Example Premium Rates
- 36-year-old Teacher
- 5-year-old license
- 60% NCD Third-party insurance
2021
Tesla Model 3 Long Range
Original price $4,455-35.35%
$2,880
- 50-year-old Civil servant
- 10-year-old license
- 60% NCD Third-party insurance
2017
Audi A4 Sedan
Original price $1,248-37.74%
$777
- 30-year-old Accountant
- 2-year-old license
- 0% NCD Third-party insurance
2022
Toyota Sienta
(worth $300,000)
Original price $10,719-19.21%
$8,660
Why Insured By Kwiksure
Founded in 2000, Kwiksure is a leading motor insurance broker in Hong Kong comparing third-party and comprehensive motor insurance plan quotes from over 60 insurers in Hong Kong. As a broker, we always prioritize the interests of our customers as we guide you towards securing the best plan based on your budget, driving experience, and individual needs.
-
Experience in Motor Insurance
22 years -
No. of Awards
12 -
No. of Clients
180,000 -
No. of Partner Insurers
60+
Kwiksure Car Insurance Benefits
-
Low auto insurance premium
as low as $777 with low deductibles (excess)
-
Diverse plans available
ranging from young drivers, P-license holders, Learner’s License holders, electric cars, SUVs, second-hand cars, and sports cars to commercial vehicles
-
Extensive coverage
including vehicle damage, third-party liabilities, bodily injuries, and property damage
-
Unbiased insurance advice
impartially compare quotes from over 60 insurers with a client-first philosophy
-
Flexible benefit options
extra add-on benefits available, such as “personal accidents and medical coverage”, “motor windscreen coverage”, “accidental hospital cash benefit”, and “zero depreciation repair benefit (excluding part depreciation expenses)”
Kwiksure Car Insurance Benefits
-
First-year new for old coverage
replacing your car, which is stolen or has suffered total loss in an accident, with a car of the same make and model without deducting any depreciation
-
5-day rental coverage
your rental car costs will be covered when your car is under repair after an accident
-
NCD/NCB protecto
NCD/NCB will not be deducted if the claim does not exceed a specific amount
-
Wide insurance coverage area
can extend to Guangdong province including Macau
-
24-hour roadside emergency assistance
round-the-clock towing service for vehicles that need repairs on the road
-
Simple claims and renewal process
Chinese and English assistance and advice from our car insurance experts
Comparing third-party and comprehensive motor insurance
Coverage |
Third-party insurance |
Comprehensive Insurance |
I. Basic Coverages |
||
| Vehicle Damage, Fire and Theft Protection |
×
|
√
(not exceeding car value) |
| Third-party Bodily Injury and Property Damage* |
√
|
√
|
II. Additional Coverages |
||
| Driver Personal Accident Coverage |
×
|
Up to HKD 200,000 |
| Auto Repair Centre of your Choice |
×
|
√
|
| NCD/NCB Protector |
×
|
√
|
| Front Windscreen Coverage |
×
|
Maximum HKD 5,000 |
| Third-party Liability Claims Recovery Service |
×
|
√
|
| New For Old Replacement |
×
|
√
|
| Temporary Substitute Vehicle | Free Referral | Maximum HKD 5,000 |
| 24-hour Roadside Emergency Repair Service |
×
|
√
|
| 24-hour Towing Service |
×
|
√
|
Comprehensive Motor Insurance Comparison of Major HK Insurers
Allianz
AIG
AXA
Bluecross
Bolttech
Liberty
MSIG
Ping An
Zurich
Allianz
AIG
AXA
Bluecross
Bolttech
Liberty
MSIG
Ping An
Zurich
|
Damage to third party’s property |
$2 million |
||||||||
|
Death or physical injury to third party |
$100 million |
||||||||
|
Loss/damage of your car |
Sum Insured/car market value |
||||||||
|
Towing service & delivery after repair |
$2,000 |
Up to 20% of the agreed cost of repair |
Up to 20% of the agreed cost of repair |
$2,000 |
$2,000 |
Via insurer's towing hotline $1000 |
$2,000 |
Via insurer's towing hotline $2000 |
$2,000 |
