Affidavit for Car Insurance Claim: Why You Need It and How to Get One
- By Venus Zoleta
- September 9, 2019
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. Read more: A Complete Guide to Filing a Car Insurance Claim Why You Need…
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20 Cheapest Cars to Insure in the Philippines
- By Venus Zoleta
- September 2, 2019
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. But 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. Read more: How Much Does Car Insurance Cost in the Philippines? Fortunately, a lot of options are available in the market when it comes to the cheapest cars to insure. 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. Table of Contents1. Suzuki Alto 800Cheapest Annual Car Insurance Premium: PHP 7,155 (2019 Suzuki Alto 800 0.8L Gas M/T)2. Hyundai EonCheapest Annual Car Insurance Premium: PHP 7,334 (2019 Hyundai Eon GL 0.8L Gas M/T)3. Suzuki CelerioCheapest Annual Car Insurance Premium: PHP 7,619 (2019 Suzuki Celerio 1L Gas M/T)4. Chevrolet SparkCheapest Annual Car Insurance Premium: PHP 8,868 (2019 Chevrolet Spark LS 1L Gas M/T)5. Suzuki Super CarryCheapest Annual Car Insurance Premium: PHP 9,546 (2019 Suzuki Super Carry Pick Up Truck 0.8L Gas M/T)6. Mitsubishi LancerCheapest Annual Car Insurance Premium: PHP 9,804 (2019 Mitsubishi Lancer GLX 1.6L Gas M/T)7. Suzuki APVCheapest Annual Car Insurance Premium: PHP 10,860 (2019 Suzuki APV GA 1.6L Gas M/T)8. Honda CityCheapest Annual Car Insurance Premium: PHP…
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The Most Expensive Cars to Insure in the Philippines
- By Moneymax
- August 26, 2019
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
- By Venus Zoleta
- August 19, 2019
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
- By Moneymax
- August 12, 2019
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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Getting Comprehensive Car Insurance? Prepare These Requirements
- By Moneymax
- August 5, 2019
For any vehicle owner in the Philippines, car insurance is a necessity. In fact, a Compulsory Third Party Liability policy is mandated by local law. This means that if you are to register a car with the Land Transportation Office, that car needs to be insured to be valid for operation. However, a CTPL policy covers just a certain aspect of your insurance. It only covers the death or injury of a third party and not the damages made on your car. This is why it is important to have a comprehensive car insurance policy. Apart from protecting yourself and your vehicle, a comprehensive policy covers your passengers from several road-related risks and hazards. Buying comprehensive car insurance can be easy if you compare your options and be prepared with the requirements. Take note of the steps and the following comprehensive car insurance requirements for a hassle-free process. Table of ContentsDetermine Your InsurerPrepare the RequirementsHere are the comprehensive car insurance requirements to prepare:What Happens Next? Determine Your Insurer If you already have a CTPL policy, odds are you already have a provider. But as you can generally purchase insurance through the LTO, a comprehensive car insurance policy may be an entirely separate thing. If you aren’t sure which company to get it from, there are insurance comparison websites like Moneymax to help you along. One thing to remember is that your premium will depend on the make, model, and age of your car. Older cars may have higher premiums than newer ones owing to their Fair Market Value. Note that…
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Top Causes of Road Accidents in the Philippines
- By Moneymax
- July 29, 2019
Statistics on road accidents in the Philippines all paint the sorry state of traffic safety in the country. In Metro Manila alone, road crashes have been on a rising trend for over 10 years since 2005. Figures almost doubled from 63,072 incidents in 2007 to 116,906 in 2018. Human error is responsible for the majority of road accidents in the country. It includes actions resulting from the driver’s negligence, distraction, or physical challenge, such as loss of control, drunk driving, bad overtaking, bad turning, texting while driving, and overspeeding. According to the Philippine National Police (PNP), human error accounts for eight to nine in every 10 accidents nationwide. Authorities believe the lack of driver’s training contributes to human error. Read more: 7 Reasons Why Attending a Driving School is Worth the Cost Here are top causes of road accidents in the