All Articles With Category : Car Insurance

The latest and the best financial news, tips and tricks.

The Benefits of Going Paperless with Moneymax

Table of ContentsWe’ve gone paperless! What does this mean?What does it mean for Moneymax clients?Sounds good. But what are the benefits? We’ve gone paperless!  We know that a lot of people still prefer the traditional way of doing business, which is to receive and sign documents on print. However, we believe that going paperless is beneficial not only for you, our dear client, but for the environment as well. What does this mean? This means that Moneymax will start issuing policy documents on soft copy. We have been doing this for quite a while but we wish to eliminate all kinds of printed insurance documents in the long run. What does it mean for Moneymax clients? Just a few things, really. All of our car insurance clients will automatically receive e-policies sent by their comparison advisors through email Remember that e-policies are as good as printed insurance documents. Your insurance provider will recognize your claim even if you don’t have a hard copy of your policy. Hard copies are by request only. Just inform your advisor if you really prefer to have one. Read more: AFPGEN Signs Motor Car Insurance Partnership with MoneyMax.ph Malayan, Philippine Leader in Non-Life Insurance, Partners With Online Broker Moneymax Prudential Guarantee Strengthens Auto Insurance Program Through Partnership with Moneymax Sounds good. But what are the benefits? A lot. It’s good not only for you but for the environment, too. Check out our infographic below. Do you have any questions? Confused on how paperless works? Feel free to send us a message on Facebook or email us…

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Car Sanitation Tips to Help Prevent Coronavirus Spread

Is your car free from the coronavirus? Much of what we hear about coronavirus prevention has to do with good personal hygiene, such as frequent and proper handwashing. But there’s hardly any info on how to disinfect car interior and keep it virus-free. During the outbreak, protect yourself and your passengers through good car sanitation practices—whether you drive for personal or ride-sharing purposes. More so if you own a fleet of vehicles for rental or any commercial use, especially if you live in an area with many confirmed cases of coronavirus disease 2019 (COVID-19). Table of ContentsHow Does Coronavirus Spread in a Car?DIY Car Sanitation Tips1. Use Soap and Water2. Don’t Use Harsh Chemicals3. Wash Surfaces Vigorously4. Clean Frequently Touched SurfacesProfessional Car Sanitation ServiceFinal Thoughts How Does Coronavirus Spread in a Car? Before we discuss how to disinfect car interior against viruses, it’s important to understand first how infections can possibly happen inside a car. Car interiors can contain and help spread viruses that cause infectious diseases like COVID-19. When an infected person coughs or exhales, small droplets from the nose or mouth land on surfaces in the car. Coronaviruses survive on surfaces for a few hours or up to several days, according to the World Health Organization (WHO)[1]. Other passengers can get infected when they touch surfaces with the virus, and then touch their eyes, nose, or mouth. The silver lining here, though, is that you can kill the virus on various surfaces in your car. DIY Car Sanitation Tips Car interior cleaning for coronavirus prevention is simpler than…

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How Much Does it Cost to Insure Your Mitsubishi Vehicle in the Philippines?

Got a Mitsubishi vehicle that you need to insure? If you’re wondering how much a Mitsubishi car insurance policy costs, the best way to start is to search and compare quotes for your particular model. But first, let’s set your expectations right. Car insurance cost in the Philippines—regardless of vehicle make and model—isn’t a fixed price. It varies depending on factors such as the add-ons you’ll get, how much your deductible is, and your vehicle’s model and variant. To help you get started, here’s a rundown of the cheapest annual premiums for Mitsubishi car insurance in the Philippines. Table of ContentsLowest Annual Car Insurance Cost per Mitsubishi ModelMitsubishi ModelAnnual PremiumCar TrimWhere to Get a Free Car Insurance QuoteMitsubishi Mirage Car Insurance PriceCheapest Annual Premium: PHP 12,397 (2019 Mitsubishi Mirage GLS 1.2L Gas M/T)Mitsubishi Mirage G4 Car Insurance PriceCheapest Annual Premium: PHP 14,298 (2019 Mitsubishi Mirage G4 GLS 1.2L Gas M/T)Mitsubishi Xpander Car Insurance PriceCheapest Annual Premium: PHP 19,032 (2019 Mitsubishi Xpander GLS 1.5L Gas A/T FWD)Mitsubishi Montero Sport Car Insurance PriceCheapest Annual Premium: PHP 27,617 (2019 Mitsubishi Montero Sport GLS 2.4L Diesel M/T)Mitsubishi Adventure Car Insurance PriceCheapest Annual Premium: PHP 16,107 (2019 Mitsubishi Adventure GLS Sport 2.5L Diesel M/T)Mitsubishi L300 Car Insurance PriceCheapest Annual Premium: PHP 12,547 (2019 Mitsubishi L300 Versa Van 2.5L Diesel M/T)Mitsubishi Lancer Car Insurance PriceCheapest Annual Premium: PHP 9,804 (2019 Mitsubishi Lancer GLX 1.6L Gas M/T)Mitsubishi Strada Car Insurance PriceCheapest Annual Premium: PHP 22,744 (2019 Mitsubishi Strada GL 2.5L Diesel M/T AWD)Final Thoughts Lowest Annual Car Insurance Cost per Mitsubishi Model Mitsubishi Model Annual Premium Car…

