Risk is a daily reality especially among agricultural producers in developing countries, thus
agricultural insurance is of interest to farmers, policymakers, insurance companies, and
development finance institutions. From a survey data of 2,512 farmers, this paper sheds light on
the possible factors affecting insurance availment among the farmers in five selected regions in
the Philippines. The farmers' reasons for availing of crop include: encouraged by neighbors, friends,
relatives and because of the agricultural technicians in the local government unit. Farmers also shared that insurance
is a requirement for getting a loan. Among the possible factors for insurance uptake, level of
education, farming experience, and membership in farmer organization are significant factors in
the availment of crop insurance from the Philippine Crop Insurance Corporation. Increasing coverage rate of crop insurance among
farmers remains to be a challenge in a highly subsidized crop insurance program of the Philippines.