The Top Car Insurance Myths in the Philippines Debunked

The Top Car Insurance Myths in the Philippines Debunked

Welcome to the topic “The Top Car Insurance Myths in the Philippines Debunked”

Car insurance is an essential aspect of car ownership in the Philippines, but it can be difficult to separate fact from fiction when it comes to insurance policies. In this article, we will debunk some of the most common car insurance myths in the Philippines.

Myth #1: Comprehensive car insurance is too expensive.

Many car owners in the Philippines assume that comprehensive car insurance is too expensive and opt for a basic policy instead. However, comprehensive insurance is often more affordable than people realize. It provides coverage for a wider range of incidents, including theft, fire, natural disasters, and vandalism, which can save car owners a lot of money in the long run.

Myth #2: Insurance companies will automatically raise your rates after an accident.

It’s a common belief that if you get into an accident, your insurance rates will automatically go up. While this is true in some cases, it’s not always the case. If you have a good driving record and it’s your first accident, your rates may not go up at all.

Myth #3: Your insurance will cover everything in an accident.

Many people assume that their insurance will cover all costs associated with an accident, including repairs and medical bills. However, this is not always the case. Depending on your policy, you may have a deductible that you need to pay before your insurance kicks in. Additionally, your policy may have limits on the amount of coverage it provides for certain types of expenses.

Myth #4: You don’t need car insurance if you’re a safe driver.

While being a safe driver can certainly reduce your risk of getting into an accident, it doesn’t eliminate the need for car insurance. Even the safest drivers can get into accidents due to factors beyond their control, such as weather conditions or other drivers on the road.

Myth #5: All car insurance policies are the same.

Not all car insurance policies are created equal. Different policies provide different levels of coverage, and it’s important to understand what you’re paying for. Make sure to read the fine print and understand exactly what your policy covers and what it doesn’t.

Myth #6: Your insurance will cover your car’s full value in case of theft or total loss.

Many car owners in the Philippines believe that their insurance will cover the full value of their car in case of theft or total loss. However, this is not always the case. Your insurance company may only provide coverage up to a certain amount, which may be less than the actual value of your car.

Myth #7: You don’t need insurance for an old car.

It’s a common misconception that you don’t need insurance for an old car. However, even if your car is old and has a low value, you still need insurance to protect yourself in case of an accident. Additionally, many insurance policies provide coverage for incidents beyond accidents, such as theft or vandalism.


In conclusion, there are many myths surrounding car insurance in the Philippines. It’s important to do your research and understand exactly what your policy covers and what it doesn’t. By debunking these myths, you can make informed decisions about your car insurance coverage and protect yourself in case of an accident.


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Perla Insurance is concerned about our client’s well-being, as it always has been. As the Philippines’ best insurance company, we strive to meet our customers’ needs by delivering nothing less than the best auto insurance.

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Also Read: The Most Common Car Accidents in the Philippines and How to Avoid Them

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