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Participation Fee in Car Insurance: What Is It and Why Is It Needed?

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 in 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 car insurance participation fees 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 Participation Fee in Car Insurance?How to Compute Participation FeeHow 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 once they file a claim for vehicle loss…

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The Importance of Having Acts of God Insurance Coverage

Do you know that the Philippines is ranked as the third most disaster-prone country in the world[1]? We experience almost all forms of disasters such as typhoons, earthquakes, and volcanic eruptions. We never know when calamity will strike so it’s better to be safe than sorry. Keep yourself from the costs that come with a damaged vehicle brought by a natural disaster. If you are getting car insurance, make sure that you have Acts of Nature or Acts of God coverage. Table of ContentsWhat is Acts of God coverage?Why do I need Acts of God in my car insurance coverage?How can I get this type of car insurance coverage?Final ThoughtsGet a Free Car Insurance Quote! What is Acts of God coverage? Acts of God is a type of car insurance coverage that covers non-human and non-mechanical damage risks, attributable to natural phenomena. An Acts of Nature coverage may cover the following natural events: Flood Typhoon Hurricane Earthquake Volcanic eruption And even falling fruits (Yes, falling coconuts count.) The concept of the cover traces back to the Hammurabi Code, one of the first written laws. The code allowed a debtor to be saved from having to pay back borrowed money in the event of an uncontrollable personal catastrophe. These events include natural disasters, the same way that an Acts of Nature cover protects a car owner in the event of damage incurred due to storms and other calamities. Read more: 9 Car Insurance Payment Options in the Philippines Why do I need Acts of God in my car insurance coverage? The…

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9 Tips to Protect Yourself When Buying a Used Car

You’ve decided to purchase a used car, and you’ve started to hunt for the right one for you. The next steps will be a lot trickier than the car buying decision. Of course, you want a vehicle in the best condition possible at the lowest price. Just because you’re buying a second-hand car doesn’t mean you’ll settle for a huge piece of junk, right? Used cars are raging in the Philippine auto industry today. Take it from all the online community where car advertising websites and car sellers are in speaking terms. Buying second-hand cars can help you get value for your money. However, purchasing second-hand car is more difficult than getting a brand new one. So you won’t end up regretting your purchase, be very meticulous and careful when buying a pre-owned vehicle. Here are some tips you need to know before buying a second-hand car. Table of Contents1. Research Your Options Extensively2. Compare Used Car Prices3. Check the Mileage4. Set a Reasonable Budget5. Dig Deeper into the Car’s History6. Check the Second Hand Car Thoroughly for Red Flags7. Never Skip the Test Drive8. Negotiate a Fair Price9. Don’t Forget InsuranceFinal Thoughts 1. Research Your Options Extensively Before contacting sellers, make sure you arm yourself first with enough knowledge about the used car model you want to buy and its price range. Compare all the cars in your mind with your budget. Check your prospect’s specifications, variant, and model. This way, you can trim down all your options and will just stick to what precise car you really need…

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10 Driving Tips to Make Late Night Driving Safer