Philippines (in no particular order) based on data from the PNP-Highway Patrol Group (PNP-HPG), Metropolitan Manila Development Authority (MMDA), and Philippine Statistics Authority (PSA). Table of ContentsTop Causes of Road Accidents in the PhilippinesLost ControlDrunk DrivingMechanical FailureLost BrakesOverspeedingUsing Mobile Device While DrivingBad TurningBad OvertakingJaywalkingFinal Thoughts Top Causes of Road Accidents in the Philippines Lost Control Lost control proves to be the most dangerous for both cars and motorcycles in the metro, as data from the recent Metro Manila Accident Reporting and Analysis System[1] shows. In 2018, it killed a person, injured 24 people, and caused damage to property 10 times. Losing control of your car can be the most frightening situation on the road. But it’s preventable. Take control…
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6 Safety Tips When Driving This Rainy Season
- By Moneymax
- July 15, 2019
Did you know that August, September, and October are among the most dangerous months to drive along Metro Manila roads? These rainy months recorded more than 10,000 car accidents in 2018, according to an MMDA report. This data is hardly surprising, as driving conditions during the monsoon season are difficult because of wet roads and low visibility, which worsen traffic conditions. All these factors increase the risk of accidents. Driving safely in bad weather is definitely crucial. Here are some safety tips when driving in the rain you’ll want to take note of. Table of Contents1. Check Your Car Before DrivingWindshield and WipersBatteryHeadlightsBrakesTires2. Drive CarefullyAdjust your Speed to Match the Traffic SpeedSlow Down When Approaching Deep Puddles and CurvesDrive More SmoothlyBeware of Road Hazards3. Use Your Auto Lights ProperlySwitch Your Headlights OnDon’t Use High BeamsDon’t Turn On Your Hazard Lights4. Control Your Car When It’s Skidding5. Keep a Safe Distance From the Other Car6. Avoid Flood-Prone RoadsFinal Thoughts 1. Check Your Car Before Driving Give your car a thorough inspection before you take it out for a drive, especially during inclement weather. Pay close attention to your windshield and wipers, battery, headlights, brakes, and tires. Windshield and Wipers Don’t forget to inspect your windshield and wipers. Your windshield should be free from stains, its wipers must be in good working condition. Battery During the rainy season, car batteries tend to drain quickly because of the prolonged use of the headlights and windshield wipers. When their wiring gets wet, it could lead to a short circuit. Prevent these issues by regularly checking your battery’s condition…
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Got Into a Car Accident? Here’s What You Should Do
- By Venus Zoleta
- July 8, 2019
Even if you do everything to avoid a car accident and drive carefully, there’s no telling if and when you’ll figure in a road crash. Vehicular collision statistics prove how dangerous Philippine roads can be, especially in Metro Manila where many accident prone roads are located. In 2019, Metro Manila recorded 121,171 accidents that led to deaths, injuries, and damage to property, based on Metropolitan Manila Development Authority’s (MMDA) data[1]. Of course, you don’t want to be part of the statistics, but accidents can happen anytime. This is why it’s crucial to know what to do after a car accident before it occurs. Properly handling the aftermath of an accident will keep you safe, prevent the situation from getting worse, and help you make a successful car insurance claim. Always remember to take these steps after getting into a car accident. Table of Contents8 Things to Do After Getting Into a Car Accident1. Don’t Drive Away From the Accident Scene2. Check If It’s Safe to Get Out of the Car3. See If Anyone is Hurt4. Take Photos of the Car Accident5. Move Your Car to the Roadside6. Exchange Information with the Other Party7. Call the Authorities8. Contact Your Car Insurance Provider9. File a Car Accident Report10. Make a Car Insurance ClaimFinal Thoughts 8 Things to Do After Getting Into a Car Accident 1. Don’t Drive Away From the Accident Scene When you figure in a collision, stop your car and never leave until everything has been resolved, even if it’s a minor incident. Don’t move your car to the roadside…
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Killer Highways: 10 Most Accident Prone Roads in the Philippines
- By Venus Zoleta
- July 1, 2019
