Car Insurance
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What is car insurance and how does it work in the Philippines?
In the Philippines, vehicle insurance is mandatory by law for all registered motor vehicles. Specifically, the Compulsory Third Party Liability (CTPL) insurance is required when registering or renewing a vehicle’s registration with the Land Transportation Office (LTO). This basic insurance policy provides coverage for bodily injury or death caused to a third party in the event of an accident involving the insured vehicle. It ensures that victims receive some level of financial assistance, even if the at-fault driver cannot afford to pay out of pocket.
While CTPL is the legal minimum, many vehicle owners in the Philippines also opt for comprehensive car insurance. This type of policy offers broader protection, covering not only third-party liability but also damages to your own vehicle due to accidents, theft, fire, natural disasters, and other unforeseen events. Although not required by law, comprehensive coverage provides peace of mind and financial security—especially in a country where weather events, traffic congestion, and road risks are common.
What are the statistics around motor insurance?
The number of CTPL policies purchased per year usually correlates closely with the number of car registrations per year, which has steadily increased over the last 5 years to around 1.5 million CTPL policies per year.
| Year | Estimated CTPL Policies |
|---|---|
| 2019 | 1,200,000 |
| 220 | 900,000 |
| 2021 | 1,000,000 |
| 2022 | 1,100,000 |
| 2023 | 1,300,000 |
| 2024 | 1,500,000 |
While comprehensive insurance policies are issued less frequently than CTPL, adoption is steadily increasing—driven by vehicle financing and growing awareness of its added benefits. It's estimated that 30–50% of CTPL policyholders also purchase comprehensive coverage, particularly among new car buyers and those seeking broader protection.
Legal Requirements for Car Insurance in the Philippines?
Car insurance is required by law in the Philippines. Under the Motor Vehicle Liability Insurance Act (Republic Act No. 4136), all motor vehicles must have Compulsory Third Party Liability (CTPL) insurance in order to be registered with the Land Transportation Office (LTO).
CTPL insurance provides coverage for liabilities arising from injuries or death of third parties—such as pedestrians, passengers, or occupants of another vehicle—caused by the insured vehicle. It helps cover expenses like medical bills and funeral costs, offering financial assistance to those affected.
Driving without CTPL insurance is a legal violation and can result in penalties, fines, and delays in vehicle registration. The LTO requires proof of valid CTPL coverage before a vehicle can be registered or renewed.
Different types of car insurance
In the Philippines, car owners can choose from several types of insurance policies—each designed to offer different levels of protection and benefits. Below are the main types of car insurance available:
Compulsory Third Party Liability (CTPL)
Compulsory Third Party Liability (CTPL) insurance is legally required for all vehicles registered in the Philippines. It provides financial protection if your vehicle causes injury or death to third parties, such as pedestrians, passengers, or other motorists. CTPL covers expenses like medical bills and funeral costs, ensuring victims receive assistance even if the at-fault driver can't pay out of pocket.
P200,000 is the maximum liability coverage provided under a standard CTPL policy. It’s intended to cover:
- Medical Expenses
- Funeral Cost
- Financial support for third parties
Comprehensive
Comprehensive car insurance provides broad protection against a wide range of risks, including accidents, theft, vandalism, fire, natural disasters, and personal accidents. Unlike CTPL, which only covers third-party injuries or death, it protects your own vehicle as well—making it a popular choice for those seeking full financial protection and peace of mind.
Third Party Liability (TPL)
Third Party Liability (TPL) insurance covers financial liabilities for injuries or death caused to third parties in an accident where the insured vehicle is at fault. Unlike Compulsory Third Party Liability (CTPL)—which is required by law—TPL is optional, but offers higher coverage limits and may include additional benefits, making it a valuable upgrade for broader protection
Acts of Nature Coverage (AON)
Also known as “Acts of God” (AOG) coverage, this type of insurance protects your vehicle from damage caused by natural disasters such as typhoons, floods, earthquakes, and other catastrophic events. AOG coverage is typically offered as an add-on to comprehensive insurance but can also be purchased separately, providing essential protection in a country prone to extreme weather conditions.
