How Much Does it Cost to Insure Your Toyota Vehicle in the Philippines?

Venus Zoleta
·10 min read
Toyota Car Insurance Price Philippines | Moneymax
Toyota Car Insurance Price Philippines | Moneymax

Toyota remains the undisputed best-selling car brand in the Philippines, leading the automotive market with around 40% share of the sales in 2020[1]. This despite the overall decline in car sales due to the COVID-19 pandemic and the series of typhoons in the latter part of the year.

Also, the Japanese carmaker has among the most talked-about vehicle models, at least in the Philippines. Out of the 10 most popular cars launched in the country in 2020[2], six are Toyota models: Fortuner, Rush, Hilux, Wigo, Corolla Cross, and Hiace.

If you recently bought or are considering to get a Toyota, its affordable selling price is most likely the key factor in your purchase decision. And it makes a lot of sense—in these financially challenging times—to look for the cheapest Toyota car insurance price for your new ride.

Keep reading to get an idea of how much it will cost you to get a Toyota car insurance policy.

Is Toyota Expensive to Insure?

Toyota motor insurance costs, as with those of other Japanese cars like Honda and Nissan, come cheap in the Philippines. What drives a Toyota car insurance price down is the vehicle brand’s high safety ratings. Toyotas are equipped with top-notch safety features, which is a factor that affects car insurance costs. Also, Toyota car parts are easy and affordable to replace or repair.

Here’s a table showing the lowest Toyota car insurance price per model if you’re looking for the cheapest coverage for your vehicle. Note that the prices are estimates from actual vehicle insurance providers. The actual car insurance costs may still vary per Toyota model variant.

Lowest Annual Toyota Car Insurance Price per Model

Toyota Model

Cheapest Annual Premium

Car Trim

Toyota Wigo

PHP 11,245

2020 Toyota Wigo E 1.0L Gas M/T

Toyota Vios

PHP 12,973

2020 Toyota Vios J Base Model 1.3L Gas M/T

Toyota Innova

PHP 13,885

2020 Toyota Innova G 2.0L Gas M/T

Toyota Hilux

PHP 14,740

2020 Toyota Hilux CabChassis 2.4L Diesel M/T

Toyota Rush

PHP 16,863

2020 Toyota Rush E 1.5L Gas M/T

Toyota Yaris

PHP 16,891

2020 Toyota Yaris E 1.3L Gas M/T

Toyota Corolla Altis

PHP 18,520

2020 Toyota Corolla Altis E 1.6L M/T

Toyota Hiace

PHP 24,684

2020 Toyota Hiace Commuter 3.0L Diesel M/T

Toyota Fortuner

PHP 26,976

2020 Toyota Fortuner G 2.4L Diesel M/T

Toyota FJ Cruiser

PHP 33,850

2020 Toyota FJ Cruiser 4.0L Gas A/T

Get a Free Car Insurance Quote for Your Toyota

Below is a list of top car insurance companies and their features. Compare your options and get a free quote from Moneymax!

Car Insurance Company

Features

MAPFRE Insular

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New India Assurance

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SGI Philippines

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Stronghold Insurance

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The Mercantile Insurance Corporation

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Read more: 8 Effective Ways to Lower Your Comprehensive Car Insurance Price

Toyota Wigo Insurance Price

Cheapest Annual Premium: PHP 11,245

Toyota car insurance price is for a 2020 Toyota Wigo E 1.0L Gas M/T

toyota car insurance price - toyota wigo insurance
toyota car insurance price - toyota wigo insurance

The Wigo is Toyota’s top-selling mini subcompact car. It’s one of the cheapest cars you can buy for PHP 700,000, being the Japanese automaker’s lowest-priced model. This car also has the cheapest Toyota car insurance price, starting at only PHP 11,000+.

The mini hatchback’s 1.0-liter three-cylinder gasoline engine features Toyota’s VVTi technology for greater acceleration and fuel efficiency. Its safety equipment includes driver and passenger airbags, child locks, and anti-lock brakes. No wonder Wigo won the Best Adult Occupant Protection and Best Child Occupant Protection awards for the mini car category at the ASEAN NCAP Grand Prix.

Toyota Vios Insurance Price

Cheapest Annual Premium: PHP 12,973

Toyota car insurance price is for a 2020 Toyota Vios J Base Model 1.3L Gas M/T

toyota car insurance price - toyota vios insurance
toyota car insurance price - toyota vios insurance

Who isn’t familiar with Toyota’s famous sedan? The Vios is the top-selling car in the Philippines. With a name that means “to move forward,” the subcompact model locks the lead with its fun style, practicality, and powerful performance.

Vios is generally safe to drive, too, which is why it’s also cheap to get motor insurance for. The 2018 Toyota Vios got a five-star rating in the New Car Assessment Program for Southeast Asia (ASEAN NCAP) Crash Test. Its variants come fitted with standard safety features, including seatbelts, SRS airbags[3] for the driver and passenger, child lock protection, and high mount stop lamp.

Toyota Innova Insurance Price

Cheapest Annual Premium: PHP 13,885

Toyota car insurance price is for a 2020 Toyota Innova G 2.0L Gas M/T

toyota car insurance price - toyota innova insurance
toyota car insurance price - toyota innova insurance

Sleek and sporty, the Innova is one of the most sought-after multi-purpose vehicles (MPVs) in the Philippines. Toyota’s best-selling MPV makes a safe family vehicle. It comes standard with a driver’s knee airbag, dual airbags, and anti-lock braking system with electronic brakeforce distribution. The ASEAN NCAP gave it a four-star and five-star rating for both child and adult occupant protection.

