Insurance Guide

AXA vs BPI MS Insurance Comparison Philippines

Comparing AXA and BPI MS insurance reveals key differences across 6 categories. AXA premiums average ₱24,000/year while BPI MS starts at ₱12,000/year. AXA has 72 accredited repair shops versus BPI MS's 172. Claims settlement speed averages 7 business days for AXA and 12 for BPI MS.

Annual Premium

₱15,000–₱63,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Own Damage and Theft (OD/T) coverage up to ₱413,000

Authorized repair shops across 19 locations nationwide

24/7 roadside assistance within 11 km radius

No-claim discount of up to 12% on renewal

Fire and lightning damage protection

Claims Process

Both AXA and BPI MS follow a similar 6-step claims process. AXA averages 12 business days for settlement, while BPI MS takes approximately 9 days. AXA requires documents within 6 days of the incident; BPI MS allows up to 9 days.

Pros & Cons

Advantages

Offers no-claim discount of up to 10% after 1 year
Coverage extends to natural calamities common in PH
24/7 customer hotline with average hold time under 11 minutes
Quick approval for minor claims under ₱496,000
Accredited in over 13 repair shops across the Philippines

Drawbacks

Depreciation rate of 21% per year on vehicle valuation
Excess coverage requires separate add-on costing ₱56,000/year
Requires minimum 3 repair shop quotes for claims above ₱450,000
Limited provincial branch coverage outside Metro Manila (20 offices)

Frequently Asked Questions

What is the claims ratio for AXA vs BPI MS?

The average claims settlement ratio for AXA vs BPI MS in the Philippines is approximately 17%, meaning 17 out of 100 filed claims are approved. The top 5 insurers maintain ratios above 33%. Claims are most commonly filed for own damage (15%) followed by theft (42%).

What is the average cost of AXA vs BPI MS in the Philippines?

The average cost of AXA vs BPI MS in the Philippines ranges from ₱20,000 to ₱70,000 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 20 or more payment installment options.

How do deductibles work for AXA vs BPI MS?

Deductibles for AXA vs BPI MS typically range from ₱9,000 to ₱71,000 per claim. Choosing a higher deductible of ₱71,000 can reduce your annual premium by 25%. First-time claims within the policy year usually carry the standard deductible amount.

Can I transfer AXA vs BPI MS to a new owner?

Yes, AXA vs BPI MS can be transferred when you sell your vehicle by notifying the insurer within 18 days of the sale. A transfer fee of ₱51,000 to ₱4,000 typically applies. The new owner must submit their own valid ID and proof of ownership.

Is AXA vs BPI MS required by Philippine law?

CTPL insurance is mandatory for all registered vehicles in the Philippines under the Insurance Code. AXA vs BPI MS beyond CTPL is optional but highly recommended given that over 12% of Filipino car owners opt for additional protection. The Insurance Commission regulates all auto insurance products.

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