Owning a car is a significant investment, and protecting it with car insurance is a smart move. Car insurance not only provides financial protection in case of accidents or damages, but it's also required by law in the Philippines. In this article, we'll provide a comprehensive guide on car insurance for the Suzuki Celerio, including the importance of having car insurance, technical details on comprehensive and CTPL coverage, how to get the best deals, and the updated price list for each variant.
Overview of the Suzuki Celerio
The Suzuki Celerio is a popular subcompact car known for its fuel efficiency and practicality. It comes in four variants: the Suzuki Celerio 1.0 MT, Suzuki Celerio 1.0 CVT, Suzuki Celerio 1.0 CVT Special Edition, and Suzuki Celerio 1.0 CVT Premium. It's an affordable car that's perfect for city driving, making it a popular choice for first-time car owners.
Importance of Having Car Insurance
Car insurance is a necessity for car owners, especially in the Philippines. It provides financial protection in case of accidents or damages, which can be costly without insurance. Car insurance is also required by law, and driving without it can result in fines or even jail time.
Technical Details on Comprehensive and CTPL Coverage
When buying car insurance for your Suzuki Celerio, it's essential to understand the technical details of comprehensive and CTPL coverage. Comprehensive coverage provides protection against damages to your car, as well as damages to other vehicles or property. It also includes coverage for theft, fire, and natural disasters. On the other hand, CTPL coverage is mandatory in the Philippines and provides third-party liability coverage in case of injuries or damages to other people or their property.
There are different types of car insurance policies that you can choose from, including comprehensive, third-party liability, and personal accident. It's important to understand what each of these policies covers so you can choose the right one for your needs.
Comprehensive car insurance is the most extensive type of policy, covering not only damages to your own vehicle but also damages to other people's property or vehicles. This policy also covers theft, fire, and natural disasters.
Third-party liability car insurance, on the other hand, only covers damages to other people's property or vehicles in case of an accident. It's the minimum requirement by law in the Philippines, but it doesn't cover damages to your own vehicle.
Personal accident car insurance covers medical expenses and death benefits in case of injury or death resulting from a car accident. This policy is usually added as a rider to a comprehensive or third-party liability policy.
How Much is Suzuki Celerio Car Insurance Premium in the Philippines?
The cost of car insurance for a Suzuki Celerio varies depending on factors such as the car's model and year, the driver's age and driving history, and the insurance provider's policy. As of March 2023, the estimated cost of comprehensive car insurance for a brand new Suzuki Celerio 1.0 GL MT is around PHP 14,000 to PHP 16,000 per year, while third-party liability car insurance is around PHP 4,000 to PHP 6,000 per year.
When shopping for car insurance for your Suzuki Celerio, it's important to compare different insurance providers and policies to get the best deal. You can use online comparison sites like philvex.com to easily compare quotes from different providers.
Based on the updated price list from Philvex.com, as of November 20, 2024, the annual premium of comprehensive insurance of a Suzuki Celerio in the Philippines is ranging from ₱3,880.79 to ₱12,369.76 depending on the model years of your car between 2016 and 2022.
To provide you with the specific premium cost of your car, we have prepared a breakdown of the updated price ranges of each Suzuki Celerio variant together with the year manufactured. We highly encourage you to visit the details of the quotes by clicking the "View Quotes" link so that you can compare and contrast each quote from different insurance providers in the Philippines like Mercantile Insurance and Philippine British Assurance Company. Take note that these prices are subject to change based on the specific coverages you choose to include in your policy.
| Suzuki Celerio Variant | Year | Annual Premium Cost | |
|---|---|---|---|
| 2021 Suzuki Celerio GL 1000cc Gas A/T FWD Hatchback 5-Seater | 2021 | ₱8,764.86 - ₱9,297.13 | View Quotes |
| 2020 Suzuki Celerio GL 1000cc Gas A/T FWD Hatchback 5-Seater | 2020 | ₱7,614.31 - ₱8,049.70 | View Quotes |
| 2019 Suzuki Celerio GL 1000cc Gas A/T FWD Hatchback 5-Seater | 2019 | ₱6,519.07 - ₱6,877.83 | View Quotes |
| 2018 Suzuki Celerio GL 1000cc Gas A/T FWD Hatchback 5-Seater | 2018 | ₱5,586.82 - ₱5,884.22 | View Quotes |
| 2017 Suzuki Celerio GL 1000cc Gas A/T FWD Hatchback 5-Seater | 2017 | ₱4,794.37 - ₱5,040.62 | View Quotes |
| 2016 Suzuki Celerio GL 1000cc Gas A/T FWD Hatchback 5-Seater | 2016 | ₱4,309.92 - ₱4,515.39 | View Quotes |
| 2022 Suzuki Celerio GL 1000cc Gas A/T FWD Hatchback 5-Seater 2022 Model | 2022 | ₱11,598.87 - ₱12,369.76 | View Quotes |
| 2021 Suzuki Celerio GL 1000cc Gas M/T FWD Hatchback 5-Seater | 2021 | ₱8,038.19 - ₱8,509.29 | View Quotes |
| 2020 Suzuki Celerio GL 1000cc Gas M/T FWD Hatchback 5-Seater | 2020 | ₱7,069.30 - ₱7,458.81 | View Quotes |
| 2019 Suzuki Celerio GL 1000cc Gas M/T FWD Hatchback 5-Seater | 2019 | ₱6,095.19 - ₱6,418.24 | View Quotes |
| 2018 Suzuki Celerio GL 1000cc Gas M/T FWD Hatchback 5-Seater | 2018 | ₱5,223.48 - ₱5,490.30 | View Quotes |
| 2017 Suzuki Celerio GL 1000cc Gas M/T FWD Hatchback 5-Seater | 2017 | ₱4,491.58 - ₱4,712.35 | View Quotes |
| 2016 Suzuki Celerio GL 1000cc Gas M/T FWD Hatchback 5-Seater | 2016 | ₱3,880.79 - ₱4,065.72 | View Quotes |
| 2022 Suzuki Celerio GL 1000cc Gas M/T FWD Hatchback 5-Seater 2022 Model | 2022 | ₱11,041.75 - ₱11,765.75 | View Quotes |
If your car's model year is before 2016, we encourage you to submit a request for quotation so that insurance providers can offer you customized quotes tailored to your specific needs and circumstances.
Note: Premiums are based on a 1-year coverage period.
Options When Buying Car Insurance Online
Buying car insurance online is a convenient and easy way to get coverage for your Suzuki Celerio. Here are some options when buying car insurance online:
- Comparison sites: Websites like Philvex.com allow you to compare car insurance premiums from different insurance providers.
- Direct purchase: You can also buy car insurance directly from insurance providers' websites.
- Broker or agent: Working with a broker or agent can help you find the best deals and provide guidance in choosing the right coverage for your needs.
How to get the Best Car Insurance for Suzuki Celerio
To get the best car insurance at the lowest price, consider the following tips:
- Compare different insurance providers and policies to find the best deal.
- Opt for a higher deductible, which is the amount you pay out of pocket before the insurance kicks in, to lower your premium.
- Maintain a good driving record and consider taking a defensive driving course to lower your risk profile.
- Bundle your car insurance with other insurance policies like home insurance to get a discount.
- Avoid making small claims that can increase your premiums in the long run.
Final Thoughts
In conclusion, having car insurance for your Suzuki Celerio is important to protect you from financial loss in case of an accident or damage to your vehicle. Make sure to choose the right policy for your needs and compare different providers to get the best deal. Remember to drive safely and maintain a good driving record to keep your premiums low.
