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Comprehensive Car Insurance: What is it and Do You Need it?

Ricky Publico

Ricky Publico

Last updated March 21, 2024

Owning a car entails many responsibilities. Before you can even drive it, you need to accomplish basic requirements such as getting it registered and insured.

While registering your car is straightforward, getting comprehensive car insurance in the Philippines is more complex. You need to research, determine the coverage your vehicle needs, and choose an insurance company that offers the best deals.

But don’t let the process discourage you from insuring your car. Learn everything about comprehensive car insurance through this beginner-friendly guide.

What is Comprehensive Coverage in Car Insurance?

comprehensive car insurance philippines - what is comprehensive coverage in car insurance

First, what is the meaning of comprehensive car insurance in the Philippines? True to its name, comprehensive insurance for cars in the Philippines or “compre” is a broader type of policy than the other type of car insurance, Compulsory Third-Party Liability Car Insurance (CTPL).

What Does Comprehensive Car Insurance Cover?

Comprehensive car insurance provides financial protection for you and your car with the following coverage:

  • Acts of God, including typhoons and earthquakes
  • Liabilities caused by accidental collision and overturning
  • Car theft and burglary
  • Fire and explosion
  • Riots, strikes, and other malicious acts by third parties
  • Damage to your own car
  • Third-party liability or damage to other people's property, including cars, buildings, and others
  • Legal liabilities for third parties in case of death or bodily injury

Take note that comprehensive car insurance doesn't cover ordinary vehicle wear and tear.

Read more: What Inclusions Should You Get With Your Car Insurance?

Is Comprehensive Insurance Mandatory for Cars in the Philippines?

First, you need to understand that there are two types of car insurance in the Philippines: the aforementioned CTPL and comprehensive car insurance.

What is the difference between CTPL and comprehensive car insurance? While CTPL insurance protects the general public, comprehensive insurance protects you, your car, and your passengers from an extended list of road-related risks and hazards.

Comprehensive insurance is not required in the Philippines, unlike CTPL which is compulsory for all vehicle owners.

You might think CTPL insurance is enough because you’re a good driver. But even if you’re the most careful on the road, you'll likely encounter a driver who’s not. When an accident happens, CTPL insurance can only cover so much.

Comprehensive car insurance gives you a sense of security knowing that your investment won't go to waste, no matter what happens on the road. 

Without comprehensive insurance, you’re just gambling with fate. You'll shoulder all damage associated with your vehicle in the event of an accident and pay for repairs, replacements, medical bills, legal services, and other fees.

Who Needs Comprehensive Car Insurance?

While it’s not mandatory, every car owner can benefit from a comprehensive car insurance policy's inclusions.

Just take a look at the Acts of God cover, which can financially protect you from flooding and other types of damage caused by typhoons. It’s a must-have since the country weathers at least nine tropical cyclones a year. 

If you take busy roads regularly, you need comprehensive car insurance. Busier thoroughfares often come with more accident risks, thus the need for protection. 

Are you a new driver? Newbies are likely to get into accidents, so make sure to get a comprehensive car insurance policy. Keep in mind, however, that policies for new drivers tend to bear heftier premiums.

How Much is Comprehensive Car Insurance in the Philippines?

comprehensive car insurance in the philippines - how much

Unlike CTPL insurance, there are no fixed rates for comprehensive insurance for cars in the Philippines. Every comprehensive policy coverage differs by price, as they depend on the current state of your vehicle.

Generally, coverage can cost between ₱10,000 and ₱50,000 per year. But various factors can influence the cost of your insurance premium: 

  • Model - The fancier the vehicle, the more expensive the policy.
  • Make - Luxury and foreign makes are more costly to insure.
  • Year - Older cars are cheaper to insure.
  • Usage - How worn out is the car? Its condition will affect the price.
  • Accessories - The number of accessories installed in your vehicle can also increase the rate.
  • Safety features - The safer the car is, the cheaper it is to insure.
  • Fair market value - How expensive is your car? The car insurance cost is higher for more expensive vehicles.
  • Depreciation - How new/old is your car? Cars depreciate over time, which also decreases the cost of insuring them.
  • Driving experience – As mentioned, new drivers tend to fetch more expensive policies since they’re prone to accidents. 

Fair market value[1] refers to the estimated price of your car according to its model and series. 

It's a relatively accurate estimate of how much the insurance company will cover in case of vehicle damage or loss. Insurers also consider your car’s depreciation when determining the price of your insurance.

In theory, you’ll get a cheaper insurance policy if you insure an older car. Most insurers apply a straight-line 10% annual depreciation[2] to the value of vehicles. Of course, the overall price may vary depending on the types of car insurance coverage included.

