Do New Energy Vehicles Need Insurance?

[Jamie]

New energy vehicles need insurance. Introduction to Compulsory Traffic Accident Liability Insurance: The full name of Compulsory Traffic Accident Liability Insurance is "Motor Vehicle Traffic Accident Liability Compulsory Insurance." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, or property losses of victims (excluding the vehicle's occupants and the insured) caused by road traffic accidents involving the insured vehicle, within the liability limits. Nature of Compulsory Traffic Accident Liability Insurance: Compulsory Traffic Accident Liability Insurance is China's first mandatory insurance system implemented by national law. The premiums are uniformly priced nationwide, as stipulated by the state. However, the prices vary depending on the vehicle model, with the main influencing factor being the "number of vehicle seats."

[KatherineAnn]

I've been driving a new energy vehicle for two years now, and I think buying insurance is absolutely necessary. It's a mandatory national requirement for new energy vehicles to have compulsory traffic insurance before hitting the road. If you don't have it, you could face fines or even have your vehicle impounded if checked, which is quite troublesome. Moreover, the battery and motor of new energy vehicles are prone to issues. Without insurance, repair costs can easily run into tens of thousands, all of which you'd have to pay out of pocket. Last time I had a minor scrape, because I had commercial third-party insurance, the insurance company covered the other party's repair costs of several hundred yuan, which was a big relief. Additionally, there are various types of insurance for new energy vehicles. Besides compulsory traffic insurance, I recommend getting body insurance and theft insurance, especially since these components are more expensive. The first thing to do after buying a car is to purchase insurance through a reliable platform or official channels. Don't skimp on this small expense—regret comes too late when something happens. In short, for safety and cost-saving, new energy vehicles must be insured.

[Susan]

As a practical person, I believe purchasing new energy vehicle insurance is crucial. All motor vehicles, including new energy vehicles, must have compulsory traffic insurance - this is a legal requirement that cannot be avoided. In case of an accident, the insurance company will handle compensation, preventing you from bearing all the risks alone. New energy vehicle insurance can sometimes save money too, such as when premiums are lower under certain policy subsidies, or when purchasing through third-party platforms offers more discounts. I know a friend whose electric car didn't have comprehensive insurance, and he ended up paying thousands out of pocket for battery repairs - really not worth it. With so many unexpected situations on the road daily, insurance acts like a safety net. I recommend spending some time each year comparing different insurance plans to choose one with broad coverage at reasonable costs, protecting both yourself and others, making life with fewer sudden burdens.

[LeDawson]

New energy vehicles definitely need insurance. The law requires all vehicles, including new energy ones, to have compulsory traffic insurance—not having it is illegal. Additionally, since new energy components are expensive, insurance can protect against unexpected losses. For example, in case of battery accidents or scratches, insurance will cover the costs and save you significant expenses. It’s recommended to purchase commercial insurance for extended coverage—safety first.

[RachelRose]

I believe purchasing insurance for new energy vehicles is a fundamental necessity. It is not only a legal requirement, with compulsory traffic insurance being mandatory, but also a cost-saving and risk-preventing measure. The repair costs for batteries and powertrain systems in new energy vehicles are high, and insurance can help share the losses, avoiding massive expenses after an accident. For example, third-party liability insurance covers others' vehicle repair costs, offering both economic benefits and peace of mind. I recommend comparing prices to choose a comprehensive plan and not to overlook this aspect.