Understanding Motor Insurance

May 28, 2021

love and realationship

Araw-araw, napapanood at napakikinggan natin sa balita ang dami ng mga naaksidente sa daan. Some of them suffer from severe injuries that lead to total disablement samantalang ang iba naman ay binabawian na agad ng buhay. According to the World Health Organization (WHO), more than half of all road traffic deaths are among vulnerable road users: pedestrians, cyclists, and motorcyclists. Road traffic injuries are the leading cause of death for children and young adults aged 5-29 years.

In the Philippines, the Metro Manila Development Authority (MMDA) reports that based on road crash statistics from January to August 2020, at least 31,811 accidents have been reported in Metro Manila, with 136 fatalities, 6,614 non-fatal, and 25,061 incurred damages to property. At least 618 accidents occurred on EDSA this year, 509 resulted to property damage while 105 barrier-related accidents were filed. Common causes of barrier-related accidents are driving under the influence of alcohol; physical fatigue, overspeeding, distracted driving, unauthorized use of accessories, and vehicle roadworthiness issues.

Kung magiging part ka ng statistics na ito, gaano ka kahanda?

love and realationship

As a vehicle owner or driver, you need to be responsible and make sure to follow the safety rules when driving such as maintaining your vehicle, wearing a seatbelt, keeping a safe distance, avoiding any kind of distractions, not breaking traffic rules, being careful in poor driving conditions, not getting drunk/drugged. Hindi biro ang maaaring maging epekto ng isang car accident ‘di lamang sa buhay kundi pati na rin sa budget mo. 

It is also highly advisable to secure reliable motor coverage that will ensure your financial safety when the unexpected happens. Kung mag-iinvest ka ng maliit na halaga sa isang maayos na motor insurance, makakawala ka sa malaking gastos na pwede mong harapin in the future. Sa totoo lang, maiiwas ka rin nito sa matinding sakit ng ulo dahil hindi mo na kailangan pa ng mahaba at matagal na diskusyon sa mga taong apektado.

Here are the three (3) types of motor insurance that can help protect you, your family members, your passengers and other drivers:

1. Compulsory Third Party Liability or CTPL is mandated by the Land Transportation Office (LTO) for all vehicle owners upon registration. It only covers injury, permanent disability or death of a third party.

Kung bagong bili ang sasakyan mo o magri-renew ka ng registration sa LTO, kailangan mong kumuha ng CTPL insurance. Using your motor vehicle on a public road without CTPL is illegal.

Paramount Direct offers affordable CTPL insurance rates for different types of vehicles through ctpl.ph where you can apply and pay online, hassle free. Please see rates below:

Vehicle Classification

Total Premium

Private Car (including jeeps and utility vehicles)

P 650.40

Light/Medium Trucks (Own Goods) Not Over 3,930kgs.

P 700.40

Heavy Trucks (Own Goods) and Private Buses over 3,930kgs.

P 1,290.40

AC and Tourist Cars

P 830.40

Taxi, PUJ and Mini

P 1,190.40

PUB and Tourist Bus

P 1,540.40


P 340.40

2. Collision Cover covers your vehicle against collision with an identified motor vehicle. This coverage applies regardless of who is at fault in the accident.  In the Philippines, Paramount Direct is the only insurance company that provides collision cover. It’s affordable and is your best alternative solution to car insurance especially if you are a responsible and experienced driver.

Our product, Car-to-Car Collision or C2C is customizable. You may opt to add Excess Bodily Injury, Property Damage, Auto Passenger, Road Assistance or Acts of God riders for wider coverage at a minimal cost.

Excess Bodily Injury - Reimburses all your expenses in respect to bodily injury in excess of the Limits of Liability indicated in Sections 1 and 2 of your CTPL policy.

Property Damage - Reimburses all your expenses in respect of damage to a Third Party Property provided that your liability shall have first been determined.

Auto Passenger - Reimburses all your expenses in respect to bodily injuries caused by an accident whilst driving and riding the insured vehicle.

Roadside Assistance - Provides 24/7 road assistance service that will take care of you and your vehicle in case of accident-related situations through Paramount Assist, a 24/7 road assistance hotline that will take care of you and your vehicle while on the road.

Acts of God - Automatically covers all your expenses for damages caused by natural disasters such as flood, typhoon, hurricane, volcanic eruption, earthquake or other convulsion of nature.

To get a quote and apply online, please visit www.autosecure.ph.

3. Comprehensive Insurance helps pay for damages done to your car in non-collision accidents. Paramount’s Comprehensive Motor Insurance provides Loss or Damage, Excess Bodily Injury, Property Damage, Personal Accident, and Acts of God coverage - your total protection in just one affordable premium.

LOSS AND/OR DAMAGE COVER protects and indemnifies the vehicle owner against loss or damage of the motor vehicle and its accessories and spare parts resulting from:

  • Accidental collision or overturning.

  • Fire, external explosion, self-ignition or lightning.

  • Burglary, housebreaking or theft.

  • Malicious acts.

Coverage also extends to when the insured vehicle is being transported from one location to another.

EXCESS BODILY INJURY / EXCESS LIABILITY INSURANCE reimburses the vehicle owner for all sums actually paid by the vehicle owner to discharge liability in respect to bodily injury and/or death to a Third Party in an accident caused by the use of the motor vehicle when the Compulsory Third Party Liability (CTPL) limit has been exhausted.

PROPERTY DAMAGE pays for all sums necessary to discharge liability of the vehicle owner in respect to damage to a Third Party property in an accident caused by and arising out of the use of the motor vehicle.

AUTO PASSENGER PERSONAL ACCIDENT protects the passenger (s), including the driver of the motor vehicle, against bodily injury resulting in death or disablement caused by an accident while operating, riding in, boarding or alighting from the insured vehicle.

ACTS OF GOD COVER protects and indemnifies the vehicle owner against loss of or damage to the motor vehicle and its accessories and spare parts resulting from flood, typhoon, hurricane, volcanic eruption, earthquake, and other natural catastrophes.

To request a quote, please visit www.autosecure.ph.

Drive with peace of mind knowing that you and your vehicle are protected. And because Paramount Direct always cares for your welfare and continuously aims to #redirect you towards safety, we are providing you with safe and convenient platforms where you can get a quote and apply for motor insurance.

For CTPL Insurance, visit  www.ctpl.ph 

For C2C Collision Cover, go to  www.autosecure.ph

For Comprehensive Motor Insurance, head on over to www.autosecure.ph