Motorcycle Insurance in the Philippines (2026): CTPL, Comprehensive Cover and Prices
Updated: Nov 4, 2026
Motorcycle insurance in the Philippines at a glance
Every motorcycle in the Philippines must have Compulsory Third Party Liability (CTPL) insurance to be registered or renewed with the LTO. CTPL is priced under an Insurance Commission tariff and costs about ₱300 for one year or around ₱770 for three years, and it only pays for injury or death of other people, up to ₱200,000 per victim since the Insurance Commission doubled the benefit in 2024. It does not cover your bike or you. Comprehensive motorcycle insurance is optional, covers damage to your motorcycle, theft, floods and typhoons, and extra third-party liability, and typically costs ₱2,000 to ₱10,000 a year depending on the bike's value.
Figures are indicative for private motorcycles and were last checked in October 2026. CTPL rates include taxes and the LTO interconnectivity fee; comprehensive premiums vary by insurer, bike value, rider and location.
CTPL vs comprehensive motorcycle insurance
There are two kinds of motorcycle insurance in the Philippines, and most riders need both. CTPL is the legal minimum and exists to compensate other people you injure. Comprehensive insurance is what protects your own motorcycle and your own finances. Here they are side by side.
CTPL for motorcycles: price, coverage and how to buy it
CTPL is a fixed-tariff product. The Insurance Commission sets the premium and the benefit schedule, so every accredited insurer charges the same base rate and pays the same limits. The benefits were doubled under Insurance Memorandum Circular 2024-01 in April 2024 while the premium stayed the same, so CTPL is better value now than it has ever been. The only things that vary are the small add-on fees and how fast the insurer transmits your policy to the LTO.
How much CTPL costs for a motorcycle
Breakdown is from FPG Insurance's published motorcycle CTPL schedule, October 2026. Other insurers price within a few pesos of this; some quote ₱290 by absorbing part of a fee. Brand-new motorcycles get a 3-year initial registration from the LTO, which is why the 3-year policy exists. Tricycles and trailers use the same tariff.
What CTPL pays, per victim
CTPL pays third parties only: people outside your motorcycle who are injured or killed in an accident you cause. It never pays you, your passenger or any property damage. Benefits follow the Insurance Commission schedule under IMC 2024-01, with the limit of liability at ₱200,000 per victim. A no-fault indemnity of up to ₱30,000 is paid without having to prove who was at fault.
Where to buy CTPL
Anywhere that sells it from an Insurance Commission-accredited insurer. You will need your motorcycle's OR/CR (or the sales invoice and conduction sticker for a new bike), the plate or MV file number, the engine and chassis numbers, and a valid ID.
What comprehensive motorcycle insurance covers
A comprehensive policy is built from separate covers, each with its own limit. Own damage and theft are priced on your bike's insured value; the liability and personal accident covers are limits you pick. Not every insurer bundles all six, so check the schedule before you pay.
What comprehensive insurance does not cover
Exclusions are broadly the same across Philippine insurers. These are the ones that get claims denied most often.
How much motorcycle insurance costs in the Philippines
CTPL is fixed at about ₱300 a year. Comprehensive insurance has no tariff, so insurers price it themselves, and the biggest input is the value of the bike: most quotes land between 3% and 5% of the sum insured per year, plus the add-ons you choose. The bands below are what riders typically see; your quote will differ by insurer.
Indicative comprehensive premiums by bike value
Bands are Moneymax editorial estimates from insurer quotes checked in October 2026 and assume a private-use policy with Acts of Nature, voluntary liability and personal accident on standard limits. Model names are examples of price bands, not partner recommendations.
What moves the price up or down
Motorcycle insurance companies in the Philippines
These are the non-life insurers that actively write motorcycle policies in the Philippines. All are licensed by the Insurance Commission and sell CTPL; most also sell comprehensive cover for private motorcycles. Moneymax does not currently sell motorcycle insurance, so this is an editorial directory to help you shortlist, not a list of partners. Contact the insurer or an accredited agent for a quote.
