Toyota remains the undisputed best-selling car brand in the Philippines, leading the automotive market with around 49.38% share of sales in 2022.[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 2022,[2] seven are Toyota models: Vios, Hilux, Wigo, Innova, Fortuner, Rush, Raize, 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—especially 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 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
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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 | Maximum Total Sum Insured | Overnight Accommodation | Towing Services | Vehicle Removal Crane Services |
|
SGI Philippines
 |
₱5 million | Up to ₱2,000 | Up to ₱5,000 | ₱10,000 |
|
Malayan Insurance
|
₱7.5 million | Up to ₱1,000 | Up to ₱4,000 | Up to ₱8,000 |
|
Mercantile Insurance
|
₱5 million | Up to ₱2,000 | Up to ₱5,000 | Up to ₱10,000 |
|
OONA Insurance (formerly MAPFRE)
|
₱5 million | Up to ₱3,000 | Up to ₱5,000 | Up to ₱10,000 |
|
Stronghold Insurance
|
₱3 million | N/A | N/A | N/A |
|
Prudential Guarantee
|
₱3 million | Up to ₱2,000 | Up to ₱5,500 | Up to ₱15,000 |
🚗 Toyota Wigo Insurance Price
*Toyota car insurance price is for a 2022 Toyota Wigo E 1.0L Gas M/T
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 Toyota Wigo 2022 price in the Philippines is ₱578,000.
If you'll insure your Wigo this 2023, this car also has the cheapest Toyota car insurance in the Philippines, pegged at ₱12,044.
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.
🚗 Toyota Vios Insurance Price
*Toyota car insurance price is for a 2022 Toyota Vios J Base Model 1.3L Gas M/T
It’s safe to say that Vios is an iconic Toyota car. After all, the road is teeming with its models, 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 ₱14,010, an increase from the ₱13,286 Vios 2022 price in the Philippines.
🚗 Toyota Raize
Cheapest annual premium: ₱16,066
*Toyota car insurance price is for a 2022 Toyota Raize 1.2L Gas A/T
Toyota Raize is the Japanese brand's newest line of subcompact SUVs. Take it for a spin in the city and watch it turn heads with its bold silhouette and striking LED headlights.
It may look small, but its appearance belies the roominess within—it has a spacious cabin and luggage space. You can also enjoy smooth rides with its powerful CVT engine and punchy response.
🚗 Toyota Yaris Insurance Price
*Toyota car insurance price is for a 2022 Toyota Yaris E 1.3L Gas M/T
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 ₱16,074 per year (equivalent to roughly ₱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 Hilux Insurance Price
*Toyota car insurance price is for a 2022 Toyota Hilux CabChassis 2.4L Diesel M/T
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 CabChassis starts at just around ₱16,571. Moreover, the Toyota Hilux Conquest 2022 insurance price in the Philippines is ₱27,160 (2.4L Diesel M/T).
🚗 Toyota Avanza Insurance Price
*Toyota car insurance price is for a 2022 Toyota Avanza E 1.3L M/T
The Toyota Avanza bears a good price for 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 one-year insurance coverage, the price starts at ₱18,035.
🚗 Toyota Corolla Altis Insurance Price
*Toyota car insurance price is for a 2022 Toyota Corolla Altis E 1.6L M/T
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.
🚗 Toyota Rush Insurance Price
*Toyota car insurance price is for a 2022 Toyota Rush E 1.5L Gas M/T
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 ₱19,079.
If you put a premium on lifestyle but want to strictly manage your budget, the Rush makes a good starter SUV. It also serves 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 rearview mirrors, and impact beams located in the front and side section of the car.
🚗 Toyota Veloz Insurance Price
*Toyota car insurance price is for a 2022 Veloz 1.5L Gas A/T
Modern comfort meets style and technology with the all-new Toyota Veloz. You can get the 1.5 G CVT variant for ₱1,250,000. It comes equipped with the Toyota Safety Sense, which includes a pre-collision system and full airbag deployment. The ergonomics and aesthetics of both the interior and exterior will also definitely impress.
🚗 Toyota Innova Insurance Price
*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.
The lowest Toyota Innova insurance price in the Philippines in 2022 was around ₱20,000. Now, in 2023, the cheapest annual Innova insurance price for a 2022 model is around ₱22,109.
🚗 Toyota Hiace Insurance Price
*Toyota car insurance price is for a 2022 Toyota Hiace Commuter 3.0L Diesel M/T
The reliable people hauler, the Hiace is Toyota’s best-selling minivan. It has such a big market in the Philippines that in 2019, Toyota staged the global launch of its new generation of Hiace in the country.
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
*Toyota insurance price is for a 2022 Toyota Fortuner G 2.4L Diesel M/T
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 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 the 2022 insurance price to be quite expensive as well. The Fortuner insurance 1-year price starts at ₱30,863.
🚗 Toyota FJ Cruiser Insurance Price
*Toyota car insurance price is for a 2022 Toyota FJ Cruiser 4.0L Gas A/T
With a premium vehicle selling price of over ₱2 million and superb off-roading capabilities, the FJ Cruiser is one of the Toyota models that are the most expensive to insure.
The FJ Cruiser will complement the lifestyle of drivers who go on long road trips outside the city, but it also gives a commendable performance when it comes to urban driving.
As a vehicle specializing in rugged terrains, it has safety features such as 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.
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, you already know how satisfying each ride can get. And if you’re planning to get one, go for it—provided you’ve done your research!
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. You need protection, which comes in the form of Toyota car insurance in the Philippines.
Otherwise, you might see yourself shelling out a huge sum of money to fix your car or reach a settlement.
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Sources:
- [1] PH car sales: These are the 10 best-selling car brands of 2022 (TopGear, 2023)
- [2] Leading car models in the Philippines in 2022, by number of units sold (Statista, 2023)
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