These days, you might be hard-pressed to think about the danger of driving in the Philippines, mostly because the traffic in Metro Manila has gotten to the point where main roads are congested even in the wee hours. Still, certain roads out there require extra care when navigating through them. Some of these roads are notorious for having high incidences of vehicular collision and fatalities. These roads can be considered some of the most accident prone roads in the Philippines. Table of ContentsEDSATop 5 Accident Prone Areas Along EDSAC-5 RoadTop 5 Accident Prone Areas Along C-5 RoadCommonwealth AvenueTop 5 Accident Prone Areas Along Commonwealth Ave.Quirino HighwayAlabang-Zapote RoadHalsema HighwayKennon RoadOld Zigzag RoadTagaytay-Talisay RoadSampaloc RoadFinal Thoughts EDSA In 2018, EDSA recorded the highest number of accidents—a whopping 17,276 (around 47 incidents per day)—that resulted in damage to property, injuries, and fatalities, based on the MMDA’s Metro Manila Accident Reporting and Analysis System[1]. As the longest and busiest thoroughfare in the metro, Epifanio Delos Santos Avenue (EDSA) is where a high volume of cars passes through, increasing the odds of a collision. Fun fact: the number of accidents on this road reached such a high that MMDA officials had it blessed in 2012, following a bus crash on the EDSA Ortigas flyover. According to the MMDA, most deadly road accidents on EDSA usually occurred before dawn when the road is less congested. Jaywalkers and overspeeding motorists ignore road signs and break traffic rules. Read more: 9 Driving Mistakes That are Most Likely to Kill You Top 5 Accident Prone Areas Along EDSA The MMDA’s latest road safety findings reveal the most dangerous parts of EDSA. Be very careful…
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8 Possible Reasons Your Car Insurance Claim Got Denied
- By Ricky Publico
- June 19, 2019
Now that you have a car insurance, you’re guaranteed financial protection from any car-related damages you might incur on the road. However, a car insurance doesn’t give you the license to act recklessly out there. You can’t just apply for a claim after a car accident and expect to receive money in an instant. Your insurance provider will investigate your accident thoroughly before deciding to cover the expenses or not. And if you got your car insurance claim denied, don’t freak out just yet. There’s probably a good reason why it was denied in the first place. Table of Contents8 Reasons Why Car Insurance Claims are DeniedUnpaid PremiumsPolicyholder’s NegligenceLack of CoverageDeductible AllowanceUnauthorized RepairUnlawful ActivitiesPrior Damage to the VehicleDirect Violation of PolicyFinal ThoughtsGet a Free Car Insurance Quote! 8 Reasons Why Car Insurance Claims are Denied Unpaid Premiums This goes without saying, but your claim will obviously get denied if you still have unpaid premiums. This is why insurance providers recommend paying your car insurance in full. You’d think you’re saving money by choosing a 90-day or monthly payment plan, but that’s not the case. Accidents tend to happen sporadically. They are so random that they can happen during the first few days of your payment plan. If that happens, you’ll end up paying for the repairs yourself, together with the remaining balance of your car insurance. Policyholder’s Negligence Another obvious reason for a denied insurance claim is your negligence. We’ve established earlier how insurance providers investigate your claim before covering the expenses. So if your insurance provider found that you’re…
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LTO Student Permit Application Guide for First-Time Drivers
- By Venus Zoleta
- June 10, 2019
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 permit at the Land Transportation Office (LTO). Here’s a guide to help you with your student permit application. Table of ContentsLTO Online Student Permit Application in GCQWhat is an LTO Student Permit?What’s the Difference Between Student Permit and Driver’s License?Is the LTO Student Permit a Valid ID?LTO Student Permit RequirementsStudent License RequirementsStudent License FeeHow to Get an LTO Student Permit4 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. Never Drive Alone4. Apply for a Driver’s License Before Your Student Permit ExpiresFinal Thoughts LTO Online Student Permit Application in GCQ 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? A student permit, sometimes called student license, is an official document that authorizes the holder to drive a vehicle in the Philippines in the presence of someone with…
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Car Maintenance Checklist to Curb the Summer Heat
