Out there to buy a car insurance policy? Good, as this act is more than just fulfilling a legal duty; it is also a choice to protect your finances and vehicle. However, the harsh reality is that obtaining car insurance is not a straightforward process, especially with numerous providers and plans available. We have heard customer testimonies in which they describe the overwhelming experience of going through multiple policies and choosing one that fits all their needs and budget.
But not anymore. We have curated this guide to help you select the best-fit plan in just ten minutes, provided you have assessed your requirements.
So, without any delay, let’s start discussing ways to compare insurance policies in a quick and effective manner.
But, first some basics…
Car insurance in the Philippines - Types of policies available
In the Philippines, car insurance is broadly categorised into two categories: Compulsory Third Party Liability (CTPL) insurance and comprehensive insurance. Additionally, optional add-ons are available for further protection. Let us discuss them in detail -
CTPL: It is the minimum insurance requirement by the LTO. It covers third-party injury/death caused by the insured vehicle. It doesn’t cover the policyholder and their vehicle.
Comprehensive insurance: It is highly recommended for policyholders, as it covers damage to the car due to theft, natural disasters, vandalism, riots, and other similar events. It also covers policyholders' medical, hospital, and legal bills.
Optional Add-ons: In addition to CTPL and comprehensive insurance, policyholders can opt for the following optional coverages, as per their requirements. Known as add-ons, these include the following coverages: Acts of God, Roadside Assistance, and Passenger Coverage.
Photo from FreepikWhy is it essential to compare car insurance policies
To someone new to car insurance, policies from different providers may seem similar at first glance. However, every policy differs from one another in terms of price, coverage, customer support, claim process, and policy terms. Therefore, before making a final decision, it is essential to compare policies and enjoy perks such as saving on premiums, better protection, and choosing providers with better service & fast claim process.
Prep before comparing policies
Do you need to do some preparation before comparing insurance policies? Yes, you need to do the following before initiating the comparison process -
- Gather your vehicle’s OR/CR (Official Receipt/Certificate of Registration).
- Collect car information, such as make, model, manufacturing year, and license plate number.
- Access required converge level.
- Know your driving and claim history, if any.
What to look out for when comparing insurance policies
When you're on a mission to compare car insurance policies, it’s not just about looking at the prices, but also considering the following parameters, including coverage, deductibles, exclusions, the provider’s reputation, customer reviews, and response time.
10-minute guide to compare insurance plans
Step 1: Visit a website with an insurance plan comparison tool. Go to a trusted Filipino insurance aggregator, such as Zen Insure.
Step 2: Input car details: Fill in the essential information on comparison websites, such as the vehicle’s brand, year, model, license plate number, and your personal information, like name, address, etc.
Step 3: Compare plans: One of the most essential steps to get a good insurance deal is to compare insurance offers from at least three to four providers. In addition to premium, compare policies based on coverage, the provider’s reputation, claim process, and customer ratings.
Step 4: Select the desired insurance coverage: Now, it’s time to select the required coverage for your vehicle. Most insurance policies in the Philippines include CTPL, as it is mandatory, and policyholders seeking additional protection opt for comprehensive insurance.
Also Read: Why buying car insurance online is SMARTER in 2025
How to finalise the policy after comparison
Once you are done comparing the insurance policy, here’s how to proceed to buy the optimum plan -
- Select your preferred insurance plan and provider.
- Submit the required documents: vehicle OR/CR, valid ID.
- Make the required payment.
- Check your mail for the e-policy.
- Print out the policy, keep the hard copy in your car’s glovebox.
Photo from FreepikMistakes to avoid when comparing plans
- Only preferring the providers with the lowest prices
- Not reading the policy's fine print
- Ignoring exclusions and deductibles
- Forgetting to check providers' reviews
- Forgetting about ‘processing fees’ or ‘document charges’
- Missing out on exclusive promos, discounts for bundled plans, and No Claim Bonus
Also Read: Understanding car insurance deductibles in the Philippines
Bottom line
Can you compare car insurance plans in just a few minutes? Yes, you can compare insurance policies quickly and easily, all thanks to trusted online platforms like Zen Insure. Using such platforms, Filipino car drivers can not only compare policies from top insurers based on price and coverage, but also apply for the best option from the comfort of their own home.
Whether you are a new car owner or looking to renew your current policy, this guide will help you save time, money, and stress.
FAQs
Q1. I do not have a car; can I still compare policies to get an idea?
Ans. Yes, it is possible to compare policies and use the mock details to get an idea of what to expect.
Q2. Is it safe to compare car insurance policies in the Philippines?
Ans. Yes, however, be sure to use licensed and trusted websites when sharing your details. Zen Insure is one such safe and secure platform.
Q3. What are the charges for comparing policies?
Ans. Comparing car insurance plans is entirely free. The only time you have to pay is when you purchase the policy.
Q4. Is it advised to look for car insurance quotes online?
Ans. The insurance quotes you get online are estimated rates; however, they are highly accurate, as the final price may differ slightly, depending on the client's assessment by the provider.
Q5. My existing policy does not have Acts of God coverage. Is it possible to add it now?
Ans. Yes, for sure. Insurance providers allow policyholders to add or remove coverages from their plan.
Q6. Name some of the IC-certified insurance providers in the country?
Ans. Some popular ones are AXA, Pioneer, Malayan, FPG, and Standard, among others.
Q7. Is comprehensive insurance more expensive than CTPL?
Ans. Yes. Comprehensive insurance policies can be somewhat costly. The cost depends on multiple factors, including the car’s price, model, driver’s age, location, claim history, and driving record. It typically ranges from PHP 10,000 to PHP 100,000 or more.
For example, with a basic, affordable vehicle, you may be able to obtain annual car insurance for less than ₱10,000; on the other hand, if you own luxury vehicles like Mercedes-Benz, Audi, or Land Rover, you may need to pay more than ₱100,000 per year.
Q8. Is it legal to purchase car insurance online?
Ans. Yes, it is legal to buy a car insurance policy online. Ensure that the provider is certified by the Insurance Commission.
Q9. What is the difference between deductible and premium?
Ans. A premium is what a policyholder pays to the insurance company for the coverage. At the same time, the deductible is the amount paid by the policyholder from their pocket before the claim settlement amount is applied.
Q10. How can I ensure the legitimacy of an insurance company?
Ans. Ensure that the insurance provider is certified by the Insurance Commission (IC).
Also Read: What is covered (and not covered) in a car insurance policy in the Philippines
