All you need to know about insuring a Hyundai car in the Philippines

Owning a Hyundai vehicle in the Philippines combines style, reliability, and advanced technology. However, just like any vehicle, it's essential to protect your Hyundai with a comprehensive insurance policy. It doesn’t matter if you're driving through bustling city streets or rural roads, having the right car insurance ensures peace of mind and financial protection against accidents, theft, and natural disasters.

In this article, we have discussed everything one needs to know about Hyundai car insurance in the Philippines, including

• Insurance cost
• Tips for choosing the best coverage
• Curial reasons to insure and more

Let us get started with an in-depth discussion on Hyundai car insurance in the Philippines, but first have a look at some of the popular Hyundai models.

Popular Hyundai models

Hyundai offers a wide range of vehicles to suit different needs, from compact cars to large family SUVs. Here are some of the most popular Hyundai models in the Philippines:

• Hyundai Accent: A popular subcompact sedan known for its fuel efficiency and affordability.
• Hyundai Creta: A small crossover SUV with an eye-catching design, ideal for urban driving.
• Hyundai Tucson: A compact SUV that combines stylish looks with a powerful engine.
• Hyundai Kona: A compact crossover with a bold design that stands out for its excellent fuel economy and advanced features for its class.
• Hyundai Santa Fe: A mid-size SUV offering luxurious comfort and advanced safety features.

Why is it essential to insure Hyundai cars?

Insuring your Hyundai is crucial for several reasons

Legal Requirement: In the Philippines, it is mandatory to have at least Compulsory Third-Party Liability (CTPL) insurance to drive legally.
Financial Protection: Accidents, theft, and natural calamities can cause significant financial damage. Without insurance, you may need to pay out of pocket for repairs or even vehicle replacement.
Peace of Mind: Comprehensive insurance assures you that you are protected against unforeseen circumstances like road accidents, damage from natural disasters, and theft.

Hyundai car insurance coverage

When purchasing car insurance for your Hyundai, there are two main options available: Compulsory Third-Party Liability (CTPL) and Comprehensive Car Insurance.

Compulsory Third-Party Liability (CTPL)

In the Philippines, CTPL is mandatory by law for all vehicle owners. It covers third-party injuries or deaths caused by an accident involving your vehicle. This type of insurance does not cover damages to the insured car.

As for cost, CTPL is usually affordable, ranging from PHP 650 to PHP 1,200 annually, depending on your vehicle type.

Also Read: Compulsory Third Party Liability (CTPL) 101: Everything a car buyer needs know

Comprehensive Car Insurance

Compared to CTPL, comprehensive insurance covers a much broader range of scenarios, including damages to your vehicle, theft, natural disasters, and accidents. This insurance type offers more extensive protection than CTPL, making it the preferred choice for many Hyundai owners. Further, it also includes liability coverage for third-party damages and bodily injury.

The cost of comprehensive Hyundai car insurance depends on several factors, including the model of your vehicle, its age, and the type of coverage you choose.

Also Read: Compulsory Third-Party Liability Insurance (CTPL) vs. Comprehensive Insurance: What's best for you?

Add-ons

An applicant can opt for several additional coverage options like Acts of Nature which is highly recommended in a country like the Philippines, where floods and typhoons are common.

Other recommended choices are Roadside Assistance (it offers emergency support services like towing, flat tire change, and fuel delivery) and Personal Accident coverage (provides financial assistance for medical expenses in case of an accident).

Also Read: Roadside assistance coverage: Meaning, benefits, services & more

Hyundai cars overview Price, features, & insurance

Hyundai Accent

Price: PHP 790,000 to PHP 1,038,000

Estimated annual insurance cost: Starts at around PHP 12,000

The Hyundai Accent is a subcompact sedan known for its affordability and fuel efficiency. It's a popular choice for city dwellers who want a reliable car for everyday use. Its sleek design and modern features make it an appealing option for both new and seasoned drivers.

Key highlights: Fuel-efficient, compact, and easy to maneuver; basic safety features like airbags and ABS.

Recommended coverage: Comprehensive insurance with Acts of Nature coverage is ideal, especially for city drivers. Add-ons like Theft and Own Damage coverage are also recommended.

