What are the benefits of participating in car insurance?

Car insurance is a form of protection for vehicle owners and drivers. When participating in insurance, users enjoy many benefits to minimize financial and personal risks in case of an incident. This article will help customers better understand the value of auto insurance. We welcome customers to consult!

Is it mandatory to buy car insurance?

Pursuant to Clause 1, Clause 2, Clause 3, Article 2 and Clause 1, Article 4 of Decree 67/2023/ND-CP, car owners must buy compulsory insurance at insurance enterprises licensed to operate the business. Insurance according to legal regulations. In addition to the mandatory insurance package, car owners can purchase other voluntary packages

Benefits when paying for car insurance

Paying car insurance will bring the following benefits:

• Ensure proper and strict compliance with transportation, insurance and civil laws.
• Protect your car in case of accident, damage or theft.
• Minimize the cost of repairing or replacing vehicle parts.
• Protecting the car owner when the insurance will have civil liability will protect you from compensation costs for having an accident or causing a traffic accident.
• Create peace of mind when using the car.
• Rescue support because many car insurance companies provide free rescue services to their customers

Procedures for buying car insurance

Step 1: Car owner finds and contacts the insurance company to discuss insurance packages.

Step 2: The car owner accesses the insurance seller’s website and carries out the procedures to buy car insurance. Or car owners can buy car insurance directly at the insurance seller.

Step 3: The car owner pays and receives a receipt and Insurance Certificate from the insurance seller, as prescribed in Clause 1, Article 10 of Decree 67/2023/ND-CP.

Car insurance rates

Based on sections IV to VI, Appendix I of Decree 67/2023/ND-CP on civil liability insurance fees for motor vehicle owners, insurance fees for cars are very diverse, depending on the type of vehicle, seat and purpose of use, there will be different fees. This fee ranges from 437,000 VND to 3,200,000 VND.

Consulting services and support for customers participating in car insurance

When you own your own car, you will have to buy mandatory insurance for your car. However, buying insurance may encounter some legal issues that make it difficult for you. Therefore, if you have any questions related to car insurance, please contact Long Phan for help. With our expertise, we will help you:

• Consulting in detail on insurance regulations for motor vehicles in general and cars in particular;
• Specific advice for your situation;
• Assist you in finding reputable insurance businesses, comparing and analyzing the benefits of auto insurance at each business.
• Assist you in preparing necessary documents and records when buying insurance;
• Consulting, reviewing, evaluating, supplementing and amending insurance contract terms,
• Representing customers to buy car insurance online and in person, handing over the results

If you need detailed advice on buying car insurance or want to use consulting services at Long Phan, please contact the Hotline. 0906.735.386 for detailed instructions.