As the world starts to open up, Filipinos are now enjoying
more mobility – more people are returning to onsite work, traveling to
provinces, and visiting their hometowns, among others. This means that more
people are spending time on the road again more often. Total car sales also
reached 292,842 units in 2021, an increase from the 244,274 units sold in 2020,
according to the Chamber of Automotive Manufacturers of the Philippines, Inc.
(CAMPI) and Association of Vehicle Importers and Distributors Inc. (AVID).
Buying a vehicle is a huge investment, and one that you need
to protect. One way to do this is by having a reliable insurance product that
protects your vehicle as well your loved ones from harm and third party
liabilities. It will also have more financial benefits for you in the long run,
and with the recent oil price hikes, we don’t want to add more unnecessary
expenses.
If you are considering buying a car soon or renewing your insurance policy, AXA Philippines Retail Propositions Senior Segment Manager for AXA Car Insurance OT Monzon shares some common mistakes to watch out for when choosing a car insurance:

