Top 5 Information About 4-Seater Car Insurance You Should Know

- Top 5 Information About 4-Seater Car Insurance You Should Know
Latest update date: February 07, 06

4 seat car insurance Provides a comprehensive form of protection for your vehicle. It not only protects the owner from common risks such as traffic accidents, theft, fire, but also includes insurance extensions such as legal protection and driver and passenger protection. on the car. This ensures that you and your loved ones have maximum protection in the event of an unexpected incident.

Vietnam Road Administration (Ministry of Transport): The General Department's 2023 report shows that 60% of 4-seat cars circulating in Vietnam participate in voluntary auto insurance in addition to liability insurance. mandatory civil liability. This shows the high demand for comprehensive car protection

In case the car is damaged or has an accident, insurance will cover the costs of repair or replacement of parts, helping you save a lot of unnecessary costs. At the same time, if you encounter a lawsuit related to a traffic accident, 4-seater car insurance also provides legal support and compensation for legal damages that may arise.

In addition, insurance companies also offer many options to suit individual needs, including basic insurance packages and advanced insurance packages with additional services and benefits. 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 4-seat car buyers are required to buy civil liability insurance. It can be understood that this type of compulsory auto insurance operates on the principle of compensating the few with the many. This means that everyone's insurance fees will be pooled into one fund and will be ready to pay compensation to the few people who encounter unexpected incidents.

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.

Normally, each civil liability auto insurance will have a term of 1 year as clearly stated on the insurance date. Therefore, don't forget to regularly review your insurance to buy it back in time. If something goes wrong and your insurance expires, you won't be compensated.

Civil liability auto insurance is required
4 seater car insurance is mandatory

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 and shell insurance for 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
  • ...
There are many voluntary insurances available for 4-seater 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-seater car and taking part in insurance, you should pocket some reputable insurance companies currently on the market to ensure both price and quality. Mostly are well-known companies, have long experience and have direct links with major car 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
Should choose the well-known insurance companies and have links with car maintenance centers
Should choose the well-known insurance companies and have links with car maintenance centers

Most frequently asked questions about 4-seat car insurance

1. How much does civil liability insurance for a 4-seat car cost?

The price of civil liability insurance for a 4-seat car not used for transportation business is about 500 thousand VND/year and for a 4-seat car used for transport business is about 850 thousand VND/year. You can refer to 5 Pay attention when buying car civil liability insurance shared on the website.

2. What does 4-seat car insurance cover?

4-seater car physical insurance includes compensation for vehicle physical damage due to collisions, collisions, overturns, other objects falling or colliding, fires, explosions, natural disasters, loss theft, vehicle theft and physical damage after an accident.

3. What types of 4-seat car voluntary insurance are included?

Voluntary 4-seater car insurance includes driver insurance, passenger insurance and cargo civil liability insurance.

4. What are the current reputable 4-seater car insurance companies?

Current reputable 4-seat car insurance companies include Petrolimex Insurance Company (PJICO), Vietnam Petroleum Insurance Company (PVI) and Liberty Insurance Company.

5. How long is 4-seater car insurance valid?

The term of 4-seat car insurance is usually 1 year.

6. Is 4-seat car insurance mandatory?

According to current law, 100% of 4-seat car buyers are required to buy civil liability insurance.

7. What damages does 4-seater car insurance cover?

4-seater car insurance compensates for human damage caused by motor vehicles of 100 million VND/person/incident, property damage caused by motor vehicles or motorbikes, 2-wheeled motorbikes, 3-wheeled vehicle is 50 million VND/case and property damage due to cars, motorbikes, tractors, and special vehicles is 100 million VND/case.

8. What cases are not covered by 4-seater car insurance?

In case the car owner intentionally causes damage to the car or damages accessories and spare parts while using the 4-wheeled car, insurance will not cover it.

9. Is there a limit to the number of insured people in 4-seat car insurance?

No, 4-seat car insurance does not limit the number of insured people.

10. Does 4-seat car insurance cover goods?

Yes, 4-seat car insurance can include cargo civil liability insurance.

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