10 Best Car Insurance Policies in the Philippines 2024 | Malayan Insurance, Charter Ping An, and More

First on this list is Malayan Insurance. Their Automaster policy offers one of the most extensive car insurance policies in the country, including third-party liability coverage for bodily injury or property damage of up to Php 500,000.00. 

In addition, they also provide protection against theft or automobile damage. In the event you get into an accident, the company provides accident protection of up to Php 50,000.00 and medical reimbursement of up to Php 5,000 per person for up to 5 persons. 

If you’re unable to use your car because it is undergoing repair, they also provide a reimbursable transportation allowance of Php 500 per day. Moreover, they have over 160 accredited repair shops across the country, making it very accessible to keep your car in tip-top shape. With coverage as extensive as this, what more can you ask for?

With the dozens of insurance companies offering their services, we understand it can be hard to find someone to trust. Here is an insurance policy from a trusted company, BPI. Their Express Protect CTPL is ideal for car owners on a budget. That way, you can still protect yourself from third-party liabilities.

Note that this policy only covers the basics, such as the injury, death, and medical expenses of a third party from accidents that involve your vehicle. Moreover, If you do get into a car accident, you don’t have to shoulder the expenses upfront.  

Vehicle owners can rejoice with Charter Ping An’s comprehensive motor insurance. When you avail of their policy it will also include CTPL, which is convenient, especially for people who want a one-stop-shop option. In addition, they can also provide a transportation allowance of Php 300 per day for 10 days if your car is undergoing repairs. 

But what sets them apart is their extensive list of value-added services. For instance, their roadside assistance offers 24/7 service. If you need your car towed, they have an emergency towing and minor repair assistance service. Moreover, if you’ve sustained injury can they also provide arrangements for hospital admission and emergency services.

Mercantile’s Motor Car Insurance policy is unique because it extends to other modes of transport such as motorcycles, scooters, buses, and even trailers. This makes it ideal for those who own more than one vehicle or are in the transportation and logistics field. 

Aside from protecting your car against theft and own damage, they also provide personal accident insurance for your passengers. If you’re worried about your car breaking down while on the road, their services also include roadside assistance and access to emergency services like fire, police, and ambulance via their mobile app!

All vehicle owners must be aware of the threats to their car’s safety, and this includes natural calamities. With MAPFRE Insular’s Auto Comprehensive Insurance, you can now protect your car against typhoons, floods, and earthquakes. This is handy, especially for those who live in flood-prone or disaster-prone areas. 

If you’re worried about your car getting stolen, don’t fret. The policy also includes a free security glass etching, wherein your car’s plate number will be etched on the windshield, rear glass, and left and right side mirrors, which is handy for preventing car theft. 

Standard Insurance is one of the leading insurance providers for non-life insurance policies. They provide car insurance policies that are perfect for car owners looking to protect their vehicles without a lot of add-ons. This makes them a great option if you’re on the hunt for basic, comprehensive car insurance.

The Car Protect also includes CTPL and coverage for excess bodily injury of a third party. And in the event you get involved in a car accident, the policy also includes a personal accident rider, which covers hospitalization or memorial expenses for your passengers. 

If you’re looking for a hassle-free transaction, look no further than FPG Insurance. The company allows 3 ways for you to avail of their insurance; online, by phone, and in-person at their many branches nationwide. Should you choose MyAuto Mate, you can enjoy basic car coverage, such as own damage, acts of nature, and theft. 

In addition, they offer value-added services such as a 24/7 roadside and information assistance program. Under this program, you can request vehicle assistance which includes services such as jumpstarting or battery boosting your car, a locksmith service, and a spare key delivery for those who frequently misplace their keys!

UCPB also offers insurance policies in Cocogen, which is their non-life insurance unit. Here, you can find a number of policies to protect your house, parcel, condo, and car. The Auto Excel Plus provides protection against fire, explosion, and transit via railroad and lift. That way, you can rest assured your car is not just safe from collision. 

The policy also takes care of CTPL for your convenience as well as indemnity against accidental death and disablement for both the driver and passenger. And if you find it troublesome to head to their offices to file claims, the Gawa Agad allows authorized repair shops to process the claims for you!

If accessibility is one of your priorities, then Metropolitan Insurance might be what you’re looking for. They have branches in Metro Manila, Davao, Bacolod, and Cebu, making it a breeze to file insurance claims. Their Motor Vehicle Insurance also includes acts of nature coverage to protect your vehicle from natural calamities. 

Moreover, in addition to covering own damage and bodily injury in excess of CTPL, they also include an inter-island transit cover. This protects your car while it is aboard cargo ships during inter-island transit. This is perfect for those who like to take their car while traveling all over the Philippines. 

Prudential Guarantee offers a variety of insurance policies ranging from health, property, and motor insurance. With their Auto Insurance, you can now drive with confidence every time you hit the road. The policy lets you enjoy 24/7 emergency roadside assistance service with a free ambulance service. 

If your car breaks down and immediate repair is not possible, they provide free alternative transport to your destination. And if no alternative transport is available, they can also provide free overnight accommodation if your car breaks down outside Metro Manila.