Kwiksure is pleased to announce the release of our most anticipated infographic for first-time drivers. Designed by our excellent team of experts, this infographic serves to educate our readers on the things that first-time drivers should know about when getting car insurance. Read on to gain further insight into what our infographic offers!
Car insurance is legally required in Hong Kong
Getting car insurance before you start driving is a must. Never risk going on the road without at least the most basic car insurance cover. According to section 4(1) of the Motor Vehicle Insurance Ordinance, drivers must at least have third party car insurance, which covers the insured against their liability for bodily injury or death to third parties.
Drivers that are caught driving without valid car insurance may be liable to a fine of:
- HKD $10,000, and/or
- Imprisonment for 12 months.
A driver convicted could be disqualified from driving for one to three years.
Types of car insurance in Hong Kong
When choosing car insurance, you must carefully assess your risk and what you want covered the most. If you want total cover, then the most appropriate choice would be comprehensive car insurance. However, the most basic cover, which is third-party car insurance, is also available. Check out our third-party versus comprehensive car insurance blog for a direct comparison to aid your understanding.
Insurance premiums are expensive for first-time drivers
For first-time drivers with a Probationary Driving License (PDL), getting car insurance is an expensive investment, but a necessary one to say the least. When driving for the first time, you are statistically at a high risk of being involved in an accident, hence why car insurers push up premiums so high.
If you are looking for ways to keep your premiums down as low as possible, here are a few tips mentioned in our infographic to check out:
- Wait it out
- Add an older driver
- Choose a car that is cheaper to insure
Questions? Feel free to ask our experts
For further information pertaining to securing car insurance for first-time drivers, feel free to reach out to our team of experts.
With over 20 years of experience in the insurance industry, Kwiksure is an established insurance brokerage that specializes in motor insurance, travel insurance, home insurance, voluntary health insurance, and more.
Not only do you have full access to our free online quotation system to compare prices of various insurance plans, but you can also learn and enhance your knowledge through the regular release of our blog articles and infographics. Contact us today for an impartial quote and insurance advice.