|
Medical expenses |
$10,000 |
$2,000 |
$4,000 |
$5,000 |
$2,000 |
$2,000 |
$5,000 |
$2,000 |
$2,000 |
|
Personal accident to named driver |
$250,000 |
$200,000 |
$100,000 |
$200,000 |
$100,000 |
$100,000 |
$100,000 |
/ |
$100,000 |
|
NCD Protection |
$100,000 |
$50,000 or 15% of sum insured, whichever is less |
$60,000 or 20% of market value, whichever is less |
$75,000 or 20% of sum insured, whichever is less |
$60,000 or 15% of sum insured, whichever is less |
$50,000 |
|||
|
Windescreen replacement |
$5,000 |
$4,000 |
$5,000 |
$3,000, only for designated repairers |
Free for designated repairers |
||||
|
New for old replacement |
Yes |
||||||||
|
Rental Car |
$1,000 per day; Max 5 days |
$500 per day; up to $3,500 in total |
Up to $1,000 per day; and $4,000 per accident; with 20% excess of rental costs |
Up to $1,000 per day; and up to $6,000 per accident; with 20% excess of rental costs |
Up to $1,000 per day; and up to $5,000 per accident; with 20% excess of rental costs |
Up to $4,000 per accident; with 20% excess of rental costs; or up to $2,000 taxi fare |
|||
|
Others |
/ |
/ |
/ |
/ |
Hospital cash benefit of $200 per day, up to $2,000 |
/ |
/ |
Deduct $3,000 excess or 20% for designated repairers |
/ |
* All the above amounts are in Hong Kong dollars. The scope of coverage is for reference only and is subject to the final terms of the insurance company.
^ Applicable in case of theft or total loss due to an accident, compensation will be made with a new vehicle of the same model.
Motor Insurance Application Process
Learn to secure motor insurance in Hong Kong with three simple steps.
1
2
3
Get a quote online
Enter the details of the car driver and the vehicle on our online platform. You should receive an instant quote, or a quote via phone or email on the next working day.
Enter information & obtain a cover note
After entering the information of the insured and adding named driver(s) (if any), you can proceed with the payment. Normally, you should receive a cover note within half an hour at the earliest, provided you have submitted all necessary documents and made the payment.
Receive your cover note in as little as 30 minutes
Submit supplementary information & receive a formal insurance policy
You will be required to provide additional information within 15 days from the policy start date. We will send the official policy to you once we have verified the information.
Within 15 days,
Official policy will be sent out after verification of information
Q&A Section
-
If I am worried that my third-party insurance policy does not offer sufficient coverage, how do I upgrade it?
By paying a slightly higher premium, a third-party insurance policyholder can insure against additional items, including:
- 24-hour Car Support Coverage: Emergency roadside assistance, towing service, rental of a substitute car in place of the accidentally damaged car, and personal accident coverage of up to HK$270,000 for the policyholder and other passengers on board.
- Windshield Coverage: Heavy vehicles abound on the highways of Hong Kong, so your windshield may be exposed to rock chips. The Windshield Coverage provides compensation for accidental windshield damage of the insured vehicle, which amounts up to HK$3,000 per accident. What’s more, there is no deductible!
-
What factors affect the premium of car insurance?
Two major factors will affect car insurance premium, including but not limited to:
- In terms of the car owner：their age, driving experience, occupation, NCD, illegal driving record, past insurance record, etc.
- In terms of the insured vehicle：its manufacturer, model, vehicle age, insurance type (a third-party or comprehensive insurance), horsepower, etc.
-
Does it count toward my driving experience if I don’t drive during that period?
