How Many Types of Insurance Should You Buy for a Car?
2 Answers
Vehicle must-have insurance types include compulsory traffic insurance, third-party liability insurance, vehicle damage insurance, and comprehensive vehicle insurance. Below is more relevant information: 1. Comprehensive vehicle insurance includes: compulsory traffic insurance + vehicle damage insurance + third-party liability insurance + no-deductible insurance + passenger liability insurance, etc. If conditions permit, you can also add theft insurance, glass insurance, body scratch insurance, and spontaneous combustion insurance. 2. Third-party liability insurance: Similar to compulsory traffic insurance, third-party liability insurance provides compensation to the injured third party, essentially serving as a supplement to compulsory traffic insurance. The compensation limit of compulsory traffic insurance is limited and relatively low, or you can opt for higher coverage.
When it comes to car insurance, after driving for over a decade, I believe the basics are that compulsory traffic insurance is a must—it's legally required for third-party personal injury coverage and shouldn't be skipped. I also recommend third-party liability insurance with coverage of at least 2 million yuan, especially in cities with heavy traffic where hitting a luxury car without insurance could bankrupt you. Vehicle damage insurance is very convenient for repairing your own car, and it's definitely worth it for a new, valuable car. Adding a small amount for no-deductible insurance ensures full coverage for minor losses. And for areas with heavy rainy seasons, water damage insurance is super practical—my friend's car engine got flooded, and the tens of thousands in repairs were fully covered thanks to it. In total, you should get at least four or five types: compulsory traffic insurance, third-party, vehicle damage, and no-deductible insurance at minimum—safety first.
