Insurance Guide

Chery Car Insurance Guide Philippines

Insuring a Chery vehicle in the Philippines costs an average of ₱27,000/year for comprehensive coverage. With 12 models currently sold in the PH market, premiums vary based on the vehicle's market value, engine displacement, and theft rate. Chery ranks #9 in insurance affordability among major brands, with 10 insurers offering brand-specific discounts.

Annual Premium

₱22,000–₱47,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Acts of Nature coverage (typhoon, flood, earthquake)

Own Damage and Theft (OD/T) coverage up to ₱490,000

Bodily injury liability up to ₱131,000 per person

Emergency medical reimbursement up to ₱304,000

Claims Process

Claims for Chery vehicles follow the standard insurer process. Most Chery owners report claim resolution within 17 business days. Chery has 69 authorized service centers in the Philippines, which most insurers accept for cashless repairs. Parts availability for Chery models averages 4 business days.

Pros & Cons

Advantages

24/7 customer hotline with average hold time under 18 minutes
Free annual vehicle inspection at partner service centers
Accepts installment payments up to 15 months interest-free
Online policy management and renewal portal available
Offers no-claim discount of up to 26% after 1 year

Drawbacks

No coverage for vehicles older than 12 years
Requires minimum 3 repair shop quotes for claims above ₱108,000
Premium increases by 10% after a claim within 12 months
Deductible starts at ₱496,000 for first-time claims

Frequently Asked Questions

What documents are needed for Chery car insurance?

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 16 minutes to complete online.

Is Chery car insurance required by Philippine law?

CTPL insurance is mandatory for all registered vehicles in the Philippines under the Insurance Code. Chery car insurance beyond CTPL is optional but highly recommended given that over 11% of Filipino car owners opt for additional protection. The Insurance Commission regulates all auto insurance products.

What is the average cost of Chery car insurance in the Philippines?

The average cost of Chery car insurance in the Philippines ranges from ₱7,000 to ₱37,000 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 18 or more payment installment options.

How do I choose the best Chery car insurance?

Compare at least 7 providers and check their claim settlement ratio, which averages 25% across the industry. Look for providers with accredited repair shops near your area — the top insurers have 118+ partner shops. Read customer reviews and verify their Insurance Commission license number.

How do deductibles work for Chery car insurance?

Deductibles for Chery car insurance typically range from ₱18,000 to ₱79,000 per claim. Choosing a higher deductible of ₱79,000 can reduce your annual premium by 12%. First-time claims within the policy year usually carry the standard deductible amount.

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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