car insurance

Tips to Save Money on Car Insurance

Welcome to the topic “Tips to Save Money on Car Insurance“.

Here are some things to think about and ideas to rebuild your policy while saving money on auto insurance premiums:

Make a comparison.

Request assistance from your insurance agent in obtaining quotes from at least three different insurance companies. Give comprehensive and exact information when requesting a quote or filling out an application form, as premium prices are based on this information. Tariff rates set by the Philippines Insurance Rating Association (PIRA) and approved by the Insurance Commission serve as a guide for insurance businesses. Private and commercial automobiles have different rates.

Examine the price of insurance.

When buying a new or used car, make sure to factor in the insurance cost. As a general rule, the more expensive and high-performance your vehicle is, the greater the insurance premium you must pay. Buying a luxury car, sports car, SUV, four-wheel drive, or a diesel-powered vehicle is exciting, but it also means paying more for insurance. Because the complicated and intricate parts that make up most hybrids cost more to replace than traditional parts, hybrids often cost more to insure than a typical four-door sedan.

Examine the policy details.

Check the accuracy of the information you previously provided to the insurer when obtaining your insurance policy because it was used to determine your rate. Take note of whether your car is classified correctly – private or commercial – as well as the make and model, mailing or home address, and the coverage you have agreed to. Compare it to the estimate that you already approved. Check to see if your CTPL (Compulsory Third Party Liability) policy is still active, as the government requires it (PD612, Chapter VI).

car insurance
Tips to Save Money on Car Insurance

Increase your deductibles if possible.

The deductible is the amount you contribute or pay before your insurance provider pays the rest. Review your existing deductibles to see if you may lower your premium. The typical deductible for commercial automobiles is 1% of the insured amount with a minimum of P3,000, whereas private vehicles have a 0.5 percent deductible with a minimum of P2,000. You must pay this sum before your vehicle is released from the repair facility. You can lower your premiums by raising the deductible if you think you can afford to absorb a larger amount of your loss in the event of an accident involving your vehicle.

Check the insurance company’s service, dependability, and financial stability.

A premium should not be the only consideration when choosing the correct insurance provider. You buy insurance in order to get assistance when you meet an accident. Buy from an insurance company you can trust to provide you fast and personalized service, like Perla Insurance. On the Insurance Commission’s website, you can also see the ranks of the authorized non-life insurance businesses. The financial stability and track record of organizations that can settle claims fairly, efficiently, and quickly are more significant than the insurance price.

Select terms for payment

You will save even more money if you pay your subscription in full. Some insurance brokers will accept installment payments; however, you will be responsible for additional financing costs if you extend the payment terms. A word of caution, however: if you use your credit card to pay for the entire premium and then pay them with a credit card company in installments, you will negate the goal of saving.

Auto insurance is required whether you own a car, lease a car, or drive someone else’s car. Not only are some forms of coverage required in most jurisdictions, but the appropriate type of vehicle insurance might save you money if your car is stolen, damaged, or, worse, if you cause a crash that injures you or others. That’s why Perla Insurance ensures that you save money on your car insurance without compromising anything.

car insurance
Tips to Save Money on Car Insurance


Stay up to date on vital topics related to car safety and insurance in the Philippines by visiting our YouTube channel, ‘Perla Insurance.’

We address often asked concerns through our simple animated videos from our new “Perla Cares” series. This is to keep our viewers informed. We want to make this essential information more accessible to the general public from a reliable source. Such as a well-trusted insurance company in the Philippines.

We also encourage our viewers to offer comments on topics they’d like to see covered in future videos. We want to make sure they’re getting the knowledge they require.


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We’re also available to assist our community with any insurance-related inquiries.

If you choose to avail of our services, please reach out to us via Facebook. Our team will be pleased to provide you with extra information. They will lead you through the process, and explain the technique in greater depth.

Perla Insurance is proud to be one of the best car insurance companies in the Philippines. We not only provide the best car insurance, but also pride ourselves in our fast and personalized claims servicing. This is whether you choose TPL Insurance or Comprehensive Insurance.

Both our TPL Insurance and Comprehensive Insurance packages will set your mind at ease when it comes to the protection and safety of your vehicle, yourself, and your loved ones.

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. We deliver nothing less than the best auto insurance.

We strive to provide the highest level of service quality and the most benefits possible. This is to ensure that you receive the best return on your investment.

Because Perla Insurance is synonymous with high-quality insurance. The top insurance company in the Philippines guarantees both assurance and service excellence with all our customers.

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