Toyota Car Insurance in the Philippines: How Much Does It Cost?

Moneymax Editorial Team

Moneymax Editorial Team

Last updated June 15, 2022

Toyota remains the undisputed best-selling car brand in the Philippines, leading the automotive market with around 48% share of the sales from January to September in 2021.[1]

Also, the Japanese carmaker has among the most talked-about vehicle models, at least in the Philippines. Out of the 10 most popular cars in the country in 2021,[2] seven are Toyota models: Vios, Hilux, Wigo, Innova, Fortuner, Rush, and Hiace.

If you recently bought or are considering getting a Toyota, its affordable selling price is most likely the key factor in your purchase decision. It makes a lot of sense—in these financially challenging times—to look for the cheapest Toyota car insurance price for your new ride.

Keep reading to get an idea of how much it will cost you to get Toyota car insurance in the Philippines.

Are Toyotas Expensive to Insure?

Toyota car insurance in the Philippines, as with other Japanese cars like Nissan and Honda car insurance, generally come cheap. What drives a Toyota car insurance price down is the vehicle brand’s high safety ratings. Toyotas are equipped with top-notch safety features, which are factors that affect car insurance costs. Also, Toyota car parts are easy and affordable to replace or repair.

Here’s a table showing the lowest Toyota car insurance price per model if you’re looking for the cheapest coverage for your vehicle. Note that the prices are estimates from vehicle insurance providers. The actual car insurance costs may still vary per Toyota model variant.

Lowest Annual Toyota Car Insurance Price per Model in the Philippines

Toyota ModelCheapest Annual PremiumCar Trim
Toyota Wigo₱11,4262022 Toyota Wigo E 1.0L Gas M/T
Toyota Vios₱13,2862022 Toyota Vios J Base Model 1.3L Gas M/T
Toyota Hilux₱14,9542022 Toyota Hilux CabChassis 2.4L Diesel M/T
Toyota Avanza₱15,4582022 Toyota Avanza E 1.3L M/T
Toyota Yaris₱15,9282022 Toyota Yaris E 1.3L Gas M/T
Toyota Rush₱17,0922022 Toyota Rush E 1.5L Gas M/T
Toyota Veloz₱18,5742022 Veloz 1.5L Gas A/T
Toyota Corolla Altis₱18,7012022 Toyota Corolla Altis E 1.6L M/T
Toyota Innova₱20,2542022 Toyota Innova J 2.8L Diesel M/T
Toyota Hiace₱23,1572022 Toyota Hiace Commuter 3.0L Diesel M/T
Toyota Fortuner₱26,9762022 Toyota Fortuner G 2.4L Diesel M/T
Toyota FJ Cruiser₱34,1552022 Toyota FJ Cruiser 4.0L Gas A/T

Get a Free Car Insurance Quote for Your Toyota

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

Car Insurance Company Features
MAPFRE Insular

Get Free Quote
  • 10 years of casa eligibility
  • 366 accredited repair shops
  • PHP 5,000,000 maximum total sum insured
  • Overnight accommodation - Yes, up to PHP 3,000
  • Towing - Yes, up to PHP 5,000
  • Vehicle removal crane services - Yes, up to PHP 10,000
Malayan Insurance

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  • 3 years of casa eligibility
  • 58 casa repair shops
  • PHP 7,500,000 maximum total sum insured
  • Overnight accommodation - Yes, up to PHP 1,000
  • Towing - Yes, up to PHP 4,000
  • Vehicle removal crane services - Yes, up to PHP 8,000
Prudential Guarantee

Get Free Quote
  • 10 years of casa eligibility
  • PHP 3,000,000 maximum total sum insured
  • Overnight accommodation - Yes, up to PHP 2,000
  • Towing - Yes, up to PHP 5,500
  • Vehicle removal crane services - Yes, up to PHP 15,000
SGI Philippines

Get Free Quote
  • 5 years of casa eligibility
  • 36 accredited repair shops
  • PHP 5,000,000 maximum total sum insured
  • Overnight accommodation - Yes, up to PHP 2,000
  • Towing amount - Yes, up to PHP 5,000
  • Vehicle removal crane services - PHP 10,000
Stronghold Insurance

