In short
The IC motor car tariff (official source) puts its own damage and theft at 1.25% of value. Taxis, jeepneys, buses and tricycles go on the Land Transportation Operator's policy at 1.25% to 2.00%.
A pick-up or van with passenger seats is rated as a private car. CTPL for a light or medium truck is ₱610 a year, and ₱1,100 for a taxi or jeepney, under IMC 4-2006 (official source).
- Goods-carrying vehicles
- Commercial Vehicle Policy (Annex B), 1.25% own damage and theft
- Taxi, PUJ, buses, tricycles
- Land Transportation Operator's policy (Annex D), 1.25% to 2.00%
- Dual-purpose pick-up or van
- Rated as a private car, 1.25% to 3.75%
- Commercial deductible
- ₱3,000 or 1.0% of value, whichever is higher
- CTPL, light or medium truck
- ₱610 a year
- CTPL, taxi, PUJ, mini bus
- ₱1,100 a year
- Forms and tariff in force
- Standard forms mandatory from 1 July 2023 (IMC 2022-02); CTPL premiums since 1 January 2007 (IMC 4-2006)
Which policy and rate fit your truck, van or taxi
Since 1 July 2023 the IC has five standard motor forms, and three matter for business use. Match the vehicle's actual use to the form, because a claim outside the form's use limits is not covered.
The IC tariff then sets the own damage and theft rate for each class. Commercial rates are single figures, unlike the private car range.
The CTPL price for each class is in the card above. Choose the Commercial Vehicle Policy if the vehicle carries your own goods; choose the operator's policy if it carries paying passengers.
| Vehicle and use | IC policy form | Rate | Deductible |
|---|---|---|---|
| Pick-up or van with passenger seats, for your business | Private Car (Annex A) | 1.25% to 3.75% | ₱2,000 or 0.5% of value |
| Truck or goods-carrying vehicle, hire car | Commercial Vehicle (Annex B) | 1.25% | ₱3,000 or 1.0% of value |
| Bus not run as public transport | Commercial Vehicle (Annex B) | 1.30% | ₱3,000 or 1.0% of value |
| AC, PUJ, taxi, tourist car | Land Transportation Operator (Annex D) | 1.50% | ₱4,000 or 1.25% of value |
| Mini bus and PUB | Land Transportation Operator (Annex D) | 2.00% | ₱4,000 or 1.25% of value |
| Tourist bus | Land Transportation Operator (Annex D) | 1.75% | ₱4,000 or 1.25% of value |
| Tricycle | Land Transportation Operator (Annex D) | 1.25% | ₱4,000 or 1.25% of value |
Use limits: hauling, paying passengers and Grab
The private car and commercial forms both cover use for your business or profession. Both exclude carrying passengers for hire, the motor trade and racing.
Hauling logs, lumber, sand, gravel, bottled drinks or fuel is also excluded unless you pay a 20% additional premium.
Ride-hailing sits in between, so ask before you drive for Grab. Pioneer accepts TNVS cars on its comprehensive cover, and OONA's online CTPL includes ride-hailing use.
FPG Mercantile's online form does not take TNVS or for-hire units, and Standard's online quote is for private cars only. State the real use on the proposal form so the right policy is issued.
CTPL at a glance
- Pays third parties up to
- ₱200,000 for death or injury, all vehicle types
- No-fault payment
- ₱30,000 per person, whoever caused the accident
| Vehicle class | 1 year | 3 years |
|---|---|---|
| Private cars (incl. jeeps and utility vehicles) | ₱560.00 | ₱1,610.00 |
| AC and tourist cars | ₱740.00 | ₱2,120.00 |
| Light and medium trucks (own goods), not over 3,930 kg | ₱610.00 | ₱1,750.00 |
| Heavy trucks (own goods) and private buses over 3,930 kg | ₱1,200.00 | ₱3,440.00 |
| Taxi, PUJ and mini bus | ₱1,100.00 | ₱3,150.00 |
| PUB and tourist bus | ₱1,450.00 | ₱4,150.00 |
| Motorcycles, tricycles and trailers | ₱250.00 | ₱720.00 |
How much is truck insurance? The commercial tariff in full
A truck's premium starts from 1.25% of its value, but the tariff allows loadings on top. Operators' vehicles carry loadings of up to 100%.
A higher deductible earns a discount, as with private cars. Third-party limits are priced by truck size.
Worked example, IC tariff only: a ₱1,500,000 truck at 1.25% is ₱18,750 a year before loadings, add-ons and taxes. Its deductible is 1.0% of value, ₱15,000, since that beats the ₱3,000 minimum.
| Item | Light or medium truck | Heavy truck |
|---|---|---|
| Deductible 1.50% of value (min ₱4,500) | 7% discount | 7% discount |
| Deductible 2.00% of value (min ₱6,000) | 14% discount | 14% discount |
| Bodily injury, ₱100,000 limit | ₱345 | ₱485 |
| Bodily injury, ₱500,000 limit | ₱855 | ₱1,095 |
| Property damage, ₱100,000 limit | ₱1,170 | ₱1,290 |
| Property damage, ₱500,000 limit | ₱1,680 | ₱1,680 |
| CTPL, 1 year / 3 years | ₱610 / ₱1,750 (up to 3,930 kg) | ₱1,200 / ₱3,440 |
Who insures trucks, vans and company fleets
Standard Insurance sells Truck Protect for business owners. PhilFirst writes business fleets on its commercial Motor Car line, and OONA has a Commercial Auto page.
Pioneer takes TNVS cars on its regular comprehensive cover.
Several others list commercial or operator classes on their motor policy. For financing the vehicle itself, see the truck loan guide and car loans for business use.
Model prices are on our trucks and vans pages. Product pages are as each insurer shows them in October 2026.
- Standard Insurance
- Truck Protect, for business owners
- PhilFirst
- Motor Car, business fleet, commercial lines
- OONA
- Commercial Auto
- Pioneer
- Comprehensive cover accepts TNVS and ride-hailing cars
- Paramount
- Motor insurance for private and commercial vehicles
- Commercial vehicle class
- Alliedbankers, Fortune General, Liberty, SGI, Stronghold, Travellers
- Land transportation operator class
- Fortune General, Liberty, Travellers