Insurance Guide

Mitsubishi Car Insurance Guide Philippines

Insuring a Mitsubishi vehicle in the Philippines costs an average of ₱34,000/year for comprehensive coverage. With 11 models currently sold in the PH market, premiums vary based on the vehicle's market value, engine displacement, and theft rate. Mitsubishi ranks #15 in insurance affordability among major brands, with 5 insurers offering brand-specific discounts.

Annual Premium

₱29,000–₱54,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

24/7 roadside assistance within 10 km radius

Authorized repair shops across 13 locations nationwide

Riot, strike, and civil commotion coverage

Emergency medical reimbursement up to ₱51,000

Claims Process

Claims for Mitsubishi vehicles follow the standard insurer process. Most Mitsubishi owners report claim resolution within 15 business days. Mitsubishi has 32 authorized service centers in the Philippines, which most insurers accept for cashless repairs. Parts availability for Mitsubishi models averages 7 business days.

Pros & Cons

Advantages

Offers no-claim discount of up to 26% after 1 year
Provides courtesy car for up to 3 days during repairs
Policy issuance within 5 hours for standard applications
Claims processing averages 13 business days
Free annual vehicle inspection at partner service centers

Drawbacks

Depreciation rate of 15% per year on vehicle valuation
Online portal lacks some features available in-app only
Deductible starts at ₱121,000 for first-time claims
Requires minimum 3 repair shop quotes for claims above ₱223,000

Frequently Asked Questions

How do deductibles work for Mitsubishi car insurance?

Deductibles for Mitsubishi car insurance typically range from ₱9,000 to ₱80,000 per claim. Choosing a higher deductible of ₱80,000 can reduce your annual premium by 11%. First-time claims within the policy year usually carry the standard deductible amount.

What documents are needed for Mitsubishi 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 Mitsubishi car insurance required by Philippine law?

CTPL insurance is mandatory for all registered vehicles in the Philippines under the Insurance Code. Mitsubishi car insurance beyond CTPL is optional but highly recommended given that over 12% of Filipino car owners opt for additional protection. The Insurance Commission regulates all auto insurance products.

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

The average cost of Mitsubishi car insurance in the Philippines ranges from ₱8,000 to ₱72,000 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 19 or more payment installment options.

What is the claims ratio for Mitsubishi car insurance?

The average claims settlement ratio for Mitsubishi car insurance in the Philippines is approximately 18%, meaning 18 out of 100 filed claims are approved. The top 5 insurers maintain ratios above 25%. Claims are most commonly filed for own damage (10%) followed by theft (31%).

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