Shout out to all the night owls out there who prefer a night drive over the stress of dealing with daytime traffic. Indeed, driving at night has its benefits, whether it’s a long drive to the province or just a regular late night road trip. But obviously, it also requires extra effort and precaution to safely reach your destination. Here’s a refresher on how to drive safely at night. Table of ContentsHow to Have a Safe Night Drive1. Check Your Lights Before Going2. Give Your Windshield a Good Clean3. Do a Quick Car Maintenance Check4. Prepare a Roadside Emergency Kit5. Don’t Drive When It’s Raining Hard6. Always Keep Your Distance7. Keep Distractions to a Minimum8. Do Your Best to Stay Awake9. Watch Out For Pedestrians10. Keep Your Eyes in Good HealthFinal Thoughts How to Have a Safe Night Drive 1. Check Your Lights Before Going Basically, your headlights will serve as your eyes on the road, so make sure they are all in good working condition before you venture to your night drive. If you need a replacement, do it immediately and spare no expense on high-grade night headlights. Don’t forget to check your brake lights and turn signals too as a way of helping out the drivers behind you. Read more: BLOWBAGETS: 10 Things to Check Before You Drive 2. Give Your Windshield a Good Clean Your windshield may appear clean during the day, but street lights during the night may reveal streaks and cause glare that will obstruct your view while driving. Make sure your windshield is spotless,…

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Holiday Gift Guide: Cool Car Gifts for Car Lovers

Christmas is not only for the children—it’s literally for everyone else, too. That means giving gifts to everyone close to you, not just your kid relatives. Shopping for others is easy enough, but what if they have specific interests like vehicles and driving? Luckily, car gifts aren’t that hard to find. Last week, we took care of the best gift ideas for your tech-savvy family and friends. This week, we’re going to find the best Christmas gifts for car lovers. From car accessories to fashion choices that suit their road lifestyle, here are some great car gifts you should check out. Table of ContentsCar Gifts Within PHP 1,000Sparco Neck PillowSpigen A201 Magnetic Car MountNeo-Tridagger ZMC Carbon SpecialCar Gifts Under PHP 2,000Goodyear Car Vacuum Cleaner GDY2110Ray-Ban Privé RevauxTurtle Wax Jet Black Black Box Finish KitCar Gifts Under PHP 5,000Mango Volume Sole Suede MoccasinsCoido Tire Inflator with LightBlade Rearview Mirror with Full HD DashcamFinal Thoughts Car Gifts Within PHP 1,000 Sparco Neck Pillow Price: PHP 699.75 Best Christmas gift for: Car owners who drive for long hours Driving in the Philippines is stressful. What better way to make it bearable than providing comfort to the car owners in your life? This Sparco neck pillow will definitely take the edge off dealing with traffic, thanks to its universal easy installation and its high-density foam. They’re probably in the market for comfortable car accessories anyway, so make it happen. Available at: Ace Hardware Spigen A201 Magnetic Car Mount Price: PHP 1,100 Best Christmas gift for: Grab drivers, commercial car owners Know anyone who drives…

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7 Types of Car Insurance Claims You Can File in the Philippines

Got into an accident or an emergency involving your car? In such circumstances, it’s either you pay for vehicle repair and medical expenses out of your pocket or make a car insurance claim. Both have their pros and cons depending on the situation. For example, if the accident involves only you and your car, and your total repair and/or medical expenses are lower than your deductibles, the more practical choice is to forego making a claim and pay for them on your own instead. However, filing a car insurance claim makes more sense if the accident caused damage to another car and/or injured or killed another person. In such a case, you can request your car insurance provider to pay for or reimburse the expenses according to the terms of your policy. When making a claim, the insurer will ask you to specify your claim type before proceeding with the car insurance claims processing. So before you contact your insurance provider or broker, familiarize yourself first with the different types of claims in the Philippines. Read more: The Consequences of Not Getting Car Insurance Table of ContentsDifferent Types of Car Insurance Claims1. Acts of Nature Claim2. Own Damage Claim3. CTPL Claim4. Excess Bodily Injury Claim5. Third-Party Property Damage Claim6. RSMD Claim7. Towing Reimbursement ClaimFinal ThoughtsGet a Free Car Insurance Quote! Different Types of Car Insurance Claims 1. Acts of Nature Claim What is an Acts of Nature or Acts of God Claim? If your car insurance policy has an Acts of God or Acts of Nature (AON) coverage, you can file…

