How long can a vehicle's compulsory traffic insurance be expired without penalty?
2 Answers
Compulsory traffic insurance can be expired for up to three months without penalty, but exceeding this period will result in fines. Below is relevant information about compulsory insurance: 1. Definition: The full name of compulsory traffic insurance is "Compulsory Motor Vehicle Traffic Accident Liability Insurance." It is a mandatory liability insurance where the insurance company compensates for personal injuries, fatalities, and property losses (excluding the vehicle's occupants and the insured) caused by the insured motor vehicle in a road traffic accident, within the liability limits. 2. Compulsory insurance must be purchased: According to the "Regulations on Compulsory Motor Vehicle Traffic Accident Liability Insurance," starting from August 2008, all new vehicles and vehicles with expired insurance must purchase compulsory traffic insurance upon renewal. Taking six-seat vehicles as an example: private car premiums are 950 yuan, non-operational corporate vehicles are 1,000 yuan, non-operational government vehicles are 950 yuan, and operational rental vehicles are 1,800 yuan. Insurance companies will determine the premium based on the vehicle's sales invoice.
I think joking about the expiration of compulsory traffic insurance is absolutely not an option, because once it expires, you immediately can't drive, which concerns both personal and others' safety. If you continue to drive on the road after the insurance has expired and an accident occurs, the insurance company won't cover the costs, leaving you to pay all expenses out of pocket, including medical bills and car repairs, which can be a significant amount. Even more seriously, it's considered illegal driving by law, and if caught by traffic authorities, you'll face fines, points deducted from your license, and possibly even have your car towed. I once saw a friend who took a chance and drove for a day after his insurance expired, only to get into a minor rear-end collision. While the other party was unharmed, he ended up paying thousands in damages and received a ticket. So, it's best to stop driving immediately after your insurance expires and renew it as soon as possible—you can do this via a mobile app or the insurance company's official website. Setting a reminder can help avoid forgetting. Safety first; don't risk harming yourself and others just to save a few days' worth of money.
