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Auto Insurance | BDO Unibank, Inc.

Rest assured, your car is shielded from loses due to theft, collision, fire, and acts of nature. You can also rest in the knowledge that, should anything happen to you or another party in a vehicular accident, you are covered through BDOI.

Protect your car from unexpected losses!

Drive with ease and peace of mind as BDO Insurance offers you protection for your car at affordable cost!

Avail of our Motor Car Insurance package and enjoy these benefits:

✔ Free Acts of Nature (AON) coverage (such as earthquake, typhoon and flood*)
✔ Loss and damage to owner's car** are covered as well as bodily injuries and property damage to third parties

* subject to approval of the insurance company
** vehicle must not be more than 10 years old

Sample Premium Computation

FMV Excess TPBI TPPD Premium
PC AUV/SUV
500,000.00 300,000.00 300,000.00 14,939.06 10,699.26
600,000.00 300,000.00 300,000.00 17,433.06 12,345.30
700,000.00 300,000.00 300,000.00 19,927.06 13,991.34
800,000.00 300,000.00 300,000.00 22,421.06 15,637.38
900,000.00 300,000.00 300,000.00 24,915.06 17,283.42
1,000,000.00 300,000.00 300,000.00 27,409.06 18,929.46
1,100,000.00 300,000.00 300,000.00 29,903.06 20,575.50
1,200,000.00 300,000.00 300,000.00 32,397.06 22,221.54
1,300,000.00 300,000.00 300,000.00 34,891.06 23,867.58
1,400,000.00 300,000.00 300,000.00 37,385.06 25,513.62
1,500,000.00 300,000.00 300,000.00 39,879.06 27,159.66
2,000,000.00 300,000.00 300,000.00 52,349.06

35,389.86

Notes:

  • FMV – Fair Market Value or Unit Value
  • TPBI – Excess Third Party Bodily Injury
  • TPPD – Third Party Property Damage
  • PC – Private Car/Sedan (e.g., Toyota Vios, Mits. Lancer, Ford Focus, Honda Civic)
  • AUV/SUV – Asian Utility Vehicle/Sports Utility Vehicle (e.g., Isuzu Crosswind, Mits. Adventure, Ford Expedition)
Age of Vehicle Rate of Deprecation (Share of the Insured)
For Private Car For Commercial Vehicle
Up to 3 yrs Nil Nil
Over 3 yrs up to 4 yrs 20% 25%
Over 4 yrs up to 5 yrs 25% 30%
Over 5 yrs up to 6 yrs 30% 35%
Over 6 yrs up to 7 yrs 35% 40%
Over 7 yrs 40% 45%
Batteries, Tires, Ball Joints, Tie Rods and Shock Absorbers (for vehicles over three (3) yrs old) 45% 50%

This product is being provided by BDO Insurance Brokers, Inc. (BDOI), a subsidiary of BDO Unibank, Inc. BDOI is a regulated entity supervised by the Insurance Commission, and provides insurance brokerage service to clients who wish to secure insurance products issued by a separate accredited insurance provider.

This product is not insured by the Philippine Deposit Insurance Corporation and is not guaranteed by BDO Unibank, Inc.


Category: Auto Insurance

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