urgent and grave this responsibility is. So whenever your kid is riding with you, you always make sure that you’re precise when you make a turn, and you carefully navigate streets filled with speed bumps and pedestrians. The government has the same goals as yours as far as the safety of your child is concerned. This is why Republic Act 11229 or the Child Safety in Motor Vehicles Act[1] has been signed into law in February 2019. The said law, however, will be fully enforced this year after certain rules and regulations have been approved. You might have a lot of questions in your head, but don’t worry, as we have rounded up the important things that you need to know about this child seat law in the Philippines. That way, you’ll be prepared to hit the road while ensuring that your kids are safe and you avoid committing violations. Read more: Best Car Apps for Drivers and Car Enthusiasts Table of ContentsGuide to Child Car Seat Law PhilippinesWhat is the Child Safety in Motor Vehicles Act?When will the Child Seat Law Take Effect in the Philippines?Which Vehicles are Covered by the Child Safety Act?What are the Penalties for Violating the Child Car Seat Law?Why Child Restraint Systems are ImportantHow to Choose the Best Car Seat for Your Child1. Buy Only from Licensed Sellers2. Pick the Right Model Based on…
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Honda Car Insurance Prices for Top Models in the Philippines
- By Venus Zoleta
- January 20, 2021
Wondering how much it will cost you to insure a Honda car? You’ll be glad to know that Honda car insurance prices in the Philippines are budget-friendly, especially the entry-level hatchback and sedan models. Insuring a Honda model starts at only around PHP 10,000 per year. Table of ContentsLowest Honda Car Insurance Price for Top Models Get a Free Car Insurance QuoteHonda CityHonda JazzHonda BrioHonda Brio AmazeHonda MobilioHonda BR-VHonda CR-VHonda Civic CarHonda HR-VHonda AccordFinal Thoughts Lowest Honda Car Insurance Price for Top Models Get a Free Car Insurance Quote Below is our partner car insurance companies and their features. Compare your options and get a free motor insurance quote for your Honda vehicle! Honda City Cheapest Annual Premium: PHP 10,387 (2020 Honda City E 1.3L Gas M/T) If you’re looking for a Honda car that’s affordable to own, then go for this five-seater subcompact sedan. The City has the lowest Honda car insurance price in the Japanese automaker’s lineup, making it one of the cheapest cars to insure in the Philippines. It’s also among Honda’s most affordable cars. The Honda City is even a cheaper and more fuel-efficient alternative to the Honda Civic. No wonder the City is the best-selling Honda model to date. Honda Jazz Cheapest Annual Premium: PHP 11,553 (2020 Honda Jazz S 1.3L Gas M/T) For only around PHP 11,000 per year, you can get cheap Honda insurance for this sporty and stylish hatchback. The Honda Jazz seats five people with enough space for luggage. Under its hood is a powerful, Euro 4-compliant[1] 1.5-liter i-VTEC engine that can…
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LTO Student Permit Application Guide for First-Time Drivers
- By Venus Zoleta
- January 12, 2021
Driving a car for the first time? You need to have a license to drive legally in the Philippines. But before you can qualify for a driver’s license, you have to apply first for a student license at the Land Transportation Office (LTO). Here’s a guide to help you with your student permit application. Table of ContentsLTO Online Application for Student PermitWhat is an LTO Student Permit?What’s the Difference Between Student Permit and Driver’s License?Can I Drive with a Student Permit Only?Is the LTO Student Permit a Valid ID?LTO Requirements for Student PermitStudent License RequirementsHow Much is the Student License Fee?How to Get a Student License from LTOSteps to Get Student Driver License:4 Tips for Student Permit Applicants and Holders1. Undergo Medical Exam at an LTO-Accredited Clinic2. Bring Enough Cash for the Medical Exam and Student License Fee3. Apply for a Driver’s License Before Your Student Permit ExpiresFinal ThoughtsGet a Free Car Insurance Quote! LTO Online Application for Student Permit Students may now apply for their LTO permit online via the LTO web portal. Below are the steps in doing so. Visit portal.lto.gov.ph and click enroll as an individual. This is the Land Transportation Management System (LTMS) public portal that you can access on desktop, mobile, and tablet. Create an LTO online appointment for student permit at your preferred LTO branch. Pay your fees online. Note that LTO fines, car registration and renewal, and motor vehicle inspection services can be paid here as well. What is an LTO Student Permit? An LTO student permit, sometimes called student license, is an…