Get Free Quote
  • 10 years of casa eligibility
  • 167 accredited repair shops
  • PHP 3,000,000 maximum total sum insured
The Mercantile Insurance Corporation

Get Free Quote
  • 10 years of casa eligibility
  • 77 accredited repair shops
  • PHP 5,000,000 maximum total sum insured
  • Overnight accommodation - Yes, up to PHP 2,000
  • Towing - Yes, up to PHP 5,000
  • Vehicle removal crane services - Yes, up to PHP 10,000

Toyota Wigo Insurance Price

Cheapest annual premium: ₱11,426

Toyota car insurance price is for a 2022 Toyota Wigo E 1.0L Gas M/T

toyota car insurance in the Philippines - toyota wigo insurance

If you’re looking for your first car, you won’t go wrong with the Wigo. It’s one of the most affordable cars that you can buy below ₱1 million. The model featured here has a price tag of ₱568,000.

In turn, this car also has the cheapest Toyota car insurance in the Philippines, pegged at ₱11,426. This Toyota Wigo 2021 price in the Philippines is still what you'll get if you'll insure your Wigo this 2022.

While it’s the smallest car under the Toyota brand, it can still seat up to five people. The mini hatchback’s 1.0-liter three-cylinder gasoline engine features Toyota’s VVTi technology for greater acceleration and fuel efficiency.

Its safety equipment includes driver and passenger airbags, child locks, and anti-lock brakes. No wonder Wigo won the Best Adult Occupant Protection and Best Child Occupant Protection awards for the mini car category at the ASEAN NCAP Grand Prix.

Read more: Cheapest Cars to Insure in the Philippines 2022

Toyota Vios Insurance Price

Cheapest annual premium: ₱13,286

Toyota car insurance price is for a 2022 Toyota Vios J Base Model 1.3L Gas M/T

toyota car insurance in the Philippines - toyota vios insurance

It’s safe to say that Vios is an iconic Toyota car. After all, the road is teeming with it, which is a strong testament to its reliability. Filipinos are particularly in love with this model as it rolls beauty, functionality, and value for money into one car.

This sedan is also a joy to drive, thanks to its 1.3L gasoline, 4-cylinder, 16-valve DOHC engine. Its safety features include airbags for the driver and passengers, child safety locks, brake assist, anti-lock braking system, rear seat belts, seat belt warning, crash sensor, among others.

For the Toyota Vios car insurance this year, it's at ₱13,286, a slight increase from the ₱13,121 Vios 2021 price in the Philippines.

Toyota Hilux Insurance Price

Cheapest annual premium: ₱14,954

Toyota car insurance price is for a 2022 Toyota Hilux CabChassis 2.4L Diesel M/T

toyota car insurance in the Philippines- toyota hilux insurance

If you’re a weekend wanderer who carries bikes to the rugged terrains or a businessman who fulfills orders and deliveries, Toyota’s Hilux makes a great choice. It’s packed with power and reliability, thanks to its 2.4-liter diesel engine churning out 148hp and 343Nm.

Its safety technologies are just as powerful, such as the driver and passenger airbags, seat belt warning, crash sensor, engine check warning, and front and side impact beams. Toyota Hilux earned the ASEAN NCAP Grand Prix’s Best Child Occupant Protection for the pickup category.

And while Toyota Hilux is quite big, insurance for the Toyota Hilux starts at just around ₱14,000. Moreover, the Toyota Hilux Conquest 2021 price in the Philippines is not much different with the 2022 insurance price, which is 24,073 (2.4L Diesel M/T).

Toyota Avanza Insurance Price

Cheapest annual premium: ₱15,458

Toyota car insurance price is for a 2022 Toyota Avanza E 1.3L M/T

toyota car insurance in the Philippines - avanza

The Toyota Avanza has a good price for a an MPV and offers style and functionality at the same time. It's perfect for city driving as well as navigating off-road terrains.