Yes, it does. The insurance company cannot verify the actual driving experience of the insured solely based on how long the driver's license has been issued (since some drivers gain driving experience by borrowing a friend's car or renting one, or they may not have actual driving experience at all).
Therefore, the insurance company assumes that a driver starts accumulating driving experience from day one of obtaining her or his driver's license. So, it does not matter even if you don’t drive at all.
-
Is there any special restriction on probationary drivers?
In addition to the usual limitations for a probationary driver, they will also be liable for a deductible for "inexperienced drivers". The inexperienced driver refers to one who has "less than two years of driving experience", so probationary drivers are considered as ‘inexperienced’ by this criterion.
Besides the deductible for inexperienced drivers, probationary drivers should also take note of the insurance premium.
Above all, probationary drivers should list their names in the insurance policy. If any untruthful/dishonest action has been committed just to save money, the insurance company has the right to refuse compensation because the policyholders have breached the doctrine of utmost good faith.
-
How do you calculate the no-claim discount (NCD) / no-claim bonus (NCB) of private cars and motorcycles?
*No-claim discount (private car/taxi) *No-claim discount (motorcycle/commercial (e.g. goods vehicle) 1st year (first purchase) 0% 0% 2nd year 20% 10% 3rd year 30% 20% 4th year 40% 30% (max) 5th year 50% 30% (max) 6th year 60% (max) 30% (max) -
Does a cheap premium necessarily mean the inability/illeligibility to claim after a crash?The success of the claim is not directly related to the premium rate. Should you have any doubts about the authenticity of your policy, please inquire with the insurance company or the relevant regulator. Kwiksure has been prospering in the car insurance industry for over two decades. It is headquartered in a 10,000 sq. ft. office in East Kowloon. We highly value integrity. Kwiksure would fully disclose any special clause that "only covers the driving of registered drivers", if the insurance policy does contain it, before the customers enroll in it.
-
What should a new car owner pay attention to?Should I first buy the insurance or transfer the ownership? What is the NCD? Can I ask my family member to be my policyholder? Is my license long enough? Am I old enough? Is the car insurance expensive for this model? Can I possibly get insured? If you have any questions about car insurance, please browse our insurance encyclopedia, or feel free to call our experienced and down-to-earth consultants. We are eager to answer any questions you have questions with patience.
Car Insurance: Comprehensive vs Third Party
Comprehensive Car Insurance
Comprehensive car insurance gives more extensive cover than a third party or a third party fire and theft insurance policy. Read on to learn more about the benefits of these plans and why drivers in Hong Kong prefer this type of car insurance.
Third Party Car Insurance
Third-party car insurance, also known as third party insurance, covers policyholders against compensation claimed by third parties for bodily injury or property damage as a result of a traffic accident. Click to learn the benefits of this type of car insurance.
Car Insurance
- How to handle a car crash in Hong Kong
- No Claims Discount (NCD/NCB)
- Compare car insurance in HK: What factors may affect your auto insurance premium
- Deductibles and Excess
- Vehicle Registration
- Penalty Points
- Vehicle Depreciation
- What to do when your car insurance is about to expire?
- Car Insurance Claims Guidelines
Must-read for new drivers
- 2023 vehicle license fees, renewal documents and methods
- How P license drivers should look for the right car insurance plan
- Now that you have passed your driving test, what’s next?
- Car ownership: what you need to know about purchasing a vehicle in Hong Kong
- Vehicle examination in Hong Kong: Requirements and Procedures
- Steps in buying a used car and precautions to take in 2023
- What to look for when taking a test drive
Electric Vehicle Insurance
- Why electric car insurance costs so much and how to save money there
- Tesla has raised prices again! The 2022 one-for-one prices for the latest Model Y/3/S/X + pre-order details for Roadster / Cybertruck (continuously updated)
- Tesla's insurance costs, maintenance costs, and charging stations distribution
- Tesla Car Fire in Hong Kong: Does My Car Insurance Cover Motor Fire?