Insurance Guide

We often read about traffic accidents happening during a driving lesson or even a driving test on social media and the media, where the learner’s vehicle crashes into public objects like railings or even other vehicles. In situations like those, will the driving instructor or the driving school, or the learner driver, bear the greatest responsibility? Will the insurer compensate for a car crash during a driving lesson? Is there anything to be particularly careful about when securing insurance as a learner motorcyclist? In today’s article, the experts at Kwiksure will examine these issues in detail for you.

Update: On 28 August, Tesla officially launched its own insurance program, starting with owners in California, and claimed that the rate is “up to 20% to 30% cheaper” than its competitors. Like many luxurious cars, Tesla is a mark of success. When buying a Tesla, you don’t only get a car but rather an experience. However, like many other luxury items in the world, Tesla is expensive to maintain. Its ever-growing innovations also mean that insurers will need to adapt to their technology to bring forth an honest car insurance plan . Why is it expensive to maintain a Tesla? Simply because the spare parts are very expensive, making insurance companies reluctant to come near it. On top of that, companies do not want to be liable for expensive products. In this Kwiksure article, we will discuss the issues involving external insurance companies with Tesla and how their new insurance company may be the solution to the problem.

The SAR government sets a goal to stop registering any new petrol vehicles and hybrid cars by 2035. Instead, electric vehicles (EVs) are expected to keep with the global energy-saving trend to reduce exhaust emissions. That said, a number of drivers are still concerned about the distribution of electric car charging stations in Hong Kong prior to buying one. Unlike in the West, most drivers here don't have the option to install a home electric car charger inside their garage. That's why it is a major consideration for owning an EV in Hong Kong. As electric cars in HK become the key trend, let's take a look at how to find EV charging stations, the supply/distribution of EV chargers here, its specifications for installation, as well as related costs.

Tesla announced today (9 March 2022) another round of price increases for its Model Y multi-purpose SUV and Model 3 effective 11 March, which represents another round of price hikes since the end of last year. The price changes after the one-for-one incentives are as follows: Model Y Model Original price in HKD New price in HKD (effective 11 March) Change RWD (Standard Range) $337,800 $341,800 1% Long Range $399,700 $422,920 6% Performance $502,470 $519,670 3% Model 3 Model Original price in HKD New price in HKD (effective 11 March) Change RWD (Standard Range) $307,800 $315,800 3% Long Range $367,000 $377,800 3% Performance $459,470 $476,670 4% Colors Color Original price in HKD New price in HKD (effective 11 March) Pearl white (multi-coat) Free $9,600 Solid black $9,600 Free Midnight silver metallic $9,600 $9,600 Deep blue metallic $9,600 $9,600 Red (multi-coat) $12,800 $12,800 MODEL Y specifications comparison Standard Range (RWD) Long Range (AWD) Performance (AWD) Cruising range (WLTP) 455 km 542 km 528 km Top speed 217 km/h 217 km/h 241 km/h 0 to 100 km/h 5.6 s 5.1 s 3.7 s Wheel size 19- or 20-inch 20-inch 21-inch Seat configurations available 5-seat only (for now) 5-seat only (for now) 5-seat only (for now) Beginning from the standard version, the Model Y is equipped with a panoramic glass roof, autopilot, active safety functions, etc., and the Hong Kong version has additionally added a "HEPA" high-efficiency filter system, which is sufficient to protect against biological weapons. As for the charging configuration, Tesla said it will expand the network of the world's fastest "V3 Supercharging" supercharger in Hong Kong. The Model Y can be charged for nearly 270 kilometers of cruising distance in 15 minutes. Currently, there are 35 supercharging stations throughout the territory, providing a total of 172 superchargers and more than 600 destination chargers.

