[Is Ping An Car Insurance Good?] Car Insurance 2026 Review | Coverage and Features Comparison

Ping An Insurance (Hong Kong) was established in Hong Kong in 1981 as an overseas subsidiary of the Ping An Group. The parent company was founded in Shenzhen in 1988 and is China’s first joint-stock insurance enterprise. Today, Ping An Insurance (Hong Kong) offers a wide range of insurance products, including not only motor insurance but also travel, home, domestic helper, and pet insurance.

In 2009, Ping An launched its online motor insurance platform, transforming the traditional way of purchasing insurance. Its key offerings include third-party and comprehensive coverage for private cars, along with 24-hour emergency assistance, towing, and claims recovery services. In recent years, the company has expanded its Northbound Travel for Hong Kong Vehicles offerings to align with the “Driven to the North” (Hong Kong–Mainland Cross-Boundary Driving Scheme) policy, introducing plans such as “HK–GBA Easy Drive,” which provides additional coverage like recognized equivalent add-on protection and vehicle damage cash subsidies.

Ping An Insurance Third-Party Liability Insurance Plan coverage includes accidental death or bodily injury to a third party, as well as damage to the property of others, but excludes damage to the insured's own vehicle and medical expenses. In addition, Ping An Insurance's auto insurance provides the insured with 24-hour emergency services, towing, and windshield replacement services.

Ping An Insurance Comprehensive Insurance Service Plan in addition to providing third-party liability insurance, it also covers medical expenses for bodily injury caused by traffic accidents and repair costs for the insured's own vehicle caused by accidents. Other additional coverages include No Claims Discount (NCB Protector) and trade-in compensation (applicable only to brand new vehicles). Selected comprehensive insurance plans also include extended key coverage, full glass protection, and 24-hour roadside emergency assistance.

Ping An Comprehensive Car Insurance – No Claim Discount (NCD) Protection

Ping An’s comprehensive car insurance includes a No Claim Discount (NCD) Protection feature. Under the standard terms, if the claim amount within a year does not exceed HK$60,000 or 15% of the sum insured, policyholders can retain their existing No Claim Discount (NCD).

In addition, for cross-border plans such as “HK–GBA Easy Drive”, all claims arising in Mainland China are processed separately and will not affect the NCD in Hong Kong.

*Applicable only to designated service providers

Example 1: Gasoline seven-seater vehicle

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).

*The above quotes are for reference only as of February 13, 2026. All information is subject to the announcements of the relevant insurance companies.

Example 2: Electric vehicle

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.

*The above quotes are for reference only as of February 13, 2026. All information is subject to the announcements of the relevant insurance companies.

With over 25 years of experience specializing in insurance plans, Kwiksure compares more than 60 insurance companies and offers highly competitive premiums for both comprehensive and third-party car insurance.

Comprehensive insurance

*All information is subject to the announcements of the relevant insurance companies.

Third-party liability insurance

*All information is subject to the announcements of the relevant insurance companies.

Advantages

• Ping An allows policyholders to purchase insurance online or by phone anytime and anywhere, offering greater convenience and flexibility.

• The Ping An third-party plan includes benefits such as windscreen replacement, 24-hour free towing, and emergency roadside assistance — features not always covered by standard third-party plans in the market.

• The comprehensive plan provides windscreen protection, NCD protection, key replacement, and a temporary replacement vehicle — all of which are highly practical for car owners.

• The “HK–GBA Easy Drive” cross-border plan offers equivalent recognition add-on coverage and vehicle damage cash subsidies, making it ideal for drivers who frequently travel between Hong Kong and Mainland China.

Drawbacks

• Ping An currently does not offer EV-specific coverage such as protection for electric chargers or related components.

• Compared with other insurers, Ping An’s windscreen coverage limit is relatively lower.

The official Ping An Insurance Hong Kong website offers instant car insurance quotations and allows users to purchase policies online. Policyholders can also submit insurance claims directly through the website. In addition, the site provides a variety of insurance product information, the latest promotional offers, and useful insurance-related resources.