Product names and features were checked against each insurer's website in October 2026 and are subject to change. Availability of comprehensive cover for a specific motorcycle depends on the insurer's underwriting rules for model, age and location. Insurers are listed in the order shown on Moneymax's previous page and not ranked.
Motorcycle insurance by rider situation
What you need depends less on the insurer and more on how you got the bike and how you use it. Find your situation below.
The dealer usually bundles the 3-year CTPL into the registration package. Comprehensive cover is often offered at the counter too, sometimes at a markup, and almost always required if the bike is financed.
You need a fresh CTPL for the renewal in your name and the OR/CR transferred to you. Insurers will write comprehensive cover on a used bike up to about 5 to 10 years old, usually after a physical inspection and photos.
Under LTO Administrative Order 2021-039, two-wheel e-bikes that can go faster than 50 km/h (Category L3) and three-wheel e-scooters in Category L2b and above must be registered and need CTPL. Two-wheel e-bikes limited to 50 km/h or less (L1a and L1b) do not, although the LTO has proposed tightening this. Few insurers write comprehensive cover on e-bikes at all.
Angkas, Move It, Grab, Lalamove and food delivery count as commercial use. A private-use policy will not pay a claim that happened on a booking. Some platforms provide on-trip accident cover; check what it includes.
Few insurers write comprehensive cover on big bikes, and those that do require an inspection, a garage and often a GPS tracker. Theft limits and deductibles are higher.
The lender or financing company usually requires comprehensive insurance for the loan term and may require you to buy through them. You can often substitute your own policy if the lender is named as loss payee.
How to buy motorcycle insurance
CTPL takes minutes online. Comprehensive takes a day or two because the insurer needs to see the bike. Either way, have these ready.
OR/CR (or sales invoice and conduction sticker for a new bike), a valid government ID, and for comprehensive cover, clear photos of all sides of the bike, the odometer and a stencil of the engine and chassis numbers.
Ask two or three insurers for a comprehensive quote on the same sum insured and the same add-ons. Compare the deductible, depreciation table, theft waiting period and liability limits, not just the premium.
Pay by card, e-wallet or bank transfer. CTPL is transmitted to the LTO on issue; keep the COC number. Save the comprehensive policy PDF and the claims hotline on your phone.
How to file a motorcycle insurance claim
The sequence is the same at every insurer. The single most common reason claims are delayed or denied is a missing police report or late notification, so do steps 1 and 2 on the day of the incident.
Call the hotline or use the app within 24 hours, before any repair. Most policies require notification within a set number of days.
Required for every accident, theft and third-party claim. File it at the station with jurisdiction over the incident location, the same day if possible.
Photos of the damage, the scene, the other vehicle and its plate, and the other party's license and CTPL. Do not move the bike until you have the photos.
File the claim form and documents. For own damage the insurer inspects, then issues a Letter of Authority to an accredited shop, typically within 1 to 2 weeks. Theft claims pay after the waiting period.
Documents by claim type
- Completed claim form
- Police report
- Copy of policy and OR of premium payment
- Copy of OR/CR and your driver's license
- Photos of the damage and the scene
- Repair estimate from an accredited shop
- Completed claim form
- Police report and alarm sheet
- Highway Patrol Group (HPG) clearance and certificate of non-recovery
- Original OR/CR, keys and plates if available
- Copy of policy and premium OR
- Deed of sale or assignment to the insurer on settlement
- Completed claim form
- Police report
- Medical certificate and hospital bills (injury)
- Repair estimate and photos of the third party's vehicle or property
- Affidavit of the injured party or property owner
- Copy of your policy, OR/CR and license
- Completed claim form
- Police report or incident report
- Medical certificate and original receipts
- For death: PSA death certificate and beneficiary's valid ID
- Copy of policy and premium OR
Motorcycle insurance FAQs
CTPL costs about ₱300 for one year or about ₱770 for three years, the same at every accredited insurer. Comprehensive insurance costs roughly 3% to 5% of the bike's insured value per year: about ₱2,000 to ₱3,500 for a ₱60,000 underbone, ₱3,000 to ₱5,500 for a ₱100,000 scooter, and ₱9,000 or more for a big bike. Add-ons such as Acts of Nature and higher liability limits add to that.
