Compulsory Car Insurance in Hanoi: A Comprehensive Guide for Truck Drivers

“Every beginning is difficult” – this saying is especially true for new truck drivers. Besides worrying about registration and inspection procedures, “compulsory car insurance” is a headache for many. From complicated procedures to the fear of buying fake insurance, it’s a daunting task.

Understanding this concern, XE TẢI HÀ NỘI provides this detailed guide to help you understand everything about compulsory car insurance, enabling you to make the most informed decision.

What is Compulsory Car Insurance and Why is it Necessary?

Compulsory Third Party Liability (TPL) insurance is a type of insurance that vehicle owners must purchase according to Vietnamese law. If an accident occurs that causes damage to a third party’s person or property, the insurance company will compensate the victim according to regulations.

Many drivers, especially long-haul truck drivers, often underestimate the importance of TPL insurance. However, this is a misconception! Collisions are unavoidable on the road. TPL insurance acts as a solid financial shield in such situations.

Mr. Nguyen Van A, an expert from the Vietnam Automobile Transportation Association, shared: “TPL insurance is not only an obligation but also a right of every vehicle owner. It helps us reduce the financial burden in case of unfortunate risks.”

Vehicles Required to Have Compulsory Insurance

According to current regulations, all vehicles circulating in Vietnam, including:

• Passenger cars with 9 seats or less
• Trucks
• Specialized vehicles
• Other vehicles

must have compulsory TPL insurance.

The Process of Purchasing Compulsory Car Insurance

1. Choosing a Reputable Insurance Company

Currently, many insurance companies offer TPL insurance for vehicles, such as PVI Insurance, Bao Viet Insurance, PTI Insurance,… To choose the right insurer, consider these criteria:

• Reputation and financial capacity of the insurance company
• Insurance premiums
• Customer service quality
• Insurance coverage

Reputable insurance company

2. Preparing Necessary Documents

To purchase TPL insurance, you need to prepare the following documents:

• Vehicle registration certificate
• Identity card/Citizen identity card of the vehicle owner

3. Paying the Insurance Premium and Receiving the Certificate

After completing the registration process, you will pay the insurance premium according to the rate set by the insurance company. Immediately after payment, you will receive the TPL Insurance Certificate.

Important Notes When Purchasing Compulsory Car Insurance

• Purchase TPL insurance before taking your vehicle for inspection.
• Carefully check the information on the Insurance Certificate before receiving it.
• Keep the Insurance Certificate carefully and carry it with you when driving.

Frequently Asked Questions

1. Where can I buy compulsory car insurance?

You can purchase TPL insurance directly at the transaction offices of insurance companies or through insurance agents nationwide.

For example, if you live and work in Cau Giay District, Hanoi, you can visit the PVI insurance agent on Xuan Thuy Street for advice and support.

2. How much is the compulsory car insurance premium?

The TPL insurance premium is regulated by the Ministry of Finance and depends on the vehicle type, purpose of use, number of seats,… You can refer to the insurance premiums of different insurance companies to choose the most suitable insurance package.

3. How long is the TPL insurance valid for?

The validity period of TPL insurance is usually 1 year. After expiration, you need to renew the insurance to continue to be protected.

Conclusion

“Better safe than sorry.” Hopefully, the helpful information shared by XE TẢI HÀ NỘI will give you peace of mind when participating in traffic. Don’t forget to visit xetaihanoi.edu.vn regularly for more useful information about trucks!

Purchasing compulsory car insurance