Why you should buy comprehensive motorbike insurance in the Philippines

Motorbike insurance Philippines

The answer is safety. The comprehensive motorbike insurance cover’s own damage, theft protection, an act of nature, excess body injury and third party property damage. If you own a motorbike, it is important that you should get comprehensive insurance for your motorbike. It is a one-time payment and it covers you for one year. 

If you are renting out your motorbike or own a motorbike rental business it is very important that you get comprehensive motorbike insurance in the Philippines. Most of the renter like to have comprehensive insurance and they are willing to pay an extra price for that.  Example: you have a motorbike which you rent out for 500 Php a day. After you have obtained comprehensive motorbike insurance you can charge an extra 250 to 300 per day. This will bring more safety to your business and your customer will be happier.

Example: If you own a KTM motorbike and you rent out for 2000 PHP a day, you can charge extra 700 Php to 1000 for the comprehensive motorbike insurance a day.

comprehensive motorbike insurance Philippines

What does it mean by own damage coverage?

If you get an accident and your motorbike is broke, the own damage insurance will cover the cost of damage. An example: you had an accident and your motorbike headlight, signal light, and the front wheel are broken. The insurance company will pay the cost of new parts and maintenance.

What does it mean by theft protection?

If your motorbike in stolen, then the insurance company will pay. The payment is paid according to the value of the motorbike which customer has declared in the policy. Example if you bought a motorbike for 60000 Php. You will be paid the purchase price of the motorbike. Note* each motorcycle insurance company has their own policy of payments. Some insurance companies pay 5 percent less as their service fee.

What does it mean by an act of nature?

if your motorbike is damage during an act of nature the insurance company will cover the cost of damage. Example: There was heavy rain and you just lost your motorbike in flooding. The insurance company will cover the cost of your damage.

How much it cost to get comprehensive motorbike insurance in the Philippines?

It depends on the net price of your vehicle. You can decide how much you want to be covered by premium insurance. 

Example: Racal JR 125cc, a fully automatic scooter with a cash value of 46,000 PHP

Summary of Premium and Other Charges

Premium                                                                        1,591 .00 PHP   COC VF …….. PHP

Value added tax                                                             190.92    PHP

Documentary stamp tax                                               198.88    PHP

Local government tax                                                       7.96     PHP

Amount Due                                                               1,988.76  PHP

Coverage/s                                                                 Sum Insured

Own Damage/ Theft                                               46,000.00 PHP

Acts of Nature                                                           46,000.00 PHP

Personal accident                                                   100,000.00 PHP

Excess Bodily Injury                                              200,000.00 PHP

How to contact us

Would you like to get a quote for your motorbike or car? Fill the form and an agent will get back to you as soon as possible. You may also write an email at insurance@book2wheel.com or call us using Viber or Whatsapp +4550336186 +639173853917. You can also reach us through our live chat visit book2wheel.com

What is the process to obtain comprehensive motorbike insurance in the Philippines?

  1. Complete the information form
  2. the insurance agent will send you a quotation in your email  and request you to send a picture of your motorbike and OR/CR
  3. Make a payment in the insurance bank account or using Paypal account (arthskov@gmail.com) Make sure send the complete amount include PayPal service charges.
  4. Once your payment is received, the agent will send you confirmation together with an insurance policy. One copy of the insurance policy will be sent to you on your physical address


The insurance price is calculated base on the value of the motorbike. The amount that you have bought the motorbike. Let say you have bought the motorbike for 40,000 PHP the total price of motorbike insurance policy included taxes will be 2072 PHP. This is the summary of the coverage you will get in that amount. This insurance coverage is for one year. Every motorbike has different coverage amount base on your policy. This is just an example for the customer to understand.

Note: This is only for personal use motorbike. The insurance company does not cover damages if you rent your motorbike to the third party. After making the payment wait for the agent to issue the policy. In the Philippines the process is done manually, it might take you few days to receive your insurance policy. Your insurance policy is active from the date which is stated in your insurance policy. Read the guideline which is mention on the insurance policy. If you need any help call the phone number provided on your insurance policy.

Motorbike sharing service book2wheel

Motorbike insurance
Example Honda CBR 150 cc
Example 2016 model
Example +63987654567
Example: How much you bought the motorbike 60000. Only write the value in the box
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