Car insurance is a form of financial protection for car owners, helping to minimize risks and damages when incidents related to cars occur. When you buy car insurance, you will pay an annual insurance premium (called the insurance premium) and in return, the insurance company will commit to compensate you for part or all of the damages specified in the insurance contract.
According to research by the Insurance Information Institute (2023) in the report 'Global Auto Insurance Trends', in developing countries in Asia, auto insurance helps reduce financial risks for car owners by up to 85% in case of accidents.
7 seat car insurance Not only is it a form of financial protection, it is also an essential part of safe traffic participation in Vietnam. With complex traffic conditions and high risk of accidents, car insurance is essential. Below are important notes that drivers should know when buying 7-seat car insurance.
Before deciding to buy insurance, you need to understand the insurance packages available on the market. There are two main types of car insurance:
According to statistics, about 70% of car owners choose two-way insurance to ensure financial security in case of an accident.
A deductible (also known as a deductible) is the amount of money you will have to pay out of pocket in each accident before the insurance company begins to pay out.
For example: If the deductible is 1 million VND and the loss is 5 million VND, you will pay 1 million and the insurance company will compensate 4 million.
Choosing a high deductible can help reduce your annual premium, but you also need to consider your financial ability in the event of an accident.
Many car owners are often attracted by advertisements for cheap auto insurance. However, cheap does not always mean good quality.
Recommendations: You should compare prices and benefits from different insurance companies to avoid the situation of "losing money and getting sick". A study shows that about 60% of customers are not satisfied with the compensation service of cheap insurance packages due to lack of benefits.
When purchasing auto insurance, you should also consider the repair and towing services the insurance company offers.
One effective way to save money is to buy group insurance with friends or colleagues. Many insurance companies offer attractive discounts for large groups, which can significantly reduce the total cost.
McKinsey & Company's (2023) study on the Asian insurance market shows that: 'Buying insurance in groups can save costs from 15-30% compared to buying individually, while increasing the contract renewal rate by up to 82%.
Buying 7-seater car insurance is an important decision for every car owner. By carefully researching insurance packages, deductibles, repair and rescue services, as well as considering price and service quality, you can choose the insurance package that best suits your needs. Hopefully, the above information will help drivers feel more secure on each of their journeys.
Civil liability insurance (one-way insurance) is a type of insurance required by Vietnamese law. Every car owner must purchase this type of insurance to ensure compensation to third parties in case of an accident.
Car insurance premiums are influenced by many factors, including: vehicle type, year of manufacture, intended use (home or commercial), location of registration, and the owner’s driving history. According to statistics, insurance premiums can range from 1% to 3% of the vehicle’s value.
The claim process typically involves the following steps: notifying the insurance company, providing documentation of the damage (accident report, repair receipts), and waiting for an assessment from the insurance company. Claim processing time can range from 5 to 30 days depending on the complexity of the case.
Common benefits in auto insurance include: third-party damage coverage, repair costs for your vehicle, emergency roadside assistance, and medical expenses for anyone injured in an accident.
When comparing insurance plans, you should consider factors such as premiums, benefits, deductibles, and customer service. Using insurance comparison websites can make it easy to find the plan that best fits your needs and budget.
Thanh Phong Auto is one of the leading units in Ho Chi Minh City providing quality auto insurance sales services, combined with vehicle repair and maintenance services. With many years of experience in the industry and close relationships with reputable insurance companies such as Bao Viet, Liberty, MIC - Military, Aviation - VNI, Thanh Phong Auto is committed to providing customers with the most optimal insurance packages, suitable for the needs and financial capabilities of each individual.
Currently, Thanh Phong Auto offers a variety of auto insurance packages such as:
With Formula "Customers are the center“, Thanh Phong Auto constantly strives to improve its services to best meet the needs of customers. The unit is committed to bringing absolute peace of mind to car owners when participating in traffic. If you are looking for a reputable address to buy car insurance in Ho Chi Minh City, come to Thanh Phong Auto for the best advice and support!
Cars Care Service Price Sheet At Thanh Phong Auto HCMC VietNam:
* The cars that we have mechanics: Mercedes, BMW, Audi, Lexus, Toyota, Honda, Mazda, Mitsubishi, Kia, Daewoo, Hyundai,Ford, Nissan, Volkswagen, Porsche, Chevrolet, Rand Rover, Innova, Fortuner, Vios, Fiat, Bugatti, Ferrari, Bentley, Hummer , Chrysler, Dodge, Renault, Cadillac, Volvo, Subaru, Daihatsu, Ssangyong, Roll-Royce, Peugeot, Smart Fortwo, Tobe M'car, Luxgen, Zotye, Haima, Geely, Baic, Hongqi, Cmc, Mini Cooper, Buick, Opel, Acura, Aston Martin, Vinfast, TQ Wuling, BYD.
To keep your vehicle running properly at all times, we offer a number of services that are carried out by our certified, expert auto service and repair technicians who have years of experience performing everything from oil changes to a complete engine overhaul.
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