Essential Car Insurance: Comprehensive Protection for Your Vehicle

Anh Tuan, owner of a construction material store on Nguyen Trai Street, Thanh Xuan District, Hanoi, takes pride in his Hyundai Porter truck – the lifeblood of his family. Every day, the truck diligently accompanies him on various routes, delivering goods directly to customers.

One late afternoon, while transporting goods from Long Bien District, Anh Tuan unfortunately collided with a motorbike. Although there were no injuries, his truck sustained significant damage, with repair costs amounting to tens of millions of Vietnamese Dong. Fortunately, he had comprehensive car insurance, which helped alleviate the financial burden.

What is Car Insurance? Why is it Necessary?

Car insurance is a form of financial protection that helps you recover from property and personal damage in the event of an incident involving your vehicle.

There are several reasons why you should purchase car insurance, such as:

• Financial Risk Protection: Accidents, collisions, and fires can occur at any time, causing significant property damage. Car insurance will help you cover repair or replacement costs or compensate third parties for damages.
• Legal Compliance: According to Vietnamese law, all car owners are required to purchase compulsory civil liability insurance.
• Peace of Mind While Driving: With car insurance, you can drive with greater peace of mind, focusing on vehicle control and handling situations while on the road.

Common Types of Car Insurance in Vietnam

1. Compulsory Civil Liability Insurance (TNDSBB)

This is a mandatory type of insurance for all car owners in Vietnam. TNDSBB insurance protects you in case your vehicle causes an accident, resulting in injury or property damage to a third party.

2. Physical Damage Insurance (BHVC)

Physical damage insurance protects your vehicle from damage caused by accidents, collisions, fires, natural disasters, theft, etc.

Some reputable physical damage insurance companies: PVI Insurance, Bao Viet Insurance, PTI Insurance,…

3. Passenger Accident Insurance

This type of insurance protects the passengers in your vehicle (including you) in the event of an accident. The insurance will cover medical expenses, injuries, or death for the insured.

4. Other Supplementary Insurance

Additionally, you can purchase supplementary insurance such as flood insurance, accessory insurance, and parts theft insurance to enhance the protection for your vehicle.

Car insurance policy

Car Insurance Price Reference Table

Note: This table is for reference only. Actual insurance premiums may vary depending on the insurance company, vehicle type, year of manufacture, purpose of use, etc.

Important Notes When Purchasing Car Insurance

• Choose a Reputable Insurance Company: Choose reputable insurance companies with good service and a strong track record, such as PVI Insurance, Bao Viet Insurance, PTI Insurance,…
• Compare Premiums and Benefits: Carefully compare insurance premiums, benefits, and exclusions from different companies before making a purchase decision.
• Declare Information Truthfully: You must declare accurate information about the vehicle and the insured to receive full benefits in case of an incident.

Traffic accident

Frequently Asked Questions about Car Insurance

1. What is the procedure for purchasing car insurance?

You can purchase car insurance directly at representative offices or branches of insurance companies or online through their websites. The purchase procedure is quite simple; you only need to provide necessary documents such as vehicle registration, ID card/citizen identity card,…

2. When should I renew my car insurance?

You should renew your car insurance before the current policy expires. Timely renewal ensures continuous insurance coverage and avoids interruptions.

3. What should I do in case of an accident?

In case of an accident, remain calm, handle the situation, and ensure the safety of yourself and others. Then, contact your insurance company immediately for further instructions.

Buying a Truck? Don’t Forget Insurance!

Car insurance is a crucial shield that protects you from unforeseen risks while on the road. Visit Xe Tai Ha Noi, a trusted address providing quality trucks and professional, dedicated car insurance consulting services. We are committed to bringing you absolute peace of mind and satisfaction.

Contact Xe Tai Ha Noi at:

• Showroom: [Xe Tai Ha Noi Showroom Address]
• Hotline: [Xe Tai Ha Noi Phone Number]
• Website: https://xetaihanoi.edu.vn/

In addition, Xe Tai Ha Noi also offers a variety of other services such as:

• Learn about driver’s licenses
• Automotive Engineering
• Truck Drivers

Let Xe Tai Ha Noi accompany you on every journey!