What is Motorcycle Insurance For? Your Questions Answered

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09/02/2025

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Anh Tuan, the owner of a small grocery store on Hue Street, had just purchased a shiny new scooter. Overjoyed, he rode around showing it off to all his friends. Unfortunately, his joy was short-lived. On Tran Khat Chan Street, he had to brake suddenly, bumping into the back of a truck stopped at a red light. Luckily, he only suffered minor injuries, but his scooter was scratched and damaged. It was then that he remembered he hadn’t purchased motorcycle insurance.

Anh Tuan’s story serves as a wake-up call for many. Motorcycle insurance, often seen as just a formality, can be a lifesaver, protecting us from financial hardship in the event of an accident. So, what is motorcycle insurance for? Let’s explore this topic in detail with XE TẢI HÀ NỘI!

Motorcycle Insurance – Your Shield Against Risk

What is Motorcycle Insurance?

Motorcycle insurance is a type of insurance where the motorcycle owner pays a premium to an insurance company to be protected against potential risks such as accidents, fire, theft, and more. In the event of an incident, the insurance company will compensate you with a sum of money according to the signed insurance contract.

The Practical Benefits of Motorcycle Insurance

Reduces Financial Burden: Instead of bearing the full cost of repairs and compensation to third parties in case of an accident, you’ll receive financial support from the insurance company, covering part or all of the expenses.
Peace of Mind While Riding: With the “insurance shield,” you can ride with greater peace of mind, focusing on driving and reducing the risk of accidents.
Fulfills Legal Obligations: According to Vietnamese law, all motorcycle owners are required to purchase third-party liability insurance. This not only protects you but also demonstrates your responsibility to the community.

Motorcycle Insurance Price List

Type of Insurance	Coverage	Reference Price (VNĐ/year)
Compulsory Third-Party Liability Insurance	Compensation for bodily injury and property damage to third parties caused by the vehicle	70,000 – 150,000
Comprehensive Insurance	Compensation for damage to your vehicle in cases of accidents, fire, theft, etc.	Depends on the vehicle’s value, usually from 1% – 3% of the vehicle’s value
Passenger Accident Insurance	Compensation for bodily injury and death to passengers in case of an accident	Depends on the number of passengers and coverage level

Important Considerations When Purchasing Motorcycle Insurance

Choose a Reputable Insurance Company: Thoroughly research insurance companies and select a reputable one with good service and a transparent claims process.
Carefully Read the Insurance Contract: Before signing the contract, carefully review all terms and conditions, especially the coverage, liability limit, your rights, and obligations.
Keep the Contract Safe: After signing, keep the contract in a safe place for future reference.

Frequently Asked Questions about Motorcycle Insurance

1. Is motorcycle insurance mandatory?

According to Vietnamese law, all motorcycle owners are required to have compulsory third-party liability insurance.

2. How long is motorcycle insurance valid for?

Motorcycle insurance is typically valid for one year.

3. How can I purchase motorcycle insurance?

You can purchase motorcycle insurance directly at representative offices or agents of insurance companies, or online through their websites or apps.

4. What is the claims process for motorcycle insurance?

In the event of an incident, immediately notify the insurance company for instructions on the reporting and assessment procedures. After completing the process, you will receive compensation as stipulated in the insurance contract.

Buy Trucks and Vans with Confidence – Visit XE TẢI HÀ NỘI!

In addition to providing helpful information about motorcycle insurance, XE TẢI HÀ NỘI is also a trusted source for customers seeking high-quality trucks and vans that meet their specific needs. We are proud partners of reputable truck manufacturers and dealerships in Hanoi and surrounding provinces, including:

Hyundai Trucks: Offering a range of light, medium, and heavy-duty trucks with various load capacities to suit diverse transportation requirements.
Thaco Trường Hải Truck Dealership: Distributing Dongfeng, Faw, and Ollin trucks with reliable quality and competitive prices.
Isuzu Trucks: Renowned for their durable and fuel-efficient trucks, ideal for long-haul transportation.

If you’re interested in learning more about trucks and vans, please contact XE TẢI HÀ NỘI at:

Showroom: No…. Giai Phong Street, Ward…, Hai Ba Trung District, Hanoi
Hotline: ….
Website: xetaihanoi.edu.vn

Our team of professional consultants is always ready to assist and answer all your questions!

Conclusion

Motorcycle insurance is a crucial shield against unforeseen risks. Be a smart consumer and choose the right insurance package to best protect yourself and your assets!