Is car insurance worth it?

The short answer is yes, but keep reading for the long answer. Car insurance is definitely worth it because you never know what may come around the next intersection. Whether it’s a motorcycle or a car that refuses to come to a stop before crossing, you’ll be glad that you put in the effort to take care of your insurance beforehand. 

Considering that most cars are required to be registered with a Compulsory Third Party Liability (CPTL) insurance policy, the small amount you pay is still well-worth it even if your car isn’t protected. However, to get the most bang for your buck when purchasing an insurance policy, you need to go the full nine yards and acquire a comprehensive policy to protect all parties in the event of an accident. You also get bigger insurance coverages. Without diving too deep the first time out, let’s go over several reasons why procuring an insurance policy is a financially responsible decision that is well worth the investment. 

Philippine Pesos

They say, never do it without protection, and the same rings true for cars. While you can wax, coat, and film your car all you want, a big accident is a big accident. You will end up with body damage that definitely will become an eyesore, or you might even be left with mechanical problems that will impede your car’s performance and reliability. That’s why investing in a good comprehensive insurance policy might cost you a bit at the start, but it will pay dividends in the future especially if you find yourself in need of a fixer-upper.

CPTL policies, however, aren’t as robust, but you get the added benefit of only worrying about your car’s repairs, and not too much for the other party. The whole point of insurance is to protect your financial standing and also to keep you from spending exorbitant amounts on repairs, especially you were at fault in the accident. 

Convenience, Car Insurance

Negotiating is tough, whether it be at a flea market or in the boardrooms. It’s can also be quite a hassle to negotiate better terms when you’re on the hunt for a new car, good thing there’s AutoDeal. However, it is most hassle and mind-numbing to come to terms when you’re involved in an accident. Emotions may rise, and your patience may be tested, but pulling out an insurance policy is like having an ace up your sleeve. All you need to do is present it, provide the details and the company will handle most of the heavy lifting for you. Any insurance provider worth their salt will have shops lined up in order to fulfill any repair requests. 


Traffic jams take up your time, but if an accident on the road will cause a jam, and take up everyone else’s and your own time. While you can earn back the money spent, you can’t buy yourself some time. Post-accident, expect to come to a stop and talk to the person involved. Then you have to get a police report, and after that, you need to come to a settlement in order to close the case. It’s all a hassle that we don’t want to go through. Following that, you’ll have to look for a repair shop that can fix your car and return correspondence with the involved party if you’ve agreed to shoulder the cost of the damage or agreed to receive compensation. 

You won’t have to go through most of that, and instead, it’s made a lot easier with insurance. The post-accident minutiae to get everything back to the way it was will take a lot of stress, time, and effort. Getting a car fixed is another problem, but as mentioned, a good insurance company will have accredited shops that can help solve your issue. All you’d have to do is leave it in the company’s capable hands and they’ll sort everything out for you. 

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