Motorcycle insurance is a familiar term. According to legal terms, motorcycle insurance has 2 types: civil liability insurance of motor vehicle owners (compulsory). Without this type of insurance, people will be fined according to the provisions of law.
The second type of insurance is voluntary motorbike insurance. Traffic participants can buy more to bring benefits to pay financial compensation for property or people on the vehicle (including vehicle owners and passengers) when encountering accidents, fire or robbery. Not buying this insurance, people will not be fined. Conversely, if there is only voluntary insurance and no compulsory civil liability insurance for motor vehicle owners, people will still be fined.
A survey by Lao Dong Newspaper on April 6, 2026, on electronic information pages of insurance companies such as Bao Viet Insurance; PTI Insurance of Post and Telecommunications Insurance Corporation; GIC Insurance; Military Insurance MIC; PVI Insurance Corporation; VNI Insurance of Aviation Insurance Corporation... all have civil liability insurance products for motor vehicles (including motorbike insurance).
Motorbike insurance premiums are still set according to the provisions of Decree 67/2023/ND-CP.
Accordingly, at the time of April 6, 2026, the common motorbike insurance premium for vehicles over 50cc of brands is at the same price of 66,000 VND/year.
Motorbikes under 50cc: 60,500 VND/year.
Large displacement motorcycles, 3-wheeled motorcycles and other types of vehicles over 175cc: 319,000 VND/year.
Regarding voluntary motorbike insurance premiums, different companies have different prices (depending on services and accompanying agreements).
People need to note that, according to the provisions of Decree No. 168/2024/ND-CP, effective from January 1, 2025, the motorbike insurance fine level is as follows:
A fine of between 200,000 VND and 300,000 VND shall be imposed for one of the following violations:
Drivers of motorbikes, mopeds (motorbikes) of similar types to motorbikes and similar types of motorbikes engaged in transportation business who do not carry the valid compulsory civil liability insurance certificate of the motor vehicle owner.
Drivers of motorbikes, mopeds, similar types of motorbikes and similar types of mopeds who do not have a valid compulsory civil liability insurance certificate of the motor vehicle owner.
