Car Insurance Question

[obfuscator]

Hello Tsikoters

Question, ok ba yung quote sa amin ng insurance companies na as much as 30k? yung car is Elantra 2012 1.8

ganun ba talaga kamahal? pano ba usually kinocompute to?

Thanks!

[Retz]

^

baka pwde pa babayaan yan. hingi ka discount.

[obfuscator]

actually sir discounted na yan, usually mga quote nila from 32-34k parang ang laki talaga haha, ganun ba quote sa elantra 2012 model? ilang % ba ng price ng unit?

^

baka pwde pa babayaan yan. hingi ka discount.

[Retz]

^

magkano ba unit price ng Elantra mo btw?

[obfuscator]

958k pwera discount

^

magkano ba unit price ng Elantra mo btw?

[derf8666]

30k is already a very competitive rate for your elantra. Just make sure you have an agent servicing your needs to somewhat avoid the hassles if and when you encounter an accident.

[Noel Salisipan]

958k pwera discount

Mahal yung 30k na insurance for almost 1M na car!
Canvas ka pa, around 25k pwede na at dapat kasama na AOG...

[derf8666]

Hello Tsikoters

Question, ok ba yung quote sa amin ng insurance companies na as much as 30k? yung car is Elantra 2012 1.8

ganun ba talaga kamahal? pano ba usually kinocompute to?

Thanks!

Very good quote if it is already bundled with acts of nature.

http://tsikot.com/forums/car-insuran...1/index20.html

here are the basic coverages of an insurance policy.

1. CTPL - needed for registration. covers 100k due to death and/or medical and other expenses for third party persons.

2. comprehensive - covers own damage/theft to your vehicle plus VTPL of body injury and property damage
2a. Sometimes also bundled with Acts of nature or acts of God

3. Auto P.A. - covering death or injuries to persons inside the vehicle covered

How to compute? CTPL and VTPL have fixed premium. For brand new units, CTPL is 1,675 for 3 years.

Own damage/theft rate for private cars range is about 2% (depends on the insurance company) of the value plus acts of nature is about .5%
VTPL is fixed rate, depending on the coverage. If at 200k each, BI is 280, PD is 1,245.

PA iis about 250 for every 250k coverage.

Add them all up and add approximatley 25% (taxes) to the result, will give you the total premium.

Acts of nature and PA are optional.

Guide lang yan kasi rates differ with every insurance company.

[steer]

Hello Tsikoters

Question, ok ba yung quote sa amin ng insurance companies na as much as 30k? yung car is Elantra 2012 1.8

ganun ba talaga kamahal? pano ba usually kinocompute to?

Thanks!

insurance is 2% to 3% of car value.

[_Qwerty_]

usually 2% lang.. so kung 1M.. dapat nasa 20T lang insurance..

[derf8666]

For an elantra at 958k, 30k premium is a very good one already. Remember that the rates for SUV and sedans are different. Cars have higher rates. Standard rate for a car is 2% of the fair market value. Then add another 0.5% if with acts of god. Rates of course vary for each insurance company. Plus third party coverage that can reach about 2k. Then pinakamabigat ay yung 25% tax. This roughly 25% of the premium goes to the government, not the insurance companies. Assuming na 1m ang value for ease of computation:

20,000 for OD/theft
5,000 for acts of god
2,000 for standard voluntary 3rd party

Total is 27,000 plus 25% of 27,000 (6750), total is 33,750.

If it is an SUV, the amount would have been about 25k.

[lukscudkil]

try to remember also that in insurance "service is their business" look for a reliable company and a dependable agent.

[Retz]

usually 2% lang.. so kung 1M.. dapat nasa 20T lang insurance..

hangan 2% pala? ung akin 2.2% with AOG na un at CTPL. pwede pa palang babaan.

[ajkotse]

Guys pwde magtanong, I'm buying vios 2009. Can you give me an estimate magkano insurance nito? With and without act of god. Many thanks!

[_Qwerty_]

pwede naman sa isang thread lang magtanong sir..

Guys pwde magtanong, I'm buying vios 2009. Can you give me an estimate magkano insurance nito? With and without act of god. Many thanks!

[ajkotse]

pwede naman sa isang thread lang magtanong sir..

Pasensya na sir kasi ntatabunan po mga tanong ko la sumasagot.. And i really need an answer na kasi sobrang newbie lang ako ako, mgloloan na kasi ako nxt week po.. Though i think dpt hindi ko dpt minamadali ang mga gnio bagay... Thanks po