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8 Car Insurance Add-ons You Need to Consider

Getting a comprehensive car insurance policy is a smarter decision than just settling for the government-mandated Compulsory Third Party Liability (CTPL) insurance. Comprehensive insurance provides better protection against the financial impact of car damage and theft, personal accident, and property damage, among others. But don’t be misled into thinking that “comprehensive” means “complete” in car insurance. Some benefits you need as a motorist may not be included in the standard package and are instead offered as optional car insurance add-ons or riders. Here are eight car insurance add-ons or riders to consider when purchasing a car insurance policy in the Philippines. Table of Contents1. Roadside AssistanceRoadside assistance may include the following benefits:2. Acts of Nature or Acts of GodActs of Nature may cover these natural events:3. Personal Effects Coverage4. Loss of Use5. Riots, Strikes, and Civil Commotion Coverage6. Lost Wage Recovery7. Pet Injury Coverage8. Legal AssistanceFinal ThoughtsGet a Free Car Insurance Quote! 1. Roadside Assistance Roadside assistance from an insurance provider is extremely helpful when your car breaks down due to electrical or mechanical issues, flooding, or a road accident. During a roadside emergency, just ring your insurance company and let them know what happened, and help will be on the way. When choosing an insurance policy, make sure your car insurance add-ons include a 24/7 roadside assistance coverage. This will save you from the headache of dealing with your stalled vehicle alone on the road. Roadside assistance may include the following benefits: Vehicle assistance Emergency towing Vehicle removal using a crane Jumpstarting a dead battery Fuel delivery Tire change…

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Car Rental Companies: Finding the Best Car for Rent Deal

Looking for the cheapest car rental service in the Philippines? Here’s the thing about saving money when renting a car: the price isn’t the only thing to consider when choosing the best rent-a-car company. Cheaper doesn’t necessarily mean better. Of course, you need to stay within your budget. But you also have to look at other things that drive car rental prices: service, vehicle selection, hidden fees, inclusions and limitations, and other terms and conditions. The car rental provider’s garage locations and vehicle safety features are important considerations as well. Check these things between different rent-a-car service providers. There has to be a balance between the price and the quality of service that a car rental company provides. In this guide, we’ll compare some of the top car rental companies in the Philippines. Table of ContentsCar Rental LocationsCar Rental in Manila, Cebu, Davao, and Other CitiesCar for Rent ServicesCar Rental Service ComparisonVehicle SelectionWhat’s the Right Vehicle Type for Your Needs?Vehicle Selection ComparisonVehicle Condition and FeaturesCar Rental PricesWhat Affects Car Rental Prices?How to Compare Car Rental Rates?Package Inclusions and ExclusionsExtra Fees and ChargesFinal Thoughts Car Rental Locations When shopping around for car rental companies, the first thing you have to check is each provider’s pick-up and drop-off points. You want to make sure that the car rental location is accessible to you. Ideally, it’s located nearest your home, at the airport where you’ll arrive, or at the hotel where you’re staying. This way, you won’t be as hassled when picking up and returning the rental car. Car Rental in Manila, Cebu, Davao, and Other…

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Grab Insurance Guide for TNVS Operators in the Philippines

A vehicle owner in the Philippines can make money from being a ride-hailing service operator or driver. Whether you’re looking for a part-time or full-time job, registering as a Grab Peer will add to your primary source of income. If you’re thinking of signing up as a GrabCar operator, check the step-by-step registration procedure here. Aside from joining the Grab platform, ride-sharing service operators are required by the Land Transportation Franchising and Regulatory Board (LTFRB) to register their vehicles under the category of Transportation Network Vehicle Service (TNVS). This will grant them a Certificate of Public Convenience (CPC), which authorizes them to operate around Metro Manila and key cities nationwide. Operators without a CPC may be apprehended. Once you’ve submitted your requirements for TNVS registration, you’re required to apply for PAMI insurance (1) on top of your existing car insurance policy. Keep reading to learn more about PAMI insurance, as well as Grab insurance for TNVS drivers and passengers in the Philippines. Table of ContentsHow to Insure GrabCar Through PAMI InsuranceWhat is PAMI Insurance?What Does PAMI Insurance Cover?How to Apply for PAMI InsuranceHow to Claim PAMI InsuranceHow to Insure GrabCar Through Grab InsuranceWhat is Grab Personal Accident Insurance?What Does Grab Insurance Cover?Final ThoughtsGet a Free Car Insurance Quote! How to Insure GrabCar Through PAMI Insurance What is PAMI Insurance? PAMI stands for Passenger Accident Management and Insurance Agency, Inc., a management company that implements the passenger personal accident insurance program. It’s one of the LTFRB’s partners (the other being SSCI Management and Insurance Agency Corp.) for the government-mandated personal accident insurance…

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10 Car Insurance Myths You Should Stop Believing

When it comes to car insurance, Pinoys worry a lot about the cost, coverage, and claims processing. But if you research and read up on car insurance myths and facts, you’ll realize that some of your assumptions about insurance could actually be incorrect. Are your beliefs about car insurance accurate? Know the real score and be enlightened. Here are the car insurance myths in the Philippines that should be debunked. Table of Contents1. Car Insurance Premiums are Expensive2. Red Cars are More Expensive to Insure3. Car Insurance Cost is the Only Thing That Matters4. Having CTPL Insurance is Good Enough5. Comprehensive Car Insurance Automatically Covers Acts of Nature6. Personal Car Insurance Covers Business Use of the Car7. Car Insurance Covers Personal Items Inside the Vehicle8. If Someone Else Drives My Car, That Person’s Insurance Must Cover the Damages9. Claims Processing is Tedious and Complicated10. Making a Claim Will Raise the PremiumFinal ThoughtsGet a Free Car Insurance Quote! 1. Car Insurance Premiums are Expensive This is a sweeping generalization about car insurance costs in the Philippines. Although insurance premiums for certain vehicle types and models (i.e., luxury cars, sports cars, etc.) are higher, not all cars are expensive to insure. You’d be surprised to learn that many cars in the Philippines can be insured for as low as PHP 7,000 to PHP 12,000 per year (equivalent to just PHP 1,000 or less per month). This is especially true for most hatchbacks and sedans from manufacturers like Suzuki, Honda, Mitsubishi, and Toyota. Aside from choosing a car that’s cheap to insure, there…

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First Time Driver? Here’s How to Get the Right Car Insurance for You

Being a new and young driver comes not only with perks but also responsibilities, like maintaining your car regularly, driving safely, knowing and obeying the traffic signs and rules, and getting a driver’s license. An equally important but often overlooked task: getting one’s car insured. Before you hit the road and enjoy your newfound freedom, make sure you have the right insurance for first time drivers. This means getting a policy with enough coverage at the right cost. This way, you won’t be burdened too much with repair bills should something happen to your car, another person or property, or yourself after an accident. Here are some tips on choosing car insurance for first time drivers in the Philippines. Table of Contents1. Pick the Right Car2. Figure Out the Car Insurance Coverage You NeedMust-Have Coverage on Insurance for First Time Drivers3. Compare Car Insurance Quotes4. Choose the Right Car Insurance Company5. Decide Where You’ll Buy Car Insurance6. Understand the Policy Before Buying ItFinal ThoughtsCompare Car Insurance Quote from Top Providers 1. Pick the Right Car Several factors drive the cost of car insurance up or down, including the vehicle’s price, type, and safety. This is why some vehicles cost more to insure than others. For example, luxury brands like Mercedes-Benz and BMW are more expensive to insure than the likes of Suzuki, Toyota, Honda, and Mitsubishi. In terms of vehicle type, hatchbacks and sedans are cheaper to insure than SUVs and sports cars. Cars that are safe to drive tend to have lower insurance prices than cars that are accident-prone….