Personal Accident Insurance
Personal accident insurance provides financial protection for the driver and passengers in the event of an accident involving the insured vehicle. It covers expenses such as medical treatment, hospitalization, and even loss of income due to accident-related injuries. This coverage is often available as an optional add-on to comprehensive car insurance, offering added peace of mind and support during unexpected events on the road.
Loss and Damage
Loss and damage insurance covers your vehicle against accidents, theft, vandalism, and other specified risks. While similar to comprehensive insurance, it typically offers more limited coverage and fewer added benefits, making it a more basic option for vehicle protection.
Compare the differences between CTPL and Comprehensive insurance
| Coverage | CTPL | Comprehensive without additional options | Comprehensive with AON & Strikes, Riots & Civic Commotion |
|---|---|---|---|
| Third Party Bodily Injury / Death | P200,000 limit per accident | Higher coverage | Higher coverage |
| Death Indemnity | Up to P100,000 | Included, often with higher or unlimited coverage | Included, often with higher or unlimited coverage |
| Bodily Injury / Permanent Diablement | Up to P100,000 combined | Included, with higher coverage | Included, with higher coverage |
| Medical Reimbursement | Upto P20,000 | Included, often higher | Included, often higher |
| Burial Assistance | Up to P30,000 | Included, often higher | Included, often higher |
| Own Damage | Covers repair cost | Covers repair cost | |
| Theft / Carnapping | Covers total theft | Covers total theft | |
| Acts of nature | Covers natural calamities | ||
| Third Party Protperty Damage | Covers damage to other property | Covers damage to other property | |
| Excess Bodily Injury | Covers additional costs for injuries beyond CTPL limits | Covers additional costs for injuries beyond CTPL limits | |
| Personal Accident | Covers medical expenses, disability, or death benefits | Covers medical expenses, disability, or death benefits | |
| Road Assistance | Includes towing, tire change, battery jumpstart, locksmith, fuel delivery | Includes towing, tire change, battery jumpstart, locksmith, fuel delivery | |
| Loss of Use | Provides daily transport allowance while car is under repair | Provides daily transport allowance while car is under repair | |
| Strikes, Riots, Civil Commotion | Covers damage due to strikes, riots and civil commotion | ||
| Legal Assistance | Included in most policies | Included in most policies | |
| 24/7 Customer Care | |||
| Policy Cost | P550 - P650 | Higher (Depends on car value and add-ons) | Higher (Depends on car value and add-ons) |
| Best For | Meeting legal requirement | Coverage for your car, others and yourself | Coverage for your car, others and yourself |
Why is comprehensive car insurance so important?
01
Financial
Comprehensive car insurance protects you from costly, unexpected expenses by covering repairs or losses due to accidents, disasters, or theft—saving you from paying out of pocket.
02
Peace of mind
It gives you peace of mind by helping you avoid surprise costs, making it easier to budget and protect your savings from unexpected car-related expenses.
03
Car loan requirement
If you have a car loan in the Philippines, comprehensive insurance is usually required to protect both you and the lender from loss due to damage, theft, or accidents.
Pros and Cons of Comprehensive Car Insurance
Pros
Broad Coverage for Your Vehicle
Unlike CTPL (which only covers third-party injury or death), comprehensive insurance also covers damage to your own car, even if you're at fault.
Protection from Natural Disasters
With typhoons, floods, and earthquakes common in the Philippines, comprehensive insurance offers vital protection under Acts of God (AOG) coverage.
Theft and Vandalism Coverage
Car theft and break-ins can happen, especially in urban areas. Comprehensive insurance covers these risks, providing peace of mind wherever you park.
Additional Perks
Many policies in the Philippines include roadside assistance, legal support, towing, and personal accident cover—helping you handle emergencies stress-free.
Required for Car Loans
If you're buying a car through financing, banks and lending companies usually require comprehensive insurance to protect the vehicle during the loan term.
Cons
Higher Premium Cost
Premiums are more expensive than CTPL, which is the legally required minimum. However, the added protection may justify the cost for many drivers.
Deductibles Apply
You may need to pay a participation fee (deductible) for claims involving own damage or Acts of God—commonly around ₱2,000 to ₱6,000, depending on the insurer.
Not Ideal for Older Vehicles
For older cars with low resale value, the cost of comprehensive insurance may outweigh the potential claim payout.
