Top 5 Things To Know About 4-Seat Auto Insurance

Top 5 Information You Need to Know About Best 4-Seater Car Insurance Thanh Phong Auto Garage Hcm 2024

Because of the characteristics of work or the needs of daily life, many people today choose 4-seat cars as their means of transportation. However, when buying a car, they were advised about many different types of insurance but did not have specific knowledge, so they were extremely confused.

In the article below, let's find out 5 information you need to know about 4-seat car insurance to get ready to the most suitable insurance company.

 Compulsory insurance for 4-seat cars

According to current Law, 100% of people who buy 4-seat cars are required to buy one Civil liability insurance. Understandably, this type of compulsory automobile insurance operates on the principle of compensating the small majority. This means that the fee for participation of everyone will be pooled into a fund and ready to take out compensation payments for a few people who have unexpected problems.

4-seat Car Insurance
4-seat Car Insurance

The scope of liability of civil liability auto insurance has been clearly stated in Circular 22 / 2016 / TT-BTC as follows:

  • The insurance will pay compensation for damage caused by motor vehicles of VND 100 million / person / case
  • Damage to property caused by motor vehicles or motorcycles, 2-wheel and 3-wheel motorcycles is VND 50 million / case.
  • Property damage caused by vehicles, motorcycles, tractors, special vehicles is VND 100 million / case

In the case of the owner intentionally causing damage to the vehicle or damage to accessories, parts during the use of 4-wheel cars will not be covered by insurance.

Typically, each civil liability auto insurance will have a term within 1 year with the date indicated on the insurance. Therefore, do not forget to regularly review the insurance to buy it back in time, if there are problems that insurance expires will not be compensated.

Participating in Civil Liability Auto Insurance is Compulsory
4-seat Car Insurance Is Compulsory

Physical insurance for 4-seat cars

Although not compulsory insurance, but buyers of 4-seat cars should also buy additional 2-way physical insurance. This type of insurance will help you pay compensation in both directions when the fault occurs due to you or others.

Some cases that fall within the scope of 2-way coverage that you need to know are:

  • Body insurance Physical damage to the vehicle due to collisions with other motor vehicles
  • Vehicle damage due to collision, overturn, other objects dropped or collided
  • Damage caused by fire, explosion, natural disaster
  • Vehicle theft and theft insurance
  • Physical damage after the accident, the incident occurred

However, you should remember that immediately after an accident or incident you need to notify the authorities or inspection insurers to be paid.

Voluntary insurance for 4-seat cars

In addition to compulsory civil liability insurance and material 2-way insurance, you should also refer to some other voluntary insurance for 4-seat cars:

  • Insurance for drivers: compensation for bodily damage of the driver in the event of an accident or incident, the compensation is about VND 50 million / person.
  • Insurance for passengers in the car: compensation for bodily harm of the person sitting in the car is 50 million VND / case
  • Civil liability insurance of goods
  • ...
Currently, there are many voluntary insurances for 4-seat cars
Voluntary Insurance for 4-seat Cars

4-seat car insurance cost

Besides the benefits received specified on the terms of the insurance contract, the owner also needs to know more about the cost of participating in each type of insurance.

With civil liability insurance for 4-seater vehicles, the price will include VAT as follows:

  • 4-seater cars without transport business: around VND 500 thousand / year
  • 4-seater cars for transport business: about VND 850 / year

With the voluntary insurance each company offers will also offer different prices for your reference.

Some reputable insurance companies today

Finally, before buying a 4-seat car and getting insurance, you should pocket some money reputable insurance company currently on the market to ensure both price and quality. Mainly famous companies with many years of experience and direct links with major vehicle maintenance centers.

3 brightest names are:

  • Petrolimex Insurance Company, also known as PJICO for short
  • Vietnam Oil and Gas Insurance Company is also called PVI
  • Liberty Insurance Company
You should choose well-known insurance companies that are affiliated with vehicle maintenance centers
You should choose well-known insurance companies that are affiliated with vehicle maintenance centers

Let's pocket 5 useful information about 4 seat auto insurance to make the right choice to ensure your interests!

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