Compulsory Truck Insurance Costs in Hanoi: A Guide

Anh Ba, a Hyundai HD120 truck driver who runs the Hanoi – Bac Ninh route, once shared with me over tea on Nguyen Khanh Toan Street: “A truck is as big as a buffalo, accidents on the road are sometimes unavoidable. Being careful is good, but having insurance offers peace of mind.” Indeed, compulsory motor vehicle insurance, including truck insurance, is essential for financial security for both yourself and the community. So, how are compulsory motor vehicle insurance premiums calculated? Let’s find out in this article.

What is Compulsory Motor Vehicle Insurance Premium?

Compulsory motor vehicle insurance premium, often referred to as compulsory TNDS (Third-party Liability) insurance, is a fee that vehicle owners must pay annually to an insurance company to cover their civil liability while participating in traffic. Simply put, if an accident occurs due to your fault, the insurance will pay on your behalf for the compensation of damages to people and property of the third party.

Compulsory TNDS Insurance Price List for Trucks

Below is a reference table of compulsory TNDS insurance premiums for trucks from some reputable insurance companies:

Note: This price list is for reference only. The actual insurance premium may vary depending on the insurance company, vehicle type, year of manufacture, purpose of use, etc.

Important Notes When Buying Compulsory TNDS Insurance for Trucks

• Choose a reputable insurance company: Choose large and reputable insurance companies in the market such as PVI Insurance, Bao Viet Insurance, PTI Insurance, etc.
• Compare premiums: Each insurance company will have different premiums and promotions. Carefully compare before making a purchase decision.
• Read the contract terms carefully: Pay special attention to the terms regarding coverage, liability limits, and claim settlement procedures.

Truck accident in Vietnam

Frequently Asked Questions about Compulsory Motor Vehicle Insurance Premiums

Does compulsory TNDS insurance include vehicle damage insurance?

No, compulsory TNDS insurance only covers the vehicle owner’s civil liability towards third parties. To protect your own vehicle, you need to purchase additional vehicle damage insurance.

Can a truck with expired registration buy compulsory TNDS insurance?

No, according to current regulations, vehicles with expired registration are not allowed to participate in traffic and cannot purchase compulsory TNDS insurance.

Where can I buy compulsory TNDS insurance?

You can purchase compulsory TNDS insurance directly at the transaction offices of insurance companies or online on the company’s website.

Buy Quality and Reliable Trucks at Xe Tai Ha Noi

If you are looking to buy quality trucks at good prices, please contact Xe Tai Ha Noi for the best advice and support. We are proud to be the leading provider of reputable trucks in Hanoi, with a wide range of vehicles, from light trucks such as Thaco Towner, Hyundai Porter H150 to heavy trucks such as Hyundai HD120, Hino 500, etc.

xe-tai-hyundai-hd120|xe-tai-hang-nặng|A heavy duty Hyundai HD120 truck