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The Consequences of Not Getting Car Insurance
- By Moneymax
- December 2, 2020
These days, owning a car is necessary. It not only gets you from Point A to Point B, but it can also be a source of livelihood by registering the vehicle with a ride-sharing or delivery app. And while many people recognize that cars are an asset, only a few do something to keep theirs protected. You may have this impression that it is okay to drive without insurance. But the road is full of forks, twists, turns, and other unpredictable variables. Having a car insurance policy will help reduce risk and even neutralize the effects of an untoward incident. This guide will help you understand the consequences of not having car insurance. Along the way, you will also be able to pick up some insights on how you should choose the right car insurance policy. Table of ContentsThe Consequences of Driving Without Car InsuranceYou Have to Settle Upfront CostsYou May Face Legal ChargesYou Have to Pay for Expensive Vehicle RepairsYour Business Might Get AffectedHow to Choose the Right Car Insurance for YouCompare and Choose the Right Car Insurance ProviderFinal Thoughts The Consequences of Driving Without Car Insurance You may already feel some sense of security with a compulsory third-party liability insurance or CTPL. This type of car insurance is required by the government[1], and if you get involved in an accident without one, you will have to pay a penalty. However, CPTL is a basic car insurance policy that only covers third-party victims. Basically, CTPL only covers the injury or death of a third party involved in the accident….
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8 Reasons to Take Driving Lessons (And Where to Have Them)
- By Venus Zoleta
- November 25, 2020
Let’s cut to the chase: Yes, you should enroll in a driving school—even if it costs you money. Consider how much more you’ll spend when you figure in a road accident because you lack proper training as a driver, something that a good driving school can provide. You might be thinking: “But my dad can teach me how to drive—and it’s free!” Well yes, you can learn driving that way. However, nothing compares to getting a quality driver’s education from professional instructors. The Land Transportation Office (LTO) now also require a driving course completion certificate before accepting and processing license transactions. Learn more about this below and other reasons why attending a driving school in the Philippines is well worth your penny. Table of ContentsWhy You Should Attend Driving School in the Philippines1. You Need it to Get a Driver’s License2. Learn from Certified Professionals3. Get Structured Driving School Training4. Reduce Your Risk of Getting Into an Accident5. Learn Car Maintenance6. Prevent Damage to Your New Car7. Get Help for Your Driver’s License Application8. Gain Confidence on the RoadDriving Schools in the Philippines Accredited by the LTO1. A-1 Driving School2. Honda Safety Driving Center3. Precision Driving School4. Prestige Driving School5. Smart Driving School6. Socialites Driving Institute7. Universal Driving SchoolFinal Thoughts Why You Should Attend Driving School in the Philippines 1. You Need it to Get a Driver’s License Basically, if you want a driver’s license, then you need to attend a driving school in the Philippines. All LTO sites now require a Theoretical Driving Course (TDC) certificate before issuing a driver’s license[1]. The…
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Flooded Car Problems to Watch Out for in the Rainy Season
- By Moneymax
- November 18, 2020
