Car repair costs are steadily rising, especially for vehicles equipped with advanced technologies and electronic components. This trend makes car body insurance a preferred solution for many vehicle owners, aiming to alleviate financial pressure in the event of collisions or unforeseen incidents.
However, as the automotive market expands, the array of insurance products also diversifies. Each insurance provider offers distinct coverage, benefits, and premium rates, posing a challenge for many vehicle owners in researching and selecting suitable options.
To simplify this process, MoMo now offers an online car body insurance solution directly on its application. Users can explore insurance products from 9 partners, including Liberty, PVI, Bao Viet, and MIC. The platform allows them to understand the benefits, coverage scope, and corresponding fees, all within a unified interface.
 |
Users can compare insurance packages directly on the MoMo app. MoMo |
Users can compare insurance packages directly on the MoMo app. MoMo
Customers can access the car insurance section on MoMo to receive quotes tailored to their vehicles. The platform also runs promotional programs to help with insurance costs, offering discounts of up to 3 million VND at various times.
The entire registration and payment process is conducted online. Users can complete the steps to purchase insurance in minutes, requiring minimal paperwork.
A MoMo representative stated that the application system uses AI technology in some assessment stages to enhance transparency and expedite processing times. Users can also receive advice on benefits such as hydro-lock insurance, parts theft coverage, or other supplementary clauses to select a product that fits their needs.
 |
Luxury cars, electric vehicles, and high-tech cars often have higher insurance premiums due to significant repair costs. MoMo |
Luxury cars, electric vehicles, and high-tech cars often have higher insurance premiums due to significant repair costs. MoMo
According to insurance providers, car body insurance premiums depend not only on the vehicle's value but also on repair costs, spare parts prices, equipped technology, and the risk level of each vehicle. Vehicles fitted with advanced driver-assistance technologies, luxury cars, or electric vehicles typically incur higher repair costs, which in turn affects their insurance premiums.
Moreover, the vehicle's age, claims history, and the range of benefits chosen by the customer are also factors considered when determining premiums. Consequently, many vehicle owners are increasingly focused on thoroughly understanding the terms and protective benefits before deciding to purchase insurance.
MoMo representatives noted that this solution aims to help users access insurance products more conveniently and easily select a protection package suitable for their vehicles.
