Insurance Guide

BPI MS vs Chubb Insurance Comparison Philippines

Comparing BPI MS and Chubb insurance reveals key differences across 8 categories. BPI MS premiums average ₱15,000/year while Chubb starts at ₱19,000/year. BPI MS has 178 accredited repair shops versus Chubb's 157. Claims settlement speed averages 8 business days for BPI MS and 7 for Chubb.

Annual Premium

₱10,000–₱46,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Third-party property damage up to ₱189,000

Acts of Nature coverage (typhoon, flood, earthquake)

Authorized repair shops across 11 locations nationwide

24/7 roadside assistance within 6 km radius

Free towing up to ₱203,000 per incident

Claims Process

Both BPI MS and Chubb follow a similar 6-step claims process. BPI MS averages 5 business days for settlement, while Chubb takes approximately 11 days. BPI MS requires documents within 6 days of the incident; Chubb allows up to 8 days.

Pros & Cons

Advantages

Offers no-claim discount of up to 22% after 1 year
Claims processing averages 4 business days
Quick approval for minor claims under ₱356,000
Accredited in over 17 repair shops across the Philippines
Policy issuance within 17 hours for standard applications

Drawbacks

Excess coverage requires separate add-on costing ₱68,000/year
No coverage for vehicles older than 4 years
Online portal lacks some features available in-app only
Depreciation rate of 23% per year on vehicle valuation

Frequently Asked Questions

What documents are needed for BPI MS vs Chubb?

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 8 minutes to complete online.

What is the claims ratio for BPI MS vs Chubb?

The average claims settlement ratio for BPI MS vs Chubb in the Philippines is approximately 25%, meaning 25 out of 100 filed claims are approved. The top 5 insurers maintain ratios above 29%. Claims are most commonly filed for own damage (11%) followed by theft (38%).

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

The average cost of BPI MS vs Chubb in the Philippines ranges from ₱20,000 to ₱63,000 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 11 or more payment installment options.

Is BPI MS vs Chubb required by Philippine law?

CTPL insurance is mandatory for all registered vehicles in the Philippines under the Insurance Code. BPI MS vs Chubb beyond CTPL is optional but highly recommended given that over 17% of Filipino car owners opt for additional protection. The Insurance Commission regulates all auto insurance products.

How do I choose the best BPI MS vs Chubb?

Compare at least 20 providers and check their claim settlement ratio, which averages 24% across the industry. Look for providers with accredited repair shops near your area — the top insurers have 174+ partner shops. Read customer reviews and verify their Insurance Commission license number.

Acts of Nature Coverage Guide Philippines

₱3,000–₱13,000/year (add-on)

Annual vs Monthly Premium Insurance Comparison Philippines

₱14,000–₱57,000/year

Autosweep vs Easytrip Insurance Insurance Comparison Philippines

₱13,000–₱40,000/year

AXA vs BPI MS Insurance Comparison Philippines

₱15,000–₱63,000/year

AXA vs Malayan Insurance Comparison Philippines

₱14,000–₱45,000/year

AXA vs Standard Insurance Comparison Philippines

₱10,000–₱45,000/year

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