BPI MS Car Insurance: What the Policy Covers and Costs

BPI car insurance usually means a policy from BPI MS, whose comprehensive wording includes own damage and liability sections, with an own damage deductible of 0.50% of the scheduled value, minimum ₱2,000. Acts of Nature (flood and typhoon cover) costs extra, and BPI MS doesn't publish a fixed price list for the policy.

AutoInsurance.ph is an independent guide run by Dominet BV. We're not an insurer, agent or broker, and we don't sell policies or give personal prices. BPI MS doesn't pay us for this page. We can't sell you a policy, give you a price or handle a claim. BPI MS decides on your policy and your claim.

Who BPI MS is

BPI/MS Insurance Corporation is a non-life insurer, a joint venture of the Bank of the Philippine Islands and Mitsui Sumitomo Insurance. Its business is insurance other than life insurance. BPI the bank isn't the insurer.

The company's 2023 financial statements list BPI's ownership at 51.4% and MSIG Asia Pte. Ltd. in Singapore at 48.5%. If you received an offer with a car loan or sa casa, check the insurer named on the policy.

The Insurance Commission sets standard motor policy sections and requires insurers and agents to explain which covers are mandatory and which aren't. Ask about each cover separately.

What the comprehensive policy covers

BPI MS follows the standard structure: Section I Liability to the Public, Section II No Fault Indemnity, Section III Loss or Damage, and Section IV Excess Liability. Our comprehensive and CTPL comparison explains the distinction.

Section III is the own damage section. BPI MS can settle through cash, repair, reinstatement or replacement. Payment is capped at the value of the parts plus reasonable fitting costs or the car's value at the time of loss, whichever is less. Your estimate of value in the schedule is the maximum payable for loss or damage.

Section IV covers excess bodily injury above CTPL or compulsory limits, plus third party property damage caused by use of the car. Liability must first be set by a final court judgment or written agreement between you, the claimant and BPI MS. Your own property and your household's property aren't covered under that provision.

The smaller clauses matter. Airbag replacement and reinstallation are covered after a sudden accidental impact payable under Section III. Faulty design, manufacture or installation, and deployment during repairs, are excluded. Ambulance expenses are limited to actual cost or ₱5,000 per occurrence, whichever is less.

Only built-in or standard accessories are covered unless add-ons are declared and valued in the policy. Hubcap theft is excluded. The drunken driver clause excludes cover except under Sections I and II when the authorized driver is drunk or under the influence of liquor.

The Unnamed Personal Accident endorsement costs an additional premium. It covers driver or passenger death, disablement or medical expenses while riding in, boarding or alighting, per seat up to authorized capacity. Benefit amounts are in your policy.

The deductible, also called the participation fee

The BPI car insurance participation fee is the first part of each Section III loss that BPI MS doesn't pay. The wording sets it at 0.50% of your estimate of fair market value in the schedule, with a ₱2,000 minimum.

Illustrations only, not quotes: at a scheduled value of ₱1,000,000, 0.50% gives a ₱5,000 deductible per loss. At ₱300,000, the calculation gives ₱1,500, so the ₱2,000 minimum applies. At ₱1,500,000, the deductible is ₱7,500.

That's separate from your premium. It's also separate from any depreciation share on replacement parts. A deductible calculation alone doesn't tell you your total contribution to a repair.

Section III excludes consequential loss, wear and tear, depreciation, and mechanical or electrical breakdown. Tire damage is excluded unless the car is damaged at the same time. Malicious damage by you, your family or your employee is also excluded.

For premium components, use our car insurance cost guide. BPI MS doesn't publish a fixed price list for comprehensive cover. Your insured value and the covers you pick set the premium.

Flood and typhoon: Acts of Nature costs extra

General Exception 3 excludes loss connected with flood, typhoon, hurricane, volcanic eruption, earthquake or other convulsion of nature, except under Sections I and II. The word comprehensive on the cover page doesn't mean your car is covered for flood.

BPI MS's FTHVEE or Convulsion of Nature endorsement removes those listed natural perils from the exclusion in consideration of an additional premium. FTHVEE uses their first letters. Check for the endorsement.

