Hong Kong Car Insurance for expats
Purchasing a vehicle in Hong Kong
As an expat, buying a car can be one of the most liberating decisions you’ll make when it comes to living in Hong Kong - suddenly those long trips to places like Sai Kung and Yuen Long won’t seem too far away at all! However, many foreigners are unsure of the laws around car ownership and the types of auto coverage available. Our partner company, Kwiksure, is Hong Kong’s leading expert in Hong Kong car insurance. Their experienced advisors are available to help you feel more secure when you’re behind the wheel.
HK car insurance: Third party or comprehensive car insurance?
In Hong Kong, it is a legal requirement to obtain a minimum level of car insurance coverage when purchasing a vehicle. There are a number of solutions available to car owners, the main two being:
Third party car insurance - These policies will mostly just cover the basic level of legal mandatory insurance, and covers the policyholder against claims made by third parties for injuries, death, and damaged property.
Comprehensive insurance - Comprehensive policies will cover policyholders for damages to third parties, while also allowing for claims of personal injury or damage to property.
There’s a lot more to these types of policies, including exclusions or optional benefits, that will vary from insurer to insurer, however either one will ensure you meet the Hong Kong government laws for car owners. Things to consider when thinking about car insurance is:
Unknown drivers - Generally, friends or family driving your car will not initially be covered by your insurance policy, however it is entirely possible to add up to four drivers on a policy (usually at an extra charge).
Coverage of personal belongings - Policies in Hong Kong do not cover compensation for personal belongings left in your vehicle in the event of theft or damage. In fact, factory installed components (such as car stereo systems) will be covered but aftermarket items may not be unless they are listed when you secure a policy.
Car insurance is tied to a single vehicle - If you happen to be involved in an incident whilst driving a car not registered under your policy, insurers will not cover the damage incurred to any parties.
Our partner Kwiksure is a leading insurance broker in Hong Kong, working with over 60 top global insurance companies to deliver the highest quality products and services to individuals, families and groups, and companies all around the Asia Pacific region. Their staff of committed expert advisors will work to find you an insurance solution that is the right fit for your needs. How can Kwiksure help you?
Customer focused - As a broker, Kwiksure works to further your interests - not the insurers. Working with one of their advisors, you can be confident that you will be given the highest quality, unbiased advice to help you make decisions about your coverage.
Access to the most reputable insurers - Kwiksure’s partners are names that you know and trust, many of whom have years of experience and provide coverage around the world.
Experience serving Hong Kong drivers - Their advisors have been providing exceptional service to drivers in Hong Kong for over 15 years.
Kwiksure can also find you coverage for other motor vehicle types, including motorcycles and boats, and will provide you with assistance with renewals or processing claims even after you’ve purchased your policy. For a free, no obligation quote contact our partners at Kwiksure today.