Compulsory Car Insurance in Hanoi: Drive with Peace of Mind

The Importance of Compulsory Car Insurance

Protecting Yourself and the Community

Buying compulsory car insurance is not just an obligation but a responsibility of every car owner. It acts as a shield, protecting you from unforeseen risks on the road.

According to Robert Miller, an economics professor at Stanford University, “compulsory car insurance helps distribute financial risk across society, ensuring everyone can afford the costs associated with an accident.”

Complying with the Law, Avoiding Fines

Compulsory car insurance is mandated by the Law on Civil Liability Insurance of Motor Vehicle Owners No. 04/2000/QH10 and its guiding documents. Failure to purchase insurance can result in fines ranging from 400,000 to 600,000 VND for cars and 600,000 to 800,000 VND for trucks.

Frequently Asked Questions about Compulsory Car Insurance

1. Where can I buy compulsory car insurance?

You can purchase compulsory car insurance from reputable insurance companies or through insurance agents nationwide.

2. How much does compulsory car insurance cost?

The cost of compulsory car insurance is regulated by the Ministry of Finance and depends on the type of vehicle and its intended use. You can refer to the article “Compulsory Car Insurance Costs” on xetaihanoi.edu.vn for more details.

3. Is the process of buying compulsory car insurance complicated?

The process of buying compulsory car insurance is quite simple. You only need to provide your vehicle registration and ID card/citizen identification card to the insurance provider.

Benefits of Compulsory Car Insurance

• Financial protection in case of an accident.
• Peace of mind while driving, without worrying about risks.
• Contributing to a safe and civilized society.

More Frequently Asked Questions

• How long is compulsory car insurance valid?
• What cases does compulsory car insurance cover?
• How do I file a complaint if my insurance claim is denied?

Related Articles:

• Compulsory Car Insurance Costs
• Compulsory Car Insurance Sales

Spiritual Beliefs

In Feng Shui, ensuring the safety of oneself and one’s family while participating in traffic is highly valued. Purchasing compulsory car insurance is seen as a way to “prevent rather than cure,” bringing peace of mind and good luck to the car owner.

Truck Insurance in Hanoi

Traffic Accident in Vietnam

Conclusion

Compulsory car insurance is essential for every car owner. Be a wise driver, responsible for yourself and the community. If you need more advice on truck insurance or want to buy a truck, please contact XE TẢI HÀ NỘI Dealership or Hotline: 0968 239 999. We are always available to assist you 24/7.

Don’t forget to leave a comment and share this article if you find it helpful.