How much is the fine for not having compulsory traffic insurance?
2 Answers
According to the provisions of the Road Traffic Safety Law, a warning or a fine of not less than 20 yuan but not more than 200 yuan shall be imposed. Article 95 stipulates: If a motor vehicle driven on the road does not carry an inspection qualification mark, an insurance mark, or does not carry the vehicle license or driver's license, the traffic management department of the public security organ shall detain the motor vehicle and notify the party concerned to provide the corresponding license, mark, or complete the corresponding procedures. Compulsory Traffic Insurance for Automobiles: The full name of compulsory traffic insurance is "Compulsory Liability Insurance for Motor Vehicle Traffic Accidents." It is a compulsory liability insurance under which the insurance company compensates for personal injury, death, and property loss of victims (excluding vehicle personnel and the insured) caused by road traffic accidents involving the insured motor vehicle within the liability limit. The premium is based on the national unified charging standard. However, the price of compulsory traffic insurance varies for different vehicle models, mainly influenced by the number of car seats. Compared with the more than 20 exemption clauses of commercial third-party insurance, the exemption scope of compulsory traffic insurance covers losses caused by intentional acts of the victim, property loss of the insured, related arbitration and litigation costs, and some indirect losses caused by the accident, with a much broader coverage. Moreover, regardless of whether the insured vehicle is at fault in the accident, compulsory traffic insurance will compensate within the liability limit, with no deductible or exemption. Introduction to Electronic Insurance Policies An electronic insurance policy refers to an electronic policy issued by an insurance company with its electronic signature, using digital signature software and enterprise digital certificates that comply with the PKI system. The insurance policy, abbreviated as the policy, is the official written proof of the insurance contract concluded between the insurer and the insured. The insurance policy must fully record the rights, obligations, and responsibilities of both parties to the insurance contract. The content recorded in the insurance policy is the basis for the performance of the contract by both parties. The insurance policy is proof of the establishment of the insurance contract. Advantages of Electronic Insurance Policies: Saves paper resources, eliminating the need to print insurance proof marks; Saves time and is convenient, not restricted by time or location, with information universally accessible online at any time, quick and easy; Can apply for reissue or resend, no need to worry about losing it. If a paper version is needed offline, it can also be printed or mailed; Easy management, with electronic unification making it convenient for insurance companies and traffic police departments to manage the insurance information of various vehicles.
Oh, speaking of driving without compulsory traffic insurance, my neighbor just learned this lesson the hard way last month! He forgot to renew the expired compulsory insurance on his old car and got pulled over by traffic police at a highway checkpoint. Not only was his car impounded on the spot, but he also had to pay a fine. According to our local standards, the penalty is exactly double the original insurance premium. For his small car, which normally costs 950 yuan per year for insurance, he was fined 1,900 yuan in one go. What's worse, the impound lot charged 30 yuan per day for parking fees. It took him three days to sort out the insurance and retrieve his car. This ended up costing way more than the insurance itself - totally not worth it! I highly recommend setting a phone reminder to renew your insurance on time.
