Can I Not Buy Insurance If My Car Is Parked at Home and Not Driven?
1 Answers
You can choose not to purchase commercial insurance if your car is parked at home and not driven. Compulsory Traffic Accident Liability Insurance: You can also apply for an extension of the insurance period for compulsory insurance. However, the car must not be driven on the road during the period when the compulsory insurance is lapsed. You can first go to the vehicle management department to apply for a parking procedure and postpone the annual inspection. Other Situations: If the car is parked for a long time, you will not be able to enjoy insurance discounts when you purchase insurance later, and you will need to pay the basic premium rate. Additionally, if the owner needs to use the car as a means of transportation, they must purchase compulsory insurance before driving the car on the road. Otherwise, the vehicle will be impounded, and a fine of twice the basic premium will be imposed.