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Looking for affordable car insurance in the Philippines? This guide breaks down the top 5 cheapest cars to insure and how you can get a personalized car insurance quote with Oona Insurance. Discover how vehicle type, driving habits, and coverage options impact your car insurance premiums, and see how Oona makes it easy to get same-day car insurance—fast, hassle-free, and budget-friendly!
Owning a car in the Philippines isn’t just about fuel efficiency—it’s also about keeping your car insurance costs low. Many Filipinos want the perfect balance of affordable premiums, reliable coverage, and hassle-free protection. That’s where Oona Insurance Philippines comes in! We make it easy to find budget-friendly car insurance with quick, no-fuss processing, so you can drive with confidence—without breaking the bank.
Car Model |
Estimated Annual Premium |
Why It's Cheap to Insure |
Best For |
|---|---|---|---|
Hyundai Eon |
₱6,000 – ₱8,500 |
Compact size, cheap parts, easy to repair |
First-time drivers, students |
Suzuki Alto |
₱6,000 – ₱8,000 |
Low market value, excellent fuel economy |
Families, entry-level buyers |
Toyota Wigo |
₱7,500 – ₱10,000 |
Reliable, parts availability, safety features |
Daily commuters, city residents |
Honda Brio |
₱8,000 – ₱11,000 |
Low claims data, solid build, safety ratings |
Professionals, young adults |
Mitsubishi Mirage |
₱8,000 – ₱10,500 |
Good resale, low theft risk, affordable upkeep |
Urban drivers, practical users |
Note: These are estimated premiums for standard comprehensive insurance. Final rates may vary depending on driver profile and location. For an accurate quote, get a free estimate from Oona.
Not only do we offer same-day car insurance, but we also ensure you're getting coverage that fits your car model, driving habits, and budget.
Car insurance premiums in the Philippines aren’t one-size-fits-all. According to the Insurance Commission of the Philippines, factors like vehicle make and model, car age, and location play a big role in determining your comprehensive car insurance cost. Cars with higher market values or those in high-risk areas typically come with higher premiums.
At Oona Insurance, we personalize your car insurance based on:
Vehicle make and model
Age of the car
Safety and anti-theft features
Repair and replacement part costs
Historical claim data for that car
Your driving history and age
Generally, low-maintenance, fuel-efficient cars—like compact hatchbacks and sedans—cost less to insure. They’re not just easy on fuel, but also on your annual insurance premiums!
Owning a car isn’t just about the purchase price—it’s also about the long-term costs, including maintenance, fuel, and car insurance premiums. Some vehicles naturally come with lower insurance rates due to their affordability, ease of repair, availability of spare parts, and lower theft risk. If you’re looking for a wallet-friendly ride that won’t break the bank on insurance, here are five of the cheapest cars to insure in the Philippines:
A compact city car built for efficiency and affordability. The Hyundai Eon is popular among budget-conscious drivers because of its fuel efficiency, affordable parts, and simple repair process. Since it’s cheap to fix and replace, insurers often charge lower premiums.
This entry-level hatchback is one of the most affordable cars in the Philippines, making it an attractive option for first-time drivers. The Suzuki Alto’s low repair costs, small engine size, and good fuel economy contribute to cheaper insurance premiums. It’s also less likely to be targeted for theft, another factor that helps keep insurance costs down.
A best-seller in Metro Manila, the Toyota Wigo is widely known for its affordability, reliability, and strong safety features. Its low accident and claim history make it one of the cheapest cars to insure, while its small engine size and good fuel economy keep overall ownership costs low.
If you’re looking for a small car with big value, the Honda Brio is a solid choice. It boasts good safety ratings, reliable performance, and durability, all of which make it less risky to insure. Its history of fewer high-cost accident claims also means it often qualifies for cheaper premiums.
A practical car built for city driving, the Mitsubishi Mirage is a staple in the economy car market. It’s fuel-efficient, easy to maintain, and has affordable replacement parts, making both maintenance and insurance costs lower. It also holds its resale value well, adding to its long-term affordability.
At Oona Insurance, we understand that keeping car ownership costs low is a priority. That’s why we offer customized car insurance plans that match your vehicle and driving needs—ensuring you get the best value without compromising on coverage.
Ever wondered why car insurance premiums vary from driver to driver? Insurers like Oona Insurance assess several factors when determining your car insurance quote, ensuring that your coverage matches your risk profile. Here’s a breakdown of the key elements that impact how much you pay:
Younger drivers—especially those under 25 years old—are statistically more likely to be involved in accidents, leading to higher insurance premiums. Meanwhile, seasoned drivers with more experience and a clean record often enjoy lower insurance rates as they are seen as lower-risk policyholders.
Your past driving behavior plays a big role in your insurance cost. If you have a history of accidents, traffic violations, or previous claims, insurers may consider you a higher-risk driver and increase your premium. On the other hand, maintaining a clean driving record can make you eligible for discounts and lower rates.
