Protecting your vehicle with comprehensive car insurance can be a smart move, as it ensures safety and financial security. Unlike Compulsory Third Party Liability (CTPL) insurance, a comprehensive plan covers more than basic liability, offering protection for vehicle damage, theft, accidents, and natural calamities.

If you’re in the market for one, we’ve rounded up a list of the best comprehensive car insurance in the Philippines below!

Overview of Comprehensive Car Insurance in the Philippines

Comprehensive car insurance is a voluntary insurance plan that offers vehicle owners extensive protection. It offers more benefits compared to the mandatory CPTL, which only covers third-party injuries or deaths.

Here’s an overview of some of the features and benefits of comprehensive car insurance in the Philippines:

• Own Damage and Theft
• Third Party Liability (TPL)
• Acts of Nature
• Personal Accident Insurance
• Roadside Assistance

Why is getting Comprehensive Car Insurance important?

Comprehensive car insurance is important for several reasons, especially in a country like the Philippines, where road and environmental risks are significant. Here’s why:

• Extensive protection. Comprehensive car insurance protects against damages to your vehicle caused by accidents, theft, natural disasters, and vandalism. 
• Financial security. Repairing or replacing a vehicle after an accident or theft can be expensive. Comprehensive insurance helps cover these costs, saving you from significant out-of-pocket expenses.
• Peace of Mind. Driving in the Philippines can be unpredictable due to heavy traffic, road conditions, and extreme weather. Comprehensive insurance offers peace of mind, knowing you’re financially covered for most casualties.
• Add-On Benefits. Comprehensive car insurance policies often offer add-ons like roadside assistance, Acts of Nature coverage, and car replacement services. These enhance convenience and preparedness in case you run into unexpected situations.

Best Comprehensive Car Insurance in the Philippines

With so many car insurances in the market, choosing the right one can feel overwhelming. To help you select the right choice, here’s our list of top insurers that offer excellent coverage:

AutoMaster – Malayan Insurance Company. Inc.

Founded in 1930, Malayan Insurance Company, Inc. is one of the Philippines’ most popular non-life insurance providers. They offer various insurance plans, including life, travel, home, and car protection. For vehicle owners, they offer CPTL and AutoMaster, the company’s comprehensive car insurance plan. 

Since we’re covering comprehensive insurance, here’s what you can expect from AutoMaster:

• Qualifications
  • Your car should be a private vehicle not more than 8 years old
  • For older vehicles, you need to contact their Customer Service at (02) 8628-8628
• Features and Benefits
  • Automobile loss and own damage
  • Auto personal accident
  • Riots, strikes, and civil commotion coverage
  • Optional valuable accessories protection
  • Accredited repair shop
  • Third Party Liability
  • Acts of Nature
  • Car Accessories Protection
  • Loss of use
  • CAMILLE (Call Malayan Insurance Live Line) 24/7 Roadside Assistance

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AutoMate – FPG Insurance

With over 50 years of experience, FPG Insurance is a top player in providing reliable insurance in the Philippines. Previously focused on marine insurance, the company offers various coverage, including car insurance. AutoMate is the company’s comprehensive car insurance plan, which includes the following:

• Qualifications
  • Your vehicle should be privately owned and not older than 10 years old
  • Sedans, Pick-ups, SUVs, & AUVs below 10 years old are subject to approval 
• Features and Benefits
  • Own Damage
  • Theft
  • Acts of Nature
  • Strike, Riot and Civil Commotion (SRCC)
  • Voluntary Third Party Liability (VPTL) – Bodily Injury and Property Damage
  • Auto-Personal Accident
  • FPG 24/7 Roadside Assistance Program
  • Inter-island Transit Cover
  • Cover for Undeclared Non-Standard Accessories

Motor Car Insurance – Mercantile Insurance

Mercantile Insurance has been in the business for over 60 years, so you can feel at ease entrusting your financial security to them. The company offers various insurance products, such as fire, engineering, home, marine, and travel policies.