Read more: Price of Luxury: Insurance for Expensive Cars in the Philippines

Where to Get a Free Car Insurance Quotation in the Philippines

Below is a list of top car insurance companies and their features. Compare your options and get a free quote from Moneymax!


comprehensive car insurance philippines - oona

Formerly known as MAPFRE, OONA is a car insurance company in the Philippines that provides various coverage options for your car. 

OONA’s Auto Comprehensive Insurance is the company’s most complete car insurance, composed of basic coverage plus Acts of Nature (AON). Here are the inclusions: 

  • Own damage
  • Theft
  • Fire
  • Unnamed passenger personal accident
  • Strike and riots (optional)
  • Compulsory third-party liability (optional) 
  • Excess liability insurance bodily injury and property damage
  • Acts of nature

If you want to give your Auto Comprehensive Insurance policy a boost, you may want to include supplementary coverage: 

  • Road assist
  • Personal property
  • Increased towing expense
  • Security glass etching
  • Cost of bail bond

comprehensive car insurance - oona

📌 Malayan Insurance

comprehensive car insurance philippines - malayan

Malayan Insurance’s AutoMaster offers comprehensive protection against accident-related injuries and other types of damages. Take note that Malayan Insurance only insures motor vehicles up to eight years old. 

Get the following product benefits: 

  • Personal damage and automobile loss
  • Personal accident 
  • Riots, strikes, and civil commotion
  • Third-party liability
  • Acts of Nature
  • Loss of use with reimbursable transportation allowance worth up to ₱500 for up to 15 days while your car is being repaired
  • Optional protection for valuable accessories
  • Access to more than 160 accredited repair shops nationwide
  • Free, unlimited access to MediMate, 24/7 access to TeleMedicine 
  • Access to CAMILLE (Call Malayan Insurance Live Line) 24/7 road assistance, which covers the following: 
  • Towing assistance
  • Removal of vehicle
  • Minor roadside repair
  • Hotel accommodation
  • Travel assistance
  • Emergency medical transport
  • Legal referral
  • Repatriation of mortal remains
  • General claims assistance

comprehensive car insurance philippines - malayan

📌 Prudential Guarantee and Assurance, Inc.

comprehensive car insurance philippines - pgai

You can also get comprehensive car insurance coverage from Prudential Guarantee and Assurance, Incorporated. Policyholders enrolled in its Auto Insurance Program can exclusively enjoy the following privileges anywhere in the Philippines 24/7: 

  • Vehicle retrieval service - Prudential will provide a free retrieval service if your vehicle falls in a ravine, gutter, or bridge. 
  • Vehicle breakdown service - In case of a breakdown, you can avail of minor on-site repairs, like jumpstart, battery boosting, tire changing, car lockout, and fuel delivery. 
  • Towing service - You can get free towing to the nearest repair facility if your car breaks down or gets involved in an accident. 
  • Alternative transport to destination - If your vehicle breaks down outside Metro Manila and immediate repair isn’t possible, Prudential will arrange for a vehicle to bring you to your destination. 
  • Alternative overnight accommodation - In case your car breaks down outside Metro Manila and immediate repair or alternative transport is unavailable, Prudential will provide free standard overnight hotel accommodation.
  • Ambulance service - Prudential will dispatch an ambulance to take passengers to the nearest medical facility in case the insured vehicle meets an accident.
  • Emergency relay service - In case of an accident or vehicle breakdown, Prudential can relay urgent messages upon the client’s request.

comprehensive car insurance - prudential

📌 SGI Philippines 

comprehensive car insurance philippines - sgi

SGI Philippines offers complete protection for both private and commercial vehicles. Essential coverage like third-party liability, property damage, bodily injury, personal accident, and Acts of Nature, are included. 

SGI Philippines’ commercial vehicle insurance applies to buses, trucks, and taxis. Coverage includes fire, theft, self-ignition-caused damage, lightning, external explosion, burglary, riot, strikes, earthquakes, floods, accidents, and malicious acts. 

comprehensive car insurance philippines - sgi

📌 Stronghold Insurance

comprehensive car insurance philippines - stronghold

Get a Stronghold Motor Car Insurance policy if you want peace of mind on and off the road. This type of insurance policy can compensate you for losses due to theft, vehicle damage due to a traffic accident, or malicious damage by a third party. It can also cover legal liability against accidents to third parties arising from using your vehicle that result in property damage, bodily injury, or death. 

