Mazda car insurance in the Philippines: A comprehensive guide

Mazda vehicles are known for their style, performance, and reliability. And owning one is surely a testament to your extraordinary taste in automobiles. Now, buying a car is an investment and it is crucial to protect this investment of yours which can be done by opting for the right car insurance policy.

We have created a comprehensive guide covering everything you need to know about insuring a Mazda car in the Philippines. In addition to factors influencing premiums, we have tips for choosing the best policy.

Why is it important to insure your Mazda?

It is a well-known fact that car insurance is a legal requirement in the Philippines, but in addition, it provides a financial safety net that protects you from unexpected costs due to accidents, theft, or natural disasters. As for Mazda car owners, apart from compulsory third-party insurance (CTPL), comprehensive insurance is highly recommended given the brand's premium nature.

Also Read: Why comprehensive insurance is vital for car owners in the Philippines

Car insurance Mazda car owners should consider

In the Philippines, car insurance providers offer several coverage options to the applicants, including -

Compulsory Third-Party Liability (CTPL): This is the minimum requirement by law, covering injuries or deaths of third parties.

Comprehensive Insurance: This offers broader coverage, including damage to your vehicle, theft, and more.

Acts of Nature Coverage: Optional but advisable, especially with frequent typhoons and floods in the Philippines.

Theft coverage: It offers protection against loss due to theft.

Personal accident coverage: Provides compensation for the driver and passengers in case of injury or death due to an accident.

Mazda models insurance cost

The cost to insure a Mazda vehicle in the Philippines varies significantly depending on the model. Based on the recent data, here is an estimated cost -

Mazda 2

The Mazda 2 is a subcompact car that is ideal for city driving. Its affordable price and compact size make it a popular choice for first-time car owners and those looking for an economical vehicle.

Estimated annual insurance cost: PHP 31,000

Highlights

• Mazda 2’s low premium is attributed to smaller engine size and lower replacement costs.
• The car is ideal for young buyers or those with a restricted budget.

Mazda 3

The Mazda 3 is a compact car available as a sedan or hatchback. It’s known for its sharp design, high-quality interior, and engaging driving dynamics.

Estimated annual insurance cost: PHP 43,000

Highlights

• Mazda 3’s moderate premiums are due to its mid-range pricing and advanced safety features.
• The car is ideal for those who want a blend of performance and comfort in an affordable package.

Mazda 6

The Mazda 6 is a midsize sedan that combines luxury and performance. It’s praised for its upscale interior, smooth ride, and responsive handling.

Estimated annual insurance cost: PHP 55,000

Highlights

• Mazda 6’s high premium is due to its larger size and luxury features.
• The car is best for professionals and families seeking a sophisticated driving experience with added space and comfort.

Mazda CX-3

The Mazda CX-3 is a subcompact crossover that combines the agility of a smaller vehicle with the practicality of an SUV. It’s ideal for urban dwellers who occasionally venture out of the city.

Estimated annual insurance cost: PHP 46,000

Highlights

• Mazda CX-3’s high premium is due to its crossover design and added safety features.
• The car is perfect for small families and individuals with versatile vehicle needs.

Mazda CX-30

The Mazda CX-30 sits between the Mazda CX-3 and CX-5, offering a compact crossover option with more space and comfort. It’s designed for those who need more room without sacrificing manoeuvrability.

Estimated annual insurance cost: PHP 47,000

Highlights

• Mazda CX-30 has a moderate premium due to its mid-range size and features.
• The car is ideal for urban professionals who need a bit more space.

Mazda CX-5

The Mazda CX-5 is a popular compact SUV that offers a blend of luxury, performance, and practicality. It’s one of Mazda’s best-selling models, thanks to its strong engine options and upscale interior.

Estimated annual insurance cost: PHP 57,000

Highlights

• Mazda CX-5’s luxury features and large engine options are responsible for high premiums.
• It is suited for families and individuals looking for a premium SUV experience.

Mazda CX-8

The Mazda CX-8 is a larger SUV that offers three-row seating, making it an excellent choice for families. It combines Mazda’s signature style with the practicality needed for larger households.

Estimated annual insurance cost: PHP 59,000

Highlights

• Mazda CX-8 increased premium due to its higher replacement costs and larger size.
• Best for families needing extra space and comfort.

Mazda CX-9

The Mazda CX-9 is the flagship SUV, offering top-of-the-line features, powerful engine options, and a luxurious interior. It’s designed for those who want the best in comfort, performance, and safety.

Estimated annual insurance cost: PHP 61,000

Highlights

• Mazda CX-9 has the highest premiums among Mazda models, all thanks to its premium features and luxury status.
• The car is ideal for those who prioritise luxury and performance in their vehicle choice.

Mazda CX-90

The Mazda CX-90 is a large, three-row SUV that represents Mazda’s foray into the premium SUV segment. It offers robust performance, cutting-edge technology, and a spacious interior designed for families.

Estimated annual insurance cost: PHP 65,000

Highlights

• Mazda CX-90 high premium is reflective of its luxury status, large size, and advanced technology.
• Perfect for large families or individuals looking for a top-tier SUV with comprehensive features and capabilities.

Mazda MX-5

The Mazda MX-5, also known as the Miata, is a classic sports car that is known for its lightweight design and fun-to-drive character. It’s a favourite among car enthusiasts.

Estimated annual insurance cost: PHP 50,000

Highlights

• Mazda MX-5 moderate premium is due to its sports car status, but generally lower than other sports cars due to its lighter weight.
• This car is perfect for enthusiasts who enjoy spirited driving.

Mazda BT-50

The Mazda BT-50 is a robust pickup truck that offers both utility and comfort. It’s designed for those who need a reliable workhorse that can also handle daily driving with ease.

Estimated annual insurance cost: PHP 52,000

Highlights

• Mazda BT-50’s moderate to higher premiums reflecting its utility and off-road capabilities.
• This car is best suited for business owners or individuals who need a vehicle for both work and leisure.

Disclaimer: The above-mentioned figures are tentative and absolute figures may vary at the time of policy purchase.

Also Read: Do’s and don’ts of car insurance policy in the Philippines

Why does insurance cost vary across different Mazda models?

The insurance cost for Mazda vehicles varies largely due to the following factors:

• Vehicle value: Higher-end Mazda models or those with more advanced features generally attract higher premiums.
• Engine size: Mazda cars with larger, more powerful engines can lead to higher insurance costs.
• Safety features: Mazda cars that are equipped with advanced safety technologies may receive discounts on premiums.
• Usage: Mazda cars that are primarily used for business may have higher premiums than one used for personal travel.
• Claims history: Models with a higher likelihood of claims, such as sports cars, typically have higher premiums.

How to save money on Mazda car insurance?

If you’re looking to lower your Mazda insurance premiums, consider the following tips:

• Try maintaining a clean driving record: Safe driving can earn applicants discounts on premiums.
• Install your car with safety devices: Anti-theft systems and other safety features can reduce the cost of insurance.
• Go for bundling insurance policies: Some insurance providers in the Philippines offer discounts if applicants bundle car insurance with other types of insurance.
• Increase your deductible: Opting for a higher deductible can lower premium, but be prepared to pay more out-of-pocket in case of a claim.

Bottom line

Whether you own a compact Mazda 2 or a luxurious CX-9, understanding the factors that influence your insurance premiums can help you make an informed decision and ensure that your vehicle is adequately protected. However, it’s important to consider not just the cost but also the level of coverage that best suits your needs.

Also Read: Car insurance made easy: Tips for new drivers in the Philippines