Car insurance is an important part of having a car. In the Philippines, with the number of traffic accidents, not to mention the out of control traffic situation, it makes sense to have the right type of car insurance. But what if it is your first time to have a car and you know nothing about car insurance? Here are seven tips that first-time car owners when it comes to getting car insurance.

1. Always check if the company is licensed

Is the company you are dealing with a licensed non-life insurance company? If so, are they allowed to provide auto insurance? It is always a good start to ensure that you are dealing with legit companies.

2. Know the risks that you are exposed to

In order to determine the type of car insurance policy that you are going to get, you also have to understand the different risks that you expose your car to every day. Do you drive or park your car in a flood-prone area? Now that even sporadic rain could trigger flooding in some areas, it helps to have the right type of comprehensive insurance.

3. Know the reputation and the credibility of the company

Aside from knowing if the company is listed or not, you also want to make sure that the car insurance company is known in the industry. Reputation is crucial since you don’t want to deal with a company that won’t be able to handle claims in an efficient manner.

4. Know the types of car insurance coverage

As a first-time car insurance buyer, you want to make sure that you do your research. You always want to learn a bit more about the jargons used especially the types of coverage that you could avail from different companies.

5. Cheapest isn’t always the best

Is the cheapest car insurance always the best? It isn’t always the case. You have to also look into the different factors. Is the company offering what you need? Are they also willing to provide swift action if you are making a claim? These are just some of the things that you also have to consider.

6. Always check the forums and ask for advice from friends

It also makes a lot of sense to look for the opinion of other people. Try asking friends what they think is the best car insurance company. Word of mouth based on other people’s experience can help you decide which company you should go for.

7. Utilize online car insurance comparison sites

Last, it is imperative that you compare the car insurance companies on what they can offer. These days, it can be simplified by utilizing the leading car insurance comparison sites. Online car insurance comparison can help you save time getting the right car insurance policy for your vehicle. Try iChoose.ph to see which company offers the best deal.

For the first time car insurance buyers, it can be a bit tricky finding the right car insurance for you. However, with the right strategy, it is possible to find the right one, and minimize the chances of mistakes. Following these tips, you can have a car that is protected regardless if you are traveling or it is idle in your garage.