The motor insurance coverage provided by each insurance company varies. How should you make the right choice? Kwiksure takes you for an in-depth look at the coverage and pricing of Bank of China's 2026 motor insurance, evaluating the pros and cons of BOC motor insurance to help you select the most suitable car insurance scheme.
Established in 1992, Bank of China Group Insurance Company Limited is a wholly-owned subsidiary of Bank of China. The company possesses full-license operating capabilities and has been awarded an "A-" international credit rating by S&P Global Ratings for consecutive years. Its business volume has long ranked among the top positions in Hong Kong's general insurance market, and it owns the well-known sub-brand, BOC Life.
Underwritten by Bank of China Group Insurance, BOC Motor Insurance provides a one-stop service through Bank of China (Hong Kong)'s online and offline networks. The plans offer "Third-Party Liability Insurance" and "Comprehensive Insurance" respectively, with third-party bodily injury or death coverage reaching up to HK$100 million. Comprehensive Insurance additionally covers damage to your own vehicle and provides windscreen protection with zero excess. Furthermore, in response to the "Northbound Travel for Hong Kong Vehicles" policy, it offers the "Bay Area Transit Motor Insurance" (Unification of Recognition Extension Coverage) with a maximum coverage amount of RMB 5 million, providing car owners with comprehensive travel protection.
The Bank of China Car Insurance Third-Party Liability Insurance Plan covers third-party death or bodily injury caused by an accident, as well as damage caused to other people's property. It does not include damage to the insured's own vehicle or their own medical expenses. In contrast, BOC Insurance's Third-Party Car Insurance provides the insured with 24-hour emergency services, towing, and windscreen replacement services.
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BOC Car Insurance's Third Party Insurance Coverage |
|
|
The third party dies or is injured. |
HK$100 million |
|
Third-party property loss |
HK$2 million |
In addition to providing third-party insurance coverage, the Bank of China Car Insurance Comprehensive Insurance Service Plan provides coverage for medical expenses resulting from bodily injury caused by traffic accidents, as well as repair costs generated when the insured's own vehicle suffers loss or damage due to an accident. Other extra coverages include No Claim Discount Protection (NCB Protector) and New for Old Compensation (applicable to brand new vehicles only). Designated comprehensive plans also come with full vehicle glass protection and 24-hour emergency roadside assistance services.
|
BOC Car Insurance Comprehensive Insurance Coverage |
|
|
The third party dies or is injured. |
HK$100 million |
|
Third-party property loss |
HK$2 million |
|
Damage to one's own car |
✔ |
|
Windshield and window protection |
✔ |
|
Temporary replacement vehicle guarantee |
✔ |
|
No-claim discount protection (NCD protection) |
✔ |
|
Car Key Protection |
✔ |
|
24-hour emergency support |
✔ |
|
New car replacement in the first year |
✔ |
|
Zero depreciation and maintenance |
✔ |
The standard for the "No Claim Discount Protection" (NCD Protection) under Bank of China's Comprehensive Car Insurance allows the policyholder to retain their original No Claim Discount (NCD), provided that claims within a single policy year do not exceed HK$80,000 or 20% of the sum insured. At the same time, for cross-border products such as the "Bay Area Transit Motor Insurance", all claims made in mainland China will be processed independently and will not affect the Hong Kong NCD.