Hyundai Creta

Price: PHP 998,000 to PHP 1,332,000

Estimated annual insurance cost: Around PHP 14,265

A stylish small SUV with a spacious cabin and modern features. The Creta is designed for urban driving but can also handle long-distance road trips. Its features include Hyundai Smartsense, which adds advanced safety technologies like lane-keeping assist.

Key highlights: Spacious and stylish, equipped with Hyundai Smartsense which includes lane-keeping assist and forward collision-avoidance assist.

Recommended coverage: Comprehensive insurance with Third-Party Liability and Acts of Nature is essential, as well as Personal Accident insurance to cover medical expenses in case of an accident.

Hyundai Tucson

Price: PHP 1,368,000 to PHP 1,885,000

Estimated annual insurance cost: From PHP 15,607

The Hyundai Tucson is a compact SUV that balances power, comfort, and technology. It’s popular for families looking for a versatile vehicle with spacious interiors and impressive safety features.

Key highlights: Ample cargo space, a powerful engine, and excellent fuel efficiency.

Recommended coverage: Comprehensive insurance with Theft and Acts of Nature is recommended due to the value of the vehicle. Consider additional coverage for Property Damage and Bodily Injury​.

Hyundai Kona

Price: PHP 1,188,000

Estimated annual insurance cost: Starts at PHP 20,254

This compact crossover stands out with its bold design and excellent fuel efficiency. It's well-suited for both urban and off-road driving, with an impressive suspension system that offers a smooth ride.

Key highlights: Good mileage and excellent suspension

Recommended coverage: Comprehensive coverage, including Theft, Acts of Nature, and Personal Accident insurance, is advisable. Its higher value makes it important to also consider Third-Party Liability coverage​.

Hyundai Santa Fe

Price: PHP 2,420,000

Estimated annual insurance cost: Approximately PHP 35,072

A mid-size SUV with a luxurious feel, the Santa Fe comes with advanced safety features like blind-spot monitoring and rear-cross traffic alert. It’s perfect for large families or those looking for a premium driving experience.

Key highlights: Ample cabin space with seven seats, a panoramic sunroof, and advanced safety features like blind-spot monitoring and rear-cross traffic alert.

Recommended coverage: Given its high price tag, comprehensive insurance with Acts of Nature, Theft, and Own Damage coverage is highly recommended. Additionally, Third-Party Liability and Passenger Personal Accident insurance should be considered for enhanced protection.

Is Hyundai car insurance expensive?

Hyundai car insurance is generally affordable compared to other brands, especially considering the features and performance of its lineup. The cost of insurance majorly depends on the model, coverage options, and the car's value.

For instance, entry-level models like the Hyundai Accent and Creta have lower insurance premiums and larger SUVs like the Santa Fe come with higher premiums due to their higher market value and more complex features.

Also Read: Top car insurance picks in the Philippines; know which one is right for you

Tips to choose appropriate car insurance for your Hyundai

To pick the most appropriate insurance policy for your Hyundai, one needs to compare different policies and understand what each has to offer. Here are some simple tips to help -

Assess your coverage needs: Consider comprehensive insurance if you live in an area prone to natural disasters or if you drive regularly in busy traffic areas where accidents are more likely.

Compare quotes: Always compare insurance quotes from different providers to get the best coverage at the most affordable price.

Check for discounts: Many insurance companies offer discounts for safe driving records, bundling multiple insurance policies, or installing anti-theft devices in your vehicle.

Consider add-ons: Depending on your needs, consider add-ons like Acts of Nature coverage or Personal Accident insurance.

Read the fine print: Understand what your policy covers and any exclusions that may apply, such as deductibles or participation fees in case of a claim.

Bottom line

Hyundai car insurance is essential to safeguard your investment and ensure financial protection in case of accidents, theft, or natural disasters. With a range of affordable options available, you can find the right coverage for your needs. Always compare quotes and consider comprehensive insurance for complete peace of mind. Whether you're driving a Hyundai Accent or a Santa Fe, having the right insurance will keep you protected on Philippine roads.

Also Read: Renewing car insurance in the Philippines: A practical guide