CTPL (Mandatory)

Sterling Insurance CTPL Insurance

Sterling 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 ₱289,000. Over 1,612 policies are issued annually through 31 branch offices.

Annual Premium

₱560–₱2,560/year

Coverage Items

4

Pros / Cons

5 / 4

Coverage Highlights

Third-party bodily injury liability up to ₱102,000

Death benefit of ₱99,000 per person

Valid for 2 year(s) from date of issuance

Accepted at all 344 LTO offices nationwide

Claims Process

CTPL claims with Sterling Insurance require a police report filed within 24 hours and medical records submitted within 21 days. The insurer settles valid claims within 40 business days. Contact Sterling Insurance at their 22-branch network or via their online portal.

Pros & Cons

Advantages

  • Accepts installment payments up to 19 months interest-free
  • Policy issuance within 20 hours for standard applications
  • Provides courtesy car for up to 9 days during repairs
  • Quick approval for minor claims under ₱206,000
  • Accredited in over 12 repair shops across the Philippines

Drawbacks

  • Excess coverage requires separate add-on costing ₱250,000/year
  • Depreciation rate of 27% per year on vehicle valuation
  • Online portal lacks some features available in-app only
  • Premium increases by 20% after a claim within 12 months

Frequently Asked Questions

Can I pay Sterling Insurance premiums in installments?
Sterling Insurance offers installment payment plans of up to 9 months for annual premiums above ₱350,000. Monthly payments include a small processing fee of 24%. Credit card, bank transfer, GCash, and Maya are accepted.
What vehicles does Sterling Insurance not cover?
Sterling Insurance does not cover vehicles older than 12 years, those with salvage titles, or vehicles used for racing. Commercial vehicles above 5 tons require a separate commercial policy. Modified vehicles need prior approval and may carry a 21% surcharge.
What is the minimum premium for Sterling Insurance?
The minimum annual premium for Sterling Insurance starts at ₱143,000 for basic plans. This rate applies to vehicles valued under ₱422,000. Additional coverage options may increase the total premium.
Does Sterling Insurance offer a no-claim discount?
Sterling Insurance provides a no-claim discount of up to 24% when you renew without any claims in the previous year. This discount applies to the base premium and can accumulate for up to 13 consecutive claim-free years. The maximum cumulative discount reaches 31%.
How do I file a claim with Sterling Insurance?
To file a claim with Sterling Insurance, call their 24/7 hotline within 7 hours of the incident and submit photos plus a police report within 29 days. Required documents include your policy number, valid ID, and the official incident report. Claims can also be initiated through their mobile app.

Other CTPL (Mandatory) Providers

Alliedbankers Insurance CTPL Insurance

₱610–₱1,800/year

Charter Ping An Insurance CTPL Insurance

₱610–₱1,800/year

Liberty Insurance CTPL Insurance

₱560–₱2,560/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

All Insurance Providers

Get a Free Insurance Quote

Sterling Insurance CTPL Insurance

Free QuotesNo ObligationExpert Help

By submitting, you agree to be contacted regarding your inquiry. Your data is secure and will not be shared with third parties.