Can I Buy Insurance for a New Car by Myself?
2 Answers
You can buy insurance for a new car by yourself. Compulsory traffic insurance must be purchased, while general commercial insurance can be freely chosen. Without compulsory traffic insurance, the car cannot be driven on the road. If caught by traffic police, you may face penalties such as vehicle impoundment, back payment of the compulsory insurance, and a fine of twice the insurance premium. Below are the introduction and categories of compulsory traffic insurance: Introduction to Compulsory Traffic Insurance: The full name of compulsory traffic insurance is "Motor Vehicle Traffic Accident Liability Compulsory Insurance." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, and property losses (excluding the vehicle's occupants and the insured) caused by the insured vehicle in a traffic accident, within the liability limits. Categories of Compulsory Traffic Insurance: Compulsory traffic insurance is the first mandatory insurance system implemented by national law in China.
I just bought a new car recently and purchased insurance myself right after driving it home. Actually, the process is quite simple—no need to queue up at the 4S shop. I just downloaded a few insurance apps on my phone, like Ping An and Pacific Insurance, entered my new car’s details such as the license plate number and VIN, and the system automatically listed several quotes for me. After comparing them, I opted for one with higher third-party liability coverage since it’s a new car—better to be well-protected in case of any accidents. Oh, and don’t forget to check for first-year insurance discounts to save some money. But when buying it yourself, make sure to read the terms carefully so you don’t miss essential coverage like comprehensive car insurance. Overall, it saves both money and time. Newcomers might need to put in some effort to research, but it’s worth trying.
