January of this year , Honda Cars Philippines became the first local carmaker to leverage its advanced driver assist technology to help bring down the overall cost of ownership.
To recall, their partnership with AXA Philippines and BPI MS Insurance will see a preferred insurance rate applied to all vehicles equipped with Honda SENSING at least until December 31, 2022. These vehicles include the all-new Civic, CR-V , and Accord. It will also cover all other models equipped with Honda SENSING, like the HR-V launched within the timeframe.
Globally, Honda has found real-world benefits of its Honda SENSING technology, particularly the Forward Collision Warning and Collision Mitigation Braking System with Autonomous Energy Braking system. In a study conducted by the U.S.-based Insurance Institute for Highway Safety , found that it reduced damage to other vehicles and/or property insurance claims by nearly 11 percent. Meanwhile, injuries to people in other vehicles or others on the road insurance claim frequencies declined about 28 percent.
These figures are enough to convince AXA Philippines and BPI MS Insurance to bring down the insurance cost of the all-new Civic to as low as P 2,346 per month . The coverage includes:Voluntary third-party liability/property damageIn order to enjoy the preferential insurance rates, interested Honda owners should apply for their insurance at their preferred authorized Honda dealership.
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