As a car buyer, one of the primary concerns when purchasing a brand new car is the price or affordability of your preferred model, though there’s actually more to that. Parts accessibility, after-sales, and even the cost of car insurance should also be looked into. The price of insuring your car usually varies depending on the model of your choice.
Notably, there are a lot of vehicles in the Philippines that are cheap to insure, and the majority fall under the economy car market. In order to properly guide you, here are some of the cheapest vehicles to insure in the Philippines.
First on the list is the Suzuki Celerio, and it’s one of the small hatchbacks being offered by the Japanese automaker. All thanks to its 1.0-liter gasoline engine paired with either a manual gearbox or CVT, the Celerio is able to deliver impressive fuel-economy figures in and out of the city. Guarding it with an annual car insurance premium will only cost owners less than P15,000 for the lowest trim level.
Currently, the Chevrolet Spark is the only hatchback being offered by the Golden Bowtie in the Philippines. Along with its clean and ageless exterior, the Spark is also available with Apple CarPlay and Android Auto for seamless phone integration. Subscribing an annual car insurance premium for the Spark will only cost owners less than P17,000 for the base trim.
Mitsubishi Mirage G4
Suzuki Philippines recently gave the Dzire a minor refresh earlier this year, with the small sedan carrying minor updates inside and out. Insurance package rates for the Suzuki Dzire usually start at just about P14,000.
The Suzuki APV has been around in the market for quite some time now. Back in the day, it’s one of the few 7-seater MPVs being offered in the Philippines. If you’ve been planning to buy this one, the APV’s annual car insurance premium starts at about P12,000 for the lowest variant.
The Toyota Wigo is very famous among first-time car buyers. This is simply because it’s affordable, easy to maintain, and reliable given that it’s a Toyota. Insuring a Toyota Wigo will cost you about P14,000 per year for the entry-level E variant.
The Kia Stonic is known for having the ‘style that’s iconic’, a famous tagline that’s dubbed by the South Korean automaker. It’s definitely a suitable ride for younger buyers, given its youthful design, capable performance, and infotainment system that features Apple CarPlay and Android Auto. Owners can have their Kia Stonic insured at just under P17,000 for the entry-level LX trim.