Paramount Car Insurance
Paramount Life & General Insurance Corporation
By Aditya AmanPublished Oct 3, 2026Updated Oct 4, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.Paramount Life & General writes one Motor Insurance (official source) policy for private and commercial vehicles. It pays for collision, fire, theft and malicious damage, even while the car is being transported. Flood, typhoon and earthquake come only through its Acts of God extension.
Call (02) 8772-9225Get an online quoteOfficial site
Licensed as a composite life and non-life insurer under Certificate of Authority 2025/69-R, on the Insurance Commission list of 31 August 2026 (official source).
What Paramount Insurance sells
Motor Insurance
- Accidental collision or overturning
- Fire, external explosion, self-ignition or lightning
- Burglary, housebreaking or theft
- Malicious acts
- Loss or damage while the car is being transported
- CTPL: third-party death or bodily injury, up to ₱200,000
- Excess bodily injury or excess liability
- Third-party property damage
- Auto passenger personal accident, driver included
- Acts of God extension: flood, typhoon, hurricane, volcanic eruption, earthquake
Buy through: Online quote form (a representative calls back), Paramount agents, Paramount offices.
Paramount Insurance coverage at a glance
- Own damage and theft
- Included
- Excess bodily injury
- Included
- Third-party property damage
- Included
- Auto personal accident
- Included. Passengers and the driver
- Acts of nature
- Optional. Acts of God extension: flood, typhoon, hurricane, volcanic eruption, earthquake
How to file a Paramount Insurance claim
- Notify Paramount at once
Call the motor claims line on (02) 8772-9225, tell your agent, visit an office or mail a notice to the Makati head office. All four routes are on Paramount's claims page (official source).
- Send third parties to Paramount
If another party claims against you, refer them to Paramount, as its claim checklist asks.
- Get the repair estimate
Take the car for an estimate to the accredited shop the claims office names.
- Submit the documents
Copies must be certified true copies. Contestable claims are investigated first, which lengthens processing.
- Police report and affidavit
- CR and OR of the vehicle
- Driver's licence and OR
- Stencil of the engine and chassis numbers
Documents to have ready
4 of 4 still to gather
Before you buy
- Ask whether acts of nature (flood, typhoon, earthquake) and riot, strike and civil commotion are in your quote. The IC standard Private Car Policy (official source) excludes them unless added as an optional cover.
- Ask for the participation (deductible) in writing. Unless the insurer states its own figure, the IC motor tariff (official source) sets the higher of ₱2,000 or 0.5% of the sum insured.
- Parts are depreciated on own-damage claims once the car is over 3 years old, from 20% up to 40% by age, under the standard policy (official source). A total loss is settled differently.
- Tell the insurer as soon as possible after an accident, with full details, and keep every claim document. For carnapping, the policy (official source) also asks for immediate notice to the police.
- If the car is financed, name the bank as mortgagee: how to insure a financed vehicle.
- Your policy schedule and wording decide what is paid. For a dispute the insurer cannot settle, the Insurance Commission's public assistance desk takes complaints: how to file a claim.
Paramount Insurance contact
- Claims hotline
- (02) 8772-9225
- Address
- 14F and 15F Sage House, 110 V.A. Rufino St., Legaspi Village, Makati City
About Paramount Insurance
- Founded
- May 1950
Paramount Insurance questions
What does Paramount comprehensive car insurance cover?
Collision, overturning, fire, theft and malicious damage to your car, even while it is transported, per Paramount's motor page (official source). Liability parts are CTPL, excess bodily injury and property damage.
Passenger accident cover includes the driver.
Does Paramount cover flood and typhoon damage?
Only through the Acts of God extension: flood, typhoon, hurricane, volcanic eruption and earthquake. A policy bought without it leaves those losses unpaid, so ask for it when you request the quote.
See acts of nature cover for how the add-on is priced.
What is the Paramount motor claims hotline?
Call (02) 8772-9225, 8772-9233, 8772-9236 or 8772-9254, the numbers on Paramount's motor claim checklist. The main office line is (02) 8772-9200 on weekdays from 8:00 AM to 5:00 PM.
Is Paramount Insurance licensed?
Yes. Paramount Life & General holds composite Certificate of Authority 2025/69-R, for life and non-life, on the IC list of 31 August 2026 (official source).
Daniel Go founded it in May 1950, per Paramount's history page (official source).
How much is CTPL from Paramount?
The Insurance Commission sets CTPL, so Paramount charges the 2026 tariff. Under IC Memorandum Circular 4-2006 (official source), that is ₱560 for one year on a private car or ₱1,610 for three.
Paramount's motor page still shows the old ₱15,000 no-fault cap. IC Memorandum Circular 2024-01 (official source) raised it to ₱30,000.
A comprehensive policy is quoted per car; compute one here.
