Toyota remains the undisputed best-selling car brand in the Philippines, leading the automotive market with almost 45% share of sales in 2023. Plus, out of the 10 most popular cars in the country last year,[1] almost all are Toyota models: Vios, Hilux, Raize, Innova, Hiace, Wigo, Fortuner, and Veloz.
If you have or are considering getting a Toyota, its affordable selling price is most likely the key factor in your purchase decision. It therefore makes a lot of sense if you're also looking for the cheapest Toyota car insurance price.
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 is generally cheap. The same goes for other Japanese car brands like Nissan and Honda.
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 affect car insurance costs. Also, Toyota car parts are easy and affordable to replace or repair.
Read more:
- Where to Buy Car Insurance in the Philippines: Bank, Dealer, or Broker?
- List of Car Insurance Add-Ons: What Coverage Do You Need?
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Lowest Annual Toyota Car Insurance Price per Model in the Philippines
Looking for the cheapest coverage for your vehicle? Here’s a table showing the lowest Toyota car insurance price per model.
Note that the prices are estimates from vehicle insurance providers. Actual car insurance costs depend on the variant and your chosen Toyota-accredited car insurance company:
🚗 Toyota Wigo Insurance Price
*Toyota car insurance price is for a 2023 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 you can buy. The Toyota Wigo 2024 price in the Philippines costs around ₱720,000.[2]
While it’s the smallest car under the Toyota brand, it can still seat up to five people. The mini hatchback’s 1.0L three-cylinder gasoline engine features Toyota’s VVTi technology for greater acceleration and fuel efficiency.
The Wigo’s upper trim is equipped with advanced safety systems, such as driver and passenger airbags, immobilizer, stability control, electronic door locks, and security alarm. If you have a toddler in tow, the car’s ISOFIX feature comes in handy.
So how much is the Toyota Wigo insurance price? It’s ₱11,453, meaning you need to allot around ₱950 per month.
🚗 Toyota Vios Insurance Price
*Toyota car insurance price is for a 2023 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 teems 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, four-cylinder, 16-valve engine. The performance of its entry-level model is at 98 hp and 123 Nm.
The higher trim of the Vios boasts a suite of safety features. This includes airbags for the driver and the front passenger, side airbags, curtain airbags, a knee airbag, electronic brake distribution, anti-lock brake system, immobilizer, and electronic door locks.
Toyota Vios insurance this year costs ₱14,184 or almost ₱1,200 per month.
🚗 Toyota Raize Insurance Price
Cheapest annual premium: ₱14,719
*Toyota car insurance price is for a 2023 Toyota Raize E 1.2L Gas M/T
Toyota Raize is the Japanese brand's newest line of subcompact SUVs. Take it for a spin and turn heads with its unique yet bold silhouette.
It may look small, but its appearance belies the roominess within—it has a spacious cabin and luggage space. The top-of-the-line variant has automatic air conditioning, a nine-inch infotainment system, six speakers, and connectivity set-ups like Apple CarPlay and Android Auto.
Enjoy smooth rides with its powerful CVT engine and punchy response. It churns out a maximum power output of 97 hp and a maximum torque of 140 Nm.
For safety features, the Raize has airbags for the driver and the front passenger, side airbags, and curtain airbags. Safely turn corners with its stability control. Furthemore, this unit is equipped with speed-sensing door locks and blind spot detection system.
🚗 Toyota Avanza Insurance Price
*Toyota car insurance price is for a 2023 Toyota Avanza E 1.3L Gas M/T
The Toyota Avanza bears a good price for an MPV and offers style and functionality. It's perfect for driving around the city as well as navigating off-road terrains.
The more expensive variant of the Avanza is outfitted with tech features, such as an eight-inch infotainment display, four speakers, Apple CarPlay, and Android Auto. Easily operate the car with its push start button and keyless entry.
Drive and ride safely with the following features: airbags, electronic brake distribution, anti-lock brake system, immobilizer, security alarm, and speed-sensing door locks, just to name a few.
For its one-year Toyota car insurance price in the Philippines, you need to pay ₱15,520.