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Cars for Sale in the Philippines: Top Places to Score New Wheels

Buying your first car is an exciting yet overwhelming experience. There are plenty of decisions to make. Should I buy a brand-new or used car? What’s the right model for me? How will I finance a car purchase? And of course, the most important questions you should be asking yourself are: Where do I find cars for sale in the Philippines? Which dealership can help me pick the perfect car for the best price? To help you choose the right dealership, we’re listing the best car dealers as well as online marketplaces for new and second-hand cars for sale in the Philippines. Table of Contents7 Best Car Dealers in the Philippines to Find Cars for Sale1. Honda Cars Philippines2. Mazda Philippines3. Mitsubishi Motors Philippines4. Toyota Motor Philippines5. Nissan Philippines6. Hyundai Philippines7. AutomobilicoFinal Thoughts 7 Best Car Dealers in the Philippines to Find Cars for Sale 1. Honda Cars Philippines Honda car buyers in the Philippines are the happiest in their new vehicle purchase and delivery experience. In fact, the Japanese carmaker takes the top spot in terms of overall sales satisfaction in the J.D. Power 2019 Philippines Sales Satisfaction Index[1]. The latest J.D. Power study findings were based on different factors that contribute to the satisfaction of customers with their car buying experience. These factors include sales consultant, dealer facility, delivery process, paperwork completion, working out the deal, and dealer website. The study also measured how likely a new car owner would recommend their vehicle brand. After-sales service is another area that Honda Philippines excels in. It ranks fourth in…

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Fully Paid Car Loan? Here’s What You Should Do Next

So, you’ve finished paying the monthly amortizations for your car loan. You’re probably wondering what will happen at the end of your auto loan term. Most people think that after paying off a car loan in the Philippines, the vehicle is theirs without having to do anything. But technically, the bank that provided the loan still owns the unit. You have to do several things shortly after you’re fully paid on the loan, so you can finally become the true owner of the car. Here’s what you should do next after paying off your car loan in the Philippines. Table of Contents1. Confirm Availability of Your Collateral Documents2. Claim Your Collateral Documents from the Bank3. Have Your Chattel Mortgage Cancelled4. Go to LTO for Cancellation of EncumbranceLTO Requirements for Cancellation of MortgageSteps to File for Cancellation of Mortgage/Encumbrance at the LTO5. Renew Your Car Insurance PolicyFinal Thoughts 1. Confirm Availability of Your Collateral Documents Around 10 to 15 banking days after your final car loan payment, the bank will notify you about the availability of your original collateral documents for release. If you haven’t heard from the bank after that period, call its customer service hotline to ask for confirmation of your full payment and when the documents will be ready for pickup. Some banks like BDO require setting an appointment to claim the collateral documents. If your car was financed through a BDO auto loan, set a schedule online here. Before claiming your documents from the bank, check if your car registration is valid and updated. Make sure your…

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Affidavit for Car Insurance Claim: Why You Need It and How to Get One

When you ask your car insurance provider about the requirements for a claim, one of the items on the list is a notarized affidavit. Now you wonder: Why do I have to provide an affidavit for car insurance claim? Aren’t the photos I took of the accident and my damaged car enough to prove what happened? How do I get this document? If this is your first time to file a car insurance claim, read on to know more about this important requirement for claims processing. Table of ContentsWhat is a Notarized Affidavit?Why You Need a Notarized Affidavit for Car Insurance ClaimHow to Get a Notarized Affidavit for Car Insurance Claim1. Prepare the Necessary Information2. Visit a Notary Public3. Sign the Affidavit4. Pay For the Notarial Fee5. Get Your Notarized Affidavit for Car Insurance ClaimSample Format of Affidavit for Car Insurance ClaimYou can download the affidavit sample format here.Final ThoughtsGet a Free Car Insurance Quote! What is a Notarized Affidavit? While this legal term sounds too technical for common people, the meaning of “notarized affidavit” is actually simple—it’s a written and signed statement of facts verified to be true and can be used as evidence in any court case. When an affidavit for car insurance claim is notarized, it means that you have sworn under oath about the truth of the facts in the affidavit and signed it in front of a notary public [1]. The document should also have the notary public’s signature and seal. Related Articles: Top Causes of Road Accidents in the Philippines Killer Highways: 10 Most…

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The Most Expensive Cars to Insure in the Philippines