Toyota Hilux Insurance Price

Cheapest Annual Premium: PHP 14,740

Toyota car insurance price is for a 2020 Toyota Hilux CabChassis 2.4L Diesel M/T

toyota car insurance price - toyota hilux insurance
toyota car insurance price - toyota hilux insurance

The rugged Hilux is Toyota’s top-selling pickup truck. It’s got a machine under the hood as powerful as that of the Fortuner: a 2.8-liter turbodiesel churning out 201hp and 500Nm.

Its safety technologies are just as powerful, such as the driver and passenger SRS airbags, driver’s knee airbag, reversing camera, and anti-lock braking system. Toyota Hilux earned the ASEAN NCAP Grand Prix’s Best Child Occupant Protection for the pickup category.

Read more: 7 Reasons Why You Should Get Car Insurance Online

Toyota Rush Insurance Price

Cheapest Annual Premium: PHP 16,863

Toyota car insurance price is for a 2020 Toyota Rush E 1.5L Gas M/T

toyota car insurance price - toyota rush insurance
toyota car insurance price - toyota rush insurance

The latest addition to Toyota Motor Philippines’ lineup, the Toyota Rush is a huge competition against other small SUVs in the Philippines. Toyota’s best-selling entry-level SUV is available in either a five-seater or seven-seater configuration and is known as “the Daihatsu Terios” in other ASEAN markets[4]. The car insurance price for the Rush 2020 model year starts at under PHP 17,000.

Toyota Yaris Insurance Price

Cheapest Annual Premium: PHP 16,891

Toyota car insurance price is for a 2020 Toyota Yaris E 1.3L Gas M/T

toyota car insurance price - toyota yaris insurance
toyota car insurance price - toyota yaris insurance

A flashy hatchback that’s fun to drive with ample cargo space—that’s what the Toyota Yaris is known for. These defining qualities for Yaris make this hatchback appealing to married millennials, according to Toyota Motor Philippines.

Its car insurance price is budget-friendly, too. For around less than PHP 20,000 per year (or PHP 1,400 per month), you can easily insure a Yaris vehicle.

Get car insurance today!
Get car insurance today!

Toyota Corolla Altis Insurance Price

Cheapest Annual Premium: PHP 18,520

Toyota car insurance price is for a 2020 Toyota Corolla Altis E 1.6L M/T

toyota car insurance price - toyota altis insurance
toyota car insurance price - toyota altis insurance

The 2020 Corolla Altis costs around PHP 1 million. The Toyota model also has a hybrid version for those who are willing to spend more for better fuel economy and reduced emission.

When it comes to safety, you can count on the Altis to deliver. It’s got numerous safety features, including airbags (driver, passenger, side, curtain shield, and driver knee), lane-departure alert, and pre-collision system, among many others. Car insurance for a Toyota Corolla Altis will cost you at least PHP 18,000+.

Toyota Hiace Insurance Price

Cheapest Annual Premium: PHP 24,684

Toyota car insurance price is for a 2020 Toyota Hiace Commuter 3.0L Diesel M/T

toyota car insurance price - toyota hiace insurance
toyota car insurance price - toyota hiace insurance

The reliable people hauler, the Hiace, is Toyota’s best-selling minivan. It has such a big market in the Philippines that Toyota staged in the country the global launch of its new generation of Hiace in early 2019.

All Hiace variants come equipped with dual front airbags and an anti-lock braking system. The Commuter variant has an additional airbag in the center to protect the passenger sitting in the middle.

Toyota Fortuner Insurance Price

Cheapest Annual Premium: PHP 26,976

Toyota car insurance price is for a 2020 Toyota Fortuner G 2.4L Diesel M/T

toyota car insurance price - toyota fortuner insurance
toyota car insurance price - toyota fortuner insurance

Toyota’s best-selling midsize SUV has that unmistakably commanding presence on the road. Its interior screams luxury all over. Upgrades on the 2020 model year include a power boost in the form of a 2.8-liter DOHC turbodiesel generating up to 201hp and 500Nm of torque, as well as a more masculine exterior.

When it comes to safety, it’s loaded with features that protect both the driver and passengers: driver, passenger, side, and curtain shield airbags; vehicle stability control; active traction control; and hill-start assist control. The ASEAN NCAP gave the Toyota Fortuner a five-star safety rating for adult occupant protection and a four-star rating for child occupant protection.

Read more: Basic Types of Car Insurance Coverage Explained

Toyota FJ Cruiser Insurance Price

Cheapest Annual Premium: PHP 33,850

Toyota car insurance price is for a 2020 Toyota FJ Cruiser 4.0L Gas A/T

toyota car insurance price - toyota fj cruiser insurance
toyota car insurance price - toyota fj cruiser insurance

With its premium vehicle selling price that starts at around PHP 2 million and off-roading capabilities, the FJ Cruiser is among the most expensive to insure among Toyota models. This powerful Toyota SUV earned good safety ratings from the Insurance Institute for Highway Safety crash test.

Final Thoughts

Those who are risking driving without insurance can be penalized and may pay off damages that are more costly than the premium itself. While it may be cheaper to consider a third party liability insurance policy, it’s always worth the time understanding the coverage and the premiums of a fully comprehensive insurance. The Toyota car insurance price doesn’t have to be that expensive and could be cheaper than chopping your coverage to separate pieces.

Compare Toyota car insurance prices from our trusted providers and drive your vehicle worry-free! Or call Moneymax so that an insurance advisor can better assist you.

Related car insurance cost for other car brands:

compare toyota car insurance
compare toyota car insurance

Sources:

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