SGI Car Insurance Review: Should You Get This for Your Car?

Jay Pagkatotohan

Jay Pagkatotohan

Last updated July 09, 2024

If you’re a car owner, driving is second nature, similar to walking or breathing. But this shouldn’t give you a false sense of security that things will always go your way on the road. Accidents happen at the most unexpected times, so make sure to get car insurance

You might have stumbled upon SGI Philippines and want to know if it’s a good choice. We’ll help you figure that out in this guide, wherein we lay down the product’s features, pros, cons, and more. Check out this comprehensive SGI Philippines car insurance review to learn more. 

What is SGI Philippines Car Insurance? 

sgi philippines car insurance review - what is sgi

SGI Philippines car insurance is a personal car insurance product designed to financially protect you in case certain events, such as accidents and natural disasters, damage your car or affect its passengers. 

It’s part of the company’s lineup of motor insurance products, which also includes motorcycle and commercial vehicle insurance. 

Read more: Find the Right Car Insurance Company for You on This List

❓ Is SGI Philippines Car Insurance Legit? 

Yes. SGI Philippines General Insurance, Inc. is a venture between Shriram Group, an Indian financial services conglomerate, and SANLAM Group, South Africa’s largest insurance company. 

SGI Philippines is registered with the Insurance Commission, ensuring all its operations, products, and services are legitimate.[1]

SGI Philippines Car Insurance Review: Features and Coverage 

sgi philippines car insurance review - features and coverage

Discover the coverage and benefits of an SGI Philippines car insurance policy: 

✅ Maximum Total Sum Insured 

Generally, SGI Philippines offers generous coverage. If you’re willing to pay a higher premium, you can have an insured total sum of up to ₱5 million. 

✅ Compulsory Third Party Liability (CTPL) Coverage 

This government-mandated insurance is covered by SGI Philippines. This covers death and bodily injuries sustained by a third party, keeping you from shelling out a large amount of money from your pocket. 

✅ Third-Party Damage or Loss

In case your car causes damage to a third-party vehicle or property, this coverage will take effect. This also applies if the damage to the vehicle or property results in injuries or death. 

✅ Acts of Nature 

Natural disasters can damage your car. Recover financial losses with acts of nature coverage. 

This is a must-have in a country ravaged by storms all year round. Plus, it covers other disasters like flash floods and earthquakes. 

✅ Personal Accident Rider

This financially protects you or your passengers from accidental death and disablement. SGI Philippines pays for the interruption of your regular income. 

✅ Road Assistance 

SGI Philippines car insurance also comes with roadside assistance, which includes the following: 

  • Overnight accommodation - If the repair cannot be done right away, SGI Philippines will cover your hotel expenses for the night.
  • Towing - Call SGI Philippines if you need to have your malfunctioning car towed.
  • Vehicle removal crane - In case your car falls down a slope or gets overturned, SGI Philippines will dispatch a service to retrieve it.  

Read more: List of Car Insurance Add-Ons: What Coverage Do You Need?

SGI Philippines Car Insurance Rates 

The rate of SGI Philippines car insurance will depend on your vehicle. Just to give you a picture, here are the annual rates obtained from Moneymax’s database based on popular car makes and models:

Car Annual Rate
Honda City E 1.5L Gas AT ₱14,176
Mitsubishi Mirage G4 GLS 1.2L Gas AT ₱17,210
Toyota Vios E 1.3L Gas AT  ₱17,833
Toyota Innova E 2.0L Gas AT ₱18,881
Mitsubishi Montero Sport GLS 2.4L Diesel AT ₱30,134
Toyota Fortuner G 2.4L Diesel AT ₱30,601
Honda CR-V S 1.6L Diesel AT SENSING ₱33,719

SGI Philippines Car Insurance Review: Pros and Cons 

sgi philippines car insurance review - pros and cons

Should you get an SGI Philippines car insurance policy? The following reasons may convince you: 

👍 Years of Experience 

Founded in 1959, SGI Philippines has 65 years in the industry. This staying power shows the company knows the ins and outs of the business. You can trust them to be adept and knowledgeable. 

