Insurance Guide

How to Insure an Imported Vehicle — Philippines Guide

This guide covers how to insure an imported vehicle for Filipino car owners in 5 clear steps. The process typically takes 5 business days and may cost between ₱2,500 and ₱14,000 depending on your insurer. Over 415,000 Filipino drivers complete this process each year, and understanding the requirements can save you up to ₱10,000 in fees.

Annual Premium

N/A (guide)

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Acts of Nature coverage (typhoon, flood, earthquake)

Bodily injury liability up to ₱133,000 per person

24/7 roadside assistance within 18 km radius

Own Damage and Theft (OD/T) coverage up to ₱346,000

Claims Process

Relevant claims steps for how to insure an imported vehicle: gather your OR/CR, valid ID, and incident documentation. Contact your insurer within 42 hours. Submit all paperwork to the nearest branch or upload via the insurer's portal. Processing takes 18 business days on average.

Pros & Cons

Advantages

Offers no-claim discount of up to 17% after 1 year
Flexible payment options including GCash and Maya
Mobile app available for iOS and Android with claims tracking
Partners with 10+ hospitals for personal accident claims
Provides courtesy car for up to 20 days during repairs

Drawbacks

No coverage for vehicles older than 15 years
Requires minimum 3 repair shop quotes for claims above ₱198,000
Processing time can reach 7 days for major claims
Online portal lacks some features available in-app only

Frequently Asked Questions

How do deductibles work for How to Insure an Imported Vehicle?

Deductibles for How to Insure an Imported Vehicle typically range from ₱15,000 to ₱77,000 per claim. Choosing a higher deductible of ₱77,000 can reduce your annual premium by 14%. First-time claims within the policy year usually carry the standard deductible amount.

What is the claims ratio for How to Insure an Imported Vehicle?

The average claims settlement ratio for How to Insure an Imported Vehicle in the Philippines is approximately 25%, meaning 25 out of 100 filed claims are approved. The top 5 insurers maintain ratios above 45%. Claims are most commonly filed for own damage (8%) followed by theft (39%).

Can I transfer How to Insure an Imported Vehicle to a new owner?

Yes, How to Insure an Imported Vehicle can be transferred when you sell your vehicle by notifying the insurer within 4 days of the sale. A transfer fee of ₱349,000 to ₱5,000 typically applies. The new owner must submit their own valid ID and proof of ownership.

How do I choose the best How to Insure an Imported Vehicle?

Compare at least 13 providers and check their claim settlement ratio, which averages 20% across the industry. Look for providers with accredited repair shops near your area — the top insurers have 231+ partner shops. Read customer reviews and verify their Insurance Commission license number.

What is the average cost of How to Insure an Imported Vehicle in the Philippines?

The average cost of How to Insure an Imported Vehicle in the Philippines ranges from ₱9,000 to ₱26,000 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 16 or more payment installment options.

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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