Guide to Choosing the Right Car Insurance Policy

Are you thinking of buying a new car?

If you answer yes, then you should consider all the costs of getting one. By this we mean that you can’t just think about the price of the car you will be paying, you need to take into account the costs of fuel, the cost of car maintenance, and (arguably the most important one) the price of a comprehensive car insurance policy.

Trust us when we say that you don’t want to drive around on your car unsecured. You may believe that you are a careful driver, but you really can’t tell what can happen in the future.

So, without further ado, let’s discuss some guidelines that could help you choose the right car insurance policy.

Find out the kind of policy you need

In order to figure out the kind of insurance policy you need, you must consider many factors such as your car, your driving behavior, and the places you would frequent as a driver.

People, who have newer cars, tend to choose a policy that provides a top level coverage for their vehicle. However, if you have a cheaper car and are more worried about the damages you would incur, then it is highly suggested that you a get a policy that will protect you from major liabilities.

Steer clear from fine prints

In most cases, fine prints in insurance policies are a thing of the past. However, you shouldn’t lower your guard just yet.

Before you choose an insurance provider, be sure that they are always willing to disclose important information regarding your insurance to you. More than that, their documentation should be as clear as day. If there is something you do not understand in the policy, then have them explain it to you.

Features and benefits

You should never base your decision on the policy’s price alone. This is because you might lack an important feature or benefit once you sign in. Be sure to review the contract from the beginning.

As already mentioned, you should consider everything that you might need from your insurance company. If you believe you need a certain feature added, then talk to the company in order to tailor fit your policy.

Genuine parts

One of the features you should totally consider getting in your policy is for it to cover replacing your car parts with genuine ones. This is a significant factor because the car market is literally littered with various car parts—and not all of them have been manufactured by the same make and model of your vehicle.

Payment plan

Last but not the least, you should discuss with your chosen insurance company how you are going to pay for the service. Talk about how you plan to spread your payments in a way that will not be a big burden to your wallet. It’s up to you whether you want to do it monthly, quarterly, or even yearly.

Takeaway:

There are several top insurance companies you can choose from in the Philippines. But remember that not all policies are the same and that you have the power to tailor fit it according to your needs.

Once you’re ready to discuss this with your chosen company, keep these guidelines in mind so you know what to expect and ask from them