This study determines the features of motor car insurance in relation to prospective policyholder, coverage, period of insurance, and its termination. It also discusses sound underwriting and equitable claims management. To perform effectively, the underwriter must obtain as much information about the subject of the insurance as possible within the limitations imposed by time and the cost of obtaining additional data. The investigation concludes with discussions on the importance of looking into the factors considered in underwriting a policy which information further enable an underwriter to rate the risk correctly. And also discusses claims adjustment processes to assure reasonable financial assistance. The results of this study can be used by the management and staff of non-life insurance companies, the motor vehicle owners and transport operators, the regulating government agency, and the academe for professional advancement, understanding, re-examination, and the enrichment of knowledge for personal financial planning.