The rainy season is here again and along with it comes one of the car owner’s worst enemies: flooding. Recent typhoons namely Typhoon Rolly and Typhoon Ulysses damaged hundreds (or maybe even thousands) of vehicles nationwide[1]. With the high level of water, even pick-ups and SUVs were not safe from flooded car problems. Be prepared when flooding strikes. If you live in a flood-prone area, it’s best to evacuate your vehicle to higher ground. However, there’s still a chance that flood may get inside your vehicle. So keep on reading to know what to do with a water flooded car and the problems that may arise from it. Table of ContentsWhat to Do With a Water Flooded Car1. Dry your vehicle2. Do not start your car3. Check the engine oil and fuel system4. Check your electrical system5. Seek help from a professional6. Document everything7. Consider trading your vehicle7 Typical Flood-Damaged Car Problems1. Malfunctions in the Electronics and Electrical System2. Mechanical Damage to the Engine3. Mold and Mildew in the Interior4. Mud and Debris in Hard-to-Clean Areas5. Corroded Car Parts6. Slippery Brakes7. Contaminated FluidsFinal Thoughts What to Do With a Water Flooded Car Floodwater causes a lot of car problems that show up long after the vehicle has been submerged. It can ruin a vehicle’s electrical systems, mechanical systems, and lubricants. Flood-damaged cars are costly to repair, so never risk it—avoid passing through a flooded area. Wait for the floodwater to subside before driving on. But sometimes, cars still get flooded while they’re stuck in traffic or parked in flood-prone areas. When…
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6 Reliable Auto Repair Shops in Metro Manila for Car Repair and Maintenance
- By Moneymax
- November 10, 2020
Car breakdowns are inconvenient but inevitable. If you drive a private vehicle, you know how frustrating it can be to deal with the hassle of taking your car to a service center and shelling out a sizable chunk of cash. That’s why smart car owners maintain their car regularly. Periodic maintenance is less troublesome than a one-time, hard-hitting repair. Typically, you can go to a casa for regular servicing as long as you’re still entitled to a warranty. However, once the warranty period is over, the more practical thing to do is to go to an auto repair shop that offers repair and replacement parts for lower prices. Table of ContentsWhy is it Important to Know a Good Auto Repair Shop?Qualities of a Reliable Car Service Center1. Mechanics Regard Their Craft with Integrity2. Employees are Focused and Committed3. The Service Floor is Clean and TidyWhat is the Average Labor Cost for Auto Repair?Top Auto Repair Shops in Metro Manila1. Goodyear Servitek2. ValuePlus3. Centennial Auto4. Ziebart and CarSavers5. Motech 6. RapideFinal Thoughts Why is it Important to Know a Good Auto Repair Shop? A good auto repair shop can give you the best car services, providing you some peace of mind. Proper auto repair is particularly important if you’ve been in a road accident. You may need some car parts repaired and replaced, overall decreasing the value of your vehicle. If you do not have car insurance, a car service center can ensure that you can go back safely on the road. Qualities of a Reliable Car Service Center Sometimes, when you walk…
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Malayan, Philippine Leader in Non-Life Insurance, Partners With Online Broker Moneymax
- By Moneymax
- November 4, 2020
MANILA, PHILIPPINES – OCTOBER 2020. Malayan Insurance, the Philippines’ leading non-life insurance company, partners with Moneymax, an online comparison platform and licensed insurance broker. The digital partnership for car insurance is part of the digital transformation plans by Malayan Insurance, accelerated even more by the community quarantine brought about by the COVID-19 pandemic. On the other hand, Malayan Insurance becomes Moneymax’s biggest car insurance partner to date. Table of ContentsGetting the Right Car Insurance Made Easier by Malayan and MoneymaxBringing Top-Notch Customer Service in the PhilippinesAbout MoneymaxAbout Malayan Insurance Getting the Right Car Insurance Made Easier by Malayan and Moneymax With a Gross Premium Written (GPW) of more than ₱10 billion in 2019, Malayan continues to be the country’s leader in non-life insurance products. Apart from car insurance, Malayan also offers aviation, engineering, marine, personal accident, surety, and fire insurance. The company takes pride in its ability to settle all “just and valid claims” and has taken steps to automate its claims processing. With the addition of Malayan on the Moneymax website, both companies will be able to improve their ability to help Filipinos find comprehensive car insurance coverage that fits their needs. Moneymax’s online comparison platform allows users to easily view and compare different car insurance policies as well as other financial products. Greg Aguilar, Moneymax Head of Business Development shares: “We’re incredibly excited to be partnering with Malayan, the leading non-life insurer in the Philippines, to provide greater accessibility to their comprehensive car insurance product. This partnership reaffirms our position in the industry as the leading comparison platform…
