How to find the best motor insurance provider in Hong Kong

two identical cars sit in front of a yellow garage - one is completely totaled, symbolizing the need to find the best motor insurance provider to save yourself from disaster

It’s not hard to find car insurance when you want it. The market has so many local and global players that you won’t be starved for choice when seeking out vehicle coverage in Hong Kong. What can be difficult, however, is finding the best motor insurance provider for your needs. Like any consumer market, reputable companies are out there amongst a few cowboys lurking about - so how do you know if you’re talking to the right ones?

This week’s Kwiksure article lays out what you should know when it comes to finding the best motor insurance provider for your vehicle coverage.

It’s important to first know what you’re looking for

The first step to finding the right car coverage is knowing what sort of insurance you actually need. Third party or comprehensive? Private car only or do you need some form of commercial protection? Being clear about what your needs are before you talk to an insurer, agent, or broker can help you get to a solution quickly, as well as give you more confidence when talking with industry experts.

For more information, check out our previous blog posts on the types of car insurance or how commercial vehicle insurance differs from private coverage.

Assessing a motor insurance provider

When you’re ready to start comparing car insurance companies, it helps to know what to look for. Here are our quick tips for assessing the quality of a motor insurance provider before you buy a policy:

Check out their online feedback and recommendations

A quick search for compliments or complaints online can be a good first step to finding out what an insurance provider is like. Official websites may have testimonials, Facebook pages can have user feedback, and local car forums can have lengthy discussions regarding people’s experience with a particular company. Reading other people’s opinions can help a lot, but remember take online comments with a grain of salt.

Compare similar benefits

When it comes to weighing up the options different insurers will offer, it’s really important to make sure you’re comparing similar benefits and limits. Cheaper insurers can look attractive initially but what you’ll find is that the level of coverage they offer can be much, much lower than more established motor insurance providers. While Hong Kong has a legal minimum level of insurance that all drivers must hold, getting levels that match your personal risk level can save you money in the long run.

Contact the local authorities if unsure

If you’re not 100% sure of the legitimacy of an insurance provider or intermediary, Hong Kong has a number of public and self-governing authorities that oversee the industry. The Insurance Authority is the major regulatory body in Hong Kong that covers all types of insurance in the country; the Motor Insurers' Bureau of Hong Kong offers support and advice for car insurance consumers; and the Professional Insurance Brokers Association is an approved body that oversees intermediaries and agents operating locally.

Getting assistance to compare motor insurance providers

Securing insurance can be simple but the job can be made much, much easier by engaging the help of an experienced car insurance broker. Kwiksure has been operating in Hong Kong for almost 20 years, specializing in third party and comprehensive car insurance solutions for local and expat drivers alike. The team have helped hundreds of thousands of drivers feel more secure behind the wheel with plans available from the country’s best providers.

Working with an established broker means you’ll benefit from their years of knowledge and understanding of both global and local motor insurance providers, as well as their insights into insurer service levels, policy details, and claims procedures. Intermediaries, like Kwiksure, can help make your overall car insurance experience a smooth and efficient one.

For a free quote, visit our online quotation page or contact the team to get instant help now!

The above information is for reference only. Kwiksure takes no responsibility for the accuracy and timeliness of the information. For the coverage, mode of compensation, benefit limit and premium levels of any specific insurance plan, please refer to the relevant policy terms.