10 Best Shops for Car Customization in the Philippines
- By Moneymax
- July 1, 2021
When you were a teenager, you might have drawn this incredible scenario in your head where Xzibit and his Pimp My Ride crew came knocking on your door. They excitedly told you that they would upgrade your dad’s clunker. Such pipe dreams didn’t end there. Because you were also constantly exposed to the capers of the Fast & Furious franchise, you might have even dreamed of becoming part of Dom Toretto’s team, being their getaway driver, and maneuvering one of those modified autos. But who says driving a modified car will only remain a daydream? You can actually find a lot of car modification shops that will help you upgrade the look, feel, and function of your car. They can turn your plain-looking auto into something worthy of being at a car show. Listed below are 10 shops that offer the best car customization in the Philippines. Table of Contents10 Best Shops for Car Customization in the Philippines1. Alex Restoration2. Autoline3. Atoy Customs4. Emperor Motorsports5. Concept One Wheels6. Starbright Bodykits7. Clifford Bodykits8. Tuned In Style9. Autobot Autoworks Off-Road10. Mad Mac Custom Paints and Body KitsFinal Thoughts 10 Best Shops for Car Customization in the Philippines If you’re looking for the best car custom shop in the Philippines, you came to the right place. Here are ten of the best options for car custom shops in the metro. 1. Alex Restoration Your grandfather’s old clunker is the reason that the new Audi is chock-full of bells and whistles, so why not show it some love and get it back into shape?…
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Driving in the Rain? 17 Car Care Tips for the Rainy Season
- By Moneymax
- June 25, 2021
Roughly 20 typhoons visit the Philippines every year. How prepared are you for the typhoon season? Good thing, weather bureaus have sophisticated systems that track the formation of low pressure areas (LPAs) and movements of typhoons. The updates that you get from them should be more than enough to help you prepare for the rainy days. Taking care of your car is just as crucial as protecting lives and your home during a typhoon. After all, it is your means of mobility and even your source of livelihood. Having your car repaired or getting a new one is undoubtedly expensive. So, it’s much better to be proactive rather than reactive. Here are things you should remember to protect your car in the rain, especially during the typhoon season in the Philippines. Table of ContentsHow to Protect Your Car in the Rain: 17 Car Care Tips 1. Drive Safely2. Make Parking in Your Garage a Habit3. Pick a Safer Parking Spot4. Invest in a High-Quality Car Cover5. Avoid Flood-Prone or Flooded Roads6. Keep Electrical Parts Dry7. Get Car Insurance Coverage8. Check All Rubber Seals9. Protect Your Car’s Exterior Paint10. Get Your Car Some Mudguards11. Replace and Clean the Windshield Wipers12. Wash Your Car Before and After the Rain13. Apply Some Windshield Repellent14. Protect Your Car’s Interiors15. Inspect Your Car16. Drive Only When It’s Necessary17. Monitor Weather UpdatesWhat to Do When Your Car Gets Soaked in the RainFinal ThoughtsFind the Right Car Insurance for You Now! How to Protect Your Car in the Rain: 17 Car Care Tips 1. Drive Safely The…
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The Importance of Car Insurance: 6 Benefits for Car Owners
- By Moneymax
- June 9, 2021
You might think that car insurance is just another expense. It might even seem frustrating to realize that you paid a year’s policy, but you didn’t get something in return. Ironically, that is something you should be thankful for. Not making any car insurance claims means you traveled the road safely for the past year. But being safe last year doesn’t mean you won’t face any road mishaps this year. The importance of car insurance is not very obvious for everyone, especially for new car owners and new drivers. However, vehicle insurance gives you a safety net in times of unfortunate incidents. You’ll never know how the car insurance premium you’re paying can secure you, your loved ones, and your vehicle. You may not prevent an accident from happening, but you can protect yourself if or when it happens. Keep on reading to know more about the importance of car insurance and how you can choose the right one for your needs. Table of ContentsWhat is the Purpose of Car Insurance?The Importance of Car Insurance: Why Should I Have One?1. Car Insurance is Required by Law2. It Protects You from Theft3. It Covers Damage Caused by Disasters4. You May Not Have to Pay For Upfront Expenses5. It’s Easy to File a Claim6. Having Your Car Insured Saves You MoneyHow Do I Choose the Right Car Insurance?Determine Your NeedsCompare Car Insurance and Ask AroundAssess Car Insurance Benefits and FeaturesHow Do I Cut Costs on My Car Insurance Policy?1. Check Some Multi-Car Insurance Packages2. Don’t Overuse Your Car3. Drive Responsibly4. Install Anti-Theft…
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Where Should You Get Your Car Insurance: Bank, Dealer, or Broker?