Stronghold’s Motor Car Insurance offers coverage to private cars, motor trades, and commercial vehicles. 

comprehensive car insurance in the philippines - stronghold

📌 Mercantile Insurance 

comprehensive car insurance philippines - mercantile insurance

Protect your precious car on the road with Mercantile Motor Car Insurance. This insurer has been in the business for more than 60 years, so you can feel at ease with its decades of experience.  

Mercantile Insurance’s comprehensive car insurance has the following inclusions: 

  • Own damage
  • Excess bodily injury
  • Theft 
  • Property damage 
  • Acts of nature 
  • Auto passenger personal accident insurance 

Motor Car Insurance value-added services include the following:  

  • Auto Assistance Program
  • Teleconsultation 
  • Emergency access via mobile app

comprehensive car insurance in the philippines - mercantile

📌 Standard Insurance

comprehensive car insurance philippines - standard

Car Protect by Standard Insurance is another excellent option for car owners seeking the most comprehensive protection. It offers the following types of coverage: 

  • Own damage - In case of accidental collision, falling, overturning, fire, and other third-party malicious acts resulting in damage to property, Standard Insurance has you covered.
  • Third-party property damage - You’re also covered against liability for damage caused by your insured vehicle to a property that belongs to a third party. 
  • Voluntary third-party liability/excess bodily injury - Opt for this if you want more beyond your regular third-party liability coverage against death or bodily injury. 

Standard Insurance offers other value-added services like the following: 

  • Free Personal Accident (PA) coverage
  • Unnamed Passenger Personal Accident Insurance coverage
  • Casa repair 
  • Automatic technical assistance 
  • Coverage against theft and Acts of Nature 
  • Roadside assistance

comprehensive car insurance in the philippines - standard

📌 FPG Insurance

comprehensive car insurance philippines - fpg

If you’re looking for complete car insurance protection, get one from FPG Insurance. MyAutoMate by FPG Insurance provides coverage against the following: 

  • Own damage
  • Acts of nature 
  • Theft 
  • Strikes, riots, and civil commotion (SRCC)
  • Voluntary third-party liability (bodily injury and property damage)
  • Personal accident insurance
  • Cover for undeclared non-standard accessories 
  • Inter-island transit cover 

FPG Insurance’s MyAutoMate also comes with free roadside assistance, provided that your vehicle is below 12 years old and covered by the said insurance program. If your car is insured with FPG, you can call the company’s hotline anytime you need emergency assistance due to the following: road traffic incidents, acts of nature, destruction caused by fire, vehicle immobilization caused by theft, etc. 

For roadside assistance, you’ll get the following: 

  • Vehicle assistance – This includes towing, battery boosting, locksmith service, delivery of spare key, misfueling cover, and flat tire replacement, among others. 
  • Personal assistance – Under this, you’ll get hotel accommodation, relay of urgent messages, driving directional assistance, and legal assistance, just to name a few. 
  • Medical assistance – This covers hospital admission assistance, ambulance coordination assistance, health professional appointment, and more. 
  • 24-hour information assistance – This includes taxi arrangement services (including Grab), alternative driver service assistance (in case you’re unable to drive the vehicle; costs to be covered by you), and information services regarding road conditions, weather, nearest fueling stations, and telephone numbers of hospitals, police outposts, and fire stations.

comprehensive car insurance philippines - fpg

To sum it up, here’s a table that compares the coverage of comprehensive car insurance products in the Philippines:

Coverage Oona Malayan PGAI SGI Stronghold Mercantile Standard FPG
Acts of nature ✔️ (Auto Comprehensive Plus) ✔️ ✔️ ✔️ ✔️ ✔️
Roadside assistance ✔️ ✔️ ✔️ ✔️ ✔️ ✔️
Fire ✔️ ✔️ ✔️
Own damage ✔️ ✔️ ✔️ ✔️ ✔️ ✔️
Personal accident insurance ✔️ ✔️ ✔️ ✔️ ✔️ ✔️ ✔️
Theft  ✔️ ✔️ ✔️ ✔️ ✔️ ✔️ ✔️
Voluntary third-party liability ✔️ ✔️ ✔️ ✔️ ✔️ ✔️


8 Things to Consider When Buying Comprehensive Insurance for Your Car

Buying car insurance for the first time can be intimidating, especially when you don’t understand what you’re buying. Think over these considerations before making a decision. 

✔️ What the Fine Print States

As the driver and car owner, it's essential that you fully understand everything before signing it. Read the documents provided to you. Check the inclusions and exclusions, plus the clauses and terms that will help you during claims and renewal.

Also, ask the insurance provider to explain all the fine print to you.

