September 27, 2017

Car Insurance Benefits That You Need to Consider When Buying an Auto Insurance

Some say that having a car is not an investment because the value of the car depreciates from the moment it leaves the car shop. Aside from that, there are so many expenses that you need to consider if you have a car like fuel, parking fee, toll fee, maintenance fee and car insurance.

Read: 5 Things To Consider when Buying a Family Car 



Yes, having a car insurance is very important because we cannot predict the future and no matter how careful we are, accidents happen on the road. It is an additional cost in your pocket but you never know when you need so it is better to invest in insurance. There are so many auto insurance in the market, in fact, whenever you register your car you need to pay for insurance. But of course, the coverage is very limited so you get what you pay for.

Read: Car Insurance 101

Buying car insurance is not cheap, it depends on the coverage and also on your car. If you ask me if the insurance fee is worth it, my answer is yes, because when my husband had an accident several years ago we did not pay anything for the repair. We only paid for the towing fee. Good thing my husband was safe but it took them 2 months to repair the car. We’ve experienced two minor accidents and the insurance company shouldered everything.

If you are planning to buy car insurance, it is very important that the insurance covers the “Acts of God Protection”, I remember the typhoon Ondoy, we attended an event and on our way home, the SLEX was already flooded but my husband tried to cross the flood. We were able to pass the flood but when we arrived home, my husband checked the car mat, it was damp. The car had been checked and fixed and paid by the insurance company.

Anyway, if you still remember my post about my Schengen Visa Application. I bought our travel medical insurance online. While browsing Malayan Insurance site, I noticed that they are also offering other insurances including car insurance. Just like the travel medical insurance, you can get a quotation online and you can also buy online. Check it here.

Read: Where to Buy Travel Medical Insurance for Schengen Visa Application

If you want to invest in auto insurance, make sure that you have these benefits. These are the car insurance & car insurance policy coverage of Malayan Insurance

1. Automobile Loss/Own Damage
2. Third Party Liability
3. Auto Personal Accident
4. Acts of God Protection
5. Riots, Strikes, & Civil Commotion Coverage
6. Standard Automobile Accessories Protection
7. Optional Valuable Accessories Protection
8. Loss of Use
9. 160 Accredited Repair Shops

Malayan Insurance Facebook Instagram Website 

10 comments:

  1. We don't have a car (yet? lol). I'd ask Dane sometimes, "lab, magkaka-car kaya tayo?" haha! Unahin na muna namin insurance sa sarili namin tapos hopefully, bahay. And then maybe, by that time, we can already consider getting a car. Pero in case we get one, I'll definitely get a car insurance.

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    1. One step at a time, at least you know your priorities. :)

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  2. I liken a car to another baby. Insurances, maintenance and gasoline, not to mention registration... I got my Motor Vehicle insurance from work, hence lower premium plus free Act of Nature (I do not want to call it Act of God 😁) at special corporate rate.

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    1. Agree, parang baby na marami gastos. Lucky you, lower premium, ang mahal pa naman ng insurance depende pa sa unit.

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  3. Hmm now that you've posted about this, I just realized we haven't checked our car insurance's validity. That's very important. Lalo na these days when so many drivers are reckless and even if you're careful, you can still get into minor accidents.

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    1. Agree, even you are careful you might get minor accidents.

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  4. I believe in car insurance. Perhaps because my mom is into insurance and I have seen the many perks of it. Somehow when you drive, you feel safer knowing that an insurance may help you with the expenses should in case you got hit or worse, nacarnap si car.

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    1. True, naexperience ng kakilala ko yung carnap, good thing they have insurance.

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  5. Car insurance is a must when you have a car. sometimes kasi people dont care about car insurance if the car is old na... but i still think its important since you dont know what might happen e.

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    1. Yes, pag old na yung car parang no value na kasi kaya ayaw na ipainsured. But insurance is really important.

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