Not all cars are the same. Some cars cost more to insure than others. With all the BMWs and Mercedes zipping around BGC or Makati, you might be wondering: which are the most expensive cars to insure in the Philippines? Planning to buy a luxury car or even dream of owning one like those of high-profile Pinoy celebrities? You should also consider the cost of car insurance aside from the actual unit’s selling price. Be ready to pay higher insurance premiums to protect your precious investment. Table of Contents20 Most Expensive Cars to Insure in the Philippines1. Mercedes-Benz SL632. Mercedes-Benz S6503. Mercedes-Benz GTAnnual Car Insurance Premium: PHP 315,619 (2019 Mercedes-Benz GT AMG 4L Gas A/T)4. BMW 7 Series 750Li5. BMW 7 Series 740Li6. Mercedes-Benz SL5007. BMW M58. BMW M69. Jaguar XJ10. Nissan GT-R11. Land Rover Range Rover Sport12. Lexus RC13. Mercedes-Benz E20014. Land Rover Range Rover Velar15. Jaguar F-PACE16. Land Rover Range Rover Evoque17. Chevrolet Camaro18. Ford Mustang19. Jaguar XE20. Land Rover DiscoveryWhat 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 2019. One of these models may just be the car of your dreams. 1. Mercedes-Benz SL63 Annual Car Insurance Premium: PHP 405,548 (2019 Mercedes-Benz SL63 AMG 5.5L Gas A/T) This two-seater hardtop roadster packs 577 horsepower under its hood (thanks to the twin-turbo V8 engine), enabling you to go from zero to 96.56 kph in a few seconds. It’s also among the most expensive cars to insure,…

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Switching Car Insurance Companies: Step-by-Step Guide

Been sticking with a certain car insurance company you signed up with at the dealership? While there may be good reasons to keep renewing with the same insurer, know that you don’t have to stay with your current provider if you think you deserve better. Yes, you can change car insurance companies—it’s your right as a consumer. In doing so, you won’t miss out on a better deal with another car insurance provider. Here are the important things to know before you switch to a new car insurance company. Table of ContentsWhat are the Benefits of Switching to a New Car Insurance Company?When Can I Change My Car Insurance Provider?How to Change Car Insurance Companies1. Assess Your Car Insurance Coverage Needs2. Compare Car Insurance Quotes3. Gather Feedback4. Choose the Car Insurance Company You’ll Switch To5. Make the Switch6. Notify Your Auto Loan Provider about the New Car Insurance CompanyFinal Thoughts What are the Benefits of Switching to a New Car Insurance Company? Over time, your car insurance coverage needs (and the cost of each type of coverage) change. Your financial situation is likely to be different from the time you got your existing policy. And you might realize that the service you’re getting is not up to par with your expectations. These reasons make signing up with a new car insurance company a good idea. Depending on the new insurer you choose, you can reap various benefits from changing car insurance companies. Here are some of them: Saving money on insurance premiums Getting a better deal at a lower cost…

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11 Car Care Tips to Protect Your Vehicle During Typhoon Season

Roughly 20 typhoons visit the Philippines every year. How prepared are you for the typhoon season? Since we can’t predict how massive these typhoons will be until they start to happen, the only thing we can do to minimize their risks is to prepare for them. Taking care of your car is just as crucial as protecting lives and your home during a typhoon. It’s expensive to repair or buy a new car to replace a severely damaged one, so it’s better to be proactive rather than reactive. Here are things you should remember to protect your car during the typhoon season in the Philippines: Table of Contents1. Drive Safely2. Park to Safer, Higher Ground3. Protect Your Car from Flooding4. Keep Electrical Parts Dry5. Check Your Car Insurance Coverage6. Wash Your Car Before and After the Rain7. Check All Rubber Seals8. Replace the Windshield Wipers9. Clean the Windshield Washers10. Monitor Weather Updates11. Inspect Your CarFinal Thoughts 1. Drive Safely The importance of careful driving can’t be stressed enough during the rainy season. It isn’t just for your safety but also for the longevity of your car. When driving in the rain, keep these precautions in mind: Remain calm and don’t make sudden motions. Avoid any distraction while driving. Keep a 360-degree vision of everything around you from your mirrors. Keep a safe distance from the car in front of you. Drive at a speed limit that you’re comfortable with to make better driving decisions. Do not follow trucks and buses. Water splashed from their large tires will impair your vision….

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