Comparisonsmaster
The Best Car Insurance Options for Seniors
Related Topics (Sponsored Ads):
The following are the best car insurance providers for the elderly in the Philippines:
The following are the best car insurance providers for the elderly in the Philippines:
MAPFRE Insular
MAFRE Insular is one of the most highly capitalized and leading non-life insurance companies in the country, and their car insurance service is considered among the best as well.
It offers car insurance from the basic (Compulsory Third Party Insurance) to the most comprehensive, as the name suggests, Auto Comprehensive Plus. On top of all your basic coverage needs, the Auto Comprehensive Plus also features Acts of Nature (AON) coverage, which includes protection from natural calamities such as earthquakes, typhoons, and floods —definitely perfect for the Philippines.
Coverage:
• Maximum Total Sum Insured: Php 5 million
• Accredited Repair Shops: 365
• Casa Eligibility: 10 years
Malayan Insurance
Another leading non-life insurance company in the country is the Malayan Insurance Co., Inc. which was founded in 1970. Along with a great insurance protection service, it also promises a fair and timely claims settlement.
The Malayan Automaster offers a comprehensive insurance policy that protects your finances against accidents, including natural calamities and other vehicle damages. It is also the first insurance company in the Philippines to provide a reimbursement of Php 500 a day, up to 15 days, for your transportation expenses while your car is being repaired as a result of an accident covered by the policy.
Coverage:
• Maximum Total Sum Insured: Php 7.5 million
• Accredited Repair Shops: 58
• Casa Eligibility: 3 years
Mercantile Insurance
Mercantile has been in the industry for 57 years now, and truly, it’s one of the leading firms in the country and is considered among the fastest-growing companies in Asia. Its Motor Car Insurance policy features free auto passenger accident insurance coverage for at most five individuals. In addition, it covers other modes of transport like motorcycles, scooters, buses, trailers, along with many others.
Coverage:
• Maximum Total Sum Insured: Php 5 million
• Accredited Repair Shops: 77
• Casa Eligibility: 10 years
Prudential Guarantee
Prudential Guarantee is now one of the country’s major non-life insurance companies, with 39 offices across the Philippines. Its Auto Insurance program provides special privileges to its clients for free whenever and wherever they are.
The free services include vehicle retrieval service, vehicle breakdown service, towing service, alternative transport to the destination, alternative overnight accommodation in the event that immediate repair is not feasible, and ambulance service when needed. Indeed, it is quality service while assuring your safety and convenience.
It is worth noting, though, that the above-mentioned privileges are exclusive to all privately-used vehicles covered by their Auto Insurance policy.
Coverage:
• Maximum Total Sum Insured: Php 3 million
• Casa Eligibility: 10 years
SGI Philippines
SGI Philippines is among the top insurance providers in the Philippines with its array of product services in various sectors ranging from fire insurance, motor insurance, and engineering, along with many others. Its Motor Insurance program varies depending on your automobile: it has private car insurance, commercial vehicle insurance, and motorcycle insurance.
Coverage:
• Maximum Total Sum Insured: Php 5 million
• Accredited Repair Shops: 36
• Casa Eligibility: 5 years
In most cases, seniors get a 20% discount on products and services, but this is not the case with insurance policies. So, to better safeguard your finances, it is important that you know the best provider to purchase insurance from with the friendliest amount and benefits as well.
