Affordability is a crucial factor that influences a car purchase decision. When buying a vehicle, one of the first things you’d like to know is how much it will cost to own a particular model.
However, the cost of car ownership involves not just the unit’s selling price. There are other equally important costs that come with having a car—insurance is one of them.
Fortunately, a lot of options are available in the market when it comes to the cheapest cars to insure in the Philippines. Most of them happen to be cars with the cheapest vehicle selling price, especially hatchbacks from Japanese automakers such as Suzuki, Mitsubishi, Honda, and Toyota.
What model are you planning to buy? Is it inexpensive to insure? Check out the top cars that are cheap for insurance. For your easy reference, this guide has two sections. The first section is for entry-level sedans and hatchbacks while the second one lists three luxury vehicles.
Note: The car insurance prices below are based on 2021 vehicles. Annual insurance premiums are based on the Moneymax auto insurance comparison platform.
Table of Contents
- 21 Cheapest Sedans and Hatchbacks to Insure in the Philippines in 2021
- 1. Hyundai Eon
- 2. Suzuki Celerio
- 3. Tata Vista Ini
- 4. Chevrolet Spark
- 5. Mitsubishi Mirage G4
- 6. Kia Picanto
- 7. Honda City
- 8. JAC S1
- 9. Suzuki Dzire
- 10. Suzuki APV
- 11. Suzuki Ertiga
- 12. Toyota Wigo
- 13. Honda Brio
- 14. Nissan Almera
- 15. Honda Brio Amaze
- 16. JAC S2
- 17. JAC J4
- 18. Kia Stonic
- 19. Volkswagen Santana
- 20. Toyota Vios
- 21. Suzuki Swift
- 3 Cheapest Luxury Cars to Insure in the Philippines in 2021
- Final Thoughts
21 Cheapest Sedans and Hatchbacks to Insure in the Philippines in 2021
1. Hyundai Eon
💰 Cheapest annual car insurance premium: PHP 6,185 (2021 GL 0.8L Gas M/T)
One of the most popular hatchbacks in the Philippines, the Hyundai Eon is very easy to afford by first-time drivers, with its affordable price of under PHP 600,000.
If you’re considering to buy a Hyundai Eon for your first car, you’ll be glad to know that it’s also one of the cheapest cars to insure at around PHP 6,000 per year (approximately PHP 500 per month).
2. Suzuki Celerio
💰 Cheapest annual car insurance premium: PHP 6,596 (2021 1L Gas M/T)
Owning this five-seater hatchback fits nearly every budget in the Philippines, thanks to its low car insurance price at less than PHP 7,000. Despite being the most affordable car in this list, the Suzuki Celerio is packed with impressive features such as a fuel-efficient engine. Reviews claim that the car’s overall fuel efficiency was close to 13 km/L.
As for safety features, the Suzuki Celerio has an anti-lock braking system, airbags for the driver and the front passenger, height-adjustable front seat belts, rear seat belts, parking sensors, and engine check warning, among others.
3. Tata Vista Ini
💰 Cheapest annual car insurance premium: PHP 7,017 (2021 1.4L Gas M/T)
If you’re looking for a non-mainstream hatchback, you may want to check out the Tata Vista Ini. Its simple and conservative look is what actually makes it stylish. While it’s small, it can seat up to five persons, making it an ideal family car for budget-conscious buyers.
The Tata Vista Ini is packed with safety and security features, such as airbags for the driver and the front passenger, anti-lock brake system, immobilizer, and electronic door locks.
Should you consider the Tata Vista Ini as your first car, you’ll be glad to know that it’s also one of the cheapest cars to insure at around PHP 7,000 (approximately PHP 600+ per month).
4. Chevrolet Spark
💰 Cheapest annual car insurance premium: PHP 7,643 (2021 LS 1L Gas M/T)
The lowest-priced Chevy model also happens to be one of the American carmaker’s cheapest cars to insure. The Chevrolet Spark is a five-seater hatchback with a 5-speed manual transmission and an engine that produces power measured at 98 hp and torque pegged at 128 Nm.
Its key safety features are the following: anti-lock braking system, driver and passenger airbags, crash sensor, child safety locks, front and side impact beams, height-adjustable front seat belts, and engine check warning.
5. Mitsubishi Mirage G4
💰 Cheapest annual car insurance premium: PHP 8,868 (2021 GX 1.2L Gas M/T)
If practicality is what you’re after, then look no further than this Mitsubishi subcompact sedan. Mitsubishi Mirage G4 is one of the cheapest sedans to insure from the Japanese car manufacturer. It won’t cost you more than PHP 10,000 per year to insure your Mirage G4, as long as you shop around for good car insurance coverage and compare quotes.