Coverage Varies by Provider
Some insurers offer more flexible terms, faster claims, or better customer service. It’s important to compare policies before buying.
How Much Does Comprehensive Car Insurance Cost in the Philippines?
The cost of comprehensive car insurance in the Philippines typically ranges from 1.5% to 3% of your vehicle's current market value per year. However, the exact amount can vary widely based on several key factors.
Typical Price Range:
| Vehicle Market Value | Estimated Annual Premium (1.5%–3%) |
|---|---|
| ₱500,000 | ₱7,500 – ₱15,000 |
| ₱1,000,000 | ₱15,000 – ₱30,000 |
| ₱1,500,000 | ₱22,500 – ₱45,000 |
These are ballpark figures. Actual premiums depend on specific risk factors and add-ons.
What Affects the Cost of Comprehensive Car Insurance?
01
Vehicle Make, Model & Year
Newer and more expensive cars cost more to insure because repairs or replacement parts are pricier. Luxury brands like BMW, Lexus, or Mercedes-Benz have higher premiums than economy cars like Toyota Vios or Honda City.
02
Vehicle Age
Most insurance companies allow you to generate a quote online by providing basic information about yourself and your vehicle. You'll typically need to provide details such as your name, contact information, vehicle make and model, year of manufacture, and any additional coverage options you're interested in.
03
Location
Where you live and drive matters. Vehicles in flood-prone areas, urban centers with high accident or theft rates (like Metro Manila), may carry higher premiums.
04
Driver Profile
Insurers may consider your age, driving history, and claims record. First-time car owners or young drivers may be charged slightly more.
05
Coverage & Add-ons
Adding coverage for:
- Acts of God (AOG) (floods, typhoons, earthquakes)
- Roadside assistance
- Personal accident insurance
- Loss of use or rental coverage
These add-ons will increase your premium but can offer valuable protection.
06
Financing Requirements
If your car is under a loan, your lender may require full coverage with specific add-ons, which may raise the overall cost.
Is It Worth It?
While CTPL is mandatory, comprehensive insurance gives you peace of mind, especially in a country like the Philippines where:
Natural Disasters are common
Raod risk are unpredictable
Car repairs can be expensive
Can you buy car insurance online?
01
Use our insurance rate calculator
Start by punching your vehicle details into our insurance calculator
- Make & Model
- Year
- Private or commercial use
- Generate quotation
02
Compare Instant Quotes
Browse and compare insurance quotes researching which is best for you;
- Browse quotes from multiple providers
- What’s included or not included
- Find the best deal
03
Customize Your Coverage
Tailor your policy based on your needs:
- Choose your coverage limits and deductibles
- Add optional protections (e.g. Acts of God, roadside assistance, personal accident cover)
- Apply eligible discounts (e.g., for safe driving or bundled policies)
04
Secure Online Payment
Proceed to payment using secure channels such as:
- Credit or debit card
- GCash
- PayPal
- Online banking or bank transfer
All transactions are encrypted and secure.
05
Receive Your Policy
Once payment is complete, your digital policy documents will be issued and sent via:
- Your user portal in BuyInsurance (Coming soon)
You can download, print, or save your policy for easy access anytime.
Why Buy Car Insurance Online?
Convenient
Get insured anytime, anywhere
Faster Processing
No need to visit a branch
Transparent
Easily compare prices and coverage
Paperless
Digital documents reduce paperwork
Important Reminder:
Always buy from a legitimate and licensed insurance provider, and take time to review the terms and conditions before finalizing your purchase.
Common Mistakes to Avoid When Buying Car Insurance Online in the Philippines
Buying car insurance online is quick, convenient, and increasingly popular in the Philippines—but it’s easy to make mistakes that could cost you in the long run.
Here are the most common pitfalls to watch out for:
Skipping Online Research
Failing to compare quotes can lead to overpaying by ₱5,000–₱10,000 or missing out on better coverage. Use our trusted comparison platform to get at least 3-4 quotes before deciding. Look beyond just the price—check coverage limits, claims process, and customer feedback.
Ignoring Online Payment Benefits
Online payments offer instant policy activation and flexible options like credit/debit card, GCash, and bank transfer. Some providers allow you to spread payments monthly, and digital policies are easier to update or upgrade later on.
