Motorcycle insurance calculator Philippines
Estimate an annual insurance budget while keeping CTPL and comprehensive protection separate. The calculator is deliberately editable because insurer premiums, taxes, deductibles and covered risks vary.
Estimate insurance for Kymco KRV 180i TCS
The editable percentage starts at the Insurance Commission motor tariff's 1.40% own-damage-and-theft reference for motorcycles. Treat it only as a comparison starting point and replace it with the rate or premium in a current insurer quote.
CTPL and comprehensive insurance are different
Compulsory motor-vehicle liability insurance is required for registration and focuses on third-party bodily injury/death subject to policy terms. Insurance Memorandum Circular 2024-01 raised the compulsory liability benefit limit to ₱200,000. Comprehensive cover can add own-damage, theft and other protections depending on the insurer and policy.
The 1.40% starting rate shown above comes from the Insurance Commission's published motor tariff for motorcycle own damage and theft. It is a reference input, not a promise that a current insurer will quote that rate.
Motorcycle insurance questions
Is CTPL the same as comprehensive motorcycle insurance?
No. CTPL is the compulsory liability cover used for registration and focuses on third-party bodily injury or death subject to the policy. Comprehensive cover can add own-damage, theft and other protections depending on the insurer and policy.
What insured value should I enter?
Use the value basis shown in a current insurer quote or a realistic current motorcycle value. The prefilled model price is only a planning starting point and should be replaced when you have a formal quote.
Is the calculator an insurance quote?
No. It is a budgeting tool. The actual premium depends on the insurer, policy wording, deductible, taxes, optional cover and underwriting.