CTPL (Mandatory)

Liberty Insurance CTPL Insurance

Liberty Insurance provides CTPL insurance mandated by the Insurance Commission for all vehicles registered with the LTO. Premiums range from ₱560 for motorcycles to ₱2,560 for private cars, covering third-party bodily injury up to ₱183,000. Over 1,888 policies are issued annually through 43 branch offices.

Annual Premium

₱560–₱2,560/year

Coverage Items

4

Pros / Cons

5 / 4

Coverage Highlights

Third-party bodily injury liability up to ₱159,000

Death benefit of ₱88,000 per person

Valid for 2 year(s) from date of issuance

Accepted at all 404 LTO offices nationwide

Claims Process

CTPL claims with Liberty Insurance require a police report filed within 24 hours and medical records submitted within 29 days. The insurer settles valid claims within 40 business days. Contact Liberty Insurance at their 12-branch network or via their online portal.

Pros & Cons

Advantages

  • 24/7 customer hotline with average hold time under 15 minutes
  • Accepts installment payments up to 12 months interest-free
  • Mobile app available for iOS and Android with claims tracking
  • Quick approval for minor claims under ₱442,000
  • Claims processing averages 5 business days

Drawbacks

  • Depreciation rate of 13% per year on vehicle valuation
  • Online portal lacks some features available in-app only
  • Excess coverage requires separate add-on costing ₱324,000/year
  • Customer service wait times average 10 minutes during peak

Frequently Asked Questions

What vehicles does Liberty Insurance not cover?
Liberty Insurance does not cover vehicles older than 18 years, those with salvage titles, or vehicles used for racing. Commercial vehicles above 3 tons require a separate commercial policy. Modified vehicles need prior approval and may carry a 25% surcharge.
How long does Liberty Insurance take to process claims?
Liberty Insurance processes standard claims within 3 business days from submission of complete documents. Major claims involving third parties may take up to 28 days. You can track your claim status through their online portal.
Can I pay Liberty Insurance premiums in installments?
Liberty Insurance offers installment payment plans of up to 4 months for annual premiums above ₱435,000. Monthly payments include a small processing fee of 24%. Credit card, bank transfer, GCash, and Maya are accepted.
How do I file a claim with Liberty Insurance?
To file a claim with Liberty Insurance, call their 24/7 hotline within 15 hours of the incident and submit photos plus a police report within 16 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.
What is the minimum premium for Liberty Insurance?
The minimum annual premium for Liberty Insurance starts at ₱173,000 for basic plans. This rate applies to vehicles valued under ₱652,000. Additional coverage options may increase the total premium.

Other CTPL (Mandatory) Providers

Alliedbankers Insurance CTPL Insurance

₱610–₱1,800/year

Charter Ping An Insurance CTPL Insurance

₱610–₱1,800/year

Mercantile Insurance CTPL Insurance

₱560–₱2,100/year

Petrogen Insurance CTPL Insurance

₱560–₱2,560/year

PGA Sompo Insurance CTPL Insurance

₱720–₱2,560/year

Prudential Guarantee CTPL Insurance

₱560–₱2,560/year

All Insurance Providers

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Liberty Insurance CTPL Insurance

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