Insurance Guide Insurance
FPG vs OONA Insurance Comparison Philippines
Comparing FPG and OONA insurance reveals key differences across 6 categories. FPG premiums average ₱19,000/year while OONA starts at ₱18,000/year. FPG has 83 accredited repair shops versus OONA's 161. Claims settlement speed averages 6 business days for FPG and 14 for OONA.
Quick Facts
Coverage Type
Insurance Guide
Premium Range
₱13,000–₱52,000/year
Coverage Details
- Fire and lightning damage protection
- Emergency medical reimbursement up to ₱91,000
- Bodily injury liability up to ₱285,000 per person
- 24/7 roadside assistance within 10 km radius
- Excess bodily injury up to ₱321,000
Claims Process
Both FPG and OONA follow a similar 6-step claims process. FPG averages 8 business days for settlement, while OONA takes approximately 7 days. FPG requires documents within 3 days of the incident; OONA allows up to 7 days.
Pros & Cons
Pros
- Quick approval for minor claims under ₱396,000
- Free annual vehicle inspection at partner service centers
- Coverage extends to natural calamities common in PH
- Claims processing averages 16 business days
- Mobile app available for iOS and Android with claims tracking
Cons
- Premium increases by 30% after a claim within 12 months
- No coverage for vehicles older than 17 years
- Limited provincial branch coverage outside Metro Manila (13 offices)
- Customer service wait times average 10 minutes during peak
Frequently Asked Questions
Is FPG vs OONA required by Philippine law?
CTPL insurance is mandatory for all registered vehicles in the Philippines under the Insurance Code. FPG vs OONA beyond CTPL is optional but highly recommended given that over 4% of Filipino car owners opt for additional protection. The Insurance Commission regulates all auto insurance products.
What is the average cost of FPG vs OONA in the Philippines?
The average cost of FPG vs OONA in the Philippines ranges from ₱11,000 to ₱45,000 per year depending on vehicle type and coverage level. Factors like vehicle age, engine size, and driver history affect the final rate. Most providers offer 8 or more payment installment options.
What documents are needed for FPG vs OONA?
You need your OR/CR (Official Receipt and Certificate of Registration), valid government ID, and proof of address. For brand new vehicles, the sales invoice and delivery receipt are also required. The application process typically takes 17 minutes to complete online.
How do I choose the best FPG vs OONA?
Compare at least 17 providers and check their claim settlement ratio, which averages 16% across the industry. Look for providers with accredited repair shops near your area — the top insurers have 295+ partner shops. Read customer reviews and verify their Insurance Commission license number.
What is the claims ratio for FPG vs OONA?
The average claims settlement ratio for FPG vs OONA in the Philippines is approximately 11%, meaning 11 out of 100 filed claims are approved. The top 5 insurers maintain ratios above 32%. Claims are most commonly filed for own damage (3%) followed by theft (27%).