Risks of Driving Without Car Insurance in the Philippines

Most Filipinos have experienced commuting to work or school using public transport. They know how difficult and stressful it is to ride public vehicles, particularly during rush hours in the morning and evening. With this, many have considered purchasing their vehicles, avoiding jam-packed riding jeepneys, buses, and trains.


Buying a vehicle does not only enable you to avoid the inconvenience of riding crowded public transport, but it also provides you comfort and freedom when traversing through roads to reach your destinations. For this reason, a car is a significant property investment you can incur in your life.


Similar to your other prized belongings, you will want to keep your vehicle for as long as you can. To do so, you will need to conduct regular maintenance and install safety and security accessories that can upgrade its performance. Consequently, you can also protect it further by purchasing a car insurance Philippines policy.


It is a sensible decision for you to insure your vehicle. Having car insurance protects you from the financial woes of an accident. This insurance policy can help you have peace of mind as it can cover payments for any expenses required to fix the damaged property and settle other financial liabilities.

In the Philippines, there are two car insurance types available for vehicle owners: compulsory third-party liability and comprehensive car insurance.

A compulsory third-party liability (CTPL) insurance policy provides you coverage for financial and legal liabilities to third parties. This car insurance policy also enables you to comply with requirements set by the Land Transportation Office for the registration or renewal of registration of vehicles.

On the other hand, comprehensive car insurance Philippines provides more coverage. Apart from giving third-party liability coverage, this type of car insurance financially covers you against loss, theft, property damage, accidental collisions, personal accidents, malicious acts by third parties, fire and explosions, and damages incurred from natural disasters (Acts of God).

Many car owners are already purchasing an insurance policy to protect their investment. Still, others are stubborn at not insuring their vehicles. They argue that an insurance policy is only an expensive liability. Even so, they shake off how imperative having auto insurance is. This infographic from iChoose.ph lists the dangers of driving uninsured vehicles on Philippine roads.

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