In short
Own damage and theft is 1.25% to 3.75% of the car's value, as of 1 January 2015. On a ₱1,800,000 EV, that line is ₱22,500 to ₱67,500 a year before add-ons and taxes.
Pioneer sells an EV-specific policy, EV One, which adds cover for high-voltage batteries, charging equipment, ADAS and running out of charge.
- Policy form
- IC standard Private Car Policy, same as petrol and diesel cars
- Own damage and theft rate
- 1.25% to 3.75% of value (IC tariff, as of 1 January 2015)
- EV-specific product
- Pioneer EV One (brochure posted October 2026)
- EV One range cover
- Tow to a charger or home, up to ₱2,500, 3 times a policy period (October 2026 brochure)
- EV One loss of use
- ₱500 a day, up to 15 days, after a 3-day wait (October 2026 brochure)
- CTPL
- ₱560 a year, same as any private car (IC Memorandum Circular 4-2006, since 1 January 2007)
How much is BYD or EV car insurance in 2026?
The insurer prices an EV like any private car: a rate on its insured value, then add-ons and taxes. The IC tariff has no EV or hybrid line.
A BYD, a hybrid Toyota and a petrol sedan of the same value start from the same rate range.
Type your car's value and your quoted rate into the calculator above. Model prices are on our electric cars and hybrid cars pages.
| Insured value | At 1.25% | At 3.75% |
|---|---|---|
| ₱1,000,000 | ₱12,500 | ₱37,500 |
| ₱1,400,000 | ₱17,500 | ₱52,500 |
| ₱1,800,000 | ₱22,500 | ₱67,500 |
| ₱2,500,000 | ₱31,250 | ₱93,750 |
If you get this wrong: the value on your schedule is the most the insurer pays, under the IC standard policy. Set it to the car's current market value, battery included, before you pay the premium.
Breakdown, battery wear and depreciation: what the standard policy says about an EV
The standard policy pays for collision, overturning, fire, theft and malicious damage, whatever drives the wheels. It does not pay for mechanical or electrical breakdown on its own.
A dead traction battery with no accident behind it is a breakdown, not a claim.
Parts are also subject to depreciation once the car is over 3 years old. The standard schedule puts your share of new batteries at 45% on those cars.
Ask your insurer how it applies that line to a high-voltage battery, and get the answer in writing.
Work out what your premium adds up to
Example value to start. Pick your car or type the value your insurer uses.
The percentage on your quote.
Bodily injury, property damage and personal accident premiums from your quote.
Set by the city or municipality, up to 0.75%. The IC's CTPL table uses 0.75%.
Own damage and theft on a ₱1,000,000 car
₱15,656.25 to ₱46,968.75 a year
The IC motor tariff band of 1.25% to 3.75% of the car's value, as of 1 January 2015, with stamp tax, VAT and local tax added. The rate on your quote decides your actual premium. Acts of nature, bodily injury and property damage cost extra.
The tax working, on the CTPL premium for a private car
- Basic premiumCTPL premium, private car (IC tariff)
- ₱447.11
- Documentary stamp tax12.5% of basic premium (NIRC Sec. 184)
- ₱55.89
- VAT12% of basic premium (NIRC Sec. 108)
- ₱53.65
- Local government tax0.75% of basic premium
- ₱3.35
- Total for the year
- ₱560.00
Type the rate or premium on your quote to see your own total. The CTPL total here matches the Insurance Commission's ₱560.00.
Pioneer EV One: the EV-specific policy
Pioneer describes EV One as motor insurance built for electric vehicles, in its EV One brochure (official source) posted October 2026. It keeps the usual loss and damage and excess liability covers, then adds five EV covers.
Acts of nature is optional at extra premium. You buy it by email to Pioneer rather than through its InsureShop store.
Its loss of use benefit pays while the car is in the shop for own-damage repairs. How that compares with other insurers is in the loss of use guide.
Choose EV One if you want battery, charger and ADAS named on the policy; otherwise get those answers in writing on a regular quote.
- Range Anxiety
- Tow to your point of origin or the nearest commercial charging station; reimbursed up to ₱2,500, 3 times a policy period
- Loss of Use
- ₱500 a day for up to 15 days, after a 3-day waiting period
- Charging Equipment
- Named as an EV cover
- Auxiliary and High Voltage Batteries
- Named as an EV cover
- Advanced Driver Assistance System (ADAS)
- Named as an EV cover
- Acts of nature
- Optional, additional premium
- How to buy
- Email insure@pioneer.com.ph
Six questions to settle in writing before you insure an EV or hybrid
Every other insurer sells EVs and hybrids on its regular private car product. That makes the quote, not the brochure, the place to pin down the EV details.
Tick these off in writing before you pay. Then compare the answers across quotes as shown in how to compare car insurance quotes.
If the car is on a loan, the bank sets its own insurance terms too. The EV and hybrid loan guide covers the financing side, and public chargers are mapped on our EV charging page.
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