👍 Reliable Customer Support

SGI Philippines has a 24/7 inquiry form on its website.[2] You can also get in touch with agents stationed in more than 3,000 branches nationwide.

👍 Easy Application 

Apply for an SGI Philippines car insurance policy via its website.[3] Simply fill out the form and wait for an agent to get back to you. 

You can also get a quote via Moneymax. 

👍 Relatively Affordable 

As you’ve seen in the table of rates above, SGI Philippines’ car insurance premiums are relatively affordable. Case in point, you need to shell out only a little over ₱1,180 per month to insure your Honda City. If you have a Toyota Vios, you need to prepare almost ₱1,500 per month. 

To come up with a balanced decision, consider the drawbacks of an SGI Philippines car insurance policy: 

👎 Coverage Not That Extensive  

Based on its website, the SGI Philippines car insurance policy only covers the essentials. It doesn’t seem to have loss and damage cover, which includes theft, burglary, and self-ignition. 

👎 Roadside Assistance Not Comprehensive

Unlike other car insurance providers, SGI Philippines’ roadside assistance doesn’t seem to include alternative transport. 

How to Get an SGI Philippines Car Insurance Policy

As mentioned, you can get a policy via its website. You can also easily get an SGI Philippines car insurance policy via Moneymax. Follow these steps: 

  1. Go to SGI Philippines on Moneymax then click Get a Quote
  2. Supply your car details and specs.
  3. Supply your name, email, and contact number. Click Next
  4. You’ll then see the total premium for your car. If you’re okay with it, click Apply
  5. You’ll receive a call from Moneymax within a few hours. The agent will then provide you with more details on your choice of insurance. 

Related: How to Change Car Insurance Companies: A Step-by-Step Guide

How to File a Claim 

sgi philippines car insurance review - how to file claim

For an easier claims process, go to Moneymax and let them work with your insurer. Follow these steps: 

  1. Collate the following documents: 
    • Insurance claim form
    • Police report[3]
    • Pictures of the damaged vehicle
    • Car repair estimate
    • Photocopy of your driver’s license with the official receipt (OR)
    • Photocopy of certificate of vehicle registration with MVRR number 
    • Other requirements requested by Moneymax’s claims expert
  2. After collating all the requirements, send them to Moneymax via 
  3. After SGI Philippines reviews your documents and approves your claim application, you will receive a Letter of Authorization. You can then take your car to your preferred casa. 

Final Thoughts 

SGI Philippines is one of the leading and most trusted insurers in the country. Get their car insurance policy to financially protect yourself from unexpected events. If you want to go beyond this SGI Philippines car insurance review, get in touch with the company via landline at +63-2-88480188 or email at 

If you're looking for other options, compare other car insurance companies below: 

Car Insurance Company Maximum Total Sum Insured CTPL Coverage Own Damage & Theft Coverage Acts of Nature Coverage Death / Disablement Coverage
FPG Insurance
Get free car insurance quote
₱4 million
Malayan Insurance
Get free car insurance quote
₱7.5 million
The Mercantile Insurance Corporation
mercantile insurance logo
Get free car insurance quote
₱5 million
OONA Insurance (formerly MAPFRE)
Oona logo_horizontal with insurance_purple
Get free car insurance quote
₱5 million
PGA Insurance
Get free car insurance quote
₱3 million
SGI Philippines
Get free car insurance quote
₱5 million
Standard Insurance
Get free car insurance quote
₱5 million
Stronghold Insurance
Get free car insurance quote
₱3 million

DISCLAIMER: Moneymax is a registered company under the legal name Moneyguru Philippines Corporation (MGPC). Its wholly-owned subsidiary, MoneyHero Insurance Brokerage, Inc. (MHIB), is an authorized insurance broker in the Philippines. MGPC does not carry on an insurance business, and all insurance brokerage activities referred to on this website are carried out solely by MHIB. Click here for more information.


Jay is a marketing communications professional who specializes in short-form and long-form content. He has written ads for TV, radio, print, and digital. He has also produced corporate blogs, magazine features, white papers, product listings, reviews, and press releases for clients here and abroad. When he’s not writing, Jay plays the piano or takes pictures for his visual diary. Follow Jay on LinkedIn.


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