Hanoi Truck Insurance: Your Smart Choice for Annual Coverage
Hanoi Truck Insurance: Your Smart Choice for Annual Coverage

Hanoi Truck Insurance: Your Smart Choice for Annual Coverage

11/02/2025
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Anh Tuan, a Dongfeng B180 truck driver operating between Tu Liem and Ha Dong, takes pride in his “rice bowl” – his truck. He meticulously maintains it at Tien Phat Auto Repair on Nguyen Trai Street and adheres to traffic regulations. However, misfortune struck on a rainy day while delivering goods to Son Tay. His truck skidded and collided with a motorbike. Fortunately, no one was seriously injured, and the truck sustained minor damage. Anh Tuan was relieved he had purchased a one-year truck insurance policy, saving him a significant amount on repairs. Anh Tuan’s story highlights the importance of truck insurance, especially annual coverage.

What is One-Year Truck Insurance?

One-year truck insurance requires a single, upfront payment to cover your vehicle for a full year. If an accident or covered incident occurs during this period, the insurance company will cover repair or replacement costs as stipulated in the policy.

Advantages of One-Year Truck Insurance:

  • Time-Saving: A single payment covers you for the entire year.
  • Financial Security: Provides financial peace of mind in case of an accident.
  • Variety of Coverage Options: Choose a policy that fits your needs and budget.
  • 24/7 Support: Most insurance companies offer round-the-clock customer support.

Disadvantages of One-Year Truck Insurance:

  • Higher Upfront Cost: Compared to monthly payments, the initial cost for a year’s coverage is higher.

One-Year Truck Insurance Price Guide (Reference)

Coverage Type Vehicle Value Estimated Premium
Compulsory Third-Party Liability Insurance All Vehicles As regulated by the Ministry of Finance
Physical Damage Coverage Under 1 Billion VND From 1.5% of vehicle value
Over 1 Billion VND From 1.3% of vehicle value
Passenger Accident Coverage Based on seating capacity and liability level

Note: Actual premiums may vary depending on the insurer, vehicle type, year of manufacture, and operating region.

Dongfeng B180 TruckDongfeng B180 TruckTien Phat Auto Repair GarageTien Phat Auto Repair Garage

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