- By Ricky Publico
- May 16, 2019
Summer’s here and you’re probably feeling the heat not only at home but also inside your car. With temperatures rising up to 42°C, driving your vehicle can be quite a challenge, especially during daytime. However, it’s not only you that’s suffering. Your vehicle experiences temperature changes as well, which may cause breakdowns and damages. Most of them aren’t visible so it’s important to check on your car before driving under the sun. Keep your car in tip-top shape this summer with this handy car maintenance checklist. Related Article: BLOWBAGETS: 10 Things to Check Before You Drive Table of ContentsCar Maintenance ChecklistCheck your ACChange your oil and oil filterInspect the radiatorPark in shaded placesDon’t forget the batteryBeware of smelly seatsCheck your tiresWatch out for overheatingFinal Thoughts Car Maintenance Checklist Check your AC If you think being stuck in traffic is the worst this summer, think again. Imagine being stuck in traffic at high noon with a broken air conditioner. Sounds like hell, right? This season, ensure that your auto air conditioner is in good condition by doing a system check. Start by feeling the air coming out of the AC and assess how warm, cool, or cold it is. If the air is not too cold as it should be, there’s probably an airflow issue. Ask a car maintenance professional to check your air conditioning system to prevent further inconvenience. Change your oil and oil filter When’s the last time you changed your oil? Take note of your oil changes because car oil works to keep your engine running smoothly. The oil…
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10 Underrated Summer Destinations You Can Travel by Car
- By Venus Zoleta
- May 14, 2019
Listen up, weekend warriors: If you’re planning something different for your road trips this year (and avoid the crowded touristy places), you have a lot of wonderful summer destinations near Manila to choose from. Considerations include your budget, interests, and how far you’re willing to go. Here are some awesome summer destinations in the Philippines you should visit for a quick weekend getaway: Table of Contents1. Republ1c Wakepark (Calamba, Laguna)2. Sabang Beach and Charlie’s Point (Baler, Aurora)3. Pacific Recreation Kamp (Real, Quezon)4. Seven Lakes of San Pablo (San Pablo, Laguna)5. Liwliwa Beach (San Felipe, Zambales)6. Katungkulan Beach Resort (Ternate, Cavite)7. Beach Resorts in Isla Verde, Batangas8. Treasure Mountain (Tanay, Rizal)9. Hilltop View Deck (Norzagaray, Bulacan)10. Governor’s Rapids (Maddela, Quirino)Final Thoughts 1. Republ1c Wakepark (Calamba, Laguna) If you and your friends want to take on an X-Games style adventure without flying all the way to Boracay, wakeboarding at Nuvali is for you. This is perfect for those days when you just want to get out and try something new. There’s also a fairly robust selection of activities for all ages and interests. Wakeboard rental is free at the beginners’ area, but the rental for 8 hours (and that’s run all you want!) is PHP 1,500 per person. Republ1c Wakepark location: West Diversity Boulevard, Nuvali, Calamba, Laguna (via Mamplasan Southbound Exit, Sta. Rosa Exit/Eton Exit, or Silangan Exit) 2. Sabang Beach and Charlie’s Point (Baler, Aurora) Baler is one of the most popular surf spots in the country. Because it’s just five to seven hours away from Manila (via NLEX Balintawak and SCTEX La Paz Exit),…
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Step-by-Step Guide to Car Insurance Renewal in the Philippines
- By Venus Zoleta
- May 6, 2019
Car insurance renewal is the best time to review your policy and make necessary changes to it, so you can save money on car insurance. Unlike when you bought your first policy, you now have a better idea of what you really need for insuring your vehicle. So take it as an opportunity to choose the most suitable car insurance policy for you. Table of ContentsWhen Does a Car Insurance Policy Renew?What to Do Before and During Car Insurance Renewal1. Review Your Policy2. Assess Your Car Insurance Coverage3. Decide on Your Deductible4. Review Your Car Insurance Provider5. Get and Compare Car Insurance Quotes6. Choose the Best Car Insurance Policy and Provider7. Provide or Update Your Information8. Pay for Your Car Insurance Renewal9. Read the Fine PrintFinal Thoughts When Does a Car Insurance Policy Renew? Most car insurance policies last for a year, which means yours will likely renew 12 months from when your policy started. For example, if your policy’s effectivity date is June 1, 2018, its car insurance renewal due date would fall on June 1, 2019. If you can’t remember your insurance plan’s effectivity date, look for it on a copy of your policy. You may also call your insurance provider or broker to ask when your policy is up for renewal. Anyway, the car insurance company will let you know in advance when your policy will expire to help your car insurance renew before it expires. What to Do Before and During Car Insurance Renewal Should I keep my existing policy or shop for a new one? Is…