Each Mitsubishi Mirage G4 is outfitted with advanced safety features, such as the following: driver and front passenger airbags, rear seat belts, seat belt warning, crash sensor, side impact beams, and engine check warning. If you have kids, they’ll surely benefit from child safety locks and door ajar warning.
6. Kia Picanto
💰 Cheapest annual car insurance premium: PHP 9,306 (2021 SL 1L Gas M/T)
Kia Picanto is one of the lowest-priced and most fuel efficient hatchbacks in the Philippines. But did you know that you can also save a great deal of money when insuring the Picanto? Car insurance prices for the Kia Picanto start at less than PHP 10,000. That’s just around PHP 776 per month!
This tiny car is big on safety features. It has a driver airbag, child safety locks, seat belt warning, rear seat belts, crash sensor, front and side impact beams, and engine check warning. It also has a day and night mirror, which reduces glare while you’re driving.
7. Honda City
💰 Cheapest annual car insurance premium: PHP 10,387 (2021 E 1.3L Gas M/T)
Those who want to own a Honda Civic but find it too pricey could opt for its lower-priced, no-frills, and more fuel-efficient brother—the Honda City. This five-seater subcompact sedan is also one of the cheapest sedans to insure. Keeping the Honda car insurance cost low is its wide array of safety features such as dual airbags, anti-lock braking system, ISOFIX child seat anchors, and three-point seatbelts for all occupants. It also has stability control, security alarm, and speed sensing door locks.
8. JAC S1
💰 Cheapest annual car insurance premium: PHP 11,013 (2021 1.3L Gas M/T)
As the smallest crossover in the world, the JAC S1 bridges the gap between hatchbacks and SUVs. Priced at just around PHP 600,000, this cute mini SUV from Chinese automaker JAC Motors is one of the cars that are cheap for insurance as well, with a monthly premium of approximately PHP 918.
9. Suzuki Dzire
💰 Cheapest annual car insurance premium: PHP 11,129 (2021 GA 1.2L Gas M/T)
Car buyers have several good reasons to consider Suzuki Dzire. First, its GL 1.2 MT variant is the lowest-priced sedan in the Philippines at around PHP 600,000. Its fuel consumption of 28.40 km/L makes it one of the top five fuel efficient cars in the country.
The Dzire is relatively safe to drive, too. The sedan’s body structure absorbs impact when the car hits a pedestrian, minimizing head and leg injuries. Also noteworthy is Suzuki’s Total Effective Control Technology[1] that absorb impact during a car collision, reducing damage to the car and injuries to its occupants.
To complement such safety features, this car is also designed with an anti-lock braking system, driver and front passenger airbags, brake assist, seat belt warning, rear seat belts, and engine check warning.
These innovative safety features make Suzuki Dzire one of the cheapest cars to insure in the Philippines.
10. Suzuki APV
💰 Cheapest annual car insurance premium: PHP 11,135 (2021 GA 1.6L Gas M/T)
Another Suzuki model that’s one of the cheapest cars to insure in the Philippines is the APV. This eight-seater compact multi-purpose vehicle is ideal if you need a family hauler with an affordable price tag (at under PHP 651,000) and car insurance premium (around PHP 927 monthly).
Driving or riding this car shouldn’t stress or worry you, as it has an anti-lock braking system, driver and front passenger airbags, parking sensors, child safety locks, crash sensor, door ajar warning, seat belt warning, and more.
11. Suzuki Ertiga
💰 Cheapest annual car insurance premium: PHP 11,226 (2021 GA 1.4L Gas M/T)
Suzuki’s entry-level compact MPV is one of the cheapest cars to insure in the Philippines. Like other Suzuki models, the Ertiga’s body is equipped with the Total Effective Control Technology that effectively absorbs impact during a car accident. The seven-seater vehicle indeed makes for a perfect hauler for the Filipino family.
12. Toyota Wigo
💰 Cheapest annual car insurance premium: PHP 11,426 (2021 E 1.0L Gas M/T)
Toyota is popular for having the most affordable, practical, and reliable cars. Topping the list of the cheapest cars to insure in the Japanese carmaker’s lineup is the beloved hatchback Wigo.
With this four-wheeled buddy, you can keep your car ownership costs low. First of all, you can buy one for as low as PHP 568,000 (for the E 1.0L M/T variant). Insuring a 2021 Toyota Wigo will cost you at least PHP 11,426 per year.
Whether you’re driving it around the city or giving it a spin on country roads, you’ll always feel safe and secure in this car, as it is equipped with an anti-braking system, driver and front passenger airbags, seat belt warning, rear seat belts, door ajar warning, and crash sensors. Moreover, it has child safety locks, front and side impact beams, and engine check warning.
