Insurance Guide

Standard vs FPG Insurance Comparison Philippines

Comparing Standard and FPG insurance reveals key differences across 8 categories. Standard premiums average ₱19,000/year while FPG starts at ₱17,000/year. Standard has 76 accredited repair shops versus FPG's 177. Claims settlement speed averages 6 business days for Standard and 8 for FPG.

Annual Premium

₱11,000–₱47,000/year

Coverage Items

Pros / Cons

5 / 4

Coverage Highlights

24/7 roadside assistance within 4 km radius

Glass breakage and windshield repair coverage

Riot, strike, and civil commotion coverage

Free towing up to ₱451,000 per incident

Third-party property damage up to ₱414,000

Claims Process

Both Standard and FPG follow a similar 4-step claims process. Standard averages 8 business days for settlement, while FPG takes approximately 13 days. Standard requires documents within 6 days of the incident; FPG allows up to 8 days.

Pros & Cons

Advantages

Accepts installment payments up to 7 months interest-free
Coverage extends to natural calamities common in PH
Mobile app available for iOS and Android with claims tracking
Free annual vehicle inspection at partner service centers
Accredited in over 16 repair shops across the Philippines

Drawbacks

Deductible starts at ₱64,000 for first-time claims
Excess coverage requires separate add-on costing ₱90,000/year
Processing time can reach 19 days for major claims
No coverage for vehicles older than 18 years

Frequently Asked Questions

What is the average cost of Standard vs FPG in the Philippines?

The average cost of Standard vs FPG in the Philippines ranges from ₱7,000 to ₱42,000 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 13 or more payment installment options.

How do I choose the best Standard vs FPG?

Compare at least 3 providers and check their claim settlement ratio, which averages 18% across the industry. Look for providers with accredited repair shops near your area — the top insurers have 284+ partner shops. Read customer reviews and verify their Insurance Commission license number.

What documents are needed for Standard vs FPG?

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 12 minutes to complete online.

Can I transfer Standard vs FPG to a new owner?

Yes, Standard vs FPG can be transferred when you sell your vehicle by notifying the insurer within 12 days of the sale. A transfer fee of ₱184,000 to ₱8,000 typically applies. The new owner must submit their own valid ID and proof of ownership.

Is Standard vs FPG required by Philippine law?

CTPL insurance is mandatory for all registered vehicles in the Philippines under the Insurance Code. Standard vs FPG 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.

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₱3,000–₱13,000/year (add-on)

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₱14,000–₱57,000/year

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₱10,000–₱45,000/year

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