- By Moneymax
- May 19, 2021
Looking for comprehensive car insurance coverage for the vehicle you’re buying? Need to renew your expiring policy? You’re probably wondering where you can get decent auto insurance in the Philippines. A car insurance buying guide would really be helpful right about now. 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 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 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 car insurance buying guide, we compare the three insurance intermediaries in terms of convenience, the variety of options, costs, and customer service. Table of ContentsCriteria #1: ConvenienceBanks and Dealers: One-Stop Shop for Buying Car InsuranceOnline Brokers: Convenient Option for Comparison ShoppingCriteria #2: Car 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 RatesCriteria #3: Variety of Insurance…
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Step-by-Step Guide to Car Insurance Renewal in the Philippines
- By Adji Hendrawan
- May 10, 2021
Need to renew your car insurance? This 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. Here’s a complete guide on how to renew car insurance in the Philippines. Table of ContentsWhen Should I Renew my Car Insurance Policy?How to Renew Car Insurance in the Philippines1. 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 Should I Renew my Car Insurance Policy? 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, 2020, its car insurance renewal due date would fall on June 1, 2021. If you can’t remember your insurance plan’s effectivity date, look for it on the copy of your policy. You may also call your insurance provider or broker to ask when your policy is up for renewal. How to Renew Car Insurance in the Philippines Should I keep my existing policy or shop for a new one? Is it time to change my car insurance…
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9 Possible Reasons Your Car Insurance Claim Got Denied
- By Ricky Publico
- April 22, 2021
Now that you have auto insurance coverage, you’re guaranteed financial protection from any car-related damage you might incur on the road. However, 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 evaluate your accident thoroughly before deciding to cover the expenses or not. If you got your car insurance claim denied, don’t freak out just yet. There’s probably a good reason why it was rejected in the first place. Table of Contents9 Reasons Why Car Owners Get Their Car Insurance Claim Denied1. Unpaid Premiums2. Policyholder’s Negligence3. Lack of Coverage4. Auto Insurance Policy Exclusions5. Deductible Allowance6. Unauthorized Repair7. Unlawful Activities8. Prior Damage to the Vehicle9. Direct Violation of Car Insurance PolicyWhat to Do When You Get Your Car Insurance Claim DeniedFinal ThoughtsGet a Free Car Insurance Quote! 9 Reasons Why Car Owners Get Their Car Insurance Claim Denied 1. Unpaid Premiums 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’re 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. 2. Policyholder’s Negligence Another obvious reason for a denied car insurance…
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Top 10 Reasons Filipinos Don’t Get Insurance
- By Moneymax
- April 20, 2021
According to the Philippine Life Insurance Association, Inc., fewer Filipinos were covered by microinsurance—which is a much more affordable policy option—as September 2020 ended. Sales dropped by 33.23% from PHP 6.58 billion in 2019.[1] The decline might have been caused by the pandemic. But it also goes to show that some people, even if they’re financially able, may still be averse to the idea of getting insurance. Some don’t consider purchasing a policy, whether it’s life insurance or Compulsory Third-Party Liability car insurance cover, unless necessary. Insurance is actually beneficial for everyone, as it helps offset costs for a lot of expenses, from school fees to medical bills. Still, one can’t help question why a lot of Filipinos avoid insurance. Table of ContentsTop 10 Reasons Filipinos Avoid Insurance1. “I don’t have enough money.”2. “Bahala na!”3. “I still have a lot of time.”4. “I don’t understand it.”5. “It’s a scam.” 6. “There’s a lot of work involved!”7. “It’s not considered an investment, right?”8. “I’m still healthy.”9. “It’ll just invite more risks.” 10. “I’m already paying for government-mandated benefits.”Why You Should Not Avoid InsuranceLess Upfront ExpensesLess Stress, Less HassleConvenient Claims ProcessFinal ThoughtsGet a Free Car Insurance Quote! Top 10 Reasons Filipinos Avoid Insurance Here are the most common reasons people are still not getting an insurance policy, whether it’s for car, life, and property. 1. “I don’t have enough money.” This is the common statement that a lot of financial advisors and insurance agents hear from their potential clients. It may sound like an excuse, but it could be a real one. A…
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What is Roadside Assistance and Why Should I Get It?