Ever since Tesla became the epitome of high-end, efficient, and environmentally-friendly vehicles, electric cars have been gaining momentum across the world. And Hong Kong is no exception. To encourage drivers to purchase these eco-cars, the government has even introduced a "One-for-One Replacement" scheme, which offers up to $250,000 of First Registration Tax concession. It seems that electric cars will inevitably become mainstream in the near future. If you’re new to electric cars and would like to learn more about their insurance plans, then you’ve come to the right place. In our brand new electric cars infographic , we are going to give you a quick summary of some important figures about electric cars, as well as what you should know before taking out insurance for electric motors.

Tesla Inc, as we know it to be, is gracefully showing the world that its dream of accelerating the world’s transition to sustainable energy is actually more realistic than ever. Embracing cutting edge battery technology but also investing in scalable clean energy, is really the tip of the iceberg for this revolutionary company. However, every dream comes partnered with nightmares, and Tesla has definitely been experiencing a few of their own lately. So, are we seeing a spiraling trend from hero to zero for Tesla in Hong Kong? Is this it for Tesla Inc? What will happen next? What is definitely more worrying, especially for our readers, is how these incidents will affect insurance premiums for car owners in Hong Kong - regardless of owning an electric vehicle (ev) or conventional vehicle. In this article, we will discuss the options of insurance for car owners , car fire scenarios, precautions to take, exclusions, and how to generally start a claim.

In their goal of promoting the use of electric private cars, the HK government has launched the “One for One Replacement” scheme in the Budget Plan of 2018 last February. Just yesterday, the authorities have relented the rules after the scheme has been blasted for having harsh requirements and rigid conditions. Today, Kwiksure will spell out what exactly the “One for One Replacement” scheme is, what the latest revision is about, the challenges for electric private car owners in Hong Kong, and some potential solutions.

Tesla cars gained their popularity in Hong Kong and around the world thanks to their modern design, ecological electric engine, and - in the case of base models such as the Tesla 3 - a (relatively) consumer-friendly price tag. Future savings on fuel and protecting the environment we live in are yet more perks of owning these revolutionary vehicles. On top of this, buyers in Hong Kong could enjoy a new-vehicle registration tax waiver on Tesla car models, which could save them as much as HK$355,500 in taxes. Yet the registration figures of new Tesla cars in Hong Kong are dropping; but why?

This month, Kwiksure has been inundated with new quote requests from Tesla owners. The recent Hong Kong budget has announced a new tax break of up to HKD 250,000, available immediately, if buyers trade in a car older than six years, and purchase an electric vehicle. This has been in response to a previous HKD 97,500 cap on tax breaks introduced last year - and one that all but stifled the market locally. These new owners, however, are about to find out that premiums are becoming more expensive - and that’s because of the cost of Tesla repairs.

As you likely already know, Formula E racing is rolling into town the first weekend of October. With events going all weekend leading up to the big race on Sunday, October 9th, it is looking like it will be a fun weekend for car enthusiasts in Hong Kong. Unlike it's bigger cousin the Formula One with cars powered by massive V6 engines that make one heck of a noise, the Formula E race involves only electric cars, which are oh so much quieter. One of the most interesting things about this race series, however, is that it truly showcases not only the amazing technology behind these vehicles but what electric cars can do. It's highly likely that the inaugural Hong Kong race will bring an increased interest in electric vehicles to the city. To that end, here are four electric car brands we commonly see on the road in Hong Kong, and some important things to consider regarding car insurance should you want to purchase one.

In a previous article we looked into the benefits of owning an electric car. Since that article was published there has been a number of articles posted by various news sources in Hong Kong about the topic including the introduction of Tesla's touted autopilot feature and the subsequent disabling of two key features due to safety concerns. The staff at Kwiksure were extremely interested in this feature and the future of electric cars, especially when it comes to the technology powering these vehicles. These days, the most advanced tech can be found in electric cars and while it is progressing in leaps and bounds there are still teething problems. For example, this article from The Verge highlights a potential issue facing electric cars: Buyers considering these vehicles have more things they need to be aware of than purchasing other vehicles. Because there is more to consider, we asked the electric car experts here at Kwiksure to share their knowledge on electric cars and provide advice to anyone considering purchasing an electric car.