Narrow sidewalks, unfriendly roads, steep footbridges, over 107 million people and loose road traffic laws. With these in Philippines, road trips are no better than stepping into a mayhem with glass in your hands. In lieu of this, it’s essential to plan a car insurance Philippines to avoid any losses afterwards. After all, you can’t always know the other vehicle in spite of how careful you are while driving.
Car Insurance Philippines
Philippine Laws require all vehicle owners to purchase a Compulsory Third Party Liability (CTPL) insurance to register or renew their vehicles. For additional protection cover, a Comprehensive Insurance can also be purchased with it. Comprehensive Car Insurance can also be purchased as Third-Party Property Damage Insurance, Third-Party Fire & Theft Insurance.
Another factor that comes is while choosing an appropriate insurance provider. So, here we list 5 of the best car insurance Philippines service providers. Check out which one suits you.
1. BPI/MS Insurance Corporation
BPI/MS is a joint venture of the Bank of Philippines, a member of Ayala Group of Companies and Japan’s Mitsui Sumitomo Insurance Company. Their car insurance services in the Philippines include low premium rates, affordable auto protection and hassle free payment process. They provide CTPL and Comprehensive Car Insurance in different categories. Along with motor insurance, the Philippines-based company also features insurance schemes for Fire, Marine, Travel, Personal Accident, Travel and Engineering.
Address: 11th, 14th & 16th Floors, Ayala Life-FGU Center Building, 6811 Ayala Avenue, Makati City, Philippines
2. MAPFRE Insular
Established in 1934, MAPFRE regularly features in the list of top 5 non-life insurance companies in Philippines. It offers insurance both for individuals and businesses. Their additional services in car insurance like VIP Fast Track, Auto Rapido, Road Assist and Security Glass Etching sets them apart from other insurance providers. And of course, with their reputation in providing emergency assistance and quick claim processing, you can count on them.
Address: Acacia Avenue, Madrigal Business Park, Ayala, Alabang, Muntinlupa City, Philippines
3. Standard Insurance
The 2016 award winner as best non-life insurance company of 2016, Standard Insurance strives to facilitate the insurance services to Filipinos. Its umbrella covers plenty of insurance products and emergency assistance services. The Standard Motor Car Insurance includes CTPL, damage, theft, excess bodily injury, Acts of Nature Coverage, Third Party Property Damage and PA Rider.
Address 31/F Petron MegaPlaza Bldg., Sen. Gil Puyat Ave. Makati City, Philippines
Phone: 845-2147 / 889-7795
4. Prudential Guarantee
With their 365x24x7 assistance services, Prudential Car Insurance has secured many people of road emergencies. Prudential Auto Insurance Products include Free Vehicle Retrieval Service, Free Towing Service, Free Vehicle Breakdown Service, Free Ambulance Service, Free Emergency Message Relay Service and Free Alternative Overnight Accommodation. What makes their insurance different from the rest is their high-end assistance blended with a personal touch. So for reliable car insurance Philippines, Prudential is a good choice.
Address: COYIUTO HOUSE, 119 Carlos Palanca, St. Legaspi Village, Makati City, Philippines
5. Alpha Insurance
For past 55 decades, Alpha Insurance has been providing various non-life security covers to Filipinos. For car insurance in the Philippines, the company offers CTPL, LD (Loss/Damage), BI (Third Party Bodily Injury), PD (Third Party Property Damage) and Unnamed personal accident covers. Each of the covers is further classified into three categories – Private Vehicles, Commercial Vehicles and Land Transportation Operators.
Address: 1025, San Marcelino Street, Ermita, Manila, Philippines
You understand the rules but the vehicles don’t neither do the roads on which they run. So, it’s always good to secure your automobile property with these Philippine-based car insurance service providers. If you want to recommend a car insurance Philippines company, please add comments below. Happy Driving!