13. Honda Brio
💰 Cheapest annual car insurance premium: PHP 11,969 (2021 S 1.2L Gas M/T)
Honda’s smallest and most affordable model is also one of the cheapest cars to insure in the Philippines. These features make Honda Brio suitable for the mass market, especially for buyers who just need a simple city car that’s affordable to obtain and maintain.
At its price and size, Honda is surprisingly loaded with safety and security features, some of which are not present in other hatchbacks. These include the following: anti-lock braking system, driver and front passenger airbags, rear seat belts, seat belt warning, crash sensor, child safety locks, front and side impact beams, day and night rear view mirror, and engine check warning.
14. Nissan Almera
💰 Cheapest annual car insurance premium: PHP 12,891 (2021 1.2L Gas M/T)
Nissan’s cheapest model (priced at under PHP 700,000) is also the one with the cheapest car insurance price. For less than PHP 13,000 per year, you can get this sedan insured.
The Almera’s safety features—such as the engine immobilizer, smart braking technologies, and anti-lock braking system—help keep its car insurance cost low. It’s also equipped with driver and front passenger airbags, rear seat belts, seat belt warning, crash sensor, child safety locks, day and night rear view mirror, and door ajar warning.
15. Honda Brio Amaze
💰 Cheapest annual car insurance premium: PHP 12,306 (2021 E 1.3L Gas M/T)
Like its hatchback sibling, the five-seater Honda Brio Amaze sedan is both affordable to own and insure. Sold under PHP 700,000, the E 1.3L MT variant can be insured for as low as roughly PHP 12,000 every year.
16. JAC S2
💰 Cheapest annual car insurance premium: PHP 13,075 (2021 1.5L Gas M/T)
SUVs tend to be expensive, but who says you can’t find a high-quality one with a reasonable price? If you’re planning to buy your first SUV, the JAC S2 should be it. A lot of proud and satisfied owners swear by its style (one claims that it has a European design), its versatility, and its performance, thanks to its engine that fires 111 hp of power and 146 Nm of torque.
The JAC S2’s safety features include an anti-lock braking system, driver and front passenger airbags, rear seat belts, seat belt warning, brake assist, door ajar warning, crash sensor, child safety locks, rear camera, and vehicle stability control system. Since this car’s loaded with such features, it has a relatively cheap annual insurance cost pegged at PHP 13,075. It’s a small price to pay for an SUV.
17. JAC J4
💰 Cheapest annual car insurance premium: PHP 13,105 (2021 1.5L Gas M/T)
Another JAC model on the list of the cars that are cheap for insurance is the J4, an entry-level subcompact sedan. Even with its affordable car insurance cost and selling price, the JAC J4 doesn’t scrimp on features. Its 1.5-liter engine generates a whopping 111 horsepower and 146 Nm of torque. The European exterior styling, on the other hand, exudes elegance and class.
When it comes to safety features, the JAC J4 has the following: driver and passenger airbags, electronic brake distribution, immobilizer, security alarm, electronic door locks, rear parking sensors, and speed sensing door locks.
18. Kia Stonic
💰 Cheapest annual car insurance premium: PHP 13,304 (2021 LX 1.4L Gas M/T)
Launched in the Philippines in 2020,[2] the Kia Stonic captured the attention of car lovers and would-be owners alike because of its edgy look and promising mechanical features. This beautiful machine can seat up to five people, making it an ideal car for families. It can churn out power pegged from 94 hp at 6,000 rpm to 98 hp at 6,000 rpm.
The Kia Stonic is equipped with driver and passenger airbags, child safety locks, anti-lock braking system, rear seat belts, seat belt warning, day and night rear view mirror, and rear camera.
19. Volkswagen Santana
💰 Cheapest annual car insurance premium: PHP 13,368 (2021 MPI 1.4L Gas M/T)
Volkswagen is synonymous with luxury. But owning one is actually a lot easier than you think. The Volkswagen Santana, geared towards the mass market, is not only the most affordable model from the German brand but also the one with the cheapest car insurance cost at only around PHP 13,000 every year.
Because German cars have a reputation for accurate design and engineering, expect that your Volkswagen Santana is loaded with detailed safety features. These include driver and passenger airbags, seat belt warning, height-adjustable front seat belts, door ajar warning, crash sensor, child safety locks, and engine check warning.
20. Toyota Vios
💰 Cheapest annual car insurance premium: PHP 13,549 (2021 J Base Model 1.3L Gas M/T)
The Vios is among Toyota’s perennial top-sellers. While its appeal comes from the model’s affordable price tag and bang-for-the-buck features, not many probably know that the Toyota Vios is also among the cheapest sedans to insure in the Philippines.
