How Long After Compulsory Traffic Insurance Expires Will You Be Fined?

[DiGabriela]

Compulsory traffic insurance will incur a fine if expired for three months. Below is relevant information about compulsory insurance: 1. Definition: The full name of compulsory traffic insurance is "Compulsory Traffic Accident Liability Insurance for Motor Vehicles." It is a mandatory liability insurance where the insurance company compensates for personal injuries, deaths, or property losses (excluding the driver and passengers of the insured vehicle) caused by road traffic accidents involving the insured vehicle, within the liability limits. 2. Compulsory Insurance Must Be Purchased: According to the "Regulations on Compulsory Traffic Accident Liability Insurance for Motor Vehicles," starting from August 2008, all new vehicles and vehicles with expired insurance must purchase compulsory traffic insurance upon renewal. Taking vehicles with six seats or fewer as an example: the premium for private cars is 950 yuan, for non-operational corporate vehicles is 1,000 yuan, for non-operational government vehicles is 950 yuan, and for operational rental vehicles is 1,800 yuan. Insurance companies will make judgments based on the vehicle sales invoice.