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Top 15 Fuel Efficient Cars in the Philippines
- By Venus Zoleta
- April 29, 2019
Looking to buy a car? Don’t just look at the selling prices. With the rising fuel prices, fuel economy has become all the more important factor in choosing a vehicle nowadays. The less fuel a car consumes and the farther distance it covers per liter, the better it is for a car owner’s wallet. It simply means less frequent trips to the gas station and the ability to save money on gas. Is the car you’re considering to buy among the fuel efficient cars in the Philippines? Here are the best-performing vehicles in terms of fuel economy, based on data from the Department of Energy. Table of Contents1. Ssangyong RodiusFuel Economy Rating: 33.12 km/L2. Mini CountrymanFuel Economy Rating: 30.64 km/L3. Kia PicantoFuel Economy Rating: 29.23 km/L4. Suzuki CelerioFuel Economy Rating: 29.14 km/L5. Suzuki DzireFuel Economy Rating: 28.40 km/L6. Hyundai AccentFuel Economy Rating: 27.80 km/L7. Toyota PriusFuel Economy Rating: 26.13 km/L8. Toyota ViosFuel Economy Rating: 25.88 km/L9. Peugeot 3008Fuel Economy Rating: 25.39 km/L10. Toyota WigoFuel Economy Rating: 25.19 km/L11. Suzuki Alto 800Fuel Economy Rating: 24.81 km/L12. Honda CR-VFuel Economy Rating: 23.96 km/L13. Honda CityFuel Economy Rating: 23.91 km/L14. BMW X1Fuel Economy Rating: 23.88 km/L15. Suzuki SwiftFuel Economy Rating: 23.27 km/LFinal Thoughts 1. Ssangyong Rodius Fuel Economy Rating: 33.12 km/L Vehicle type: Multi-purpose vehicle (MPV) Fuel type: Diesel Transmission: Automatic Vehicle price: PHP 1.69 million Ssangyong may not be as popular as Korean brands like Kia and Hyundai, but it’s actually the fourth largest car manufacturer in Korea. It also has one of the most fuel efficient cars in the Philippines—the nine-seater Rodius….
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#AskJames: More Car Insurance Questions Answered
- By Ricky Publico
- April 26, 2019
Three weeks ago, automotive journalist and TV host James Deakin joined Moneymax on a Facebook Live session to answer burning car insurance questions from their viewers. While they were able to answer most of the concerns, one hour simply isn’t enough to get through all the questions. And because we don’t like leaving questions unanswered, we compiled some of the best ones and answered them here. If your specific question didn’t make the list, feel free to drop us a message on our Facebook page. Let’s get the ball rolling! Table of ContentsHow long will it take to process my car insurance claim?What are the possible reasons for the delay or denial of my claim?Will my premium for next year increase if I made a claim this year?Is it possible to lower the price of my car insurance?Can I change my coverage whenever I want?Can my car insurance cover interior damage?How is Moneymax different from car insurance companies?Can I purchase insurance through Moneymax if I’m not in Metro Manila?#AskJames Unanswered Lightning RoundWhat is the basis for a total loss claim? Can you provide us a list of insurance companies partnered with Moneymax? Why do insurance companies avoid high-risk owners?Final Thoughts How long will it take to process my car insurance claim? The length of the entire claim process really depends on the specific incident. Ideally, the evaluation of a minor accident should take three to seven days. For more crucial incidents, expect the process to last for a few more weeks. We understand that it can be frustrating at times,…
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BLOWBAGETS: 10 Things to Check Before You Drive
- By Venus Zoleta
- April 15, 2019
