Insurance Guide

Comprehensive vs Third-Party Only Insurance Comparison Philippines

Comparing Comprehensive and Third-Party Only insurance reveals key differences across 6 categories. Comprehensive premiums average ₱29,000/year while Third-Party Only starts at ₱17,000/year. Comprehensive has 56 accredited repair shops versus Third-Party Only's 133. Claims settlement speed averages 11 business days for Comprehensive and 10 for Third-Party Only.

Annual Premium

₱12,000–₱53,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Loss of use allowance of ₱1,500/day for up to 11 days

Fire and lightning damage protection

24/7 roadside assistance within 7 km radius

Personal accident coverage for driver and up to 4 passengers

Riot, strike, and civil commotion coverage

Claims Process

Both Comprehensive and Third-Party Only follow a similar 5-step claims process. Comprehensive averages 10 business days for settlement, while Third-Party Only takes approximately 6 days. Comprehensive requires documents within 6 days of the incident; Third-Party Only allows up to 5 days.

Pros & Cons

Advantages

Mobile app available for iOS and Android with claims tracking
Flexible payment options including GCash and Maya
Provides courtesy car for up to 8 days during repairs
Accredited in over 5 repair shops across the Philippines
Accepts installment payments up to 10 months interest-free

Drawbacks

Limited provincial branch coverage outside Metro Manila (17 offices)
Excess coverage requires separate add-on costing ₱301,000/year
No coverage for vehicles older than 19 years
Requires minimum 3 repair shop quotes for claims above ₱410,000

Frequently Asked Questions

How do deductibles work for Comprehensive vs Third-Party Only?

Deductibles for Comprehensive vs Third-Party Only typically range from ₱13,000 to ₱25,000 per claim. Choosing a higher deductible of ₱25,000 can reduce your annual premium by 18%. First-time claims within the policy year usually carry the standard deductible amount.

Can I transfer Comprehensive vs Third-Party Only to a new owner?

Yes, Comprehensive vs Third-Party Only can be transferred when you sell your vehicle by notifying the insurer within 19 days of the sale. A transfer fee of ₱313,000 to ₱6,000 typically applies. The new owner must submit their own valid ID and proof of ownership.

What documents are needed for Comprehensive vs Third-Party Only?

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 11 minutes to complete online.

What is the average cost of Comprehensive vs Third-Party Only in the Philippines?

The average cost of Comprehensive vs Third-Party Only in the Philippines ranges from ₱7,000 to ₱34,000 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 15 or more payment installment options.

How do I choose the best Comprehensive vs Third-Party Only?

Compare at least 11 providers and check their claim settlement ratio, which averages 22% across the industry. Look for providers with accredited repair shops near your area — the top insurers have 192+ partner shops. Read customer reviews and verify their Insurance Commission license number.

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