Pls Suggest Car Insurance Companies

[derf8666]

BPI MS is legit, and the premium of 12,500 is quite okay for a 7-year old xtrail, assuming a fair market value of around 400k-450k.

[derf8666]

Please help sa pag pili, for almost the same premium, which would you rather have:

Own Damage/Theft & AOG * 550,000 insured each
Injury, Property Damage, Passenger * 100,000 insured each

VS.

Own Damage/Theft & AOG * 450,000 insured each
Injury, Property Damage, Passenger * 200,000 insured each

TIA!

It would depend on the fair market value of your unit. It would be useless to insure it for a high amount because the insurance will not pay you that amount in case of a total loss if the fair market value of the unit is found out to be substantially lower than the insured amount. Some insurers in fact will not accept overinsured vehicles, although there are some which still do. Try to negotiate for the lowest possible comprehensive coverage at their best rate. Or you can probably look around some more if youre not in a hurry.

[leodawesome]

BPI MS is legit, and the premium of 12,500 is quite okay for a 7-year old xtrail, assuming a fair market value of around 400k-450k.

Thanks boss. Anyway, I'm just curious as to why my previous insurance quoted me a very high premium (Own damage palang 11k na ang premium, totaling to 18.5k lahat, compared to BPI MS na 12.5k lahat na), even though its insured amount was lower. Possible ba to, or I smell a mini scam from this insurance?

[derf8666]

Cant really say that its a scam. They just happened to charge you higher. Negotiable naman kasi ang premium sa insurance. Some insurance companies kasi they do not like motor car businesses kasi mataas usually ang loss ratio. So they charge higher, take it or leave it. Or they may have packaged it with other coverages that may not be necessary but could be beneficial to some extent. Some companies naman are willing to take the chance para lumaki portfolio nila. Motor car insurance kasi ang pinakamadaling ibenta. Most people are willing to insure their cars but not necessarily their other properties.

[fishtaken]

Hi All,

Newbie here, first time na bibili ng car, 2013 Lancer EX 1.6L M/T , and kukuha ako ng in house insurance at ang quote nila sa akin is 27,304 Comprehensive Insurance with Acts of Nature Coverage and 3 years TPL. Fair po ba yung binigay sa akin?

Thanks!

[Retz]

Magkano ba price ng ex lancer mo sir?


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[fishtaken]

825,000 SRP pero nakuha ko lang sya for 749,000.

Thanks!

[Retz]

^

Mahal yan sir. Pero no choice ka change ka na lang ng ibang insurance company pagnatapos na contract policy


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[leodawesome]

Hindi pa sagot ng casa insurance? Baka kaya pa ma haggle :D

[20santafe14]

825,000 SRP pero nakuha ko lang sya for 749,000.

Thanks!

Baka kaya tinaasan premium mo kasi anlaki nadiscount mo sa car sir. Almost 100k