It's outfitted with tech and security features, such as electronic brake distribution, airbags, and AUX/USB connectivity, just to name a few. And for a one-year insurance coverage, the price starts at ₱15,458.

Toyota Yaris Insurance Price

Cheapest annual premium: ₱15,928

Toyota car insurance price is for a 2022 Toyota Yaris E 1.3L Gas M/T

toyota car insurance in the Philippines - toyota yaris insurance

A flashy hatchback that’s fun to drive with ample cargo space—that’s what the Toyota Yaris is known for. It’s the ideal car for driving around the city or for hitting the long scenic roads of the rural towns outside Manila for a weekend escape. These defining qualities of the Yaris make this hatchback appealing to married millennials, according to Toyota Motor Philippines.

Its Toyota car insurance price in the Philippines is budget-friendly, too. For around ₱15,000 per year (or ₱1,300+ per month), you can easily insure a Yaris.

Yaris is also packed with safety features. These include airbags for driver and passenger airbags, side airbags, child safety locks, brake assist, anti-lock braking system, rear seat belts, height-adjustable front seat belts, crash sensor, door ajar warning, engine check warning, and front and side impact beams.

Toyota Rush Insurance Price

Cheapest annual premium: ₱17,092

Toyota car insurance price is for a 2022 Toyota Rush E 1.5L Gas M/T

toyota car insurance in the Philippines - toyota rush insurance

The latest addition to Toyota Motor Philippines’ lineup, the Toyota Rush is a huge competition against other small SUVs in the Philippines. Toyota’s best-selling entry-level SUV is available in either a five-seater or seven-seater configuration and is known as “the Daihatsu Terios” in other ASEAN markets. The Toyota Rush insurance price for the 2022 model starts at ₱17,000.

If you put a premium on lifestyle but are strictly managing your budget, the Rush makes a good starter SUV. Likewise, it may double as a family car. It’s packed with safety features, such as driver and passenger airbags, side airbags, child safety locks, anti-lock braking system, brake assist, rear seat belts and seat belt warning. It also has parking sensors, crash sensors, day & night rear view mirrors, and impact beams located in the front and side section of the car.

Toyota Veloz Insurance Price

Cheapest annual premium: ₱18,574

Toyota car insurance price is for a 2022 Veloz 1.5L Gas A/T

toyota car insurance in the Philippines - veloz

Modern comfort meets style and technology with the all-new Toyota Veloz. You can get the 1.5 G CVT variant for ₱1,185,000. It comes equipped with the Toyota Safety Sense that includes a pre-collision system and full airbag deployment. The ergonomics and aesthetics of both the interior and exterior will also definitely impress.

Toyota Corolla Altis Insurance Price

Cheapest annual premium: ₱18,701

Toyota car insurance price is for a 2022 Toyota Corolla Altis E 1.6L M/T

toyota car insurance in the Philippines - toyota altis insurance

The Corolla Altis is another iconic car from the Japanese carmaker. It’s the epitome of elegance with a purpose; its streamlined body is coupled with a powerful engine performance that gives owners a smooth ride. Over the years, the Corolla Altis has also established a reputation for being a fuel-efficient car.

The Corolla Altis is also designed with comprehensive safety features. These include driver and passenger airbags, rear seat belts, door ajar warning, crash sensor, child safety locks, engine check warning, and front and side impact beams.

car insurance policy online

Toyota Innova Insurance Price

Cheapest annual premium: ₱20,254

Toyota car insurance price is for a 2022 Toyota Innova J 2.8L Diesel M/T

Sleek and sporty, the Innova is one of the most sought-after multi-purpose vehicles (MPVs) in the Philippines. Toyota’s best-selling MPV makes a safe family vehicle, as its roomy space can comfortably seat up to eight people. It’s also the perfect vehicle for adventurous groups who go on long road trips or for enterprising people who work in the ride-hailing or delivery industry.