If you’re looking for affordable, comprehensive car insurance in the Philippines with extensive coverage, we recommend you consider their Motor Car plan. It offers the following benefits:

• Qualifications
  • Your vehicle should be privately owned
• Features and Benefits
  • Own Damage
  • Theft
  • Excess Bodily Injury
  • Property Damage
  • Auto Passenger Personal Accident Insurance
  • Acts of Nature
  • Auto Assistance Program
  • Teleconsultation
  • Emergency Access Via Mobile App

Car Protect – Standard Insurance Company, Inc.

Standard Insurance Company, Inc. is also a well-known non-life insurance provider in the Philippines. In addition to vehicle insurance, the company offers a wide range of coverage plans, such as property, mobile phone, travel, and marine. Their comprehensive Car Protect plan offers the following:

• Qualifications
  • Your vehicle should be privately owned
• Features and Benefits
  • Own Damage Cover
  • Theft Protection
  • Compulsory Third Party Liability (CTPL)
  • Excess Bodily Injury (EBI)
  • Acts of Nature (AON) Coverage
  • Third Party Property Damage (TPPD)
  • Personal Accident (PA) Rider

Car Insurance – Oona Insular Insurance Corporation

Founded in 2021, Oona Insular Insurance Corporation may be a new player in the game, but it’s slowly establishing itself as one of the leading insurance providers in the Philippines. Their expansive insurance services cover health, travel, property, business, and OFWs.

They also have a flexible car insurance plan that allows you to select between three tiers: Auto Lite, Auto Premier, and Auto Elite. Here’s a quick overview of their plan:

• Qualifications
  • Your vehicle should be privately owned
• Features and Benefits
  • Own-Damage
  • Theft
  • Unnamed Passenger Personal Accident (PA)
  • Roadside Assistance
  • Auto PA
  • Acts of Nature (AON)
  • Strikes and Riots
  • Standard accessories
  • Inter-island Transit cover
  • VTPL – Bodily Injury
  • VTPL – Property Damage

Tips for getting the best Comprehensive Car Insurance

Here are practical tips to keep in mind to help you secure the best comprehensive car insurance in the Philippines:

• Identify your coverage needs. Determine your required protection based on your car’s value, driving habits, and potential risks (e.g., flood-prone areas).
• Compare providers. Review policies, premiums, and benefits from various providers. You can use online comparison platforms so you can view their coverage options side by side.
• Check Insurer Reputation. Look for companies with a proven track record in processing claims and providing excellent customer service. Reading reviews or joining car-related online groups can give you insights into real-life experiences.

Also Read: 5 Best E-Cars in The Philippines You Should Consider

The Final Verdict

When it comes down to it, the best comprehensive car insurance plan for your vehicle will depend on your needs and preferences. So, aside from considering your vehicle model, age, and driving habits, it’s also best to assess each plan’s benefits, add-ons, and price. 

But if you want our recommendation,  Malayan Insurance’s AutoMaster is our top choice. That’s because it has extensive coverage, and the company has a strong and reliable reputation. Although, the downside is that their premiums may be higher than others. So, if you have the budget, the coverage is worth checking out.

Comprehensive Car Insurance: FAQs 

If you need information for choosing the best comprehensive car insurance in the Philippines, here are additional information to help you make an informed decision:

How much is comprehensive car insurance in the Philippines?

The premium of comprehensive car insurance in the Philippines will depend on various factors, such as the provider, the value of the car, and age. But, the average cost can range between ₱10,000 to ₱100,000+ per year.  

Which is better, TPL or comprehensive insurance?

Your choice will depend on your needs, budget, and the level of protection you want for your vehicle. Consider TPL or CPTL if you want affordable and basic coverage to meet legal requirements. Meanwhile, choose comprehensive insurance if you want full financial protection for your car and third party liabilities.

Do I still need TPL if I have comprehensive insurance?

No, you no longer need a TPL or CPTL if you already have comprehensive car insurance since the latter already covers it.

Can I change from comprehensive to third party insurance?

Yes, you can change from comprehensive insurance to third-party insurance or CTPL. Make sure to inform your provider, as some allow you to downgrade your policy mid-term, while others require you to wait until your plan is up for renewal.

Sources: (1), (2), (3), (4), (5)

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