Yes. Every motorcycle must have Compulsory Third Party Liability (CTPL) insurance to be registered or renewed with the LTO, under the Land Transportation and Traffic Code and Insurance Commission rules. Comprehensive insurance is optional, unless your bike is financed and the lender requires it.
Only death or bodily injury of third parties caused by your motorcycle, up to ₱200,000 per victim under Insurance Commission Memorandum Circular 2024-01, which doubled the old ₱100,000 limit in April 2024. Death indemnity including burial is ₱200,000; hospital room is ₱500 a day for up to 45 days; surgery is ₱1,500 to ₱7,500 per operation plus fees and medicines; permanent disablement pays ₱6,000 to ₱50,000; and a no-fault indemnity of up to ₱30,000 is paid without proving fault. It does not cover you, your passenger, your bike or anyone else's property.
About ₱300 for a one-year policy and about ₱770 for the three-year policy issued with a brand-new bike. The basic premium is set by the Insurance Commission; the total includes documentary stamp tax, VAT, local government tax and the ₱50.40 LTO interconnectivity fee. Some insurers quote ₱290 by absorbing part of a fee.
Yes. OONA, FPG, Standard, Malayan and several others issue CTPL online in minutes and email the e-policy. Online policies are transmitted to the LTO automatically, which is what you need for registration. You will need the OR/CR or sales invoice, plate or MV file number, engine and chassis numbers, and a valid ID.
A genuine CTPL carries a Certificate of Cover (COC) number and is in the LTO's system, which the LTO checks at registration. If the policy was sold for well under ₱250, is handwritten or photocopied, or the seller cannot give you a COC number, it is likely fake. Buy from the insurer's website, an e-wallet, a pawnshop counter or a dealer, and avoid fixers outside LTO offices.
Yes, if the whole unit is stolen and not recovered. The insurer pays the sum insured after a waiting period of 30 to 90 days and a police report plus HPG clearance. Theft of parts or accessories alone is excluded on most policies. A GPS tracker or alarm usually earns a discount and is often required on big bikes.
Only if the policy includes Acts of Nature cover, which most insurers sell as an add-on at about 0.5% of the insured value. Without it, flood and typhoon damage is excluded. In Metro Manila and other flood-prone areas it is the add-on most worth buying.
Yes. You need a new CTPL in your name at the next renewal and the OR/CR transferred to you. Most insurers write comprehensive cover on used bikes up to about 5 to 10 years old after a physical inspection and photos; older bikes may only be offered liability or theft cover.
Not on a private-use policy. Ride-hailing and delivery count as commercial use, and a claim that happened on a booking will be denied unless commercial use is declared and priced in. Some platforms provide accident cover while you are on a trip; check what it includes and buy a personal accident policy to fill the gaps.
For every claim: the completed claim form, a police report, a copy of the policy and premium receipt, and your OR/CR and license. Own damage also needs photos and a repair estimate from an accredited shop; theft needs an HPG clearance and certificate of non-recovery; third-party claims need the other party's medical certificate or repair estimate; personal accident needs medical records and receipts. Notify the insurer within 24 hours and do not repair before inspection.
Own-damage claims usually get a Letter of Authority for repair within one to two weeks of complete documents, after the insurer's inspection. Third-party and personal accident claims take a similar time once medical records are in. Theft claims pay out only after the 30 to 90 day waiting period and HPG certification.
How Moneymax put this guide together
CTPL premiums and benefit limits are taken from the Insurance Commission tariff and Insurance Memorandum Circular 2024-01 as published by accredited insurers, with the fee breakdown from FPG Insurance's public schedule. Comprehensive premium bands are editorial estimates built from insurer quotes and published rate guides checked in October 2026, and are shown as ranges because every insurer prices differently. Insurer product details were taken from each company's website.
Moneymax does not currently sell motorcycle insurance and earns nothing from the insurers listed on this page. The directory is in no particular order and is not a ranking. For the vehicle side of the same market, see the Moneymax car insurance comparison and travel insurance comparison. Where this page and an insurer's policy wording differ, the policy wording applies.