The Innova has a slew of features that will make every ride safe and secure. These include driver and passenger airbags, height-adjustable front seat belts, rear seat belts, seat belt warning, anti-lock braking system, crash sensor, child safety locks, door ajar warning, and engine check warning.

Compared with the lowest Toyota Innova 2021 insurance price in the Philippines (₱17,505), the cheapest annual Innova insurance price for a 2022 model is around ₱20,000.

Toyota Hiace Insurance Price

Cheapest annual premium: ₱23,157

Toyota car insurance price is for a 2022 Toyota Hiace Commuter 3.0L Diesel M/T

toyota car insurance in the Philippines - toyota hiace insurance

The reliable people hauler, the Hiace is Toyota’s best-selling minivan. It has such a big market in the Philippines that Toyota staged in the country the global launch of its new generation of Hiace in early 2019.

Driving a group of people shouldn't be worrisome with the Hiace as it has a wide range of features, including the following: driver and passenger airbags, rear seat belts, door ajar warning, child safety locks, crash sensor, engine check warning, side and front impact beams.

Toyota Fortuner Insurance Price

Cheapest Annual Premium: ₱26,976

Toyota insurance price is for a 2022 Toyota Fortuner G 2.4L Diesel M/T

toyota car insurance in the Philippines - toyota fortuner insurance

Toyota’s best-selling midsize SUV has that unmistakably commanding presence on the road. Its interior screams luxury all over. It has a power boost in the form of a 2.4-liter diesel engine generating up to 148hp and 400Nm of torque, as well as a more masculine exterior.

When it comes to safety, it’s loaded with features, such as driver and passenger airbags, knee airbag, electronic brake distribution, anti-lock brake distribution, immobilizer, stability control, electronic door locks, and speed sensing door locks. The ASEAN NCAP gave the Toyota Fortuner a five-star safety rating for adult occupant protection and a four-star rating for child occupant protection.

Because a Toyota Fortuner comes with a hefty price tag, expect that its insurance will be quite expensive. Compared with the Fortuner 2021 insurance price, the cheapest annual premium starts at almost ₱27,000. This Fortuner insurance 1-year price is equivalent to around ₱2,200+ per month.

Toyota FJ Cruiser Insurance Price

Cheapest Annual Premium: ₱34,155

Toyota car insurance price is for a 2022 Toyota FJ Cruiser 4.0L Gas A/T

toyota car insurance in the Philippines - toyota fj cruiser insurance

With its premium vehicle selling price that starts at around ₱2 million and off-roading capabilities, the FJ Cruiser is among the most expensive to insure among Toyota models. This car will certainly complement the lifestyle of drivers who go on long road trips outside the city. Nevertheless, the FJ Cruiser gives a commendable performance when it comes to urban driving.

You will also get safety features that you expect from a vehicle specializing in rugged terrains. These include driver and passenger airbags, child safety locks, anti-lock braking system, rear seat belts, seat belt warning, crash sensor, and rear camera. The day & night rear view mirror will make late-night driving or early morning rides much easier. It’s also equipped with front and side impact beams, engine check warning, and traction control.

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Final Thoughts

Toyota, without a doubt, is one of the most trusted car brands in the Philippines. Part of its appeal is that it has something for everyone. City driving? You got the Wigo and the Yaris. Got a family? The Innova and Fortuner got you covered! If you’ve already got a Toyota vehicle, then you already know how satisfying each ride can get. And if you’re planning to get one, then go for it (provided that you’ve done your research!).

Nevertheless, existing Toyota owners and would-be owners should make sure that their car is insured. Always remember that the road is laden with risks and uncertainties, and you need protection, which comes in the form of Toyota car insurance in the Philippines. Otherwise, there’s a chance that you’ll see yourself shelling out a huge sum of money to fix your car or reach a settlement.

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The Moneymax Editorial Team consists of talented and experienced writers, editors, investors, and subject matter experts on a mission to help Filipinos build healthier financial lives. Browse the Moneymax blog for information and advice on credit cards, loans, insurance, investments, and other personal finance topics. For more financial news and articles, follow Moneymax on LinkedIn.