🚗 Toyota Hilux Insurance Price
*Toyota car insurance price is for a 2023 Toyota Hilux CabChassis 2.4L Diesel M/T
If you’re a weekend wanderer who carries bikes to 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 2.4L diesel engine churning out 148 hp and 343 Nm.
Its safety technologies, such as driver and passenger airbags, anti-lock brake system, immobilizer, security alarm, and stability control. Those who often travel with kids will find peace of mind with its speed-sensing door locks and ISOFIX.
And while the Toyota Hilux is quite big, insurance for the Toyota Hilux Cab/Chassis starts at just around ₱16,800. This means your monthly Hilux insurance costs around ₱1,400.
🚗 Toyota Innova Insurance Price
*Toyota car insurance price is for a 2023 Toyota Innova J 2.0L Gas 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 perfect for adventurous groups who go on long road trips or for enterprising people who work in the ride-hailing or delivery industry.
The Innova's slew of features make every ride safe and secure. These include driver and passenger airbags, electronic brake distribution, anti-lock brake system, immobilizer, security alarm, stability control, and ISOFIX.
The lowest Toyota Innova insurance price for 2024 is ₱17,089 per year. Monthly payments will cost a little over ₱1,400.
🚗 Toyota Rush Insurance Price
*Toyota car insurance price is for a 2023 Toyota Rush E 1.5L Gas M/T
An entry-level SUV from Toyota, the Rush embodies both style and utility, making it a perfect choice for urbanites and families. It’s a powerful drive with a maximum output of 102 hp and a maximum torque of 134 Nm.
The Rush is packed with safety features, such as driver and passenger airbags, stability control, electronic door locks, security alarm, and immobilizer. Easily and safely start your car on inclined roads with its hill start assist.
With all these safety features, the Toyota Rush car insurance is relatively affordable at almost ₱1,600 per month.
🚗 Toyota Veloz Insurance Price
*Toyota car insurance price is for a 2023 Veloz G 1.5L Gas A/T
Modern comfort meets style and technology with the all-new Toyota Veloz. It’s the ideal car for weekend warriors or big families, as it can seat up to seven people. You can get the 1.5 G CVT variant for around ₱1.2 million.
For its performance, the Veloz can sail both city and provincial roads, thanks to its power output of 105 hp and torque of 138 Nm. Its creature comforts include leather upholstery, automatic air conditioning, and an eighth-inch audio display.
Drive with peace of mind with its safety and security features. The Veloz comes with airbags for the driver and the front passenger, side airbags, curtain airbags, stability control, electronic door locks, and security alarm.
🚗 Toyota Corolla Altis Insurance Price
*Toyota car insurance price is for a 2023 Toyota Corolla Altis E 1.6L Gas A/T
The Corolla Altis is another iconic car from the Japanese carmaker. It’s the embodiment of elegance with 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. And that is truer than ever with its hybrid iterations.
The interior features of the Corolla Altis’ upper trim include a nine-inch display audio, six speakers, and leather upholstery. Smartphone integration is a breeze with Apple CarPlay and Android Auto.
This car’s safety features prove Toyota’s commitment to the driver’s and passengers’ well-being. These include airbags for the driver and the front passenger, side airbags, curtain airbags, and a knee airbag. Moreover, the Altis is outfitted with stability control, electronic brake distribution, security alarm, and parking sensors.
🚗 Toyota Hiace Insurance Price
*Toyota car insurance price is for a 2023 Toyota Hiace Commuter 3.0L Diesel M/T
The reliable people hauler, the Hiace is Toyota’s best-selling minivan. Its market in the Philippines is so big that in 2019, Toyota staged the global launch of its new-generation Hiace in the country.
For passenger comfort and entertainment, certain Hiace variants come with dual air conditioners with manual controls, an eight-inch display audio system, and six speakers. Driving assistance systems like cruise control and parking sensors are also present.
The Hiace has a wide range of safety features, including the following: driver and passenger airbags, anti-lock brake system, immobilizer, security alarm, and stability control, among others.
🚗 Toyota Fortuner Insurance Price
*Toyota insurance price is for a 2023 Toyota Fortuner G 2.4L Diesel M/T
Toyota’s best-selling midsize SUV has an unmistakably commanding presence on the road. Its interior also screams luxury all over.
