Do motorcycles need to buy insurance every year?

[McReese]

Motorcycles must be insured every year. Motorcycle insurance is also divided into compulsory traffic insurance and commercial insurance. Among them, compulsory traffic insurance must be purchased every year, otherwise, the owner will be fined and the vehicle will be impounded if caught by traffic police. Commercial insurance can be chosen according to the owner's needs. Generally, to insure a motorcycle with compulsory traffic insurance and commercial vehicle insurance, the owner needs to bring relevant documents to the local insurance company's office for processing, as other channels are temporarily unavailable. The relevant information about compulsory traffic insurance is as follows: Introduction to Compulsory Traffic Insurance: The full name of compulsory traffic insurance is "Compulsory Traffic Accident Liability Insurance for Motor Vehicles." It is a mandatory liability insurance provided by insurance companies to compensate victims (excluding passengers and the insured) for personal injury, death, and property loss caused by road traffic accidents involving the insured motor vehicle, within the liability limits. Necessity of Compulsory Traffic Insurance: Compulsory traffic insurance ensures that victims of motor vehicle road traffic accidents receive compensation and promotes road traffic safety. It provides timely and basic protection for traffic accident victims.