Compulsory Car Insurance in Hanoi: What Truck Owners Need to Know

“Better safe than sorry” is a wise saying, especially for truck drivers who frequently travel long distances. Besides regular vehicle maintenance and safe driving skills, having compulsory car insurance is essential. So, what is the compulsory car insurance fee? How is this fee calculated? Let’s find out with Hanoi Trucks in this article.

What is Compulsory Car Insurance Fee?

Compulsory car insurance fee (compulsory TPL insurance) is the amount of money that vehicle owners must pay to an insurance company to be covered for civil liability while participating in traffic. According to the law, all car owners must purchase this insurance.

Why Buy Compulsory Car Insurance?

Many drivers, especially long-haul truck drivers, often hesitate to buy compulsory car insurance. However, according to Mr. Nguyen Van A, owner of a transportation company in Thanh Tri district, Hanoi, buying truck insurance is extremely necessary. “There are times when the vehicle has problems on the road, the cost of repair and compensation amounts to tens of millions of dong, insurance has helped me bear a significant part.” – Mr. A shared.

Indeed, compulsory car insurance acts as a shield to protect you from unforeseen financial risks while participating in traffic. In the unfortunate event of an accident, the insurance will pay compensation for damage to people and property of third parties according to regulations.

How is Compulsory Car Insurance Fee Calculated?

The compulsory car insurance fee is calculated based on many factors, the most important of which are the vehicle type and purpose of use.

For Trucks:

Truck insurance premiums are calculated based on the vehicle’s load capacity. The larger the truck’s load capacity, the higher the fee.

You can refer to the compulsory car insurance price list of some reputable insurance companies such as PVI Insurance, Bao Viet Insurance, PTI Insurance…

Truck insurance price list

Note:

• Insurance premiums may vary depending on the time and policy of each insurance company.
• You should compare the fees and benefits of different insurance companies before making a purchase decision.
• Choose to buy insurance at reputable agents or directly on the insurance company’s website.

Frequently Asked Questions about Compulsory Car Insurance Fees:

1. Where can I buy compulsory car insurance?

You can buy compulsory car insurance at:

• Insurance agents nationwide.
• Directly on the websites of insurance companies.
• E-commerce platforms such as Tiki, Shopee, Lazada…

2. Is the procedure for buying compulsory car insurance complicated?

The procedure for buying compulsory car insurance is quite simple. You only need to provide some documents such as vehicle registration, ID card/citizen identity card…

Truck insurance purchase procedure

How to Buy Compulsory Car Insurance at Hanoi Trucks

For advice and support in buying compulsory car insurance at the best price, please contact Hanoi Trucks via hotline: [Phone number] or visit the website: [Website address].

Similar Products

In addition to compulsory car insurance, Hanoi Trucks also provides other motor vehicle insurance products such as:

• Comprehensive car insurance.
• Passenger accident insurance.

Conclusion

Hopefully, this article has provided you with useful information about compulsory car insurance fees. Buying insurance is essential, helping you feel more secure when participating in traffic.

If you have any questions, please feel free to leave a comment below or contact Hanoi Trucks for detailed advice.