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Comparison of general car insurance and Bank of China's comprehensive car insurance with no-claim discount coverage (private car) |
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|
No-claim period |
Typical car insurance discount levels |
Bank of China Auto Insurance Comprehensive Insurance Plan Discount Levels |
|
Less than a year |
0% |
0% |
|
One year |
20% |
20% |
|
For two consecutive years |
30% |
30% |
|
Three consecutive years |
40% |
40% |
|
Four consecutive years |
50% |
50% |
|
Five consecutive years |
60% |
60% |
|
No-claim discount protection |
HK$50,000 to HK$60,000 per year |
The total claim amount is less than 80,000 or 20% of the insured amount. |
*Applicable only to designated service providers
|
Insurance Plan |
Third Party Insurance |
Comprehensive Insurance |
|
Third-party liability |
||
|
The third party dies or is injured. |
HK$100 million |
HK$100 million |
|
Third-party property loss |
HK$2 million |
HK$2 million |
|
Serve |
||
|
24-hour emergency roadside assistance |
✖ |
✔ |
|
24-hour free towing service |
✖ |
✔ |
|
Insured's own and vehicle accidents |
||
|
Damage to one's own car |
✖ |
✔ |
|
Personal accident |
✖ |
✔ |
|
Medical expense reimbursement |
✖ |
✔ |
|
Windshield and window protection |
✖ |
✔ |
|
Repair |
||
|
Trade-in guarantee |
✖ |
✔ (Applicable to brand new cars) |
|
Zero-depreciation parts repair |
✖ |
✔ |
|
Other protections |
||
|
No-claim discount protection |
✖ |
✔ |
|
Claim recovery services |
✖ |
✔ |
For example, a 35-year-old driver with a 6-year driving history, 60% NCD, and a 2023 Toyota Sienta (insured amount of HKD 250,000).
|
Insurance Company |
Third Party Insurance |
Comprehensive Insurance |
|
$1,942 |
$5,328 |
|
|
$1,643 |
$4,562 |
|
|
$1,826 |
$3,977 |
|
|
$2,062 |
$5,933 |
|
|
$2,401 |
$4,328 |
|
|
$1,700 |
$5,210 |
|
|
$2,337 |
$5,709 |
*The above prices are for reference only as of June 3, 2026. All information is subject to the announcements of the relevant insurance companies.
For example, a driver who is 50 years old, has a 10-year driving license, 60% NCD, and has a BYD Seal (insured amount of HKD 300,000) in 2023.
|
Insurance Company |
Third Party Insurance |
Comprehensive Insurance |
|
$1,500 |
$4,336 |
|
|
$1,643 |
$4,386 |
|
|
$5,470 |
$5,589 |
|
|
$2,062 |
$5,690 |
|
|
$2,032 |
$2,814 |
|
|
$1,700 |
$4,760 |
|
|
$2,091 |
$5,485 |
*The above prices are for reference only as of June 3, 2026. All information is subject to the announcements of the relevant insurance companies.
Kwiksure Over 25 years of exclusive operation Insurance Plan Based on experience, we compared premiums from over 60 insurance companies to find exceptionally low premiums for comprehensive and triple coverage.
|
Insurance Company |
Self-insurance for vehicle damage |
No-claim discount protection |
Medical expense reimbursement |
Car rental/charter guarantee |
Automotive glass |
Lost car keys |
|
✔ |
$80,000 or 20% of the insured amount |
✔ |
✖ |
Windshield/Window ($5,000) |
✖ |
|
|
✔ |
$60,000 or 15% of the insured amount |
✔ |
$1,000, maximum $5,000 |
All car windows ($3,000) |
$10,000 |
|
|
✔ |
$100,000 |
$10,000 |
$1,000 per day, maximum 5 days |
Windshield/Window ($5,000) |
✖ |
|
|
✔ |
$60,000 or 15% of the insured amount |
$2,000 |
80% of the rent (maximum coverage of $1,000 per day, maximum coverage of $5,000 per incident). |
Windshield ($5,000) |
✖ |
|
|
✔ |
$60,000 or 20% of the insured amount |
$4,000 |
$4,000 per accident or per coverage period (maximum $1,000 per day) |
Windshield ($5,000) |
✖ |
|
|
✔ |
$60,000 or 15% of the insured amount |
✖ |
80% of the rent (maximum coverage of $1,000 per day, maximum coverage of $5,000 per incident) |
Windshield / Sunroof ($5,000) |
✖ |
|
|
✔ |
$50,000 or 15% of the insured amount |
$2,000 |
$500/day |
Windshield (no change required) |
$2,000 |
*All information is subject to the announcements of the relevant insurance companies.
