3 Things You Need To Consider When Choosing Your Car Insurance

Having cars nowadays is considered a basic need due to the difficulty of transportation in the country. Today, owning a car is made easy with a lot of promotions from various car dealers which include low down payments and monthly installments. Now that you have your own vehicle, the next step is to get a car insurance policy in the Philippines. The reason being is to protect yourself, your car, and others in case of any untoward incident. Driving around the Metro can be dangerous at times and although road accidents cannot be prevented no matter how cautious and vigilant we are, at least we can lessen its effect in case of a mishap.

There are a lot of car insurance in the Philippines and choosing the best one is quite a challenge. I have listed 3 things you need to consider when choosing your car insurance.


Follow The Rules And Know Your Rights
Did you know that every car owner needs to get a Compulsory Third Party Liability Insurance before you can register your car with the Land Transportation Office (LTO)? As a car insurance holder, you have certain rights that you must be aware of.  The legal basis of all insurance policies is the  Republic Act No. 10607 also known as the Amended Insurance Code 2013. With this code, you will know the types of insurance products that can be offered as well as their coverage.


Learn About The Coverage And Types Of Insurance
In choosing your car insurance provider, take time to compare the perks including the coverage before signing up for anything. If you can, try to maximize or stretch your benefits so you get your money’s worth. CTPL has a limited coverage and will not be enough to cover financial liabilities like physical damage to the vehicle or physical injury.  For this, you need to have a Comprehensive Car Insurance. This type of insurance has a wider coverage that includes physical damage to the car brought about by collision, fire, accident-related repairs, and acts of Gods like floods, typhoons, earth earthquakes, and fire,


Work Within Your Budget
Learn to budget what you have and don’t go beyond what you can afford. Otherwise, this will lead to a financial problem which can lead you to lose your investment including your car. Keep in mind that if you can afford your car's monthly amortization, you must also have the budget for a car insurance policy.


Don't be too overconfident with your driving skills and don't take road safety for granted. But don't let fear rule your world either. If you have a reliable car insurance company, you can sleep soundly because you know that your car insurance policy is dependable.

Malayan Automaster insurance comes with many perks including automobile loss including own damage, third party liability, auto personal accident, acts of God protection, standard automobile accessories protection, and accredited repairs.