What is Compulsory Car Insurance?

Compulsory Third-Party Liability (TPL) insurance is a legal requirement for all vehicle owners in Vietnam. It protects the owner and other road users by covering damages to third parties in case of an accident. This includes bodily injury and property damage.

Where to Buy Compulsory Car Insurance?

Purchasing compulsory car insurance is straightforward. Here are a few reliable options:

1. Directly from Insurance Companies

Numerous reputable insurance companies in Vietnam offer compulsory TPL insurance, such as PVI Insurance, Bao Viet Insurance, and PTI Insurance. You can visit their offices in Hanoi, for instance, on Nguyen Trai Street (Thanh Xuan District) or Le Van Luong Street (Cau Giay District), for consultation and purchase.

Expert Advice:

“Choosing a reputable insurance company is crucial. Seek recommendations from friends and family, or thoroughly research different companies before making a decision.” – Mr. Nguyen Van A, Motor Vehicle Insurance Consultant.

2. Through Car Dealerships

If you purchase your car from dealerships like Hyundai Truong Chinh (Dong Da District) or Thaco Truong Chinh (Thanh Xuan District), you can often purchase compulsory TPL insurance directly on-site. Dealerships usually partner with insurance companies to provide comprehensive services to their customers.

3. Online

In today’s digital age, buying insurance online is increasingly popular due to its convenience and speed. You can visit the websites of insurance companies or online insurance platforms to compare prices, choose suitable coverage, and make online payments easily.

Compulsory Car Insurance Price List

Vehicle Type	Liability Coverage	Premium (VND)
4-7 Seat Passenger Vehicle	100 million/person/incident, 500 million/incident	480,700
Truck, 9+ Seat Passenger Vehicle	100 million/person/incident, 750 million/incident	1,141,000

Note: This price list is for reference only. Actual premiums may vary depending on the vehicle type, year of manufacture, engine capacity, and other factors.

Understanding Compulsory TPL Insurance in Vietnam

Frequently Asked Questions

1. How long is compulsory car insurance valid?

Compulsory car insurance is valid for one year from the date of issuance.

2. What are the penalties for not having compulsory car insurance?

According to current regulations, vehicle owners without compulsory insurance face fines ranging from 400,000 to 600,000 VND for motorcycles and from 1,000,000 to 3,000,000 VND for cars.

3. Where can I buy comprehensive car insurance?

In addition to compulsory TPL insurance, you can consider comprehensive car insurance for more extensive coverage. XE TẢI HÀ NỘI provides consultation and support for purchasing reputable and competitively priced comprehensive car insurance.

How to Buy Car Insurance at XE TẢI HÀ NỘI

To buy car insurance at XE TẢI HÀ NỘI, follow these steps:

Visit xetaihanoi.edu.vn or contact our hotline for consultation.
Provide your vehicle information and choose a suitable insurance package.
Pay the insurance premium and receive your electronic insurance certificate.

Related Services

Besides car insurance, XE TẢI HÀ NỘI also offers services such as:

Used Car Inspection Process: https://xetaihanoi.edu.vn/quy-trinh-dang-kiem-xe-o-to-cu/
How to Sell Your Car Effectively: https://xetaihanoi.edu.vn/cach-ban-xe-o-to-hieu-qua/
Car Paperwork Reissuance: https://xetaihanoi.edu.vn/lam-lai-giay-to-xe-o-to/
Car Theory Learning: https://xetaihanoi.edu.vn/hoc-ly-thuyet-o-to/
PVI Car Insurance Fees: https://xetaihanoi.edu.vn/phi-bao-hiem-xe-o-to-pvi/

Conclusion

Buying compulsory car insurance is not only a legal obligation but also a responsibility of every car owner towards themselves and the community. We hope this article has provided you with helpful information about compulsory car insurance. For any further questions, please contact XE TẢI HÀ NỘI for the best consultation and support!