Insurance Guide

Honda Car Insurance Guide Philippines

Insuring a Honda vehicle in the Philippines costs an average of ₱20,000/year for comprehensive coverage. With 17 models currently sold in the PH market, premiums vary based on the vehicle's market value, engine displacement, and theft rate. Honda ranks #6 in insurance affordability among major brands, with 8 insurers offering brand-specific discounts.

Annual Premium

₱15,000–₱40,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Authorized repair shops across 13 locations nationwide

Loss of use allowance of ₱1,500/day for up to 5 days

Excess bodily injury up to ₱241,000

Free towing up to ₱427,000 per incident

Claims Process

Claims for Honda vehicles follow the standard insurer process. Most Honda owners report claim resolution within 16 business days. Honda has 27 authorized service centers in the Philippines, which most insurers accept for cashless repairs. Parts availability for Honda models averages 2 business days.

Pros & Cons

Advantages

Partners with 5+ hospitals for personal accident claims
Online policy management and renewal portal available
Offers no-claim discount of up to 11% after 1 year
Dedicated relationship manager for policies above ₱184,000
Claims processing averages 10 business days

Drawbacks

No coverage for vehicles older than 10 years
Depreciation rate of 21% per year on vehicle valuation
Processing time can reach 17 days for major claims
Online portal lacks some features available in-app only

Frequently Asked Questions

How do I choose the best Honda car insurance?

Compare at least 7 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 272+ partner shops. Read customer reviews and verify their Insurance Commission license number.

Can I transfer Honda car insurance to a new owner?

Yes, Honda car insurance can be transferred when you sell your vehicle by notifying the insurer within 6 days of the sale. A transfer fee of ₱161,000 to ₱5,000 typically applies. The new owner must submit their own valid ID and proof of ownership.

Is Honda car insurance required by Philippine law?

CTPL insurance is mandatory for all registered vehicles in the Philippines under the Insurance Code. Honda car insurance beyond CTPL is optional but highly recommended given that over 18% of Filipino car owners opt for additional protection. The Insurance Commission regulates all auto insurance products.

What is the claims ratio for Honda car insurance?

The average claims settlement ratio for Honda car insurance in the Philippines is approximately 13%, meaning 13 out of 100 filed claims are approved. The top 5 insurers maintain ratios above 41%. Claims are most commonly filed for own damage (16%) followed by theft (19%).

How do deductibles work for Honda car insurance?

Deductibles for Honda car insurance typically range from ₱15,000 to ₱61,000 per claim. Choosing a higher deductible of ₱61,000 can reduce your annual premium by 20%. 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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