Truck liability insurance fees are mandatory costs that truck owners must pay to participate in traffic. These fees are regulated by Decree 67/2023/ND-CP and depend on the truck’s tonnage. Understanding these insurance fees will help truck owners proactively purchase insurance and comply with the law.
Truck Liability Insurance Fee Table According to Decree 67/2023/ND-CP
Below is the truck liability insurance fee table according to Decree 67/2023/ND-CP, applicable for an insurance term of 1 year:
| Vehicle Type | Tonnage | Insurance Fee (VND) |
|---|---|---|
| Truck | Under 3 tons | 853,000 |
| Truck | From 3 to 8 tons | 1,660,000 |
| Truck | Over 8 to 15 tons | 2,746,000 |
| Truck | Over 15 tons | 3,200,000 |
Truck transporting goods.
Note: The above fees do not include value-added tax.
How to Calculate Truck Liability Insurance Fees for Terms Other Than 1 Year
For insurance terms other than 1 year, the truck liability insurance fee is calculated according to the following formula:
Formula for calculating motor vehicle insurance fees.
- Insurance term of 30 days or less: Annual insurance fee / 12 months.
Adjustments to Truck Liability Insurance Fees
Insurance companies may adjust truck liability insurance fees up or down by a maximum of 15% based on:
- The vehicle’s insurance claim history.
- The owner’s accident history.
Scope of Truck Liability Insurance
Truck liability insurance will compensate for damage to:
- The health, life, and property of third parties caused by the vehicle.
- The health and life of passengers on the vehicle caused by the vehicle.
Cases of Exclusion from Compensation
Insurance will not compensate in the following cases:
- Intentional acts causing damage by the vehicle owner, driver, or injured party.
- The driver intentionally flees after causing an accident and has not fulfilled civil responsibilities.
- The driver is unqualified, does not have a driver’s license, or uses an invalid driver’s license.
- Damage caused by driving the vehicle while intoxicated or under the influence of drugs.
- Damage caused by war, terrorism, or earthquakes.
Conclusion
Truck liability insurance fees are an important factor that truck owners need to understand. Participating in insurance fully and in accordance with regulations not only helps protect the rights of truck owners but also ensures safety for society. Contact Xe Tải Mỹ Đình now for detailed advice on truck liability insurance packages that best suit your needs.
