Motorcycle Insurance 2021: How Much Does It Cost?

View Post in Vietnamese: >> Bảo hiểm xe máy 2021 giá bao nhiêu?

I would like to ask: Currently, how much does motorcycle insurance cost? Thank you.

According to Circular 04/2021/TT-BTC, the insurance fees depending on each type of vehicle are as follows (excluding 10% VAT):

- Motorbikes under 50cc, electric motorbikes: 55,000 VND;

- Motorbikes over 50cc: 60,000 VND;

- Other types of motorbikes: 290,000 VND.

Thus, the mandatory motorbike insurance is priced as above. The price of voluntary motorbike insurance depends on the insurance contract between the citizen and the insurance business.

Sincerely!

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