Accidents can happen regardless of how skilled a driver is. Having car insurance is the best way to manage risk. Its main purpose is to protect you from unexpected expenses in case your car gets damaged or stolen, or in case anyone riding your car gets injured. With car insurance, you don't have to spend thousands on repairs or hospital bills. The extra protection gives you peace of mind every time you hit the road.
In cases of a vehicular accident, you can file a claim with your insurance provider for repairs or other forms of indemnification. Learn more about the steps and requirements for claiming car insurance at this page where you can locate the car insurance contact details.
Car insurance provides financial protection for vehicle owners, especially in cases where cars are involved in accidents, bodily injuries, and theft. Learn more about how car insurance works at this page.
Compulsory Third-Party Liability insurance (CTPL) is an insurance cover required by the Land Transportation Office (LTO) for all vehicle owners when they register a vehicle. Learn more about what CTPL insurance covers at this page.
Comprehensive insurance offers greater protection than CTPL insurance. It provides car insurance coverage for accidents that are not the result of a collision, such as flooding, theft, or fire. Learn more about comprehensive car insurance at this page.
It may be tempting to save money by sticking to CTPL insurance but getting comprehensive coverage will keep you from spending thousands of pesos on repairs if your car gets damaged. Here some basic tips to help save you money when getting a policy:
Choose a cheaper car
Insurers consider the make and model of your car as indicators for repair and replacement costs. The more expensive your car is, the higher you pay for your premiums. If you are yet to buy car insurance and wish to lower the cost, you might want to consider buying a more economic vehicle.
Keep a good driving record
Insurers partially base your risk level on your claims history and your driving record. If you've kept a good driving record, you are automatically entitled to discounts on car insurance rates. To make it simple, inexpensive car insurance can be a reward for careful driving.
Install safety equipment in your car
Get substantial insurance discounts by fitting your car with safety features such as driver alarm and anti-theft devices.
Pay your premiums annually
Paying your premium in an annual lump sum may reduce the car insurance average cost, as well as your car insurance deductible. Some insurers often charge you with additional fees if you choose to pay your premium on a monthly basis.
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