It has a power boost in the form of a 2.4-liter diesel engine generating up to 148 hp and 400 Nm of torque. When it comes to safety, it’s loaded with features such as driver and passenger airbags, knee airbags, electronic brake distribution, anti-lock brake system, immobilizer, stability control, electronic door locks, and speed-sensing door locks. For steep roads, the Fortuner has hill start assist.
Because this SUV comes with a hefty price tag, expect the Fortuner insurance price to be quite expensive as well. The annual premium starts at ₱31,368 or more than ₱2,600 per month.
🚗 Toyota GR86 Insurance Price
Cheapest annual premium: ₱42,608
*Toyota car insurance price is for a 2023 2.4L Gas M/T RWD
Got a need for speed?
The Toyota GR86 sports car[3] is sure to turn heads on the road with its striking beauty and racing-inspired proportions. This coupe's interior matches its exterior as well, with modern touches and premium technology features such as an eight-inch touchscreen infotainment unit, keyless entry, dual-zone automatic climate control, multiple connectivity options, and more.
Meanwhile, its powerful four-cylinder and 16-valve engine promises incredible performance on the road. Its engine generates an impressive power output of 234 hp and 250 Nm of torque.
Since the GR86 is meticulously built for motorsports, it also bears an expensive Toyota insurance price of ₱42,608.
🚗 Toyota Camry Insurance Price
Cheapest Annual Premium: ₱44,522
*Toyota insurance price is for a 2023 Toyota Camry V 2.5L Hybrid A/T
The Camry is a symbol of elevated and discerning lifestyles. Its engine can produce a maximum power output of 176 hp and a maximum torque of 221 Nm. This configuration makes the Camry a reliable ship on both city roads and rural highways.
The latest iteration of the Camry features a hybrid engine, which means great fuel savings in the long run.
The Camry’s interior specs are sophisticated, as shown by its adjustable seats, three-zone automatic climate control, and a nine-inch touchscreen entertainment system with nine JBL speakers. For connectivity, the Camry comes with Apple CarPlay and Android Auto.
As Toyota is big on safety, the Camry is outfitted with a complete set of airbags, stability control, auto brake system, anti-lock brake system, security alarm, and electronic door locks. If you have kids, the speed-sensing door locks and ISOFIX will surely come in handy.
Despite all the safety features, the Camry’s insurance price is a little expensive. The lowest monthly premium costs more than ₱3,700.
🚗 Toyota Alphard Insurance Price
Cheapest Annual Premium: ₱88,396
*Toyota insurance price is for a 2023 Toyota Alphard 2.5L Hybrid A/T
The Toyota Alphard is one of the most luxurious vehicles on the street. Looking at its exterior, you can easily see why presidents and executives love this minivan. The interior is equally impressive with its luxurious leather upholstery, dual-zone climate control, and a 14-inch display audio system with 15 speakers.
Connectivity, on the other hand, is made possible by the following systems: Apple CarPlay, Android Auto, and voice command. Other high-end features include electric adjustable seats, sunroof, and keyless entry.
The ultimate luxury, however, lies in its safety. The Alphard is equipped with airbags for the driver and the front passenger, side airbags, curtain airbags, auto brake system, anti-lock brake system, immobilizer, speed-sensing door locks, and ISOFIX, among others, Driving is made easy and safe with cruise control, front parking sensors, and rear parking sensors.
Given its upmarket status, the Alphard’s insurance price is also hefty. For the annual premium, you’ll need to shell out more than ₱80,000.
Related reading:
- How to Change Car Insurance Companies: A Step-by-Step Guide
- What is Car Insurance Participation Fee and How Much Does It Cost?
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’ve got the Wigo and the Vios. Got a family? The Innova and Fortuner can take your loved ones anywhere.
If you already have 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!
Always remember that the road is laden with risks and uncertainties. Thus, existing Toyota owners and would-be owners 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.
👉 Get a Free Car Insurance Quote from Moneymax!
If you want to find the cheapest or best deals from various car insurance companies, use Moneymax’s comparison tool. Click Get Free Quote to get started:
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Sources:
- [1] 2023’s Top 10 Best-Selling Cars are From Just 2 Brands (Manila Bulletin, 2024)
- [2] Toyota Wigo Features
- [3] Toyota GR86 Features
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