Do motorcycles need to pay insurance every year?

[Ellie]

Motorcycles must purchase insurance every year. Motorcycle insurance is also divided into compulsory insurance and commercial insurance. Among them, compulsory insurance must be purchased annually, otherwise, it will be fined and the vehicle will be impounded if caught by traffic police. Commercial insurance can be purchased according to the owner's needs. The following is a detailed introduction: 1. Motorcycle compulsory insurance: New motorcycles must purchase compulsory insurance before registration, and it must be purchased once a year. For second-hand motorcycles, compulsory insurance must also be paid voluntarily every year, otherwise, the annual inspection cannot be passed. 2. Motorcycle commercial insurance: Many people do not know that motorcycles have commercial insurance. In fact, like cars, motorcycles can also purchase commercial insurance from insurance companies. The main commercial insurances for motorcycles include theft insurance, vehicle scratch insurance, and third-party commercial insurance without deductible. Purchasing all of them is equivalent to full coverage.