- By Adji Hendrawan
- April 13, 2021
When shopping around for car insurance, one of the terms you’d often encounter is roadside assistance. It’s common, but what exactly is it? And how can it help you when you’re on the road? Here are the essential facts you need to know when deciding if you should get roadside assistance in the Philippines. Table of ContentsWhat is Roadside Assistance in Car Insurance?What Does Emergency Roadside Service Cover?Roadside Assistance Benefits and ServicesShould I Get Roadside Assistance Coverage?1. Less Hassle While Driving2. The Danger of an Overheating Engine3. Avoid Expensive Repair Bills4. Peace of MindWhat to Consider When Getting This Kind of Coverage1. Your Vehicle’s Age2. How Often You Drive3. Where You DriveHow to Get Roadside Assistance Coverage in the PhilippinesWhich Car Insurance Companies Provide Free Roadside Assistance?Get a Free Car Insurance Quote!Final Thoughts What is Roadside Assistance in Car Insurance? Roadside assistance is a car insurance add-on that provides professional services to policyholders when their vehicle breaks down or figures in an accident. If your insurance policy has this coverage, you just have to call your provider’s assistance hotline to get help during a roadside emergency. Depending on your needs, the car insurance company may send a tow truck to move your car to a repair shop or a technician to perform a minor repair like changing a flat tire or jumpstarting your battery. What Does Emergency Roadside Service Cover? The services that make up road assistance programs vary from one car insurance provider to another. But there are commonly available services for covered vehicles. Roadside Assistance Benefits and Services Vehicle Assistance…
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Brand New or Second Hand Car: Which is the Right Vehicle for You?
- By Ricky Publico
- April 6, 2021
Prices of brand new cars in the Philippines have gone up, following the higher excise taxes imposed by the TRAIN or tax reform law. And with a global pandemic affecting everyone’s financial capabilities, it’s now easier to choose between a brand new or second hand car. Because of this, second hand car dealers are expecting more Filipinos to turn to the used car market, at least for the next three to four years. It makes sense—with a limited budget, your choices could as well be limited to the affordable options. Used cars are obviously the cheaper alternative, but is it really wise to buy a second hand car than a brand new one? Or is it the other way around? The right choice varies from one car buyer to another. Table of ContentsBrand New or Second Hand Car: Comparing the CostsToyota WigoToyota ViosHonda CityMitsubishi XpanderFord Ranger5 Reasons to Buy a Second Hand Car1. You Can’t Afford Your Desired Model2. You Prefer to Pay in Lump-Sum Cash3. You Want to Buy a Phased-Out Model4. You Want Lower Car Insurance Costs5. You Plan to Resell the Car in the Future5 Reasons to Buy a Brand New Car1. You’ll Purchase via a Car Loan2. You Need a Car ASAP3. You Don’t Want to be Bothered with Frequent Repairs and Maintenance4. You Want to Save Money on Gas5. You Have No Plans of Reselling the CarFinal ThoughtsCompare Car Insurance Quotes with Moneymax! Brand New or Second Hand Car: Comparing the Costs Before we split hairs between new and used cars, let’s find out what they’re…
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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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How to Get Car Insurance for Second Hand Vehicles
- By Adji Hendrawan
- 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 Adji Hendrawan
- 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 2022
- By Adji Hendrawan
- 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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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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Best Car Apps for Drivers and Car Enthusiasts
- By Moneymax
- January 27, 2021
You spend a lot of time in your car. Whether you’re driving to work, dropping your mom off at the grocery, or going on a road trip, you cannot deny that your trusty auto has become an extension of yourself. To make the most of your car, you need to completely integrate yourself into it. Thanks to technology, you will never have a hard time doing that. These days, you can create a personalized digital ecosystem that will help make driving seamless and efficient. And to turn your car into a fully functioning extension of yourself, you need to use the right car apps. The right applications will also aid in car maintenance, which in turn will help you save a lot of money. We have listed down some of the best car apps for drivers and car enthusiasts like you. Table of ContentsBest Car Apps for NavigationWazeGoogle MapsBest Car Apps for DrivingSpeed TrackerDrivemodeBest Car Apps for EntertainmentSpotifyYouTube MusicAudibleBest Car Apps for ParkingParkifyBest Car Apps for Utilities and MaintenancePricelocqGasoline Station Locator (Shell Motorist App and Caltex Station Locator)AutoSweep RFIDDrivvoMotolite RES-QBest Car Apps for Car-Driver IntegrationAndroid Auto or Apple CarPlayGet a Free Car Insurance Quote from MoneymaxFinal Thoughts Best Car Apps for Navigation Waze Driving is never the same with Waze. Imagine being a driver in the ‘90s when you have to rely on your foldable map when navigating unfamiliar roads. On top of that, you will have to stop every now and then just to make sure that you’re reading the map right. Waze suggests the best possible routes, and…
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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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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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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…
