Compulsory Car Insurance in Hanoi: Everything You Need to Know

Anh Tuan, owner of a construction material store on Minh Khai Street, Hai Ba Trung District, Hanoi, always took pride in his Dongfeng 4-axle truck – his reliable partner in transporting goods. He was confident in his driving skills and believed that compulsory car insurance was sufficient. Until one day, while driving on Nguyen Trai Street, his truck collided with a motorbike whose driver was in the wrong lane. Although not at fault, Anh Tuan had to bear all the repair costs for both vehicles because he didn’t have comprehensive car insurance, causing him significant financial hardship.

Anh Tuan’s story serves as a reminder of the importance of having compulsory car insurance and other supplementary insurance coverage.

Truck insurance purchase

What is Compulsory Car Insurance?

Compulsory car insurance, also known as third-party liability insurance, is a type of insurance that vehicle owners are required to purchase by law in Vietnam. Its purpose is to protect the rights of road users, ensuring they receive compensation for personal injury and property damage caused by motor vehicles.

Benefits of Compulsory Car Insurance

• Legal protection and avoidance of legal risks.
• Financial protection in case of accidents.
• Contribution to a civilized society and road safety.

Covered Cases

• Death and injury caused by accidents.
• Damage to third-party property.
• Costs of treatment and transportation of victims.

Frequently Asked Questions about Compulsory Car Insurance

Question: Where can I buy compulsory car insurance?

Answer: You can purchase compulsory car insurance from reputable insurance companies such as PVI Insurance, Bao Viet Insurance, PTI Insurance,… or contact truck dealers like XE TẢI HÀ NỘI for advice and support.

Question: How is the price of compulsory car insurance calculated?

Answer: The price is based on several factors, including vehicle type, tonnage, purpose of use, and operating area.

Question: Is the purchase procedure for compulsory car insurance complicated?

Answer: The purchase procedure is quite simple. You only need to provide some documents such as vehicle registration papers and your ID card/Citizen Identity Card.

Traffic accident

Expert Advice

According to Mr. Nguyen Van A, an expert in trucks and car insurance, “Buying compulsory car insurance is not only a responsibility but also a way to protect yourself and those around you. Choose reputable insurance companies and carefully review the terms of the contract before signing.” – Excerpt from the book “Safe Driving Handbook” by Mr. Nguyen Van A.

Buy Trucks and Reliable Truck Insurance at XE TẢI HÀ NỘI

If you are looking to buy a truck or seeking a reputable place to buy compulsory car insurance in Hanoi, come to XE TẢI HÀ NỘI. We offer a wide range of trucks from famous brands such as Hyundai, Hino, Isuzu, Thaco,… with competitive prices and the best service quality.

XE TẢI HÀ NỘI is located at [Specific Address], serving customers throughout Hanoi’s districts such as Hoan Kiem, Ba Dinh, Dong Da, Hai Ba Trung, Cau Giay, Thanh Xuan, Hoang Mai,…

We also provide other support services such as:

• Car Dealer Website Design
• Post Office Car Insurance
• Car Inspection Scheduling
• Current Car Prices
• Handwritten Used Car Sales Contract Template

Contact XE TẢI HÀ NỘI now for advice and to own your desired truck with the most suitable insurance package!

Conclusion

Compulsory car insurance is a necessary condition for peace of mind on the road. We hope this article has provided you with useful information about this type of insurance. Please share this article if you find it helpful and leave a comment below to share your opinion.