Compulsory Car Insurance in Vietnam: A Guide for Truck Owners

“A stitch in time saves nine” holds true, especially for trucks, the bread and butter for many families. To ensure peace of mind on the road, in addition to regular maintenance, compulsory car insurance is essential. So, how is compulsory car insurance calculated? Let’s delve into the details with Xe Tai Ha Noi!

What is Compulsory Car Insurance?

Compulsory car insurance, also known as compulsory Third Party Liability (TPL) insurance, is a fee that vehicle owners must pay according to Vietnamese law. This fee is based on the vehicle type, its intended use, and seating capacity.

Why is Compulsory Car Insurance Necessary?

Imagine driving on Truong Chinh Street, a bustling Hanoi road, when your truck accidentally collides with another vehicle. Compulsory TPL insurance will cover the costs of compensation for bodily injury and property damage to the third party, easing your financial burden.

Moreover, according to Vietnamese traffic laws, driving without compulsory TPL insurance results in fines and potential vehicle impoundment.

Compulsory Car Insurance Price List for Trucks

Trucks Under 2.5 Tons

Trucks From 2.5 to Under 6 Tons

Trucks From 6 to Under 10 Tons

Note: This price list is for reference only. Actual fees may vary depending on the insurance provider and the time of purchase.

Important Considerations When Purchasing Compulsory Car Insurance

• Choose a reputable insurance company with excellent customer service.
• Compare the fees and benefits of different insurance packages before making a decision.
• Carefully review the insurance contract before signing.
• Renew your insurance before it expires to avoid a lapse in coverage.

Frequently Asked Questions About Compulsory Car Insurance

Does a Newly Purchased Truck Have Insurance?

Newly purchased trucks do not come with compulsory TPL insurance. You must purchase insurance immediately after completing the vehicle registration process.

Can the Price of Compulsory Car Insurance Change?

Insurance prices can change annually based on factors such as the number of traffic accidents and government policies.

Where Can I Buy Compulsory Car Insurance?

You can purchase insurance directly at the representative offices of insurance companies or online through their websites.

Buy Reliable, Quality Trucks at Xe Tai Ha Noi

If you are looking to buy a truck, visit Xe Tai Ha Noi – the leading provider of genuine, high-quality trucks at competitive prices.

We have a wide network of showrooms across Hanoi districts such as Cau Giay, Long Bien, Ha Dong, etc., with a team of professional and dedicated consultants ready to assist you in choosing the perfect truck.

In addition, Xe Tai Ha Noi offers support services for installment purchases, registration, and vehicle inspection, quickly and conveniently.

Similar products:

• Hyundai trucks for sale
• Hino trucks for sale
• Isuzu trucks for sale
• Dongfeng trucks for sale

Contact Xe Tai Ha Noi for detailed advice!

Conclusion:

Compulsory car insurance is a financial safety net that protects you from unforeseen risks while on the road. We hope this article has provided you with useful information about compulsory car insurance prices.

Share this article with your friends and family to raise awareness about safe driving!