How early can car insurance be purchased?
1 Answers
Car insurance can generally be purchased up to three months in advance, as the compulsory traffic insurance (CTPL) will usually display the specific costs on the platform about three months before the policy expires. Below is relevant information about car insurance: 1. Compulsory Traffic Insurance (CTPL): CTPL is a mandatory car insurance required by the state. Other types of insurance may be optional, but CTPL is compulsory; otherwise, the vehicle is not allowed on the road. 2. Vehicle Damage Insurance: This insurance typically covers damage to your own vehicle or the other party's vehicle in an accident, and most car owners opt for this coverage. 3. Third-Party Liability Insurance: This insurance covers injuries to third parties or damage to their property. For example, if a traffic accident involves injuries to a third party, this insurance will provide compensation. 4. No-Deductible Insurance: This is a must-have insurance for car owners. Without it, there is usually a deductible rate of about 25% when filing a claim.