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5 Reasons Why Your Business Needs Commercial Auto Insurance
- By Moneymax
- October 27, 2020
We all know that having car insurance on a personal vehicle is important. It’s a requirement when you get a car loan or registering your car with the Land Transportation Office. Car insurance also helps protect you from draining your finances should an accident, disaster, or car damage happen. However, auto insurance isn’t exclusive to cars for personal use. As a business owner, you can also get commercial auto insurance meant to protect you, your employees, and vehicles while on the road. As a business owner, it’s essential to protect the vehicle that helps run your business, particularly if you use it on your day-to-day operations. Keep on reading to know more about business car insurance in the Philippines and why you need to get one. Table of ContentsWhat is Commercial Auto Insurance?How Much Does Commercial Auto Insurance Cost?Why Do I Need Commercial Auto Insurance?1. It’s Riskier to Drive a Commercial Vehicle Than a Personal Vehicle2. Commercial Auto Insurance Protects Your People, Products, Equipment, and Vehicle3. Business Auto Insurance Provides Better Coverage4. Your Business Needs Higher Insurance Limits5. Your Personal Car Insurance Won’t Cover Your Vehicles Used for BusinessList of Commercial Auto Insurance Providers in The PhilippinesHow to Choose the Right Car Insurance for BusinessFinal ThoughtsGet a Free Car Insurance Quote! What is Commercial Auto Insurance? Commercial auto insurance is a policy designed especially for vehicles used by or for a business. Commercial vehicles are cars with commercial value and are used commercially[1]. Sports utility vehicles (SUVs), vans, pickup, and other large motor vehicles may be considered as commercial vehicles….
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Prudential Guarantee Strengthens Auto Insurance Program Through Partnership with Moneymax
- By Moneymax
- October 12, 2020
MANILA, PHILIPPINES – SEPTEMBER 2020. Prudential Guarantee and Assurance, Inc. (PGAI), one of the country’s leading non-life insurance companies, partners with Moneymax to make its auto insurance program more accessible to a wider audience. Both companies aim to help Filipinos financially protect their vehicles without leaving the comfort of their homes. This is also part of PGAI’s effort to increase the use of digital processes and expansion of their car insurance services. Table of ContentsPrudential Guarantee x Moneymax: A Milestone for Both CompaniesClient Convenience and Safety, Always a Top PriorityAbout Moneymax Prudential Guarantee x Moneymax: A Milestone for Both Companies PGAI, with 41 offices operating nationwide, is the Philippines’ number one non-life insurance company in terms of Net Premiums Written based on the Insurance Commission’s 2017 to 2019 ranking. PGAI offers a complete suite of insurance products such as car insurance, property insurance, and travel insurance. The insurance provider is also an affiliate of PGA Cars, which exclusively distributes luxury auto brands like Audi, Porsche, Lamborghini, and Bentley. This partnership represents a milestone for both companies: this is PGAI’s first partnership with an online aggregator, while for Moneymax, PGAI becomes its largest insurance partner to date. Indeed, Moneymax is excited to extend the reach of PGAI’s comprehensive car insurance services to its website audience of more than half a million users per month. Greg Aguilar, Moneymax’s Head of Business Development shares, “We are excited to announce our new partnership with Prudential Guarantee. The partnership will allow Moneymax, as a registered broker, to offer PGAI’s car insurance products on its online…