Contributing to the low car insurance cost for the Vios is its range of safety features. The 2018 year model even earned a five-star rating in the New Car Assessment Program for Southeast Asia (ASEAN NCAP) Crash Test.
The 2021 model continues to live up to that prestige. Its safety features include driver and front passenger airbags, rear seat belts, seat belt warning, brake assist, anti-lock braking system, door ajar warning, engine check warning, and vehicle stability control system.
21. Suzuki Swift
💰 Cheapest annual car insurance premium: PHP 14,833 (2021 1.2L Gas M/T)
A lot of hatchbacks are often thought of as basic vehicles that lack character. Those who say it might have not seen the Suzuki Swift yet. It’s one of the most beloved hatchbacks in the country, thanks to its recognizable body and reliable engine.
The Suzuki Swift can take on city driving and even country trips, as its 1.2L engine is pretty powerful and the suspension is firm. Its safety features also make it one of the cheapest cars to insure in the Philippines at around PHP 14,000 per year. The Suzuki Swift is equipped with the following: driver and passenger airbags, child safety locks, anti-lock braking system, and brake assist.
Moreover, the driver and the passengers will feel safe every trip, as the car features rear seat belts, height-adjustable front seat belts, seat belt warning, door ajar warning, and day and night rear view mirror.
3 Cheapest Luxury Cars to Insure in the Philippines in 2021
1. Toyota FJ Cruiser
💰 Cheapest annual car insurance premium: PHP 34,155 (2021 4.0L Gas A/T)
If you’re the type of driver who conquers the weekends by venturing into rugged terrains or navigating uncharted territories, the Toyota FJ Cruiser is for you. Nevertheless, this off-road vehicle offers a commendable driving experience even in the city.
Because the FJ Cruiser is designed for rough driving, you’ll get safety features expected from a vehicle of this type. These include driver and passenger airbags, anti-lock braking system, child safety locks, rear seat belts, seat belt warning, crash sensor, and rear camera.
If you’re driving in a very bright morning or at night when headlights flood your car, the day and night rear view mirror can help you easily deal with the glare. The car is also equipped with front and side impact beams, traction control, and engine check warning.
2. Chevrolet Camaro
💰 Cheapest annual car insurance premium: PHP 56,396 (2021 3LT RS 2.0L Gas A/T)
Whether you’re a fan of Transformers’ Bumblebee[3] or you just want a car that you can flex on the road, you and the Chevrolet Camaro are obviously a match made in heaven. As expected from a luxury car, the Camaro has a range of impressive qualities, ranging from its power of 275 hp to its high-tech voice control feature.
When it comes to safety, the Camaro ticks off all that you look for in a car. This four-seater sports car has the following: driver and front passenger airbags, side airbag, anti-lock braking system, brake assist, rear seat belts, seat belt warning, height-adjustable front seat belts, rear camera, day and night rear view mirror, crash sensor, and parking sensors.
Additionally, the Camaro boasts front and side impact beams, door ajar warning, tire pressure monitor, and engine check warning.
3. Lexus ES
💰 Cheapest annual car insurance premium: PHP 77,495 (2021 350 3.5L Gas A/T)
The Lexus ES is not just a thing of beauty and luxury. You can also consider it as an epitome of power. Don’t let its elegant aesthetics fool you because underneath it all, it boasts an engine that can fire up to 300 hp of power and 357 Nm of torque.
The smooth driving experience that it offers is complemented with top-notch safety. The Lexus ES is complete with safety features, such as anti-lock braking system, airbags for the driver and front seat passenger, side airbags for the front and rear sections, rear seat belts, seat belt warning, child safety locks, rear camera, and vehicle stability control system.
Final Thoughts
The car insurance prices listed here are based on the lowest-priced premiums for 2021 models. Your actual car insurance cost could be higher or lower depending on the unit’s year model and whether your car is brand-new or second-hand, among other factors.
Finding the cheapest car insurance can be a challenge, but it doesn’t have to stay that way. Here at Moneymax, you can find the best deals on car insurance by using our comparison tool. And if you find the package that’s right for you, you can apply right away through us. We also offer end-to-end car insurance services to streamline the whole process and help you save time!
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Sources:
- [1] Suzuki Dzire Product Specifications
- [2] Kia Stonic/KX1 Due Out in Philippines in October (Forma Car News, 2021)
- [3] Four Bumblebee Chevrolet Camaros Sell For $500,000 at Barrett-Jackson Auction (The Drive, 2019)
Venus is the Head of Editorial Content at Moneymax, with 15+ years of experience in digital marketing, corporate communications, PR, and journalism. She invests in stocks, mutual funds, VUL, and Pag-IBIG MP2. Outside of work, she’s crazy about cats and Korean dramas. Follow Venus on LinkedIn.
