A Look At The Factors That Determine Car Insurance Philippines Price
                     A LOOK AT THE FACTORS THAT 
DETERMINE CAR INSURANCE 
PHILIPPINES PRICE
A Look At The Factors That Determine Car 
Insurance Philippines Price
◦Are you planning to buy car insurance in the Philippines very soon? If you do, 
it would be a good idea to educate yourself on the factors that determine car 
insurance Philippines price. A rating factor is an individual characteristic of a 
customer used to price car insurance premiums. In simple terms, the less risky 
your rating factors are, the cheaper your car insurance policy will be. Some car 
insurance rating factors, such as vehicle and driving record, have relatively 
sizeable impacts on car insurance costs. Other factors, such as marital status 
and gender, are less important. The following are some of the important factors 
that determine the price of car insurance.
A Look At The Factors That Determine Car 
Insurance Philippines Price
◦Your age is without doubt one of the factors that will determine your car 
insurance price. This rating factor is very important, especially for young 
drivers. Between the most expensive insurance premiums (paid by teenage 
drivers) and the most affordable (paid by 50-year-olds) is a cost gap of over 
$5,500 per year. Most insurance providers consider teenage drivers as very 
risky and potentially expensive clients to insure. Most teen drivers drive more 
recklessly and get into more accidents compared to drivers in any other age 
group, so it makes sense why insurance companies will want to charge them 
higher to get car insurance.
A Look At The Factors That Determine Car 
Insurance Philippines Price
◦You are probably wondering at what age your car insurance rates will go 
down. Age becomes a less important rating factor when you attain the age of 
20 years, and even less impactful at the age of 25 years. Car insurance 
premiums reach their low point in a driver’s mid-50s before they rise for older 
drivers aged 70-plus. 
A Look At The Factors That Determine Car 
Insurance Philippines Price
◦For more information on the factors that determine car insurance Philippines 
price, visit our website at https://ichoose.ph/