|
Insurance Company |
The third party dies or is injured. |
Third-party property loss |
24-hour emergency roadside assistance |
24-hour free towing |
|
$100 million |
$2 million |
✖ |
✖ |
|
|
$100 million |
$2 million |
Up to $2,000 |
Up to $2,000 |
|
|
$100 million |
$2 million |
✔ |
Up to $2,000 |
|
|
$100 million |
$2 million |
✖ |
✖ |
|
|
$100 million |
$2 million |
✖ |
✖ |
|
|
$100 million |
$2 million |
✖ |
✖ |
|
|
$100 million |
$2 million |
Free referral |
Free referral |
*All information is subject to the announcements of the relevant insurance companies.
Strong and robust background, reliable claims process: Underwritten by Bank of China Group Insurance, which holds an "A-" international credit rating from S&P.
Launch of "Bay Area Transit" extension coverage: Car owners can directly purchase mainland China's mandatory "Traffic Compulsory Insurance" and commercial insurance through Bank of China, eliminating the need to apply separately in both regions.
"Bay Area Transit Motor Insurance" (Unification of Recognition Extension Coverage): Offers a maximum coverage amount of up to RMB 5 million.
Comprehensive insurance provides windscreen protection: Features zero excess and zero impact on NCD, with a coverage amount ranging from HK$5,000 to HK$10,000, along with a "cashless" replacement service at designated repair garages.
No substitute car or car rental allowance: Completely lacks rental or substitute car subsidies during the period when the vehicle is in the workshop for major repairs due to an accident.
No coverage for lost keys: If you accidentally lose your car keys or need to change all the locks on the vehicle, the policy will not provide compensation, and the owner must bear the full cost out of pocket.
Third-party insurance plans do not include emergency assistance: Third-party liability insurance packages do not include any 24-hour towing or emergency roadside rescue services.
The official website of Bank of China Car Insurance provides instant motor insurance quotes, allowing users to apply for coverage directly online. Insured individuals can also file insurance claims directly through the website. Additionally, the webpage provides details on various insurance products, the latest insurance promotion updates, and a variety of practical insurance knowledge.
Bank of China Car Insurance only provides 24-hour emergency roadside assistance and towing services under its Comprehensive Insurance plans.
First, you need to report the accident to the police immediately. Collect all photos and information related to the accident and the parties involved, and start the claim process on the official website within 21 days of the accident. After submitting the claim form, you will receive a confirmation email. Submit the required documents or information listed in the confirmation email as soon as possible, and Bank of China Car Insurance will notify you immediately once the approval process is completed.
The contact phone number for Bank of China Car Insurance is 3906 9918.
In response to the "Northbound Travel for Hong Kong Vehicles" policy, Bank of China Car Insurance offers the "Bay Area Transit Motor Insurance" (Unification of Recognition Extension Coverage) with a maximum coverage amount of up to RMB 5 million.
In addition to the latest offers listed on the official website of Bank of China Group Insurance, Kwiksure can also provide you with the latest promotional updates for Bank of China motor insurance plans.
Bank of China Car Insurance allows a maximum registration of 4 drivers.
Kwiksure has over 20 years of experience in the car insurance industry, comparing quotes from over 60 insurers in Hong Kong. Use our online quotation tool now to get a free car insurance quote!
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.
Eric is a content creator for Kwiksure, responsible for writing articles on various topics such as cars, travel, domestic helpers, etc., striving to provide readers with detailed and practical information.
With over 20 years of experience in the media industry and driving, Eric has worked for several newspapers, magazines, and online media outlets. Apart from his passion for writing, he also enjoys the pleasure that driving brings. On average, he drives over 40,000 kilometers per year.
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