The 4 Best Motorcycle Insurance Providers in Vietnam to Keep Your Ride Protected
Motorbikes are a way of life in Vietnam — it’s quick, it can easily push through heavy traffic, and it’s the most convenient way to travel. I’m not even exaggerating, but millions of them dominate the streets.
With that said, there’s a high rate of motorcycle accidents in the country, and they consequently became the leading cause of death compared to other types of road vehicles.
No one likes to think about the worst thing happening, but if you’re planning to ride a motorcycle in Vietnam, you should highly consider getting motorcycle insurance, so you’re protected wherever you go.
How much does motorcycle insurance cost in Vietnam?
The mandatory insurance in Vietnam can cost around 55,000 VND per year, while other voluntary insurance can go from 200,000 to 300,000 VND per year.
1. BIC
Address: 101 Lê Hồng Phong, Đông Thành, Ninh Bình
Phone: +842293888268
BIC is one of the leading local companies when it comes to vehicle insurance. For motorcycle insurance, BIC offers several products, including the legally required third-party liability insurance and other optional products for added protection.
One of them is the “Motorcycle Physical Damage Insurance,” which covers accidental damage, fire, theft, and expenses for towing. Although this option is only applicable to motorcycles with a valid registration under 7 years old.
There’s also the personal accident insurance that covers expenses related to death or bodily injuries from a traffic accident.
BIC’s motorcycle insurance can be purchased online, via mobile app, in-person, or through BIDV SmartBanking.
If you’re looking for a reliable insurer with a strong and stable foundation, BIC is a great choice. It has a great reputation in Vietnam, and most of the time, their product and claims processing are seamless.
Great
“Branded and reputable business, enthusiastic customer care, and consulting.”
Quang Hung, Google Reviews
Very good
“Very good service quality, takes care of customers anytime, anywhere.”
Bich Puong, Google Reviews
2. Liberty Insurance
Address: Vincom Office Building, 45A Lý Tự Trọng, Bến Nghé, Quận 1, Hồ Chí Minh
Phone: +841800599998
Business hours: Monday to Friday, 8:30 AM–12 PM, 1–5:30 PM
Liberty Insurance’s motorcycle insurance products are called MotoCare, a voluntary insurance plan with coverage for physical damage and accidents. This can be purchased alongside the mandatory policy.
MotoCare covers accidents, theft and robbery, fire, and natural disasters.
Although the coverage is comprehensive, it’s one of the most affordable annual premiums, starting from 320,000 VND up to 8 million VND for additional protection.
If you’re looking for straightforward yet effective motorcycle insurance coverage, Liberty Insurance is a safe choice.
The company was acquired by Chubb as of March 2025, which means its financial foundation is stronger and more stable.
However, it’s important for customers to be mindful of service inconsistencies since the merge with Chubb is still relatively new as of this writing.
I highly recommend them.
“The best insurance provider in Vietnam for foreigners. Very friendly staff. Great service. It is hard to find good insurance in Vietnam.”
Jean Michoud, Google Reviews
Supportive representative.
“Super prompt process of e-claim. Highly appreciate Liberty service quality when my kids had to see the doctors.”
Dieu Linh, Google Reviews
3. Tokio Marine
Address: 29a Nguyễn Đình Chiểu, Đa Kao, Quận 1, Hồ Chí Minh
Phone: +842838221340
Business hours: Monday to Friday, 8 AM–5:30 PM
Tokio Marine is a non-life insurer that originated in Japan. In fact, its Vietnam branch is a joint venture between the Japan Branch and Bao Viet.
Just like other insurers in Vietnam, Tokio Marine also offers the mandatory policy and other optional policies for additional coverage and protection.
Tokio Marine’s products are considered “fuller” than the basic policy since its motorcycle insurance includes multiple components: coverage on the motorcycle itself, third-party liability, medical expenses, and other benefits.
One interesting offer from Tokio Marine is their partnership with Motul, a lubricant brand. This provides free accident insurance for Motul customers for the first 3 months, covering death or hospitalization from an accident while riding.
Tokio Marine’s claims process can be submitted through their 24/7 hotline. However, some steps, especially the documentation, can be a little extensive (police reports, claim form, etc.)
Good service
“Technical advice, professional service, clear process, quick compensation.”
Huong Tran, Google Reviews
Good
“Enthusiastic consultation & quick compensation settlement.”
Trang Nguyen, Google Reviews
4. Bao Viet
Address: Tòa nhà Bảo Việt, 233 Đồng Khởi, Phường, Quận 1, Hồ Chí Minh
Phone: +842839146888
Business hours: Monday to Friday, 8 AM–5:30 PM
As Vietnam’s oldest and largest insurance company, Bao Viet offers a variety of motorcycle insurance products for individuals and businesses, including the mandatory CTPL.
For the additional/optional packages, Bao Viet offers physical damage insurance and accident insurance for occupants.
The accident insurance for occupants is more ideal for businesses, as it provides compensation for injuries or death to both the rider and their passengers.
For claims, Bao Viet provides a 24/7 hotline for rescue and towing services.
The biggest advantage with this company is that Bao Viet is the only insurer in Vietnam that’s authorized to issue a blue card, which means that your liability insurance is recognized if you cross the border into any ASEAN country.
Bao Viet is a strong option with interstate influence and multiple locations in Vietnam. The disadvantage here is that customer experience may vary depending on the branch, so not all customer interactions may meet the same standard.
Great
“Truly a very comfortable place, easy to find, extremely clean, and friendly. The investment products are very diverse, and the staff are very enthusiastic and attentive.”
Hung Tri, Google Reviews
Great people
“The place has a simple appearance but always scores points thanks to its dedication, clear procedures, and the sense of security that customers feel when they arrive.”
Lan Nguyen Khanh, Google Reviews