Settling for the Cheapest Coverage
The lowest-priced policy might seem smart—until you’re in an accident and left underinsured. Consider the true cost of repairs, especially if you’re in a collision with a high-value vehicle or face flood damage. Always balance cost with adequate protection.
Being Inaccurate or Vague with Information
Providing false or incomplete info (like omitting accident history) can lead to denied claims or increased premiums later. Be honest and detailed. Some insurers reward transparency with discounts or lower risk ratings.
Neglecting Additional Coverage
Many buyers overlook essential add-ons like:
- Acts of Nature (AOG) — for floods, typhoons, and earthquakes
- Roadside Assistance — for emergencies like flat tires or dead batteries
- Personal Accident Insurance — added medical protection
Review your policy details carefully and add coverage based on your needs and location.
Final Thought:
Car insurance isn't just about meeting legal requirements—it's about protecting your finances and peace of mind. Avoid these mistakes and make informed choices, especially when buying online.
Common Car Insurance Policy Terms in the Philippines
Understanding key insurance terms can help you make better decisions and ensure you get the right coverage.
Here's a simplified glossary of the most commonly used terms in car insurance policies:
Core Policy Terms
Policy
A formal contract between you (the policyholder) and the insurance provider outlining coverage, terms, conditions, and exclusions.
Coverage
The specific protections and financial benefits provided by your policy (e.g., accidents, theft, flood, etc.).
Coverage Limit
The maximum amount your insurer will pay for a claim. Limits vary by coverage type and policy.
Premium
The amount you pay (monthly and annually) to keep your insurance active. Premiums are based on your car, driving history, location, and coverage level.
Deductible
The amount you pay out of pocket before your insurer covers the rest of the claim. Higher deductibles = lower premiums, and vice versa.
Exclusions
Situations not covered by your policy (e.g., intentional damage, racing, DUI, or commercial use of a private vehicle).
Claims & Payments
Claim
A formal request you file with your insurer for payment or reimbursement after an accident or covered loss.
Loss
Financial damage or reduction in value caused by an accident, theft, disaster, or other insured event.
Claim Process
Steps you must follow when filing a claim: report the incident, provide documentation, and cooperate during the investigation.
Roles & People Involved
Policyholder
The individual or entity that owns the policy and is responsible for paying premiums.
Beneficiary
The person entitled to receive benefits in the event of the policyholder's death or qualifying event.
Additional Terms & Features
Rider (Endorsement)
An add-on or amendment to your policy that enhances or adjusts your coverage (e.g., Acts of Nature, roadside assistance).
Additional Benefits & Services
Extra features like towing, emergency roadside help, rental reimbursement, and personal belongings protection.
Liability
Legal responsibility for damage or injury to others. Liability coverage helps protect you from lawsuits or third-party claims.
Risk & Assessment
Risk
The likelihood of loss or damage occuring. Insurer assess your risk when calculating your premium.
Underwriting
The process insurers use to evaluate your risk level and determine your policy terms and premium rate.
Terms & Conditions
The legal guidelines that govern your policy, including obligations for both you and the insurer. Always read and understand these before agreeing to any coverage.
Documents Required to Purchase Comprehensive Car Insurance in the Philippines
01
Vehicle Official Receipt (OR) and Certificate of Registration (CR)
- Issued by the Land Transportation Office (LTO)
- Confirms that your vehicle is legally registered and roadworthy
- Needed to verify vehicle details like make, model, plate number, engine/chassis number, and ownership
02
Valid Government-Issued ID
- For identity verification of the registered owner
- Accepted IDs may include:
- Driver’s license
- Passport
- UMID
- SSS/GSIS ID
- PRC ID
- National ID
03
Previous Insurance Policy (if applicable)
- Useful when renewing an existing policy or switching providers
- Helps insurers check claim history and offer no-claim discounts
04
Driver’s License
- May be requested to confirm the driving eligibility of the policyholder or named driver(s)
05
Photos of the Vehicle
- Some insurers require current photos of your car (front, back, sides, odometer) to document condition
- Especially for older vehicles or if you're insuring a second hand unit
06
Financing Documents (if under a car loan)
- If your car is financed, the bank or lender details may be required to issue the policy under their name as a lienholder
- The insurance certificate is usually endorsed to the bank
How to Get CTPL Insurance in the Philippines
Getting Compulsory Third Party Liability (CTPL) insurance is simple, affordable, and can now be done online. Through platforms like Autodeal, you can purchase your policy in just a few steps from accredited insurance providers.
