Expired Car Insurance: Serious Consequences & Solutions

Anh Tuan, owner of a Hyundai Mighty N250 refrigerated truck transporting goods from Long Bien Market, experienced a frustrating situation due to expired car insurance. While driving on Nguyen Trai Street, a motorbike suddenly cut him off. Despite braking hard, a collision occurred. Fortunately, no one was seriously injured, but the front of his truck was damaged.

When he called his insurance company, Anh Tuan was shocked to discover his policy had expired the week before. Consequently, he had to cover all the repair costs himself, plus a fine for driving without insurance.

Anh Tuan’s story serves as a valuable lesson for drivers about the importance of car insurance. So, what are the consequences of expired car insurance, and how can you avoid them? Let’s explore this issue with Xe Tai Ha Noi!

The Dire Consequences of Expired Car Insurance

Financial Risks: The Unexpected Burden

Driving always carries inherent risks. Letting your car insurance expire removes a crucial financial safety net. In the event of an accident, you’ll be responsible for all vehicle repair costs and compensation to the injured party (if any), which can amount to tens or even hundreds of millions of Vietnamese Dong.

A car accident scene with a damaged car and debris on the road.

Legal Violations: Unnecessary Fines and Lost Time

According to current traffic laws, all motor vehicles must have liability insurance. Driving with expired insurance is a violation, punishable by fines ranging from 400,000 to 6,000,000 VND. Your vehicle could even be impounded.