Compulsory Third Party Liability (CTPL): Now available at AutoDeal.com.ph

Insurance policies are a requirement for driving. Purchasing a policy has long involved paperwork and footwork, but AutoDeal Insurance is changing that. For quite some time now, we’ve been pushing the envelope of how easy it is to buy your car and to give you what you need at the push of a button on your smartphone, tablet, or desktop. With this, AutoDeal is proud to introduce our new feature in online car insurance, and that’s our Compulsory Third Party Liability feature. 

In tandem with our longstanding comprehensive insurance feature, Compulsory Third Party Liability, otherwise known as CTPL, is a more basic and more affordable car insurance policy in comparison to the comprehensive policies that a lot of insurance companies are going for. CTPL is the bare minimum that you can get, and it covers third parties in the event of an accident. 

Compulsory Third Party Liability, or CTPL, is the most basic, most common, and the bare minimum policy that you need to get your car registered. This insurance policy covers property damage, disablement, and the medical expenses of a person that was injured in a road accident involving your vehicle. 

CTPL is relatively affordable and it covers the third party in the event of an accident. It is important to note that CTPL is considered basic insurance coverage, and it won’t cover you and your car in the unfortunate event of an accident. For that, you need a comprehensive insurance policy. However, the immediate benefit of a CTPL policy is that you will be able to get legal insurance coverage for not that much cost. Should you find yourself in need or in want of a better insurance policy, then a comprehensive policy is what you should be looking for next. All-in-all, a CTPL is still a requirement and something that you should definitely start with after purchasing your vehicle. 

The price of a CTPL policy will depend on what insurance provider you go with. The price varies from anywhere between P300 to about P1,250 or more depending on what company you go with, where you get it, and what kind of vehicle you are trying to insure. Typically, motorcycles will be the cheapest to insure, followed by passenger cars, light and medium trucks, and finally heavy trucks and busses.  

Based on our insurance provider, FPG Insurance, the price of a CTPL policy for a motorcycle/tricycle/trailer will run you about P300 per year. 

The price of a TPL policy for private cars including jeeps and utility vehicles will run you about P600 per year. 

For light/medium trucks for your own goods and not over 3,930 kgs, a CTPL policy will cost around P660 per year. 

Finally, heavy trucks with their own goods, and private buses over 3,930 kg, will run you about P1,250 per year. 

The policies available through FPG Insurance are also LTO accredited and will be recognized by the office when you renew your vehicle’s registration. 

The first step to getting your CTPL car insurance is to head on over to our CTPL page. After that, you will be greeted by our CTPL home page where you can calculate your CTPL yearly rate with just a few clicks. 

All you have to do is input the type of vehicle that you want to insure. Your initial quote will be laid out on the page and then it’s off to the next step. 

Next up, you will have to put in your personal details which include your name, birth date, gender, country of birth, place of birth, and citizenship/nationality. Then you need to put in your contact details which include your mobile phone number and your e-mail address. While optional, it’s highly recommended that you first sign up for an AutoDeal account so that if you do choose to conduct other transactions in the future, you can minimize the clicks and have a record kept in line with the rest of our services. 

As for the files and photos that we will be needing, you will need to upload a few and these include a valid government ID, a scan of your Official Receipt (OR), and a scan of your Certificate of Registration (CR). 

If you’ve purchased a second-hand car with the OR and CR has still not transferred over to your name, you need to upload your absolute deed of sale that’s signed and filled out. 

Finally, you need to take a photo of your vehicle’s front and rear, with the plate numbers visible. 

After you input all the necessary information you will click on the review page. Following that, is the payment page which can be done electronically or manually depending on what you prefer.

For our electronic payment options, we support services like G-Cash, PayPal, Mastercard and Visa from all major banks.  

You will receive an e-policy after your transaction has been processed. The e-policy will be in a PDF format, which means that you can print copies of it to put in your car or your filing cabinet, and you may also keep the policy on your phone for easy access anytime. 

The effectivity date of your CTPL will start on the first day of the month following the last digit of your plate number. If you’re past the month that your car is to be registered, your policy will take effect on the first day of the following month of your plate’s ending number. 

In other words, if you’re early to apply, your policy will start on the first day of the month that your vehicle is slated for registration. If you’re late, it will start on the first day of the following month.