Step-by-Step: How to Buy CTPL Insurance Online
01
Visit our CTPL product
Choose from licensed insurance providers offering CTPL policies.
02
Upload Required Documents
You'll need to provide:
- Certificate of Registration (CR)
- Original Receipt (OR) of the vehicle
- Valid Driver’s License
- One other government-issued ID (e.g., Passport, UMID, National ID)
03
Receive Your Policy via Email
Once your payment is processed, your CTPL policy will be sent to your email—usually within minutes.
04
Print and Present for LTO Registration
Bring a printed copy of your CTPL policy when you register or renew your vehicle at the Land Transportation Office (LTO) as proof of insurance.
CTPL Insurance Cost Breakdown
CTPL rates are regulated by the Insurance Commission and vary based on your vehicle type:
| Vehicle Classification | CTPL Premium |
|---|---|
| Private car / utility vehicle / jeepney | ₱560 |
| Light/medium truck (not over 3,930 kg) | ₱610 |
| Heavy trucks & private buses (over 3,930 kg) | ₱1,200 |
| Air-conditioned cars & tourist vehicles | ₱740 |
| Taxi, PUJ, Mini Bus | ₱1,100 |
| PUB & Tourist Bus | ₱1,450 |
| Motorcycles, tricycles, and trailers | ₱250 |
Note: A standard Vehicle Identification Fee of ₱90.40 is added to the premium.
For example:
Private car = ₱560 + ₱90.40 = ₱650.40 total
What Does CTPL Cover?
CTPL provides up to ₱100,000 coverage for third-party liability, including:
Bodily injury or death of third parties (e.g., pedestrians, passengers, or occupants of other vehicles)
Scheduled indemnities for medical costs, funeral expenses, or disability caused by an accident involving your vehicle
Reminder: CTPL is required by law and must be presented during your LTO vehicle registration or renewal.
Get your CTPL quote and purchase online now and receive your policy today. View Here!
Common FAQs About Comprehensive Car Insurance in the Philippines
Here are some common FAQs (Frequently Asked Questions) about car insurance:
- Certificate of Registration (CR) and Official Receipt (OR)
- Valid government-issued ID
- Driver’s license
- Photos of the vehicle (for some insurers)
- Acts of Nature
- Roadside Assistance
- Personal Accident Coverage
- Loss of Use
High-value or luxury cars (e.g., BMW, Lexus) cost more to insure because repair and replacement costs are higher. Economical vehicles like a Toyota Vios or Mitsubishi Mirage generally have lower premiums.
Vehicle Age and ConditionNewer cars have higher premiums due to higher market value. Older cars may have lower premiums, but may also receive limited coverage or higher deductibles depending on condition.
LocationWhere you live and park your car matters. If you’re in a flood-prone or high-theft area (like parts of Metro Manila), premiums may be higher due to greater risk.
Driver’s ProfileAge, driving experience, and history all factor in. For example:
- Young or first-time drivers may be considered higher risk.
- A clean driving record can lead to lower premiums.
Cars used for personal or private purposes typically have lower premiums than those used for business or ride-hailing (e.g., Grab), which face higher exposure to risk.
Coverage Type and Add-onsThe more coverage you select, the higher the premium. Optional add-ons like:
- Acts of God (AOG)
- Roadside assistance
- Personal accident cover
Higher deductibles (participation fees) usually mean lower premiums, while lower deductibles increase your premium. It’s about balancing out-of-pocket costs with upfront payments.
Financing RequirementsIf your vehicle is financed through a bank or dealership, they may require full comprehensive coverage with certain add-ons—raising your base premium.
Claim HistoryIf you’ve filed several claims in the past, your insurer may view you as high risk and charge a higher premium. No-claim bonuses can reduce your rate if you've been claim-free.
Insurer Pricing and DiscountsPremiums can vary from one insurance company to another. Some offer:
- Bundled discounts (car + home insurance)
- Online purchase promos
- Loyalty rewards
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