Do New Energy Electric Vehicles Need Insurance?
1 Answers
New energy electric vehicles do require insurance. Below is a partial introduction to auto insurance: 1. Components: Auto insurance typically consists of basic coverage and additional coverage. Basic coverage is further divided into vehicle damage insurance and third-party liability insurance. 2. Coverage details: Vehicle damage insurance compensates for losses to your own vehicle; third-party liability insurance covers damages to targets outside your own vehicle, such as pedestrians, public property, or other vehicles involved in a collision; passenger liability insurance compensates for personal and property losses within your own vehicle; theft insurance covers compensation when your vehicle is stolen; no-deductible coverage ensures 100% compensation in case of an accident. Without no-deductible coverage, you are responsible for 30% of the deductible in each accident.