For a possible Marikina flood loss, the question is whether your issued policy includes that change. Our Acts of Nature guide explains how the exclusion and endorsement fit together.

The Insurance Commission tariff, with rates as of 1 January 2015, lists private car own damage and theft at 1.25% to 3.75% of the sum insured, and AON at a minimum 0.50%. These are tariff rates, not BPI MS prices. Don't treat them as a provider quote.

Roadside assistance in the policy wording

Express Roadside Assistance operates through a service provider, 24 hours during the policy term. Its service limits don't replace the repair terms of your motor policy.

Minor on-site work includes a tire change, battery boost or fuel delivery. You still pay for the tire, battery, oil or fuel. Unlimited uses after an accident still cap at the peso amount shown.

The wording also provides arrangements for rental transport after an accident, locksmith referral and ambulance arrangement on a reasonable efforts basis. It includes LTO registration assistance and help with claims procedures. Arranging a service is not the same as paying an open-ended bill.

How claims get settled

New replacement parts can leave you with a depreciation share under Section III. Check the age band before assuming the deductible is your only expense.

This depreciation schedule doesn't apply to total loss. For vehicles more than 60 months old, the non-casa clause settles repair claims at reasonable non-casa motor shop rates. If you want repairs at a dealership, ask how that clause affects the settlement.

You may authorize repairs yourself when the estimate is within the Authorized Repair Limit in your schedule and you send BPI MS a detailed estimate without delay. Find that limit first. Further damage from continuing to drive before repairs is excluded.

Give accident notice as soon as possible, with full details. For carnapping, notify the police immediately. Don't admit fault, offer or pay anything to the other party without BPI MS's written consent. Our guide to using car insurance explains the claim process.

Buying, renewing and paying

Express Protect is BPI MS's web store for purchases and renewals. Choose the product or renewal product, provide personal details and documents, then pay and download the e-policy.

BPI MS also sells CTPL through the GCash x BPI MS page. That cover concerns third party death, disablement, bodily injury and burial or funeral expenses. See our CTPL guide for limits rather than treating it as own damage insurance.

As listed on 14 November 2026, FlexipayZero offers up to 12 months at 0% using a qualified, active BPI credit card on Express Protect. Select Credit Card Installment. The minimum single receipt is ₱3,000, subject to BPI approval, and select-item restrictions may apply.

Early termination costs ₱550 plus 2% of principal before the first billing, or ₱550 after the first billing. This is a card installment, not a lower premium. For planning hulugan payments around kinsenas, read our installment guide.

Cancellation has separate policy terms. If no claim has arisen, your refund uses short period rates: BPI MS keeps 20% after one month, rising to 70% after six months and 95% after eleven months. Check those terms alongside any card termination fee.

For registration planning, our renewal and LTO guide discusses the renewal process.

What to ask before you sign

Read the schedule alongside the wording. Ask these questions while you can still clarify the quote:

• Is AON included, and where is the endorsement?
• What are the Authorized Repair Limit and towing limit in the schedule?
• Are your add-on accessories declared and valued?
• Does your car's age bring repairs under the non-casa clause?
• What deductible and parts depreciation would apply?
• If your car is financed, which insurers does your bank accept, and must the bank be named in the policy?

Frequently asked questions

Magkano ang BPI car insurance?

BPI MS doesn't publish a fixed price list for comprehensive cover. The price depends on the car's insured value and chosen covers, so request a quote showing those details.

Is there a BPI car insurance calculator?

The deductible can be calculated from the scheduled value using 0.50%, minimum ₱2,000. That calculation isn't a premium quote. The premium itself comes from BPI MS, based on your car's value and the covers you pick.

Does comprehensive BPI MS insurance include flood?

The basic exclusion includes flood and typhoon. The Acts of Nature endorsement removes the listed natural perils for an additional premium, so check your issued documents.

Can an older car be repaired at the casa?

For cars more than 60 months old, the wording settles repairs at reasonable non-casa motor shop rates. Ask how your proposed repair location affects the amount BPI MS will assess.

Does this BPI car insurance review rate the insurer?

No rating is given here. This explainer describes published terms, including deductibles and repair limits, and doesn't assess claim service or recommend the policy.