5 Tips to Learn Before Getting Car Insurance

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Are you one of the people working hard to buy their very first vehicle? Or perhaps you already saved enough to make the purchase? If you answer ‘yes’ to the second question, then congratulations! You’ve earned it!

Car Insurance

Car Insurance
Car Insurance

However, as you enter this exciting milestone in your life, don’t forget that buying an automobile entails a few responsibilities—one of which is getting a comprehensive insurance for your car.

Some might say that you don’t really need one, but others disagree. They are adamant that getting one will bring you peace of mind. After all, you never know what could happen. To help you with this endeavor, here are 5 tips for you to learn.

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Your Insurance Must be Comprehensive

In the Philippines, there’s this thing called “Comprehensive Motor Vehicle Insurance.” Basically, it means that a car insurance policy must cover the costs of the following:

  • Acts of Nature (tropical storms, flash flood, earthquake, etc.)
  • Auto Personal Accident
  • Property Damage
  • Excess Bodily Injury
  • Theft/Own Damage

If you are planning on getting car insurance, be sure to opt for a comprehensive one.

Compare Insurance Companies

As someone looking for a car insurance, the next thing you should do is compare the companies offering you one. Never make the mistake of immediately accepting the first insurance that comes your way.

It would be ideal if you could do proper research to see which company could provide you with the best rates. In addition, you need to check their payment terms and regulations to see which one would be most agreeable to you.

Review Your Driving Habits

You must be wondering why reviewing your driving habits is included in this list. But it is actually an important step because it could determine how much coverage you really need in your car insurance. Additionally, insurance providers are also curious about this. In fact, some of the questions they might ask you are:

  • How often do you drive?
  • Where do you drive most of the time?
  • Are you driving for business or personal reasons?
  • Do you let other people drive your car?

Try to Get Some Discounts

Not many people are aware of this, but a few car insurance companies actually provide discounts. To receive them you would need to comply to a certain condition, such as:

  • Having a clean driving record
  • No speeding tickets
  • No unpaid insurance claims
  • Installing a security or safety equipment in your vehicle

Review the Policy

Once you’ve chosen a policy, you must review it once again.

Don’t skip this important step because this is when you could verify if it is really a good fit for you. For instance, you might find out that your insurance company is only willing to replace your original parts with “aftermarket,” “new factory,” or “like kind and quality parts” which would not work for you since you might be planning to own your new car for a long time.

Takeaway

As you can see, having a comprehensive car insurance in the Philippines is a must. You never know what could happen in the future. You would want to have some peace of mind and getting an insurance that is the right fit for you will provide you with just that.

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