Buzz
Cars, also known as automobiles (or oto), are categorized into two types: non-transportation business cars and transportation business cars. Within these types, there are various car models, each with different car insurance prices. To determine the insurance fee for your car, let's update the latest car insurance prices below.
Mandatory insurance fees for cars
1. Latest Car Insurance Price List
According to legal regulations, car insurance is mandatory. Therefore, this insurance serves to cover third parties in case of accidents. In other words, when the car driver causes an accident to others, the Insurance company will compensate for the damages and losses to the injured party.
Latest Car Insurance Fee Table
As per the insurance price list, for cars with less than 6 seats, the car insurance cost is 480,700 VND/year, for cars with 6 - 11 seats, the cost is 873,400 VND/year, and for cars with 12 - 24 seats, the cost is 1,397,000 VND/year ... Thus, the insurance price increases based on the number of seats and whether it is for business or non-business purposes.
2. Where to Purchase Car Insurance?
As mentioned earlier, car insurance is a mandatory type of insurance. Failure to have it when checked by traffic police or authorized agencies will result in legal violations and penalties as per regulations.
Currently, there are many places in the market selling car insurance, making it difficult to determine which address can ensure the best rights and benefits. For a quick, quality, and cost-effective car insurance purchase, it is advisable to approach reputable car insurance companies.
Additionally, you can seek opinions from friends, relatives, and gather more information about car insurance companies, such as financial capabilities, establishment and development processes, services, customer reviews, etc., to make the best choice. Choosing a reputable insurance provider will help you address unexpected issues more quickly and transparently in case of unforeseen incidents.
With the shared information above, you can refer to the car insurance price list and sellers to purchase quality insurance, ensuring the best benefits at a reasonable price. Since car insurance is mandatory, it's crucial to adhere to the regulations to avoid penalties.
In addition, Mytour has compiled a list of places selling affordable motorcycle insurance, helping you quickly identify where to find the best deals on motorcycle insurance at reasonable prices.