Where you live matters! If your car is parked in an area with high theft rates, frequent flooding, or heavy traffic, your insurance premium may be higher due to the increased risk of damage or loss. Meanwhile, safer, low-risk areas often come with cheaper insurance costs.
At a minimum, all car owners in the Philippines are required to have Compulsory Third-Party Liability (CTPL) insurance, which covers liability for third-party injuries. However, opting for a Comprehensive Car Insurance policy—covering theft, Acts of Nature, collision damage, and personal accident protection—means higher premiums but greater peace of mind. The more coverage you choose, the higher your premium, but it also means better financial protection when you need it most.
Choosing the right car insurance means balancing cost and coverage. Whether you need basic protection or full coverage, Oona Insurance makes it easy to customize your plan to fit your budget and needs.
Want to learn more? Check out our guide on understanding car insurance coverage in the Philippines and get a quote today!
Here are practical tips to make sure you're getting the best bang for your buck on your car insurance:
Compare multiple quotes: Not all insurance policies are priced the same! Use online comparison tools or head straight to Oona’s car insurance quote tool to get a transparent estimate—no hidden fees, just honest pricing tailored to your needs.
Use discounts wisely: Many insurers offer discounts for bundling policies, insuring multiple vehicles, or maintaining a low-mileage driving habit. Don’t hesitate to ask about available discounts—you could be saving more than you think!
Maintain a clean record: The fewer accidents, traffic violations, or past claims you have, the lower your insurance premium. Safe driving doesn’t just protect you on the road—it also helps you unlock better insurance rates.
Review your coverage regularly: As your car gets older or your lifestyle changes, you may not need as much coverage as before. Regularly reviewing your policy ensures you’re not overpaying for unnecessary coverage while still staying protected.
At Oona Insurance, we make finding the best car insurance deal simple and hassle-free. Visit our Car Insurance Page, enter a few details, and get a free personalized quote—all in just a few minutes!
Many first-time car owners don’t realize how much they can save on car insurance just by comparing quotes online. Take Aira from Quezon City, for example. When she bought her first car—a Toyota Wigo—she had no idea it was one of the cheapest cars to insure in the Philippines.
Curious about her options, she tried Oona’s online quote tool and was surprised at how quick and easy the process was. Within minutes, she received a comprehensive car insurance quote, without the hassle of long waits or confusing paperwork.
Aira’s experience proves that getting insured doesn’t have to be complicated. Whether you’re a student, young professional, or budget-savvy family driver, finding affordable and reliable car insurance is easier than ever—with the right provider.
Want to see how much you can save? Get your free quote with Oona today!
Yes, how you drive matters—and it can even help lower your car insurance premiums over time! At Oona Insurance, we encourage safe, responsible driving by offering rewards and discounts to careful drivers. Plus, regular car maintenance can also play a role in keeping your insurance costs down. Discover essential tips in our post on maintaining your car for a smooth ride.
Good driving habits include:
Avoiding sudden braking or overspeeding - Smooth, defensive driving reduces accident risks and claim filings.
Stick to designated areas or routes -Driving in safer, low-risk areas can lower insurance costs.
Limit late-night or high-risk driving - Accidents and theft risks increase at night, affecting insurance rates.
Be upfront about commercial use – Using your car for ride-hailing or deliveries without declaring it can impact your coverage.Not using your car for commercial or ride-hailing purposes (unless declared)
Our system flags consistent low-risk driving, which could earn you better renewal rates and exclusive offers.
Need instant car insurance? Whether you’re registering a new car or forgot to renew, Oona’s same-day car insurance has you covered—fast, easy, and hassle-free!
Here’s how it works:
Visit Oona Car Insurance
Fill out a quick form with your car details
Get a quote and pay online
Receive your e-policy in your email — often within the same day!
No long waits. No endless paperwork. Just instant, reliable car insurance when you need it most.
A low insurance premium is great—until an accident, theft, or natural disaster leaves you underinsured. That’s why at Oona Insurance, we help you build a balanced policy that gives you the right protection without unnecessary costs. Want to understand how comprehensive insurance protects you? Read our guide on the Top 10 Benefits of Comprehensive Car Insurance.
Ask yourself:
Do I have emergency funds for major car repairs?
What are the flood risks in my area?
Is my car model a common target for theft?
Will I need towing or roadside assistance?
A basic comprehensive car insurance policy is a great starting point—but customizing it based on your lifestyle, location, and car type ensures you get affordable yet reliable coverage.
Owning a car doesn’t have to mean sky-high insurance costs. Choosing one of the top 5 cheapest cars to insure in the Philippines is already a smart financial move—but the smartest choice? Getting insured with Oona.
We make car insurance simple, fast, and affordable—100% online. Whether you’re a first-time car owner or switching providers, we’ll help you find a tailored plan that protects what matters most—at a price that works for you.
Ready to drive with confidence? Get a free auto insurance quote from Oona Insurance and see how much you can save.
