Tesla Philippines Sweetens Model Y Purchase with Free 1-Year Comprehensive Insurance
Tesla Philippines Sweetens Model Y Purchase with Free 1 Year Comprehensive Insurance
Manila, Philippines – October 24, 2025 – Tesla Philippines is rolling out an attractive incentive for buyers eyeing its popular electric SUV, offering a complimentary one-year comprehensive insurance package with every new Model Y purchase. The promotion, aimed at easing the entry into EV ownership amid rising demand, covers essential protections like accidents, theft, and third-party liability, providing new owners with added peace of mind during the vehicle's initial year on the road.
Announced via Tesla's official channels, the insurance perk is bundled at no extra cost and applies exclusively to orders of the new Model Y placed through Tesla's Philippine website or showrooms. While specific exclusions—such as wear-and-tear items or intentional damage—align with standard comprehensive policies, the offer underscores Tesla's strategy to make its vehicles more accessible in a market where insurance can add significant upfront expenses. The deal is available for a limited time, with deliveries expected to begin soon for qualifying orders.
This move comes as Tesla solidifies its foothold in the Philippines, where it launched operations late last year with a focus on the Model 3 sedan and Model Y crossover. Currently, the lineup centers on these two models, with the following variants and starting prices in Philippine pesos (PHP):
| Model | Variant | Starting Price (PHP) |
|---|---|---|
| Model 3 | Rear-Wheel Drive | 2,109,000 |
| Model 3 | Long Range All-Wheel Drive | 2,489,000 |
| Model 3 | Performance | 3,099,000 |
| Model Y | Rear-Wheel Drive | 2,369,000 |
| Model Y | Long Range All-Wheel Drive | 2,689,000 |
The Tesla Model S remains available on a price-on-request basis for high-end buyers seeking luxury performance, though it sees less emphasis in the local market rollout. All models qualify for flexible financing options, including down payments as low as ₱473,800 and monthly installments starting around ₱40,641 over 60 months, depending on the variant and credit terms.
Tesla's Philippine expansion has been marked by rapid adoption, with the Model Y emerging as a bestseller thanks to its versatile five-seat configuration, up to 510 km of range on a single charge (for Long Range variants), and advanced features like Autopilot semi-autonomous driving. The insurance offer builds on earlier promotions, such as free LTO registration and CTPL coverage for three years, further lowering barriers for first-time EV adopters in a country grappling with traffic congestion and fuel costs.
Interested buyers can configure and order via tesla.com/en_ph, with Tesla's network of Superchargers expanding to support nationwide travel. As the EV landscape evolves, this latest perk positions the Model Y as an even more compelling choice for Filipino families and commuters transitioning to sustainable mobility.
For more info about the Tesla Model Y, visit their Philippine website:
https://www.tesla.com/en_ph/modely
