Malayan Insurance
Malayan Insurance is the largest non-life insurer in the Philippines with over 90 years of service. They offer comprehensive motor vehicle insurance covering own damage, theft, third-party liability, and acts of nature. With 160+ accredited repair shops nationwide and 24/7 roadside assistance, Malayan provides extensive support for expressway incidents. Premium rates typically range from 2.5% to 4% of the vehicle's fair market value per year.
Quick Facts
Coverage Type
Comprehensive
Premium Range
₱15,000 – ₱60,000/year (based on vehicle value)
Coverage Details
- Own damage and theft coverage
- Third-party liability up to ₱1,000,000
- Acts of nature (flood, typhoon, earthquake)
- 24/7 roadside assistance and towing
- 160+ accredited repair shops nationwide
- Personal accident coverage for driver and passengers
Claims Process
File a claim within 24 hours through the Malayan hotline or any branch. Present police report for theft/accident, photos of damage, and your policy. Repair authorization takes 1-3 business days. Accredited repair shops handle direct billing — no out-of-pocket costs for covered repairs.
Pros & Cons
Pros
- Largest non-life insurer in the Philippines with the strongest financial backing.
- 160+ accredited repair shops means shorter wait times and direct billing.
- 24/7 roadside assistance covers expressway breakdowns and towing.
- Comprehensive coverage includes acts of nature — critical during typhoon season.
- Over 90 years of operation demonstrates stability and claim-paying ability.
Cons
- Premium rates tend to be 10-15% higher than smaller insurers.
- Claims processing can take up to 5 business days for complex cases.
- Deductibles range from ₱3,000-₱10,000 depending on the vehicle.
- Some add-on coverages like flood require separate endorsements.