Toyota is a brand known for producing high-quality and reliable cars, and the Toyota Yaris is no exception. It's a powerful and stylish car that promises a thrilling driving experience. But as a car owner, it's important to understand that owning a car comes with a responsibility to protect it and yourself in case of unexpected accidents or damages. This is where car insurance comes in. In this article, we will discuss the importance of car insurance for Toyota GR Yaris owners in the Philippines and how to get the best deals on car insurance premiums.
Why is Car Insurance Important for Toyota GR Yaris Owners in the Philippines?
Car insurance is crucial for all car owners, regardless of the type or brand of car they own. It's required by law in the Philippines to have Compulsory Third Party Liability (CTPL) insurance, which covers the damages or injuries you may cause to a third party in case of an accident. However, CTPL insurance is limited and does not cover damages to your car or injuries to yourself.
This is where comprehensive car insurance comes in. Comprehensive car insurance offers a more comprehensive coverage that covers damages to your car, theft, and other non-collision related incidents. With comprehensive car insurance, you can have peace of mind knowing that you and your car are protected from unforeseen events.
How Much Does Car Insurance Cost for Toyota Yaris in the Philippines?
The cost of car insurance for Toyota Yaris in the Philippines varies depending on several factors such as the age of the car, the coverage limit, deductible, and exclusions. To give you an idea, the premium for CTPL insurance for Toyota GR Yaris is around PHP 650. Meanwhile, the premium for comprehensive car insurance can range from PHP 15,000 to PHP 30,000 per year, depending on the coverage limit and deductible.
Tips for Getting the Best Car Insurance Premiums for Toyota Yaris in the Philippines
- Compare premiums and coverage from different insurance companies.
- Look for discounts and promos that insurance companies offer.
- Opt for a higher deductible to lower your premium.
- Install safety features and anti-theft devices in your car to lower your premium.
- 5. Check the reputation and financial stability of the insurance company.
Where to Buy the Best and Cheap Car Insurance for Toyota Yaris in the Philippines?
There are several options for buying car insurance in the Philippines. One option is to visit the website of insurance companies directly and request a quote. Another option is to use comparison websites like Philvex.com, which allows you to compare premiums and coverage from different insurance companies in one place.
Based on the updated price list from Philvex.com, as of December 21, 2024, the annual premium of comprehensive insurance of a Toyota Yaris in the Philippines is ranging from ₱6,519.07 to ₱38,447.75 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 Toyota Yaris 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.
| Toyota Yaris Variant | Year | Annual Premium Cost | |
|---|---|---|---|
| 2022 Toyota Yaris E 1300cc Gas A/T FWD Hatchback 5-Seater | 2022 | ₱14,251.21 - ₱15,245.43 | View Quotes |
| 2021 Toyota Yaris E 1300cc Gas A/T FWD Hatchback 5-Seater | 2021 | ₱12,761.53 - ₱13,630.33 | View Quotes |
| 2020 Toyota Yaris E 1300cc Gas A/T FWD Hatchback 5-Seater | 2020 | ₱11,429.31 - ₱12,185.93 | View Quotes |
| 2019 Toyota Yaris E 1300cc Gas A/T FWD Hatchback 5-Seater | 2019 | ₱10,339.31 - ₱11,004.15 | View Quotes |
| 2018 Toyota Yaris E 1300cc Gas A/T FWD Hatchback 5-Seater | 2018 | ₱9,370.42 - ₱9,953.67 | View Quotes |
| 2017 Toyota Yaris E 1300cc Gas A/T FWD Hatchback 5-Seater | 2017 | ₱8,462.09 - ₱8,968.85 | View Quotes |
| 2016 Toyota Yaris E 1300cc Gas A/T FWD Hatchback 5-Seater | 2016 | ₱7,674.86 - ₱8,115.36 | View Quotes |
| 2020 Toyota Yaris E 1300cc Gas M/T FWD Hatchback 5-Seater | 2020 | ₱10,520.98 - ₱11,201.11 | View Quotes |
| 2019 Toyota Yaris E 1300cc Gas M/T FWD Hatchback 5-Seater | 2019 | ₱9,491.53 - ₱10,084.99 | View Quotes |
| 2018 Toyota Yaris E 1300cc Gas M/T FWD Hatchback 5-Seater | 2018 | ₱8,583.20 - ₱9,100.18 | View Quotes |
| 2017 Toyota Yaris E 1300cc Gas M/T FWD Hatchback 5-Seater | 2017 | ₱7,856.54 - ₱8,312.31 | View Quotes |
| 2016 Toyota Yaris E 1300cc Gas M/T FWD Hatchback 5-Seater | 2016 | ₱7,129.86 - ₱7,524.47 | View Quotes |
| 2017 Toyota Yaris G 1500cc Gas A/T FWD Hatchback 5-Seater | 2017 | ₱7,372.09 - ₱7,787.08 | View Quotes |
| 2016 Toyota Yaris G 1500cc Gas A/T FWD Hatchback 5-Seater | 2016 | ₱6,519.07 - ₱6,877.83 | View Quotes |
| 2022 Toyota Yaris GR 1600cc Gas M/T AWD Hatchback 5-Seater | 2022 | ₱35,651.55 - ₱38,447.75 | View Quotes |
| 2022 Toyota Yaris S 1500cc Gas A/T FWD Hatchback 5-Seater | 2022 | ₱15,910.42 - ₱17,044.38 | View Quotes |
| 2021 Toyota Yaris S 1500cc Gas A/T FWD Hatchback 5-Seater | 2021 | ₱14,214.87 - ₱15,206.04 | View Quotes |
| 2020 Toyota Yaris S 1500cc Gas A/T FWD Hatchback 5-Seater | 2020 | ₱12,700.98 - ₱13,564.68 | View Quotes |
| 2019 Toyota Yaris S 1500cc Gas A/T FWD Hatchback 5-Seater | 2019 | ₱11,429.31 - ₱12,185.93 | View Quotes |
| 2018 Toyota Yaris S 1500cc Gas A/T FWD Hatchback 5-Seater | 2018 | ₱10,339.31 - ₱11,004.15 | 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.
Key Takeaways
As a Toyota Yaris owner in the Philippines, having car insurance is important to protect yourself and your car from unforeseen events. It's required by law to have CTPL insurance, but it's also recommended to get comprehensive car insurance for more comprehensive coverage. To get the best car insurance premium, compare premiums and coverage from different insurance companies, look for discounts and promos, opt for a higher deductible, and install safety features and anti-theft devices.
Final Thoughts
Owning a Toyota Yaris in the Philippines is an exciting experience, but it also comes with the responsibility of protecting your car and yourself. Car insurance is a must-have for any car owner, and getting the right coverage can save you from a lot of stress and financial burden in case of an accident.
Remember to always read and understand the terms and conditions of your car insurance policy before signing up. It's also important to keep your car well-maintained and follow traffic rules to avoid accidents and damages.
In conclusion, car insurance is crucial for Toyota GR Yaris owners in the Philippines. With the right coverage, you can have peace of mind knowing that you and your car are protected from unforeseen events. Be sure to compare premiums and coverage from different insurance companies and look for ways to lower your premium without sacrificing coverage.
