Pickup Truck Insurance in Hanoi: What You Need to Know
The other day, while at my usual coffee shop on Nguyen Phong Sac Street, I ran into an old friend. He runs a construction materials business and recently bought a Ford Ranger pickup truck for deliveries. He told me he had a minor accident on Pham Hung Street, a collision with a motorbike. Luckily, no one was seriously injured.
His story reminded me of the importance of pickup truck insurance. Many people assume that because pickup trucks are large and sturdy, comprehensive insurance isn’t necessary. However, the reality is that road risks are always present, and no one can predict what might happen.
What is Pickup Truck Insurance and Why is it Necessary?
Pickup truck insurance, specifically third-party liability insurance, is mandatory for all motor vehicle owners in Vietnam. This insurance protects you from financial liability for injuries or property damage caused to others while driving.
Purchasing insurance is not only a legal responsibility but also a way to protect yourself and others on the road.
Types of Pickup Truck Insurance
There are two common types of pickup truck insurance:
- Compulsory Third-Party Liability (CTPL) Insurance: This is mandatory by law. In case of an accident, this insurance covers bodily injury and property damage to the third party.
- Comprehensive Car Insurance: This type of insurance covers damages to your vehicle in case of an accident, fire, theft, etc.
Pickup Truck Insurance Price List
The price of pickup truck insurance depends on several factors such as the make and model of the vehicle, year of manufacture, vehicle value, and location of registration. Below is a reference price list from some reputable insurance companies:
| Insurance Company | Liability Coverage | Estimated Price (VND) |
|---|---|---|
| PVI Insurance | 150 million/person/accident | 700,000 |
| Bao Viet Insurance | 100 million/person/accident | 650,000 |
| PTI Insurance | 200 million/person/accident | 800,000 |
Note: The above prices are for reference only. For accurate insurance premiums, please contact insurance agents directly or visit the company’s website.
Important Considerations When Buying Pickup Truck Insurance
To choose the right insurance package, consider the following:
- Choose a Reputable Insurance Company: Prioritize large and reputable insurance companies like PVI Insurance, Bao Viet Insurance, and PTI Insurance.
- Understand the Terms and Conditions: Before signing the contract, carefully read all terms and conditions, especially the covered and excluded events and the liability limit.
- Keep Your Insurance Policy Safe: After purchasing insurance, keep your policy document safe for future use.
Frequently Asked Questions about Pickup Truck Insurance
Q: Do I need to buy insurance immediately after buying a new pickup truck?
A: Yes, according to regulations, you must purchase CTPL insurance as soon as you buy a vehicle.
Q: Where can I buy pickup truck insurance?
A: You can buy insurance directly at the representative offices of insurance companies or online through their websites. You can also purchase insurance at car dealerships.
Q: What is the fine for not having pickup truck insurance?
A: The fine for not having CTPL insurance for a pickup truck ranges from 400,000 to 600,000 VND.
Buy Reliable and Quality Trucks at XE TẢI HÀ NỘI
Besides learning about insurance, if you are looking to buy a truck or pickup truck, visit XE TẢI HÀ NỘI. We are proud to be a provider of genuine, high-quality trucks and pickup trucks at the most competitive prices in the market.
XE TẢI HÀ NỘI has a wide network of showrooms across Hanoi districts such as Cau Giay, Long Bien, Hoai Duc, etc.
We also offer financial support and insurance services to help you complete the procedures quickly and conveniently.
Explore other quality truck models at XE TẢI HÀ NỘI:
- 1.2 Ton Trucks: https://xetaihanoi.edu.vn/xe-tai-1-tan-2/
- Hino 1.5 Ton Trucks: https://xetaihanoi.edu.vn/xe-tai-hino-1-5-tan/
- Isuzu Truck Price List: https://xetaihanoi.edu.vn/bang-cau-chi-xe-tai-isuzu/
- Used Thaco Foton Trucks: https://xetaihanoi.edu.vn/xe-tai-thaco-foton-cu/
Conclusion
Pickup truck insurance is a mandatory and crucial requirement for every vehicle owner. Hopefully, the information in this article has helped you understand this type of insurance better and choose the most suitable package.
Let’s be civilized and responsible road users and always ensure safety for ourselves and the community.
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Đào Hoàng LONG
Blog Editor
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