Car Insurance Expiration Fines in Vietnam 2023
Mr. Ba, a meticulous resident of My Dinh, Hanoi, had a spotless driving record for nearly 20 years driving his Hyundai truck. Yet, last week, while rushing down Pham Hung Street to make a delivery, he was pulled over by a traffic officer. It turned out that, amidst his busy schedule, he had forgotten to renew his truck’s insurance. Mr. Ba ended up with a hefty fine and lost valuable time, impacting his work.
Mr. Ba’s story serves as a cautionary tale for many drivers. So, what are the fines for expired car insurance in 2023? Let’s delve into the details below!
Latest Fines for Expired Car Insurance
According to Decree 100/2019/ND-CP, amended and supplemented by Decree 123/2021/ND-CP, the fines for expired car insurance are as follows:
For Cars:
| Vehicle Type | Expired Less Than 1 Month | Expired 1 – 2 Months | Expired Over 2 Months |
|---|---|---|---|
| Cars with Fewer Than 9 Seats | 1,000,000 – 1,500,000 VND | 3,000,000 – 4,000,000 VND | 4,000,000 – 6,000,000 VND |
| Cars with 9 or More Seats, Trucks Under 2,500 kg | 1,600,000 – 2,400,000 VND | 4,800,000 – 7,200,000 VND | 6,400,000 – 9,600,000 VND |
| Trucks from 2,500 – Under 3,500 kg | 2,000,000 – 3,000,000 VND | 6,000,000 – 9,000,000 VND | 8,000,000 – 12,000,000 VND |
| Trucks 3,500 kg and Above | 2,400,000 – 3,600,000 VND | 7,200,000 – 10,800,000 VND | 9,600,000 – 14,400,000 VND |
For Motorbikes:
| Vehicle Type | Fine |
|---|---|
| Motorbikes, Motorcycles with Engine Capacity Under 50 cm3 | 50,000 – 100,000 VND |
| Motorbikes, Motorcycles with Engine Capacity 50 cm3 and Above | 100,000 – 200,000 VND |
Note:
- The fines above do not include service fees.
- In addition to fines, vehicle owners may have their vehicles impounded for up to 7 days.
Traffic police officer blowing a whistle
Why Buy Car Insurance?
Many people consider buying car insurance a burden. However, in reality, it’s an effective form of financial protection for yourself and those around you. With insurance, you’re protected against unexpected risks like accidents and vehicle damage.
Mr. Nguyen Van A, an expert from the Vietnam Automobile Transportation Association, said: “Car insurance is a mandatory requirement for all vehicles participating in traffic. Buying insurance not only helps you avoid financial risks but also contributes to building a civilized and safe society.”
Frequently Asked Questions
How Long After Car Insurance Expires Can I Not Drive?
According to regulations, vehicle owners must purchase insurance immediately after their current policy expires. Otherwise, the vehicle will not be eligible to participate in traffic.
Where Can I Pay Fines for Expired Car Insurance?
You can pay fines for expired car insurance at:
- State Treasury
- Authorized Banks
- National Public Service Portal
- Ministry of Public Security Public Service Portal
Hyundai Truck
Where to Buy Reliable Trucks in Hanoi?
Are you looking for a reputable place to buy trucks in Hanoi? Come to XE TẢI HÀ NỘI. We offer a wide range of trucks, from light trucks to heavy trucks, meeting all your transportation needs.
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