Insurance Guide

Motorcycle Insurance Guide Philippines

Motorcycle insurance in the Philippines averages ₱17,000/year for comprehensive plans. The Motorcycle segment accounts for approximately 23% of all insured vehicles in the country, with over 142,000 active policies. Key factors affecting Motorcycle premiums include vehicle value (averaging ₱630,000), theft statistics, and repair costs at 254 accredited shops.

Annual Premium

₱14,000–₱42,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

Authorized repair shops across 16 locations nationwide

Loss of use allowance of ₱2,000/day for up to 20 days

Glass breakage and windshield repair coverage

Excess bodily injury up to ₱148,000

Claims Process

Claims for Motorcycle vehicles are processed similarly to standard auto claims. Average settlement time is 7 business days. Motorcycle models may require specialized parts, which can add 10 days to the repair timeline. Most insurers cover towing up to ₱7,000 for Motorcycle vehicles.

Pros & Cons

Advantages

Accepts installment payments up to 8 months interest-free
Mobile app available for iOS and Android with claims tracking
Online policy management and renewal portal available
Quick approval for minor claims under ₱351,000
Provides courtesy car for up to 8 days during repairs

Drawbacks

Customer service wait times average 3 minutes during peak
Deductible starts at ₱84,000 for first-time claims
Limited provincial branch coverage outside Metro Manila (10 offices)
No coverage for vehicles older than 17 years

Frequently Asked Questions

What is the average cost of Motorcycle insurance in the Philippines?

The average cost of Motorcycle insurance in the Philippines ranges from ₱16,000 to ₱25,000 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.

Can I transfer Motorcycle insurance to a new owner?

Yes, Motorcycle insurance can be transferred when you sell your vehicle by notifying the insurer within 10 days of the sale. A transfer fee of ₱125,000 to ₱8,000 typically applies. The new owner must submit their own valid ID and proof of ownership.

Is Motorcycle insurance required by Philippine law?

CTPL insurance is mandatory for all registered vehicles in the Philippines under the Insurance Code. Motorcycle insurance beyond CTPL is optional but highly recommended given that over 11% of Filipino car owners opt for additional protection. The Insurance Commission regulates all auto insurance products.

What documents are needed for Motorcycle 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 11 minutes to complete online.

What is the claims ratio for Motorcycle insurance?

The average claims settlement ratio for Motorcycle insurance in the Philippines is approximately 15%, meaning 15 out of 100 filed claims are approved. The top 5 insurers maintain ratios above 30%. Claims are most commonly filed for own damage (8%) followed by theft (43%).

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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