✔️ Your Budget

When looking for comprehensive insurance for your car in the Philippines, consider your vehicle, lifestyle, and budget. While more coverage means more security, it also means more expenses. Be smart and get only the policy you need.

Read more:

✔️ Your Car's Fair Market Value

Many people overlook the value of their car and how this will impact the cost of their insurance. Some old cars that you can buy for cheap might be uninsurable. Before signing on the dotted line, determine if you can afford the car and insurance coverage.

✔️ The Insurance Provider

Don’t settle with a single insurance company when other companies can offer you a better and cheaper deal. Read more about the top car insurance companies in the Philippines, and let Moneymax help you choose the right provider.

✔️ Claims Process

Convenience is an important consideration in buying car insurance. Find an insurance provider that you can call 24/7, as any accidents can happen at any time of the day. 

Ask about the details for reporting a claim. Peace of mind should be the primary purpose of having your car covered.

✔️ Premium Payment Options

It’s smarter to go for an insurance provider with a payment schedule that’s easy on your wallet. Ask your agent about all possible payment options if you can’t afford an annual fee. 

Most companies have yearly and six-month premiums, while others with more frequent options may add a surcharge. However, you may also get a discount for paying the annual cost at once.

✔️ Any Hidden Fees

Whatever the cost of the premium, you'll have to pay fees as well. Insurance providers should give you a “schedule of fees” that may include items like cancellation fees or change of address. Be aware of these fees and negotiate with the provider to waive or lower them.

✔️ Your Policy Schedule

Take note of your policy's term and expiry date to avoid additional costs from your insurance company.

How to Get a Comprehensive Car Insurance Policy in the Philippines

comprehensive car insurance philippines - how to get

Since you already have CTPL insurance, you should know the process. You can purchase comprehensive insurance from a company other than your CTPL provider.

Take the time to compare rates from different providers to find the best deal possible. Once you’ve picked out your provider, here are the comprehensive car insurance requirements to prepare:

  • Original vehicle receipt
  • Certificate of Registration of your vehicle
  • Your driver’s license
  • Another valid government ID
  • Photocopies of each document

It’s the same process when applying for CTPL insurance. Submit the documents to your chosen insurer, pay the premium, and wait for your insurance policy.

You'll receive a digital copy through email and a hard copy which will arrive at the address you provided. Always keep in touch with your provider for further questions regarding your insurance.

Comprehensive Car Insurance in the Philippines: FAQs

Still have questions on comprehensive car insurance?

1. What is an insurance deductible? 

The insurance deductible is the amount of money you’ll need to cover before the insurance company processes your claim.

2. Can I cancel my comprehensive car insurance?

Yes, but remember that there are consequences. Primarily, you lose financial protection in case something happens to your car. Moreover, you have to pay the cancellation fee. 

3. What happens if I stop paying my car insurance premium? 

Generally, car insurance companies provide a grace period for settling late payments. But if you stop paying your premium, the following may happen: 

  • The insurer will cancel your policy. This means you will lose the protection your insurance offers. 
  •  Your next car insurance may get more expensive. Your history may give the insurer the impression that you’re a high-risk client. 

4. What are the payment options available for comprehensive car insurance? 

You can settle your annual car insurance in full, but you always have the option to pay the insurer in installments. The latter is a great alternative if you’re looking for flexibility in your budget. 

But how to settle your comprehensive car insurance in the Philippines? Generally, you can use these payment channels: 

  • Credit card or debit payment (including auto-payment)
  • Check payment
  • Digital wallet payment (e.g. GCash)
  • Online banking
  • Phone banking
  • Over the counter 

5. What happens to comprehensive car insurance if I sell my car? 

Remember that the car insurance policy is attached to your name. If you’re selling your car, you may request to transfer the insurance to the new owner. 

Final Thoughts

If you love your car and want to take care of it, you must get comprehensive insurance. It's the protection you, your passengers, and your vehicle need. 

But if the entire process of getting comprehensive car insurance in the Philippines still confuses you, we’re here to help!

Moneymax can take you through the entire process of getting auto insurance. From choosing the right comprehensive insurance for your car in the Philippines to filing your insurance claim, Moneymax will assist you every step of the way. 

Get started by getting a free quote below:

Get a free car insurance quote

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.


Ricky is the zaniest Product Marketing Manager at Moneymax, with over six years of writing experience in the digital marketing industry. He had written for SEO, cybersecurity, and other related industries prior to joining Moneymax. He also specializes in content writing, copywriting, and email marketing. He is a huge fan of pro-wrestling, One Piece, and smartphones in general. Follow Ricky on LinkedIn.


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