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

Published: August 25, 2021 | Updated: September 2, 2021 | Posted by: Venus Zoleta | Car Insurance


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Toyota remains the undisputed best-selling car brand in the Philippines, leading the automotive market with around 40% share of the sales in 2020.[1] This despite the overall decline in car sales due to the COVID-19 pandemic and the series of typhoons in the latter part of the year. And in 2021, various auto magazines report that Toyota remains undisputed so far.

Also, the Japanese carmaker has among the most talked-about vehicle models, at least in the Philippines. Out of the 10 most popular cars launched in the country in 2020,[2] six are Toyota models: Fortuner, Rush, Hilux, Wigo, Corolla Cross, 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.

Is Toyota Expensive to Insure?

Toyota car insurance in the Philippines, as with those of other Japanese cars like Honda and Nissan, 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 actual 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 WigoPHP 11,4262021 Toyota Wigo E 1.0L Gas M/T
Toyota ViosPHP 13,1212021 Toyota Vios J Base Model 1.3L Gas M/T
Toyota HiluxPHP 14,9542021 Toyota Hilux CabChassis 2.4L Diesel M/T
Toyota RushPHP 17,0922021 Toyota Rush E 1.5L Gas M/T
Toyota YarisPHP 15,9282021 Toyota Yaris E 1.3L Gas M/T
Toyota Corolla AltisPHP 18,7012021 Toyota Corolla Altis E 1.6L M/T
Toyota InnovaPHP 20,2542021 Toyota Innova J 2.8L Diesel M/T
Toyota HiacePHP 23,1572021 Toyota Hiace Commuter 3.0L Diesel M/T
Toyota FortunerPHP 26,9762021 Toyota Fortuner G 2.4L Diesel M/T
Toyota FJ CruiserPHP 34,1552021 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 CompanyFeatures
MAPFRE Insular

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  • 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
New India Assurance

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  • 10 years of casa eligibility
  • 30 accredited repair shops
  • PHP 3,500,000 maximum total sum insured
  • Overnight accommodation - Yes, up to PHP 1,500
  • Towing - Yes, up to PHP 4,000
  • Vehicle removal crane services - Yes, up to PHP 10,000
Prudential Guarantee

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  • 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

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  • 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

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

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  • 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: PHP 11,426

Toyota car insurance price is for a 2021 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 PHP 1 million. The model featured here has a price tag of PHP 568,000. In turn, this car also has the cheapest Toyota car insurance in the Philippines, pegged at PHP 11,426.

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: Getting Comprehensive Car Insurance? Prepare These Requirements

Toyota Vios Insurance Price

Cheapest Annual Premium: PHP 13,121

Toyota car insurance price is for a 2021 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.

Toyota Hilux Insurance Price

Cheapest Annual Premium: PHP 14,954

Toyota car insurance price is for a 2021 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, its annual insurance price starts at just around PHP 14,000.

Read more: What Happens If I Stop Paying My Car Insurance?

Toyota Rush Insurance Price

Cheapest Annual Premium: PHP 17,092

Toyota car insurance price is for a 2021 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 2021 model starts at PHP 17,000.

If you’re someone who puts a premium on lifestyle but are strictly managing their 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 Yaris Insurance Price

Cheapest Annual Premium: PHP 15,928

Toyota car insurance price is for a 2021 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 PHP 15,000 per year (or PHP 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 Corolla Altis Insurance Price

Cheapest Annual Premium: PHP 18,701

Toyota car insurance price is for a 2021 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.

Read more: 9 Car Insurance Payment Options in the Philippines

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Toyota Innova Insurance Price

Cheapest Annual Premium: PHP 20,254

Toyota car insurance price is for a 2021 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 annual Innova insurance price is around PHP 20,000 or around PHP 1,600 per month.

Toyota Hiace Insurance Price

Cheapest Annual Premium: PHP 23,157

Toyota car insurance price is for a 2021 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 should not 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.

Read more: How to Get Car Insurance for Second Hand Vehicles

Toyota Fortuner Insurance Price

Cheapest Annual Premium: PHP 26,976

Toyota car insurance price is for a 2021 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. Upgrades on the 2020 model year include 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. The cheapest annual premium starts at almost PHP 27,000. This is equivalent to around PHP 2,200+ per month.

Toyota FJ Cruiser Insurance Price

Cheapest Annual Premium: PHP 34,155

Toyota car insurance price is for a 2021 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 PHP 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.

If you want to find the cheapest or best deals on car insurance, use Moneymax’s comparison tool. Just input the car brand, model, variant, and year, and you’ll be presented with different insurance packages to choose from. Other than being a free-to-use comparison platform, Moneymax is also a licensed insurance broker offering end-to-end car insurance services. With such a service, the whole car insurance process becomes much more efficient!

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