BLOWBAGETS stands for battery, lights, oil, water, brake, air, gas, engine, tire, and self. It’s a serious reminder about checking your car to prevent an accident or breakdown (We have the PNP-Highway Patrol Group to thank for this handy mnemonic). Whether you’re heading out on a summer road trip or just driving to work, make it a habit to inspect your car. 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. Table of ContentsBatteryLightsOilWaterBrakeAirGasEngineTireSelfFinal Thoughts Battery Your car won’t start with a dead battery. If your battery dies in the middle of driving, you’ll get stuck on the side of the road. You know how dangerous that is. Before you get in your car, make sure your battery has a strong charge, clean terminals, and proper cable-to-terminal connection. Car batteries typically last for three to four years. Replace yours if it’s almost near the end of its service life. Lights Fully functioning auto lights are a safety must-have for nighttime driving. However, their bulbs burn out or get defective over time. This is why you have to inspect your car’s lights regularly. Test your headlights, turn signals, brake lights, reverse lights, and tail lights in the garage. The light beam should reflect on the wall. To confirm if the lights are working properly, ask…
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Here’s Why You Should Visit the 2019 Manila International Auto Show
- By Moneymax
- April 1, 2019
The Manila International Auto Show (MIAS) isn’t your typical auto show. Car enthusiasts all over the Philippines come together every year in this most anticipated and largest motoring event in the country. Now on its 15th year, the Manila International Auto Show 2019 carries “Experience Fun and Function” as its theme. Looking at its activity lineup, it definitely has the potential to excite and impress car lovers. Still thinking twice about going to this year’s auto show? We’re giving you seven reasons to drive to the event this year. Table of Contents1. Feast Your Eyes on the Latest Car Models2. See Epic Car Club Displays3. Marvel at Custom and Classic Cars4. Be Mind-Blown at Russ Swift’s Stunt Show5. Test Drive Your Dream Car6. Meet Fellow Car Junkies7. Enjoy Exclusive Deals and Promos from Moneymax!Final Thoughts 1. Feast Your Eyes on the Latest Car Models Just like the previous MIAS editions, automotive fans should look forward to the public debut of latest car models at the 2019 event. Be among the first people to view brand-new cars from the largest automakers in the country. Expect the hottest rides from Ford, Jeep, Subaru, Land Rover, Chrysler, Kia, Nissan, Mitsubishi, Chevrolet, Dodge, and more. Will fans get a first preview of Nissan Leaf, the Japanese brand’s top-selling electric car? Will the 2019 Ford Everest be launched at the MIAS? Is the iconic Chevy Camaro really making a comeback in the Philippines? Visit the MIAS to find out. 2. See Epic Car Club Displays Taking car exhibits up a notch at the Manila International…
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Should You Get Car Insurance Through a Bank, Dealer, or Online Broker?
- By Venus Zoleta
- March 25, 2019
Looking for comprehensive car insurance coverage for the vehicle you’re buying? Need to renew your expiring policy? You’re probably wondering where to get auto insurance from. Going directly to top car insurance companies to shop around for the best policy isn’t practical. Neither is randomly picking an insurance firm. The sheer number of choices in the market is overwhelming—there are nearly 70 car insurance providers in the Philippines to choose from, based on the latest Insurance Commission data. Filipinos have three options to get car insurance: through banks, auto dealerships, and online brokerage companies that connect buyers with insurers. Unfortunately, many just settle for convenience, hastily buying comprehensive car insurance offered by banks or dealers that are financing their vehicle. Little do they know that they can find better deals for so much less through car insurance online brokers that partner with top providers. Be an informed consumer. Before you sign up for a policy, find out what you’ll gain and lose from buying insurance through a bank, casa, or online broker. In this article, we compare the three car insurance intermediaries in terms of convenience, the variety of options, costs, and customer service. Table of ContentsConvenienceBanks and Dealers: One-Stop Shop for Buying Comprehensive Car InsuranceOnline Brokers: Convenient Option for Comparison ShoppingCar Insurance CostsAuto Dealers: Priciest Car Insurance RatesBanks: Lower Premiums Than Dealers Yet Still ExpensiveIs the Free First-Year Car Insurance Worth It?Online Brokers: Cheapest Car Insurance RatesVariety of Car Insurance OptionsBanks and Dealers: Too Limited ChoicesOnline Brokers: Enabling Customers to Compare a Variety of InsurersCustomer Service/ReliabilityOnline Brokers: Helpful for Car…
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